NYSE:ED

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Executive Summary

Consolidated Edison Company of New York, Inc. More Details


Snowflake Analysis

Established dividend payer and fair value.


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 +/- 3% a week.

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


Market Performance


7 Day Return

-1.4%

ED

-1.8%

US Integrated Utilities

-1.3%

US Market


1 Year Return

-20.7%

ED

-12.4%

US Integrated Utilities

41.9%

US Market

Return vs Industry: ED underperformed the US Integrated Utilities industry which returned -9.4% over the past year.

Return vs Market: ED underperformed the US Market which returned 36.5% over the past year.


Shareholder returns

EDIndustryMarket
7 Day-1.4%-1.8%-1.3%
30 Day-5.3%-3.1%7.5%
90 Day-12.8%-8.5%15.9%
1 Year-17.4%-20.7%-9.4%-12.4%44.8%41.9%
3 Year-1.5%-11.9%19.4%7.3%49.1%41.0%
5 Year12.2%-6.5%43.2%20.1%113.1%92.8%

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

Valuation

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

13.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ED ($67.04) is trading below our estimate of fair value ($77.01)

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 (20.4x) compared to the US Integrated Utilities industry average (19.7x).

PE vs Market: ED is good value based on its PE Ratio (20.4x) compared to the US market (21.2x).


Price to Earnings Growth Ratio

PEG Ratio: ED is poor value based on its PEG Ratio (1.7x)


Price to Book Ratio

PB vs Industry: ED is good value based on its PB Ratio (1.2x) compared to the US Integrated Utilities industry average (1.8x).


Next Steps

Future Growth

How is Consolidated Edison forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

11.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ED's forecast earnings growth (11.8% per year) is above the savings rate (2%).

Earnings vs Market: ED's earnings (11.8% per year) are forecast to grow slower than the US market (20% per year).

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

Revenue vs Market: ED's revenue (4.4% per year) is forecast to grow slower than the US market (10.4% per year).

High Growth Revenue: ED's revenue (4.4% 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%).


Next Steps

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 (8.4%).


Return on Equity

High ROE: ED's Return on Equity (6%) is considered low.


Next Steps

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


Next Steps

Dividend

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

4.62%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ED's dividend (4.62%) is higher than the bottom 25% of dividend payers in the US market (1.33%).

High Dividend: ED's dividend (4.62%) is in the top 25% of dividend payers in the US market (3.76%)


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 (69.2% payout ratio).


Next Steps

Management

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

3.2yrs

Average management tenure


CEO

Tim Cawley (55 yo)

0.17

Tenure

US$7,007,581

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 ($USD7.01M) is below average for companies of similar size in the US market ($USD10.54M).

Compensation vs Earnings: Tim's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Timothy Cawley
President0.17yrUS$7.01m0.0048%
$ 1.1m
Robert Hoglund
Senior VP & CFO15.42yrsUS$3.52m0.012%
$ 2.8m
Robert Sanchez
President & Chief Executive Officer of Orange and Rockland Utilities3.17yrsUS$3.61m0.0021%
$ 470.6k
Joseph Miller
VP, Controller & Principal Accounting Officer0.083yrno data0.00029%
$ 66.6k
Jan Childress
Director of Investor Relations22.5yrsno datano data
Deneen Donnley
Senior VP & General Counsel1.08yrsno data0.00019%
$ 43.6k
James Dixon
COO & SVP of Clean Energy Corps4yrsno datano data
Yukari Saegusa
VP & Treasurer4.42yrsno data0.00074%
$ 169.9k
Mark Noyes
CEO and President of Clean Energy Corps4.17yrsno data0.0023%
$ 537.2k
Sylvia Dooley
VP & Corporate Secretary3.08yrsno datano data
Stuart Nachmias
President & CEO of Con Edison Transmission1.08yrsno data0.00031%
$ 71.2k
Charles Soutar
Executive Vice President of Subs.no dataUS$635.27kno data

3.2yrs

Average Tenure

55yo

Average Age

Experienced Management: ED's management team is considered experienced (3.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Timothy Cawley
President0.17yrUS$7.01m0.0048%
$ 1.1m
Lewis Sutherland
Independent Director14.83yrsUS$295.00k0.0012%
$ 268.6k
Ellen Futter
Director23.17yrsUS$277.50k0.00069%
$ 158.4k
George Campbell
Independent Director21yrsUS$285.00k0.0012%
$ 270.9k
Linda Sanford
Independent Director6.08yrsUS$280.00k0.00070%
$ 160.7k
John Killian
Independent Director13.42yrsUS$295.00kno data
Armando Olivera
Independent Director7yrsUS$292.50k0.00015%
$ 34.4k
Deirdre Stanley
Independent Director3.25yrsUS$265.00kno data
Karol Mason
Director0.083yrno datano data
Michael Ranger
Independent Lead Directorno dataUS$330.00kno data
William Mulrow
Independent Director3.25yrsUS$270.00kno data
John McAvoy
Chairman6.75yrsUS$15.35m0.041%
$ 9.4m

6.8yrs

Average Tenure

65yo

Average Age

Experienced Board: ED's board of directors are considered experienced (6.8 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: 1884
  • Industry: Multi-Utilities
  • Sector: Utilities
  • Market Cap: US$22.956b
  • Shares outstanding: 342.42m
  • Website: https://www.conedison.com

Number of Employees


Location

  • Consolidated Edison, Inc.
  • 4 Irving Place
  • New York
  • New York
  • 10003
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
EDNYSE (New York Stock Exchange)YesCommon SharesUSUSDJan 1968
EDCDB (Deutsche Boerse AG)YesCommon SharesDEEURJan 1968
0I35LSE (London Stock Exchange)YesCommon SharesGBUSDJan 1968
EDCETLX (Eurotlx)YesCommon SharesITEURJan 1968

Biography

Consolidated Edison Company of New York, Inc. engages in the regulated electric, gas, and steam delivery businesses in the United States. The company offers electric service to approximately 3.5 million cu...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/02 00:04
End of Day Share Price2021/03/01 00:00
Earnings2020/12/31
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.