Unternehmensübersicht
Public Service Enterprise Group Incorporated operates primarily within the United States, engaging in the transmission, distribution of electricity and natural gas, as well as nuclear generation through its PSE&G and PSEG Power segments. The entity is firmly situated in the Utilities sector, specifically classified under the Regulated Electric industry, which implies a business model subject to government oversight regarding rates and service obligations. With a market capitalization of $40.29B and annual revenue of $12.17B, the company demonstrates significant scale supported by an workforce of 13,189 employees. These valuation and revenue figures indicate that PEG functions as a substantial market participant, providing essential energy infrastructure services to a broad customer base while maintaining a financial footprint large enough to attract institutional capital.
Finanzielle Gesundheit
The company reported revenue of $12.17B and net income of $2.11B for the trailing twelve months, with EBITDA reaching $4.50B. The substantial gap between the $12.17B revenue and the $2.11B net income reveals a cost structure typical of capital-intensive utility operations, where operating expenses, depreciation, and interest obligations consume a significant portion of top-line earnings before arriving at profit. Free cash flow stands at $-105,000,000, indicating a period where capital expenditures exceeded operational cash generation, which limits immediate financial flexibility but is common during infrastructure investment cycles. The gross margin is 34.8%, reflecting the pricing power and cost efficiency in generating electricity and gas sales before direct costs. Operating margin is 18.1%, while profit margin is 17.3%, showing that after accounting for administrative and overhead expenses, the company retains a solid portion of sales as net profit. Total cash holdings of $132.00M are contrasted against total debt of $24.23B, resulting in a debt-to-equity ratio of 142.68, which characterizes a highly leveraged balance sheet consistent with the utility industry's need for heavy asset financing. The current ratio of 0.80 suggests that short-term liquid assets are insufficient to cover short-term liabilities without relying on operational cash flows or asset liquidation. Return on equity is 12.8% and return on assets is 3.4%, indicating that management generates a moderate return on shareholder equity relative to the high asset base required for utility operations.
Bewertungsanalyse
The trailing twelve-month P/E ratio is 19.13, while the forward P/E is projected at 17.12. The difference between these multiples implies that the market expects earnings growth in the future, as the forward multiple is lower than the trailing multiple, suggesting investors anticipate higher profitability in the coming year. The price-to-book ratio is 2.37, indicating that the market values the company at a significant premium over its net book value, reflecting the intangible value of regulated monopolies and regulated assets. The price-to-sales ratio is 3.31, and the EV/EBITDA stands at 14.29, which are alternative valuation metrics suggesting the stock is priced in line with peers for a regulated utility with strong cash conversion potential. The 52-week high is $91.26 and the 52-week low is $74.67, meaning the current price sits within this established trading range and reflects recent market sentiment regarding utility valuations. The beta value is 0.58, indicating that the stock exhibits low price volatility relative to the broader market, making it suitable for portfolios seeking stability rather than aggressive growth.
Growth & Income
Revenue growth year-over-year is 18.3%, while earnings growth year-over-year is 10.5%, meaning that earnings are growing at a slower pace than revenue, which typically occurs when gross margins face pressure or when volume growth drives top-line expansion faster than net income. For this dividend payer, the dividend yield is 3.3%, supported by a payout ratio of 59.7%, which suggests the dividend is sustainable given that the payout ratio is well below 100% and aligns with the profit margin of 17.3%. The company's ability to maintain a payout ratio of 59.7% while generating a net income of $2.11B indicates a conservative approach to capital allocation that prioritizes shareholder returns alongside debt servicing. Overall, the growth and income profile presents a utility stock with moderate earnings expansion and a reliable dividend stream supported by a high yield and a conservative payout policy.