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XCEL ENERGY INC (XEL) Stock Fundamental Analysis

NASDAQ:XEL - Nasdaq - US98389B1008 - Common Stock - Currency: USD

71.55  +0.16 (+0.22%)

Premarket: 71.04 -0.51 (-0.71%)

Fundamental Rating

4

XEL gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 46 industry peers in the Electric Utilities industry. While XEL is still in line with the averages on profitability rating, there are concerns on its financial health. While showing a medium growth rate, XEL is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

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6

1. Profitability

1.1 Basic Checks

In the past year XEL was profitable.
In the past year XEL had a positive cash flow from operations.
In the past 5 years XEL has always been profitable.
XEL had a positive operating cash flow in each of the past 5 years.
XEL Yearly Net Income VS EBIT VS OCF VS FCFXEL 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 2024 0 2B -2B 4B

1.2 Ratios

XEL has a Return On Assets of 2.76%. This is in the better half of the industry: XEL outperforms 60.87% of its industry peers.
XEL's Return On Equity of 9.92% is fine compared to the rest of the industry. XEL outperforms 73.91% of its industry peers.
XEL has a Return On Invested Capital of 2.93%. This is in the lower half of the industry: XEL underperforms 73.91% of its industry peers.
The Average Return On Invested Capital over the past 3 years for XEL is in line with the industry average of 4.69%.
Industry RankSector Rank
ROA 2.76%
ROE 9.92%
ROIC 2.93%
ROA(3y)2.79%
ROA(5y)2.77%
ROE(3y)10.13%
ROE(5y)10.14%
ROIC(3y)3.27%
ROIC(5y)3.27%
XEL Yearly ROA, ROE, ROICXEL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8 10

1.3 Margins

XEL has a Profit Margin of 14.40%. This is in the better half of the industry: XEL outperforms 63.04% of its industry peers.
In the last couple of years the Profit Margin of XEL has grown nicely.
The Operating Margin of XEL (17.75%) is comparable to the rest of the industry.
In the last couple of years the Operating Margin of XEL has remained more or less at the same level.
XEL's Gross Margin of 92.82% is amongst the best of the industry. XEL outperforms 97.83% of its industry peers.
XEL's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 17.75%
PM (TTM) 14.4%
GM 92.82%
OM growth 3Y2.67%
OM growth 5Y-0.62%
PM growth 3Y6.6%
PM growth 5Y3.89%
GM growth 3Y0.42%
GM growth 5Y0.25%
XEL Yearly Profit, Operating, Gross MarginsXEL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60 80

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1

2. Health

2.1 Basic Checks

XEL has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, XEL has more shares outstanding
The number of shares outstanding for XEL has been increased compared to 5 years ago.
XEL has a worse debt/assets ratio than last year.
XEL Yearly Shares OutstandingXEL Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M
XEL Yearly Total Debt VS Total AssetsXEL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20B 40B 60B

2.2 Solvency

Based on the Altman-Z score of 0.93, we must say that XEL is in the distress zone and has some risk of bankruptcy.
XEL has a better Altman-Z score (0.93) than 67.39% of its industry peers.
XEL has a Debt/Equity ratio of 1.44. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of XEL (1.44) is better than 60.87% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.44
Debt/FCF N/A
Altman-Z 0.93
ROIC/WACC0.44
WACC6.71%
XEL Yearly LT Debt VS Equity VS FCFXEL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10B 20B

2.3 Liquidity

XEL has a Current Ratio of 0.67. This is a bad value and indicates that XEL is not financially healthy enough and could expect problems in meeting its short term obligations.
XEL has a Current ratio of 0.67. This is comparable to the rest of the industry: XEL outperforms 54.35% of its industry peers.
A Quick Ratio of 0.57 indicates that XEL may have some problems paying its short term obligations.
XEL has a Quick ratio (0.57) which is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 0.67
Quick Ratio 0.57
XEL Yearly Current Assets VS Current LiabilitesXEL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

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4

3. Growth

3.1 Past

The Earnings Per Share has been growing slightly by 2.96% over the past year.
The Earnings Per Share has been growing slightly by 5.68% on average over the past years.
Looking at the last year, XEL shows a decrease in Revenue. The Revenue has decreased by -5.39% in the last year.
The Revenue has been growing slightly by 3.12% on average over the past years.
EPS 1Y (TTM)2.96%
EPS 3Y5.54%
EPS 5Y5.68%
EPS Q2Q%-6.9%
Revenue 1Y (TTM)-5.39%
Revenue growth 3Y0.02%
Revenue growth 5Y3.12%
Sales Q2Q%-9.36%

3.2 Future

XEL is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 8.15% yearly.
XEL is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.04% yearly.
EPS Next Y10.69%
EPS Next 2Y9.51%
EPS Next 3Y8.79%
EPS Next 5Y8.15%
Revenue Next Year5.25%
Revenue Next 2Y5.56%
Revenue Next 3Y5.71%
Revenue Next 5Y6.04%

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 accelerating: in the next years the growth will be better than in the last years.
XEL Yearly Revenue VS EstimatesXEL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 5B 10B 15B
XEL Yearly EPS VS EstimatesXEL 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 4 5

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2

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 20.56, the valuation of XEL can be described as rather expensive.
The rest of the industry has a similar Price/Earnings ratio as XEL.
When comparing the Price/Earnings ratio of XEL to the average of the S&P500 Index (28.64), we can say XEL is valued slightly cheaper.
With a Price/Forward Earnings ratio of 18.58, XEL is valued on the expensive side.
Compared to the rest of the industry, the Price/Forward Earnings ratio of XEL is on the same level as its industry peers.
The average S&P500 Price/Forward Earnings ratio is at 21.44. XEL is around the same levels.
Industry RankSector Rank
PE 20.56
Fwd PE 18.58
XEL Price Earnings VS Forward Price EarningsXEL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of XEL is on the same level as its industry peers.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 13.21
XEL Per share dataXEL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The decent profitability rating of XEL may justify a higher PE ratio.
PEG (NY)1.92
PEG (5Y)3.62
EPS Next 2Y9.51%
EPS Next 3Y8.79%

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6

5. Dividend

5.1 Amount

XEL has a Yearly Dividend Yield of 3.25%.
Compared to an average industry Dividend Yield of 3.47, XEL has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.52, XEL pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 3.25%

5.2 History

On average, the dividend of XEL grows each year by 6.45%, which is quite nice.
XEL has paid a dividend for at least 10 years, which is a reliable track record.
XEL has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)6.45%
Div Incr Years20
Div Non Decr Years20
XEL Yearly Dividends per shareXEL 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

XEL pays out 60.69% of its income as dividend. This is not a sustainable payout ratio.
XEL's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP60.69%
EPS Next 2Y9.51%
EPS Next 3Y8.79%
XEL Yearly Income VS Free CF VS DividendXEL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B -1B -2B
XEL Dividend Payout.XEL Dividend Payout, showing the Payout Ratio.XEL Dividend Payout.PayoutRetained Earnings

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XCEL ENERGY INC

NASDAQ:XEL (4/23/2025, 8:00:02 PM)

Premarket: 71.04 -0.51 (-0.71%)

71.55

+0.16 (+0.22%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)02-06 2025-02-06/bmo
Earnings (Next)04-24 2025-04-24/bmo
Inst Owners88.52%
Inst Owner Change0.34%
Ins Owners0.19%
Ins Owner Change4.5%
Market Cap41.21B
Analysts80
Price Target74.98 (4.79%)
Short Float %1.6%
Short Ratio2.49
Dividend
Industry RankSector Rank
Dividend Yield 3.25%
Yearly Dividend2.08
Dividend Growth(5Y)6.45%
DP60.69%
Div Incr Years20
Div Non Decr Years20
Ex-Date03-14 2025-03-14 (0.57)
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-4.95%
Min EPS beat(2)-8.23%
Max EPS beat(2)-1.66%
EPS beat(4)1
Avg EPS beat(4)-1.04%
Min EPS beat(4)-8.23%
Max EPS beat(4)12.16%
EPS beat(8)3
Avg EPS beat(8)-1.75%
EPS beat(12)5
Avg EPS beat(12)-1.4%
EPS beat(16)7
Avg EPS beat(16)-0.61%
Revenue beat(2)0
Avg Revenue beat(2)-13.11%
Min Revenue beat(2)-18.13%
Max Revenue beat(2)-8.1%
Revenue beat(4)0
Avg Revenue beat(4)-11.87%
Min Revenue beat(4)-18.13%
Max Revenue beat(4)-8.1%
Revenue beat(8)1
Avg Revenue beat(8)-9.45%
Revenue beat(12)5
Avg Revenue beat(12)-1.5%
Revenue beat(16)9
Avg Revenue beat(16)1.48%
PT rev (1m)0.98%
PT rev (3m)1.64%
EPS NQ rev (1m)1.05%
EPS NQ rev (3m)3.99%
EPS NY rev (1m)-0.06%
EPS NY rev (3m)-0.35%
Revenue NQ rev (1m)-0.48%
Revenue NQ rev (3m)-2.78%
Revenue NY rev (1m)-1.41%
Revenue NY rev (3m)-1.58%
Valuation
Industry RankSector Rank
PE 20.56
Fwd PE 18.58
P/S 3.07
P/FCF N/A
P/OCF 8.88
P/B 2.11
P/tB 2.11
EV/EBITDA 13.21
EPS(TTM)3.48
EY4.86%
EPS(NY)3.85
Fwd EY5.38%
FCF(TTM)-4.73
FCFYN/A
OCF(TTM)8.06
OCFY11.26%
SpS23.33
BVpS33.89
TBVpS33.89
PEG (NY)1.92
PEG (5Y)3.62
Profitability
Industry RankSector Rank
ROA 2.76%
ROE 9.92%
ROCE 3.75%
ROIC 2.93%
ROICexc 2.94%
ROICexgc 2.94%
OM 17.75%
PM (TTM) 14.4%
GM 92.82%
FCFM N/A
ROA(3y)2.79%
ROA(5y)2.77%
ROE(3y)10.13%
ROE(5y)10.14%
ROIC(3y)3.27%
ROIC(5y)3.27%
ROICexc(3y)3.28%
ROICexc(5y)3.28%
ROICexgc(3y)3.28%
ROICexgc(5y)3.28%
ROCE(3y)4.2%
ROCE(5y)4.2%
ROICexcg growth 3Y-3.22%
ROICexcg growth 5Y-4%
ROICexc growth 3Y-3.22%
ROICexc growth 5Y-4%
OM growth 3Y2.67%
OM growth 5Y-0.62%
PM growth 3Y6.6%
PM growth 5Y3.89%
GM growth 3Y0.42%
GM growth 5Y0.25%
F-Score5
Asset Turnover0.19
Health
Industry RankSector Rank
Debt/Equity 1.44
Debt/FCF N/A
Debt/EBITDA 5.34
Cap/Depr 256.14%
Cap/Sales 54.79%
Interest Coverage 2.11
Cash Conversion 88.22%
Profit Quality N/A
Current Ratio 0.67
Quick Ratio 0.57
Altman-Z 0.93
F-Score5
WACC6.71%
ROIC/WACC0.44
Cap/Depr(3y)221.93%
Cap/Depr(5y)222.34%
Cap/Sales(3y)42.1%
Cap/Sales(5y)40.89%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)2.96%
EPS 3Y5.54%
EPS 5Y5.68%
EPS Q2Q%-6.9%
EPS Next Y10.69%
EPS Next 2Y9.51%
EPS Next 3Y8.79%
EPS Next 5Y8.15%
Revenue 1Y (TTM)-5.39%
Revenue growth 3Y0.02%
Revenue growth 5Y3.12%
Sales Q2Q%-9.36%
Revenue Next Year5.25%
Revenue Next 2Y5.56%
Revenue Next 3Y5.71%
Revenue Next 5Y6.04%
EBIT growth 1Y-7.81%
EBIT growth 3Y2.7%
EBIT growth 5Y2.48%
EBIT Next Year117.67%
EBIT Next 3Y38.85%
EBIT Next 5Y27.18%
FCF growth 1Y-416.7%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-12.88%
OCF growth 3Y28.47%
OCF growth 5Y7.3%