PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to customers in northern and central California, the United States.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$9.94|
|52 Week High||US$8.24|
|52 Week Low||US$12.91|
|1 Month Change||8.99%|
|3 Month Change||-2.26%|
|1 Year Change||-0.60%|
|3 Year Change||-78.40%|
|5 Year Change||-83.75%|
|Change since IPO||-52.95%|
Recent News & Updates
|PCG||US Electric Utilities||US Market|
Return vs Industry: PCG underperformed the US Electric Utilities industry which returned 13.3% over the past year.
Return vs Market: PCG underperformed the US Market which returned 35.3% over the past year.
Stable Share Price: PCG is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: PCG's weekly volatility (5%) has been stable over the past year.
About the Company
PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to customers in northern and central California, the United States. It generates electricity using nuclear, hydroelectric, fossil fuel-fired, fuel cell, and photovoltaic sources. As of December 31, 2020, the company owns and operates approximately 18,000 circuit miles of interconnected transmission lines, 35 electric transmission substations, approximately 108,000 circuit miles of distribution lines, 68 transmission switching substations, and 758 distribution substations; and natural gas transmission, storage, and distribution system consisting of approximately 43,500 miles of distribution pipelines, approximately 6,300 miles of backbone and local transmission pipelines, and various storage facilities.
PG&E Fundamentals Summary
|PCG fundamental statistics|
Is PCG overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|PCG income statement (TTM)|
|Cost of Revenue||US$13.60b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Nov 01, 2021
|Earnings per share (EPS)||0.40|
|Net Profit Margin||4.09%|
How did PCG perform over the long term?See historical performance and comparison
Is PG&E undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: PCG ($9.94) is trading above our estimate of fair value ($4.37)
Significantly Below Fair Value: PCG is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: PCG is poor value based on its PE Ratio (24.7x) compared to the US Electric Utilities industry average (21.5x).
PE vs Market: PCG is poor value based on its PE Ratio (24.7x) compared to the US market (17.9x).
Price to Earnings Growth Ratio
PEG Ratio: PCG is good value based on its PEG Ratio (0.7x)
Price to Book Ratio
PB vs Industry: PCG is good value based on its PB Ratio (0.9x) compared to the US Electric Utilities industry average (1.9x).
How is PG&E forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PCG's forecast earnings growth (36.5% per year) is above the savings rate (2%).
Earnings vs Market: PCG's earnings (36.5% per year) are forecast to grow faster than the US market (14.8% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: PCG's revenue (3.1% per year) is forecast to grow slower than the US market (9.8% per year).
High Growth Revenue: PCG's revenue (3.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PCG's Return on Equity is forecast to be low in 3 years time (9.9%).
How has PG&E performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PCG has a high level of non-cash earnings.
Growing Profit Margin: PCG became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: PCG has become profitable over the past 5 years, growing earnings by -41.5% per year.
Accelerating Growth: PCG has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: PCG has become profitable in the last year, making it difficult to compare its past year earnings growth to the Electric Utilities industry (1.6%).
Return on Equity
High ROE: PCG's Return on Equity (3.7%) is considered low.
How is PG&E's financial position?
Financial Position Analysis
Short Term Liabilities: PCG's short term assets ($10.3B) do not cover its short term liabilities ($15.5B).
Long Term Liabilities: PCG's short term assets ($10.3B) do not cover its long term liabilities ($63.2B).
Debt to Equity History and Analysis
Debt Level: PCG's debt to equity ratio (195.4%) is considered high.
Reducing Debt: PCG's debt to equity ratio has increased from 106.8% to 195.4% over the past 5 years.
Debt Coverage: PCG's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: PCG's interest payments on its debt are not well covered by EBIT (1.6x coverage).
What is PG&E current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate PCG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate PCG's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if PCG's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if PCG's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: PCG is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of PCG's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Patti Poppe (52 yo)
Ms. Patricia Kessler Poppe, also known as Patti, has been Chief Executive Officer and Director of PG&E Corporation since January 4, 2021. Ms. Poppe was the Chief Executive Officer of CMS Energy Corporation...
Experienced Management: PCG's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Experienced Board: PCG's board of directors are not considered experienced ( 1.2 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: PCG insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.3%.
PG&E Corporation's employee growth, exchange listings and data sources
- Name: PG&E Corporation
- Ticker: PCG
- Exchange: NYSE
- Founded: 1905
- Industry: Electric Utilities
- Sector: Utilities
- Market Cap: US$19.734b
- Shares outstanding: 1.99b
- Website: https://www.pgecorp.com
Number of Employees
- PG&E Corporation
- 77 Beale Street
- PO Box 770000
- San Francisco
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/25 22:16|
|End of Day Share Price||2021/09/24 00:00|
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.