EXELON CORP (EXC) Stock Fundamental Analysis
NASDAQ:EXC - Nasdaq - US30161N1019 - Common Stock
We assign a fundamental rating of 4 out of 10 to EXC. EXC was compared to 46 industry peers in the Electric Utilities industry. There are concerns on the financial health of EXC while its profitability can be described as average. While showing a medium growth rate, EXC is valued expensive at the moment. Finally EXC also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year EXC was profitable.
In the past year EXC had a positive cash flow from operations.
Each year in the past 5 years EXC has been profitable.
EXC had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
EXC's Return On Assets of 2.29% is on the low side compared to the rest of the industry. EXC is outperformed by 62.16% of its industry peers.
The Return On Equity of EXC (9.13%) is comparable to the rest of the industry.
EXC has a Return On Invested Capital of 3.69%. This is comparable to the rest of the industry: EXC outperforms 54.05% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for EXC is in line with the industry average of 4.61%.
The last Return On Invested Capital (3.69%) for EXC is above the 3 year average (2.94%), which is a sign of increasing profitability.
| 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
With a Profit Margin value of 10.60%, EXC is not doing good in the industry: 64.86% of the companies in the same industry are doing better.
In the last couple of years the Profit Margin of EXC has grown nicely.
EXC has a Operating Margin of 18.73%. This is in the lower half of the industry: EXC underperforms 67.57% of its industry peers.
EXC's Operating Margin has improved in the last couple of years.
With a Gross Margin value of 61.57%, EXC perfoms like the industry average, outperforming 45.95% of the companies in the same industry.
In the last couple of years the Gross Margin of EXC has grown nicely.
| 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
EXC has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, EXC has more shares outstanding
EXC has more shares outstanding than it did 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 0.75. This is a bad value and indicates that EXC is not financially healthy and even has some risk of bankruptcy.
EXC has a Altman-Z score (0.75) which is in line with its industry peers.
A Debt/Equity ratio of 1.69 is on the high side and indicates that EXC has dependencies on debt financing.
EXC has a worse Debt to Equity ratio (1.69) than 62.16% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.69 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.75 |
ROIC/WACC0.59
WACC6.22%
2.3 Liquidity
A Current Ratio of 1.09 indicates that EXC should not have too much problems paying its short term obligations.
EXC has a better Current ratio (1.09) than 67.57% of its industry peers.
A Quick Ratio of 0.97 indicates that EXC may have some problems paying its short term obligations.
With a decent Quick ratio value of 0.97, EXC is doing good in the industry, outperforming 70.27% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.09 | ||
| Quick Ratio | 0.97 |
3. Growth
3.1 Past
EXC shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 11.31%, which is quite good.
EXC shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -5.33% yearly.
The Revenue has grown by 9.03% in the past year. This is quite good.
Measured over the past years, EXC shows a decrease in Revenue. The Revenue has been decreasing by -9.59% on average per year.
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
The Earnings Per Share is expected to grow by 6.06% on average over the next years.
Based on estimates for the next years, EXC will show a small growth in Revenue. The Revenue will grow by 4.55% on average per year.
EPS Next Y4.09%
EPS Next 2Y5.63%
EPS Next 3Y5.56%
EPS Next 5Y6.06%
Revenue Next Year7.97%
Revenue Next 2Y5.66%
Revenue Next 3Y4.9%
Revenue Next 5Y4.55%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 16.44 indicates a correct valuation of EXC.
EXC's Price/Earnings is on the same level as the industry average.
EXC is valuated rather cheaply when we compare the Price/Earnings ratio to 28.29, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 15.23, the valuation of EXC can be described as correct.
Based on the Price/Forward Earnings ratio, EXC is valued a bit cheaper than the industry average as 67.57% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 24.44, EXC is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.44 | ||
| Fwd PE | 15.23 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, EXC is valued a bit cheaper than 67.57% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 10.81 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates EXC does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)4.02
PEG (5Y)N/A
EPS Next 2Y5.63%
EPS Next 3Y5.56%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.86%, EXC has a reasonable but not impressive dividend return.
EXC's Dividend Yield is a higher than the industry average which is at 3.61.
Compared to an average S&P500 Dividend Yield of 2.28, EXC pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.86% |
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 for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)0.83%
Div Incr Years3
Div Non Decr Years10
5.3 Sustainability
61.77% of the earnings are spent on dividend by EXC. This is not a sustainable payout ratio.
EXC's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP61.77%
EPS Next 2Y5.63%
EPS Next 3Y5.56%
EXELON CORP
NASDAQ:EXC (1/21/2025, 8:00:02 PM)
After market: 40.44 0 (0%)40.44
+1.02 (+2.59%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)
Earnings (Next)
Inst Owners86.8%
Inst Owner Change-0.12%
Ins Owners0.08%
Ins Owner Change1.09%
Market Cap40.64B
Analysts70
Price Target44.01 (8.83%)
Short Float %1.84%
Short Ratio2.84
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.86% |
Yearly Dividend1.44
Dividend Growth(5Y)0.83%
DP61.77%
Div Incr Years3
Div Non Decr Years10
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)11.1%
Min EPS beat(2)5.35%
Max EPS beat(2)16.84%
EPS beat(4)3
Avg EPS beat(4)5.24%
Min EPS beat(4)-3.36%
Max EPS beat(4)16.84%
EPS beat(8)5
Avg EPS beat(8)3.11%
EPS beat(12)7
Avg EPS beat(12)2.12%
EPS beat(16)9
Avg EPS beat(16)-3.28%
Revenue beat(2)2
Avg Revenue beat(2)6.23%
Min Revenue beat(2)4.08%
Max Revenue beat(2)8.39%
Revenue beat(4)4
Avg Revenue beat(4)11.82%
Min Revenue beat(4)4.08%
Max Revenue beat(4)27.35%
Revenue beat(8)8
Avg Revenue beat(8)11.81%
Revenue beat(12)10
Avg Revenue beat(12)6.22%
Revenue beat(16)13
Avg Revenue beat(16)3.46%
PT rev (1m)0.58%
PT rev (3m)2.9%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-2.62%
EPS NY rev (1m)0%
EPS NY rev (3m)0.21%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-5.37%
Revenue NY rev (1m)-0.79%
Revenue NY rev (3m)-1.53%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.44 | ||
| Fwd PE | 15.23 | ||
| P/S | 1.77 | ||
| P/FCF | N/A | ||
| P/OCF | 7.32 | ||
| P/B | 1.53 | ||
| P/tB | 2.03 | ||
| EV/EBITDA | 10.81 |
EPS(TTM)2.46
EY6.08%
EPS(NY)2.66
Fwd EY6.57%
FCF(TTM)-1.47
FCFYN/A
OCF(TTM)5.53
OCFY13.67%
SpS22.81
BVpS26.49
TBVpS19.9
PEG (NY)4.02
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.29% | ||
| ROE | 9.13% | ||
| ROCE | 4.35% | ||
| ROIC | 3.69% | ||
| ROICexc | 3.72% | ||
| ROICexgc | 3.98% | ||
| OM | 18.73% | ||
| PM (TTM) | 10.6% | ||
| GM | 61.57% | ||
| FCFM | N/A |
ROA(3y)1.95%
ROA(5y)1.94%
ROE(3y)7.59%
ROE(5y)7.58%
ROIC(3y)2.94%
ROIC(5y)2.83%
ROICexc(3y)2.96%
ROICexc(5y)2.85%
ROICexgc(3y)3.18%
ROICexgc(5y)3.05%
ROCE(3y)3.52%
ROCE(5y)3.38%
ROICexcg growth 3Y22.09%
ROICexcg growth 5Y3.78%
ROICexc growth 3Y21.6%
ROICexc growth 5Y3.67%
OM growth 3Y29.67%
OM growth 5Y11.62%
PM growth 3Y21.72%
PM growth 5Y13.97%
GM growth 3Y0.93%
GM growth 5Y1.79%
F-Score6
Asset Turnover0.22
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.69 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 5.74 | ||
| Cap/Depr | 196.73% | ||
| Cap/Sales | 30.66% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 70.61% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.09 | ||
| Quick Ratio | 0.97 | ||
| Altman-Z | 0.75 |
F-Score6
WACC6.22%
ROIC/WACC0.59
Cap/Depr(3y)172.99%
Cap/Depr(5y)153.54%
Cap/Sales(3y)38.68%
Cap/Sales(5y)32.29%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)11.31%
EPS 3Y-9.59%
EPS 5Y-5.33%
EPS Q2Q%5.97%
EPS Next Y4.09%
EPS Next 2Y5.63%
EPS Next 3Y5.56%
EPS Next 5Y6.06%
Revenue 1Y (TTM)9.03%
Revenue growth 3Y-13.04%
Revenue growth 5Y-9.59%
Sales Q2Q%2.91%
Revenue Next Year7.97%
Revenue Next 2Y5.66%
Revenue Next 3Y4.9%
Revenue Next 5Y4.55%
EBIT growth 1Y17.87%
EBIT growth 3Y12.76%
EBIT growth 5Y0.91%
EBIT Next Year99.83%
EBIT Next 3Y32.29%
EBIT Next 5Y21.81%
FCF growth 1Y64.7%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y84.4%
OCF growth 3Y3.56%
OCF growth 5Y-11.46%