ALLIANT ENERGY CORP (LNT) Stock Fundamental Analysis
NASDAQ:LNT - Nasdaq - US0188021085 - Common Stock - Currency: USD
Overall LNT gets a fundamental rating of 4 out of 10. We evaluated LNT against 47 industry peers in the Electric Utilities industry. LNT has a medium profitability rating, but doesn't score so well on its financial health evaluation. LNT is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
LNT had positive earnings in the past year.
LNT had a positive operating cash flow in the past year.
In the past 5 years LNT has always been profitable.
LNT 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 3.26%, LNT is in the better half of the industry, outperforming 63.83% of the companies in the same industry.
With a Return On Equity value of 10.50%, LNT perfoms like the industry average, outperforming 59.57% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 3.75%, LNT is doing worse than 70.21% of the companies in the same industry.
LNT had an Average Return On Invested Capital over the past 3 years of 3.82%. This is significantly below the industry average of 38.54%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.26% | ||
| ROE | 10.5% | ||
| ROIC | 3.75% |
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's Profit Margin of 18.26% is amongst the best of the industry. LNT outperforms 89.36% of its industry peers.
LNT's Profit Margin has improved in the last couple of years.
With a decent Operating Margin value of 24.05%, LNT is doing good in the industry, outperforming 65.96% of the companies in the same industry.
In the last couple of years the Operating Margin of LNT has grown nicely.
LNT has a Gross Margin of 93.94%. This is amongst the best in the industry. LNT outperforms 100.00% of its industry peers.
LNT's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 24.05% | ||
| PM (TTM) | 18.26% | ||
| GM | 93.94% |
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), LNT is destroying value.
LNT has more shares outstanding than it did 1 year ago.
LNT has more shares outstanding than it did 5 years ago.
The debt/assets ratio for LNT is higher compared to a year ago.
2.2 Solvency
LNT has an Altman-Z score of 1.09. This is a bad value and indicates that LNT is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.09, LNT is in the better half of the industry, outperforming 65.96% of the companies in the same industry.
LNT has a Debt/Equity ratio of 1.31. This is a high value indicating a heavy dependency on external financing.
LNT has a Debt to Equity ratio (1.31) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.31 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.09 |
ROIC/WACC0.54
WACC6.91%
2.3 Liquidity
A Current Ratio of 0.34 indicates that LNT may have some problems paying its short term obligations.
LNT has a worse Current ratio (0.34) than 93.62% of its industry peers.
LNT has a Quick Ratio of 0.34. This is a bad value and indicates that LNT is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.24, LNT is not doing good in the industry: 93.62% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.34 | ||
| Quick Ratio | 0.24 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 12.19% 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 been growing slightly by 2.44% in the past year.
Measured over the past years, LNT shows a small growth in Revenue. The Revenue has been growing by 1.76% on average per year.
EPS 1Y (TTM)12.19%
EPS 3Y3.68%
EPS 5Y4.62%
EPS Q2Q%33.87%
Revenue 1Y (TTM)2.44%
Revenue growth 3Y2.76%
Revenue growth 5Y1.76%
Sales Q2Q%9.41%
3.2 Future
The Earnings Per Share is expected to grow by 8.13% on average over the next years. This is quite good.
LNT is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.85% yearly.
EPS Next Y11.05%
EPS Next 2Y8.94%
EPS Next 3Y8.37%
EPS Next 5Y8.13%
Revenue Next Year2.16%
Revenue Next 2Y3.51%
Revenue Next 3Y4.1%
Revenue Next 5Y4.85%
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
A Price/Earnings ratio of 20.49 indicates a rather expensive valuation of LNT.
Based on the Price/Earnings ratio, LNT is valued a bit more expensive than the industry average as 65.96% of the companies are valued more cheaply.
When comparing the Price/Earnings ratio of LNT to the average of the S&P500 Index (27.50), we can say LNT is valued slightly cheaper.
With a Price/Forward Earnings ratio of 18.51, LNT is valued on the expensive side.
LNT's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. LNT is more expensive than 65.96% of the companies in the same industry.
LNT is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 36.44, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.49 | ||
| Fwd PE | 18.51 |
4.2 Price Multiples
LNT's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. LNT is more expensive than 78.72% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 14.87 |
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.
LNT has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)1.85
PEG (5Y)4.44
EPS Next 2Y8.94%
EPS Next 3Y8.37%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.21%, LNT has a reasonable but not impressive dividend return.
LNT's Dividend Yield is comparable with the industry average which is at 3.54.
Compared to an average S&P500 Dividend Yield of 2.34, LNT pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.21% |
5.2 History
The dividend of LNT is nicely growing with an annual growth rate of 6.44%!
LNT has been paying a dividend for at least 10 years, so it has 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
LNT pays out 66.98% of its income as dividend. This is not a sustainable payout ratio.
LNT's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP66.98%
EPS Next 2Y8.94%
EPS Next 3Y8.37%
64.13
+0.91 (+1.44%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)
Earnings (Next)
Inst Owners83.39%
Inst Owner Change-0.44%
Ins Owners0.11%
Ins Owner Change5.98%
Market Cap16.47B
Analysts75.29
Price Target67.61 (5.43%)
Short Float %2.49%
Short Ratio3.06
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.21% |
Yearly Dividend1.92
Dividend Growth(5Y)6.44%
DP66.98%
Div Incr Years21
Div Non Decr Years21
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)4.59%
Min EPS beat(2)-15.65%
Max EPS beat(2)24.83%
EPS beat(4)2
Avg EPS beat(4)0.21%
Min EPS beat(4)-15.65%
Max EPS beat(4)24.83%
EPS beat(8)4
Avg EPS beat(8)1.1%
EPS beat(12)5
Avg EPS beat(12)-0.47%
EPS beat(16)8
Avg EPS beat(16)0.24%
Revenue beat(2)2
Avg Revenue beat(2)12.2%
Min Revenue beat(2)11.06%
Max Revenue beat(2)13.34%
Revenue beat(4)2
Avg Revenue beat(4)5.64%
Min Revenue beat(4)-1.3%
Max Revenue beat(4)13.34%
Revenue beat(8)2
Avg Revenue beat(8)-0.98%
Revenue beat(12)5
Avg Revenue beat(12)1.81%
Revenue beat(16)9
Avg Revenue beat(16)6.8%
PT rev (1m)1.53%
PT rev (3m)1.9%
EPS NQ rev (1m)2.35%
EPS NQ rev (3m)-4.17%
EPS NY rev (1m)0.03%
EPS NY rev (3m)-0.17%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-4%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.16%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.49 | ||
| Fwd PE | 18.51 | ||
| P/S | 4.04 | ||
| P/FCF | N/A | ||
| P/OCF | 14.85 | ||
| P/B | 2.32 | ||
| P/tB | 2.32 | ||
| EV/EBITDA | 14.87 |
EPS(TTM)3.13
EY4.88%
EPS(NY)3.47
Fwd EY5.4%
FCF(TTM)-3.97
FCFYN/A
OCF(TTM)4.32
OCFY6.73%
SpS15.88
BVpS27.61
TBVpS27.61
PEG (NY)1.85
PEG (5Y)4.44
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.26% | ||
| ROE | 10.5% | ||
| ROCE | 4.91% | ||
| ROIC | 3.75% | ||
| ROICexc | 3.76% | ||
| ROICexgc | 3.76% | ||
| OM | 24.05% | ||
| PM (TTM) | 18.26% | ||
| GM | 93.94% | ||
| 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-Score4
Asset Turnover0.18
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.31 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 5.22 | ||
| Cap/Depr | 268.01% | ||
| Cap/Sales | 52.17% | ||
| Interest Coverage | 2.06 | ||
| Cash Conversion | 62.48% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.34 | ||
| Quick Ratio | 0.24 | ||
| Altman-Z | 1.09 |
F-Score4
WACC6.91%
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)12.19%
EPS 3Y3.68%
EPS 5Y4.62%
EPS Q2Q%33.87%
EPS Next Y11.05%
EPS Next 2Y8.94%
EPS Next 3Y8.37%
EPS Next 5Y8.13%
Revenue 1Y (TTM)2.44%
Revenue growth 3Y2.76%
Revenue growth 5Y1.76%
Sales Q2Q%9.41%
Revenue Next Year2.16%
Revenue Next 2Y3.51%
Revenue Next 3Y4.1%
Revenue Next 5Y4.85%
EBIT growth 1Y3.92%
EBIT growth 3Y5.97%
EBIT growth 5Y4%
EBIT Next Year76.54%
EBIT Next 3Y28.71%
EBIT Next 5Y22.08%
FCF growth 1Y5.56%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y162.18%
OCF growth 3Y26.1%
OCF growth 5Y12.06%