EXELON CORP (EXC) Fundamental Analysis & Valuation
NASDAQ:EXC • US30161N1019
48.86 USD
-0.15 (-0.31%)
Last: Mar 11, 2026, 03:40 PM
This EXC fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
Overall EXC gets a fundamental rating of 4 out of 10. We evaluated EXC against 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. EXC is quite expensive at the moment. It does show a decent growth rate. Finally EXC also has an excellent dividend rating.
1. EXC Profitability Analysis
1.1 Basic Checks
- EXC had positive earnings in the past year.
- EXC had a positive operating cash flow in the past year.
- In the past 5 years EXC has always been profitable.
- In the past 5 years EXC always reported a positive cash flow from operatings.
1.2 Ratios
- EXC's Return On Assets of 2.37% is on the low side compared to the rest of the industry. EXC is outperformed by 71.74% of its industry peers.
- EXC's Return On Equity of 9.61% is in line compared to the rest of the industry. EXC outperforms 52.17% of its industry peers.
- EXC has a Return On Invested Capital (4.25%) which is in line with its industry peers.
- EXC had an Average Return On Invested Capital over the past 3 years of 3.93%. This is in line with the industry average of 4.49%.
- The last Return On Invested Capital (4.25%) for EXC is above the 3 year average (3.93%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.37% | ||
| ROE | 9.61% | ||
| ROIC | 4.25% |
ROA(3y)2.31%
ROA(5y)2.1%
ROE(3y)9.26%
ROE(5y)8.3%
ROIC(3y)3.93%
ROIC(5y)3.42%
1.3 Margins
- EXC has a Profit Margin of 11.41%. This is in the lower half of the industry: EXC underperforms 65.22% of its industry peers.
- EXC's Profit Margin has improved in the last couple of years.
- The Operating Margin of EXC (21.21%) is comparable to the rest of the industry.
- In the last couple of years the Operating Margin of EXC has grown nicely.
- Looking at the Gross Margin, with a value of 64.28%, EXC is in line with its industry, outperforming 54.35% of the companies in the same industry.
- EXC's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 21.21% | ||
| PM (TTM) | 11.41% | ||
| GM | 64.28% |
OM growth 3Y6.85%
OM growth 5Y20.15%
PM growth 3Y0.11%
PM growth 5Y13.94%
GM growth 3Y-1.36%
GM growth 5Y1.26%
2. EXC Health Analysis
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.
- Compared to 5 years ago, EXC has more shares outstanding
- EXC has a better debt/assets ratio than last year.
2.2 Solvency
- Based on the Altman-Z score of 0.78, we must say that EXC is in the distress zone and has some risk of bankruptcy.
- EXC has a Altman-Z score of 0.78. This is comparable to the rest of the industry: EXC outperforms 45.65% of its industry peers.
- EXC has a Debt/Equity ratio of 1.68. This is a high value indicating a heavy dependency on external financing.
- EXC has a Debt to Equity ratio of 1.68. This is in the lower half of the industry: EXC underperforms 63.04% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.68 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.78 |
ROIC/WACC0.68
WACC6.27%
2.3 Liquidity
- A Current Ratio of 0.92 indicates that EXC may have some problems paying its short term obligations.
- EXC has a better Current ratio (0.92) than 63.04% of its industry peers.
- EXC has a Quick Ratio of 0.92. This is a bad value and indicates that EXC is not financially healthy enough and could expect problems in meeting its short term obligations.
- EXC has a better Quick ratio (0.84) than 65.22% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.92 | ||
| Quick Ratio | 0.84 |
3. EXC Growth Analysis
3.1 Past
- EXC shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 10.40%, which is quite good.
- The Earnings Per Share has been decreasing by -3.04% on average over the past years.
- The Revenue has been growing slightly by 5.34% in the past year.
- Measured over the past years, EXC shows a decrease in Revenue. The Revenue has been decreasing by -5.99% on average per year.
EPS 1Y (TTM)10.4%
EPS 3Y6.89%
EPS 5Y-3.04%
EPS Q2Q%-7.81%
Revenue 1Y (TTM)5.34%
Revenue growth 3Y8.34%
Revenue growth 5Y-5.99%
Sales Q2Q%-1.08%
3.2 Future
- The Earnings Per Share is expected to grow by 6.25% 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 3.80% on average per year.
EPS Next Y4.29%
EPS Next 2Y5.57%
EPS Next 3Y6.08%
EPS Next 5Y6.25%
Revenue Next Year3.84%
Revenue Next 2Y3.55%
Revenue Next 3Y3.46%
Revenue Next 5Y3.8%
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. EXC Valuation Analysis
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 17.70, the valuation of EXC can be described as rather expensive.
- The rest of the industry has a similar Price/Earnings ratio as EXC.
- EXC is valuated rather cheaply when we compare the Price/Earnings ratio to 26.25, which is the current average of the S&P500 Index.
- A Price/Forward Earnings ratio of 16.98 indicates a correct valuation of EXC.
- EXC's Price/Forward Earnings is on the same level as the industry average.
- Compared to an average S&P500 Price/Forward Earnings ratio of 24.39, EXC is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.7 | ||
| Fwd PE | 16.98 |
4.2 Price Multiples
- EXC's Enterprise Value to EBITDA ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 11.26 |
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)4.13
PEG (5Y)N/A
EPS Next 2Y5.57%
EPS Next 3Y6.08%
5. EXC Dividend Analysis
5.1 Amount
- EXC has a Yearly Dividend Yield of 3.44%.
- Compared to an average industry Dividend Yield of 2.87, EXC pays a bit more dividend than its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.82, EXC pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.44% |
5.2 History
- The dividend of EXC has a limited annual growth rate of 0.82%.
- EXC has been paying a dividend for at least 10 years, so it has a reliable track record.
- EXC has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)0.82%
Div Incr Years3
Div Non Decr Years10
5.3 Sustainability
- 58.42% of the earnings are spent on dividend by EXC. This is a bit on the high side, but may be sustainable.
- The dividend of EXC is growing, but earnings are growing more, so the dividend growth is sustainable.
DP58.42%
EPS Next 2Y5.57%
EPS Next 3Y6.08%
EXC Fundamentals: All Metrics, Ratios and Statistics
NASDAQ:EXC (3/11/2026, 3:40:07 PM)
48.86
-0.15 (-0.31%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)02-12 2026-02-12/bmo
Earnings (Next)04-29 2026-04-29/bmo
Inst Owners92.78%
Inst Owner Change3.98%
Ins Owners0.09%
Ins Owner Change5.84%
Market Cap49.98B
Revenue(TTM)24.26B
Net Income(TTM)2.77B
Analysts68.46
Price Target50.5 (3.36%)
Short Float %3.88%
Short Ratio4.84
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.44% |
Yearly Dividend1.59
Dividend Growth(5Y)0.82%
DP58.42%
Div Incr Years3
Div Non Decr Years10
Ex-Date03-02 2026-03-02 (0.42)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)8.2%
Min EPS beat(2)6.79%
Max EPS beat(2)9.62%
EPS beat(4)4
Avg EPS beat(4)6.33%
Min EPS beat(4)3.88%
Max EPS beat(4)9.62%
EPS beat(8)7
Avg EPS beat(8)6.42%
EPS beat(12)10
Avg EPS beat(12)4.87%
EPS beat(16)11
Avg EPS beat(16)3.48%
Revenue beat(2)1
Avg Revenue beat(2)1.39%
Min Revenue beat(2)-0.48%
Max Revenue beat(2)3.25%
Revenue beat(4)2
Avg Revenue beat(4)0.9%
Min Revenue beat(4)-0.48%
Max Revenue beat(4)3.25%
Revenue beat(8)6
Avg Revenue beat(8)4.72%
Revenue beat(12)10
Avg Revenue beat(12)8.33%
Revenue beat(16)13
Avg Revenue beat(16)7.95%
PT rev (1m)2.19%
PT rev (3m)-0.63%
EPS NQ rev (1m)-0.38%
EPS NQ rev (3m)0.77%
EPS NY rev (1m)0.28%
EPS NY rev (3m)0.12%
Revenue NQ rev (1m)0.57%
Revenue NQ rev (3m)0.57%
Revenue NY rev (1m)0.2%
Revenue NY rev (3m)0.68%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.7 | ||
| Fwd PE | 16.98 | ||
| P/S | 2.06 | ||
| P/FCF | N/A | ||
| P/OCF | 7.99 | ||
| P/B | 1.74 | ||
| P/tB | 2.25 | ||
| EV/EBITDA | 11.26 |
EPS(TTM)2.76
EY5.65%
EPS(NY)2.88
Fwd EY5.89%
FCF(TTM)-2.22
FCFYN/A
OCF(TTM)6.11
OCFY12.51%
SpS23.72
BVpS28.15
TBVpS21.67
PEG (NY)4.13
PEG (5Y)N/A
Graham Number41.81
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.37% | ||
| ROE | 9.61% | ||
| ROCE | 4.84% | ||
| ROIC | 4.25% | ||
| ROICexc | 4.27% | ||
| ROICexgc | 4.55% | ||
| OM | 21.21% | ||
| PM (TTM) | 11.41% | ||
| GM | 64.28% | ||
| FCFM | N/A |
ROA(3y)2.31%
ROA(5y)2.1%
ROE(3y)9.26%
ROE(5y)8.3%
ROIC(3y)3.93%
ROIC(5y)3.42%
ROICexc(3y)3.95%
ROICexc(5y)3.44%
ROICexgc(3y)4.23%
ROICexgc(5y)3.69%
ROCE(3y)4.53%
ROCE(5y)3.96%
ROICexgc growth 3Y7.73%
ROICexgc growth 5Y15.41%
ROICexc growth 3Y8.27%
ROICexc growth 5Y15.33%
OM growth 3Y6.85%
OM growth 5Y20.15%
PM growth 3Y0.11%
PM growth 5Y13.94%
GM growth 3Y-1.36%
GM growth 5Y1.26%
F-Score6
Asset Turnover0.21
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.68 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 5.51 | ||
| Cap/Depr | 234.12% | ||
| Cap/Sales | 35.16% | ||
| Interest Coverage | 2.55 | ||
| Cash Conversion | 71.17% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.92 | ||
| Quick Ratio | 0.84 | ||
| Altman-Z | 0.78 |
F-Score6
WACC6.27%
ROIC/WACC0.68
Cap/Depr(3y)214.26%
Cap/Depr(5y)190.09%
Cap/Sales(3y)33.36%
Cap/Sales(5y)36.41%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)10.4%
EPS 3Y6.89%
EPS 5Y-3.04%
EPS Q2Q%-7.81%
EPS Next Y4.29%
EPS Next 2Y5.57%
EPS Next 3Y6.08%
EPS Next 5Y6.25%
Revenue 1Y (TTM)5.34%
Revenue growth 3Y8.34%
Revenue growth 5Y-5.99%
Sales Q2Q%-1.08%
Revenue Next Year3.84%
Revenue Next 2Y3.55%
Revenue Next 3Y3.46%
Revenue Next 5Y3.8%
EBIT growth 1Y19.4%
EBIT growth 3Y15.76%
EBIT growth 5Y12.95%
EBIT Next Year90.24%
EBIT Next 3Y30.39%
EBIT Next 5Y20.94%
FCF growth 1Y-48.89%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y12.3%
OCF growth 3Y8.7%
OCF growth 5Y8.11%
EXELON CORP / EXC FAQ
Can you provide the ChartMill fundamental rating for EXELON CORP?
ChartMill assigns a fundamental rating of 4 / 10 to EXC.
Can you provide the valuation status for EXELON CORP?
ChartMill assigns a valuation rating of 2 / 10 to EXELON CORP (EXC). This can be considered as Overvalued.
How profitable is EXELON CORP (EXC) stock?
EXELON CORP (EXC) has a profitability rating of 5 / 10.
How financially healthy is EXELON CORP?
The financial health rating of EXELON CORP (EXC) is 2 / 10.
Can you provide the dividend sustainability for EXC stock?
The dividend rating of EXELON CORP (EXC) is 7 / 10 and the dividend payout ratio is 58.42%.