ED
CompareConsolidated Edison Inc
Exchange: NYSESector: UtilitiesIndustry: Utilities - Regulated Electric
Consolidated Edison, Inc. (Con Edison) is a holding company, which owns Consolidated Edison Company of New York, Inc. (CECONY), which delivers electricity, natural gas and steam to customers in New York City and Westchester County; Orange and Rockland Utilities, Inc. (O&R) (together with CECONY referred to as the Utilities), which delivers electricity and natural gas to customers primarily located in southeastern New York, and northern New Jersey and northeastern Pennsylvania, and competitive energy businesses, which provide retail and wholesale electricity supply and energy services. CECONY's business operations are its regulated electric, gas and steam delivery businesses. O&R's business operations are its regulated electric and gas delivery businesses. In July 2012, Consolidated Edison Development, a wholly owned subsidiary of Con Edison, and GCL Solar Energy Inc., a wholly owned subsidiary of GCL-Poly Energy Holdings Limited, acquired two solar photovoltaic projects.
Did you know?
Profit margin stands at 12.0%.
Current Price
$109.06
-1.08%GoodMoat Value
$83.60
23.3% overvaluedProfile
Valuation (TTM)
Market Cap$39.36B
P/E19.47
EV$66.13B
P/B1.63
Shares Out360.94M
P/Sales2.33
Revenue$16.92B
EV/EBITDA10.75
Consolidated Edison Inc (ED) Stock Analysis
GoodMoat Analysis
Consolidated Edison is a regulated electric utility with a narrow moat based on regulatory barriers, but it fails the GoodMoat Decision Framework's first gate due to low quality indicators. Its current price appears unfavourable, trading at a premium to the GoodMoat target price.
Read full analysis
Consolidated Edison (ED) is a regulated electric utility providing essential power and gas services to the New York City metropolitan area. Its primary competitive advantage, or moat, is derived from regulatory barriers (Section 1, Criterion 5). As a regulated monopoly, it operates under state-granted licenses with controlled rates of return, creating a significant barrier to entry. However, this likely constitutes its only strong moat point, resulting in a low Moat Score. Crucially, the company's Quality Indicators (Section 2) are weak for a value investor. Key metrics like ROE (8.4%) and FCF Yield (0.1%) are far below the framework's high-quality thresholds of >15-20% and >10-15%, respectively. The Debt/Equity ratio of 1.17 also indicates a leveraged balance sheet rather than the substantial net cash position preferred. Applying the Decision Framework (Section 6), the business fails the 'Moat & Quality Gate' due to a low Moat Score and multiple weak quality ratings, halting further analysis. From a valuation perspective, the current price of $110.03 is significantly above the GoodMoat target of $83.60, suggesting an unfavourable margin of safety. For a value investor focused on durable moats and financial strength, ED does not meet the initial criteria for a deeper investigation under this framework. Analysis based on data as of 2024-05-15.
Market Cap$39.36B
Current Price$109.06
P/E Ratio19.47
Forward P/E—
PEG Ratio-2.48
EPS$5.64
Book Value$67.02
P/B Ratio1.63
ED Financial Charts
ED 52-Week Range
$94.02
$115.46
50-Day MA: $111.89200-Day MA: $102.30
Did you know?
Profit margin stands at 12.0%.
Consolidated Edison Inc (ED) Financial Summary
Consolidated Edison Inc (ED) is a Utilities company in the Utilities - Regulated Electric industry, listed on NYSE. The stock currently trades at $109.06 with a market capitalization of $39.36B.
Key valuation metrics include a P/E ratio of 19.47, price-to-book ratio of 1.63, and EPS of $5.64. The company reports a profit margin of 12.0% and return on equity of 8.4%.
ED Key Financial Metrics
| Metric | Value |
|---|---|
| Market Cap | $39.36B |
| P/E Ratio | 19.47 |
| EPS | $5.64 |
| P/B Ratio | 1.63 |
| P/S Ratio | 2.33 |
| EV/EBITDA | 10.75 |
| Dividend Yield | 2.96% |
| Profit Margin | 12.0% |
| Return on Equity | 8.4% |
| Debt/Equity | 1.17 |
Consolidated Edison Inc (ED) Valuation
Based on GoodMoat's DCF model, Consolidated Edison Inc has a fair value estimate of $83.60. At the current price of $109.06, the stock appears 30.5% overvalued relative to our intrinsic value estimate.
ED Quality Indicators
Consolidated Edison Inc maintains a profit margin of 12.0% and an operating margin of 17.3%. Return on equity stands at 8.4%. The current ratio is 1.02. Debt-to-equity ratio is 1.17.
About Consolidated Edison Inc
Consolidated Edison, Inc. (Con Edison) is a holding company, which owns Consolidated Edison Company of New York, Inc. (CECONY), which delivers electricity, natural gas and steam to customers in New York City and Westchester County; Orange and Rockland Utilities, Inc. (O&R) (together with CECONY referred to as the Utilities), which delivers electricity and natural gas to customers primarily located in southeastern New York, and northern New Jersey and northeastern Pennsylvania, and competitive energy businesses, which provide retail and wholesale electricity supply and energy services. CECONY's business operations are its regulated electric, gas and steam delivery businesses. O&R's business operations are its regulated electric and gas delivery businesses. In July 2012, Consolidated Edison Development, a wholly owned subsidiary of Con Edison, and GCL Solar Energy Inc., a wholly owned subsidiary of GCL-Poly Energy Holdings Limited, acquired two solar photovoltaic projects.
ED Free Cash Flow
Consolidated Edison Inc generated $36.00M in trailing twelve-month free cash flow, representing an FCF yield of 0.09%. This low FCF yield may reflect heavy reinvestment or growth spending.
ED Shares Outstanding
Consolidated Edison Inc has 0.36 billion shares outstanding at a share price of $109.06, giving it a market capitalization of $39.36B.
ED Recent Insider Trades
Recent insider transactions at Consolidated Edison Inc include:
| Insider | Type | Shares | Value |
|---|---|---|---|
| Miller Joseph (VP & Controller) | BUY | 0.95 | $109.31 |
| Donnley Deneen L (SVP and General Counsel) | SELL | 1,922 | $218992.68 |
| MULROW WILLIAM J | SELL | 7,912 | $892552.72 |