ED

Consolidated EdisonNYSE:ED Stock Report

Market Cap

US$26.1b

7D

-3.1%

1Y

-2.6%

Updated

16 Sep, 2021

Data

Company Financials +
ED fundamental analysis
Snowflake Score
Valuation2/6
Future Growth1/6
Past Performance0/6
Financial Health0/6
Dividends5/6

ED Overview

Consolidated Edison, Inc., through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States.

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

-3.1%

ED

-2.3%

US Integrated Utilities

-0.6%

US Market


1 Year Return

-2.6%

ED

6.2%

US Integrated Utilities

33.7%

US Market

Return vs Industry: ED underperformed the US Integrated Utilities industry which returned 6.4% over the past year.

Return vs Market: ED underperformed the US Market which returned 30.7% over the past year.


Shareholder returns

EDIndustryMarket
7 Day-3.1%-2.3%-0.6%
30 Day-4.2%-3.1%1.4%
90 Day-0.7%0.9%5.4%
1 Year1.4%-2.6%11.1%6.2%35.7%33.7%
3 Year5.6%-5.7%28.9%15.0%61.2%51.2%
5 Year12.9%-6.2%45.6%20.8%123.8%99.4%

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

Consolidated Edison Fundamentals Summary

How do Consolidated Edison's earnings and revenue compare to its market cap?
ED fundamental statistics
Market CapUS$26.15b
Earnings (TTM)US$1.12b
Revenue (TTM)US$12.94b

23.3x

P/E Ratio

2.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ED income statement (TTM)
RevenueUS$12.94b
Cost of RevenueUS$5.60b
Gross ProfitUS$7.34b
ExpensesUS$6.22b
EarningsUS$1.12b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)3.30
Gross Margin56.73%
Net Profit Margin8.65%
Debt/Equity Ratio120.4%

How did ED perform over the long term?

See historical performance and comparison

Dividends

4.2%

Current Dividend Yield

94%

Payout Ratio

Valuation

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

7.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ED ($73.99) is trading below our estimate of fair value ($80.18)

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 (23.3x) compared to the US Integrated Utilities industry average (20.3x).

PE vs Market: ED is poor value based on its PE Ratio (23.3x) compared to the US market (17.1x).


Price to Earnings Growth Ratio

PEG Ratio: ED is poor value based on its PEG Ratio (2.9x)


Price to Book Ratio

PB vs Industry: ED is good value based on its PB Ratio (1.3x) compared to the US Integrated Utilities industry average (2x).


Future Growth

How is Consolidated Edison forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

8.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ED's forecast earnings growth (8% per year) is above the savings rate (2%).

Earnings vs Market: ED's earnings (8% per year) are forecast to grow slower than the US market (14.8% per year).

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

Revenue vs Market: ED's revenue (4% per year) is forecast to grow slower than the US market (9.5% per year).

High Growth Revenue: ED's revenue (4% 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?

-1.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ED has a large one-off loss of $624.0M impacting its June 30 2021 financial results.

Growing Profit Margin: ED's current net profit margins (8.7%) are lower than last year (10.9%).


Past Earnings Growth Analysis

Earnings Trend: ED's earnings have declined by 1.2% 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 (-15.9%) over the past year, making it difficult to compare to the Integrated Utilities industry average (10.9%).


Return on Equity

High ROE: ED's Return on Equity (5.4%) is considered low.


Financial Health

How is Consolidated Edison's financial position?


Financial Position Analysis

Short Term Liabilities: ED's short term assets ($5.1B) do not cover its short term liabilities ($5.6B).

Long Term Liabilities: ED's short term assets ($5.1B) do not cover its long term liabilities ($37.3B).


Debt to Equity History and Analysis

Debt Level: ED's debt to equity ratio (120.4%) is considered high.

Reducing Debt: ED's debt to equity ratio has increased from 106.5% to 120.4% over the past 5 years.

Debt Coverage: ED's debt is not well covered by operating cash flow (10%).

Interest Coverage: ED's interest payments on its debt are not well covered by EBIT (2.6x coverage).


Balance Sheet


Dividend

What is Consolidated Edison current dividend yield, its reliability and sustainability?

4.19%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ED's dividend (4.19%) is higher than the bottom 25% of dividend payers in the US market (1.36%).

High Dividend: ED's dividend (4.19%) is in the top 25% of dividend payers in the US market (3.6%)


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 (93.8%), 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 (68.3% payout ratio).


Next Steps

Management

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

3.8yrs

Average management tenure


CEO

Tim Cawley (56 yo)

0.75

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 ($USD7.46M) is below average for companies of similar size in the US market ($USD11.26M).

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 (3.8 years average tenure).


Board Members

Experienced Board: ED's board of directors are considered experienced (6.7 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 5.6%.


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$26.147b
  • Shares outstanding: 353.38m
  • 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/16 05:01
End of Day Share Price2021/09/15 00:00
Earnings2021/06/30
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.