NYSE:PCG

Stock Analysis Report

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Executive Summary

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.


Snowflake Analysis

Moderate growth potential and overvalued.


Similar Companies

Share Price & News

How has PG&E's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PCG's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-2.7%

PCG

0.7%

US Electric Utilities

2.5%

US Market


1 Year Return

-49.8%

PCG

-2.3%

US Electric Utilities

16.3%

US Market

Return vs Industry: PCG underperformed the US Electric Utilities industry which returned -4.2% over the past year.

Return vs Market: PCG underperformed the US Market which returned 15.8% over the past year.


Shareholder returns

PCGIndustryMarket
7 Day-2.7%0.7%2.5%
30 Day5.9%6.6%5.6%
90 Day-21.5%7.6%16.4%
1 Year-49.8%-49.8%0.7%-2.3%18.8%16.3%
3 Year-86.7%-86.8%5.9%-2.6%45.1%35.7%
5 Year-81.9%-83.2%37.5%17.6%75.8%56.8%

Price Volatility Vs. Market

How volatile is PG&E's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is PG&E undervalued compared to its fair value and its price relative to the market?

1.36x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: PCG ($9.1) is trading above our estimate of fair value ($0.07)

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


Price To Earnings Ratio

PE vs Industry: PCG is unprofitable, so we can't compare its PE Ratio to the US Electric Utilities industry average.

PE vs Market: PCG is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate PCG's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PCG is good value based on its PB Ratio (1.4x) compared to the US Electric Utilities industry average (2x).


Next Steps

Future Growth

How is PG&E forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

73.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PCG is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).

Earnings vs Market: PCG is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: PCG's is expected to become profitable in the next 3 years.

Revenue vs Market: PCG's revenue (4.3% per year) is forecast to grow slower than the US market (9.4% per year).

High Growth Revenue: PCG's revenue (4.3% 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 (11.9%).


Next Steps

Past Performance

How has PG&E performed over the past 5 years?

-67.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PCG is currently unprofitable.

Growing Profit Margin: PCG is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PCG is unprofitable, and losses have increased over the past 5 years at a rate of 67.6% per year.

Accelerating Growth: Unable to compare PCG's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: PCG is unprofitable, making it difficult to compare its past year earnings growth to the Electric Utilities industry (4.8%).


Return on Equity

High ROE: PCG has a negative Return on Equity (-179.87%), as it is currently unprofitable.


Next Steps

Financial Health

How is PG&E's financial position?


Financial Position Analysis

Short Term Liabilities: PCG's short term assets ($25.0B) do not cover its short term liabilities ($45.8B).

Long Term Liabilities: PCG's short term assets ($25.0B) do not cover its long term liabilities ($59.6B).


Debt to Equity History and Analysis

Debt Level: PCG's debt to equity ratio (991.1%) is considered high.

Reducing Debt: PCG's debt to equity ratio has increased from 101.3% to 991.1% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: PCG has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: PCG has less than a year of cash runway if free cash flow continues to reduce at historical rates of 2.9% each year


Next Steps

Dividend

What is PG&E current dividend yield, its reliability and sustainability?

0.19%

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.


Next Steps

Management

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

1.6yrs

Average management tenure


CEO

Bill Smith (63 yo)

0.17

Tenure

US$26,756

Compensation

Mr. William L. Smith, also known as Bill, serves as Director of ASOCS Ltd. since August 2018. He serves as Interim Chief Executive Officer of PG&E Corporation since June 30, 2020. He has been Director of P ...


Leadership Team

NamePositionTenureCompensationOwnership
William Smith
Interim CEO & Director0.17yrUS$26.76k0.00060%
$ 106.0k
Jason Wells
Executive VP & CFO4.58yrsUS$1.22m0.0032%
$ 565.4k
Janet Loduca
Senior VP & General Counsel1.58yrsUS$1.22m0.0011%
$ 194.3k
John Simon
Executive Vice President of Law1.58yrsUS$1.55m0.0043%
$ 757.9k
Michael Lewis
Senior Vice President of Electric Operations1.58yrsUS$697.24k0.00011%
$ 19.4k
David Thomason
VP & Controller4.17yrsUS$659.36k0.00064%
$ 113.1k
Christopher Foster
Vice President of Investor Relationsno datano datano data
Julie Kane
Senior VP5.25yrsno data0.00086%
$ 151.9k
Dinyar Mistry
Senior Vice President of Human Resources4.42yrsUS$2.41mno data
Stephen Cairns
Chief Audit Officer3.33yrsno datano data
James Mesterharm
Chief Restructuring Officer1.5yrsno datano data
John Boken
Deputy Chief Restructuring Officer1.58yrsno datano data

1.6yrs

Average Tenure

53.5yo

Average Age

Experienced Management: PCG's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
William Smith
Interim CEO & Director0.17yrUS$26.76k0.00060%
$ 106.0k
John Woolard
Independent Director0.83yrUS$26.76k0.00060%
$ 106.0k
Robert Flexon
Independent Non-Executive Chairman of the Board0.58yrno datano data
Arno Harris
Director0.58yrno datano data
Rajat Bahri
Director0.58yrno datano data
Dean Seavers
Director0.58yrno datano data
Benjamin Wilson
Director0.58yrno datano data
Jessica Denecour
Director0.58yrno datano data
Kerry Cooper
Director0.58yrno datano data
Mark Ferguson
Director0.58yrno datano data
Oluwadara Treseder
Director0.58yrno datano data
Cheryl Campbell
Independent Director1.33yrsUS$98.31k0.00080%
$ 141.3k

0.6yrs

Average Tenure

59yo

Average Age

Experienced Board: PCG's board of directors are not considered experienced ( 0.6 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if 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 substantially diluted in the past year, with total shares outstanding growing by 266.9%.


Top Shareholders

Company Information

PG&E Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: PG&E Corporation
  • Ticker: PCG
  • Exchange: NYSE
  • Founded: 1995
  • Industry: Electric Utilities
  • Sector: Utilities
  • Market Cap: US$17.667b
  • Shares outstanding: 1.94b
  • Website: https://www.pgecorp.com

Number of Employees


Location

  • PG&E Corporation
  • 77 Beale Street
  • PO Box 770000
  • San Francisco
  • California
  • 94177
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PCGNYSE (New York Stock Exchange)YesCommon SharesUSUSDJan 1992
PCGDB (Deutsche Boerse AG)YesCommon SharesDEEURJan 1992
0QR3LSE (London Stock Exchange)YesCommon SharesGBUSDJan 1992
PCGETLX (Eurotlx)YesCommon SharesITEURJan 1992
PCGUNYSE (New York Stock Exchange)EQUITY UNITUSUSDJun 2020

Biography

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 State ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/08 00:07
End of Day Share Price2020/08/07 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.