| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 1/6 |
| Past Performance | 4/6 |
| Financial Health | 1/6 |
| Dividends | 4/6 |
ED Stock Overview
Consolidated Edison, Inc., through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States.
Consolidated Edison Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$92.93 |
| 52 Week High | US$101.12 |
| 52 Week Low | US$71.17 |
| Beta | 0.22 |
| 1 Month Change | -7.61% |
| 3 Month Change | -0.13% |
| 1 Year Change | 25.80% |
| 3 Year Change | 5.99% |
| 5 Year Change | 14.98% |
| Change since IPO | 217.71% |
Recent News & Updates
Consolidated Edison (NYSE:ED) Hasn't Managed To Accelerate Its Returns
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Typically, we'll...
A Look At The Intrinsic Value Of Consolidated Edison, Inc. (NYSE:ED)
Today we will run through one way of estimating the intrinsic value of Consolidated Edison, Inc. ( NYSE:ED ) by taking...
Consolidated Edison: Improving Prospects At A High Price
Consolidated Edison experienced a significant increase in price since the beginning of the year. Capital spending will be significantly increased in the upcoming years. After several years of struggle, we might see the end to failed gas infrastructure projects and increase of the profitability to the regulatory approved levels in future. Due to recent run up in utilities sector prices, Consolidated Edison current prices seems to be above the fair value of the company.
Shareholder Returns
| ED | US Integrated Utilities | US Market | |
|---|---|---|---|
| 7D | 7.0% | 6.1% | 6.6% |
| 1Y | 25.8% | 7.3% | -18.4% |
Return vs Industry: ED exceeded the US Integrated Utilities industry which returned 7.3% over the past year.
Return vs Market: ED exceeded the US Market which returned -18.4% over the past year.
Price Volatility
| ED volatility | |
|---|---|
| ED Average Weekly Movement | 3.0% |
| Integrated Utilities Industry Average Movement | 3.3% |
| Market Average Movement | 8.1% |
| 10% most volatile stocks in US Market | 16.6% |
| 10% least volatile stocks in US Market | 3.2% |
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.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1823 | 13,871 | Tim Cawley | https://www.conedison.com |
Consolidated Edison, Inc., through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States. It offers electric services to approximately 3.5 million customers in New York City and Westchester County; gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,555 customers in parts of Manhattan. The company also supplies electricity to approximately 0.3 million customers in southeastern New York and northern New Jersey; and gas to approximately 0.1 million customers in southeastern New York.
Consolidated Edison Fundamentals Summary
| ED fundamental statistics | |
|---|---|
| Market Cap | US$32.92b |
| Earnings (TTM) | US$1.53b |
| Revenue (TTM) | US$14.06b |
21.5x
P/E Ratio2.3x
P/S RatioIs ED overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| ED income statement (TTM) | |
|---|---|
| Revenue | US$14.06b |
| Cost of Revenue | US$6.37b |
| Gross Profit | US$7.69b |
| Other Expenses | US$6.16b |
| Earnings | US$1.53b |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 4.32 |
| Gross Margin | 54.68% |
| Net Profit Margin | 10.88% |
| Debt/Equity Ratio | 118.1% |
How did ED perform over the long term?
See historical performance and comparisonDividends
3.4%
Current Dividend Yield72%
Payout RatioValuation
Is ED undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
5/6Valuation Score 5/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio
Key Valuation Metric
Which metric is best to use when looking at relative valuation for ED?
Other financial metrics that can be useful for relative valuation.
| What is ED's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | US$32.92b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 4.1x |
| Enterprise Value/EBITDA | 12.1x |
| PEG Ratio | 2.7x |
Price to Earnings Ratio vs Peers
How does ED's PE Ratio compare to its peers?
| ED PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 29.9x |
Price-To-Earnings vs Peers: ED is good value based on its Price-To-Earnings Ratio (21.5x) compared to the peer average (29.9x).
Price to Earnings Ratio vs Industry
How does ED's PE Ratio compare vs other companies in the Global Integrated Utilities Industry?
Price-To-Earnings vs Industry: ED is good value based on its Price-To-Earnings Ratio (21.5x) compared to the US Integrated Utilities industry average (22.5x)
Price to Earnings Ratio vs Fair Ratio
What is ED's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 21.5x |
| Fair PE Ratio | 23.5x |
Price-To-Earnings vs Fair Ratio: ED is good value based on its Price-To-Earnings Ratio (21.5x) compared to the estimated Fair Price-To-Earnings Ratio (23.5x).
Share Price vs Fair Value
What is the Fair Price of ED when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: ED ($92.93) is trading below our estimate of fair value ($305.76)
Significantly Below Fair Value: ED is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: ED is poor value based on its PEG Ratio (2.7x)
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Future Growth
How is Consolidated Edison forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
Future Growth Score
1/6Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
7.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ED's forecast earnings growth (7.9% per year) is above the savings rate (1.9%).
Earnings vs Market: ED's earnings (7.9% per year) are forecast to grow slower than the US market (13.9% 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 (8.4% 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 (8.5%).
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Past Performance
How has Consolidated Edison performed over the past 5 years?
Past Performance Score
4/6Past Performance Score 4/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
-2.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ED has high quality earnings.
Growing Profit Margin: ED's current net profit margins (10.9%) are higher than last year (9%).
Past Earnings Growth Analysis
Earnings Trend: ED's earnings have declined by 2.5% per year over the past 5 years.
Accelerating Growth: ED's earnings growth over the past year (33.5%) exceeds its 5-year average (-2.5% per year).
Earnings vs Industry: ED earnings growth over the past year (33.5%) exceeded the Integrated Utilities industry 6.6%.
Return on Equity
High ROE: ED's Return on Equity (6.4%) is considered low.
Discover strong past performing companies
Financial Health
How is Consolidated Edison's financial position?
Financial Health Score
1/6Financial Health Score 1/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: ED's short term assets ($5.5B) exceed its short term liabilities ($5.4B).
Long Term Liabilities: ED's short term assets ($5.5B) do not cover its long term liabilities ($37.7B).
Debt to Equity History and Analysis
Debt Level: ED's net debt to equity ratio (117.5%) is considered high.
Reducing Debt: ED's debt to equity ratio has increased from 108.3% to 118.1% over the past 5 years.
Debt Coverage: ED's debt is not well covered by operating cash flow (12%).
Interest Coverage: ED's interest payments on its debt are not well covered by EBIT (3x coverage).
Balance Sheet
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Dividend
What is Consolidated Edison current dividend yield, its reliability and sustainability?
Dividend Score
5/6Dividend Score 5/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
3.40%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ED's dividend (3.4%) is higher than the bottom 25% of dividend payers in the US market (1.57%).
High Dividend: ED's dividend (3.4%) is low compared to the top 25% of dividend payers in the US market (4.24%).
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.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (71.6%), ED's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: ED is paying a dividend but the company has no free cash flows.
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Management
How experienced are the management team and are they aligned to shareholders interests?
4.5yrs
Average management tenure
CEO
Tim Cawley (56 yo)
1.5yrs
Tenure
US$10,342,198
Compensation
Mr. Timothy P. Cawley, also known as Tim, serves as President, Chief Executive Officer and Director at Consolidated Edison, Inc. since December 29, 2020 and serves as its Chairman of the Board since Januar...
CEO Compensation Analysis
Compensation vs Market: Tim's total compensation ($USD10.34M) is about average for companies of similar size in the US market ($USD13.44M).
Compensation vs Earnings: Tim's compensation has increased by more than 20% in the past year.
Leadership Team
Experienced Management: ED's management team is considered experienced (4.5 years average tenure).
Board Members
Experienced Board: ED's board of directors are considered experienced (7.9 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 not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Consolidated Edison, Inc.'s employee growth, exchange listings and data sources
Key Information
- Name: Consolidated Edison, Inc.
- Ticker: ED
- Exchange: NYSE
- Founded: 1823
- Industry: Multi-Utilities
- Sector: Utilities
- Implied Market Cap: US$32.925b
- Shares outstanding: 354.29m
- Website: https://www.conedison.com
Number of Employees
Location
- Consolidated Edison, Inc.
- 4 Irving Place
- New York
- New York
- 10003
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/06/26 00:00 |
| End of Day Share Price | 2022/06/24 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/12/31 |
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.