Exelon Corp
Exchange: NASDAQSector: UtilitiesIndustry: Utilities - Regulated Electric
Exelon is a Fortune 200 company and one of the nation's largest utility companies, serving more than 10.7 million customers through six fully regulated transmission and distribution utilities - Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO, and Pepco. Exelon's 20,000 employees dedicate their time and expertise to supporting our communities through reliable, affordable and efficient energy delivery, workforce development, equity, economic development and volunteerism. Source: Lendistry
Did you know?
Price sits at 59% of its 52-week range.
Current Price
$46.50
+1.11%GoodMoat Value
$36.30
21.9% overvaluedProfile
Valuation (TTM)
Market Cap$46.98B
P/E16.97
EV$96.58B
P/B1.63
Shares Out1.01B
P/Sales1.94
Revenue$24.26B
EV/EBITDA10.58
Exelon Corp (EXC) Stock Analysis
GoodMoat Analysis
Exelon is a large, regulated electric utility with a stable business but limited moat characteristics and a valuation above its estimated fair value. For a value investor focused on durable competitive advantages, it does not pass the initial screening criteria.
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Exelon Corp operates as a regulated electric utility, a business model characterized by stable, government-granted monopolies in its service territories. Applying the GoodMoat framework, its primary moat source is Regulatory Barriers (criterion 5), as it holds exclusive licenses to operate. However, this is typically its only durable advantage; it scores poorly on other moat criteria like Network Effects, Switching Costs, or Proprietary Data. With a likely Moat Score of 1, it falls well short of the required score of 5+ to proceed with analysis. Financially, the data shows a mixed picture: a solid operating margin of 21.2% and a P/E of 17.4 are reasonable, but negative Free Cash Flow Yield (-4.7%), modest ROE of 9.6%, and high Debt/Equity of 1.74 are unfavourable quality indicators. The stock trades at $47.67, which is 31% above the GoodMoat Target price of $36.30, indicating an unfavourable valuation with no margin of safety. According to the Decision Framework, a business with a Moat Score below 5 does not pass the initial gate for further valuation analysis, regardless of price. Therefore, while Exelon provides essential services and a dividend, it lacks the high-quality, wide-moat characteristics and attractive valuation that a value investor following this framework would typically seek for deeper investigation. Analysis based on data as of 2024-05-15.
Market Cap$46.98B
Current Price$46.50
P/E Ratio16.97
Forward P/E—
PEG Ratio-2.17
EPS$2.73
Book Value$28.50
P/B Ratio1.63
EXC Financial Charts
FCF vs CAPEX
FCFCAPEX
Cash vs Debt
Net Debt: 48.9B
Revenue
34.4B
FY19
16.7B
FY20
17.9B
FY21
19.1B
FY22
21.7B
FY23
23.0B
FY24
24.3B
FY25
Net Income
2.9B
FY19
2.0B
FY20
1.7B
FY21
2.2B
FY22
2.3B
FY23
2.5B
FY24
2.8B
FY25
EXC 52-Week Range
$41.11
$50.29
50-Day MA: $48.20200-Day MA: $45.22
Did you know?
Trading 22% above its estimated fair value of $36.30.
Exelon Corp (EXC) Financial Summary
Exelon Corp (EXC) is a Utilities company in the Utilities - Regulated Electric industry, listed on NASDAQ. The stock currently trades at $46.50 with a market capitalization of $46.98B.
Key valuation metrics include a P/E ratio of 16.97, price-to-book ratio of 1.63, and EPS of $2.73. The company reports a profit margin of 11.4% and return on equity of 9.6%.
EXC Key Financial Metrics
| Metric | Value |
|---|---|
| Market Cap | $46.98B |
| P/E Ratio | 16.97 |
| EPS | $2.73 |
| P/B Ratio | 1.63 |
| P/S Ratio | 1.94 |
| EV/EBITDA | 10.58 |
| Dividend Yield | 3.44% |
| Profit Margin | 11.4% |
| Return on Equity | 9.6% |
| Debt/Equity | 1.74 |
EXC Revenue & Earnings History
| Year | Revenue | Net Income |
|---|---|---|
| FY19 | $34.44B | $2.94B |
| FY20 | $16.66B | $1.96B |
| FY21 | $17.94B | $1.71B |
| FY22 | $19.08B | $2.17B |
| FY23 | $21.73B | $2.33B |
| FY24 | $23.03B | $2.46B |
| FY25 | $24.26B | $2.77B |
Exelon Corp (EXC) Valuation
Based on GoodMoat's DCF model, Exelon Corp has a fair value estimate of $36.30. At the current price of $46.50, the stock appears 28.1% overvalued relative to our intrinsic value estimate.
EXC Quality Indicators
Exelon Corp maintains a profit margin of 11.4% and an operating margin of 21.2%. Return on equity stands at 9.6%. The current ratio is 0.92. Debt-to-equity ratio is 1.74.
About Exelon Corp
Exelon is a Fortune 200 company and one of the nation's largest utility companies, serving more than 10.7 million customers through six fully regulated transmission and distribution utilities - Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO, and Pepco. Exelon's 20,000 employees dedicate their time and expertise to supporting our communities through reliable, affordable and efficient energy delivery, workforce development, equity, economic development and volunteerism. Source: Lendistry
EXC Free Cash Flow
Exelon Corp generated $-2.27B in trailing twelve-month free cash flow, representing an FCF yield of -4.84%. This low FCF yield may reflect heavy reinvestment or growth spending.
EXC Shares Outstanding
Exelon Corp has 1.01 billion shares outstanding at a share price of $46.50, giving it a market capitalization of $46.98B.