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CONSTELLATION ENERGY (CEG) Stock Fundamental Analysis

USA - NASDAQ:CEG - US21037T1097 - Common Stock

324.712 USD
+2 (+0.62%)
Last: 9/19/2025, 9:58:51 AM
Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to CEG. CEG was compared to 48 industry peers in the Electric Utilities industry. CEG has an average financial health and profitability rating. While showing a medium growth rate, CEG is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

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6

1. Profitability

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 0 2B -2B 4B -4B -6B

1.2 Ratios

CEG has a better Return On Assets (5.67%) than 89.58% of its industry peers.
The Return On Equity of CEG (22.38%) is better than 93.75% of its industry peers.
CEG has a better Return On Invested Capital (5.84%) than 75.00% 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 5.43%.
The last Return On Invested Capital (5.84%) for CEG is above the 3 year average (3.44%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 5.67%
ROE 22.38%
ROIC 5.84%
ROA(3y)3.31%
ROA(5y)2.15%
ROE(3y)13.96%
ROE(5y)8.96%
ROIC(3y)3.44%
ROIC(5y)N/A
CEG Yearly ROA, ROE, ROICCEG Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 2024 0 10 20

1.3 Margins

Looking at the Profit Margin, with a value of 12.12%, CEG is in line with its industry, outperforming 45.83% of the companies in the same industry.
In the last couple of years the Profit Margin of CEG has grown nicely.
CEG has a worse Operating Margin (15.19%) than 77.08% of its industry peers.
CEG's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 46.71%, CEG is in line with its industry, outperforming 50.00% of the companies in the same industry.
In the last couple of years the Gross Margin of CEG has grown nicely.
Industry RankSector Rank
OM 15.19%
PM (TTM) 12.12%
GM 46.71%
OM growth 3YN/A
OM growth 5Y22.56%
PM growth 3YN/A
PM growth 5Y21.76%
GM growth 3Y10.6%
GM growth 5Y3.87%
CEG Yearly Profit, Operating, Gross MarginsCEG Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 2024 0 10 20 30 40 50

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5

2. Health

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.
Compared to 1 year ago, CEG has less shares outstanding
Compared to 5 years ago, CEG has less shares outstanding
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 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 10B 20B 30B 40B 50B

2.2 Solvency

An Altman-Z score of 2.42 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 2.42, CEG belongs to the top of the industry, outperforming 91.67% 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 fine compared to the rest of the industry. CEG outperforms 77.08% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.61
Debt/FCF N/A
Altman-Z 2.42
ROIC/WACC0.7
WACC8.3%
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 0 5B -5B 10B

2.3 Liquidity

CEG has a Current Ratio of 1.48. This is a normal value and indicates that CEG is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.48, CEG is in the better half of the industry, outperforming 77.08% of the companies in the same industry.
A Quick Ratio of 1.22 indicates that CEG should not have too much problems paying its short term obligations.
The Quick ratio of CEG (1.22) is better than 79.17% of its industry peers.
Industry RankSector Rank
Current Ratio 1.48
Quick Ratio 1.22
CEG Yearly Current Assets VS Current LiabilitesCEG Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

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4

3. Growth

3.1 Past

CEG shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 17.44%, which is quite good.
The Earnings Per Share has been growing by 28.10% on average over the past years. This is a very strong growth
CEG shows a small growth in Revenue. In the last year, the Revenue has grown by 5.43%.
CEG shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.49% yearly.
EPS 1Y (TTM)17.44%
EPS 3YN/A
EPS 5Y28.1%
EPS Q2Q%-25.97%
Revenue 1Y (TTM)5.43%
Revenue growth 3Y6.25%
Revenue growth 5Y4.49%
Sales Q2Q%11.43%

3.2 Future

CEG is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.17% yearly.
The Revenue is expected to grow by 4.02% on average over the next years.
EPS Next Y-28.76%
EPS Next 2Y-7.65%
EPS Next 3Y-0.35%
EPS Next 5Y5.17%
Revenue Next Year-0.92%
Revenue Next 2Y0.73%
Revenue Next 3Y2.45%
Revenue Next 5Y4.02%

3.3 Evolution

The EPS growth rate is decreasing: in the next years the growth will be less 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 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 0 5 10 15

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1

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 36.82, which means the current valuation is very expensive for CEG.
Based on the Price/Earnings ratio, CEG is valued more expensive than 87.50% of the companies in the same industry.
CEG is valuated rather expensively when we compare the Price/Earnings ratio to 27.41, which is the current average of the S&P500 Index.
CEG is valuated quite expensively with a Price/Forward Earnings ratio of 32.02.
CEG's Price/Forward Earnings ratio is rather expensive when compared to the industry. CEG is more expensive than 83.33% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.88, CEG is valued a bit more expensive.
Industry RankSector Rank
PE 36.82
Fwd PE 32.02
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

83.33% of the companies in the same industry are cheaper than CEG, based on the Enterprise Value to EBITDA ratio.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 19.03
CEG Per share dataCEG EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40 60

4.3 Compensation for Growth

The decent profitability rating of CEG may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.31
EPS Next 2Y-7.65%
EPS Next 3Y-0.35%

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2

5. Dividend

5.1 Amount

CEG has a yearly dividend return of 0.49%, which is pretty low.
With a Dividend Yield of 0.49, CEG pays less dividend than the industry average, which is at 3.47. 85.42% of the companies listed in the same industry pay a better dividend than CEG!
Compared to an average S&P500 Dividend Yield of 2.38, CEG's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.49%

5.2 History

CEG has been paying a dividend for less than 5 years, so it still needs to build a track record.
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 0.2 0.4 0.6 0.8 1

5.3 Sustainability

CEG pays out 15.49% of its income as dividend. This is a sustainable payout ratio.
DP15.49%
EPS Next 2Y-7.65%
EPS Next 3Y-0.35%
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 0 2B -2B -4B -6B
CEG Dividend Payout.CEG Dividend Payout, showing the Payout Ratio.CEG Dividend Payout.PayoutRetained Earnings

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CONSTELLATION ENERGY

NASDAQ:CEG (9/19/2025, 9:58:51 AM)

324.712

+2 (+0.62%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)08-07 2025-08-07/bmo
Earnings (Next)11-03 2025-11-03
Inst Owners85.75%
Inst Owner Change-3.74%
Ins Owners0.25%
Ins Owner Change5.87%
Market Cap101.44B
Analysts79
Price Target337.43 (3.92%)
Short Float %2.21%
Short Ratio3.08
Dividend
Industry RankSector Rank
Dividend Yield 0.49%
Yearly Dividend1.41
Dividend Growth(5Y)N/A
DP15.49%
Div Incr Years2
Div Non Decr Years2
Ex-Date08-18 2025-08-18 (0.3878)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-40.14%
Min EPS beat(2)-83.02%
Max EPS beat(2)2.74%
EPS beat(4)3
Avg EPS beat(4)-2.97%
Min EPS beat(4)-83.02%
Max EPS beat(4)43.37%
EPS beat(8)6
Avg EPS beat(8)11.01%
EPS beat(12)7
Avg EPS beat(12)-0.43%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)24.31%
Min Revenue beat(2)23.53%
Max Revenue beat(2)25.1%
Revenue beat(4)3
Avg Revenue beat(4)11.01%
Min Revenue beat(4)-18.07%
Max Revenue beat(4)25.1%
Revenue beat(8)4
Avg Revenue beat(8)2.4%
Revenue beat(12)8
Avg Revenue beat(12)19.98%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)4.34%
PT rev (3m)12.26%
EPS NQ rev (1m)-1.85%
EPS NQ rev (3m)-0.38%
EPS NY rev (1m)-9.43%
EPS NY rev (3m)-10.25%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.3%
Revenue NY rev (1m)2.04%
Revenue NY rev (3m)2.6%
Valuation
Industry RankSector Rank
PE 36.82
Fwd PE 32.02
P/S 4.09
P/FCF N/A
P/OCF 222.46
P/B 7.54
P/tB 7.79
EV/EBITDA 19.03
EPS(TTM)8.82
EY2.72%
EPS(NY)10.14
Fwd EY3.12%
FCF(TTM)-7.68
FCFYN/A
OCF(TTM)1.46
OCFY0.45%
SpS79.45
BVpS43.04
TBVpS41.7
PEG (NY)N/A
PEG (5Y)1.31
Profitability
Industry RankSector Rank
ROA 5.67%
ROE 22.38%
ROCE 8.06%
ROIC 5.84%
ROICexc 6.09%
ROICexgc 6.15%
OM 15.19%
PM (TTM) 12.12%
GM 46.71%
FCFM N/A
ROA(3y)3.31%
ROA(5y)2.15%
ROE(3y)13.96%
ROE(5y)8.96%
ROIC(3y)3.44%
ROIC(5y)N/A
ROICexc(3y)3.61%
ROICexc(5y)N/A
ROICexgc(3y)3.64%
ROICexgc(5y)N/A
ROCE(3y)4.71%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y27.48%
ROICexc growth 3YN/A
ROICexc growth 5Y27.26%
OM growth 3YN/A
OM growth 5Y22.56%
PM growth 3YN/A
PM growth 5Y21.76%
GM growth 3Y10.6%
GM growth 5Y3.87%
F-Score8
Asset Turnover0.47
Health
Industry RankSector Rank
Debt/Equity 0.61
Debt/FCF N/A
Debt/EBITDA 1.47
Cap/Depr 157.33%
Cap/Sales 11.5%
Interest Coverage 250
Cash Conversion 8.17%
Profit Quality N/A
Current Ratio 1.48
Quick Ratio 1.22
Altman-Z 2.42
F-Score8
WACC8.3%
ROIC/WACC0.7
Cap/Depr(3y)86.98%
Cap/Depr(5y)67.65%
Cap/Sales(3y)9.17%
Cap/Sales(5y)8.84%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)17.44%
EPS 3YN/A
EPS 5Y28.1%
EPS Q2Q%-25.97%
EPS Next Y-28.76%
EPS Next 2Y-7.65%
EPS Next 3Y-0.35%
EPS Next 5Y5.17%
Revenue 1Y (TTM)5.43%
Revenue growth 3Y6.25%
Revenue growth 5Y4.49%
Sales Q2Q%11.43%
Revenue Next Year-0.92%
Revenue Next 2Y0.73%
Revenue Next 3Y2.45%
Revenue Next 5Y4.02%
EBIT growth 1Y33.5%
EBIT growth 3YN/A
EBIT growth 5Y28.06%
EBIT Next Year29%
EBIT Next 3Y22.97%
EBIT Next 5Y14.86%
FCF growth 1Y65.58%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y109.62%
OCF growth 3YN/A
OCF growth 5YN/A