Firstenergy Corp
Exchange: NYSESector: UtilitiesIndustry: Utilities - Regulated Electric
FirstEnergy Transmission, jointly owned by FirstEnergy Corp. and Brookfield Super-Core Infrastructure Partners, owns and operates American Transmission Systems Inc. (ATSI), Mid-Atlantic Interstate Transmission LLC (MAIT) and Trans-Allegheny Interstate Line Company (TrAILCo). Toledo Edison serves more than 300,000 customers across northwest Ohio. Follow Toledo Edison on X at @ToledoEdison and on Facebook at facebook.com/ToledoEdison. FirstEnergy is dedicated to integrity, safety, reliability and operational excellence. Its electric distribution companies form one of the nation's largest investor-owned electric systems, serving more than six million customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York. The company's transmission subsidiaries operate approximately 24,000 miles of transmission lines that connect the Midwest and Mid-Atlantic regions. Follow FirstEnergy on X @FirstEnergyCorp or online at firstenergycorp.com. SOURCE FirstEnergy Corp.
Did you know?
Price sits at 63% of its 52-week range.
Current Price
$46.92
-1.26%GoodMoat Value
$46.19
1.6% overvaluedProfile
Valuation (TTM)
Market Cap$27.12B
P/E25.46
EV$54.63B
P/B2.17
Shares Out577.93M
P/Sales1.75
Revenue$15.53B
EV/EBITDA10.39
Firstenergy Corp (FE) Stock Analysis
GoodMoat Analysis
FirstEnergy is a regulated electric utility with a narrow moat based on regulatory barriers and scale, but it fails the initial quality gate for value investors due to weak financial health indicators. At a price of $49.52, it trades above the GoodMoat target of $44.91, suggesting an unfavourable valuation.
Read full analysis
FirstEnergy Corp (FE) operates as a regulated electric utility, a business model that inherently provides a competitive moat. Applying the GoodMoat framework, its primary advantage is regulatory barriers, as it holds government-granted monopolies in its service territories. It may also score on scale privilege due to its infrastructure footprint. However, a full moat score is likely modest, as utilities typically lack many other moat sources like network effects or proprietary technology. More critically, the company fails the initial 'Moat & Quality Gate' from the Decision Framework. Key quality indicators are weak: the Free Cash Flow Yield is negative at -3.5%, Debt/Equity is high at 2.12, and ROE of 8.2% is below the 15-20% high-quality threshold. These metrics suggest an unfavourable financial profile for a value investor seeking durable, high-return businesses. On valuation, the current price of $49.52 is approximately 10% above the GoodMoat target of $44.91. Combined with a P/E of 28x, which is high for a utility with single-digit ROE, the stock does not appear to offer a margin of safety. For a value investor following the framework, FirstEnergy does not pass the initial quality screen, making further deep valuation analysis less relevant unless the financial profile improves significantly. Analysis based on data as of 2024-05-15.
Market Cap$27.12B
Current Price$46.92
P/E Ratio25.46
Forward P/E—
PEG Ratio1.97
EPS$1.76
Book Value$21.65
P/B Ratio2.17
FE Financial Charts
FCF vs CAPEX
FCFCAPEX
Cash vs Debt
Net Debt: 26.5B
Revenue
11.0B
FY19
10.8B
FY20
11.1B
FY21
12.5B
FY22
12.9B
FY23
13.5B
FY24
15.1B
FY25
Net Income
912M
FY19
1.1B
FY20
1.3B
FY21
406M
FY22
1.1B
FY23
978M
FY24
1.0B
FY25
FE 52-Week Range
$38.57
$51.91
50-Day MA: $50.24200-Day MA: $45.94
Did you know?
Price sits at 63% of its 52-week range.
Firstenergy Corp (FE) Financial Summary
Firstenergy Corp (FE) is a Utilities company in the Utilities - Regulated Electric industry, listed on NYSE. The stock currently trades at $46.92 with a market capitalization of $27.12B.
Key valuation metrics include a P/E ratio of 25.46, price-to-book ratio of 2.17, and EPS of $1.76. The company reports a profit margin of 6.9% and return on equity of 8.5%.
FE Key Financial Metrics
| Metric | Value |
|---|---|
| Market Cap | $27.12B |
| P/E Ratio | 25.46 |
| EPS | $1.76 |
| P/B Ratio | 2.17 |
| P/S Ratio | 1.75 |
| EV/EBITDA | 10.39 |
| Dividend Yield | 3.75% |
| Profit Margin | 6.9% |
| Return on Equity | 8.5% |
| Debt/Equity | 2.12 |
FE Revenue & Earnings History
| Year | Revenue | Net Income |
|---|---|---|
| FY19 | $11.04B | $912.00M |
| FY20 | $10.79B | $1.08B |
| FY21 | $11.13B | $1.28B |
| FY22 | $12.46B | $406.00M |
| FY23 | $12.87B | $1.10B |
| FY24 | $13.47B | $978.00M |
| FY25 | $15.09B | $1.02B |
Firstenergy Corp (FE) Valuation
Based on GoodMoat's DCF model, Firstenergy Corp has a fair value estimate of $46.19. At the current price of $46.92, the stock appears 1.6% overvalued relative to our intrinsic value estimate.
FE Quality Indicators
Firstenergy Corp maintains a profit margin of 6.9% and an operating margin of 23.5%. Return on equity stands at 8.5%. The current ratio is 0.57. Debt-to-equity ratio is 2.12.
About Firstenergy Corp
FirstEnergy Transmission, jointly owned by FirstEnergy Corp. and Brookfield Super-Core Infrastructure Partners, owns and operates American Transmission Systems Inc. (ATSI), Mid-Atlantic Interstate Transmission LLC (MAIT) and Trans-Allegheny Interstate Line Company (TrAILCo). Toledo Edison serves more than 300,000 customers across northwest Ohio. Follow Toledo Edison on X at @ToledoEdison and on Facebook at facebook.com/ToledoEdison. FirstEnergy is dedicated to integrity, safety, reliability and operational excellence. Its electric distribution companies form one of the nation's largest investor-owned electric systems, serving more than six million customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York. The company's transmission subsidiaries operate approximately 24,000 miles of transmission lines that connect the Midwest and Mid-Atlantic regions. Follow FirstEnergy on X @FirstEnergyCorp or online at firstenergycorp.com. SOURCE FirstEnergy Corp.
FE Free Cash Flow
Firstenergy Corp generated $-1.00B in trailing twelve-month free cash flow, representing an FCF yield of -3.71%. This low FCF yield may reflect heavy reinvestment or growth spending.
FE Shares Outstanding
Firstenergy Corp has 0.58 billion shares outstanding at a share price of $46.92, giving it a market capitalization of $27.12B.
FE Recent Insider Trades
Recent insider transactions at Firstenergy Corp include:
| Insider | Type | Shares | Value |
|---|---|---|---|
| ONEIL JAMES F | SELL | 7,945 | $402040.84 |
| K. Jon Taylor (SVP, CFO and Strategy) | SELL | 26,800 | $1.37M |
| Lisowski Jason (VP, Controller & CAO) | SELL | 3,000 | $152520.00 |