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Edison International

DB:EIX
Snowflake Description

Average dividend payer with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
EIX
DB
$26B
Market Cap
  1. Home
  2. DE
  3. Utilities
Company description

Edison International, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in the United States. The last earnings update was 23 days ago. More info.


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EIX Share Price and Events
7 Day Returns
-1.8%
DB:EIX
2%
Europe Electric Utilities
-1.6%
DE Market
1 Year Returns
5.9%
DB:EIX
18.5%
Europe Electric Utilities
-10.5%
DE Market
EIX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Edison International (EIX) -1.8% 4% 21.5% 5.9% -1.3% 47.2%
Europe Electric Utilities 2% 1.1% 5.7% 18.5% 38.3% 6.8%
DE Market -1.6% -5.4% -6% -10.5% -0% 8.1%
1 Year Return vs Industry and Market
  • EIX underperformed the Electric Utilities industry which returned 18.5% over the past year.
  • EIX outperformed the Market in Germany which returned -10.5% over the past year.
Price Volatility
EIX
Industry
5yr Volatility vs Market

EIX Value

 Is Edison International undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Edison International to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Edison International.

DB:EIX Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 12 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:EIX
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Electric Utilities Unlevered Beta Simply Wall St/ S&P Global 0.32
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.321 (1 + (1- 21%) (70.55%))
0.665
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.8 * 5.96%)
5%

Discounted Cash Flow Calculation for DB:EIX using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Edison International is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:EIX DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 5%)
2020 49.00 Analyst x1 46.67
2021 303.00 Analyst x1 274.85
2022 486.16 Est @ 60.45% 420.01
2023 692.21 Est @ 42.38% 569.57
2024 898.05 Est @ 29.74% 703.78
2025 1,085.60 Est @ 20.88% 810.28
2026 1,245.05 Est @ 14.69% 885.07
2027 1,373.90 Est @ 10.35% 930.19
2028 1,474.37 Est @ 7.31% 950.72
2029 1,550.86 Est @ 5.19% 952.46
Present value of next 10 years cash flows $6,543.60
DB:EIX DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $1,550.86 × (1 + 0.23%) ÷ (5% – 0.23%)
$32,600.54
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $32,600.54 ÷ (1 + 5%)10
$20,021.53
DB:EIX Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $6,543.60 + $20,021.53
$26,565.13
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $26,565.13 / 358.09
$74.19
DB:EIX Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:EIX represents 0.89572x of NYSE:EIX
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.89572x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 74.19 x 0.89572
€66.45
Value per share (EUR) From above. €66.45
Current discount Discount to share price of €64.94
= -1 x (€64.94 - €66.45) / €66.45
2.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Edison International is available for.
Intrinsic value
2%
Share price is €64.94 vs Future cash flow value of €66.45
Current Discount Checks
For Edison International to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Edison International's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Edison International's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Edison International's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Edison International's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:EIX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $-0.86
NYSE:EIX Share Price ** NYSE (2019-08-16) in USD $72.5
Europe Electric Utilities Industry PE Ratio Median Figure of 72 Publicly-Listed Electric Utilities Companies 11.83x
Germany Market PE Ratio Median Figure of 410 Publicly-Listed Companies 18.56x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Edison International.

DB:EIX PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:EIX Share Price ÷ EPS (both in USD)

= 72.5 ÷ -0.86

-84.11x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Edison International is loss making, we can't compare its value to the Europe Electric Utilities industry average.
  • Edison International is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Edison International's expected growth come at a high price?
Raw Data
DB:EIX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -84.11x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts
31.3%per year
Europe Electric Utilities Industry PEG Ratio Median Figure of 35 Publicly-Listed Electric Utilities Companies 1.2x
Germany Market PEG Ratio Median Figure of 262 Publicly-Listed Companies 1.3x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Edison International, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Edison International's assets?
Raw Data
DB:EIX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $32.90
NYSE:EIX Share Price * NYSE (2019-08-16) in USD $72.5
Europe Electric Utilities Industry PB Ratio Median Figure of 77 Publicly-Listed Electric Utilities Companies 0.81x
Germany Market PB Ratio Median Figure of 567 Publicly-Listed Companies 1.64x
DB:EIX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:EIX Share Price ÷ Book Value per Share (both in USD)

= 72.5 ÷ 32.90

2.2x

* Primary Listing of Edison International.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Edison International is overvalued based on assets compared to the Europe Electric Utilities industry average.
X
Value checks
We assess Edison International's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electric Utilities industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electric Utilities industry average (and greater than 0)? (1 check)
  5. Edison International has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

EIX Future Performance

 How is Edison International expected to perform in the next 1 to 3 years based on estimates from 12 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
31.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Edison International expected to grow at an attractive rate?
  • Edison International's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Edison International's earnings growth is expected to exceed the Germany market average.
  • Edison International's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:EIX Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:EIX Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts 31.3%
DB:EIX Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts 2.9%
Europe Electric Utilities Industry Earnings Growth Rate Market Cap Weighted Average 7.1%
Europe Electric Utilities Industry Revenue Growth Rate Market Cap Weighted Average 4.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:EIX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:EIX Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31
2021-12-31 13,962 3,708 1,740 8
2020-12-31 13,716 3,720 1,599 12
2019-12-31 13,227 2,897 1,524 12
DB:EIX Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 12,914 2,558 -281
2019-03-31 12,917 2,528 -397
2018-12-31 12,657 3,177 -457
2018-09-30 12,868 3,170 462
2018-06-30 12,271 3,376 419
2018-03-31 12,421 3,572 421
2017-12-31 12,320 3,597 565
2017-09-30 11,984 3,452 1,426
2017-06-30 12,079 3,262 1,377
2017-03-31 11,892 3,285 1,381
2016-12-31 11,869 3,254 1,299
2016-09-30 11,326 4,178 912

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Edison International's earnings are expected to grow significantly at over 20% yearly.
  • Edison International's revenue is expected to grow by 2.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:EIX Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below

All data from Edison International Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:EIX Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 4.69 4.80 4.59 2.00
2020-12-31 4.45 4.63 4.25 4.00
2019-12-31 4.58 4.75 4.45 3.00
DB:EIX Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 -0.86
2019-03-31 -1.22
2018-12-31 -1.40
2018-09-30 1.42
2018-06-30 1.29
2018-03-31 1.29
2017-12-31 1.73
2017-09-30 4.37
2017-06-30 4.22
2017-03-31 4.24
2016-12-31 3.98
2016-09-30 2.80

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Edison International is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Edison International's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Edison International has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

EIX Past Performance

  How has Edison International performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Edison International's growth in the last year to its industry (Electric Utilities).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Edison International does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Edison International's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Edison International's 1-year growth to the Europe Electric Utilities industry average as it is not currently profitable.
Earnings and Revenue History
Edison International's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Edison International Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:EIX Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 12,914.00 -281.00 1,093.00
2019-03-31 12,917.00 -397.00 422.00
2018-12-31 12,657.00 -457.00
2018-09-30 12,868.00 462.00 -52.00
2018-06-30 12,271.00 419.00 -52.00
2018-03-31 12,421.00 421.00 -26.00
2017-12-31 12,320.00 565.00
2017-09-30 11,984.00 1,426.00
2017-06-30 12,079.00 1,377.00
2017-03-31 11,892.00 1,381.00
2016-12-31 11,869.00 1,299.00
2016-09-30 11,326.00 912.00
2016-06-30 11,322.00 868.00
2016-03-31 11,452.00 965.00
2015-12-31 11,524.00 984.00
2015-09-30 12,298.00 1,435.00
2015-06-30 12,890.00 1,554.00
2015-03-31 12,999.00 1,527.00
2014-12-31 13,413.00 1,426.00
2014-09-30 13,241.00 1,310.00
2014-06-30 12,846.00 1,277.00
2014-03-31 12,875.00 818.00
2013-12-31 12,581.00 879.00
2013-09-30 12,698.00 1,401.00
2013-06-30 12,472.00 1,295.00
2013-03-31 12,079.00 1,585.00
2012-12-31 11,862.00 1,503.00
2012-09-30 10,053.00 953.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Edison International has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Edison International used its assets less efficiently than the Europe Electric Utilities industry average last year based on Return on Assets.
  • It is difficult to establish if Edison International improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Edison International's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electric Utilities industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Edison International has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

EIX Health

 How is Edison International's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Edison International's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Edison International's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Edison International's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Edison International's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Edison International Company Filings, last reported 1 month ago.

DB:EIX Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 12,913.00 17,575.00 257.00
2019-03-31 12,719.00 16,694.00 328.00
2018-12-31 12,652.00 15,431.00 144.00
2018-09-30 14,289.00 14,811.00 71.00
2018-06-30 13,972.00 14,624.00 99.00
2018-03-31 13,889.00 13,916.00 105.00
2017-12-31 13,885.00 14,516.00 1,091.00
2017-09-30 14,623.00 13,129.00 117.00
2017-06-30 14,812.00 12,809.00 98.00
2017-03-31 14,249.00 12,938.00 150.00
2016-12-31 14,192.00 12,463.00 96.00
2016-09-30 14,005.00 12,045.00 84.00
2016-06-30 13,748.00 12,341.00 111.00
2016-03-31 13,635.00 11,901.00 137.00
2015-12-31 13,394.00 11,873.00 161.00
2015-09-30 13,631.00 12,406.00 134.00
2015-06-30 13,350.00 12,884.00 139.00
2015-03-31 13,101.00 12,573.00 115.00
2014-12-31 12,988.00 12,029.00 132.00
2014-09-30 12,758.00 12,186.00 142.00
2014-06-30 12,403.00 12,079.00 190.00
2014-03-31 12,002.00 11,037.00 149.00
2013-12-31 11,691.00 10,635.00 146.00
2013-09-30 11,442.00 11,161.00 610.00
2013-06-30 11,108.00 10,483.00 148.00
2013-03-31 11,309.00 10,049.00 115.00
2012-12-31 11,191.00 9,406.00 170.00
2012-09-30 12,020.00 14,702.00 1,080.00
  • Edison International's level of debt (136.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (95.1% vs 136.1% today).
  • Debt is not well covered by operating cash flow (14.6%, less than 20% of total debt).
  • Edison International is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Edison International's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Edison International has a total score of 0/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

EIX Dividends

 What is Edison International's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.38%
Current annual income from Edison International dividends. Estimated to be 3.49% next year.
If you bought €2,000 of Edison International shares you are expected to receive €68 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Edison International's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.59%).
  • Edison International's dividend is below the markets top 25% of dividend payers in Germany (4.29%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:EIX Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
Europe Electric Utilities Industry Average Dividend Yield Market Cap Weighted Average of 44 Stocks 4%
Germany Market Average Dividend Yield Market Cap Weighted Average of 320 Stocks 3.3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.3%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:EIX Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31 2.63 9.00
2020-12-31 2.53 12.00
2019-12-31 2.46 11.00
DB:EIX Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-06-26 2.450 3.474
2019-02-28 2.450 3.940
2018-12-06 2.450 4.245
2018-08-23 2.420 3.761
2018-06-21 2.420 3.675
2018-02-22 2.420 3.896
2017-12-07 2.420 3.827
2017-08-24 2.170 2.740
2017-04-27 2.170 2.735
2017-02-23 2.170 2.719
2016-12-08 2.170 2.990
2016-08-25 1.920 2.692
2016-04-29 1.920 2.590
2016-02-25 1.920 2.743
2015-12-10 1.920 3.147
2015-08-27 1.670 2.747
2015-06-17 1.670 2.841
2015-02-26 1.670 2.723
2014-12-11 1.670 2.527
2014-08-29 1.420 2.364
2014-06-19 1.420 2.491
2014-02-27 1.420 2.590
2013-12-12 1.420 2.986
2013-09-05 1.350 2.873
2013-04-26 1.350 2.809
2013-02-28 1.350 2.652
2012-12-21 1.350 2.894
2012-09-06 1.300 2.859
2012-04-26 1.300 2.891
2012-02-23 1.300 3.047
2011-12-08 1.300 3.204
2011-09-01 1.280 3.331
2011-04-28 1.280 3.360
2011-02-24 1.280 3.436
2010-12-09 1.280 3.398
2010-09-02 1.260 3.497
2010-04-22 1.260 3.798
2010-02-25 1.260 3.703
2009-12-10 1.260 3.668
2009-09-03 1.240 3.698
2009-06-18 1.240 3.883
2009-02-26 1.240 4.344
2008-12-11 1.240 3.948
2008-09-04 1.220 3.480

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Edison International's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.8x coverage).
X
Income/ dividend checks
We assess Edison International's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Edison International afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Edison International has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

EIX Management

 What is the CEO of Edison International's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Pedro Pizarro
COMPENSATION $9,777,523
AGE 53
TENURE AS CEO 2.9 years
CEO Bio

Mr. Pedro J. Pizarro has been the Chief Executive Officer of Edison International since September 30, 2016 and has been its President since June 01 2016. He joined Edison International in 1999. Mr. Pizarro served as the President of Southern California Edison Company (SCE) since October 1, 2014 until June 2016. From January 01, 2011 to March 2014, he served as President of Edison Mission Energy, an indirect subsidiary of EIX that filed for bankruptcy in 2012. He served as the President of Edison Mission Group Inc. since January 2011. Mr. Pizarro served as Vice President of Edison International. He served as Principal Executive Officer of Edison Mission Group Inc. since January 1, 2011. He served as an Executive Vice President of Power Operations at Southern California Edison Company from April 2008 to January 1, 2011 and served as its Senior Vice President of Power Procurement since May 2005. He served as Vice President of Power Procurement at Southern California Edison Company from January 2004 to April 2005 and served as its Vice President of Strategy & Business Development from July 2001 to December 2003. He served as Executive Vice President of SCE from 2008 to 2010. He served as Vice President of Technology Business Development at Edison International from September 2000 to June 2001, Director of Strategic Planning of Edison International from May 1999 to September 2000 and served as the Consultant of McKinsey & Company from October 1993 to April 1999. Mr. Pizarro has held a wide range of executive positions at the EIX companies since joining EIX in 1999. He served as a Senior Engagement Manager in Los Angeles of McKinsey & Co., working with clients in the energy, technology, engineering and banking sectors. He serves as a Director of the Edison Electric Institute. He is a member of the Board of Governors of Argonne National Laboratory. He has been Director of Southern California Edison Company since 2014. He has been a Director of Edison International since 2014 and Electric Power Research Institute, Inc. since April 8, 2016. Mr. Pizarro holds a Bachelor's degree magna cum laude in Chemistry from Harvard University and a PhD in Chemical Physics at California Institute of Technology in Pasadena, Calif., where he serves as a member of the Board of Trustees.

CEO Compensation
  • Pedro's compensation has increased whilst company is loss making.
  • Pedro's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Edison International management team in years:

3
Average Tenure
56.5
Average Age
  • The tenure for the Edison International management team is about average.
Management Team

Pedro Pizarro

TITLE
President
COMPENSATION
$10M
AGE
53
TENURE
2.9 yrs

Maria Rigatti

TITLE
Executive VP & CFO
COMPENSATION
$3M
AGE
55
TENURE
2.9 yrs

Adam Umanoff

TITLE
Executive VP & General Counsel
COMPENSATION
$2M
AGE
59
TENURE
4.6 yrs

Drew Murphy

TITLE
Senior Vice President of Strategy & Corporate Development
COMPENSATION
$2M
AGE
58
TENURE
1.6 yrs

Kevin Payne

TITLE
Chief Executive Officer of Southern California Edison
COMPENSATION
$3M
AGE
58
TENURE
3.2 yrs

Aaron Moss

TITLE
VP & Corporate Controller
AGE
48

Sam Ramraj

TITLE
Vice President of Investor Relations
TENURE
2.2 yrs

Michael Montoya

TITLE
VP and Chief Ethics & Compliance Officer

Janet Clayton

TITLE
Senior Vice President of Corporate Communications
AGE
64
TENURE
8.3 yrs

Jacqueline Trapp

TITLE
Senior VP & Chief Human Resources Officer
AGE
51
TENURE
3.2 yrs
Board of Directors Tenure

Average tenure and age of the Edison International board of directors in years:

3.1
Average Tenure
60
Average Age
  • The tenure for the Edison International board of directors is about average.
Board of Directors

Bill Sullivan

TITLE
Independent Non-Executive Chair of the Board
COMPENSATION
$399K
AGE
69
TENURE
2.9 yrs

Pedro Pizarro

TITLE
President
COMPENSATION
$10M
AGE
53
TENURE
5.6 yrs

Vanessa C. Chang

TITLE
Independent Director
COMPENSATION
$312K
AGE
66
TENURE
12.3 yrs

Peter Taylor

TITLE
Independent Director
COMPENSATION
$283K
AGE
60
TENURE
7.7 yrs

Linda Stuntz

TITLE
Independent Director
COMPENSATION
$289K
AGE
65
TENURE
5.3 yrs

Jim Morris

TITLE
Independent Director
COMPENSATION
$264K
AGE
59
TENURE
3.3 yrs

Michael Camuñez

TITLE
Independent Director
COMPENSATION
$265K
AGE
50
TENURE
2.2 yrs

Tim O’Toole

TITLE
Independent Director
COMPENSATION
$266K
AGE
63
TENURE
2 yrs

Brian Trent

TITLE
Independent Director
COMPENSATION
$71K
AGE
60
TENURE
0.8 yrs

Jeanne Beliveau-Dunn

TITLE
Independent Director
AGE
59
TENURE
0.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Edison International's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Edison International has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

EIX News

Simply Wall St News

EIX Company Info

Description

Edison International, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in the United States. It generates electricity through hydroelectric, diesel/liquid petroleum gas, natural gas, nuclear, and photovoltaic sources. The company supplies electricity primarily to residential, commercial, industrial, agricultural, and other customers, as well as public authorities through transmission and distribution networks. Its transmission facilities consist of lines ranging from 33 kV to 500 kV and substations; and distribution system comprises approximately 53,000 line miles of overhead lines, 38,000 line miles of underground lines, and 800 substations located in California. The company serves approximately 5 million customers. Edison International was founded in 1886 and is based in Rosemead, California.

Details
Name: Edison International
EIX
Exchange: DB
Founded: 1886
$23,396,497,647
358,089,561
Website: http://www.edison.com
Address: Edison International
2244 Walnut Grove Avenue,
PO Box 976,
Rosemead,
California, 91770,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE EIX Common Stock New York Stock Exchange US USD 02. Jan 1968
DB EIX Common Stock Deutsche Boerse AG DE EUR 02. Jan 1968
LSE 0IFJ Common Stock London Stock Exchange GB USD 02. Jan 1968
BMV EIX1 * Common Stock Bolsa Mexicana de Valores MX MXN 02. Jan 1968
Number of employees
Current staff
Staff numbers
12,574
Edison International employees.
Industry
Electric Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/08/17 20:47
End of day share price update: 2019/08/16 00:00
Last estimates confirmation: 2019/08/16
Last earnings filing: 2019/07/25
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.