ALLIANT ENERGY CORP (LNT) Stock Fundamental Analysis
NASDAQ:LNT - Nasdaq - US0188021085 - Common Stock - Currency: USD
LNT gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 46 industry peers in the Electric Utilities industry. LNT scores excellent on profitability, but there are concerns on its financial health. While showing a medium growth rate, LNT is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
LNT had positive earnings in the past year.
In the past year LNT had a positive cash flow from operations.
LNT had positive earnings in each of the past 5 years.
In the past 5 years LNT always reported a positive cash flow from operatings.
1.2 Ratios
With a decent Return On Assets value of 3.04%, LNT is doing good in the industry, outperforming 67.39% of the companies in the same industry.
Looking at the Return On Equity, with a value of 9.85%, LNT is in the better half of the industry, outperforming 73.91% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 3.64%, LNT is in line with its industry, outperforming 47.83% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for LNT is in line with the industry average of 4.69%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.04% | ||
| ROE | 9.85% | ||
| ROIC | 3.64% |
ROA(3y)3.25%
ROA(5y)3.35%
ROE(3y)10.39%
ROE(5y)10.52%
ROIC(3y)3.82%
ROIC(5y)3.72%
1.3 Margins
LNT has a better Profit Margin (17.33%) than 91.30% of its industry peers.
In the last couple of years the Profit Margin of LNT has grown nicely.
LNT has a Operating Margin of 23.76%. This is in the better half of the industry: LNT outperforms 71.74% of its industry peers.
In the last couple of years the Operating Margin of LNT has grown nicely.
With an excellent Gross Margin value of 94.37%, LNT belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
In the last couple of years the Gross Margin of LNT has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 23.76% | ||
| PM (TTM) | 17.33% | ||
| GM | 94.37% |
OM growth 3Y3.12%
OM growth 5Y2.19%
PM growth 3Y-1.18%
PM growth 5Y2.56%
GM growth 3Y0.5%
GM growth 5Y0.1%
2. Health
2.1 Basic Checks
LNT has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, LNT has more shares outstanding
Compared to 5 years ago, LNT has more shares outstanding
LNT has a worse debt/assets ratio than last year.
2.2 Solvency
LNT has an Altman-Z score of 1.08. This is a bad value and indicates that LNT is not financially healthy and even has some risk of bankruptcy.
LNT has a better Altman-Z score (1.08) than 78.26% of its industry peers.
LNT has a Debt/Equity ratio of 1.32. This is a high value indicating a heavy dependency on external financing.
LNT has a better Debt to Equity ratio (1.32) than 69.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.32 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.08 |
ROIC/WACC0.54
WACC6.77%
2.3 Liquidity
LNT has a Current Ratio of 0.44. This is a bad value and indicates that LNT is not financially healthy enough and could expect problems in meeting its short term obligations.
LNT has a Current ratio of 0.44. This is in the lower half of the industry: LNT underperforms 78.26% of its industry peers.
A Quick Ratio of 0.33 indicates that LNT may have some problems paying its short term obligations.
With a Quick ratio value of 0.33, LNT is not doing good in the industry: 71.74% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.44 | ||
| Quick Ratio | 0.33 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 3.55% over the past year.
Measured over the past 5 years, LNT shows a small growth in Earnings Per Share. The EPS has been growing by 4.62% on average per year.
The Revenue has decreased by -1.14% in the past year.
The Revenue has been growing slightly by 1.76% on average over the past years.
EPS 1Y (TTM)3.55%
EPS 3Y3.68%
EPS 5Y4.62%
EPS Q2Q%20.83%
Revenue 1Y (TTM)-1.14%
Revenue growth 3Y2.76%
Revenue growth 5Y1.76%
Sales Q2Q%1.56%
3.2 Future
LNT is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 8.05% yearly.
The Revenue is expected to grow by 4.99% on average over the next years.
EPS Next Y11.24%
EPS Next 2Y9%
EPS Next 3Y8.19%
EPS Next 5Y8.05%
Revenue Next Year3.39%
Revenue Next 2Y4.08%
Revenue Next 3Y4.57%
Revenue Next 5Y4.99%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 21.16, LNT is valued on the expensive side.
60.87% of the companies in the same industry are cheaper than LNT, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 23.99, LNT is valued at the same level.
With a Price/Forward Earnings ratio of 19.03, LNT is valued on the expensive side.
LNT's Price/Forward Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 20.35, LNT is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.16 | ||
| Fwd PE | 19.03 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, LNT is valued a bit more expensive than 63.04% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 14.82 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates LNT does not grow enough to justify the current Price/Earnings ratio.
The decent profitability rating of LNT may justify a higher PE ratio.
PEG (NY)1.88
PEG (5Y)4.58
EPS Next 2Y9%
EPS Next 3Y8.19%
5. Dividend
5.1 Amount
LNT has a Yearly Dividend Yield of 3.35%.
LNT's Dividend Yield is comparable with the industry average which is at 3.43.
LNT's Dividend Yield is a higher than the S&P500 average which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.35% |
5.2 History
The dividend of LNT is nicely growing with an annual growth rate of 6.44%!
LNT has paid a dividend for at least 10 years, which is a reliable track record.
LNT has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)6.44%
Div Incr Years21
Div Non Decr Years21
5.3 Sustainability
71.30% of the earnings are spent on dividend by LNT. This is not a sustainable payout ratio.
LNT's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP71.3%
EPS Next 2Y9%
EPS Next 3Y8.19%
61.8
+0.69 (+1.13%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)
Earnings (Next)
Inst Owners84.01%
Inst Owner Change0.27%
Ins Owners0.21%
Ins Owner Change5.89%
Market Cap15.87B
Analysts71.11
Price Target66.54 (7.67%)
Short Float %2.7%
Short Ratio3.08
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.35% |
Yearly Dividend1.92
Dividend Growth(5Y)6.44%
DP71.3%
Div Incr Years21
Div Non Decr Years21
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-6%
Min EPS beat(2)-15.65%
Max EPS beat(2)3.65%
EPS beat(4)1
Avg EPS beat(4)-6.2%
Min EPS beat(4)-15.65%
Max EPS beat(4)3.65%
EPS beat(8)3
Avg EPS beat(8)-3.43%
EPS beat(12)5
Avg EPS beat(12)-2.04%
EPS beat(16)7
Avg EPS beat(16)-1.37%
Revenue beat(2)1
Avg Revenue beat(2)5.26%
Min Revenue beat(2)-0.55%
Max Revenue beat(2)11.06%
Revenue beat(4)1
Avg Revenue beat(4)1.28%
Min Revenue beat(4)-4.09%
Max Revenue beat(4)11.06%
Revenue beat(8)2
Avg Revenue beat(8)-2.45%
Revenue beat(12)5
Avg Revenue beat(12)1.62%
Revenue beat(16)8
Avg Revenue beat(16)5.6%
PT rev (1m)1.95%
PT rev (3m)4.32%
EPS NQ rev (1m)1.59%
EPS NQ rev (3m)-6.22%
EPS NY rev (1m)0.19%
EPS NY rev (3m)0.03%
Revenue NQ rev (1m)-9.28%
Revenue NQ rev (3m)-11.46%
Revenue NY rev (1m)2.69%
Revenue NY rev (3m)0.6%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.16 | ||
| Fwd PE | 19.03 | ||
| P/S | 3.99 | ||
| P/FCF | N/A | ||
| P/OCF | 13.6 | ||
| P/B | 2.27 | ||
| P/tB | 2.27 | ||
| EV/EBITDA | 14.82 |
EPS(TTM)2.92
EY4.72%
EPS(NY)3.25
Fwd EY5.26%
FCF(TTM)-3.45
FCFYN/A
OCF(TTM)4.54
OCFY7.35%
SpS15.5
BVpS27.27
TBVpS27.27
PEG (NY)1.88
PEG (5Y)4.58
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.04% | ||
| ROE | 9.85% | ||
| ROCE | 4.73% | ||
| ROIC | 3.64% | ||
| ROICexc | 3.65% | ||
| ROICexgc | 3.65% | ||
| OM | 23.76% | ||
| PM (TTM) | 17.33% | ||
| GM | 94.37% | ||
| FCFM | N/A |
ROA(3y)3.25%
ROA(5y)3.35%
ROE(3y)10.39%
ROE(5y)10.52%
ROIC(3y)3.82%
ROIC(5y)3.72%
ROICexc(3y)3.83%
ROICexc(5y)3.73%
ROICexgc(3y)3.83%
ROICexgc(5y)3.73%
ROCE(3y)4.97%
ROCE(5y)4.85%
ROICexcg growth 3Y-0.45%
ROICexcg growth 5Y-2.32%
ROICexc growth 3Y-0.45%
ROICexc growth 5Y-2.32%
OM growth 3Y3.12%
OM growth 5Y2.19%
PM growth 3Y-1.18%
PM growth 5Y2.56%
GM growth 3Y0.5%
GM growth 5Y0.1%
F-Score5
Asset Turnover0.18
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.32 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 5.38 | ||
| Cap/Depr | 265.8% | ||
| Cap/Sales | 51.53% | ||
| Interest Coverage | 2.18 | ||
| Cash Conversion | 67.93% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.44 | ||
| Quick Ratio | 0.33 | ||
| Altman-Z | 1.08 |
F-Score5
WACC6.77%
ROIC/WACC0.54
Cap/Depr(3y)243.11%
Cap/Depr(5y)220.49%
Cap/Sales(3y)42.54%
Cap/Sales(5y)38.93%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)3.55%
EPS 3Y3.68%
EPS 5Y4.62%
EPS Q2Q%20.83%
EPS Next Y11.24%
EPS Next 2Y9%
EPS Next 3Y8.19%
EPS Next 5Y8.05%
Revenue 1Y (TTM)-1.14%
Revenue growth 3Y2.76%
Revenue growth 5Y1.76%
Sales Q2Q%1.56%
Revenue Next Year3.39%
Revenue Next 2Y4.08%
Revenue Next 3Y4.57%
Revenue Next 5Y4.99%
EBIT growth 1Y0.21%
EBIT growth 3Y5.97%
EBIT growth 5Y4%
EBIT Next Year80.37%
EBIT Next 3Y30.28%
EBIT Next 5Y20.84%
FCF growth 1Y-2.43%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y34.6%
OCF growth 3Y26.1%
OCF growth 5Y12.06%