Ameren Corporation
Find Ratings ReportsAMEREN CORP's gross profit margin for the fourth quarter of its fiscal year 2023 has significantly increased when compared to the same period a year ago. Sales and net income have dropped, underperforming the average competitor within its subsector. AMEREN CORP has very weak liquidity. Currently, the Quick Ratio is 0.19 which clearly shows a lack of ability to cover short-term cash needs. The company's liquidity decreased from the same period a year ago, despite already having very weak liquidity to begin with. This would indicate deteriorating cash flow.
During the same period, stockholders' equity ("net worth") has increased by 7.90% from the same quarter last year. The key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the near future.
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Income Statement | Q4 FY23 | Q4 FY22 |
---|---|---|
Net Sales ($mil) | 1618.0 | 2046.0 |
EBITDA ($mil) | 627.0 | 600.0 |
EBIT ($mil) | 264.0 | 276.0 |
Net Income ($mil) | 158.0 | 163.0 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 38.0 | 263.0 |
Total Assets ($mil) | 40830.0 | 37904.0 |
Total Debt ($mil) | 16506.0 | 15095.0 |
Equity ($mil) | 11478.0 | 10637.0 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 38.75 | 29.33 |
EBITDA Margin | 38.75 | 29.32 |
Operating Margin | 16.32 | 13.49 |
Sales Turnover | 0.18 | 0.21 |
Return on Assets | 2.82 | 2.83 |
Return on Equity | 10.04 | 10.1 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 0.65 | 0.79 |
Debt/Capital | 0.59 | 0.59 |
Interest Expense | 153.0 | 130.0 |
Interest Coverage | 1.73 | 2.12 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 266.3 | 262.0 |
Div / share | 0.63 | 0.59 |
EPS | 0.6 | 0.63 |
Book value / share | 43.1 | 40.6 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 2073308.0 | 1981675.0 |
BUY. This stock's P/E ratio indicates a discount compared to an average of 18.74 for the Utilities subsector and a significant discount compared to the S&P 500 average of 27.95. Conducting a second comparison, its price-to-book ratio of 1.66 indicates a significant discount versus the S&P 500 average of 4.68 and a discount versus the subsector average of 1.98. The current price-to-sales ratio is below the S&P 500 average, but above the subsector average. Upon assessment of these and other key valuation criteria, AMEREN CORP proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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AEE 16.33 | Peers 18.74 | AEE 7.41 | Peers 8.50 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. AEE is trading at a discount to its peers. |
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. AEE is trading at a discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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AEE 14.52 | Peers 14.78 | AEE 2.99 | Peers 1.44 | |||||||||||||||||||||
Average. An average price-to-projected earnings ratio can signify an subsector neutral stock price and average future growth expectations. AEE is trading at a valuation on par with its peers. |
Premium. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. AEE trades at a significant premium to its peers. |
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Price/Book |
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Earnings Growth |
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AEE 1.66 | Peers 1.98 | AEE 5.55 | Peers 132.20 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. AEE is trading at a discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, AEE is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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AEE 2.53 | Peers 2.49 | AEE -5.75 | Peers 1.95 | |||||||||||||||||||||
Average. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. AEE is trading at a valuation on par with its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. AEE significantly trails its peers on the basis of sales growth. |
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