AMEREN CORPORATION (AEE)
US0236081024 - Common Stock
We assign a fundamental rating of 4 out of 10 to AEE. AEE was compared to 26 industry peers in the Multi-Utilities industry. AEE has a medium profitability rating, but doesn't score so well on its financial health evaluation. While showing a medium growth rate, AEE is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
In the past year AEE was profitable.
AEE had a positive operating cash flow in the past year.
AEE had positive earnings in each of the past 5 years.
In the past 5 years AEE always reported a positive cash flow from operatings.
1.2 Ratios
AEE has a better Return On Assets (2.82%) than 61.54% of its industry peers.
AEE's Return On Equity of 10.15% is in line compared to the rest of the industry. AEE outperforms 42.31% of its industry peers.
AEE has a Return On Invested Capital (3.53%) which is comparable to the rest of the industry.
AEE had an Average Return On Invested Capital over the past 3 years of 3.54%. This is in line with the industry average of 3.73%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.82% | ||
| ROE | 10.15% | ||
| ROIC | 3.53% |
ROA(3y)2.81%
ROA(5y)2.8%
ROE(3y)10.19%
ROE(5y)10.12%
ROIC(3y)3.54%
ROIC(5y)3.68%
1.3 Margins
AEE has a Profit Margin of 15.36%. This is amongst the best in the industry. AEE outperforms 80.77% of its industry peers.
AEE's Profit Margin has improved in the last couple of years.
AEE has a better Operating Margin (20.77%) than 65.38% of its industry peers.
AEE's Operating Margin has been stable in the last couple of years.
AEE's Gross Margin of 77.96% is amongst the best of the industry. AEE outperforms 92.31% of its industry peers.
In the last couple of years the Gross Margin of AEE has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 20.77% | ||
| PM (TTM) | 15.36% | ||
| GM | 77.96% |
OM growth 3Y-2.54%
OM growth 5Y-0.75%
PM growth 3Y0.72%
PM growth 5Y3.46%
GM growth 3Y-3.39%
GM growth 5Y-1.67%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), AEE is destroying value.
Compared to 1 year ago, AEE has more shares outstanding
The number of shares outstanding for AEE has been increased compared to 5 years ago.
Compared to 1 year ago, AEE has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.81, we must say that AEE is in the distress zone and has some risk of bankruptcy.
AEE's Altman-Z score of 0.81 is in line compared to the rest of the industry. AEE outperforms 57.69% of its industry peers.
AEE has a Debt/Equity ratio of 1.38. This is a high value indicating a heavy dependency on external financing.
AEE has a better Debt to Equity ratio (1.38) than 65.38% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.38 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.81 |
ROIC/WACC0.55
WACC6.45%
2.3 Liquidity
A Current Ratio of 0.65 indicates that AEE may have some problems paying its short term obligations.
The Current ratio of AEE (0.65) is comparable to the rest of the industry.
AEE has a Quick Ratio of 0.65. This is a bad value and indicates that AEE is not financially healthy enough and could expect problems in meeting its short term obligations.
AEE has a worse Quick ratio (0.43) than 76.92% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.65 | ||
| Quick Ratio | 0.43 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 5.56% over the past year.
The Earnings Per Share has been growing slightly by 5.33% on average over the past years.
Looking at the last year, AEE shows a decrease in Revenue. The Revenue has decreased by -5.74% in the last year.
Measured over the past years, AEE shows a small growth in Revenue. The Revenue has been growing by 3.58% on average per year.
EPS 1Y (TTM)5.56%
EPS 3Y7.68%
EPS 5Y5.33%
EPS growth Q2Q-4.76%
Revenue 1Y (TTM)-5.74%
Revenue growth 3Y8.98%
Revenue growth 5Y3.58%
Revenue growth Q2Q-20.92%
3.2 Future
Based on estimates for the next years, AEE will show a small growth in Earnings Per Share. The EPS will grow by 7.32% on average per year.
The Revenue is expected to grow by 5.05% on average over the next years.
EPS Next Y6.76%
EPS Next 2Y6.57%
EPS Next 3Y6.52%
EPS Next 5Y7.32%
Revenue Next Year0.85%
Revenue Next 2Y2.72%
Revenue Next 3Y3.21%
Revenue Next 5Y5.05%
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.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 16.46, the valuation of AEE can be described as correct.
AEE's Price/Earnings ratio is in line with the industry average.
When comparing the Price/Earnings ratio of AEE to the average of the S&P500 Index (24.83), we can say AEE is valued slightly cheaper.
AEE is valuated correctly with a Price/Forward Earnings ratio of 15.42.
The rest of the industry has a similar Price/Forward Earnings ratio as AEE.
When comparing the Price/Forward Earnings ratio of AEE to the average of the S&P500 Index (21.32), we can say AEE is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.46 | ||
| Fwd PE | 15.42 |
4.2 Price Multiples
69.23% of the companies in the same industry are cheaper than AEE, based on the Enterprise Value to EBITDA ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 11.74 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates AEE does not grow enough to justify the current Price/Earnings ratio.
The decent profitability rating of AEE may justify a higher PE ratio.
PEG (NY)2.43
PEG (5Y)3.09
EPS Next 2Y6.57%
EPS Next 3Y6.52%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.72%, AEE has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 4.45, AEE is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.39, AEE pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.72% |
5.2 History
On average, the dividend of AEE grows each year by 6.28%, which is quite nice.
AEE has paid a dividend for at least 10 years, which is a reliable track record.
AEE has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)6.28%
Div Incr Years6
Div Non Decr Years6
5.3 Sustainability
AEE pays out 57.47% of its income as dividend. This is a bit on the high side, but may be sustainable.
The dividend of AEE is growing around the same rate as the earnings are growing. If this keeps up the dividend growth is sustainable.
DP57.47%
EPS Next 2Y6.57%
EPS Next 3Y6.52%
AMEREN CORPORATION
NYSE:AEE (4/17/2024, 7:04:00 PM)
After market: 71.93 0 (0%)71.93
+1.59 (+2.26%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryMulti-Utilities
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap19.15B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.72% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
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EPS beat(4)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
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Revenue beat(4)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
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)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.46 | ||
| Fwd PE | 15.42 | ||
| 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)2.43
PEG (5Y)3.09
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.82% | ||
| ROE | 10.15% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 20.77% | ||
| PM (TTM) | 15.36% | ||
| GM | 77.96% | ||
| 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 Turnover0.18
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.38 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.65 | ||
| Quick Ratio | 0.43 | ||
| 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)
Growth
EPS 1Y (TTM)5.56%
EPS 3Y7.68%
EPS 5Y
EPS growth Q2Q
EPS Next Y6.76%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-5.74%
Revenue growth 3Y8.98%
Revenue growth 5Y
Revenue growth 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