FIRSTENERGY CORP (FE) Fundamental Analysis & Valuation

NYSE:FE • US3379321074

50.8 USD
+0.23 (+0.45%)
At close: Mar 4, 2026
50.8 USD
0 (0%)
After Hours: 3/4/2026, 8:24:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This FE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

3

Taking everything into account, FE scores 3 out of 10 in our fundamental rating. FE was compared to 46 industry peers in the Electric Utilities industry. There are concerns on the financial health of FE while its profitability can be described as average. FE is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

4

1. FE Profitability Analysis

1.1 Basic Checks

  • In the past year FE was profitable.
  • FE had a positive operating cash flow in the past year.
  • In the past 5 years FE has always been profitable.
  • FE had a positive operating cash flow in each of the past 5 years.
FE Yearly Net Income VS EBIT VS OCF VS FCFFE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B -4B -6B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 1.82%, FE is doing worse than 84.78% of the companies in the same industry.
  • FE has a worse Return On Equity (8.15%) than 69.57% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 4.28%, FE is in line with its industry, outperforming 54.35% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for FE is in line with the industry average of 4.48%.
  • The last Return On Invested Capital (4.28%) for FE is above the 3 year average (4.09%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 1.82%
ROE 8.15%
ROIC 4.28%
ROA(3y)1.99%
ROA(5y)1.93%
ROE(3y)8.85%
ROE(5y)9.07%
ROIC(3y)4.09%
ROIC(5y)3.78%
FE Yearly ROA, ROE, ROICFE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -20 -40 -60 -80

1.3 Margins

  • FE has a worse Profit Margin (6.76%) than 82.61% of its industry peers.
  • In the last couple of years the Profit Margin of FE has declined.
  • FE has a Operating Margin of 18.49%. This is in the lower half of the industry: FE underperforms 65.22% of its industry peers.
  • FE's Operating Margin has been stable in the last couple of years.
  • The Gross Margin of FE (69.63%) is better than 60.87% of its industry peers.
  • FE's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 18.49%
PM (TTM) 6.76%
GM 69.63%
OM growth 3Y6.99%
OM growth 5Y-1.29%
PM growth 3Y27.53%
PM growth 5Y-7.53%
GM growth 3Y0.31%
GM growth 5Y-1.47%
FE Yearly Profit, Operating, Gross MarginsFE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40 -40 60

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0

2. FE Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), FE is destroying value.
  • FE has more shares outstanding than it did 1 year ago.
  • The number of shares outstanding for FE has been increased compared to 5 years ago.
  • Compared to 1 year ago, FE has a worse debt to assets ratio.
FE Yearly Shares OutstandingFE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M 500M
FE Yearly Total Debt VS Total AssetsFE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B 40B 50B

2.2 Solvency

  • Based on the Altman-Z score of 0.79, we must say that FE is in the distress zone and has some risk of bankruptcy.
  • FE has a Altman-Z score (0.79) which is in line with its industry peers.
  • FE has a Debt/Equity ratio of 2.06. This is a high value indicating a heavy dependency on external financing.
  • The Debt to Equity ratio of FE (2.06) is worse than 86.96% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.06
Debt/FCF N/A
Altman-Z 0.79
ROIC/WACC0.7
WACC6.1%
FE Yearly LT Debt VS Equity VS FCFFE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5B 10B 15B 20B 25B

2.3 Liquidity

  • FE has a Current Ratio of 0.57. This is a bad value and indicates that FE is not financially healthy enough and could expect problems in meeting its short term obligations.
  • FE has a worse Current ratio (0.57) than 76.09% of its industry peers.
  • A Quick Ratio of 0.46 indicates that FE may have some problems paying its short term obligations.
  • The Quick ratio of FE (0.46) is worse than 63.04% of its industry peers.
Industry RankSector Rank
Current Ratio 0.57
Quick Ratio 0.46
FE Yearly Current Assets VS Current LiabilitesFE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. FE Growth Analysis

3.1 Past

  • FE shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -3.04%.
  • Measured over the past 5 years, FE shows a small growth in Earnings Per Share. The EPS has been growing by 1.30% on average per year.
  • FE shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 12.01%.
  • The Revenue has been growing slightly by 6.94% on average over the past years.
EPS 1Y (TTM)-3.04%
EPS 3Y1.76%
EPS 5Y1.3%
EPS Q2Q%-20.9%
Revenue 1Y (TTM)12.01%
Revenue growth 3Y6.59%
Revenue growth 5Y6.94%
Sales Q2Q%19.8%

3.2 Future

  • FE is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 8.19% yearly.
  • The Revenue is expected to grow by 3.84% on average over the next years.
EPS Next Y9.89%
EPS Next 2Y8.97%
EPS Next 3Y8.41%
EPS Next 5Y8.19%
Revenue Next Year3.54%
Revenue Next 2Y3.81%
Revenue Next 3Y4.22%
Revenue Next 5Y3.84%

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 decreasing: in the next years the growth will be less than in the last years.
FE Yearly Revenue VS EstimatesFE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 5B 10B 15B
FE Yearly EPS VS EstimatesFE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 1 2 3

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2

4. FE Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 19.92, which indicates a rather expensive current valuation of FE.
  • FE's Price/Earnings ratio is in line with the industry average.
  • Compared to an average S&P500 Price/Earnings ratio of 27.03, FE is valued a bit cheaper.
  • FE is valuated rather expensively with a Price/Forward Earnings ratio of 18.13.
  • FE's Price/Forward Earnings ratio is in line with the industry average.
  • The average S&P500 Price/Forward Earnings ratio is at 25.11. FE is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 19.92
Fwd PE 18.13
FE Price Earnings VS Forward Price EarningsFE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • FE's Enterprise Value to EBITDA ratio is in line with the industry average.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 12.63
FE Per share dataFE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15 20 25

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)2.01
PEG (5Y)15.27
EPS Next 2Y8.97%
EPS Next 3Y8.41%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. FE Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 3.67%, FE has a reasonable but not impressive dividend return.
  • FE's Dividend Yield is a higher than the industry average which is at 3.15.
  • Compared to an average S&P500 Dividend Yield of 1.82, FE pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.67%

5.2 History

  • The dividend of FE has a limited annual growth rate of 2.46%.
  • FE has paid a dividend for at least 10 years, which is a reliable track record.
  • FE has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)2.46%
Div Incr Years2
Div Non Decr Years10
FE Yearly Dividends per shareFE Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5

5.3 Sustainability

  • 99.61% of the earnings are spent on dividend by FE. This is not a sustainable payout ratio.
  • The dividend of FE is growing, but earnings are growing more, so the dividend growth is sustainable.
DP99.61%
EPS Next 2Y8.97%
EPS Next 3Y8.41%
FE Yearly Income VS Free CF VS DividendFE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -2B -4B -6B
FE Dividend Payout.FE Dividend Payout, showing the Payout Ratio.FE Dividend Payout.PayoutRetained Earnings

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FE Fundamentals: All Metrics, Ratios and Statistics

FIRSTENERGY CORP

NYSE:FE (3/4/2026, 8:24:00 PM)

After market: 50.8 0 (0%)

50.8

+0.23 (+0.45%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)02-17
Earnings (Next)04-21
Inst Owners89.8%
Inst Owner Change0.81%
Ins Owners0.13%
Ins Owner Change-0.29%
Market Cap29.35B
Revenue(TTM)15.09B
Net Income(TTM)1.02B
Analysts77.6
Price Target52.5 (3.35%)
Short Float %5.13%
Short Ratio5.89
Dividend
Industry RankSector Rank
Dividend Yield 3.67%
Yearly Dividend1.76
Dividend Growth(5Y)2.46%
DP99.61%
Div Incr Years2
Div Non Decr Years10
Ex-Date05-07
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-1.13%
Min EPS beat(2)-6.6%
Max EPS beat(2)4.34%
EPS beat(4)3
Avg EPS beat(4)2.38%
Min EPS beat(4)-6.6%
Max EPS beat(4)7.84%
EPS beat(8)3
Avg EPS beat(8)-1.62%
EPS beat(12)6
Avg EPS beat(12)-1.21%
EPS beat(16)6
Avg EPS beat(16)-1.91%
Revenue beat(2)2
Avg Revenue beat(2)10.24%
Min Revenue beat(2)3.62%
Max Revenue beat(2)16.86%
Revenue beat(4)3
Avg Revenue beat(4)5.99%
Min Revenue beat(4)-1.63%
Max Revenue beat(4)16.86%
Revenue beat(8)3
Avg Revenue beat(8)-1.78%
Revenue beat(12)5
Avg Revenue beat(12)-1.5%
Revenue beat(16)9
Avg Revenue beat(16)1.59%
PT rev (1m)3.52%
PT rev (3m)3.56%
EPS NQ rev (1m)2.17%
EPS NQ rev (3m)2.33%
EPS NY rev (1m)0.05%
EPS NY rev (3m)0%
Revenue NQ rev (1m)5.68%
Revenue NQ rev (3m)5.68%
Revenue NY rev (1m)-0.14%
Revenue NY rev (3m)-0.44%
Valuation
Industry RankSector Rank
PE 19.92
Fwd PE 18.13
P/S 1.94
P/FCF N/A
P/OCF 7.93
P/B 2.35
P/tB 4.26
EV/EBITDA 12.63
EPS(TTM)2.55
EY5.02%
EPS(NY)2.8
Fwd EY5.52%
FCF(TTM)-1.74
FCFYN/A
OCF(TTM)6.41
OCFY12.61%
SpS26.12
BVpS21.66
TBVpS11.93
PEG (NY)2.01
PEG (5Y)15.27
Graham Number35.25
Profitability
Industry RankSector Rank
ROA 1.82%
ROE 8.15%
ROCE 5.51%
ROIC 4.28%
ROICexc 4.29%
ROICexgc 4.82%
OM 18.49%
PM (TTM) 6.76%
GM 69.63%
FCFM N/A
ROA(3y)1.99%
ROA(5y)1.93%
ROE(3y)8.85%
ROE(5y)9.07%
ROIC(3y)4.09%
ROIC(5y)3.78%
ROICexc(3y)4.1%
ROICexc(5y)3.81%
ROICexgc(3y)4.65%
ROICexgc(5y)4.35%
ROCE(3y)5.29%
ROCE(5y)4.87%
ROICexgc growth 3Y6.11%
ROICexgc growth 5Y-0.19%
ROICexc growth 3Y7.04%
ROICexc growth 5Y0.55%
OM growth 3Y6.99%
OM growth 5Y-1.29%
PM growth 3Y27.53%
PM growth 5Y-7.53%
GM growth 3Y0.31%
GM growth 5Y-1.47%
F-Score5
Asset Turnover0.27
Health
Industry RankSector Rank
Debt/Equity 2.06
Debt/FCF N/A
Debt/EBITDA 5.88
Cap/Depr 292.78%
Cap/Sales 31.18%
Interest Coverage 2.79
Cash Conversion 84.15%
Profit Quality N/A
Current Ratio 0.57
Quick Ratio 0.46
Altman-Z 0.79
F-Score5
WACC6.1%
ROIC/WACC0.7
Cap/Depr(3y)269.58%
Cap/Depr(5y)234.15%
Cap/Sales(3y)29.06%
Cap/Sales(5y)26.25%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-3.04%
EPS 3Y1.76%
EPS 5Y1.3%
EPS Q2Q%-20.9%
EPS Next Y9.89%
EPS Next 2Y8.97%
EPS Next 3Y8.41%
EPS Next 5Y8.19%
Revenue 1Y (TTM)12.01%
Revenue growth 3Y6.59%
Revenue growth 5Y6.94%
Sales Q2Q%19.8%
Revenue Next Year3.54%
Revenue Next 2Y3.81%
Revenue Next 3Y4.22%
Revenue Next 5Y3.84%
EBIT growth 1Y17.47%
EBIT growth 3Y14.04%
EBIT growth 5Y5.55%
EBIT Next Year67.32%
EBIT Next 3Y27.33%
EBIT Next 5Y18.6%
FCF growth 1Y11.76%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y27.98%
OCF growth 3Y11.31%
OCF growth 5Y21.06%

FIRSTENERGY CORP / FE FAQ

Can you provide the ChartMill fundamental rating for FIRSTENERGY CORP?

ChartMill assigns a fundamental rating of 3 / 10 to FE.


What is the valuation status for FE stock?

ChartMill assigns a valuation rating of 2 / 10 to FIRSTENERGY CORP (FE). This can be considered as Overvalued.


How profitable is FIRSTENERGY CORP (FE) stock?

FIRSTENERGY CORP (FE) has a profitability rating of 4 / 10.


What is the financial health of FIRSTENERGY CORP (FE) stock?

The financial health rating of FIRSTENERGY CORP (FE) is 0 / 10.


Is the dividend of FIRSTENERGY CORP sustainable?

The dividend rating of FIRSTENERGY CORP (FE) is 6 / 10 and the dividend payout ratio is 99.61%.