P G & E CORP (PCG)
US69331C1080 - Common Stock
We assign a fundamental rating of 3 out of 10 to PCG. PCG was compared to 45 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 quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
PCG had positive earnings in the past year.
In the past year PCG had a positive cash flow from operations.
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
With a Return On Assets value of 1.88%, PCG is not doing good in the industry: 77.78% of the companies in the same industry are doing better.
PCG has a Return On Equity of 9.35%. This is comparable to the rest of the industry: PCG outperforms 57.78% of its industry peers.
The Return On Invested Capital of PCG (2.69%) is worse than 82.22% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for PCG is below the industry average of 4.95%.
The 3 year average ROIC (2.23%) for PCG is below the current ROIC(2.69%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.88% | ||
| ROE | 9.35% | ||
| ROIC | 2.69% |
ROA(3y)1.07%
ROA(5y)-1.43%
ROE(3y)5.45%
ROE(5y)-27.8%
ROIC(3y)2.23%
ROIC(5y)2.04%
1.3 Margins
PCG has a worse Profit Margin (9.99%) than 62.22% of its industry peers.
Looking at the Operating Margin, with a value of 16.24%, PCG is doing worse than 66.67% of the companies in the same industry.
In the last couple of years the Operating Margin of PCG has grown nicely.
With an excellent Gross Margin value of 85.01%, PCG belongs to the best of the industry, outperforming 84.44% of the companies in the same industry.
In the last couple of years the Gross Margin of PCG has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 16.24% | ||
| PM (TTM) | 9.99% | ||
| GM | 85.01% |
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.
PCG has more shares outstanding than it did 1 year ago.
The number of shares outstanding for PCG has been increased compared to 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 0.47, we must say that PCG is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 0.47, PCG is not doing good in the industry: 82.22% of the companies in the same industry are doing better.
A Debt/Equity ratio of 2.21 is on the high side and indicates that PCG has dependencies on debt financing.
PCG's Debt to Equity ratio of 2.21 is on the low side compared to the rest of the industry. PCG is outperformed by 93.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.21 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.47 |
ROIC/WACC0.46
WACC5.78%
2.3 Liquidity
PCG has a Current Ratio of 0.99. This is a bad value and indicates that PCG is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of PCG (0.99) is comparable to the rest of the industry.
A Quick Ratio of 0.93 indicates that PCG may have some problems paying its short term obligations.
PCG has a Quick ratio (0.93) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.99 | ||
| Quick Ratio | 0.93 |
3. Growth
3.1 Past
PCG shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 20.18%, 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.
Looking at the last year, PCG shows a quite strong growth in Revenue. The Revenue has grown by 9.00% in the last year.
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)20.18%
EPS 3Y-19.41%
EPS 5Y-21.01%
EPS Q2Q%27.59%
Revenue 1Y (TTM)9%
Revenue growth 3Y9.77%
Revenue growth 5Y7.83%
Sales Q2Q%-5.6%
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 9.42% yearly.
PCG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.17% yearly.
EPS Next Y11.55%
EPS Next 2Y10.37%
EPS Next 3Y9.72%
EPS Next 5Y9.42%
Revenue Next Year8.42%
Revenue Next 2Y6.96%
Revenue Next 3Y6.42%
Revenue Next 5Y3.17%
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.
4. Valuation
4.1 Price/Earnings Ratio
PCG is valuated correctly with a Price/Earnings ratio of 14.15.
Compared to the rest of the industry, the Price/Earnings ratio of PCG indicates a somewhat cheap valuation: PCG is cheaper than 64.44% of the companies listed in the same industry.
PCG's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.05.
PCG is valuated correctly with a Price/Forward Earnings ratio of 12.37.
Compared to the rest of the industry, the Price/Forward Earnings ratio of PCG indicates a somewhat cheap valuation: PCG is cheaper than 71.11% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 20.07. PCG is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.15 | ||
| Fwd PE | 12.37 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, PCG is valued a bit more expensive than the industry average as 75.56% of the companies are valued more cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 12.32 |
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)1.23
PEG (5Y)N/A
EPS Next 2Y10.37%
EPS Next 3Y9.72%
5. Dividend
5.1 Amount
With a yearly dividend of 0.22%, PCG is not a good candidate for dividend investing.
With a Dividend Yield of 0.22, PCG pays less dividend than the industry average, which is at 4.01. 88.89% of the companies listed in the same industry pay a better dividend than PCG!
With a Dividend Yield of 0.22, PCG pays less dividend than the S&P500 average, which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.22% |
5.2 History
PCG has paid a dividend for at least 10 years, which is a reliable track record.
PCG has decreased its dividend recently.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
DPN/A
EPS Next 2Y10.37%
EPS Next 3Y9.72%
P G & E CORP
NYSE:PCG (5/31/2024, 7:04:00 PM)
After market: 18.46 -0.08 (-0.43%)18.54
+0.26 (+1.42%)
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 Cap39.62B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.22% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
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EPS beat(16)
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PT rev (1m)
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EPS NQ rev (1m)
EPS NQ rev (3m)
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EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.15 | ||
| Fwd PE | 12.37 | ||
| 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)1.23
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.88% | ||
| ROE | 9.35% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 16.24% | ||
| PM (TTM) | 9.99% | ||
| GM | 85.01% | ||
| 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 | 2.21 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.99 | ||
| Quick Ratio | 0.93 | ||
| 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)20.18%
EPS 3Y-19.41%
EPS 5Y
EPS Q2Q%
EPS Next Y11.55%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)9%
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
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FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y