Financials Consolidated Edison, Inc.

Equities

ED

US2091151041

Electric Utilities

Market Closed - Nyse 21:00:02 03/05/2024 BST 5-day change 1st Jan Change
95.56 USD +0.33% Intraday chart for Consolidated Edison, Inc. +2.83% +5.05%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 30,075 24,725 30,182 33,822 31,405 33,048 - -
Enterprise Value (EV) 1 50,759 47,672 53,722 55,727 54,680 56,261 58,426 59,907
P/E ratio 22.1 x 22 x 22.2 x 20.4 x 12.5 x 17.9 x 17 x 16.6 x
Yield 3.27% 4.23% 3.63% 3.32% 3.56% 3.47% 3.59% 3.7%
Capitalization / Revenue 2.39 x 2.02 x 2.21 x 2.16 x 2.14 x 2.12 x 2.04 x 1.99 x
EV / Revenue 4.04 x 3.89 x 3.93 x 3.56 x 3.73 x 3.61 x 3.61 x 3.61 x
EV / EBITDA 11.3 x 9.54 x 10.5 x 11.9 x 10.5 x 10.8 x 10.3 x 9.99 x
EV / FCF -89.5 x -27.4 x -43 x -192 x -23.4 x 213 x 346 x -338 x
FCF Yield -1.12% -3.65% -2.33% -0.52% -4.28% 0.47% 0.29% -0.3%
Price to Book 1.67 x 1.31 x 1.5 x 1.64 x 1.49 x 1.51 x 1.43 x 1.37 x
Nbr of stocks (in thousands) 332,430 342,116 353,749 354,863 345,220 345,835 - -
Reference price 2 90.47 72.27 85.32 95.31 90.97 95.56 95.56 95.56
Announcement Date 20/02/20 18/02/21 17/02/22 16/02/23 15/02/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 12,574 12,246 13,676 15,670 14,663 15,593 16,166 16,618
EBITDA 1 4,485 4,995 5,115 4,680 5,227 5,201 5,694 5,995
EBIT 1 2,801 3,075 3,083 2,624 3,196 2,958 3,323 3,567
Operating Margin 22.28% 25.11% 22.54% 16.75% 21.8% 18.97% 20.55% 21.46%
Earnings before Tax (EBT) 1 1,736 1,234 1,383 2,098 3,003 2,274 2,425 2,635
Net income 1 1,343 1,101 1,346 1,660 2,519 1,844 1,983 2,152
Net margin 10.68% 8.99% 9.84% 10.59% 17.18% 11.83% 12.27% 12.95%
EPS 2 4.090 3.290 3.850 4.680 7.250 5.331 5.632 5.763
Free Cash Flow 1 -567 -1,738 -1,250 -290 -2,338 264 169 -177
FCF margin -4.51% -14.19% -9.14% -1.85% -15.94% 1.69% 1.05% -1.07%
FCF Conversion (EBITDA) - - - - - 5.08% 2.97% -
FCF Conversion (Net income) - - - - - 14.32% 8.52% -
Dividend per Share 2 2.960 3.060 3.100 3.160 3.240 3.320 3.429 3.539
Announcement Date 20/02/20 18/02/21 17/02/22 16/02/23 15/02/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 3,415 4,060 3,415 4,165 4,031 4,403 2,944 3,872 3,444 4,280 3,115 4,085 3,708
EBITDA 1 1,401 1,212 926 1,414 1,013 1,364 780 1,284 975 1,580 848.9 1,321 1,321
EBIT 1 880 799 387 889 550 865 284 722 451 1,041 332.7 862.8 724.3
Operating Margin 25.77% 19.68% 11.33% 21.34% 13.64% 19.65% 9.65% 18.65% 13.1% 24.32% 10.68% 21.12% 19.53%
Earnings before Tax (EBT) 1 183 707 271 779 341 1,673 255 670 406 904 257.3 769.6 490.2
Net income 1 224 602 255 613 190 1,433 226 526 335 720 183.5 622.4 384.6
Net margin 6.56% 14.83% 7.47% 14.72% 4.71% 32.55% 7.68% 13.58% 9.73% 16.82% 5.89% 15.24% 10.37%
EPS 2 0.6300 1.700 0.7200 1.730 0.5300 4.060 0.6500 1.530 0.9700 2.080 0.4289 1.547 1.063
Dividend per Share 2 0.7750 0.7900 0.7900 0.7900 0.7900 0.8100 0.8100 0.8100 0.8100 - 0.8395 0.8395 0.8395
Announcement Date 17/02/22 05/05/22 04/08/22 03/11/22 16/02/23 04/05/23 03/08/23 02/11/23 15/02/24 02/05/24 - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 20,684 22,947 23,540 21,905 23,275 23,213 25,378 26,859
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 4.612 x 4.594 x 4.602 x 4.681 x 4.453 x 4.463 x 4.457 x 4.481 x
Free Cash Flow 1 -567 -1,738 -1,250 -290 -2,338 264 169 -177
ROE (net income / shareholders' equity) 8.28% 7.59% 6.92% 7.96% 12% 8.45% 8.66% 8.79%
ROA (Net income/ Total Assets) 2.57% 2.31% 2.14% 2.45% 3.72% 2.8% 2.85% 2.92%
Assets 1 52,300 47,662 63,006 67,722 67,699 65,856 69,639 73,779
Book Value Per Share 2 54.20 55.10 56.80 58.30 61.30 63.30 66.60 69.80
Cash Flow per Share 2 9.510 6.550 7.820 11.10 6.170 12.20 - -
Capex 1 3,701 3,936 3,983 4,225 4,494 4,844 5,237 5,987
Capex / Sales 29.43% 32.14% 29.12% 26.96% 30.65% 31.06% 32.39% 36.03%
Announcement Date 20/02/20 18/02/21 17/02/22 16/02/23 15/02/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
17
Last Close Price
95.56 USD
Average target price
91 USD
Spread / Average Target
-4.77%
Consensus
  1. Stock Market
  2. Equities
  3. ED Stock
  4. Financials Consolidated Edison, Inc.