Alliant Energy Corp
Exchange: NASDAQSector: UtilitiesIndustry: Utilities - Regulated Electric
Alliant Energy Corporation provides regulated energy service to approximately 1 million electric and 430,000 natural gas customers across Iowa and Wisconsin. Alliant Energy's mission is to deliver energy solutions and exceptional service to customers and communities count on - safely, efficiently and responsibly. Interstate Power and Light Company (IPL) and Wisconsin Power and Light Company (WPL) are Alliant Energy's two public energy companies.
Did you know?
Profit margin stands at 18.6%.
Current Price
$73.72
+1.00%GoodMoat Value
$54.62
25.9% overvaluedProfile
Valuation (TTM)
Market Cap$18.95B
P/E23.40
EV$29.34B
P/B2.58
Shares Out257.05M
P/Sales4.34
Revenue$4.36B
EV/EBITDA15.11
Alliant Energy Corp (LNT) Stock Analysis
GoodMoat Analysis
Alliant Energy is a regulated electric utility with a stable, predictable business model. While it possesses a durable regulatory moat, its valuation appears unfavourable relative to its estimated fair value and growth profile.
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Alliant Energy Corp operates as a regulated electric and gas utility, primarily serving customers in Wisconsin and Iowa. This business model grants it a durable competitive advantage, or moat, primarily through regulatory barriers. As a regulated monopoly, it operates under a framework where its rates and returns on capital are approved by state commissions, creating high switching costs for customers and a stable, predictable revenue stream. Applying the GoodMoat framework, it would score highly on criteria like Regulatory Barriers and Switching Costs, but likely lower on others like Brand or Network Effects, which are less relevant for utilities. This suggests a solid, though not exceptionally wide, economic moat.
From a valuation perspective, the analysis is less favourable. The stock trades at a P/E of 22.1x, which is high for a utility with a 9% revenue growth rate and an 11.0% ROE. More critically, the GoodMoat Target price is $54.62, implying the current price of $70.16 is approximately 28% above that estimate. This negative margin of safety fails the Valuation Gate in the Decision Framework. Furthermore, the negative Free Cash Flow Yield of -6.2% and a Debt/Equity ratio of 1.65 indicate significant capital investment and leverage, which are typical for utilities but limit financial flexibility.
For a value investor, Alliant Energy represents a classic, moat-protected utility business. However, its current price does not offer a margin of safety relative to the platform's fair value estimate, making further investigation primarily an exercise in challenging that valuation assumption rather than identifying an obvious opportunity.
Analysis based on data as of 2024-05-15.
Market Cap$18.95B
Current Price$73.72
P/E Ratio23.40
Forward P/E—
PEG Ratio-4.52
EPS$3.14
Book Value$28.53
P/B Ratio2.58
LNT Financial Charts
FCF vs CAPEX
FCFCAPEX
Cash vs Debt
Net Debt: 11.6B
Revenue
3.6B
FY19
3.4B
FY20
3.7B
FY21
4.2B
FY22
4.0B
FY23
4.0B
FY24
4.4B
FY25
Net Income
567M
FY19
624M
FY20
674M
FY21
686M
FY22
703M
FY23
690M
FY24
810M
FY25
LNT 52-Week Range
$57.44
$73.72
50-Day MA: $70.36200-Day MA: $66.14
Did you know?
Currently trading near its 52-week high — in the top 0% of its range.
Alliant Energy Corp (LNT) Financial Summary
Alliant Energy Corp (LNT) is a Utilities company in the Utilities - Regulated Electric industry, listed on NASDAQ. The stock currently trades at $73.72 with a market capitalization of $18.95B.
Key valuation metrics include a P/E ratio of 23.40, price-to-book ratio of 2.58, and EPS of $3.14. The company reports a profit margin of 18.6% and return on equity of 11.0%.
LNT Key Financial Metrics
| Metric | Value |
|---|---|
| Market Cap | $18.95B |
| P/E Ratio | 23.40 |
| EPS | $3.14 |
| P/B Ratio | 2.58 |
| P/S Ratio | 4.34 |
| EV/EBITDA | 15.11 |
| Dividend Yield | 2.75% |
| Profit Margin | 18.6% |
| Return on Equity | 11.0% |
| Debt/Equity | 1.65 |
LNT Revenue & Earnings History
| Year | Revenue | Net Income |
|---|---|---|
| FY19 | $3.65B | $567.00M |
| FY20 | $3.42B | $624.00M |
| FY21 | $3.67B | $674.00M |
| FY22 | $4.21B | $686.00M |
| FY23 | $4.03B | $703.00M |
| FY24 | $3.98B | $690.00M |
| FY25 | $4.36B | $810.00M |
Alliant Energy Corp (LNT) Valuation
Based on GoodMoat's DCF model, Alliant Energy Corp has a fair value estimate of $54.62. At the current price of $73.72, the stock appears 35.0% overvalued relative to our intrinsic value estimate.
LNT Quality Indicators
Alliant Energy Corp maintains a profit margin of 18.6% and an operating margin of 23.5%. Return on equity stands at 11.0%. The current ratio is 0.80. Debt-to-equity ratio is 1.65.
About Alliant Energy Corp
Alliant Energy Corporation provides regulated energy service to approximately 1 million electric and 430,000 natural gas customers across Iowa and Wisconsin. Alliant Energy's mission is to deliver energy solutions and exceptional service to customers and communities count on - safely, efficiently and responsibly. Interstate Power and Light Company (IPL) and Wisconsin Power and Light Company (WPL) are Alliant Energy's two public energy companies.
LNT Free Cash Flow
Alliant Energy Corp generated $-1.11B in trailing twelve-month free cash flow, representing an FCF yield of -5.85%. This low FCF yield may reflect heavy reinvestment or growth spending.
LNT Shares Outstanding
Alliant Energy Corp has 0.26 billion shares outstanding at a share price of $73.72, giving it a market capitalization of $18.95B.