CONSOLIDATED EDISON INC (ED)
US2091151041 - Common Stock
Overall ED gets a fundamental rating of 4 out of 10. We evaluated ED against 25 industry peers in the Multi-Utilities industry. There are concerns on the financial health of ED while its profitability can be described as average. ED is quite expensive at the moment. It does show a decent growth rate. ED also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year ED was profitable.
In the past year ED had a positive cash flow from operations.
ED had positive earnings in each of the past 5 years.
In the past 5 years ED always reported a positive cash flow from operatings.
1.2 Ratios
ED has a Return On Assets (2.69%) which is in line with its industry peers.
ED has a Return On Equity of 8.42%. This is in the lower half of the industry: ED underperforms 68.00% of its industry peers.
With a Return On Invested Capital value of 3.31%, ED is not doing good in the industry: 72.00% of the companies in the same industry are doing better.
Measured over the past 3 years, the Average Return On Invested Capital for ED is in line with the industry average of 3.68%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.69% | ||
| ROE | 8.42% | ||
| ROIC | 3.31% |
ROA(3y)2.78%
ROA(5y)2.48%
ROE(3y)8.88%
ROE(5y)7.99%
ROIC(3y)3.43%
ROIC(5y)3.6%
1.3 Margins
The Profit Margin of ED (12.26%) is worse than 64.00% of its industry peers.
In the last couple of years the Profit Margin of ED has grown nicely.
The Operating Margin of ED (17.79%) is worse than 92.00% of its industry peers.
In the last couple of years the Operating Margin of ED has declined.
ED has a better Gross Margin (79.47%) than 88.00% of its industry peers.
ED's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 17.79% | ||
| PM (TTM) | 12.26% | ||
| GM | 79.47% |
OM growth 3Y-9.81%
OM growth 5Y-4.99%
PM growth 3Y24.09%
PM growth 5Y8.93%
GM growth 3Y-2.32%
GM growth 5Y-0.31%
2. Health
2.1 Basic Checks
ED has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
ED has less shares outstanding than it did 1 year ago.
ED has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, ED has a worse debt to assets ratio.
2.2 Solvency
ED has an Altman-Z score of 1.04. This is a bad value and indicates that ED is not financially healthy and even has some risk of bankruptcy.
With an excellent Altman-Z score value of 1.04, ED belongs to the best of the industry, outperforming 88.00% of the companies in the same industry.
A Debt/Equity ratio of 1.16 is on the high side and indicates that ED has dependencies on debt financing.
ED has a Debt to Equity ratio of 1.16. This is amongst the best in the industry. ED outperforms 88.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.16 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.04 |
ROIC/WACC0.5
WACC6.65%
2.3 Liquidity
ED has a Current Ratio of 1.01. This is a normal value and indicates that ED is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of ED (1.01) is better than 76.00% of its industry peers.
ED has a Quick Ratio of 1.01. This is a bad value and indicates that ED is not financially healthy enough and could expect problems in meeting its short term obligations.
With an excellent Quick ratio value of 0.93, ED belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.01 | ||
| Quick Ratio | 0.93 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 11.29% over the past year.
ED shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 3.17% yearly.
ED shows a decrease in Revenue. In the last year, the revenue decreased by -1.40%.
The Revenue has been growing slightly by 3.51% on average over the past years.
EPS 1Y (TTM)11.29%
EPS 3Y6.58%
EPS 5Y3.17%
EPS Q2Q%3.7%
Revenue 1Y (TTM)-1.4%
Revenue growth 3Y6.19%
Revenue growth 5Y3.51%
Sales Q2Q%5.68%
3.2 Future
ED is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.31% yearly.
Based on estimates for the next years, ED will show a small growth in Revenue. The Revenue will grow by 4.06% on average per year.
EPS Next Y8.84%
EPS Next 2Y7.02%
EPS Next 3Y6.58%
EPS Next 5Y6.31%
Revenue Next Year1.32%
Revenue Next 2Y2.55%
Revenue Next 3Y2.91%
Revenue Next 5Y4.06%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 16.58, which indicates a correct valuation of ED.
ED's Price/Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Earnings ratio of 27.54, ED is valued a bit cheaper.
A Price/Forward Earnings ratio of 15.51 indicates a correct valuation of ED.
ED's Price/Forward Earnings is on the same level as the industry average.
When comparing the Price/Forward Earnings ratio of ED to the average of the S&P500 Index (23.99), we can say ED is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.58 | ||
| Fwd PE | 15.51 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ED is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 11.51 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates ED does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)1.88
PEG (5Y)5.24
EPS Next 2Y7.02%
EPS Next 3Y6.58%
5. Dividend
5.1 Amount
ED has a Yearly Dividend Yield of 3.73%.
Compared to an average industry Dividend Yield of 3.94, ED pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.36, ED pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.73% |
5.2 History
The dividend of ED has a limited annual growth rate of 3.25%.
ED has been paying a dividend for at least 10 years, so it has a reliable track record.
ED has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)3.25%
Div Incr Years34
Div Non Decr Years34
5.3 Sustainability
ED pays out 59.16% of its income as dividend. This is a bit on the high side, but may be sustainable.
ED's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP59.16%
EPS Next 2Y7.02%
EPS Next 3Y6.58%
CONSOLIDATED EDISON INC
NYSE:ED (12/26/2024, 11:10:55 AM)
89.88
+0.3 (+0.33%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryMulti-Utilities
Earnings (Last)
Earnings (Next)
Inst Owners70.39%
Inst Owner Change-0.51%
Ins Owners0.17%
Ins Owner Change4.11%
Market Cap31.77B
Analysts54.07
Price Target103.56 (15.22%)
Short Float %1.99%
Short Ratio3.2
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.73% |
Dividend Growth(5Y)3.25%
DP59.16%
Div Incr Years34
Div Non Decr Years34
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)0.59%
Min EPS beat(2)0.58%
Max EPS beat(2)0.61%
EPS beat(4)4
Avg EPS beat(4)3.32%
Min EPS beat(4)0.58%
Max EPS beat(4)10.88%
EPS beat(8)5
Avg EPS beat(8)2.52%
EPS beat(12)8
Avg EPS beat(12)3.72%
EPS beat(16)9
Avg EPS beat(16)1.21%
Revenue beat(2)0
Avg Revenue beat(2)-5.36%
Min Revenue beat(2)-8.52%
Max Revenue beat(2)-2.2%
Revenue beat(4)0
Avg Revenue beat(4)-6.49%
Min Revenue beat(4)-9.7%
Max Revenue beat(4)-2.2%
Revenue beat(8)2
Avg Revenue beat(8)-0.46%
Revenue beat(12)6
Avg Revenue beat(12)3.15%
Revenue beat(16)9
Avg Revenue beat(16)2.21%
PT rev (1m)-0.32%
PT rev (3m)4.59%
EPS NQ rev (1m)0.18%
EPS NQ rev (3m)-1.06%
EPS NY rev (1m)0.57%
EPS NY rev (3m)0.8%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.56%
Revenue NY rev (1m)-0.71%
Revenue NY rev (3m)-0.54%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.58 | ||
| Fwd PE | 15.51 | ||
| P/S | 2.11 | ||
| P/FCF | N/A | ||
| P/OCF | 9.69 | ||
| P/B | 1.45 | ||
| P/tB | 1.48 | ||
| EV/EBITDA | 11.51 |
EPS(TTM)5.42
EY6.03%
EPS(NY)5.8
Fwd EY6.45%
FCF(TTM)-4.14
FCFYN/A
OCF(TTM)9.28
OCFY10.32%
SpS42.54
BVpS61.95
TBVpS60.8
PEG (NY)1.88
PEG (5Y)5.24
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.69% | ||
| ROE | 8.42% | ||
| ROCE | 4.27% | ||
| ROIC | 3.31% | ||
| ROICexc | 3.31% | ||
| ROICexgc | 3.34% | ||
| OM | 17.79% | ||
| PM (TTM) | 12.26% | ||
| GM | 79.47% | ||
| FCFM | N/A |
ROA(3y)2.78%
ROA(5y)2.48%
ROE(3y)8.88%
ROE(5y)7.99%
ROIC(3y)3.43%
ROIC(5y)3.6%
ROICexc(3y)3.49%
ROICexc(5y)3.67%
ROICexgc(3y)3.55%
ROICexgc(5y)3.76%
ROCE(3y)4.45%
ROCE(5y)4.66%
ROICexcg growth 3Y-7.69%
ROICexcg growth 5Y-6.4%
ROICexc growth 3Y-6.83%
ROICexc growth 5Y-5.71%
OM growth 3Y-9.81%
OM growth 5Y-4.99%
PM growth 3Y24.09%
PM growth 5Y8.93%
GM growth 3Y-2.32%
GM growth 5Y-0.31%
F-Score5
Asset Turnover0.22
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.16 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 5.31 | ||
| Cap/Depr | 223% | ||
| Cap/Sales | 31.53% | ||
| Interest Coverage | 2.62 | ||
| Cash Conversion | 68.3% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.01 | ||
| Quick Ratio | 0.93 | ||
| Altman-Z | 1.04 |
F-Score5
WACC6.65%
ROIC/WACC0.5
Cap/Depr(3y)207.71%
Cap/Depr(5y)209.58%
Cap/Sales(3y)28.93%
Cap/Sales(5y)29.67%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)11.29%
EPS 3Y6.58%
EPS 5Y3.17%
EPS Q2Q%3.7%
EPS Next Y8.84%
EPS Next 2Y7.02%
EPS Next 3Y6.58%
EPS Next 5Y6.31%
Revenue 1Y (TTM)-1.4%
Revenue growth 3Y6.19%
Revenue growth 5Y3.51%
Sales Q2Q%5.68%
Revenue Next Year1.32%
Revenue Next 2Y2.55%
Revenue Next 3Y2.91%
Revenue Next 5Y4.06%
EBIT growth 1Y10.17%
EBIT growth 3Y-4.23%
EBIT growth 5Y-1.65%
EBIT Next Year67.26%
EBIT Next 3Y24.44%
EBIT Next 5Y17.95%
FCF growth 1Y-229.28%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-9.89%
OCF growth 3Y-0.64%
OCF growth 5Y-4.36%