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PCG

PG&ENYSE:PCG Stock Report

Market Cap

US$19.7b

7D

1.0%

1Y

-0.6%

Updated

25 Sep, 2021

Data

Company Financials +
PCG fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance2/6
Financial Health0/6
Dividends0/6

PCG Overview

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.

PG&E Competitors

Price History & Performance

Summary of all time highs, changes and price drops for PG&E
Historical stock prices
Current Share PriceUS$9.94
52 Week HighUS$8.24
52 Week LowUS$12.91
Beta1.39
1 Month Change8.99%
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

Shareholder Returns

PCGUS Electric UtilitiesUS Market
7D1.0%-1.3%0.1%
1Y-0.6%13.3%35.3%

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.

Price Volatility

Is PCG's price volatile compared to industry and market?
PCG volatility
PCG Beta1.39
Industry Beta0.43
Market Beta1

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

FoundedEmployeesCEOWebsite
190524,000Patti Poppehttps://www.pgecorp.com

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

How do PG&E's earnings and revenue compare to its market cap?
PCG fundamental statistics
Market CapUS$19.73b
Earnings (TTM)US$800.00m
Revenue (TTM)US$19.56b

24.7x

P/E Ratio

1.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PCG income statement (TTM)
RevenueUS$19.56b
Cost of RevenueUS$13.60b
Gross ProfitUS$5.96b
ExpensesUS$5.16b
EarningsUS$800.00m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Nov 01, 2021

Earnings per share (EPS)0.40
Gross Margin30.46%
Net Profit Margin4.09%
Debt/Equity Ratio195.4%

How did PCG perform over the long term?

See historical performance and comparison

Valuation

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

24.67x

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).


Future Growth

How is PG&E forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

36.5%

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%).


Past Performance

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

-41.5%

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.


Financial Health

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).


Balance Sheet


Dividend

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

0.88%

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?

1.8yrs

Average management tenure


CEO

Patti Poppe (52 yo)

0.67

Tenure

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...


Leadership Team

Experienced Management: PCG's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: PCG's board of directors are not considered experienced ( 1.2 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: PCG 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 diluted in the past year, with total shares outstanding growing by 2.3%.


Top Shareholders

Company Information

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


Key Information

  • 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


Location

  • PG&E Corporation
  • 77 Beale Street
  • PO Box 770000
  • San Francisco
  • California
  • 94177
  • 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 22:16
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.