EXELON CORP (EXC) Stock Fundamental Analysis
USA - NASDAQ:EXC - US30161N1019 - Common Stock
44.97 USD
-0.09 (-0.2%)
44.95 USD
-0.02 (-0.04%)
EXC gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 47 industry peers in the Electric Utilities industry. While EXC is still in line with the averages on profitability rating, there are concerns on its financial health. EXC is quite expensive at the moment. It does show a decent growth rate. Finally EXC also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year EXC was profitable.
In the past year EXC had a positive cash flow from operations.
Each year in the past 5 years EXC has been profitable.
In the past 5 years EXC always reported a positive cash flow from operatings.
1.2 Ratios
With a Return On Assets value of 2.39%, EXC is not doing good in the industry: 70.21% of the companies in the same industry are doing better.
EXC has a Return On Equity (9.61%) which is comparable to the rest of the industry.
EXC has a Return On Invested Capital (4.11%) which is in line with its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for EXC is in line with the industry average of 5.01%.
The last Return On Invested Capital (4.11%) for EXC is above the 3 year average (3.67%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.39% | ||
| ROE | 9.61% | ||
| ROIC | 4.11% |
ROA(3y)2.28%
ROA(5y)1.93%
ROE(3y)8.98%
ROE(5y)7.59%
ROIC(3y)3.67%
ROIC(5y)3.02%
1.3 Margins
The Profit Margin of EXC (11.16%) is worse than 63.83% of its industry peers.
EXC's Profit Margin has improved in the last couple of years.
EXC has a Operating Margin (20.00%) which is comparable to the rest of the industry.
In the last couple of years the Operating Margin of EXC has grown nicely.
EXC has a Gross Margin (63.39%) which is in line with its industry peers.
In the last couple of years the Gross Margin of EXC has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 20% | ||
| PM (TTM) | 11.16% | ||
| GM | 63.39% |
OM growth 3Y7.75%
OM growth 5Y8.21%
PM growth 3Y3.95%
PM growth 5Y4.61%
GM growth 3Y-3.86%
GM growth 5Y1.43%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), EXC 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.
EXC has about the same debt/assets ratio as last year.
2.2 Solvency
EXC has an Altman-Z score of 0.76. This is a bad value and indicates that EXC is not financially healthy and even has some risk of bankruptcy.
EXC has a worse Altman-Z score (0.76) than 63.83% of its industry peers.
EXC has a Debt/Equity ratio of 1.70. This is a high value indicating a heavy dependency on external financing.
EXC has a Debt to Equity ratio of 1.70. This is in the lower half of the industry: EXC underperforms 68.09% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.7 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.76 |
ROIC/WACC0.66
WACC6.2%
2.3 Liquidity
A Current Ratio of 0.95 indicates that EXC may have some problems paying its short term obligations.
EXC's Current ratio of 0.95 is in line compared to the rest of the industry. EXC outperforms 57.45% of its industry peers.
A Quick Ratio of 0.85 indicates that EXC may have some problems paying its short term obligations.
EXC's Quick ratio of 0.85 is fine compared to the rest of the industry. EXC outperforms 61.70% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.95 | ||
| Quick Ratio | 0.85 |
3. Growth
3.1 Past
EXC shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 9.92%, which is quite good.
EXC shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -4.94% yearly.
Looking at the last year, EXC shows a small growth in Revenue. The Revenue has grown by 4.46% in the last year.
EXC shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -7.73% yearly.
EPS 1Y (TTM)9.92%
EPS 3Y-3.94%
EPS 5Y-4.94%
EPS Q2Q%-17.02%
Revenue 1Y (TTM)4.46%
Revenue growth 3Y8.68%
Revenue growth 5Y-7.73%
Sales Q2Q%1.23%
3.2 Future
Based on estimates for the next years, EXC will show a small growth in Earnings Per Share. The EPS will grow by 6.85% on average per year.
Based on estimates for the next years, EXC will show a small growth in Revenue. The Revenue will grow by 4.60% on average per year.
EPS Next Y8.74%
EPS Next 2Y6.75%
EPS Next 3Y6.67%
EPS Next 5Y6.85%
Revenue Next Year9.49%
Revenue Next 2Y6.15%
Revenue Next 3Y5.03%
Revenue Next 5Y4.6%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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 16.91 indicates a correct valuation of EXC.
EXC's Price/Earnings is on the same level as the industry average.
When comparing the Price/Earnings ratio of EXC to the average of the S&P500 Index (27.86), we can say EXC is valued slightly cheaper.
Based on the Price/Forward Earnings ratio of 15.78, the valuation of EXC can be described as correct.
EXC's Price/Forward Earnings is on the same level as the industry average.
EXC's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 23.29.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.91 | ||
| Fwd PE | 15.78 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of EXC is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 11.03 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates EXC does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)1.93
PEG (5Y)N/A
EPS Next 2Y6.75%
EPS Next 3Y6.67%
5. Dividend
5.1 Amount
EXC has a Yearly Dividend Yield of 3.62%.
EXC's Dividend Yield is comparable with the industry average which is at 3.80.
EXC's Dividend Yield is rather good when compared to the S&P500 average which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.62% |
5.2 History
The dividend of EXC has a limited annual growth rate of 0.95%.
EXC has paid a dividend for at least 10 years, which is a reliable track record.
EXC has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)0.95%
Div Incr Years3
Div Non Decr Years10
5.3 Sustainability
EXC pays out 59.22% of its income as dividend. This is a bit on the high side, but may be sustainable.
EXC's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP59.22%
EPS Next 2Y6.75%
EPS Next 3Y6.67%
44.97
-0.09 (-0.2%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)
Earnings (Next)
Inst Owners89.04%
Inst Owner Change1.24%
Ins Owners0.09%
Ins Owner Change0%
Market Cap45.42B
Analysts71.43
Price Target47.83 (6.36%)
Short Float %2.6%
Short Ratio4.52
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.62% |
Yearly Dividend1.52
Dividend Growth(5Y)0.95%
DP59.22%
Div Incr Years3
Div Non Decr Years10
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)4.46%
Min EPS beat(2)3.88%
Max EPS beat(2)5.04%
EPS beat(4)4
Avg EPS beat(4)5.37%
Min EPS beat(4)3.88%
Max EPS beat(4)7.19%
EPS beat(8)6
Avg EPS beat(8)4.6%
EPS beat(12)9
Avg EPS beat(12)3.9%
EPS beat(16)10
Avg EPS beat(16)2.56%
Revenue beat(2)1
Avg Revenue beat(2)0.41%
Min Revenue beat(2)-0.13%
Max Revenue beat(2)0.95%
Revenue beat(4)3
Avg Revenue beat(4)4.78%
Min Revenue beat(4)-0.13%
Max Revenue beat(4)14.22%
Revenue beat(8)7
Avg Revenue beat(8)9.94%
Revenue beat(12)10
Avg Revenue beat(12)8.77%
Revenue beat(16)13
Avg Revenue beat(16)5.93%
PT rev (1m)-0.99%
PT rev (3m)-1.53%
EPS NQ rev (1m)0%
EPS NQ rev (3m)6.99%
EPS NY rev (1m)-0.05%
EPS NY rev (3m)-0.08%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.05%
Revenue NY rev (1m)-0.08%
Revenue NY rev (3m)-0.65%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.91 | ||
| Fwd PE | 15.78 | ||
| P/S | 1.91 | ||
| P/FCF | N/A | ||
| P/OCF | 7.8 | ||
| P/B | 1.64 | ||
| P/tB | 2.16 | ||
| EV/EBITDA | 11.03 |
EPS(TTM)2.66
EY5.92%
EPS(NY)2.85
Fwd EY6.34%
FCF(TTM)-1.75
FCFYN/A
OCF(TTM)5.77
OCFY12.83%
SpS23.53
BVpS27.35
TBVpS20.78
PEG (NY)1.93
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.39% | ||
| ROE | 9.61% | ||
| ROCE | 4.66% | ||
| ROIC | 4.11% | ||
| ROICexc | 4.14% | ||
| ROICexgc | 4.43% | ||
| OM | 20% | ||
| PM (TTM) | 11.16% | ||
| GM | 63.39% | ||
| FCFM | N/A |
ROA(3y)2.28%
ROA(5y)1.93%
ROE(3y)8.98%
ROE(5y)7.59%
ROIC(3y)3.67%
ROIC(5y)3.02%
ROICexc(3y)3.69%
ROICexc(5y)3.04%
ROICexgc(3y)3.97%
ROICexgc(5y)3.26%
ROCE(3y)4.22%
ROCE(5y)3.47%
ROICexcg growth 3Y24.71%
ROICexcg growth 5Y2.2%
ROICexc growth 3Y24.25%
ROICexc growth 5Y2.12%
OM growth 3Y7.75%
OM growth 5Y8.21%
PM growth 3Y3.95%
PM growth 5Y4.61%
GM growth 3Y-3.86%
GM growth 5Y1.43%
F-Score6
Asset Turnover0.21
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.7 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 5.61 | ||
| Cap/Depr | 209.21% | ||
| Cap/Sales | 31.94% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 69.51% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.95 | ||
| Quick Ratio | 0.85 | ||
| Altman-Z | 0.76 |
F-Score6
WACC6.2%
ROIC/WACC0.66
Cap/Depr(3y)203.65%
Cap/Depr(5y)167.93%
Cap/Sales(3y)34.13%
Cap/Sales(5y)34.25%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)9.92%
EPS 3Y-3.94%
EPS 5Y-4.94%
EPS Q2Q%-17.02%
EPS Next Y8.74%
EPS Next 2Y6.75%
EPS Next 3Y6.67%
EPS Next 5Y6.85%
Revenue 1Y (TTM)4.46%
Revenue growth 3Y8.68%
Revenue growth 5Y-7.73%
Sales Q2Q%1.23%
Revenue Next Year9.49%
Revenue Next 2Y6.15%
Revenue Next 3Y5.03%
Revenue Next 5Y4.6%
EBIT growth 1Y12.55%
EBIT growth 3Y17.1%
EBIT growth 5Y-0.16%
EBIT Next Year99.82%
EBIT Next 3Y32.21%
EBIT Next 5Y20.8%
FCF growth 1Y55.16%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y71.81%
OCF growth 3Y22.74%
OCF growth 5Y-3.51%