EXELON CORP (EXC)
US30161N1019 - Common Stock
We assign a fundamental rating of 3 out of 10 to EXC. EXC was compared to 47 industry peers in the Electric Utilities industry. EXC has a medium profitability rating, but doesn't score so well on its financial health evaluation. While showing a medium growth rate, EXC is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
EXC had positive earnings in the past year.
In the past year EXC had a positive cash flow from operations.
In the past 5 years EXC has always been profitable.
EXC had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a Return On Assets value of 2.29%, EXC is not doing good in the industry: 62.22% of the companies in the same industry are doing better.
With a Return On Equity value of 9.13%, EXC perfoms like the industry average, outperforming 48.89% of the companies in the same industry.
EXC has a Return On Invested Capital of 3.69%. This is comparable to the rest of the industry: EXC outperforms 53.33% of its industry peers.
EXC had an Average Return On Invested Capital over the past 3 years of 2.94%. This is in line with the industry average of 4.67%.
The 3 year average ROIC (2.94%) for EXC is below the current ROIC(3.69%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.29% | ||
| ROE | 9.13% | ||
| ROIC | 3.69% |
ROA(3y)1.95%
ROA(5y)1.94%
ROE(3y)7.59%
ROE(5y)7.58%
ROIC(3y)2.94%
ROIC(5y)2.83%
1.3 Margins
EXC's Profit Margin of 10.60% is on the low side compared to the rest of the industry. EXC is outperformed by 62.22% of its industry peers.
In the last couple of years the Profit Margin of EXC has grown nicely.
EXC has a worse Operating Margin (18.73%) than 62.22% of its industry peers.
In the last couple of years the Operating Margin of EXC has grown nicely.
EXC has a Gross Margin (61.57%) which is comparable to the rest of the industry.
EXC's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.73% | ||
| PM (TTM) | 10.6% | ||
| GM | 61.57% |
OM growth 3Y29.67%
OM growth 5Y11.62%
PM growth 3Y21.72%
PM growth 5Y13.97%
GM growth 3Y0.93%
GM growth 5Y1.79%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so EXC is destroying value.
EXC has more shares outstanding than it did 1 year ago.
The number of shares outstanding for EXC has been increased compared to 5 years ago.
Compared to 1 year ago, EXC has a worse debt to assets ratio.
2.2 Solvency
EXC has an Altman-Z score of 0.73. This is a bad value and indicates that EXC is not financially healthy and even has some risk of bankruptcy.
EXC has a worse Altman-Z score (0.73) than 66.67% of its industry peers.
EXC has a Debt/Equity ratio of 1.69. This is a high value indicating a heavy dependency on external financing.
EXC's Debt to Equity ratio of 1.69 is on the low side compared to the rest of the industry. EXC is outperformed by 68.89% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.69 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.73 |
ROIC/WACC0.61
WACC6.08%
2.3 Liquidity
EXC has a Current Ratio of 1.09. This is a normal value and indicates that EXC is financially healthy and should not expect problems in meeting its short term obligations.
EXC's Current ratio of 1.09 is in line compared to the rest of the industry. EXC outperforms 57.78% of its industry peers.
A Quick Ratio of 0.97 indicates that EXC may have some problems paying its short term obligations.
EXC has a Quick ratio of 0.97. This is comparable to the rest of the industry: EXC outperforms 60.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.09 | ||
| Quick Ratio | 0.97 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 11.31% over the past year.
Measured over the past years, EXC shows a decrease in Earnings Per Share. The EPS has been decreasing by -5.33% on average per year.
The Revenue has grown by 9.03% in the past year. This is quite good.
The Revenue has been decreasing by -9.59% on average over the past years.
EPS 1Y (TTM)11.31%
EPS 3Y-9.59%
EPS 5Y-5.33%
EPS Q2Q%5.97%
Revenue 1Y (TTM)9.03%
Revenue growth 3Y-13.04%
Revenue growth 5Y-9.59%
Sales Q2Q%2.91%
3.2 Future
EXC is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.76% yearly.
EXC is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.43% yearly.
EPS Next Y4.15%
EPS Next 2Y5.37%
EPS Next 3Y5.47%
EPS Next 5Y5.76%
Revenue Next Year7.89%
Revenue Next 2Y5.55%
Revenue Next 3Y4.85%
Revenue Next 5Y4.43%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
EXC is valuated correctly with a Price/Earnings ratio of 15.98.
Based on the Price/Earnings ratio, EXC is valued a bit cheaper than the industry average as 62.22% of the companies are valued more expensively.
EXC's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.96.
The Price/Forward Earnings ratio is 14.88, which indicates a correct valuation of EXC.
EXC's Price/Forward Earnings ratio is in line with the industry average.
EXC is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 23.82, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.98 | ||
| Fwd PE | 14.88 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of EXC is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 10.57 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)3.85
PEG (5Y)N/A
EPS Next 2Y5.37%
EPS Next 3Y5.47%
5. Dividend
5.1 Amount
EXC has a Yearly Dividend Yield of 3.99%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.44, EXC pays a bit more dividend than its industry peers.
EXC's Dividend Yield is rather good when compared to the S&P500 average which is at 2.23.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.99% |
5.2 History
The dividend of EXC has a limited annual growth rate of 0.83%.
EXC has paid a dividend for at least 10 years, which is a reliable track record.
EXC has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)0.83%
Div Incr Years2
Div Non Decr Years9
5.3 Sustainability
EXC pays out 61.77% of its income as dividend. This is not a sustainable payout ratio.
The dividend of EXC is growing, but earnings are growing more, so the dividend growth is sustainable.
DP61.77%
EPS Next 2Y5.37%
EPS Next 3Y5.47%
EXELON CORP
NASDAQ:EXC (11/21/2024, 8:25:37 PM)
After market: 39.11 -0.2 (-0.51%)39.31
+0.58 (+1.5%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap39.31B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.99% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
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EPS beat(8)
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EPS beat(16)
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Revenue beat(2)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.98 | ||
| Fwd PE | 14.88 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)3.85
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.29% | ||
| ROE | 9.13% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 18.73% | ||
| PM (TTM) | 10.6% | ||
| GM | 61.57% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.22
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.69 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.09 | ||
| Quick Ratio | 0.97 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)11.31%
EPS 3Y-9.59%
EPS 5Y
EPS Q2Q%
EPS Next Y4.15%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)9.03%
Revenue growth 3Y-13.04%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y