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OGE ENERGY CORP (OGE) Stock Fundamental Analysis

NYSE:OGE - New York Stock Exchange, Inc. - US6708371033 - Common Stock - Currency: USD

43.4  +0.56 (+1.31%)

After market: 43.4 0 (0%)

Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to OGE. OGE was compared to 46 industry peers in the Electric Utilities industry. OGE has a medium profitability rating, but doesn't score so well on its financial health evaluation. OGE does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

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5

1. Profitability

1.1 Basic Checks

OGE had positive earnings in the past year.
OGE had a positive operating cash flow in the past year.
Of the past 5 years OGE 4 years were profitable.
Of the past 5 years OGE 4 years had a positive operating cash flow.
OGE Yearly Net Income VS EBIT VS OCF VS FCFOGE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 500M -500M 1B -1B

1.2 Ratios

OGE has a Return On Assets (2.88%) which is in line with its industry peers.
The Return On Equity of OGE (8.40%) is worse than 72.97% of its industry peers.
OGE has a better Return On Invested Capital (4.49%) than 86.49% of its industry peers.
The Average Return On Invested Capital over the past 3 years for OGE is in line with the industry average of 4.60%.
Industry RankSector Rank
ROA 2.88%
ROE 8.4%
ROIC 4.49%
ROA(3y)4.8%
ROA(5y)3.35%
ROE(3y)14.17%
ROE(5y)9.64%
ROIC(3y)4.58%
ROIC(5y)4.47%
OGE Yearly ROA, ROE, ROICOGE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 5 10 15

1.3 Margins

Looking at the Profit Margin, with a value of 13.89%, OGE is in line with its industry, outperforming 54.05% of the companies in the same industry.
OGE's Profit Margin has declined in the last couple of years.
OGE has a Operating Margin of 23.62%. This is in the better half of the industry: OGE outperforms 70.27% of its industry peers.
OGE's Operating Margin has improved in the last couple of years.
The Gross Margin of OGE (65.19%) is comparable to the rest of the industry.
In the last couple of years the Gross Margin of OGE has grown nicely.
Industry RankSector Rank
OM 23.62%
PM (TTM) 13.89%
GM 65.19%
OM growth 3Y-0.4%
OM growth 5Y2.43%
PM growth 3YN/A
PM growth 5Y-3.62%
GM growth 3Y-1.81%
GM growth 5Y1.66%
OGE Yearly Profit, Operating, Gross MarginsOGE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20 40 60

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1

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so OGE is destroying value.
Compared to 1 year ago, OGE has about the same amount of shares outstanding.
OGE has about the same amout of shares outstanding than it did 5 years ago.
The debt/assets ratio for OGE is higher compared to a year ago.
OGE Yearly Shares OutstandingOGE Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M
OGE Yearly Total Debt VS Total AssetsOGE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2B 4B 6B 8B 10B

2.2 Solvency

Based on the Altman-Z score of 1.30, we must say that OGE is in the distress zone and has some risk of bankruptcy.
OGE has a Altman-Z score of 1.30. This is in the better half of the industry: OGE outperforms 78.38% of its industry peers.
A Debt/Equity ratio of 1.13 is on the high side and indicates that OGE has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 1.13, OGE is in the better half of the industry, outperforming 70.27% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.13
Debt/FCF N/A
Altman-Z 1.3
ROIC/WACC0.62
WACC7.24%
OGE Yearly LT Debt VS Equity VS FCFOGE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 1B -1B 2B 3B 4B

2.3 Liquidity

A Current Ratio of 0.86 indicates that OGE may have some problems paying its short term obligations.
The Current ratio of OGE (0.86) is worse than 62.16% of its industry peers.
A Quick Ratio of 0.51 indicates that OGE may have some problems paying its short term obligations.
OGE has a worse Quick ratio (0.51) than 75.68% of its industry peers.
Industry RankSector Rank
Current Ratio 0.86
Quick Ratio 0.51
OGE Yearly Current Assets VS Current LiabilitesOGE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B 1.5B

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3

3. Growth

3.1 Past

The earnings per share for OGE have decreased by -7.21% in the last year.
OGE shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -0.38% yearly.
OGE shows a decrease in Revenue. In the last year, the revenue decreased by -0.99%.
Measured over the past years, OGE shows a small growth in Revenue. The Revenue has been growing by 3.33% on average per year.
EPS 1Y (TTM)-7.21%
EPS 3Y-12.41%
EPS 5Y-0.38%
EPS Q2Q%-9.17%
Revenue 1Y (TTM)-0.99%
Revenue growth 3Y8.01%
Revenue growth 5Y3.33%
Sales Q2Q%2.12%

3.2 Future

The Earnings Per Share is expected to grow by 5.96% on average over the next years.
OGE is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 0.17% yearly.
EPS Next Y6.07%
EPS Next 2Y5.33%
EPS Next 3Y5.68%
EPS Next 5Y5.96%
Revenue Next Year-15.63%
Revenue Next 2Y-5.82%
Revenue Next 3Y-2.75%
Revenue Next 5Y0.17%

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.
OGE Yearly Revenue VS EstimatesOGE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 1B 2B 3B
OGE Yearly EPS VS EstimatesOGE Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 1 2 3

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2

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 22.49 indicates a rather expensive valuation of OGE.
Based on the Price/Earnings ratio, OGE is valued a bit more expensive than 78.38% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 29.39. OGE is valued slightly cheaper when compared to this.
The Price/Forward Earnings ratio is 18.90, which indicates a rather expensive current valuation of OGE.
64.86% of the companies in the same industry are cheaper than OGE, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of OGE to the average of the S&P500 Index (94.38), we can say OGE is valued rather cheaply.
Industry RankSector Rank
PE 22.49
Fwd PE 18.9
OGE Price Earnings VS Forward Price EarningsOGE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, OGE is valued a bit cheaper than the industry average as 62.16% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 11.41
OGE Per share dataOGE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15 20

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)3.7
PEG (5Y)N/A
EPS Next 2Y5.33%
EPS Next 3Y5.68%

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6

5. Dividend

5.1 Amount

OGE has a Yearly Dividend Yield of 3.96%.
OGE's Dividend Yield is a higher than the industry average which is at 3.59.
OGE's Dividend Yield is rather good when compared to the S&P500 average which is at 2.30.
Industry RankSector Rank
Dividend Yield 3.96%

5.2 History

The dividend of OGE has a limited annual growth rate of 4.10%.
OGE has paid a dividend for at least 10 years, which is a reliable track record.
OGE has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)4.1%
Div Incr Years17
Div Non Decr Years33
OGE Yearly Dividends per shareOGE Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5 2

5.3 Sustainability

OGE pays out 87.08% of its income as dividend. This is not a sustainable payout ratio.
The dividend of OGE is growing, but earnings are growing more, so the dividend growth is sustainable.
DP87.08%
EPS Next 2Y5.33%
EPS Next 3Y5.68%
OGE Yearly Income VS Free CF VS DividendOGE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 500M -500M -1B
OGE Dividend Payout.OGE Dividend Payout, showing the Payout Ratio.OGE Dividend Payout.PayoutRetained Earnings

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OGE ENERGY CORP

NYSE:OGE (2/11/2025, 8:04:00 PM)

After market: 43.4 0 (0%)

43.4

+0.56 (+1.31%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)11-05 2024-11-05/bmo
Earnings (Next)02-19 2025-02-19/amc
Inst Owners72.64%
Inst Owner Change-13.06%
Ins Owners0.4%
Ins Owner Change-2.1%
Market Cap8.72B
Analysts70
Price Target43.15 (-0.58%)
Short Float %2.21%
Short Ratio4.67
Dividend
Industry RankSector Rank
Dividend Yield 3.96%
Yearly Dividend1.66
Dividend Growth(5Y)4.1%
DP87.08%
Div Incr Years17
Div Non Decr Years33
Ex-Date01-06 2025-01-06 (0.42125)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)3.07%
Min EPS beat(2)-4.03%
Max EPS beat(2)10.17%
EPS beat(4)2
Avg EPS beat(4)0.6%
Min EPS beat(4)-21.37%
Max EPS beat(4)17.64%
EPS beat(8)5
Avg EPS beat(8)129.92%
EPS beat(12)8
Avg EPS beat(12)126.27%
EPS beat(16)12
Avg EPS beat(16)97.48%
Revenue beat(2)0
Avg Revenue beat(2)-6.99%
Min Revenue beat(2)-12.64%
Max Revenue beat(2)-1.34%
Revenue beat(4)0
Avg Revenue beat(4)-18.09%
Min Revenue beat(4)-43.13%
Max Revenue beat(4)-1.34%
Revenue beat(8)0
Avg Revenue beat(8)-19.25%
Revenue beat(12)2
Avg Revenue beat(12)-4.81%
Revenue beat(16)4
Avg Revenue beat(16)9.9%
PT rev (1m)2.92%
PT rev (3m)4.19%
EPS NQ rev (1m)1.97%
EPS NQ rev (3m)6.99%
EPS NY rev (1m)0.18%
EPS NY rev (3m)0.84%
Revenue NQ rev (1m)4.19%
Revenue NQ rev (3m)1.76%
Revenue NY rev (1m)1.16%
Revenue NY rev (3m)-0.31%
Valuation
Industry RankSector Rank
PE 22.49
Fwd PE 18.9
P/S 3.12
P/FCF N/A
P/OCF 8.18
P/B 1.89
P/tB 1.89
EV/EBITDA 11.41
EPS(TTM)1.93
EY4.45%
EPS(NY)2.3
Fwd EY5.29%
FCF(TTM)-0.13
FCFYN/A
OCF(TTM)5.31
OCFY12.23%
SpS13.89
BVpS22.98
TBVpS22.98
PEG (NY)3.7
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 2.88%
ROE 8.4%
ROCE 5.3%
ROIC 4.49%
ROICexc 4.5%
ROICexgc 4.5%
OM 23.62%
PM (TTM) 13.89%
GM 65.19%
FCFM N/A
ROA(3y)4.8%
ROA(5y)3.35%
ROE(3y)14.17%
ROE(5y)9.64%
ROIC(3y)4.58%
ROIC(5y)4.47%
ROICexc(3y)4.6%
ROICexc(5y)4.48%
ROICexgc(3y)4.6%
ROICexgc(5y)4.48%
ROCE(3y)5.46%
ROCE(5y)5.29%
ROICexcg growth 3Y1.32%
ROICexcg growth 5Y1.42%
ROICexc growth 3Y1.32%
ROICexc growth 5Y1.42%
OM growth 3Y-0.4%
OM growth 5Y2.43%
PM growth 3YN/A
PM growth 5Y-3.62%
GM growth 3Y-1.81%
GM growth 5Y1.66%
F-Score5
Asset Turnover0.21
Health
Industry RankSector Rank
Debt/Equity 1.13
Debt/FCF N/A
Debt/EBITDA 4.38
Cap/Depr 203.33%
Cap/Sales 39.15%
Interest Coverage 250
Cash Conversion 89.12%
Profit Quality N/A
Current Ratio 0.86
Quick Ratio 0.51
Altman-Z 1.3
F-Score5
WACC7.24%
ROIC/WACC0.62
Cap/Depr(3y)215.91%
Cap/Depr(5y)198.6%
Cap/Sales(3y)32.17%
Cap/Sales(5y)31.12%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-7.21%
EPS 3Y-12.41%
EPS 5Y-0.38%
EPS Q2Q%-9.17%
EPS Next Y6.07%
EPS Next 2Y5.33%
EPS Next 3Y5.68%
EPS Next 5Y5.96%
Revenue 1Y (TTM)-0.99%
Revenue growth 3Y8.01%
Revenue growth 5Y3.33%
Sales Q2Q%2.12%
Revenue Next Year-15.63%
Revenue Next 2Y-5.82%
Revenue Next 3Y-2.75%
Revenue Next 5Y0.17%
EBIT growth 1Y2.07%
EBIT growth 3Y7.58%
EBIT growth 5Y5.84%
EBIT Next Year92.92%
EBIT Next 3Y30.15%
EBIT Next 5Y20.11%
FCF growth 1Y-232.16%
FCF growth 3Y-4.6%
FCF growth 5Y-32.2%
OCF growth 1Y12.44%
OCF growth 3Y20.02%
OCF growth 5Y5.32%