NasdaqGS:EXC

Stock Analysis Report

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Market Cap

US$45.7b

Last Updated

2021/07/31 05:36 UTC

Data Sources

Company Financials +

Executive Summary

Exelon Corporation, a utility services holding company, engages in the energy generation, delivery, and marketing businesses in the United States and Canada. More Details


Snowflake Analysis

Fair value unattractive dividend payer.


Similar Companies

Share Price & News

How has Exelon's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: EXC is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: EXC's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

0.6%

EXC

0.3%

US Electric Utilities

-0.5%

US Market


1 Year Return

21.2%

EXC

10.0%

US Electric Utilities

35.9%

US Market

Return vs Industry: EXC exceeded the US Electric Utilities industry which returned 10% over the past year.

Return vs Market: EXC underperformed the US Market which returned 35.9% over the past year.


Shareholder returns

EXCIndustryMarket
7 Day0.6%0.3%-0.5%
30 Day4.0%4.1%0.3%
90 Day4.1%-0.6%3.1%
1 Year25.8%21.2%13.7%10.0%38.0%35.9%
3 Year22.0%10.1%24.0%13.5%62.9%52.7%
5 Year54.3%29.5%30.5%12.3%121.7%97.3%

Long-Term Price Volatility Vs. Market

How volatile is Exelon's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Exelon undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: EXC ($46.8) is trading below our estimate of fair value ($98.71)

Significantly Below Fair Value: EXC is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: EXC is poor value based on its PE Ratio (41.9x) compared to the US Electric Utilities industry average (21.8x).

PE vs Market: EXC is poor value based on its PE Ratio (41.9x) compared to the US market (18x).


Price to Earnings Growth Ratio

PEG Ratio: EXC is poor value based on its PEG Ratio (3.3x)


Price to Book Ratio

PB vs Industry: EXC is good value based on its PB Ratio (1.4x) compared to the US Electric Utilities industry average (2x).


Future Growth

How is Exelon forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

12.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EXC's forecast earnings growth (12.7% per year) is above the savings rate (2%).

Earnings vs Market: EXC's earnings (12.7% per year) are forecast to grow slower than the US market (14.9% per year).

High Growth Earnings: EXC's earnings are forecast to grow, but not significantly.

Revenue vs Market: EXC's revenue is expected to decline over the next 3 years (-0.1% per year).

High Growth Revenue: EXC's revenue is forecast to decline over the next 3 years (-0.1% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: EXC's Return on Equity is forecast to be low in 3 years time (8.2%).


Past Performance

How has Exelon performed over the past 5 years?

4.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EXC has a large one-off loss of $1.1B impacting its March 31 2021 financial results.

Growing Profit Margin: EXC's current net profit margins (3.2%) are lower than last year (7.7%).


Past Earnings Growth Analysis

Earnings Trend: EXC's earnings have grown by 4.6% per year over the past 5 years.

Accelerating Growth: EXC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: EXC had negative earnings growth (-58.2%) over the past year, making it difficult to compare to the Electric Utilities industry average (7.8%).


Return on Equity

High ROE: EXC's Return on Equity (3.8%) is considered low.


Financial Health

How is Exelon's financial position?


Financial Position Analysis

Short Term Liabilities: EXC's short term assets ($13.0B) do not cover its short term liabilities ($13.6B).

Long Term Liabilities: EXC's short term assets ($13.0B) do not cover its long term liabilities ($82.1B).


Debt to Equity History and Analysis

Debt Level: EXC's debt to equity ratio (118.7%) is considered high.

Reducing Debt: EXC's debt to equity ratio has reduced from 131.1% to 118.7% over the past 5 years.

Debt Coverage: EXC's debt is not well covered by operating cash flow (4.6%).

Interest Coverage: EXC's interest payments on its debt are not well covered by EBIT (2.2x coverage).


Balance Sheet


Dividend

What is Exelon current dividend yield, its reliability and sustainability?

3.27%

Current Dividend Yield


Upcoming Dividend Payment

TodayJul 31 2021Ex Dividend DateAug 12 2021Dividend Pay DateSep 10 202129 days from Ex DividendBuy in the next 11 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: EXC's dividend (3.27%) is higher than the bottom 25% of dividend payers in the US market (1.31%).

High Dividend: EXC's dividend (3.27%) is low compared to the top 25% of dividend payers in the US market (3.54%).


Stability and Growth of Payments

Stable Dividend: EXC's dividend payments have been volatile in the past 10 years.

Growing Dividend: EXC's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (137%), EXC's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: EXC's dividends in 3 years are forecast to be covered by earnings (51.1% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.3yrs

Average management tenure


CEO

Chris Crane (62 yo)

9.33yrs

Tenure

US$15,162,803

Compensation

Mr. Christopher Mark Crane, also known as Chris, has been the Chief Executive Officer and President of Exelon Corporation since March 12, 2012 and September 23, 2008 respectively. Mr. Crane has been in the...


CEO Compensation Analysis

Compensation vs Market: Chris's total compensation ($USD15.16M) is above average for companies of similar size in the US market ($USD11.17M).

Compensation vs Earnings: Chris's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: EXC's management team is considered experienced (4.3 years average tenure).


Board Members

Experienced Board: EXC's board of directors are considered experienced (8.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Exelon Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Exelon Corporation
  • Ticker: EXC
  • Exchange: NasdaqGS
  • Founded: 1999
  • Industry: Electric Utilities
  • Sector: Utilities
  • Market Cap: US$45.732b
  • Shares outstanding: 977.18m
  • Website: https://www.exeloncorp.com

Number of Employees


Location

  • Exelon Corporation
  • 10 South Dearborn Street
  • 51st Floor
  • Chicago
  • Illinois
  • 60680-5379
  • United States

Listings


Biography

Exelon Corporation, a utility services holding company, engages in the energy generation, delivery, and marketing businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, b...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/07/31 05:36
End of Day Share Price2021/07/30 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.