EVERSOURCE ENERGY (ES) Fundamental Analysis & Valuation

NYSE:ES • US30040W1080

73.21 USD
-0.73 (-0.99%)
At close: Mar 12, 2026
73.2542 USD
+0.04 (+0.06%)
After Hours: 3/12/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

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

Fundamental Rating

3

Overall ES gets a fundamental rating of 3 out of 10. We evaluated ES against 46 industry peers in the Electric Utilities industry. ES has a medium profitability rating, but doesn't score so well on its financial health evaluation. ES has a correct valuation and a medium growth rate. ES also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

4

1. ES Profitability Analysis

1.1 Basic Checks

  • In the past year ES was profitable.
  • In the past year ES had a positive cash flow from operations.
  • Of the past 5 years ES 4 years were profitable.
  • Each year in the past 5 years ES had a positive operating cash flow.
ES Yearly Net Income VS EBIT VS OCF VS FCFES Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B 4B

1.2 Ratios

  • The Return On Assets of ES (2.65%) is comparable to the rest of the industry.
  • The Return On Equity of ES (10.35%) is comparable to the rest of the industry.
  • The Return On Invested Capital of ES (4.11%) is comparable to the rest of the industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for ES is in line with the industry average of 4.49%.
  • The last Return On Invested Capital (4.11%) for ES is above the 3 year average (3.90%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 2.65%
ROE 10.35%
ROIC 4.11%
ROA(3y)1.07%
ROA(5y)1.68%
ROE(3y)4.2%
ROE(5y)5.97%
ROIC(3y)3.9%
ROIC(5y)3.79%
ES Yearly ROA, ROE, ROICES Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2 -2 4 6 8 10

1.3 Margins

  • ES has a Profit Margin (12.49%) which is in line with its industry peers.
  • ES's Profit Margin has declined in the last couple of years.
  • ES has a Operating Margin (22.06%) which is in line with its industry peers.
  • ES's Operating Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 22.06%
PM (TTM) 12.49%
GM N/A
OM growth 3Y8.23%
OM growth 5Y-0.22%
PM growth 3Y2.8%
PM growth 5Y-1.59%
GM growth 3YN/A
GM growth 5YN/A
ES Yearly Profit, Operating, Gross MarginsES Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 10 15 20

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1

2. ES Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), ES is destroying value.
  • The number of shares outstanding for ES has been increased compared to 1 year ago.
  • ES has more shares outstanding than it did 5 years ago.
  • The debt/assets ratio for ES has been reduced compared to a year ago.
ES Yearly Shares OutstandingES Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M
ES Yearly Total Debt VS Total AssetsES Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B

2.2 Solvency

  • Based on the Altman-Z score of 0.77, we must say that ES is in the distress zone and has some risk of bankruptcy.
  • ES has a Altman-Z score (0.77) which is comparable to the rest of the industry.
  • A Debt/Equity ratio of 1.76 is on the high side and indicates that ES has dependencies on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 1.76, ES is doing worse than 69.57% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.76
Debt/FCF N/A
Altman-Z 0.77
ROIC/WACC0.7
WACC5.89%
ES Yearly LT Debt VS Equity VS FCFES Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5B 10B 15B 20B 25B

2.3 Liquidity

  • A Current Ratio of 0.65 indicates that ES may have some problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 0.65, ES is in line with its industry, outperforming 41.30% of the companies in the same industry.
  • A Quick Ratio of 0.59 indicates that ES may have some problems paying its short term obligations.
  • ES's Quick ratio of 0.59 is in line compared to the rest of the industry. ES outperforms 50.00% of its industry peers.
Industry RankSector Rank
Current Ratio 0.65
Quick Ratio 0.59
ES Yearly Current Assets VS Current LiabilitesES Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. ES Growth Analysis

3.1 Past

  • The earnings per share for ES have decreased by -0.44% in the last year.
  • ES shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 4.55% yearly.
  • The Revenue has grown by 13.83% in the past year. This is quite good.
  • Measured over the past years, ES shows a quite strong growth in Revenue. The Revenue has been growing by 8.76% on average per year.
EPS 1Y (TTM)-0.44%
EPS 3Y3.69%
EPS 5Y4.55%
EPS Q2Q%10.89%
Revenue 1Y (TTM)13.83%
Revenue growth 3Y3.51%
Revenue growth 5Y8.76%
Sales Q2Q%13.42%

3.2 Future

  • The Earnings Per Share is expected to grow by 7.14% on average over the next years.
  • ES is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.05% yearly.
EPS Next Y12.98%
EPS Next 2Y9.09%
EPS Next 3Y8.06%
EPS Next 5Y7.14%
Revenue Next Year4.62%
Revenue Next 2Y4.11%
Revenue Next 3Y3.19%
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 decreasing: in the next years the growth will be less than in the last years.
ES Yearly Revenue VS EstimatesES Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 5B 10B 15B
ES Yearly EPS VS EstimatesES Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2 4 6

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4

4. ES Valuation Analysis

4.1 Price/Earnings Ratio

  • ES is valuated correctly with a Price/Earnings ratio of 16.05.
  • Based on the Price/Earnings ratio, ES is valued a bit cheaper than the industry average as 65.22% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Earnings ratio of 25.71, ES is valued a bit cheaper.
  • A Price/Forward Earnings ratio of 14.21 indicates a correct valuation of ES.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of ES indicates a somewhat cheap valuation: ES is cheaper than 65.22% of the companies listed in the same industry.
  • When comparing the Price/Forward Earnings ratio of ES to the average of the S&P500 Index (23.82), we can say ES is valued slightly cheaper.
Industry RankSector Rank
PE 16.05
Fwd PE 14.21
ES Price Earnings VS Forward Price EarningsES Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • ES's Enterprise Value to EBITDA is on the same level as the industry average.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 12.35
ES Per share dataES EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30 40

4.3 Compensation for Growth

  • ES's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.24
PEG (5Y)3.53
EPS Next 2Y9.09%
EPS Next 3Y8.06%

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

8

5. ES Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 4.20%, ES is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 2.87, ES pays a better dividend. On top of this ES pays more dividend than 89.13% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.82, ES pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.2%

5.2 History

  • The dividend of ES has a limited annual growth rate of 5.82%.
  • ES has paid a dividend for at least 10 years, which is a reliable track record.
  • ES has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)5.82%
Div Incr Years25
Div Non Decr Years25
ES Yearly Dividends per shareES Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2 2.5

5.3 Sustainability

  • ES pays out 65.03% of its income as dividend. This is not a sustainable payout ratio.
  • The dividend of ES is growing, but earnings are growing more, so the dividend growth is sustainable.
DP65.03%
EPS Next 2Y9.09%
EPS Next 3Y8.06%
ES Yearly Income VS Free CF VS DividendES Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B -1B -2B
ES Dividend Payout.ES Dividend Payout, showing the Payout Ratio.ES Dividend Payout.PayoutRetained Earnings

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ES Fundamentals: All Metrics, Ratios and Statistics

EVERSOURCE ENERGY

NYSE:ES (3/12/2026, 8:04:00 PM)

After market: 73.2542 +0.04 (+0.06%)

73.21

-0.73 (-0.99%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)02-12
Earnings (Next)04-29
Inst Owners86.64%
Inst Owner Change0.86%
Ins Owners0.15%
Ins Owner Change-1.68%
Market Cap27.47B
Revenue(TTM)13.55B
Net Income(TTM)1.69B
Analysts73.85
Price Target76.59 (4.62%)
Short Float %1.76%
Short Ratio2.54
Dividend
Industry RankSector Rank
Dividend Yield 4.2%
Yearly Dividend2.97
Dividend Growth(5Y)5.82%
DP65.03%
Div Incr Years25
Div Non Decr Years25
Ex-Date03-05
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-9.18%
Min EPS beat(2)-15.87%
Max EPS beat(2)-2.49%
EPS beat(4)0
Avg EPS beat(4)-6.1%
Min EPS beat(4)-15.87%
Max EPS beat(4)-2.38%
EPS beat(8)1
Avg EPS beat(8)-3.67%
EPS beat(12)4
Avg EPS beat(12)0.94%
EPS beat(16)5
Avg EPS beat(16)0.45%
Revenue beat(2)1
Avg Revenue beat(2)9.67%
Min Revenue beat(2)-1.24%
Max Revenue beat(2)20.58%
Revenue beat(4)2
Avg Revenue beat(4)5.63%
Min Revenue beat(4)-5.46%
Max Revenue beat(4)20.58%
Revenue beat(8)2
Avg Revenue beat(8)-2.33%
Revenue beat(12)3
Avg Revenue beat(12)-4.54%
Revenue beat(16)7
Avg Revenue beat(16)2.56%
PT rev (1m)2.85%
PT rev (3m)3.33%
EPS NQ rev (1m)-2.22%
EPS NQ rev (3m)-2.55%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.17%
Revenue NQ rev (1m)-2.14%
Revenue NQ rev (3m)0.34%
Revenue NY rev (1m)-0.12%
Revenue NY rev (3m)0.68%
Valuation
Industry RankSector Rank
PE 16.05
Fwd PE 14.21
P/S 2.03
P/FCF N/A
P/OCF 6.68
P/B 1.68
P/tB 2.27
EV/EBITDA 12.35
EPS(TTM)4.56
EY6.23%
EPS(NY)5.15
Fwd EY7.04%
FCF(TTM)-0.12
FCFYN/A
OCF(TTM)10.96
OCFY14.98%
SpS36.11
BVpS43.59
TBVpS32.3
PEG (NY)1.24
PEG (5Y)3.53
Graham Number66.87
Profitability
Industry RankSector Rank
ROA 2.65%
ROE 10.35%
ROCE 5.34%
ROIC 4.11%
ROICexc 4.12%
ROICexgc 4.45%
OM 22.06%
PM (TTM) 12.49%
GM N/A
FCFM N/A
ROA(3y)1.07%
ROA(5y)1.68%
ROE(3y)4.2%
ROE(5y)5.97%
ROIC(3y)3.9%
ROIC(5y)3.79%
ROICexc(3y)3.91%
ROICexc(5y)3.8%
ROICexgc(3y)4.23%
ROICexgc(5y)4.15%
ROCE(3y)5.11%
ROCE(5y)4.95%
ROICexgc growth 3Y4.37%
ROICexgc growth 5Y1.42%
ROICexc growth 3Y5.19%
ROICexc growth 5Y2.11%
OM growth 3Y8.23%
OM growth 5Y-0.22%
PM growth 3Y2.8%
PM growth 5Y-1.59%
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.21
Health
Industry RankSector Rank
Debt/Equity 1.76
Debt/FCF N/A
Debt/EBITDA 6.31
Cap/Depr 265.12%
Cap/Sales 30.7%
Interest Coverage 2.53
Cash Conversion 90.27%
Profit Quality N/A
Current Ratio 0.65
Quick Ratio 0.59
Altman-Z 0.77
F-Score7
WACC5.89%
ROIC/WACC0.7
Cap/Depr(3y)303.26%
Cap/Depr(5y)297.17%
Cap/Sales(3y)34.92%
Cap/Sales(5y)32.98%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-0.44%
EPS 3Y3.69%
EPS 5Y4.55%
EPS Q2Q%10.89%
EPS Next Y12.98%
EPS Next 2Y9.09%
EPS Next 3Y8.06%
EPS Next 5Y7.14%
Revenue 1Y (TTM)13.83%
Revenue growth 3Y3.51%
Revenue growth 5Y8.76%
Sales Q2Q%13.42%
Revenue Next Year4.62%
Revenue Next 2Y4.11%
Revenue Next 3Y3.19%
Revenue Next 5Y5.05%
EBIT growth 1Y10.45%
EBIT growth 3Y12.02%
EBIT growth 5Y8.52%
EBIT Next Year74.35%
EBIT Next 3Y25.41%
EBIT Next 5Y17.04%
FCF growth 1Y98.06%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y90.47%
OCF growth 3Y19.65%
OCF growth 5Y19.58%

EVERSOURCE ENERGY / ES FAQ

What is the fundamental rating for ES stock?

ChartMill assigns a fundamental rating of 3 / 10 to ES.


What is the valuation status for ES stock?

ChartMill assigns a valuation rating of 4 / 10 to EVERSOURCE ENERGY (ES). This can be considered as Fairly Valued.


Can you provide the profitability details for EVERSOURCE ENERGY?

EVERSOURCE ENERGY (ES) has a profitability rating of 4 / 10.


What is the expected EPS growth for EVERSOURCE ENERGY (ES) stock?

The Earnings per Share (EPS) of EVERSOURCE ENERGY (ES) is expected to grow by 12.98% in the next year.


How sustainable is the dividend of EVERSOURCE ENERGY (ES) stock?

The dividend rating of EVERSOURCE ENERGY (ES) is 8 / 10 and the dividend payout ratio is 65.03%.