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ED

Consolidated Edison NYSE:ED Stock Report

Last Price

US$92.93

Market Cap

US$32.9b

7D

7.0%

1Y

25.8%

Updated

26 Jun, 2022

Data

Company Financials +
ED fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance4/6
Financial Health1/6
Dividends4/6

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

Summary of all time highs, changes and price drops for Consolidated Edison
Historical stock prices
Current Share PriceUS$92.93
52 Week HighUS$101.12
52 Week LowUS$71.17
Beta0.22
1 Month Change-7.61%
3 Month Change-0.13%
1 Year Change25.80%
3 Year Change5.99%
5 Year Change14.98%
Change since IPO217.71%

Recent News & Updates

May 22
Consolidated Edison (NYSE:ED) Hasn't Managed To Accelerate Its Returns

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...

May 04
A Look At The Intrinsic Value Of Consolidated Edison, Inc. (NYSE:ED)

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...

Apr 19

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

EDUS Integrated UtilitiesUS Market
7D7.0%6.1%6.6%
1Y25.8%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

Is ED's price volatile compared to industry and market?
ED volatility
ED Average Weekly Movement3.0%
Integrated Utilities Industry Average Movement3.3%
Market Average Movement8.1%
10% most volatile stocks in US Market16.6%
10% least volatile stocks in US Market3.2%

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

FoundedEmployeesCEOWebsite
182313,871Tim Cawleyhttps://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

How do Consolidated Edison's earnings and revenue compare to its market cap?
ED fundamental statistics
Market CapUS$32.92b
Earnings (TTM)US$1.53b
Revenue (TTM)US$14.06b

21.5x

P/E Ratio

2.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ED income statement (TTM)
RevenueUS$14.06b
Cost of RevenueUS$6.37b
Gross ProfitUS$7.69b
Other ExpensesUS$6.16b
EarningsUS$1.53b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)4.32
Gross Margin54.68%
Net Profit Margin10.88%
Debt/Equity Ratio118.1%

How did ED perform over the long term?

See historical performance and comparison

Dividends

3.4%

Current Dividend Yield

72%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is ED undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation 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.

ED key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue4.1x
Enterprise Value/EBITDA12.1x
PEG Ratio2.7x

Price to Earnings Ratio vs Peers

How does ED's PE Ratio compare to its peers?

ED PE Ratio vs Peers
The above table shows the PE ratio for ED vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average29.9x

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.

ED PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio21.5x
Fair PE Ratio23.5x

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

1/6

Future 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

4/6

Past 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.


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Financial Health

How is Consolidated Edison's financial position?

Financial Health Score

1/6

Financial 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

5/6

Dividend 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/26 00:00
End of Day Share Price2022/06/24 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.