NYSE: ED - Consolidated Edison

Yield per half year: -2.39%
Sector: Utilities

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1. Summary

Advantages

  • Positive review Dividends (3.53%) are higher than the sector average (3.13%).
  • Positive review Current debt level 35.36% is below 100% and has decreased over 5 years from 38.41%.
  • Positive review The company's current efficiency (ROE=10.36%) is higher than the sector average (ROE=6.66%)

Disadvantages

  • Negative review Price (87.93 $) is higher than fair price (47.26 $)
  • Negative review The stock's return over the last year (-1.8748%) is lower than the sector average (4.04%).

2. Share price and performance

2.1. Share price

2.2. News

2.3. Market efficiency

Consolidated Edison Utilities Index
7 days 0.7% 0.6% 4%
90 days -2.3% 1.5% 4%
1 year -1.9% 4% 43.3%

Negative review ED vs Sector: Consolidated Edison has significantly underperformed the "Utilities" sector by -5.92% over the past year.

Negative review ED vs Market: Consolidated Edison has significantly underperformed the market by -45.17% over the past year.

Positive review Stable price: ED is not significantly more volatile than the rest of the market on "New York Stock Exchange" over the last 3 months, with typical variations of +/- 5% per week.

Long period: ED with weekly volatility of -0.0361% over the past year.

3. Summary of the report

3.1. General

P/E: 20.45
P/S: 2.17

3.2. Revenue

EPS 4.69
ROE 10.36%
ROA 2.51%
ROIC 5.12%
Ebitda margin 32.33%

4. Fundamental Analysis

4.1. Stock price and price forecast

The fair price is calculated taking into account the Central Bank refinancing rate and earnings per share (EPS)

Negative review company.analysis.fundamental.minus11_title: The current price (87.93 $) is higher than the fair price (47.26 $).

Negative review Price is higher than fair: The current price (87.93 $) is 46.3% higher than the fair price.

4.2. P/E

Positive review P/E vs Sector: The company's P/E (20.45) is lower than that of the sector as a whole (36.03).

Positive review P/E vs Market: The company's P/E (20.45) is lower than that of the market as a whole (92.53).

4.2.1 P/E Similar companies

4.3. P/BV

Positive review P/BV vs Sector: The company's P/BV (1.6248) is lower than that of the sector as a whole (2.39).

Positive review P/BV vs Market: The company's P/BV (1.6248) is lower than that of the market as a whole (24.49).

4.3.1 P/BV Similar companies

4.4. P/S

Positive review P/S vs Sector: The company's P/S indicator (2.17) is lower than that of the sector as a whole (3.64).

Positive review P/S vs Market: The company's P/S indicator (2.17) is lower than that of the market as a whole (49.94).

4.4.1 P/S Similar companies

4.5. EV/Ebitda

Positive review EV/Ebitda vs Sector: The company's EV/Ebitda (11.27) is lower than that of the sector as a whole (19.65).

Positive review EV/Ebitda vs Market: The company's EV/Ebitda (11.27) is lower than that of the market as a whole (76.61).


5. Profitability

5.1. Profitability and revenue

5.2. Earnings per share - EPS

5.3. Past profitability Ebitda

Positive review Yield Trend: Rising and has grown by 15.52% over the last 5 years.

Negative review Earnings Slowdown: The last year's return (-4.42%) is below the 5-year average return (15.52%).

Positive review Profitability vs Sector: The return for the last year (-4.42%) exceeds the return for the sector (-144.53%).

5.4. ROE

Positive review ROE vs Sector: The company's ROE (10.36%) is higher than that of the sector as a whole (6.66%).

Positive review ROE vs Market: The company's ROE (10.36%) is higher than that of the market as a whole (-4.21%).

5.5. ROA

Negative review ROA vs Sector: The company's ROA (2.51%) is lower than that of the sector as a whole (3.11%).

Negative review ROA vs Market: The company's ROA (2.51%) is lower than that of the market as a whole (7%).

5.6. ROIC

Negative review ROIC vs Sector: The company's ROIC (5.12%) is lower than that of the sector as a whole (7.13%).

Negative review ROIC vs Market: The company's ROIC (5.12%) is lower than that of the market as a whole (8.49%).

6. Finance

6.1. Assets and debt

Positive review Debt level: (35.36%) is quite low in relation to assets.

Positive review Debt reduction: over 5 years, the debt has decreased from 38.41% to 35.36%.

Negative review Excess of debt: The debt is not covered by net income, percentage 1026.05%.

6.2. Profit growth and share price

7. Dividends

7.1. Dividend yield vs Market

Positive review High yield: The dividend yield of the company 3.53% is higher than the average for the sector '3.13%.

7.2. Stability and increase in payments

Positive review Dividend stability: The company's dividend yield 3.53% has been steadily paid over the past 7 years, DSI=0.93.

Positive review Dividend growth: Company's dividend yield 3.53% has been growing over the last 5 years. Growth over 34 years.

7.3. Payout percentage

Positive review Dividend Coverage: Current payments from income (46.57%) are at a comfortable level.

8. Insider trades

8.1. Insider trading

Positive review Insider Buying Exceeds insider sales by 100% over the last 3 months.

8.2. Latest transactions

Transaction date Insider Type Price Volume Quantity
31.01.2024 HOGLUND ROBERT N
SVP & CFO
Buy 90.9 2 273 25
31.01.2024 Miller Joseph
VP & Controller
Buy 90.9 182 2
31.01.2024 Nachmias Stuart
President & CEO CET
Buy 90.9 636 7
31.01.2024 Sanchez Robert
President & CEO, O&R
Buy 90.9 2 273 25
31.01.2024 Shannon Nancy
SVP, Utility Shared Services
Buy 90.9 909 10