PCG : NYSE : Utilities
$68.87 -0.31 | -0.45%
Today's Range: 68.77 - 69.45
Avg. Daily Volume: 1982000.0
09/22/17 - 3:59 PM ET

Financial Analysis


PG&E CORP's gross profit margin for the second quarter of its fiscal year 2017 has significantly increased when compared to the same period a year ago. The company has grown its sales and net income during the past quarter when compared with the same quarter a year ago, and although its growth in net income has outpaced the industry average, its revenue growth has not. PG&E CORP has weak liquidity. Currently, the Quick Ratio is 0.54 which shows a lack of ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year.

During the same period, stockholders' equity ("net worth") has increased by 11.13% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the future.

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Income Statement Q2 FY17 Q2 FY16
Net Sales ($mil)4250.04169.0
EBITDA ($mil)1478.01061.0
EBIT ($mil)766.0362.0
Net Income ($mil)410.0210.0


Balance Sheet Q2 FY17 Q2 FY16
Cash & Equiv. ($mil)185.0424.0
Total Assets ($mil)70055.065927.0
Total Debt ($mil)18496.018214.0
Equity ($mil)18891.016998.0


Profitability Q2 FY17 Q2 FY16
Gross Profit Margin34.7825.45
EBITDA Margin34.7725.44
Operating Margin18.028.68
Sales Turnover0.260.26
Return on Assets2.961.16
Return on Equity10.914.43
Debt Q2 FY17 Q2 FY16
Current Ratio0.870.92
Debt/Capital0.490.52
Interest Expense225.0207.0
Interest Coverage3.41.75


Share Data Q2 FY17 Q2 FY16
Shares outstanding (mil)512.22498.14
Div / share0.530.49
EPS0.790.41
Book value / share36.8834.12
Institutional Own % n/a n/a
Avg Daily Volume2000992.02512070.0

Valuation


BUY. The current P/E ratio indicates a significant discount compared to an average of 27.92 for the Electric Utilities industry and a discount compared to the S&P 500 average of 24.88. For additional comparison, its price-to-book ratio of 1.90 indicates a discount versus the S&P 500 average of 3.10 and a discount versus the industry average of 2.04. The price-to-sales ratio is below both the S&P 500 average and the industry average, indicating a discount. Upon assessment of these and other key valuation criteria, PG&E CORP proves to trade at a discount to investment alternatives within the industry.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
PCG 17.22 Peers 27.92   PCG 6.67 Peers 8.86

Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations.

PCG is trading at a significant 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.

PCG is trading at a discount to its peers.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
PCG 18.30 Peers 19.36   PCG 0.54 Peers 2.26

Average. An average price-to-projected earnings ratio can signify an industry neutral stock price and average future growth expectations.

PCG is trading at a valuation on par with its peers.

 

Discount. 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.

PCG trades at a significant discount to its peers.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
PCG 1.90 Peers 2.04   PCG 166.01 Peers -4.09

Average. 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.

PCG is trading at a valuation on par with its peers.

 

Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

PCG is expected to have an earnings growth rate that significantly exceeds its peers.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
PCG 1.99 Peers 2.37   PCG 7.00 Peers 14.17

Discount. 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.

PCG is trading at a discount to its industry on this measurement.

 

Lower. A sales growth rate that trails the industry implies that a company is losing market share.

PCG significantly trails its peers on the basis of sales growth

 

 

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