EXELON CORP (EXC) Stock Fundamental Analysis
NASDAQ:EXC - US30161N1019 - Common Stock
43.5 USD
+0.18 (+0.42%)
43.5 USD
0 (0%)
We assign a fundamental rating of 3 out of 10 to EXC. EXC was compared to 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. EXC also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
EXC had positive earnings in the past year.
EXC had a positive operating cash flow in the past year.
Each year in the past 5 years EXC has been profitable.
EXC had a positive operating cash flow in each of the past 5 years.
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.
With a Return On Equity value of 9.61%, EXC perfoms like the industry average, outperforming 44.68% of the companies in the same industry.
With a Return On Invested Capital value of 4.11%, EXC perfoms like the industry average, outperforming 46.81% of the companies in the same industry.
EXC had an Average Return On Invested Capital over the past 3 years of 3.67%. This is in line with the industry average of 5.06%.
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
EXC has a Profit Margin of 11.16%. This is in the lower half of the industry: EXC underperforms 63.83% of its industry peers.
In the last couple of years the Profit Margin of EXC has grown nicely.
EXC has a Operating Margin (20.00%) which is in line with its industry peers.
In the last couple of years the Operating Margin of EXC has grown nicely.
Looking at the Gross Margin, with a value of 63.39%, EXC is in line with its industry, outperforming 57.45% of the companies in the same industry.
EXC's Gross Margin has been stable in the last couple of years.
| 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
EXC has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
EXC has more shares outstanding than it did 1 year ago.
EXC has more shares outstanding than it did 5 years ago.
EXC has about the same debt/assets ratio as last year.
2.2 Solvency
Based on the Altman-Z score of 0.75, we must say that EXC is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.75, EXC is in line with its industry, outperforming 40.43% of the companies in the same industry.
A Debt/Equity ratio of 1.70 is on the high side and indicates that EXC has dependencies on debt financing.
EXC's Debt to Equity ratio of 1.70 is on the low side compared to the rest of the industry. EXC is outperformed by 68.09% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.7 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.75 |
ROIC/WACC0.67
WACC6.12%
2.3 Liquidity
A Current Ratio of 0.95 indicates that EXC may have some problems paying its short term obligations.
EXC has a Current ratio of 0.95. This is comparable to the rest of the industry: EXC outperforms 57.45% of its industry peers.
EXC has a Quick Ratio of 0.95. This is a bad value and indicates that EXC is not financially healthy enough and could expect problems in meeting 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
The Earnings Per Share has grown by an nice 9.92% over the past year.
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.
Measured over the past years, EXC shows a decrease in Revenue. The Revenue has been decreasing by -7.73% on average per year.
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 Y8.79%
EPS Next 2Y6.71%
EPS Next 3Y6.61%
EPS Next 5Y6.85%
Revenue Next Year9.58%
Revenue Next 2Y6.13%
Revenue Next 3Y5%
Revenue Next 5Y4.6%
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
The Price/Earnings ratio is 16.35, which indicates a correct valuation of EXC.
EXC's Price/Earnings ratio is in line with the industry average.
When comparing the Price/Earnings ratio of EXC to the average of the S&P500 Index (27.44), we can say EXC is valued slightly cheaper.
EXC is valuated correctly with a Price/Forward Earnings ratio of 15.28.
Compared to the rest of the industry, the Price/Forward Earnings ratio of EXC is on the same level as its industry peers.
EXC's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.87.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.35 | ||
| Fwd PE | 15.28 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as EXC.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 10.83 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)1.86
PEG (5Y)N/A
EPS Next 2Y6.71%
EPS Next 3Y6.61%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.69%, EXC has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 4.09, EXC has a dividend in line with its industry peers.
EXC's Dividend Yield is rather good when compared to the S&P500 average which is at 2.45.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.69% |
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 2Y6.71%
EPS Next 3Y6.61%
43.5
+0.18 (+0.42%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)
Earnings (Next)
Inst Owners87.67%
Inst Owner Change1.24%
Ins Owners0.09%
Ins Owner Change0%
Market Cap43.93B
Analysts71.43
Price Target47.83 (9.95%)
Short Float %2.36%
Short Ratio4.09
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.69% |
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)-1.23%
PT rev (3m)-0.73%
EPS NQ rev (1m)4.69%
EPS NQ rev (3m)-1.97%
EPS NY rev (1m)-0.03%
EPS NY rev (3m)0.11%
Revenue NQ rev (1m)-1.46%
Revenue NQ rev (3m)-0.52%
Revenue NY rev (1m)-0.43%
Revenue NY rev (3m)-0.5%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.35 | ||
| Fwd PE | 15.28 | ||
| P/S | 1.85 | ||
| P/FCF | N/A | ||
| P/OCF | 7.54 | ||
| P/B | 1.59 | ||
| P/tB | 2.09 | ||
| EV/EBITDA | 10.83 |
EPS(TTM)2.66
EY6.11%
EPS(NY)2.85
Fwd EY6.54%
FCF(TTM)-1.75
FCFYN/A
OCF(TTM)5.77
OCFY13.26%
SpS23.53
BVpS27.35
TBVpS20.78
PEG (NY)1.86
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 | 0.75 |
F-Score6
WACC6.12%
ROIC/WACC0.67
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 Y8.79%
EPS Next 2Y6.71%
EPS Next 3Y6.61%
EPS Next 5Y6.85%
Revenue 1Y (TTM)4.46%
Revenue growth 3Y8.68%
Revenue growth 5Y-7.73%
Sales Q2Q%1.23%
Revenue Next Year9.58%
Revenue Next 2Y6.13%
Revenue Next 3Y5%
Revenue Next 5Y4.6%
EBIT growth 1Y12.55%
EBIT growth 3Y17.1%
EBIT growth 5Y-0.16%
EBIT Next Year99.75%
EBIT Next 3Y32.06%
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%