P G & E CORP (PCG)
US69331C1080 - Common Stock
PCG gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 45 industry peers in the Electric Utilities industry. There are concerns on the financial health of PCG while its profitability can be described as average. PCG has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
PCG had positive earnings in the past year.
PCG had a positive operating cash flow in the past year.
In multiple years PCG reported negative net income over the last 5 years.
Of the past 5 years PCG 4 years had a positive operating cash flow.
1.2 Ratios
With a Return On Assets value of 1.88%, PCG is not doing good in the industry: 62.22% of the companies in the same industry are doing better.
Looking at the Return On Equity, with a value of 9.35%, PCG is in the better half of the industry, outperforming 62.22% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 2.69%, PCG is doing worse than 68.89% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for PCG is below the industry average of 4.41%.
The 3 year average ROIC (2.23%) for PCG is below the current ROIC(2.69%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.88% | ||
| ROE | 9.35% | ||
| ROIC | 2.69% |
ROA(3y)1.07%
ROA(5y)-1.43%
ROE(3y)5.45%
ROE(5y)-27.8%
ROIC(3y)2.23%
ROIC(5y)2.04%
1.3 Margins
PCG has a Profit Margin of 9.99%. This is comparable to the rest of the industry: PCG outperforms 42.22% of its industry peers.
PCG has a Operating Margin (16.24%) which is in line with its industry peers.
In the last couple of years the Operating Margin of PCG has grown nicely.
PCG has a better Gross Margin (85.01%) than 84.44% of its industry peers.
PCG's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 16.24% | ||
| PM (TTM) | 9.99% | ||
| GM | 85.01% |
OM growth 3Y1.06%
OM growth 5Y1.81%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.63%
GM growth 5Y2.51%
2. Health
2.1 Basic Checks
PCG has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
PCG has more shares outstanding than it did 1 year ago.
The number of shares outstanding for PCG has been increased compared to 5 years ago.
The debt/assets ratio for PCG is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.46, we must say that PCG is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.46, PCG is doing worse than 68.89% of the companies in the same industry.
A Debt/Equity ratio of 2.21 is on the high side and indicates that PCG has dependencies on debt financing.
The Debt to Equity ratio of PCG (2.21) is worse than 80.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.21 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.46 |
ROIC/WACC0.47
WACC5.72%
2.3 Liquidity
PCG has a Current Ratio of 0.99. This is a bad value and indicates that PCG is not financially healthy enough and could expect problems in meeting its short term obligations.
PCG's Current ratio of 0.99 is in line compared to the rest of the industry. PCG outperforms 53.33% of its industry peers.
PCG has a Quick Ratio of 0.99. This is a bad value and indicates that PCG is not financially healthy enough and could expect problems in meeting its short term obligations.
PCG has a Quick ratio of 0.93. This is comparable to the rest of the industry: PCG outperforms 57.78% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.99 | ||
| Quick Ratio | 0.93 |
3. Growth
3.1 Past
PCG shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 20.18%, which is quite impressive.
PCG shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -21.01% yearly.
PCG shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 9.00%.
Measured over the past years, PCG shows a small growth in Revenue. The Revenue has been growing by 7.83% on average per year.
EPS 1Y (TTM)20.18%
EPS 3Y-19.41%
EPS 5Y-21.01%
EPS growth Q2Q27.59%
Revenue 1Y (TTM)9%
Revenue growth 3Y9.77%
Revenue growth 5Y7.83%
Revenue growth Q2Q-5.6%
3.2 Future
Based on estimates for the next years, PCG will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.42% on average per year.
Based on estimates for the next years, PCG will show a small growth in Revenue. The Revenue will grow by 3.17% on average per year.
EPS Next Y11.12%
EPS Next 2Y9.71%
EPS Next 3Y9.17%
EPS Next 5Y9.42%
Revenue Next Year8.32%
Revenue Next 2Y6.44%
Revenue Next 3Y5.99%
Revenue Next 5Y3.17%
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 decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 13.41, the valuation of PCG can be described as correct.
Based on the Price/Earnings ratio, PCG is valued a bit cheaper than 71.11% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 28.28, PCG is valued rather cheaply.
With a Price/Forward Earnings ratio of 11.87, the valuation of PCG can be described as very reasonable.
77.78% of the companies in the same industry are more expensive than PCG, based on the Price/Forward Earnings ratio.
PCG's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 20.88.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.41 | ||
| Fwd PE | 11.87 |
4.2 Price Multiples
PCG's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. PCG is more expensive than 64.44% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 12.12 |
4.3 Compensation for Growth
PCG's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.21
PEG (5Y)N/A
EPS Next 2Y9.71%
EPS Next 3Y9.17%
5. Dividend
5.1 Amount
With a yearly dividend of 0.23%, PCG is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 4.15, PCG's dividend is way lower than its industry peers. On top of this 88.89% of the companies listed in the same industry pay a better dividend than PCG!
Compared to an average S&P500 Dividend Yield of 2.41, PCG's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.23% |
5.2 History
PCG has been paying a dividend for at least 10 years, so it has a reliable track record.
PCG has decreased its dividend recently.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
DPN/A
EPS Next 2Y9.71%
EPS Next 3Y9.17%
P G & E CORP
NYSE:PCG (5/3/2024, 9:07:52 PM)
After market: 17.57 0 (0%)17.57
+0.04 (+0.23%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap37.55B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.23% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
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EPS beat(4)
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Min EPS beat(4)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
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Revenue beat(4)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.41 | ||
| Fwd PE | 11.87 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)1.21
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.88% | ||
| ROE | 9.35% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 16.24% | ||
| PM (TTM) | 9.99% | ||
| GM | 85.01% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.19
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.21 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.99 | ||
| Quick Ratio | 0.93 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)20.18%
EPS 3Y-19.41%
EPS 5Y
EPS growth Q2Q
EPS Next Y11.12%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)9%
Revenue growth 3Y9.77%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y