EXELON CORP (EXC)
US30161N1019 - Common Stock
Taking everything into account, EXC scores 4 out of 10 in our fundamental rating. EXC was compared to 45 industry peers in the Electric Utilities industry. There are concerns on the financial health of EXC while its profitability can be described as average. EXC is quite expensive at the moment. It does show a decent growth rate. EXC also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
EXC had positive earnings in the past year.
In the past year EXC had a positive cash flow from operations.
EXC had positive earnings in each of the past 5 years.
EXC had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 2.29%, EXC is in line with its industry, outperforming 48.89% of the companies in the same industry.
EXC has a Return On Equity of 9.04%. This is comparable to the rest of the industry: EXC outperforms 57.78% of its industry peers.
The Return On Invested Capital of EXC (3.65%) is comparable to the rest of the industry.
EXC had an Average Return On Invested Capital over the past 3 years of 2.94%. This is in line with the industry average of 4.58%.
The 3 year average ROIC (2.94%) for EXC is below the current ROIC(3.65%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.29% | ||
| ROE | 9.04% | ||
| ROIC | 3.65% |
ROA(3y)1.95%
ROA(5y)1.94%
ROE(3y)7.59%
ROE(5y)7.58%
ROIC(3y)2.94%
ROIC(5y)2.83%
1.3 Margins
EXC's Profit Margin of 10.72% is in line compared to the rest of the industry. EXC outperforms 53.33% of its industry peers.
In the last couple of years the Profit Margin of EXC has grown nicely.
EXC's Operating Margin of 18.48% is in line compared to the rest of the industry. EXC outperforms 51.11% of its industry peers.
In the last couple of years the Operating Margin of EXC has grown nicely.
EXC has a Gross Margin of 62.07%. This is comparable to the rest of the industry: EXC outperforms 55.56% of its industry peers.
EXC's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.48% | ||
| PM (TTM) | 10.72% | ||
| GM | 62.07% |
OM growth 3Y29.67%
OM growth 5Y11.62%
PM growth 3Y21.72%
PM growth 5Y13.97%
GM growth 3Y0.93%
GM growth 5Y1.79%
2. Health
2.1 Basic Checks
EXC has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for EXC has been increased compared to 1 year ago.
The number of shares outstanding for EXC has been increased compared to 5 years ago.
Compared to 1 year ago, EXC has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.69, we must say that EXC is in the distress zone and has some risk of bankruptcy.
EXC has a worse Altman-Z score (0.69) than 62.22% of its industry peers.
EXC has a Debt/Equity ratio of 1.65. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of EXC (1.65) is worse than 73.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.65 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.69 |
ROIC/WACC0.6
WACC6.12%
2.3 Liquidity
A Current Ratio of 0.81 indicates that EXC may have some problems paying its short term obligations.
EXC has a Current ratio (0.81) which is comparable to the rest of the industry.
A Quick Ratio of 0.73 indicates that EXC may have some problems paying its short term obligations.
EXC's Quick ratio of 0.73 is in line compared to the rest of the industry. EXC outperforms 48.89% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.81 | ||
| Quick Ratio | 0.73 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 5.31% over the past year.
EXC shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -5.33% yearly.
EXC shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 13.90%.
Measured over the past years, EXC shows a decrease in Revenue. The Revenue has been decreasing by -9.59% on average per year.
EPS 1Y (TTM)5.31%
EPS 3Y-9.59%
EPS 5Y-5.33%
EPS growth Q2Q39.53%
Revenue 1Y (TTM)13.9%
Revenue growth 3Y-13.04%
Revenue growth 5Y-9.59%
Revenue growth Q2Q15.02%
3.2 Future
The Earnings Per Share is expected to grow by 7.17% on average over the next years.
EXC is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.38% yearly.
EPS Next Y3.58%
EPS Next 2Y5.41%
EPS Next 3Y5.56%
EPS Next 5Y7.17%
Revenue Next Year6.06%
Revenue Next 2Y4.67%
Revenue Next 3Y4.05%
Revenue Next 5Y3.38%
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 accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 15.78 indicates a correct valuation of EXC.
62.22% of the companies in the same industry are more expensive than EXC, based on the Price/Earnings ratio.
EXC is valuated rather cheaply when we compare the Price/Earnings ratio to 24.76, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 15.23, the valuation of EXC can be described as correct.
EXC's Price/Forward Earnings ratio is in line with the industry average.
EXC is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 21.26, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.78 | ||
| Fwd PE | 15.23 |
4.2 Price Multiples
EXC's Enterprise Value to EBITDA is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 10.33 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
EXC has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)4.41
PEG (5Y)N/A
EPS Next 2Y5.41%
EPS Next 3Y5.56%
5. Dividend
5.1 Amount
EXC has a Yearly Dividend Yield of 4.13%, which is a nice return.
Compared to an average industry Dividend Yield of 5.35, EXC has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.40, EXC pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.13% |
5.2 History
The dividend of EXC has a limited annual growth rate of 0.83%.
EXC has paid a dividend for at least 10 years, which is a reliable track record.
EXC has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)0.83%
Div Incr Years2
Div Non Decr Years9
5.3 Sustainability
EXC pays out 61.53% of its income as dividend. This is not a sustainable payout ratio.
EXC's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP61.53%
EPS Next 2Y5.41%
EPS Next 3Y5.56%
EXELON CORP
NASDAQ:EXC (4/19/2024, 5:28:15 PM)
After market: 37.69 +0.14 (+0.37%)37.55
+0.87 (+2.37%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap37.54B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.13% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
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Min EPS beat(4)
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EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
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Revenue beat(4)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.78 | ||
| Fwd PE | 15.23 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)4.41
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.29% | ||
| ROE | 9.04% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 18.48% | ||
| PM (TTM) | 10.72% | ||
| GM | 62.07% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.21
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.65 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.81 | ||
| Quick Ratio | 0.73 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)5.31%
EPS 3Y-9.59%
EPS 5Y
EPS growth Q2Q
EPS Next Y3.58%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)13.9%
Revenue growth 3Y-13.04%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y