XCEL ENERGY INC (XEL) Fundamental Analysis & Valuation

NASDAQ:XEL • US98389B1008

Current stock price

79.54 USD
-0.48 (-0.6%)
Last:

This XEL fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

4

1. XEL Profitability Analysis

1.1 Basic Checks

  • In the past year XEL was profitable.
  • XEL had a positive operating cash flow in the past year.
  • In the past 5 years XEL has always been profitable.
  • Each year in the past 5 years XEL had a positive operating cash flow.
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B 4B -4B -6B

1.2 Ratios

  • With a Return On Assets value of 2.48%, XEL is not doing good in the industry: 65.22% of the companies in the same industry are doing better.
  • XEL has a Return On Equity of 8.55%. This is in the lower half of the industry: XEL underperforms 67.39% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 3.00%, XEL is doing worse than 80.43% of the companies in the same industry.
  • XEL had an Average Return On Invested Capital over the past 3 years of 3.13%. This is in line with the industry average of 4.49%.
Industry RankSector Rank
ROA 2.48%
ROE 8.55%
ROIC 3%
ROA(3y)2.67%
ROA(5y)2.72%
ROE(3y)9.51%
ROE(5y)9.83%
ROIC(3y)3.13%
ROIC(5y)3.21%
XEL Yearly ROA, ROE, ROICXEL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8 10

1.3 Margins

  • The Profit Margin of XEL (13.76%) is comparable to the rest of the industry.
  • XEL's Profit Margin has been stable in the last couple of years.
  • The Operating Margin of XEL (19.63%) is comparable to the rest of the industry.
  • XEL's Operating Margin has been stable in the last couple of years.
  • Looking at the Gross Margin, with a value of 92.83%, XEL belongs to the top of the industry, outperforming 95.65% of the companies in the same industry.
  • XEL's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 19.63%
PM (TTM) 13.76%
GM 92.83%
OM growth 3Y7.36%
OM growth 5Y1.34%
PM growth 3Y6.66%
PM growth 5Y1.48%
GM growth 3Y2.09%
GM growth 5Y-0.19%
XEL Yearly Profit, Operating, Gross MarginsXEL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60 80

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1

2. XEL Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so XEL is destroying value.
  • Compared to 1 year ago, XEL has more shares outstanding
  • Compared to 5 years ago, XEL has more shares outstanding
  • Compared to 1 year ago, XEL has a worse debt to assets ratio.
XEL Yearly Shares OutstandingXEL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M
XEL Yearly Total Debt VS Total AssetsXEL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B 80B

2.2 Solvency

  • Based on the Altman-Z score of 0.94, we must say that XEL is in the distress zone and has some risk of bankruptcy.
  • With a Altman-Z score value of 0.94, XEL perfoms like the industry average, outperforming 56.52% of the companies in the same industry.
  • A Debt/Equity ratio of 1.47 is on the high side and indicates that XEL has dependencies on debt financing.
  • XEL has a Debt to Equity ratio of 1.47. This is comparable to the rest of the industry: XEL outperforms 52.17% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.47
Debt/FCF N/A
Altman-Z 0.94
ROIC/WACC0.46
WACC6.59%
XEL Yearly LT Debt VS Equity VS FCFXEL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10B 20B 30B

2.3 Liquidity

  • XEL has a Current Ratio of 0.71. 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 (0.71) which is in line with its industry peers.
  • XEL has a Quick Ratio of 0.71. 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 Quick ratio of 0.60. This is comparable to the rest of the industry: XEL outperforms 52.17% of its industry peers.
Industry RankSector Rank
Current Ratio 0.71
Quick Ratio 0.6
XEL Yearly Current Assets VS Current LiabilitesXEL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. XEL Growth Analysis

3.1 Past

  • XEL shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 8.62%, which is quite good.
  • XEL shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 6.34% yearly.
  • The Revenue has grown by 9.14% in the past year. This is quite good.
  • The Revenue has been growing slightly by 4.94% on average over the past years.
EPS 1Y (TTM)8.62%
EPS 3Y6.04%
EPS 5Y6.34%
EPS Q2Q%17.28%
Revenue 1Y (TTM)9.14%
Revenue growth 3Y-1.42%
Revenue growth 5Y4.94%
Sales Q2Q%14.13%

3.2 Future

  • The Earnings Per Share is expected to grow by 9.30% on average over the next years. This is quite good.
  • Based on estimates for the next years, XEL will show a small growth in Revenue. The Revenue will grow by 6.98% on average per year.
EPS Next Y10.03%
EPS Next 2Y9.92%
EPS Next 3Y9.76%
EPS Next 5Y9.3%
Revenue Next Year5.79%
Revenue Next 2Y6.9%
Revenue Next 3Y7.42%
Revenue Next 5Y6.98%

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.
XEL Yearly Revenue VS EstimatesXEL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 5B 10B 15B 20B
XEL Yearly EPS VS EstimatesXEL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 1 2 3 4 5

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1

4. XEL Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 21.04, the valuation of XEL can be described as rather expensive.
  • 63.04% of the companies in the same industry are cheaper than XEL, based on the Price/Earnings ratio.
  • The average S&P500 Price/Earnings ratio is at 25.79. XEL is around the same levels.
  • With a Price/Forward Earnings ratio of 19.12, XEL is valued on the expensive side.
  • XEL's Price/Forward Earnings is on the same level as the industry average.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 23.80, XEL is valued at the same level.
Industry RankSector Rank
PE 21.04
Fwd PE 19.12
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

  • 71.74% of the companies in the same industry are cheaper than XEL, based on the Enterprise Value to EBITDA ratio.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 13.97
XEL Per share dataXEL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 -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.
PEG (NY)2.1
PEG (5Y)3.32
EPS Next 2Y9.92%
EPS Next 3Y9.76%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. XEL Dividend Analysis

5.1 Amount

  • XEL has a Yearly Dividend Yield of 3.07%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 2.87, XEL pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.91, XEL pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.07%

5.2 History

  • The dividend of XEL has a limited annual growth rate of 5.83%.
  • XEL has paid a dividend for at least 10 years, which is a reliable track record.
  • The dividend of XEL decreased recently.
Dividend Growth(5Y)5.83%
Div Incr Years1
Div Non Decr Years1
XEL Yearly Dividends per shareXEL Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2 2.5

5.3 Sustainability

  • 63.53% of the earnings are spent on dividend by XEL. This is not a sustainable payout ratio.
  • XEL's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP63.53%
EPS Next 2Y9.92%
EPS Next 3Y9.76%
XEL Yearly Income VS Free CF VS DividendXEL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B -4B -6B
XEL Dividend Payout.XEL Dividend Payout, showing the Payout Ratio.XEL Dividend Payout.PayoutRetained Earnings

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XEL Fundamentals: All Metrics, Ratios and Statistics

XCEL ENERGY INC

NASDAQ:XEL (3/19/2026, 11:45:05 AM)

79.54

-0.48 (-0.6%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)02-05
Earnings (Next)04-22
Inst Owners92.13%
Inst Owner Change2.41%
Ins Owners0.15%
Ins Owner Change7.38%
Market Cap49.62B
Revenue(TTM)14.67B
Net Income(TTM)2.02B
Analysts84.35
Price Target90.35 (13.59%)
Short Float %4.18%
Short Ratio5.15
Dividend
Industry RankSector Rank
Dividend Yield 3.07%
Yearly Dividend2.14
Dividend Growth(5Y)5.83%
DP63.53%
Div Incr Years1
Div Non Decr Years1
Ex-Date03-13
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-4.57%
Min EPS beat(2)-6.97%
Max EPS beat(2)-2.18%
EPS beat(4)1
Avg EPS beat(4)-1.01%
Min EPS beat(4)-9.55%
Max EPS beat(4)14.67%
EPS beat(8)2
Avg EPS beat(8)-1.02%
EPS beat(12)4
Avg EPS beat(12)-1.5%
EPS beat(16)6
Avg EPS beat(16)-1.3%
Revenue beat(2)0
Avg Revenue beat(2)-1.73%
Min Revenue beat(2)-3.08%
Max Revenue beat(2)-0.38%
Revenue beat(4)1
Avg Revenue beat(4)-0.93%
Min Revenue beat(4)-3.08%
Max Revenue beat(4)1.39%
Revenue beat(8)1
Avg Revenue beat(8)-6.4%
Revenue beat(12)2
Avg Revenue beat(12)-6.61%
Revenue beat(16)6
Avg Revenue beat(16)-1.36%
PT rev (1m)1.21%
PT rev (3m)0.39%
EPS NQ rev (1m)1.57%
EPS NQ rev (3m)-0.59%
EPS NY rev (1m)-0.07%
EPS NY rev (3m)-0.21%
Revenue NQ rev (1m)2.71%
Revenue NQ rev (3m)-2.28%
Revenue NY rev (1m)-1.61%
Revenue NY rev (3m)-2.12%
Valuation
Industry RankSector Rank
PE 21.04
Fwd PE 19.12
P/S 3.38
P/FCF N/A
P/OCF 12.15
P/B 2.1
P/tB 2.1
EV/EBITDA 13.97
EPS(TTM)3.78
EY4.75%
EPS(NY)4.16
Fwd EY5.23%
FCF(TTM)-10.94
FCFYN/A
OCF(TTM)6.54
OCFY8.23%
SpS23.51
BVpS37.84
TBVpS37.84
PEG (NY)2.1
PEG (5Y)3.32
Graham Number56.73
Profitability
Industry RankSector Rank
ROA 2.48%
ROE 8.55%
ROCE 3.88%
ROIC 3%
ROICexc 3.01%
ROICexgc 3.01%
OM 19.63%
PM (TTM) 13.76%
GM 92.83%
FCFM N/A
ROA(3y)2.67%
ROA(5y)2.72%
ROE(3y)9.51%
ROE(5y)9.83%
ROIC(3y)3.13%
ROIC(5y)3.21%
ROICexc(3y)3.14%
ROICexc(5y)3.22%
ROICexgc(3y)3.14%
ROICexgc(5y)3.22%
ROCE(3y)4.02%
ROCE(5y)4.13%
ROICexgc growth 3Y-4.32%
ROICexgc growth 5Y-2.01%
ROICexc growth 3Y-4.32%
ROICexc growth 5Y-2.01%
OM growth 3Y7.36%
OM growth 5Y1.34%
PM growth 3Y6.66%
PM growth 5Y1.48%
GM growth 3Y2.09%
GM growth 5Y-0.19%
F-Score5
Asset Turnover0.18
Health
Industry RankSector Rank
Debt/Equity 1.47
Debt/FCF N/A
Debt/EBITDA 5.81
Cap/Depr 353.93%
Cap/Sales 74.36%
Interest Coverage 2.28
Cash Conversion 68.5%
Profit Quality N/A
Current Ratio 0.71
Quick Ratio 0.6
Altman-Z 0.94
F-Score5
WACC6.59%
ROIC/WACC0.46
Cap/Depr(3y)279.37%
Cap/Depr(5y)241.55%
Cap/Sales(3y)56.79%
Cap/Sales(5y)46.45%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)8.62%
EPS 3Y6.04%
EPS 5Y6.34%
EPS Q2Q%17.28%
EPS Next Y10.03%
EPS Next 2Y9.92%
EPS Next 3Y9.76%
EPS Next 5Y9.3%
Revenue 1Y (TTM)9.14%
Revenue growth 3Y-1.42%
Revenue growth 5Y4.94%
Sales Q2Q%14.13%
Revenue Next Year5.79%
Revenue Next 2Y6.9%
Revenue Next 3Y7.42%
Revenue Next 5Y6.98%
EBIT growth 1Y20.66%
EBIT growth 3Y5.84%
EBIT growth 5Y6.35%
EBIT Next Year118.56%
EBIT Next 3Y42.57%
EBIT Next 5Y26.21%
FCF growth 1Y-150.64%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-12.02%
OCF growth 3Y1.26%
OCF growth 5Y7.47%

XCEL ENERGY INC / XEL Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for XCEL ENERGY INC?

ChartMill assigns a fundamental rating of 3 / 10 to XEL.


What is the valuation status for XEL stock?

ChartMill assigns a valuation rating of 1 / 10 to XCEL ENERGY INC (XEL). This can be considered as Overvalued.


What is the profitability of XEL stock?

XCEL ENERGY INC (XEL) has a profitability rating of 4 / 10.


What is the financial health of XCEL ENERGY INC (XEL) stock?

The financial health rating of XCEL ENERGY INC (XEL) is 1 / 10.


Is the dividend of XCEL ENERGY INC sustainable?

The dividend rating of XCEL ENERGY INC (XEL) is 5 / 10 and the dividend payout ratio is 63.53%.