44.975 USD
+0.15 (+0.32%)
We assign a fundamental rating of 4 out of 10 to EXC. EXC was compared to 46 industry peers in the Electric Utilities industry. While EXC is still in line with the averages on profitability rating, there are concerns on its financial health. EXC is quite expensive at the moment. It does show a decent growth rate. EXC also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
- EXC had positive earnings in the past year.
- EXC had a positive operating cash flow in the past year.
- Each year in the past 5 years EXC has been profitable.
- In the past 5 years EXC always reported a positive cash flow from operatings.
1.2 Ratios
- The Return On Assets of EXC (2.48%) is worse than 65.22% of its industry peers.
- The Return On Equity of EXC (10.03%) is comparable to the rest of the industry.
- The Return On Invested Capital of EXC (4.31%) is comparable to the rest of the industry.
- EXC had an Average Return On Invested Capital over the past 3 years of 3.67%. This is in line with the industry average of 4.58%.
- The last Return On Invested Capital (4.31%) for EXC is above the 3 year average (3.67%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.48% | ||
| ROE | 10.03% | ||
| ROIC | 4.31% |
ROA(3y)2.28%
ROA(5y)1.93%
ROE(3y)8.98%
ROE(5y)7.59%
ROIC(3y)3.67%
ROIC(5y)3.02%
1.3 Margins
- EXC has a worse Profit Margin (11.60%) than 60.87% of its industry peers.
- In the last couple of years the Profit Margin of EXC has grown nicely.
- The Operating Margin of EXC (20.81%) is comparable to the rest of the industry.
- EXC's Operating Margin has improved in the last couple of years.
- Looking at the Gross Margin, with a value of 62.95%, EXC is in line with its industry, outperforming 52.17% 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 | 20.81% | ||
| PM (TTM) | 11.6% | ||
| GM | 62.95% |
OM growth 3Y7.75%
OM growth 5Y8.21%
PM growth 3Y3.95%
PM growth 5Y4.61%
GM growth 3Y-3.86%
GM growth 5Y1.43%
2. Health
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so EXC is destroying value.
- The number of shares outstanding for EXC has been increased compared to 1 year ago.
- EXC has more shares outstanding than it did 5 years ago.
- EXC has about the same debt/assets ratio as last year.
2.2 Solvency
- Based on the Altman-Z score of 0.76, we must say that EXC is in the distress zone and has some risk of bankruptcy.
- EXC has a Altman-Z score of 0.76. This is comparable to the rest of the industry: EXC outperforms 41.30% of its industry peers.
- A Debt/Equity ratio of 1.70 is on the high side and indicates that EXC has dependencies on debt financing.
- EXC has a worse Debt to Equity ratio (1.70) than 65.22% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.7 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.76 |
ROIC/WACC0.69
WACC6.25%
2.3 Liquidity
- A Current Ratio of 0.94 indicates that EXC may have some problems paying its short term obligations.
- With a decent Current ratio value of 0.94, EXC is doing good in the industry, outperforming 63.04% of the companies in the same industry.
- A Quick Ratio of 0.85 indicates that EXC may have some problems paying its short term obligations.
- EXC's Quick ratio of 0.85 is fine compared to the rest of the industry. EXC outperforms 67.39% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.94 | ||
| Quick Ratio | 0.85 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an nice 14.23% over the past year.
- Measured over the past years, EXC shows a decrease in Earnings Per Share. The EPS has been decreasing by -4.94% on average per year.
- The Revenue has been growing slightly by 6.07% in the past year.
- The Revenue has been decreasing by -7.73% on average over the past years.
EPS 1Y (TTM)14.23%
EPS 3Y-3.94%
EPS 5Y-4.94%
EPS Q2Q%21.13%
Revenue 1Y (TTM)6.07%
Revenue growth 3Y8.68%
Revenue growth 5Y-7.73%
Sales Q2Q%8.95%
3.2 Future
- The Earnings Per Share is expected to grow by 6.61% on average over the next years.
- EXC is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.38% yearly.
EPS Next Y9.2%
EPS Next 2Y7.11%
EPS Next 3Y6.89%
EPS Next 5Y6.61%
Revenue Next Year10.11%
Revenue Next 2Y6.78%
Revenue Next 3Y5.5%
Revenue Next 5Y4.38%
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 accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 16.01, the valuation of EXC can be described as correct.
- EXC's Price/Earnings ratio is a bit cheaper when compared to the industry. EXC is cheaper than 65.22% of the companies in the same industry.
- The average S&P500 Price/Earnings ratio is at 28.82. EXC is valued slightly cheaper when compared to this.
- EXC is valuated correctly with a Price/Forward Earnings ratio of 15.68.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of EXC indicates a somewhat cheap valuation: EXC is cheaper than 60.87% of the companies listed in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 25.95. EXC is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.01 | ||
| Fwd PE | 15.68 |
4.2 Price Multiples
- EXC's Enterprise Value to EBITDA is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 10.65 |
4.3 Compensation for Growth
- EXC's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.74
PEG (5Y)N/A
EPS Next 2Y7.11%
EPS Next 3Y6.89%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 3.59%, EXC has a reasonable but not impressive dividend return.
- Compared to an average industry Dividend Yield of 2.90, 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 | 3.59% |
5.2 History
- The dividend of EXC has a limited annual growth rate of 0.95%.
- 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)0.95%
Div Incr Years3
Div Non Decr Years10
5.3 Sustainability
- 56.50% 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.
DP56.5%
EPS Next 2Y7.11%
EPS Next 3Y6.89%
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 3 / 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 1 / 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 56.5%.