Financials Consolidated Edison, Inc.

Equities

ED

US2091151041

Electric Utilities

Market Closed - Nyse 04:00:02 2024-04-26 pm EDT 5-day change 1st Jan Change
92.93 USD -1.25% Intraday chart for Consolidated Edison, Inc. +1.26% +2.15%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 30,075 24,725 30,182 33,822 31,405 32,128 - -
Enterprise Value (EV) 1 50,759 47,672 53,722 55,727 54,680 56,675 57,506 58,986
P/E ratio 22.1 x 22 x 22.2 x 20.4 x 12.5 x 17.4 x 16.5 x 16.1 x
Yield 3.27% 4.23% 3.63% 3.32% 3.56% 3.58% 3.7% 3.82%
Capitalization / Revenue 2.39 x 2.02 x 2.21 x 2.16 x 2.14 x 2.07 x 1.99 x 1.93 x
EV / Revenue 4.04 x 3.89 x 3.93 x 3.56 x 3.73 x 3.65 x 3.56 x 3.55 x
EV / EBITDA 11.3 x 9.54 x 10.5 x 11.9 x 10.5 x 10.9 x 10.2 x 9.88 x
EV / FCF -89.5 x -27.4 x -43 x -192 x -23.4 x 215 x 340 x -333 x
FCF Yield -1.12% -3.65% -2.33% -0.52% -4.28% 0.47% 0.29% -0.3%
Price to Book 1.67 x 1.31 x 1.5 x 1.64 x 1.49 x 1.46 x 1.38 x 1.32 x
Nbr of stocks (in thousands) 332,430 342,116 353,749 354,863 345,220 345,721 - -
Reference price 2 90.47 72.27 85.32 95.31 90.97 92.93 92.93 92.93
Announcement Date 2/20/20 2/18/21 2/17/22 2/16/23 2/15/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 12,574 12,246 13,676 15,670 14,663 15,511 16,164 16,615
EBITDA 1 4,485 4,995 5,115 4,680 5,227 5,192 5,664 5,970
EBIT 1 2,801 3,075 3,083 2,624 3,196 2,988 3,297 3,535
Operating Margin 22.28% 25.11% 22.54% 16.75% 21.8% 19.27% 20.4% 21.28%
Earnings before Tax (EBT) 1 1,736 1,234 1,383 2,098 3,003 2,278 2,435 2,643
Net income 1 1,343 1,101 1,346 1,660 2,519 1,842 1,982 2,149
Net margin 10.68% 8.99% 9.84% 10.59% 17.18% 11.87% 12.26% 12.93%
EPS 2 4.090 3.290 3.850 4.680 7.250 5.327 5.628 5.784
Free Cash Flow 1 -567 -1,738 -1,250 -290 -2,338 264 169 -177
FCF margin -4.51% -14.19% -9.14% -1.85% -15.94% 1.7% 1.05% -1.07%
FCF Conversion (EBITDA) - - - - - 5.08% 2.98% -
FCF Conversion (Net income) - - - - - 14.33% 8.53% -
Dividend per Share 2 2.960 3.060 3.100 3.160 3.240 3.328 3.437 3.552
Announcement Date 2/20/20 2/18/21 2/17/22 2/16/23 2/15/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 3,613 3,415 4,060 3,415 4,165 4,031 4,403 2,944 3,872 3,444 4,434 3,115 4,010 3,708 -
EBITDA 1 1,306 1,401 1,212 926 1,414 1,013 1,364 780 1,284 975 1,419 848.9 1,321 1,321 -
EBIT 1 794 880 799 387 889 550 865 284 722 451 910.6 332.7 851.4 724.3 -
Operating Margin 21.98% 25.77% 19.68% 11.33% 21.34% 13.64% 19.65% 9.65% 18.65% 13.1% 20.54% 10.68% 21.23% 19.53% -
Earnings before Tax (EBT) 1 596 183 707 271 779 341 1,673 255 670 406 807.1 257.3 769.6 490.2 -
Net income 1 538 224 602 255 613 190 1,433 226 526 335 653.1 189.3 683.6 366.7 -
Net margin 14.89% 6.56% 14.83% 7.47% 14.72% 4.71% 32.55% 7.68% 13.58% 9.73% 14.73% 6.08% 17.05% 9.89% -
EPS 2 1.520 0.6300 1.700 0.7200 1.730 0.5300 4.060 0.6500 1.530 0.9700 2.235 0.4770 1.764 1.056 -
Dividend per Share 2 0.7750 0.7750 0.7900 0.7900 0.7900 0.7900 0.8100 0.8100 0.8100 0.8100 0.8372 0.8372 0.8372 0.8372 0.8782
Announcement Date 11/4/21 2/17/22 5/5/22 8/4/22 11/3/22 2/16/23 5/4/23 8/3/23 11/2/23 2/15/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 20,684 22,947 23,540 21,905 23,275 24,547 25,378 26,859
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 4.612 x 4.594 x 4.602 x 4.681 x 4.453 x 4.728 x 4.481 x 4.499 x
Free Cash Flow 1 -567 -1,738 -1,250 -290 -2,338 264 169 -177
ROE (net income / shareholders' equity) 8.28% 7.59% 6.92% 7.96% 12% 8.53% 8.65% 8.75%
ROA (Net income/ Total Assets) 2.57% 2.31% 2.14% 2.45% 3.72% 2.76% 2.85% 2.92%
Assets 1 52,300 47,662 63,006 67,722 67,699 66,735 69,604 73,655
Book Value Per Share 2 54.20 55.10 56.80 58.30 61.30 63.50 67.20 70.40
Cash Flow per Share 2 9.510 6.550 7.820 11.10 6.170 12.20 - -
Capex 1 3,701 3,936 3,983 4,225 4,494 4,844 5,237 5,962
Capex / Sales 29.43% 32.14% 29.12% 26.96% 30.65% 31.23% 32.4% 35.88%
Announcement Date 2/20/20 2/18/21 2/17/22 2/16/23 2/15/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
18
Last Close Price
92.93 USD
Average target price
90.47 USD
Spread / Average Target
-2.65%
Consensus
  1. Stock Market
  2. Equities
  3. ED Stock
  4. Financials Consolidated Edison, Inc.