P G & E CORP (PCG)
US69331C1080 - Common Stock
We assign a fundamental rating of 4 out of 10 to PCG. PCG was compared to 46 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 is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year PCG was profitable.
PCG had a positive operating cash flow in the past year.
In multiple years PCG reported negative net income over the last 5 years.
PCG had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
PCG's Return On Assets of 2.08% is on the low side compared to the rest of the industry. PCG is outperformed by 68.18% of its industry peers.
PCG has a Return On Equity of 10.24%. This is in the better half of the industry: PCG outperforms 70.45% of its industry peers.
Looking at the Return On Invested Capital, with a value of 3.47%, PCG is doing worse than 68.18% 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 4.73%.
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
PCG has a Profit Margin (11.06%) which is in line with its industry peers.
PCG has a Operating Margin (20.75%) which is in line with its industry peers.
In the last couple of years the Operating Margin of PCG has grown nicely.
Looking at the Gross Margin, with a value of 85.70%, PCG belongs to the top of the industry, outperforming 81.82% of the companies in the same industry.
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
PCG 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 PCG has been increased compared to 1 year ago.
PCG has more shares outstanding than it did 5 years ago.
The debt/assets ratio for PCG is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.59, we must say that PCG is in the distress zone and has some risk of bankruptcy.
PCG has a worse Altman-Z score (0.59) than 79.55% 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.
PCG has a worse Debt to Equity ratio (2.12) than 90.91% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.12 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.59 |
ROIC/WACC0.55
WACC6.26%
2.3 Liquidity
PCG has a Current Ratio of 1.04. This is a normal value and indicates that PCG is financially healthy and should not expect problems in meeting its short term obligations.
PCG has a Current ratio (1.04) which is in line with its industry peers.
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 61.36% 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.
Measured over the past years, PCG shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -21.01% on average per year.
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
PCG is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.72% yearly.
Based on estimates for the next years, PCG will show a small growth in Revenue. The Revenue will grow by 3.01% on average per year.
EPS Next Y11.89%
EPS Next 2Y10.61%
EPS Next 3Y10.1%
EPS Next 5Y9.72%
Revenue Next Year4.78%
Revenue Next 2Y4.46%
Revenue Next 3Y4.08%
Revenue Next 5Y3.01%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 13.24, which indicates a correct valuation of PCG.
Compared to the rest of the industry, the Price/Earnings ratio of PCG is on the same level as its industry peers.
Compared to an average S&P500 Price/Earnings ratio of 27.18, PCG is valued rather cheaply.
PCG is valuated correctly with a Price/Forward Earnings ratio of 13.38.
PCG's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. PCG is cheaper than 61.36% of the companies in the same industry.
PCG's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 23.59.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.24 | ||
| Fwd PE | 13.38 |
4.2 Price Multiples
PCG's Enterprise Value to EBITDA is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 12.07 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.11
PEG (5Y)N/A
EPS Next 2Y10.61%
EPS Next 3Y10.1%
5. Dividend
5.1 Amount
With a yearly dividend of 0.27%, PCG is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.59, PCG's dividend is way lower than its industry peers. On top of this 84.09% of the companies listed in the same industry pay a better dividend than PCG!
Compared to an average S&P500 Dividend Yield of 2.30, PCG's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.27% |
5.2 History
PCG has been paying a dividend for at least 10 years, so it has a reliable track record.
PCG has decreased its dividend recently.
Dividend Growth(5Y)N/A
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
DPN/A
EPS Next 2Y10.61%
EPS Next 3Y10.1%
P G & E CORP
NYSE:PCG (12/30/2024, 8:04:00 PM)
After market: 20.13 0 (0%)20.13
-0.01 (-0.05%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)
Earnings (Next)
Inst Owners77.8%
Inst Owner Change-5.98%
Ins Owners0.13%
Ins Owner Change-0.05%
Market Cap53.77B
Analysts80
Price Target24.37 (21.06%)
Short Float %1.24%
Short Ratio2.24
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.27% |
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)6.72%
Min EPS beat(2)1.75%
Max EPS beat(2)11.69%
EPS beat(4)4
Avg EPS beat(4)5.48%
Min EPS beat(4)1.75%
Max EPS beat(4)11.69%
EPS beat(8)4
Avg EPS beat(8)-1.18%
EPS beat(12)6
Avg EPS beat(12)1.19%
EPS beat(16)6
Avg EPS beat(16)-1.26%
Revenue beat(2)1
Avg Revenue beat(2)-5.4%
Min Revenue beat(2)-11%
Max Revenue beat(2)0.2%
Revenue beat(4)2
Avg Revenue beat(4)-0.11%
Min Revenue beat(4)-12.05%
Max Revenue beat(4)22.39%
Revenue beat(8)4
Avg Revenue beat(8)0.33%
Revenue beat(12)5
Avg Revenue beat(12)-1.34%
Revenue beat(16)7
Avg Revenue beat(16)-1.22%
PT rev (1m)2.55%
PT rev (3m)8.33%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-21.8%
EPS NY rev (1m)0.09%
EPS NY rev (3m)0.38%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)6.59%
Revenue NY rev (1m)1.36%
Revenue NY rev (3m)-0.94%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.24 | ||
| Fwd PE | 13.38 | ||
| P/S | 2.17 | ||
| P/FCF | N/A | ||
| P/OCF | 8.17 | ||
| P/B | 2 | ||
| P/tB | 2 | ||
| EV/EBITDA | 12.07 |
EPS(TTM)1.52
EY7.55%
EPS(NY)1.5
Fwd EY7.48%
FCF(TTM)-1.34
FCFYN/A
OCF(TTM)2.46
OCFY12.24%
SpS9.29
BVpS10.05
TBVpS10.05
PEG (NY)1.11
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.08% | ||
| ROE | 10.24% | ||
| ROCE | 4.46% | ||
| ROIC | 3.47% | ||
| ROICexc | 3.49% | ||
| ROICexgc | 3.49% | ||
| OM | 20.75% | ||
| PM (TTM) | 11.06% | ||
| GM | 85.7% | ||
| FCFM | N/A |
ROA(3y)1.07%
ROA(5y)-1.43%
ROE(3y)5.45%
ROE(5y)-27.8%
ROIC(3y)2.23%
ROIC(5y)2.05%
ROICexc(3y)2.24%
ROICexc(5y)2.06%
ROICexgc(3y)2.24%
ROICexgc(5y)2.06%
ROCE(3y)2.9%
ROCE(5y)2.66%
ROICexcg growth 3Y2.19%
ROICexcg growth 5Y-11.96%
ROICexc growth 3Y2.19%
ROICexc growth 5Y-11.96%
OM growth 3Y1.06%
OM growth 5Y1.81%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.63%
GM growth 5Y2.51%
F-Score8
Asset Turnover0.19
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.12 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 6.21 | ||
| Cap/Depr | 254.68% | ||
| Cap/Sales | 40.9% | ||
| Interest Coverage | 2.28 | ||
| Cash Conversion | 72% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.04 | ||
| Quick Ratio | 0.99 | ||
| Altman-Z | 0.59 |
F-Score8
WACC6.26%
ROIC/WACC0.55
Cap/Depr(3y)244.79%
Cap/Depr(5y)230.26%
Cap/Sales(3y)40.41%
Cap/Sales(5y)39.94%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)49.02%
EPS 3Y-19.41%
EPS 5Y-21.01%
EPS Q2Q%54.17%
EPS Next Y11.89%
EPS Next 2Y10.61%
EPS Next 3Y10.1%
EPS Next 5Y9.72%
Revenue 1Y (TTM)9.1%
Revenue growth 3Y9.77%
Revenue growth 5Y7.83%
Sales Q2Q%0.9%
Revenue Next Year4.78%
Revenue Next 2Y4.46%
Revenue Next 3Y4.08%
Revenue Next 5Y3.01%
EBIT growth 1Y124.49%
EBIT growth 3Y10.93%
EBIT growth 5Y9.78%
EBIT Next Year107.92%
EBIT Next 3Y35.96%
EBIT Next 5Y25.02%
FCF growth 1Y46.74%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y125.27%
OCF growth 3YN/A
OCF growth 5Y-0.02%