Now trading at a price of $97.6, Consolidated Edison has moved 1.0% so far today.
Consolidated Edison shares moved -0.3% over the last 52 weeks, with a high of $102.21 and a low of $78.1. During this time, the stock outperformed the S&P 500 index by 6.0%. As of January 2022, the company's 50-day average price is $94.0. Consolidated Edison, Inc., through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States. The large-cap Utilities company has 14,319 full time employees and is based in New York, NY. Consolidated Edison has returned a 3.3% dividend yield over the last 12 months.
The Company Has Irregular and Negative Cash Flows:
| 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | |
|---|---|---|---|---|
| Revenue (MM) | $12,574 | $12,246 | $13,676 | $15,670 |
| Revenue Growth | n/a | -2.61% | 11.68% | 14.58% |
| Gross Margins | 53.8% | 58.4% | 56.1% | 49.0% |
| Gross Margins Growth | n/a | 8.55% | -3.94% | -12.66% |
| Operating Margins | 21.3% | 21.7% | 20.7% | 16.8% |
| Operating Margins Growth | n/a | 1.88% | -4.61% | -18.84% |
| Net Margins | 10.68% | 8.99% | 9.84% | 10.59% |
| Net Margins Growth | n/a | -15.82% | 9.45% | 7.62% |
| Earnings Per Share | $4.08 | $3.28 | $3.85 | $4.66 |
| EPS Growth | n/a | -19.61% | 17.38% | 21.04% |
| Diluted Shares (MM) | 330 | 336 | 349 | 355 |
| Free Cash Flow (MM) | -$352 | -$1,711 | -$1,220 | -$233 |
| FCF Growth | n/a | -386.08% | 28.7% | 80.9% |
| Capital Expenditures (MM) | -$3,486 | -$3,909 | -$3,953 | -$4,168 |
| Net Debt / EBITDA | 4.81 | 5.25 | 4.97 | 4.45 |
Consolidated Edison Is Overvalued:
Compared to the Utilities sector's average of 22.89, Consolidated Edison has a trailing twelve month P/E ratio of 20.9 and, according to its EPS guidance of 5.2, an expected P/E ratio of 18.8. Consolidated Edison's PEG ratio is 3.21 based on its 6.3% compound average growth rate of historical and projected earnings per share. This suggests that the company's shares are overvalued.
Consolidated Edison's P/B ratio is 1.7 compared to its sector average of 1.03. The company is likely overvalued in terms of its net asset value. The company's shares are currently trading 35.3% above their fair value as expressed by Benjamin Graham's formula:
√(22.5 * 4-year average EPS * book value per share) = √(22.5 * 3.97 * 58.279) = $72.15
Most of the Market Indicators on Consolidated Edison Are Negative:
13 analysts are following Consolidated Edison and have set target prices ranging from $70.0 to $103.0 per share. On average, they have given the company a rating of hold. At the current price of $97.6, ED is trading 9.28% away from its average analyst target price of $89.31 per share, implying an analyst consensus of little upside potential for the stock.
The company has an average amount of shares sold short since 3.5% of the company's shares are tied to short positions. Institutions own 71.1% of Consolidated Edison's shares, while the insider ownership rate stands at 0.13%. The biggest shareholder is Blackrock Inc. with a 13% stake in the company worth approximately $4,475,179,042.
