ALLIANT ENERGY CORP (LNT) Stock Fundamental Analysis
NASDAQ:LNT - Nasdaq - US0188021085 - Common Stock - Currency: USD
Overall LNT gets a fundamental rating of 4 out of 10. We evaluated LNT against 46 industry peers in the Electric Utilities industry. LNT has an excellent profitability rating, but there are concerns on its financial health. While showing a medium growth rate, LNT is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
LNT had positive earnings in the past year.
In the past year LNT had a positive cash flow from operations.
LNT had positive earnings in each of the past 5 years.
Each year in the past 5 years LNT had a positive operating cash flow.
1.2 Ratios
LNT's Return On Assets of 3.04% is fine compared to the rest of the industry. LNT outperforms 76.09% of its industry peers.
LNT's Return On Equity of 9.85% is fine compared to the rest of the industry. LNT outperforms 71.74% of its industry peers.
With a Return On Invested Capital value of 3.64%, LNT perfoms like the industry average, outperforming 47.83% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for LNT is in line with the industry average of 4.69%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.04% | ||
| ROE | 9.85% | ||
| ROIC | 3.64% |
ROA(3y)3.25%
ROA(5y)3.35%
ROE(3y)10.39%
ROE(5y)10.52%
ROIC(3y)3.82%
ROIC(5y)3.72%
1.3 Margins
With an excellent Profit Margin value of 17.33%, LNT belongs to the best of the industry, outperforming 91.30% of the companies in the same industry.
LNT's Profit Margin has improved in the last couple of years.
LNT has a Operating Margin of 23.76%. This is in the better half of the industry: LNT outperforms 71.74% of its industry peers.
LNT's Operating Margin has improved in the last couple of years.
LNT has a better Gross Margin (94.37%) than 100.00% of its industry peers.
In the last couple of years the Gross Margin of LNT has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 23.76% | ||
| PM (TTM) | 17.33% | ||
| GM | 94.37% |
OM growth 3Y3.12%
OM growth 5Y2.19%
PM growth 3Y-1.18%
PM growth 5Y2.56%
GM growth 3Y0.5%
GM growth 5Y0.1%
2. Health
2.1 Basic Checks
LNT has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for LNT has been increased compared to 1 year ago.
LNT has more shares outstanding than it did 5 years ago.
LNT has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.07, we must say that LNT is in the distress zone and has some risk of bankruptcy.
LNT has a better Altman-Z score (1.07) than 78.26% of its industry peers.
LNT has a Debt/Equity ratio of 1.32. This is a high value indicating a heavy dependency on external financing.
LNT has a Debt to Equity ratio of 1.32. This is in the better half of the industry: LNT outperforms 67.39% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.32 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.07 |
ROIC/WACC0.53
WACC6.83%
2.3 Liquidity
A Current Ratio of 0.44 indicates that LNT may have some problems paying its short term obligations.
The Current ratio of LNT (0.44) is worse than 78.26% of its industry peers.
A Quick Ratio of 0.33 indicates that LNT may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.33, LNT is doing worse than 71.74% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.44 | ||
| Quick Ratio | 0.33 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 3.55% over the past year.
Measured over the past 5 years, LNT shows a small growth in Earnings Per Share. The EPS has been growing by 4.62% on average per year.
The Revenue has decreased by -1.14% in the past year.
LNT shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.76% yearly.
EPS 1Y (TTM)3.55%
EPS 3Y3.68%
EPS 5Y4.62%
EPS Q2Q%20.83%
Revenue 1Y (TTM)-1.14%
Revenue growth 3Y2.76%
Revenue growth 5Y1.76%
Sales Q2Q%1.56%
3.2 Future
LNT is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 8.05% yearly.
LNT is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.99% yearly.
EPS Next Y11.24%
EPS Next 2Y9%
EPS Next 3Y8.19%
EPS Next 5Y8.05%
Revenue Next Year0.99%
Revenue Next 2Y2.41%
Revenue Next 3Y2.89%
Revenue Next 5Y4.99%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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
With a Price/Earnings ratio of 20.97, LNT is valued on the expensive side.
LNT's Price/Earnings ratio is in line with the industry average.
The average S&P500 Price/Earnings ratio is at 28.33. LNT is valued slightly cheaper when compared to this.
A Price/Forward Earnings ratio of 18.85 indicates a rather expensive valuation of LNT.
LNT's Price/Forward Earnings ratio is in line with the industry average.
LNT's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 21.37.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.97 | ||
| Fwd PE | 18.85 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, LNT is valued a bit more expensive than the industry average as 63.04% of the companies are valued more cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 14.81 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates LNT does not grow enough to justify the current Price/Earnings ratio.
The decent profitability rating of LNT may justify a higher PE ratio.
PEG (NY)1.87
PEG (5Y)4.54
EPS Next 2Y9%
EPS Next 3Y8.19%
5. Dividend
5.1 Amount
LNT has a Yearly Dividend Yield of 3.34%.
Compared to an average industry Dividend Yield of 3.47, LNT has a dividend in line with its industry peers.
LNT's Dividend Yield is a higher than the S&P500 average which is at 2.51.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.34% |
5.2 History
On average, the dividend of LNT grows each year by 6.44%, which is quite nice.
LNT has been paying a dividend for at least 10 years, so it has a reliable track record.
LNT has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)6.44%
Div Incr Years21
Div Non Decr Years21
5.3 Sustainability
LNT pays out 71.30% of its income as dividend. This is not a sustainable payout ratio.
The dividend of LNT is growing, but earnings are growing more, so the dividend growth is sustainable.
DP71.3%
EPS Next 2Y9%
EPS Next 3Y8.19%
61.23
+0.2 (+0.33%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)
Earnings (Next)
Inst Owners84.01%
Inst Owner Change1.1%
Ins Owners0.21%
Ins Owner Change5.89%
Market Cap15.73B
Analysts72.22
Price Target66.35 (8.36%)
Short Float %3.35%
Short Ratio4.66
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.34% |
Yearly Dividend1.92
Dividend Growth(5Y)6.44%
DP71.3%
Div Incr Years21
Div Non Decr Years21
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-6%
Min EPS beat(2)-15.65%
Max EPS beat(2)3.65%
EPS beat(4)1
Avg EPS beat(4)-6.2%
Min EPS beat(4)-15.65%
Max EPS beat(4)3.65%
EPS beat(8)3
Avg EPS beat(8)-3.43%
EPS beat(12)5
Avg EPS beat(12)-2.04%
EPS beat(16)7
Avg EPS beat(16)-1.37%
Revenue beat(2)1
Avg Revenue beat(2)5.26%
Min Revenue beat(2)-0.55%
Max Revenue beat(2)11.06%
Revenue beat(4)1
Avg Revenue beat(4)1.28%
Min Revenue beat(4)-4.09%
Max Revenue beat(4)11.06%
Revenue beat(8)2
Avg Revenue beat(8)-2.45%
Revenue beat(12)5
Avg Revenue beat(12)1.62%
Revenue beat(16)8
Avg Revenue beat(16)5.6%
PT rev (1m)1.81%
PT rev (3m)2.83%
EPS NQ rev (1m)-7.1%
EPS NQ rev (3m)-5.75%
EPS NY rev (1m)0.07%
EPS NY rev (3m)-0.41%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)22.64%
Revenue NY rev (1m)2.41%
Revenue NY rev (3m)-1.74%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.97 | ||
| Fwd PE | 18.85 | ||
| P/S | 3.95 | ||
| P/FCF | N/A | ||
| P/OCF | 13.48 | ||
| P/B | 2.25 | ||
| P/tB | 2.25 | ||
| EV/EBITDA | 14.81 |
EPS(TTM)2.92
EY4.77%
EPS(NY)3.25
Fwd EY5.3%
FCF(TTM)-3.45
FCFYN/A
OCF(TTM)4.54
OCFY7.42%
SpS15.5
BVpS27.27
TBVpS27.27
PEG (NY)1.87
PEG (5Y)4.54
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.04% | ||
| ROE | 9.85% | ||
| ROCE | 4.73% | ||
| ROIC | 3.64% | ||
| ROICexc | 3.65% | ||
| ROICexgc | 3.65% | ||
| OM | 23.76% | ||
| PM (TTM) | 17.33% | ||
| GM | 94.37% | ||
| FCFM | N/A |
ROA(3y)3.25%
ROA(5y)3.35%
ROE(3y)10.39%
ROE(5y)10.52%
ROIC(3y)3.82%
ROIC(5y)3.72%
ROICexc(3y)3.83%
ROICexc(5y)3.73%
ROICexgc(3y)3.83%
ROICexgc(5y)3.73%
ROCE(3y)4.97%
ROCE(5y)4.85%
ROICexcg growth 3Y-0.45%
ROICexcg growth 5Y-2.32%
ROICexc growth 3Y-0.45%
ROICexc growth 5Y-2.32%
OM growth 3Y3.12%
OM growth 5Y2.19%
PM growth 3Y-1.18%
PM growth 5Y2.56%
GM growth 3Y0.5%
GM growth 5Y0.1%
F-Score5
Asset Turnover0.18
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.32 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 5.38 | ||
| Cap/Depr | 265.8% | ||
| Cap/Sales | 51.53% | ||
| Interest Coverage | 2.18 | ||
| Cash Conversion | 67.93% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.44 | ||
| Quick Ratio | 0.33 | ||
| Altman-Z | 1.07 |
F-Score5
WACC6.83%
ROIC/WACC0.53
Cap/Depr(3y)243.11%
Cap/Depr(5y)220.49%
Cap/Sales(3y)42.54%
Cap/Sales(5y)38.93%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)3.55%
EPS 3Y3.68%
EPS 5Y4.62%
EPS Q2Q%20.83%
EPS Next Y11.24%
EPS Next 2Y9%
EPS Next 3Y8.19%
EPS Next 5Y8.05%
Revenue 1Y (TTM)-1.14%
Revenue growth 3Y2.76%
Revenue growth 5Y1.76%
Sales Q2Q%1.56%
Revenue Next Year0.99%
Revenue Next 2Y2.41%
Revenue Next 3Y2.89%
Revenue Next 5Y4.99%
EBIT growth 1Y0.21%
EBIT growth 3Y5.97%
EBIT growth 5Y4%
EBIT Next Year80.37%
EBIT Next 3Y30.28%
EBIT Next 5Y20.84%
FCF growth 1Y-2.43%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y34.6%
OCF growth 3Y26.1%
OCF growth 5Y12.06%