Now trading at a price of $37.01, Exelon has moved -1.1% so far today.
Over the last year, Exelon logged a -0.0% change, with its stock price reaching a high of $44.37 and a low of $35.19. Over the same period, the stock underperformed the S&P 500 index by -14.0%. As of April 2023, the company's 50-day average price was $40.19. Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States and Canada. Based in Chicago, IL, the large-cap Utilities company has 19,063 full time employees. Exelon has offered a 3.7% dividend yield over the last 12 months.
The Company May Be Profitable, but Its Balance Sheet Is Highly Leveraged:
| 2018-02-09 | 2019-02-08 | 2020-02-11 | 2021-02-24 | 2022-02-25 | 2023-02-14 | |
|---|---|---|---|---|---|---|
| Revenue (MM) | $33,565 | $35,978 | $34,438 | $16,663 | $17,938 | $19,078 |
| Gross Margins | 57.0% | 86.0% | 55.0% | 66.0% | 64.0% | 67.0% |
| Operating Margins | 12% | 43% | 13% | 13% | 15% | 17% |
| Net Margins | 11.0% | 6.0% | 9.0% | 12.0% | 10.0% | 11.0% |
| Net Income (MM) | $3,786 | $2,005 | $2,936 | $1,963 | $1,706 | $2,170 |
| Net Interest Expense (MM) | -$1,560 | -$1,554 | -$1,616 | -$1,307 | -$1,289 | -$1,447 |
| Depreciation & Amort. (MM) | -$5,427 | -$5,971 | -$5,780 | -$6,527 | -$7,573 | -$3,533 |
| Earnings Per Share | $2.85 | $1.48 | $2.15 | $1.43 | $1.74 | $2.21 |
| EPS Growth | n/a | -48.07% | 45.27% | -33.49% | 21.68% | 27.01% |
| Diluted Shares (MM) | 1,330 | 1,359 | 1,366 | 1,370 | 980 | 980 |
| Free Cash Flow (MM) | $14,845 | $7,385 | $13,854 | $8,896 | $3,584 | $11,513 |
| Capital Expenditures (MM) | -$7,365 | $1,259 | -$7,195 | -$4,661 | -$572 | -$6,643 |
| Net Current Assets (MM) | -$72,687 | -$73,259 | -$78,367 | -$81,887 | -$84,261 | -$63,269 |
| Long Term Debt (MM) | $32,565 | $34,465 | $31,719 | $35,483 | $31,139 | $35,662 |
| Net Debt / EBITDA | 3.7 | 1.64 | 3.68 | 4.44 | 3.3 | 5.79 |
Exelon's Valuation Is in Line With Its Sector Averages:
Exelon has a trailing twelve month P/E ratio of 18.6, compared to an average of 22.89 for the Utilities sector. Based on its EPS guidance of $2.5, the company has a forward P/E ratio of 16.1. The company doesn't issue forward earnings guidance, and the compound average growth rate of its last 6 years of reported EPS is -4.5%. On this basis, the company's PEG ratio is -4.12, which indicates that its shares are overpriced. Furthermore, Exelon is likely overvalued compared to the book value of its equity, since its P/B ratio of 1.47 is higher than the sector average of 1.03. The company's shares are currently trading 4.5% below their Graham number.
There's an Analyst Consensus of Some Upside Potential for Exelon:
The 16 analysts following Exelon have set target prices ranging from $39.0 to $48.0 per share, for an average of $44.78 with a buy rating. As of April 2023, the company is trading -10.3% away from its average target price, indicating that there is an analyst consensus of some upside potential.
Exelon has a very low short interest because 1.5% of the company's shares are sold short. Institutions own 85.2% of the company's shares, and the insider ownership rate stands at 0.21%, suggesting a small amount of insider investors. The largest shareholder is Wellington Management Group, LLP, whose 9% stake in the company is worth $3,362,142,579.
