CONSTELLATION ENERGY (CEG) Fundamental Analysis & Valuation

NASDAQ:CEG • US21037T1097

317.09 USD
-5.9 (-1.83%)
At close: Mar 10, 2026
317.24 USD
+0.15 (+0.05%)
After Hours: 3/10/2026, 7:06:14 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

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

Fundamental Rating

5

CEG gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 46 industry peers in the Electric Utilities industry. CEG is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. CEG is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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.
  • In multiple years CEG reported negative net income over the last 5 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

  • With an excellent Return On Assets value of 4.05%, CEG belongs to the best of the industry, outperforming 80.43% of the companies in the same industry.
  • With an excellent Return On Equity value of 15.97%, CEG belongs to the best of the industry, outperforming 86.96% of the companies in the same industry.
  • CEG has a Return On Invested Capital of 4.51%. This is in the better half of the industry: CEG outperforms 76.09% of its industry peers.
  • CEG had an Average Return On Invested Capital over the past 3 years of 4.67%. This is in line with the industry average of 4.49%.
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

  • CEG has a Profit Margin of 9.08%. This is in the lower half of the industry: CEG underperforms 69.57% of its industry peers.
  • CEG's Profit Margin has improved in the last couple of years.
  • Looking at the Operating Margin, with a value of 12.09%, CEG is doing worse than 80.43% of the companies in the same industry.
  • CEG's Operating Margin has improved in the last couple of years.
  • CEG has a Gross Margin (42.50%) which is comparable to the rest of the industry.
  • In the last couple of years the Gross Margin of CEG has remained more or less at the same level.
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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ROAROEROICOperating and Profit MarginShow most profitable peers

7

2. CEG Health Analysis

2.1 Basic Checks

  • CEG has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it 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.
  • The debt/assets ratio for CEG has been reduced compared to a year ago.
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

  • CEG has an Altman-Z score of 2.50. This is not the best score and indicates that CEG is in the grey zone with still only limited risk for bankruptcy at the moment.
  • The Altman-Z score of CEG (2.50) is better than 95.65% of its industry peers.
  • The Debt to FCF ratio of CEG is 6.98, which is on the high side as it means it would take CEG, 6.98 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of CEG (6.98) is better than 86.96% of its industry peers.
  • 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 80.43% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.61
Debt/FCF 6.98
Altman-Z 2.5
ROIC/WACC0.54
WACC8.41%
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 84.78% of its industry peers.
  • A Quick Ratio of 1.31 indicates that CEG should not have too much problems paying its short term obligations.
  • CEG has a Quick ratio of 1.31. This is amongst the best in the industry. CEG outperforms 84.78% 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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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

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.
  • Looking at the last year, CEG shows a quite strong growth in Revenue. The Revenue has grown by 8.34% in the last year.
  • Measured over the past years, CEG shows a small growth in Revenue. The Revenue has been growing by 7.72% on average per year.
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

  • Based on estimates for the next years, CEG will show a quite strong growth in Earnings Per Share. The EPS will grow by 19.56% on average per year.
  • Based on estimates for the next years, CEG will show a quite strong growth in Revenue. The Revenue will grow by 8.91% on average per year.
EPS Next Y52.39%
EPS Next 2Y33.7%
EPS Next 3Y29.89%
EPS Next 5Y19.56%
Revenue Next Year13.22%
Revenue Next 2Y10.28%
Revenue Next 3Y10.9%
Revenue Next 5Y8.91%

3.3 Evolution

  • The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in 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

  • CEG is valuated quite expensively with a Price/Earnings ratio of 41.56.
  • 84.78% of the companies in the same industry are cheaper than CEG, based on the Price/Earnings ratio.
  • CEG is valuated expensively when we compare the Price/Earnings ratio to 26.25, which is the current average of the S&P500 Index.
  • A Price/Forward Earnings ratio of 27.27 indicates a quite expensive valuation of CEG.
  • Based on the Price/Forward Earnings ratio, CEG is valued more expensive than 84.78% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 24.39. CEG is around the same levels.
Industry RankSector Rank
PE 41.56
Fwd PE 27.27
CEG Price Earnings VS Forward Price EarningsCEG Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • 82.61% of the companies in the same industry are cheaper than CEG, based on the Enterprise Value to EBITDA ratio.
  • Based on the Price/Free Cash Flow ratio, CEG is valued a bit cheaper than 76.09% of the companies in the same industry.
Industry RankSector Rank
P/FCF 89.12
EV/EBITDA 21.21
CEG Per share dataCEG EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60

4.3 Compensation for Growth

  • CEG's 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)0.79
PEG (5Y)1.28
EPS Next 2Y33.7%
EPS Next 3Y29.89%

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

2

5. CEG Dividend Analysis

5.1 Amount

  • With a yearly dividend of 0.51%, CEG is not a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 2.87, CEG's dividend is way lower than its industry peers. On top of this 86.96% of the companies listed in the same industry pay a better dividend than CEG!
  • With a Dividend Yield of 0.51, CEG pays less dividend than the S&P500 average, which is at 1.82.
Industry RankSector Rank
Dividend Yield 0.51%

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

  • 20.96% of the earnings are spent on dividend by CEG. This is a low number and 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 (3/10/2026, 7:06:14 PM)

After market: 317.24 +0.15 (+0.05%)

317.09

-5.9 (-1.83%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)02-24
Earnings (Next)05-04
Inst Owners72.83%
Inst Owner Change1.35%
Ins Owners0.31%
Ins Owner Change46.11%
Market Cap114.78B
Revenue(TTM)25.53B
Net Income(TTM)2.32B
Analysts78.33
Price Target405.24 (27.8%)
Short Float %2.35%
Short Ratio2.11
Dividend
Industry RankSector Rank
Dividend Yield 0.51%
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)-11.05%
EPS NQ rev (3m)-12.86%
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)3.07%
Revenue NY rev (3m)8.66%
Valuation
Industry RankSector Rank
PE 41.56
Fwd PE 27.27
P/S 4.5
P/FCF 89.12
P/OCF 27.09
P/B 7.91
P/tB 8.14
EV/EBITDA 21.21
EPS(TTM)7.63
EY2.41%
EPS(NY)11.63
Fwd EY3.67%
FCF(TTM)3.56
FCFY1.12%
OCF(TTM)11.7
OCFY3.69%
SpS70.54
BVpS40.1
TBVpS38.94
PEG (NY)0.79
PEG (5Y)1.28
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 2.5
F-Score6
WACC8.41%
ROIC/WACC0.54
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 Year13.22%
Revenue Next 2Y10.28%
Revenue Next 3Y10.9%
Revenue Next 5Y8.91%
EBIT growth 1Y-27.91%
EBIT growth 3Y84.17%
EBIT growth 5Y65.18%
EBIT Next Year99.27%
EBIT Next 3Y38.36%
EBIT Next 5Y23.9%
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 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 5 / 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%.