CONSTELLATION ENERGY (CEG) Fundamental Analysis & Valuation

NASDAQ:CEG • US21037T1097

Current stock price

281.99 USD
-34.48 (-10.9%)
At close:
278.5 USD
-3.49 (-1.24%)
Pre-Market:

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

5

1. CEG Profitability Analysis

1.1 Basic Checks

  • CEG had positive earnings in the past year.
  • CEG had a positive operating cash flow in the past year.
  • The reported net income has been mixed in the past 5 years: CEG reported negative net income in multiple years.
  • CEG had negative operating cash flow in 4 of the past 5 years.
CEG Yearly Net Income VS EBIT VS OCF VS FCFCEG Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B 4B -4B -6B

1.2 Ratios

  • The Return On Assets of CEG (4.05%) is better than 80.85% of its industry peers.
  • With an excellent Return On Equity value of 15.97%, CEG belongs to the best of the industry, outperforming 89.36% of the companies in the same industry.
  • CEG's Return On Invested Capital of 4.51% is fine compared to the rest of the industry. CEG outperforms 76.60% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for CEG is in line with the industry average of 4.52%.
Industry RankSector Rank
ROA 4.05%
ROE 15.97%
ROIC 4.51%
ROA(3y)4.78%
ROA(5y)2.71%
ROE(3y)19.77%
ROE(5y)11.21%
ROIC(3y)4.67%
ROIC(5y)N/A
CEG Yearly ROA, ROE, ROICCEG Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 2024 2025 0 10 20

1.3 Margins

  • The Profit Margin of CEG (9.08%) is worse than 72.34% of its industry peers.
  • CEG's Profit Margin has improved in the last couple of years.
  • CEG has a worse Operating Margin (12.09%) than 82.98% of its industry peers.
  • In the last couple of years the Operating Margin of CEG has grown nicely.
  • With a Gross Margin value of 42.50%, CEG perfoms like the industry average, outperforming 42.55% of the companies in the same industry.
  • CEG's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 12.09%
PM (TTM) 9.08%
GM 42.5%
OM growth 3Y81.51%
OM growth 5Y53.34%
PM growth 3YN/A
PM growth 5Y22.11%
GM growth 3Y14.18%
GM growth 5Y-1.38%
CEG Yearly Profit, Operating, Gross MarginsCEG Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 2024 2025 0 10 20 30 40 50

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7

2. CEG Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), CEG is destroying value.
  • CEG has less shares outstanding than it did 1 year ago.
  • CEG has less shares outstanding than it did 5 years ago.
  • CEG has a better debt/assets ratio than last year.
CEG Yearly Shares OutstandingCEG Yearly Shares OutstandingYearly Shares Outstanding 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M
CEG Yearly Total Debt VS Total AssetsCEG Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B 40B 50B

2.2 Solvency

  • An Altman-Z score of 2.29 indicates that CEG is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 2.29, CEG belongs to the top of the industry, outperforming 93.62% of the companies in the same industry.
  • CEG has a debt to FCF ratio of 6.98. This is a slightly negative value and a sign of low solvency as CEG would need 6.98 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 6.98, CEG belongs to the top of the industry, outperforming 89.36% of the companies in the same industry.
  • A Debt/Equity ratio of 0.61 indicates that CEG is somewhat dependend on debt financing.
  • CEG's Debt to Equity ratio of 0.61 is amongst the best of the industry. CEG outperforms 80.85% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.61
Debt/FCF 6.98
Altman-Z 2.29
ROIC/WACC0.52
WACC8.61%
CEG Yearly LT Debt VS Equity VS FCFCEG Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 2023 2024 2025 0 5B -5B 10B

2.3 Liquidity

  • A Current Ratio of 1.53 indicates that CEG should not have too much problems paying its short term obligations.
  • CEG has a better Current ratio (1.53) than 85.11% of its industry peers.
  • CEG has a Quick Ratio of 1.31. This is a normal value and indicates that CEG is financially healthy and should not expect problems in meeting its short term obligations.
  • CEG has a Quick ratio of 1.31. This is amongst the best in the industry. CEG outperforms 85.11% of its industry peers.
Industry RankSector Rank
Current Ratio 1.53
Quick Ratio 1.31
CEG Yearly Current Assets VS Current LiabilitesCEG Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

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5

3. CEG Growth Analysis

3.1 Past

  • CEG shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -35.83%.
  • Measured over the past years, CEG shows a very strong growth in Earnings Per Share. The EPS has been growing by 32.49% on average per year.
  • CEG shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 8.34%.
  • The Revenue has been growing slightly by 7.72% on average over the past years.
EPS 1Y (TTM)-35.83%
EPS 3YN/A
EPS 5Y32.49%
EPS Q2Q%-15.13%
Revenue 1Y (TTM)8.34%
Revenue growth 3Y1.47%
Revenue growth 5Y7.72%
Sales Q2Q%12.86%

3.2 Future

  • CEG is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 19.56% yearly.
  • The Revenue is expected to grow by 8.91% on average over the next years. This is quite good.
EPS Next Y52.39%
EPS Next 2Y33.7%
EPS Next 3Y29.89%
EPS Next 5Y19.56%
Revenue Next Year17.65%
Revenue Next 2Y11.54%
Revenue Next 3Y10.23%
Revenue Next 5Y8.91%

3.3 Evolution

  • Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past 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 stable.
CEG Yearly Revenue VS EstimatesCEG Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 10B 20B 30B
CEG Yearly EPS VS EstimatesCEG Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 0 5 10 15 20

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3

4. CEG Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 36.96, which means the current valuation is very expensive for CEG.
  • Compared to the rest of the industry, the Price/Earnings ratio of CEG indicates a rather expensive valuation: CEG more expensive than 85.11% of the companies listed in the same industry.
  • When comparing the Price/Earnings ratio of CEG to the average of the S&P500 Index (25.23), we can say CEG is valued slightly more expensively.
  • Based on the Price/Forward Earnings ratio of 24.25, the valuation of CEG can be described as rather expensive.
  • 82.98% of the companies in the same industry are cheaper than CEG, based on the Price/Forward Earnings ratio.
  • When comparing the Price/Forward Earnings ratio of CEG to the average of the S&P500 Index (22.42), we can say CEG is valued inline with the index average.
Industry RankSector Rank
PE 36.96
Fwd PE 24.25
CEG Price Earnings VS Forward Price EarningsCEG Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, CEG is valued expensively inside the industry as 82.98% of the companies are valued cheaper.
  • 76.60% of the companies in the same industry are more expensive than CEG, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 79.25
EV/EBITDA 18.6
CEG Per share dataCEG EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • CEG's earnings are expected to grow with 29.89% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.71
PEG (5Y)1.14
EPS Next 2Y33.7%
EPS Next 3Y29.89%

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2

5. CEG Dividend Analysis

5.1 Amount

  • CEG has a yearly dividend return of 0.54%, which is pretty low.
  • In the last 3 months the price of CEG has falen by -20.66%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
  • With a Dividend Yield of 0.54, CEG pays less dividend than the industry average, which is at 2.84. 87.23% of the companies listed in the same industry pay a better dividend than CEG!
  • With a Dividend Yield of 0.54, CEG pays less dividend than the S&P500 average, which is at 1.89.
Industry RankSector Rank
Dividend Yield 0.54%

5.2 History

  • CEG has been paying a dividend for over 5 years, so it has already some track record.
  • CEG has decreased its dividend in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years2
Div Non Decr Years2
CEG Yearly Dividends per shareCEG Yearly Dividends per shareYearly Dividends per share 2022 2023 2024 2025 2026 0.5 1 1.5

5.3 Sustainability

  • CEG pays out 20.96% of its income as dividend. This is a sustainable payout ratio.
DP20.96%
EPS Next 2Y33.7%
EPS Next 3Y29.89%
CEG Yearly Income VS Free CF VS DividendCEG Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B -4B -6B
CEG Dividend Payout.CEG Dividend Payout, showing the Payout Ratio.CEG Dividend Payout.PayoutRetained Earnings

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CEG Fundamentals: All Metrics, Ratios and Statistics

CONSTELLATION ENERGY

NASDAQ:CEG (3/20/2026, 8:00:00 PM)

Premarket: 278.5 -3.49 (-1.24%)

281.99

-34.48 (-10.9%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)02-24
Earnings (Next)05-04
Inst Owners72.83%
Inst Owner Change1.37%
Ins Owners0.31%
Ins Owner Change46.11%
Market Cap102.08B
Revenue(TTM)25.53B
Net Income(TTM)2.32B
Analysts78.33
Price Target405.24 (43.71%)
Short Float %2.53%
Short Ratio2.2
Dividend
Industry RankSector Rank
Dividend Yield 0.54%
Yearly Dividend1.55
Dividend Growth(5Y)N/A
DP20.96%
Div Incr Years2
Div Non Decr Years2
Ex-Date03-09
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.57%
Min EPS beat(2)-3.49%
Max EPS beat(2)2.35%
EPS beat(4)2
Avg EPS beat(4)-20.36%
Min EPS beat(4)-83.02%
Max EPS beat(4)2.74%
EPS beat(8)6
Avg EPS beat(8)16.92%
EPS beat(12)8
Avg EPS beat(12)22.12%
EPS beat(16)8
Avg EPS beat(16)-13.97%
Revenue beat(2)1
Avg Revenue beat(2)6.25%
Min Revenue beat(2)-0.96%
Max Revenue beat(2)13.47%
Revenue beat(4)3
Avg Revenue beat(4)15.28%
Min Revenue beat(4)-0.96%
Max Revenue beat(4)25.1%
Revenue beat(8)4
Avg Revenue beat(8)5.52%
Revenue beat(12)7
Avg Revenue beat(12)6.5%
Revenue beat(16)10
Avg Revenue beat(16)17.82%
PT rev (1m)-0.43%
PT rev (3m)0.41%
EPS NQ rev (1m)-9.62%
EPS NQ rev (3m)-11.46%
EPS NY rev (1m)2.11%
EPS NY rev (3m)5.99%
Revenue NQ rev (1m)11.49%
Revenue NQ rev (3m)15.44%
Revenue NY rev (1m)7.89%
Revenue NY rev (3m)12.91%
Valuation
Industry RankSector Rank
PE 36.96
Fwd PE 24.25
P/S 4
P/FCF 79.25
P/OCF 24.09
P/B 7.03
P/tB 7.24
EV/EBITDA 18.6
EPS(TTM)7.63
EY2.71%
EPS(NY)11.63
Fwd EY4.12%
FCF(TTM)3.56
FCFY1.26%
OCF(TTM)11.7
OCFY4.15%
SpS70.54
BVpS40.1
TBVpS38.94
PEG (NY)0.71
PEG (5Y)1.14
Graham Number82.97
Profitability
Industry RankSector Rank
ROA 4.05%
ROE 15.97%
ROCE 6.26%
ROIC 4.51%
ROICexc 4.86%
ROICexgc 4.9%
OM 12.09%
PM (TTM) 9.08%
GM 42.5%
FCFM 5.04%
ROA(3y)4.78%
ROA(5y)2.71%
ROE(3y)19.77%
ROE(5y)11.21%
ROIC(3y)4.67%
ROIC(5y)N/A
ROICexc(3y)4.95%
ROICexc(5y)N/A
ROICexgc(3y)5%
ROICexgc(5y)N/A
ROCE(3y)6.37%
ROCE(5y)N/A
ROICexgc growth 3Y74.38%
ROICexgc growth 5Y62.88%
ROICexc growth 3Y73.87%
ROICexc growth 5Y62.63%
OM growth 3Y81.51%
OM growth 5Y53.34%
PM growth 3YN/A
PM growth 5Y22.11%
GM growth 3Y14.18%
GM growth 5Y-1.38%
F-Score6
Asset Turnover0.45
Health
Industry RankSector Rank
Debt/Equity 0.61
Debt/FCF 6.98
Debt/EBITDA 1.56
Cap/Depr 113.38%
Cap/Sales 11.55%
Interest Coverage 250
Cash Conversion 74.5%
Profit Quality 55.54%
Current Ratio 1.53
Quick Ratio 1.31
Altman-Z 2.29
F-Score6
WACC8.61%
ROIC/WACC0.52
Cap/Depr(3y)101.57%
Cap/Depr(5y)80.72%
Cap/Sales(3y)10.72%
Cap/Sales(5y)9.17%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-35.83%
EPS 3YN/A
EPS 5Y32.49%
EPS Q2Q%-15.13%
EPS Next Y52.39%
EPS Next 2Y33.7%
EPS Next 3Y29.89%
EPS Next 5Y19.56%
Revenue 1Y (TTM)8.34%
Revenue growth 3Y1.47%
Revenue growth 5Y7.72%
Sales Q2Q%12.86%
Revenue Next Year17.65%
Revenue Next 2Y11.54%
Revenue Next 3Y10.23%
Revenue Next 5Y8.91%
EBIT growth 1Y-27.91%
EBIT growth 3Y84.17%
EBIT growth 5Y65.18%
EBIT Next Year97.68%
EBIT Next 3Y37.99%
EBIT Next 5Y23.7%
FCF growth 1Y125.61%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y271.96%
OCF growth 3YN/A
OCF growth 5Y48.64%

CONSTELLATION ENERGY / CEG Fundamental Analysis FAQ

What is the fundamental rating for CEG stock?

ChartMill assigns a fundamental rating of 5 / 10 to CEG.


Can you provide the valuation status for CONSTELLATION ENERGY?

ChartMill assigns a valuation rating of 3 / 10 to CONSTELLATION ENERGY (CEG). This can be considered as Overvalued.


What is the profitability of CEG stock?

CONSTELLATION ENERGY (CEG) has a profitability rating of 4 / 10.


How financially healthy is CONSTELLATION ENERGY?

The financial health rating of CONSTELLATION ENERGY (CEG) is 7 / 10.


How sustainable is the dividend of CONSTELLATION ENERGY (CEG) stock?

The dividend rating of CONSTELLATION ENERGY (CEG) is 2 / 10 and the dividend payout ratio is 20.96%.