Consolidated Edison
Market Cap
US$26.3b
Last Updated
2021/05/06 03:44 UTC
Data Sources
Company Financials +
Executive Summary
Consolidated Edison, Inc., through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States. More Details
Rewards
Risk Analysis
Snowflake Analysis
Established dividend payer and slightly overvalued.
Similar Companies
Share Price & News
How has Consolidated Edison's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ED is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: ED's weekly volatility (2%) has been stable over the past year.
Market Performance
7 Day Return
0.9%
ED
0.6%
US Integrated Utilities
-1.6%
US Market
1 Year Return
3.4%
ED
16.5%
US Integrated Utilities
52.8%
US Market
Return vs Industry: ED underperformed the US Integrated Utilities industry which returned 16.2% over the past year.
Return vs Market: ED underperformed the US Market which returned 52.8% over the past year.
Shareholder returns
| ED | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.9% | 0.6% | -1.6% |
| 30 Day | 2.1% | 2.3% | 1.3% |
| 90 Day | 8.9% | 9.4% | 3.5% |
| 1 Year | 7.7%3.4% | 20.7%16.5% | 55.4%52.8% |
| 3 Year | 14.0%1.9% | 41.0%26.7% | 63.5%53.2% |
| 5 Year | 24.0%3.3% | 56.5%31.0% | 125.8%100.7% |
Long-Term Price Volatility Vs. Market
How volatile is Consolidated Edison's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Should You Be Concerned About Consolidated Edison, Inc.'s (NYSE:ED) ROE?3 weeks ago | Simply Wall St
Do Investors Have Good Reason To Be Wary Of Consolidated Edison, Inc.'s (NYSE:ED) 4.1% Dividend Yield?1 month ago | Simply Wall St
Have Insiders Been Buying Consolidated Edison, Inc. (NYSE:ED) Shares?Valuation
Is Consolidated Edison undervalued compared to its fair value and its price relative to the market?
10.3%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ED ($76.89) is trading below our estimate of fair value ($85.72)
Significantly Below Fair Value: ED is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: ED is poor value based on its PE Ratio (23.4x) compared to the US Integrated Utilities industry average (21.4x).
PE vs Market: ED is poor value based on its PE Ratio (23.4x) compared to the US market (20.4x).
Price to Earnings Growth Ratio
PEG Ratio: ED is poor value based on its PEG Ratio (2.7x)
Price to Book Ratio
PB vs Industry: ED is good value based on its PB Ratio (1.4x) compared to the US Integrated Utilities industry average (2.1x).
Future Growth
How is Consolidated Edison forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
8.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ED's forecast earnings growth (8.6% per year) is above the savings rate (2%).
Earnings vs Market: ED's earnings (8.6% per year) are forecast to grow slower than the US market (15.7% per year).
High Growth Earnings: ED's earnings are forecast to grow, but not significantly.
Revenue vs Market: ED's revenue (4.5% per year) is forecast to grow slower than the US market (9.2% per year).
High Growth Revenue: ED's revenue (4.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ED's Return on Equity is forecast to be low in 3 years time (7.9%).
Past Performance
How has Consolidated Edison performed over the past 5 years?
1.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ED has high quality earnings.
Growing Profit Margin: ED's current net profit margins (9%) are lower than last year (10.7%).
Past Earnings Growth Analysis
Earnings Trend: ED's earnings have grown by 1.7% per year over the past 5 years.
Accelerating Growth: ED's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ED had negative earnings growth (-18%) over the past year, making it difficult to compare to the Integrated Utilities industry average (15.8%).
Return on Equity
High ROE: ED's Return on Equity (6%) is considered low.
Financial Health
How is Consolidated Edison's financial position?
Financial Position Analysis
Short Term Liabilities: ED's short term assets ($5.3B) do not cover its short term liabilities ($7.4B).
Long Term Liabilities: ED's short term assets ($5.3B) do not cover its long term liabilities ($36.5B).
Debt to Equity History and Analysis
Debt Level: ED's debt to equity ratio (127.6%) is considered high.
Reducing Debt: ED's debt to equity ratio has increased from 107.5% to 127.6% over the past 5 years.
Debt Coverage: ED's debt is not well covered by operating cash flow (9%).
Interest Coverage: ED's interest payments on its debt are not well covered by EBIT (2.4x coverage).
Balance Sheet
Dividend
What is Consolidated Edison current dividend yield, its reliability and sustainability?
4.03%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: ED's dividend (4.03%) is higher than the bottom 25% of dividend payers in the US market (1.24%).
High Dividend: ED's dividend (4.03%) is in the top 25% of dividend payers in the US market (3.43%)
Stability and Growth of Payments
Stable Dividend: ED's dividends per share have been stable in the past 10 years.
Growing Dividend: ED's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (93.1%), ED's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ED's dividends in 3 years are forecast to be covered by earnings (69.7% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.4yrs
Average management tenure
CEO
Tim Cawley (55 yo)
0.42
Tenure
US$7,463,464
Compensation
Mr. Timothy P. Cawley, also known as Tim, serves as President, Chief Executive Officer and Director at Consolidated Edison, Inc. since December 29, 2020. Mr. Cawley has been Chief Executive Officer of Cons...
CEO Compensation Analysis
Compensation vs Market: Tim's total compensation ($USD7.46M) is below average for companies of similar size in the US market ($USD11.15M).
Compensation vs Earnings: Tim's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: ED's management team is considered experienced (3.4 years average tenure).
Board Members
Experienced Board: ED's board of directors are considered experienced (7 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ED insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.6%.
Top Shareholders
Company Information
Consolidated Edison, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Consolidated Edison, Inc.
- Ticker: ED
- Exchange: NYSE
- Founded: 1823
- Industry: Multi-Utilities
- Sector: Utilities
- Market Cap: US$26.349b
- Shares outstanding: 342.69m
- Website: https://www.conedison.com
Number of Employees
Location
- Consolidated Edison, Inc.
- 4 Irving Place
- New York
- New York
- 10003
- United States
Listings
Biography
Consolidated Edison, Inc., through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States. The company offers electric services to approximately 3.5 mi...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/05/06 03:44 |
| End of Day Share Price | 2021/05/05 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.