We are maintaining our $39 fair value estimate for Exelon after the company reported first-quarter earnings per share of $0.68, down from $0.70 in the same year-ago period. Management reaffirmed EPS guidance of $2.40 to $2.50, in line with our estimate. Management's 5% to 7% annual earnings growth target remains unchanged.
Exelon's is a fully regulated utility after divesting its merchant generation unit, providing a more stable cash flow profile for income-seeking investors.
Exelon's large investment plan increases regulatory risk.
|
Metric
|
EXC
|
ETR
|
PEG
|
|---|---|---|---|
Price/Earnings (Normalized) | 16.38 | 15.96 | 21.60 |
Price/Book Value | 1.39 | 1.59 | 2.33 |
Price/Sales | 1.63 | 1.92 | 3.59 |
Price/Cash Flow | 6.20 | 5.94 | 14.69 |
|
Metric
|
EXC
|
ETR
|
PEG
|
|---|---|---|---|
Quick Ratio | 0.54 | 0.24 | 0.54 |
Current Ratio | 1.03 | 0.57 | 0.79 |
Interest Coverage | 2.47 | 2.50 | 3.86 |
|
Metric
|
EXC
|
ETR
|
PEG
|
|---|---|---|---|
Return on Assets (Normalized) | 2.33% | 3.63% | 2.64% |
Return on Equity (Normalized) | 9.13% | 15.81% | 8.74% |
Return on Invested Capital (Normalized) | 5.67% | 6.74% | 5.22% |
|
1-Day Chart
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Name
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Price
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Morningstar Rating for Stocks
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