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FIRSTENERGY CORP (FE) Stock Fundamental Analysis

USA - NYSE:FE - US3379321074 - Common Stock

45.82 USD
+0.41 (+0.9%)
Last: 9/30/2025, 8:04:00 PM
45.3756 USD
-0.44 (-0.97%)
After Hours: 9/30/2025, 8:04:00 PM
Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to FE. FE was compared to 47 industry peers in the Electric Utilities industry. While FE is still in line with the averages on profitability rating, there are concerns on its financial health. FE is quite expensive at the moment. It does show a decent growth rate. Finally FE also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

In the past year FE was profitable.
In the past year FE had a positive cash flow from operations.
Each year in the past 5 years FE has been profitable.
Each year in the past 5 years FE had a positive operating cash flow.
FE Yearly Net Income VS EBIT VS OCF VS FCFFE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B -2B -4B -6B

1.2 Ratios

The Return On Assets of FE (2.41%) is worse than 68.09% of its industry peers.
The Return On Equity of FE (10.18%) is comparable to the rest of the industry.
FE's Return On Invested Capital of 4.31% is in line compared to the rest of the industry. FE outperforms 59.57% of its industry peers.
FE had an Average Return On Invested Capital over the past 3 years of 3.82%. This is in line with the industry average of 5.01%.
The last Return On Invested Capital (4.31%) for FE is above the 3 year average (3.82%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 2.41%
ROE 10.18%
ROIC 4.31%
ROA(3y)1.67%
ROA(5y)2.05%
ROE(3y)7.47%
ROE(5y)10.42%
ROIC(3y)3.82%
ROIC(5y)3.73%
FE Yearly ROA, ROE, ROICFE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -20 -40 -60 -80

1.3 Margins

FE has a Profit Margin of 9.31%. This is in the lower half of the industry: FE underperforms 72.34% of its industry peers.
In the last couple of years the Profit Margin of FE has declined.
The Operating Margin of FE (19.20%) is comparable to the rest of the industry.
FE's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 71.25%, FE is in the better half of the industry, outperforming 70.21% of the companies in the same industry.
FE's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 19.2%
PM (TTM) 9.31%
GM 71.25%
OM growth 3Y6.67%
OM growth 5Y-4.97%
PM growth 3Y-14.28%
PM growth 5Y-2.47%
GM growth 3Y-1.11%
GM growth 5Y-0.69%
FE Yearly Profit, Operating, Gross MarginsFE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 -40 60

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1

2. Health

2.1 Basic Checks

FE has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
FE has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, FE has more shares outstanding
FE has a better debt/assets ratio than last year.
FE Yearly Shares OutstandingFE Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M
FE Yearly Total Debt VS Total AssetsFE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B 40B 50B

2.2 Solvency

Based on the Altman-Z score of 0.77, we must say that FE is in the distress zone and has some risk of bankruptcy.
FE has a Altman-Z score (0.77) which is comparable to the rest of the industry.
FE has a Debt/Equity ratio of 1.88. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of FE (1.88) is worse than 78.72% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.88
Debt/FCF N/A
Altman-Z 0.77
ROIC/WACC0.7
WACC6.2%
FE Yearly LT Debt VS Equity VS FCFFE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5B 10B 15B 20B

2.3 Liquidity

A Current Ratio of 0.61 indicates that FE may have some problems paying its short term obligations.
With a Current ratio value of 0.61, FE is not doing good in the industry: 74.47% of the companies in the same industry are doing better.
A Quick Ratio of 0.51 indicates that FE may have some problems paying its short term obligations.
FE has a Quick ratio of 0.51. This is in the lower half of the industry: FE underperforms 68.09% of its industry peers.
Industry RankSector Rank
Current Ratio 0.61
Quick Ratio 0.51
FE Yearly Current Assets VS Current LiabilitesFE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

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4

3. Growth

3.1 Past

The Earnings Per Share has been growing slightly by 3.83% over the past year.
The Earnings Per Share has been growing slightly by 0.31% on average over the past years.
Looking at the last year, FE shows a small growth in Revenue. The Revenue has grown by 6.44% in the last year.
FE shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.07% yearly.
EPS 1Y (TTM)3.83%
EPS 3Y0.25%
EPS 5Y0.31%
EPS Q2Q%-7.14%
Revenue 1Y (TTM)6.44%
Revenue growth 3Y6.57%
Revenue growth 5Y4.07%
Sales Q2Q%3.05%

3.2 Future

The Earnings Per Share is expected to grow by 5.20% on average over the next years.
Based on estimates for the next years, FE will show a small growth in Revenue. The Revenue will grow by 3.53% on average per year.
EPS Next Y-0.92%
EPS Next 2Y3.04%
EPS Next 3Y4.47%
EPS Next 5Y5.2%
Revenue Next Year0.94%
Revenue Next 2Y2.24%
Revenue Next 3Y2.7%
Revenue Next 5Y3.53%

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 stable: in the next years the growth will be about the same than in the last years.
FE Yearly Revenue VS EstimatesFE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 5B 10B 15B
FE Yearly EPS VS EstimatesFE Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 1 2 3

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2

4. Valuation

4.1 Price/Earnings Ratio

FE is valuated correctly with a Price/Earnings ratio of 16.91.
FE's Price/Earnings ratio is in line with the industry average.
FE is valuated rather cheaply when we compare the Price/Earnings ratio to 27.76, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 16.41 indicates a correct valuation of FE.
The rest of the industry has a similar Price/Forward Earnings ratio as FE.
The average S&P500 Price/Forward Earnings ratio is at 23.18. FE is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 16.91
Fwd PE 16.41
FE Price Earnings VS Forward Price EarningsFE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

FE's Enterprise Value to EBITDA ratio is in line with the industry average.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 11.94
FE Per share dataFE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15 20

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)55.08
EPS Next 2Y3.04%
EPS Next 3Y4.47%

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8

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 4.04%, FE is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.80, FE pays a bit more dividend than its industry peers.
FE's Dividend Yield is rather good when compared to the S&P500 average which is at 2.41.
Industry RankSector Rank
Dividend Yield 4.04%

5.2 History

The dividend of FE has a limited annual growth rate of 1.59%.
FE has been paying a dividend for at least 10 years, so it has a reliable track record.
FE has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)1.59%
Div Incr Years2
Div Non Decr Years10
FE Yearly Dividends per shareFE Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5

5.3 Sustainability

75.84% of the earnings are spent on dividend by FE. This is not a sustainable payout ratio.
The dividend of FE is growing, but earnings are growing more, so the dividend growth is sustainable.
DP75.84%
EPS Next 2Y3.04%
EPS Next 3Y4.47%
FE Yearly Income VS Free CF VS DividendFE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -2B -4B -6B
FE Dividend Payout.FE Dividend Payout, showing the Payout Ratio.FE Dividend Payout.PayoutRetained Earnings

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FIRSTENERGY CORP

NYSE:FE (9/30/2025, 8:04:00 PM)

After market: 45.3756 -0.44 (-0.97%)

45.82

+0.41 (+0.9%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)07-30 2025-07-30/amc
Earnings (Next)10-23 2025-10-23/amc
Inst Owners87.97%
Inst Owner Change0.7%
Ins Owners0.13%
Ins Owner Change-1.02%
Market Cap26.46B
Analysts75.83
Price Target47.26 (3.14%)
Short Float %4.58%
Short Ratio6.61
Dividend
Industry RankSector Rank
Dividend Yield 4.04%
Yearly Dividend1.69
Dividend Growth(5Y)1.59%
DP75.84%
Div Incr Years2
Div Non Decr Years10
Ex-Date08-07 2025-08-07 (0.445)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)5.89%
Min EPS beat(2)3.93%
Max EPS beat(2)7.84%
EPS beat(4)2
Avg EPS beat(4)-0.94%
Min EPS beat(4)-7.9%
Max EPS beat(4)7.84%
EPS beat(8)4
Avg EPS beat(8)-1.07%
EPS beat(12)5
Avg EPS beat(12)-1.83%
EPS beat(16)6
Avg EPS beat(16)-1.99%
Revenue beat(2)1
Avg Revenue beat(2)1.74%
Min Revenue beat(2)-1.63%
Max Revenue beat(2)5.11%
Revenue beat(4)1
Avg Revenue beat(4)-7%
Min Revenue beat(4)-24.16%
Max Revenue beat(4)5.11%
Revenue beat(8)1
Avg Revenue beat(8)-5.21%
Revenue beat(12)5
Avg Revenue beat(12)0.13%
Revenue beat(16)7
Avg Revenue beat(16)-0.13%
PT rev (1m)1.39%
PT rev (3m)3.03%
EPS NQ rev (1m)-1.02%
EPS NQ rev (3m)-3.67%
EPS NY rev (1m)-0.05%
EPS NY rev (3m)0.07%
Revenue NQ rev (1m)-0.27%
Revenue NQ rev (3m)0.5%
Revenue NY rev (1m)0.44%
Revenue NY rev (3m)0.01%
Valuation
Industry RankSector Rank
PE 16.91
Fwd PE 16.41
P/S 1.88
P/FCF N/A
P/OCF 7.48
P/B 2.06
P/tB 3.66
EV/EBITDA 11.94
EPS(TTM)2.71
EY5.91%
EPS(NY)2.79
Fwd EY6.09%
FCF(TTM)-1.7
FCFYN/A
OCF(TTM)6.13
OCFY13.37%
SpS24.33
BVpS22.26
TBVpS12.53
PEG (NY)N/A
PEG (5Y)55.08
Profitability
Industry RankSector Rank
ROA 2.41%
ROE 10.18%
ROCE 5.55%
ROIC 4.31%
ROICexc 4.36%
ROICexgc 4.94%
OM 19.2%
PM (TTM) 9.31%
GM 71.25%
FCFM N/A
ROA(3y)1.67%
ROA(5y)2.05%
ROE(3y)7.47%
ROE(5y)10.42%
ROIC(3y)3.82%
ROIC(5y)3.73%
ROICexc(3y)3.84%
ROICexc(5y)3.79%
ROICexgc(3y)4.39%
ROICexgc(5y)4.37%
ROCE(3y)4.93%
ROCE(5y)4.84%
ROICexcg growth 3Y5.98%
ROICexcg growth 5Y-6.21%
ROICexc growth 3Y6.95%
ROICexc growth 5Y-5.5%
OM growth 3Y6.67%
OM growth 5Y-4.97%
PM growth 3Y-14.28%
PM growth 5Y-2.47%
GM growth 3Y-1.11%
GM growth 5Y-0.69%
F-Score7
Asset Turnover0.26
Health
Industry RankSector Rank
Debt/Equity 1.88
Debt/FCF N/A
Debt/EBITDA 5.64
Cap/Depr 285.96%
Cap/Sales 32.18%
Interest Coverage 250
Cash Conversion 82.7%
Profit Quality N/A
Current Ratio 0.61
Quick Ratio 0.51
Altman-Z 0.77
F-Score7
WACC6.2%
ROIC/WACC0.7
Cap/Depr(3y)241.74%
Cap/Depr(5y)219.91%
Cap/Sales(3y)26.04%
Cap/Sales(5y)24.94%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)3.83%
EPS 3Y0.25%
EPS 5Y0.31%
EPS Q2Q%-7.14%
EPS Next Y-0.92%
EPS Next 2Y3.04%
EPS Next 3Y4.47%
EPS Next 5Y5.2%
Revenue 1Y (TTM)6.44%
Revenue growth 3Y6.57%
Revenue growth 5Y4.07%
Sales Q2Q%3.05%
Revenue Next Year0.94%
Revenue Next 2Y2.24%
Revenue Next 3Y2.7%
Revenue Next 5Y3.53%
EBIT growth 1Y18.86%
EBIT growth 3Y13.67%
EBIT growth 5Y-1.1%
EBIT Next Year61.83%
EBIT Next 3Y23.97%
EBIT Next 5Y15.23%
FCF growth 1Y46.58%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y198.06%
OCF growth 3Y0.94%
OCF growth 5Y3.22%