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The Companies FE and its subsidiaries are principally involved in the transmission, distribution, and generation of electricity. FirstEnergy s electric operating companies comprise one of the nation s largest investor-owned electric systems, serving over six million customers in the Midwest and Mid-Atlantic regions.
$49.62
+$1.19 (+2.46%)
Price from 41 days ago
14.62% operating margin is respectable but not wide. ROIC at 5.04%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue grew 12.0%, still solid. Margins contracted 3.0pp, which offsets some of the top-line progress.
At 27x earnings, the current multiple leaves limited room for execution misses or growth deceleration. Negative free cash flow of -$1.00B. The business is consuming cash, not generating it.
27.0x earnings. Not cheap, the quality is already reflected in the price. Upside from here requires either margin expansion or growth re-acceleration, not just continuation.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$15.53B
▲ +12.0% YoY
Net Income (TTM)
$1.01B
▲ +4.3% YoY
Op. Margin
14.68%
▼ -3.0pp YoY
ROIC
4.98%
▼ -0.5pp YoY
Cash Flow & Balance Sheet
FCF (FY)
-$1.00B
▲ +11.8% YoY
Op. Cash Flow (TTM)
$3.21B
▲ +28.0% YoY
Net Debt
$28.01B
Cash & Equiv.
$52M
5Y CAGR: +6.9%
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