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ES

Eversource EnergyNYSE:ES Stock Report

Market Cap

US$28.4b

7D

-0.8%

1Y

0.2%

Updated

25 Sep, 2021

Data

Company Financials +
ES fundamental analysis
Snowflake Score
Valuation0/6
Future Growth1/6
Past Performance4/6
Financial Health1/6
Dividends5/6

ES Overview

Eversource Energy, a public utility holding company, engages in the energy delivery business.

Eversource Energy Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Eversource Energy
Historical stock prices
Current Share PriceUS$82.67
52 Week HighUS$76.64
52 Week LowUS$96.66
Beta0.32
1 Month Change-8.44%
3 Month Change2.96%
1 Year Change0.23%
3 Year Change34.55%
5 Year Change52.58%
Change since IPO265.39%

Recent News & Updates

Sep 21
Calculating The Fair Value Of Eversource Energy (NYSE:ES)

Calculating The Fair Value Of Eversource Energy (NYSE:ES)

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Eversource Energy...

Sep 07

Eversource Energy: A Progressive Utility With Growing Earnings

Eversource Energy has very ambitious carbon-neutral goals. Its earnings are growing. ES has a long-term EPS growth rate target from existing core regulated business in upper half of 5-7 percent, using the $3.64 per share earned in 2020 as base.

Jul 06
Eversource Energy's (NYSE:ES) Returns Have Hit A Wall

Eversource Energy's (NYSE:ES) Returns Have Hit A Wall

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Amongst other...

Shareholder Returns

ESUS Electric UtilitiesUS Market
7D-0.8%-1.3%0.1%
1Y0.2%13.3%35.3%

Return vs Industry: ES underperformed the US Electric Utilities industry which returned 13.3% over the past year.

Return vs Market: ES underperformed the US Market which returned 35.3% over the past year.

Price Volatility

Is ES's price volatile compared to industry and market?
ES volatility
ES Beta0.32
Industry Beta0.43
Market Beta1

Stable Share Price: ES is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

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

About the Company

FoundedEmployeesCEOWebsite
n/a9,299Joe Nolanhttps://www.eversource.com

Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates through Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution segments. It is involved in the transmission and distribution of electricity; solar power facilities; and distribution of natural gas.

Eversource Energy Fundamentals Summary

How do Eversource Energy's earnings and revenue compare to its market cap?
ES fundamental statistics
Market CapUS$28.41b
Earnings (TTM)US$1.25b
Revenue (TTM)US$9.53b

22.7x

P/E Ratio

3.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ES income statement (TTM)
RevenueUS$9.53b
Cost of RevenueUS$4.80b
Gross ProfitUS$4.72b
ExpensesUS$3.48b
EarningsUS$1.25b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)3.63
Gross Margin49.60%
Net Profit Margin13.11%
Debt/Equity Ratio132.5%

How did ES perform over the long term?

See historical performance and comparison

Dividends

2.9%

Current Dividend Yield

64%

Payout Ratio

Valuation

Is Eversource Energy undervalued compared to its fair value and its price relative to the market?

22.75x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ES ($82.67) is trading above our estimate of fair value ($70.96)

Significantly Below Fair Value: ES is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ES is poor value based on its PE Ratio (22.7x) compared to the US Electric Utilities industry average (21.5x).

PE vs Market: ES is poor value based on its PE Ratio (22.7x) compared to the US market (17.9x).


Price to Earnings Growth Ratio

PEG Ratio: ES is poor value based on its PEG Ratio (2.4x)


Price to Book Ratio

PB vs Industry: ES's PB Ratio (2x) is in line with the US Electric Utilities industry average.


Future Growth

How is Eversource Energy forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

9.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ES's forecast earnings growth (9.3% per year) is above the savings rate (2%).

Earnings vs Market: ES's earnings (9.3% per year) are forecast to grow slower than the US market (14.8% per year).

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

Revenue vs Market: ES's revenue (5.3% per year) is forecast to grow slower than the US market (9.8% per year).

High Growth Revenue: ES's revenue (5.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ES's Return on Equity is forecast to be low in 3 years time (9.6%).


Past Performance

How has Eversource Energy performed over the past 5 years?

5.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ES has high quality earnings.

Growing Profit Margin: ES's current net profit margins (13.1%) are lower than last year (13.5%).


Past Earnings Growth Analysis

Earnings Trend: ES's earnings have grown by 5.4% per year over the past 5 years.

Accelerating Growth: ES's earnings growth over the past year (8%) exceeds its 5-year average (5.4% per year).

Earnings vs Industry: ES earnings growth over the past year (8%) exceeded the Electric Utilities industry 1.6%.


Return on Equity

High ROE: ES's Return on Equity (8.7%) is considered low.


Financial Health

How is Eversource Energy's financial position?


Financial Position Analysis

Short Term Liabilities: ES's short term assets ($3.3B) do not cover its short term liabilities ($5.1B).

Long Term Liabilities: ES's short term assets ($3.3B) do not cover its long term liabilities ($27.7B).


Debt to Equity History and Analysis

Debt Level: ES's debt to equity ratio (132.5%) is considered high.

Reducing Debt: ES's debt to equity ratio has increased from 97.3% to 132.5% over the past 5 years.

Debt Coverage: ES's debt is not well covered by operating cash flow (7.7%).

Interest Coverage: ES's interest payments on its debt are well covered by EBIT (3.9x coverage).


Balance Sheet


Dividend

What is Eversource Energy current dividend yield, its reliability and sustainability?

2.92%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ES's dividend (2.92%) is higher than the bottom 25% of dividend payers in the US market (1.33%).

High Dividend: ES's dividend (2.92%) is low compared to the top 25% of dividend payers in the US market (3.6%).


Stability and Growth of Payments

Stable Dividend: ES's dividends per share have been stable in the past 10 years.

Growing Dividend: ES's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (64.4%), ES's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ES's dividends in 3 years are forecast to be covered by earnings (62% payout ratio).


Next Steps

Management

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

6.2yrs

Average management tenure


CEO

Joe Nolan (57 yo)

0.33

Tenure

US$5,054,240

Compensation

Mr. Joseph R. Nolan Jr., also known as Joe, serves as chairman of The Connecticut Light and Power Company since May 5, 2021. He serves as President, CEO and Board of Trustees at Eversource Energy since Ma...


CEO Compensation Analysis

Compensation vs Market: Joe's total compensation ($USD5.05M) is below average for companies of similar size in the US market ($USD11.36M).

Compensation vs Earnings: Joe's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: ES's management team is seasoned and experienced (6.2 years average tenure).


Board Members

Experienced Board: ES's board of directors are considered experienced (4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: ES insiders have only sold shares 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

Eversource Energy's employee growth, exchange listings and data sources


Key Information

  • Name: Eversource Energy
  • Ticker: ES
  • Exchange: NYSE
  • Founded: NaN
  • Industry: Electric Utilities
  • Sector: Utilities
  • Market Cap: US$28.409b
  • Shares outstanding: 343.64m
  • Website: https://www.eversource.com

Number of Employees


Location

  • Eversource Energy
  • 300 Cadwell Drive
  • Springfield
  • Massachusetts
  • 1104
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/25 22:08
End of Day Share Price2021/09/24 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.