CONSOLIDATED EDISON INC (ED) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:ED - US2091151041 - Common Stock
99.37 USD
+0.05 (+0.05%)
99.27 USD
-0.1 (-0.1%)
Taking everything into account, ED scores 5 out of 10 in our fundamental rating. ED was compared to 26 industry peers in the Multi-Utilities industry. ED has a medium profitability rating, but doesn't score so well on its financial health evaluation. ED is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
ED had positive earnings in the past year.
In the past year ED had a positive cash flow from operations.
Each year in the past 5 years ED has been profitable.
In the past 5 years ED always reported a positive cash flow from operatings.
1.2 Ratios
With an excellent Return On Assets value of 2.83%, ED belongs to the best of the industry, outperforming 88.46% of the companies in the same industry.
ED has a Return On Equity (8.42%) which is in line with its industry peers.
Looking at the Return On Invested Capital, with a value of 3.67%, ED is doing worse than 73.08% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for ED is in line with the industry average of 3.94%.
The last Return On Invested Capital (3.67%) for ED is above the 3 year average (3.42%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.83% | ||
| ROE | 8.42% | ||
| ROIC | 3.67% |
ROA(3y)2.93%
ROA(5y)2.53%
ROE(3y)9.41%
ROE(5y)8.16%
ROIC(3y)3.42%
ROIC(5y)3.64%
1.3 Margins
With a Profit Margin value of 12.26%, ED perfoms like the industry average, outperforming 46.15% of the companies in the same industry.
ED's Profit Margin has improved in the last couple of years.
With a Operating Margin value of 17.82%, ED is not doing good in the industry: 73.08% of the companies in the same industry are doing better.
In the last couple of years the Operating Margin of ED has declined.
With an excellent Gross Margin value of 77.43%, ED belongs to the best of the industry, outperforming 88.46% of the companies in the same industry.
In the last couple of years the Gross Margin of ED has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 17.82% | ||
| PM (TTM) | 12.26% | ||
| GM | 77.43% |
OM growth 3Y-4.66%
OM growth 5Y-3.39%
PM growth 3Y6.62%
PM growth 5Y2.24%
GM growth 3Y-0.95%
GM growth 5Y-0.37%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ED is destroying value.
ED has more shares outstanding than it did 1 year ago.
ED has more shares outstanding than it did 5 years ago.
ED has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.11, we must say that ED is in the distress zone and has some risk of bankruptcy.
ED has a Altman-Z score of 1.11. This is amongst the best in the industry. ED outperforms 88.46% of its industry peers.
A Debt/Equity ratio of 1.08 is on the high side and indicates that ED has dependencies on debt financing.
ED's Debt to Equity ratio of 1.08 is amongst the best of the industry. ED outperforms 92.31% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.08 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.11 |
ROIC/WACC0.56
WACC6.58%
2.3 Liquidity
A Current Ratio of 1.08 indicates that ED should not have too much problems paying its short term obligations.
ED's Current ratio of 1.08 is fine compared to the rest of the industry. ED outperforms 65.38% of its industry peers.
A Quick Ratio of 0.97 indicates that ED may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.97, ED belongs to the top of the industry, outperforming 84.62% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.08 | ||
| Quick Ratio | 0.97 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 7.20% over the past year.
The Earnings Per Share has been growing slightly by 4.28% on average over the past years.
The Revenue has grown by 10.35% in the past year. This is quite good.
Measured over the past years, ED shows a small growth in Revenue. The Revenue has been growing by 3.94% on average per year.
EPS 1Y (TTM)7.2%
EPS 3Y7.23%
EPS 5Y4.28%
EPS Q2Q%13.1%
Revenue 1Y (TTM)10.35%
Revenue growth 3Y3.71%
Revenue growth 5Y3.94%
Sales Q2Q%10.7%
3.2 Future
The Earnings Per Share is expected to grow by 5.91% on average over the next years.
Based on estimates for the next years, ED will show a small growth in Revenue. The Revenue will grow by 4.74% on average per year.
EPS Next Y7.91%
EPS Next 2Y7.24%
EPS Next 3Y6.87%
EPS Next 5Y5.91%
Revenue Next Year8.42%
Revenue Next 2Y5.86%
Revenue Next 3Y5.37%
Revenue Next 5Y4.74%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better 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 accelerating.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 17.10, the valuation of ED can be described as rather expensive.
Compared to the rest of the industry, the Price/Earnings ratio of ED is on the same level as its industry peers.
ED is valuated rather cheaply when we compare the Price/Earnings ratio to 27.17, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 16.00, which indicates a correct valuation of ED.
ED's Price/Forward Earnings is on the same level as the industry average.
ED is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 23.79, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.1 | ||
| Fwd PE | 16 |
4.2 Price Multiples
ED's Enterprise Value to EBITDA ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 11.57 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
ED has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)2.16
PEG (5Y)4
EPS Next 2Y7.24%
EPS Next 3Y6.87%
5. Dividend
5.1 Amount
ED has a Yearly Dividend Yield of 3.42%.
ED's Dividend Yield is slightly below the industry average, which is at 4.62.
ED's Dividend Yield is rather good when compared to the S&P500 average which is at 1.94.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.42% |
5.2 History
The dividend of ED has a limited annual growth rate of 2.39%.
ED has been paying a dividend for at least 10 years, so it has a reliable track record.
ED has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)2.39%
Div Incr Years34
Div Non Decr Years34
5.3 Sustainability
ED pays out 56.36% of its income as dividend. This is a bit on the high side, but may be sustainable.
The dividend of ED is growing, but earnings are growing more, so the dividend growth is sustainable.
DP56.36%
EPS Next 2Y7.24%
EPS Next 3Y6.87%
99.37
+0.05 (+0.05%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryMulti-Utilities
Earnings (Last)
Earnings (Next)
Inst Owners72.87%
Inst Owner Change0%
Ins Owners0.16%
Ins Owner Change-0.76%
Market Cap35.87B
Revenue(TTM)16.59B
Net Income(TTM)2.04B
Analysts52
Price Target105.42 (6.09%)
Short Float %2.32%
Short Ratio3.91
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.42% |
Yearly Dividend3.18
Dividend Growth(5Y)2.39%
DP56.36%
Div Incr Years34
Div Non Decr Years34
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)3.73%
Min EPS beat(2)1.57%
Max EPS beat(2)5.89%
EPS beat(4)3
Avg EPS beat(4)1.81%
Min EPS beat(4)-0.36%
Max EPS beat(4)5.89%
EPS beat(8)7
Avg EPS beat(8)2.57%
EPS beat(12)8
Avg EPS beat(12)2.29%
EPS beat(16)11
Avg EPS beat(16)3.25%
Revenue beat(2)2
Avg Revenue beat(2)2.57%
Min Revenue beat(2)0.84%
Max Revenue beat(2)4.31%
Revenue beat(4)3
Avg Revenue beat(4)1.69%
Min Revenue beat(4)-3.22%
Max Revenue beat(4)4.83%
Revenue beat(8)3
Avg Revenue beat(8)-2.4%
Revenue beat(12)5
Avg Revenue beat(12)0.26%
Revenue beat(16)9
Avg Revenue beat(16)2.79%
PT rev (1m)-0.34%
PT rev (3m)-1.75%
EPS NQ rev (1m)-3.87%
EPS NQ rev (3m)-15.39%
EPS NY rev (1m)0.12%
EPS NY rev (3m)0.64%
Revenue NQ rev (1m)-0.13%
Revenue NQ rev (3m)-0.29%
Revenue NY rev (1m)0.51%
Revenue NY rev (3m)2.11%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.1 | ||
| Fwd PE | 16 | ||
| P/S | 2.16 | ||
| P/FCF | N/A | ||
| P/OCF | 7.75 | ||
| P/B | 1.48 | ||
| P/tB | 1.51 | ||
| EV/EBITDA | 11.57 |
EPS(TTM)5.81
EY5.85%
EPS(NY)6.21
Fwd EY6.25%
FCF(TTM)-0.19
FCFYN/A
OCF(TTM)12.83
OCFY12.91%
SpS45.97
BVpS66.96
TBVpS65.83
PEG (NY)2.16
PEG (5Y)4
Graham Number93.56
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.83% | ||
| ROE | 8.42% | ||
| ROCE | 4.43% | ||
| ROIC | 3.67% | ||
| ROICexc | 3.68% | ||
| ROICexgc | 3.7% | ||
| OM | 17.82% | ||
| PM (TTM) | 12.26% | ||
| GM | 77.43% | ||
| FCFM | N/A |
ROA(3y)2.93%
ROA(5y)2.53%
ROE(3y)9.41%
ROE(5y)8.16%
ROIC(3y)3.42%
ROIC(5y)3.64%
ROICexc(3y)3.49%
ROICexc(5y)3.71%
ROICexgc(3y)3.52%
ROICexgc(5y)3.78%
ROCE(3y)4.23%
ROCE(5y)4.48%
ROICexgc growth 3Y-5.69%
ROICexgc growth 5Y-4.55%
ROICexc growth 3Y-4.94%
ROICexc growth 5Y-3.92%
OM growth 3Y-4.66%
OM growth 5Y-3.39%
PM growth 3Y6.62%
PM growth 5Y2.24%
GM growth 3Y-0.95%
GM growth 5Y-0.37%
F-Score6
Asset Turnover0.23
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.08 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 5 | ||
| Cap/Depr | 206.05% | ||
| Cap/Sales | 28.31% | ||
| Interest Coverage | 2.59 | ||
| Cash Conversion | 88.41% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.08 | ||
| Quick Ratio | 0.97 | ||
| Altman-Z | 1.11 |
F-Score6
WACC6.58%
ROIC/WACC0.56
Cap/Depr(3y)216.17%
Cap/Depr(5y)209.9%
Cap/Sales(3y)29.64%
Cap/Sales(5y)30.04%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)7.2%
EPS 3Y7.23%
EPS 5Y4.28%
EPS Q2Q%13.1%
EPS Next Y7.91%
EPS Next 2Y7.24%
EPS Next 3Y6.87%
EPS Next 5Y5.91%
Revenue 1Y (TTM)10.35%
Revenue growth 3Y3.71%
Revenue growth 5Y3.94%
Sales Q2Q%10.7%
Revenue Next Year8.42%
Revenue Next 2Y5.86%
Revenue Next 3Y5.37%
Revenue Next 5Y4.74%
EBIT growth 1Y10.54%
EBIT growth 3Y-1.12%
EBIT growth 5Y0.42%
EBIT Next Year91.39%
EBIT Next 3Y32.28%
EBIT Next 5Y20.15%
FCF growth 1Y96.45%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y85.35%
OCF growth 3Y9.76%
OCF growth 5Y2.89%
CONSOLIDATED EDISON INC / ED FAQ
Can you provide the ChartMill fundamental rating for CONSOLIDATED EDISON INC?
ChartMill assigns a fundamental rating of 5 / 10 to ED.
Can you provide the valuation status for CONSOLIDATED EDISON INC?
ChartMill assigns a valuation rating of 3 / 10 to CONSOLIDATED EDISON INC (ED). This can be considered as Overvalued.
What is the profitability of ED stock?
CONSOLIDATED EDISON INC (ED) has a profitability rating of 6 / 10.
Can you provide the financial health for ED stock?
The financial health rating of CONSOLIDATED EDISON INC (ED) is 3 / 10.
Is the dividend of CONSOLIDATED EDISON INC sustainable?
The dividend rating of CONSOLIDATED EDISON INC (ED) is 6 / 10 and the dividend payout ratio is 56.36%.