MGE ENERGY INC (MGEE) Fundamental Analysis & Valuation

NASDAQ:MGEE • US55277P1049

Current stock price

75.18 USD
+0.41 (+0.55%)
Last:

This MGEE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

8

1. MGEE Profitability Analysis

1.1 Basic Checks

  • In the past year MGEE was profitable.
  • MGEE had a positive operating cash flow in the past year.
  • In the past 5 years MGEE has always been profitable.
  • MGEE had a positive operating cash flow in each of the past 5 years.
MGEE Yearly Net Income VS EBIT VS OCF VS FCFMGEE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M 200M

1.2 Ratios

  • The Return On Assets of MGEE (4.31%) is better than 84.78% of its industry peers.
  • MGEE has a Return On Equity of 10.42%. This is in the better half of the industry: MGEE outperforms 60.87% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 5.16%, MGEE belongs to the top of the industry, outperforming 82.61% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for MGEE is in line with the industry average of 4.49%.
  • The 3 year average ROIC (5.04%) for MGEE is below the current ROIC(5.16%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 4.31%
ROE 10.42%
ROIC 5.16%
ROA(3y)4.32%
ROA(5y)4.37%
ROE(3y)10.18%
ROE(5y)10.22%
ROIC(3y)5.04%
ROIC(5y)4.99%
MGEE Yearly ROA, ROE, ROICMGEE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8 10

1.3 Margins

  • MGEE has a Profit Margin of 18.27%. This is amongst the best in the industry. MGEE outperforms 89.13% of its industry peers.
  • MGEE's Profit Margin has been stable in the last couple of years.
  • MGEE has a Operating Margin of 22.95%. This is comparable to the rest of the industry: MGEE outperforms 56.52% of its industry peers.
  • MGEE's Operating Margin has improved in the last couple of years.
  • The Gross Margin of MGEE (82.92%) is better than 76.09% of its industry peers.
  • MGEE's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 22.95%
PM (TTM) 18.27%
GM 82.92%
OM growth 3Y5.99%
OM growth 5Y2.36%
PM growth 3Y5.56%
PM growth 5Y1.27%
GM growth 3Y4.77%
GM growth 5Y0.67%
MGEE Yearly Profit, Operating, Gross MarginsMGEE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60 80

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2

2. MGEE Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), MGEE is destroying value.
  • MGEE has about the same amout of shares outstanding than it did 1 year ago.
  • The number of shares outstanding for MGEE has been increased compared to 5 years ago.
  • The debt/assets ratio for MGEE is higher compared to a year ago.
MGEE Yearly Shares OutstandingMGEE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M
MGEE Yearly Total Debt VS Total AssetsMGEE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

2.2 Solvency

  • Based on the Altman-Z score of 1.64, we must say that MGEE is in the distress zone and has some risk of bankruptcy.
  • With an excellent Altman-Z score value of 1.64, MGEE belongs to the best of the industry, outperforming 82.61% of the companies in the same industry.
  • MGEE has a Debt/Equity ratio of 0.69. This is a neutral value indicating MGEE is somewhat dependend on debt financing.
  • MGEE has a better Debt to Equity ratio (0.69) than 76.09% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.69
Debt/FCF N/A
Altman-Z 1.64
ROIC/WACC0.66
WACC7.86%
MGEE Yearly LT Debt VS Equity VS FCFMGEE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M 400M 600M 800M 1B

2.3 Liquidity

  • A Current Ratio of 0.77 indicates that MGEE may have some problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 0.77, MGEE is in line with its industry, outperforming 54.35% of the companies in the same industry.
  • A Quick Ratio of 0.55 indicates that MGEE may have some problems paying its short term obligations.
  • MGEE has a Quick ratio (0.55) which is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 0.77
Quick Ratio 0.55
MGEE Yearly Current Assets VS Current LiabilitesMGEE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M 250M

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4

3. MGEE Growth Analysis

3.1 Past

  • MGEE shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 11.71%, which is quite good.
  • MGEE shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 7.40% yearly.
  • MGEE shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 9.85%.
  • The Revenue has been growing slightly by 6.66% on average over the past years.
EPS 1Y (TTM)11.71%
EPS 3Y6.73%
EPS 5Y7.4%
EPS Q2Q%4.92%
Revenue 1Y (TTM)9.85%
Revenue growth 3Y1.34%
Revenue growth 5Y6.66%
Sales Q2Q%10.58%

3.2 Future

  • MGEE is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.94% yearly.
  • Based on estimates for the next years, MGEE will show a small growth in Revenue. The Revenue will grow by 6.47% on average per year.
EPS Next Y7.13%
EPS Next 2Y6.31%
EPS Next 3Y5.4%
EPS Next 5Y6.94%
Revenue Next Year3.65%
Revenue Next 2Y3.21%
Revenue Next 3Y2.37%
Revenue Next 5Y6.47%

3.3 Evolution

  • The EPS growth rate is stable: in the next years the growth will be about the same 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 stable.
MGEE Yearly Revenue VS EstimatesMGEE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 200M 400M 600M 800M
MGEE Yearly EPS VS EstimatesMGEE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 1 2 3 4 5

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3

4. MGEE Valuation Analysis

4.1 Price/Earnings Ratio

  • MGEE is valuated rather expensively with a Price/Earnings ratio of 20.21.
  • MGEE's Price/Earnings ratio is in line with the industry average.
  • When comparing the Price/Earnings ratio of MGEE to the average of the S&P500 Index (25.71), we can say MGEE is valued slightly cheaper.
  • With a Price/Forward Earnings ratio of 18.87, MGEE is valued on the expensive side.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of MGEE is on the same level as its industry peers.
  • The average S&P500 Price/Forward Earnings ratio is at 23.83. MGEE is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 20.21
Fwd PE 18.87
MGEE Price Earnings VS Forward Price EarningsMGEE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of MGEE is on the same level as its industry peers.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 12.49
MGEE Per share dataMGEE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • The excellent profitability rating of MGEE may justify a higher PE ratio.
PEG (NY)2.84
PEG (5Y)2.73
EPS Next 2Y6.31%
EPS Next 3Y5.4%

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6

5. MGEE Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 2.58%, MGEE has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 2.87, MGEE is paying slightly less dividend.
  • Compared to an average S&P500 Dividend Yield of 1.91, MGEE pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 2.58%

5.2 History

  • The dividend of MGEE has a limited annual growth rate of 4.88%.
  • MGEE has paid a dividend for at least 10 years, which is a reliable track record.
  • MGEE has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)4.88%
Div Incr Years32
Div Non Decr Years32
MGEE Yearly Dividends per shareMGEE Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5

5.3 Sustainability

  • MGEE pays out 49.74% of its income as dividend. This is a bit on the high side, but may be sustainable.
  • MGEE's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP49.74%
EPS Next 2Y6.31%
EPS Next 3Y5.4%
MGEE Yearly Income VS Free CF VS DividendMGEE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50M -50M 100M
MGEE Dividend Payout.MGEE Dividend Payout, showing the Payout Ratio.MGEE Dividend Payout.PayoutRetained Earnings

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MGEE Fundamentals: All Metrics, Ratios and Statistics

MGE ENERGY INC

NASDAQ:MGEE (3/16/2026, 11:15:27 AM)

75.18

+0.41 (+0.55%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)02-24
Earnings (Next)05-05
Inst Owners60.6%
Inst Owner Change-1.49%
Ins Owners0.27%
Ins Owner Change19.71%
Market Cap2.75B
Revenue(TTM)743.65M
Net Income(TTM)135.89M
Analysts42.86
Price Target81.86 (8.89%)
Short Float %1.58%
Short Ratio4.41
Dividend
Industry RankSector Rank
Dividend Yield 2.58%
Yearly Dividend1.85
Dividend Growth(5Y)4.88%
DP49.74%
Div Incr Years32
Div Non Decr Years32
Ex-Date02-27
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.72%
Min EPS beat(2)-1.96%
Max EPS beat(2)0.51%
EPS beat(4)2
Avg EPS beat(4)0.42%
Min EPS beat(4)-3.3%
Max EPS beat(4)6.44%
EPS beat(8)2
Avg EPS beat(8)-8.42%
EPS beat(12)3
Avg EPS beat(12)-7.4%
EPS beat(16)4
Avg EPS beat(16)-6.46%
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)2.56%
PT rev (3m)1.26%
EPS NQ rev (1m)1.79%
EPS NQ rev (3m)1.79%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.51%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.16%
Valuation
Industry RankSector Rank
PE 20.21
Fwd PE 18.87
P/S 3.7
P/FCF N/A
P/OCF 10.44
P/B 2.11
P/tB 2.11
EV/EBITDA 12.49
EPS(TTM)3.72
EY4.95%
EPS(NY)3.99
Fwd EY5.3%
FCF(TTM)-2.19
FCFYN/A
OCF(TTM)7.2
OCFY9.58%
SpS20.34
BVpS35.67
TBVpS35.67
PEG (NY)2.84
PEG (5Y)2.73
Graham Number54.64
Profitability
Industry RankSector Rank
ROA 4.31%
ROE 10.42%
ROCE 5.97%
ROIC 5.16%
ROICexc 5.17%
ROICexgc 5.17%
OM 22.95%
PM (TTM) 18.27%
GM 82.92%
FCFM N/A
ROA(3y)4.32%
ROA(5y)4.37%
ROE(3y)10.18%
ROE(5y)10.22%
ROIC(3y)5.04%
ROIC(5y)4.99%
ROICexc(3y)5.06%
ROICexc(5y)5.02%
ROICexgc(3y)5.06%
ROICexgc(5y)5.02%
ROCE(3y)5.73%
ROCE(5y)5.68%
ROICexgc growth 3Y-0.38%
ROICexgc growth 5Y1.74%
ROICexc growth 3Y-0.38%
ROICexc growth 5Y1.74%
OM growth 3Y5.99%
OM growth 5Y2.36%
PM growth 3Y5.56%
PM growth 5Y1.27%
GM growth 3Y4.77%
GM growth 5Y0.67%
F-Score5
Asset Turnover0.24
Health
Industry RankSector Rank
Debt/Equity 0.69
Debt/FCF N/A
Debt/EBITDA 3.18
Cap/Depr 300.22%
Cap/Sales 46.15%
Interest Coverage 250
Cash Conversion 92.37%
Profit Quality N/A
Current Ratio 0.77
Quick Ratio 0.55
Altman-Z 1.64
F-Score5
WACC7.86%
ROIC/WACC0.66
Cap/Depr(3y)246.57%
Cap/Depr(5y)228.67%
Cap/Sales(3y)37.77%
Cap/Sales(5y)32.61%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)11.71%
EPS 3Y6.73%
EPS 5Y7.4%
EPS Q2Q%4.92%
EPS Next Y7.13%
EPS Next 2Y6.31%
EPS Next 3Y5.4%
EPS Next 5Y6.94%
Revenue 1Y (TTM)9.85%
Revenue growth 3Y1.34%
Revenue growth 5Y6.66%
Sales Q2Q%10.58%
Revenue Next Year3.65%
Revenue Next 2Y3.21%
Revenue Next 3Y2.37%
Revenue Next 5Y6.47%
EBIT growth 1Y16.68%
EBIT growth 3Y7.41%
EBIT growth 5Y9.18%
EBIT Next Year85.35%
EBIT Next 3Y24.63%
EBIT Next 5Y26.06%
FCF growth 1Y-295.76%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-5.24%
OCF growth 3Y19.64%
OCF growth 5Y8.83%

MGE ENERGY INC / MGEE Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for MGE ENERGY INC?

ChartMill assigns a fundamental rating of 5 / 10 to MGEE.


What is the valuation status for MGEE stock?

ChartMill assigns a valuation rating of 3 / 10 to MGE ENERGY INC (MGEE). This can be considered as Overvalued.


Can you provide the profitability details for MGE ENERGY INC?

MGE ENERGY INC (MGEE) has a profitability rating of 8 / 10.


What is the valuation of MGE ENERGY INC based on its PE and PB ratios?

The Price/Earnings (PE) ratio for MGE ENERGY INC (MGEE) is 20.21 and the Price/Book (PB) ratio is 2.11.


What is the financial health of MGE ENERGY INC (MGEE) stock?

The financial health rating of MGE ENERGY INC (MGEE) is 2 / 10.