P G & E CORP (PCG)
US69331C1080 - Common Stock
Overall PCG gets a fundamental rating of 3 out of 10. We evaluated PCG against 45 industry peers in the Electric Utilities industry. While PCG is still in line with the averages on profitability rating, there are concerns on its financial health. PCG has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year PCG was profitable.
In the past year PCG had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: PCG reported negative net income in multiple years.
Of the past 5 years PCG 4 years had a positive operating cash flow.
1.2 Ratios
The Return On Assets of PCG (1.78%) is worse than 71.11% of its industry peers.
PCG has a Return On Equity (8.95%) which is in line with its industry peers.
With a Return On Invested Capital value of 2.32%, PCG is not doing good in the industry: 84.44% of the companies in the same industry are doing better.
Measured over the past 3 years, the Average Return On Invested Capital for PCG is below the industry average of 4.58%.
The last Return On Invested Capital (2.32%) for PCG is above the 3 year average (2.23%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.78% | ||
| ROE | 8.95% | ||
| ROIC | 2.32% |
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 9.18%. This is in the lower half of the industry: PCG underperforms 62.22% of its industry peers.
PCG has a Operating Margin of 13.52%. This is in the lower half of the industry: PCG underperforms 71.11% of its industry peers.
PCG's Operating Margin has improved in the last couple of years.
PCG has a better Gross Margin (82.82%) than 84.44% of its industry peers.
In the last couple of years the Gross Margin of PCG has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 13.52% | ||
| PM (TTM) | 9.18% | ||
| GM | 82.82% |
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), PCG is destroying value.
Compared to 1 year ago, PCG has more shares outstanding
PCG has more shares outstanding than it did 5 years ago.
PCG has a worse debt/assets ratio than last year.
2.2 Solvency
PCG has an Altman-Z score of 0.40. This is a bad value and indicates that PCG is not financially healthy and even has some risk of bankruptcy.
PCG has a worse Altman-Z score (0.40) than 84.44% of its industry peers.
A Debt/Equity ratio of 2.22 is on the high side and indicates that PCG has dependencies on debt financing.
PCG's Debt to Equity ratio of 2.22 is on the low side compared to the rest of the industry. PCG is outperformed by 91.11% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.22 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.4 |
ROIC/WACC0.42
WACC5.58%
2.3 Liquidity
PCG has a Current Ratio of 0.83. 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 0.83 is in line compared to the rest of the industry. PCG outperforms 51.11% of its industry peers.
PCG has a Quick Ratio of 0.83. This is a bad value and indicates that PCG is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.78, PCG perfoms like the industry average, outperforming 57.78% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.83 | ||
| Quick Ratio | 0.78 |
3. Growth
3.1 Past
PCG shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 11.82%, which is quite good.
PCG shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -21.01% yearly.
Looking at the last year, PCG shows a quite strong growth in Revenue. The Revenue has grown by 12.68% in the last year.
PCG shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.83% yearly.
EPS 1Y (TTM)11.82%
EPS 3Y-19.41%
EPS 5Y-21.01%
EPS growth Q2Q80.77%
Revenue 1Y (TTM)12.68%
Revenue growth 3Y9.77%
Revenue growth 5Y7.83%
Revenue growth Q2Q31.12%
3.2 Future
The Earnings Per Share is expected to grow by 9.09% on average over the next years. This is quite good.
The Revenue is expected to grow by 3.01% on average over the next years.
EPS Next Y11.12%
EPS Next 2Y9.71%
EPS Next 3Y9.17%
EPS Next 5Y9.09%
Revenue Next Year8.32%
Revenue Next 2Y6.44%
Revenue Next 3Y5.99%
Revenue Next 5Y3.01%
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 decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 13.24, which indicates a correct valuation of PCG.
75.56% of the companies in the same industry are more expensive than PCG, based on the Price/Earnings ratio.
PCG's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 25.05.
With a Price/Forward Earnings ratio of 11.92, the valuation of PCG can be described as very reasonable.
Based on the Price/Forward Earnings ratio, PCG is valued a bit cheaper than 75.56% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 21.53. PCG is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.24 | ||
| Fwd PE | 11.92 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, PCG is valued a bit more expensive than the industry average as 73.33% of the companies are valued more cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 12.4 |
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)1.19
PEG (5Y)N/A
EPS Next 2Y9.71%
EPS Next 3Y9.17%
5. Dividend
5.1 Amount
PCG has a yearly dividend return of 0.24%, which is pretty low.
With a Dividend Yield of 0.24, PCG pays less dividend than the industry average, which is at 5.35. 91.11% of the companies listed in the same industry pay a better dividend than PCG!
Compared to an average S&P500 Dividend Yield of 2.39, PCG's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.24% |
5.2 History
PCG has been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of PCG decreased recently.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
DP0%
EPS Next 2Y9.71%
EPS Next 3Y9.17%
P G & E CORP
NYSE:PCG (4/15/2024, 7:24:13 PM)
After market: 16.29 0 (0%)16.29
-0.31 (-1.87%)
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 Cap34.76B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.24% |
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(8)
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EPS beat(12)
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EPS beat(16)
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Revenue beat(2)
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Revenue beat(8)
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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 | 13.24 | ||
| Fwd PE | 11.92 | ||
| 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)1.19
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.78% | ||
| ROE | 8.95% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 13.52% | ||
| PM (TTM) | 9.18% | ||
| GM | 82.82% | ||
| 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 | 2.22 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.83 | ||
| Quick Ratio | 0.78 | ||
| 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)11.82%
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)12.68%
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