P G & E CORP (PCG)
US69331C1080 - Common Stock
We assign a fundamental rating of 3 out of 10 to PCG. PCG was compared to 47 industry peers in the Electric Utilities industry. While PCG is still in line with the averages on profitability rating, there are concerns on its financial health. PCG has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year PCG was profitable.
In the past year PCG had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: PCG reported negative net income in multiple years.
Of the past 5 years PCG 4 years had a positive operating cash flow.
1.2 Ratios
The Return On Assets of PCG (2.08%) is worse than 71.11% of its industry peers.
PCG has a better Return On Equity (10.24%) than 68.89% of its industry peers.
Looking at the Return On Invested Capital, with a value of 3.47%, PCG is doing worse than 66.67% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for PCG is below the industry average of 4.67%.
The 3 year average ROIC (2.23%) for PCG is below the current ROIC(3.47%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.08% | ||
| ROE | 10.24% | ||
| ROIC | 3.47% |
ROA(3y)1.07%
ROA(5y)-1.43%
ROE(3y)5.45%
ROE(5y)-27.8%
ROIC(3y)2.23%
ROIC(5y)2.05%
1.3 Margins
The Profit Margin of PCG (11.06%) is worse than 60.00% of its industry peers.
PCG's Operating Margin of 20.75% is in line compared to the rest of the industry. PCG outperforms 55.56% of its industry peers.
In the last couple of years the Operating Margin of PCG has grown nicely.
PCG's Gross Margin of 85.70% is amongst the best of the industry. PCG outperforms 82.22% of its industry peers.
PCG's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 20.75% | ||
| PM (TTM) | 11.06% | ||
| GM | 85.7% |
OM growth 3Y1.06%
OM growth 5Y1.81%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.63%
GM growth 5Y2.51%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), PCG is destroying value.
Compared to 1 year ago, PCG has more shares outstanding
PCG has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, PCG has a worse debt to assets ratio.
2.2 Solvency
PCG has an Altman-Z score of 0.60. This is a bad value and indicates that PCG is not financially healthy and even has some risk of bankruptcy.
PCG's Altman-Z score of 0.60 is on the low side compared to the rest of the industry. PCG is outperformed by 77.78% of its industry peers.
A Debt/Equity ratio of 2.12 is on the high side and indicates that PCG has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 2.12, PCG is doing worse than 91.11% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.12 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.6 |
ROIC/WACC0.56
WACC6.2%
2.3 Liquidity
A Current Ratio of 1.04 indicates that PCG should not have too much problems paying its short term obligations.
With a Current ratio value of 1.04, PCG perfoms like the industry average, outperforming 55.56% of the companies in the same industry.
A Quick Ratio of 0.99 indicates that PCG may have some problems paying its short term obligations.
With a decent Quick ratio value of 0.99, PCG is doing good in the industry, outperforming 62.22% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.04 | ||
| Quick Ratio | 0.99 |
3. Growth
3.1 Past
PCG shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 49.02%, which is quite impressive.
PCG shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -21.01% yearly.
PCG shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 9.10%.
Measured over the past years, PCG shows a small growth in Revenue. The Revenue has been growing by 7.83% on average per year.
EPS 1Y (TTM)49.02%
EPS 3Y-19.41%
EPS 5Y-21.01%
EPS Q2Q%54.17%
Revenue 1Y (TTM)9.1%
Revenue growth 3Y9.77%
Revenue growth 5Y7.83%
Sales Q2Q%0.9%
3.2 Future
Based on estimates for the next years, PCG will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.25% on average per year.
PCG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.97% yearly.
EPS Next Y11.52%
EPS Next 2Y10.15%
EPS Next 3Y9.67%
EPS Next 5Y9.25%
Revenue Next Year5.68%
Revenue Next 2Y4.62%
Revenue Next 3Y4.01%
Revenue Next 5Y2.97%
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 decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 13.97, which indicates a correct valuation of PCG.
64.44% of the companies in the same industry are more expensive than PCG, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 28.96. PCG is valued rather cheaply when compared to this.
Based on the Price/Forward Earnings ratio of 14.23, the valuation of PCG can be described as correct.
Based on the Price/Forward Earnings ratio, PCG is valued a bit cheaper than the industry average as 64.44% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of PCG to the average of the S&P500 Index (23.82), we can say PCG is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.97 | ||
| Fwd PE | 14.23 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of PCG is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 12.23 |
4.3 Compensation for Growth
PCG's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.21
PEG (5Y)N/A
EPS Next 2Y10.15%
EPS Next 3Y9.67%
5. Dividend
5.1 Amount
With a yearly dividend of 0.19%, PCG is not a good candidate for dividend investing.
With a Dividend Yield of 0.19, PCG pays less dividend than the industry average, which is at 3.44. 84.44% of the companies listed in the same industry pay a better dividend than PCG!
Compared to an average S&P500 Dividend Yield of 2.23, PCG's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.19% |
5.2 History
PCG has been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of PCG decreased recently.
Dividend Growth(5Y)N/A
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
DPN/A
EPS Next 2Y10.15%
EPS Next 3Y9.67%
P G & E CORP
NYSE:PCG (11/21/2024, 7:00:00 PM)
After market: 21.23 0 (0%)21.23
+0.13 (+0.62%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap55.52B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.19% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
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EPS beat(8)
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EPS beat(16)
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Revenue beat(2)
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PT rev (1m)
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EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.97 | ||
| Fwd PE | 14.23 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)1.21
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.08% | ||
| ROE | 10.24% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 20.75% | ||
| PM (TTM) | 11.06% | ||
| GM | 85.7% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.19
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.12 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.04 | ||
| Quick Ratio | 0.99 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)49.02%
EPS 3Y-19.41%
EPS 5Y
EPS Q2Q%
EPS Next Y11.52%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)9.1%
Revenue growth 3Y9.77%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y