Intrinsic value of Consolidated Edison Inc - ED

Previous Close

$87.20

  Intrinsic Value

$15.34

stock screener

  Rating & Target

str. sell

-82%

Previous close

$87.20

 
Intrinsic value

$15.34

 
Up/down potential

-82%

 
Rating

str. sell

We calculate the intrinsic value of ED stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 28.0

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  2.00
  2.30
  2.57
  2.81
  3.03
  3.23
  3.41
  3.57
  3.71
  3.84
  3.95
  4.06
  4.15
  4.24
  4.31
  4.38
  4.44
  4.50
  4.55
  4.59
  4.64
  4.67
  4.70
  4.73
  4.76
  4.78
  4.81
  4.83
  4.84
  4.86
Revenue, $m
  12,584
  12,873
  13,204
  13,575
  13,987
  14,439
  14,930
  15,463
  16,036
  16,651
  17,310
  18,012
  18,760
  19,555
  20,399
  21,293
  22,239
  23,240
  24,297
  25,414
  26,592
  27,834
  29,143
  30,523
  31,976
  33,506
  35,116
  36,811
  38,594
  40,469
Variable operating expenses, $m
  9,673
  9,890
  10,139
  10,418
  10,728
  11,068
  11,437
  11,838
  12,269
  12,732
  13,017
  13,546
  14,108
  14,706
  15,341
  16,013
  16,724
  17,477
  18,272
  19,112
  19,998
  20,932
  21,917
  22,954
  24,047
  25,197
  26,408
  27,683
  29,023
  30,434
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  9,673
  9,890
  10,139
  10,418
  10,728
  11,068
  11,437
  11,838
  12,269
  12,732
  13,017
  13,546
  14,108
  14,706
  15,341
  16,013
  16,724
  17,477
  18,272
  19,112
  19,998
  20,932
  21,917
  22,954
  24,047
  25,197
  26,408
  27,683
  29,023
  30,434
Operating income, $m
  2,911
  2,983
  3,065
  3,157
  3,259
  3,371
  3,493
  3,625
  3,767
  3,920
  4,292
  4,467
  4,652
  4,849
  5,058
  5,280
  5,515
  5,763
  6,025
  6,302
  6,594
  6,902
  7,227
  7,569
  7,929
  8,309
  8,708
  9,128
  9,570
  10,035
EBITDA, $m
  4,564
  4,669
  4,789
  4,924
  5,073
  5,237
  5,415
  5,608
  5,816
  6,040
  6,278
  6,533
  6,805
  7,093
  7,399
  7,723
  8,066
  8,429
  8,813
  9,218
  9,645
  10,096
  10,571
  11,071
  11,598
  12,153
  12,737
  13,352
  13,998
  14,678
Interest expense (income), $m
  664
  1,118
  973
  1,034
  1,104
  1,183
  1,270
  1,366
  1,471
  1,584
  1,705
  1,836
  1,976
  2,125
  2,284
  2,452
  2,631
  2,821
  3,022
  3,234
  3,459
  3,696
  3,946
  4,209
  4,487
  4,780
  5,088
  5,413
  5,755
  6,114
  6,493
Earnings before tax, $m
  1,793
  2,010
  2,031
  2,053
  2,076
  2,100
  2,127
  2,154
  2,183
  2,214
  2,456
  2,491
  2,527
  2,566
  2,606
  2,649
  2,694
  2,741
  2,791
  2,843
  2,898
  2,957
  3,018
  3,082
  3,149
  3,220
  3,295
  3,373
  3,456
  3,542
Tax expense, $m
  484
  543
  548
  554
  560
  567
  574
  582
  590
  598
  663
  673
  682
  693
  704
  715
  727
  740
  754
  768
  783
  798
  815
  832
  850
  869
  890
  911
  933
  956
Net income, $m
  1,309
  1,467
  1,482
  1,498
  1,515
  1,533
  1,552
  1,573
  1,594
  1,616
  1,793
  1,818
  1,845
  1,873
  1,902
  1,934
  1,966
  2,001
  2,037
  2,076
  2,116
  2,158
  2,203
  2,250
  2,299
  2,351
  2,405
  2,463
  2,523
  2,586

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  54,951
  56,215
  57,659
  59,281
  61,079
  63,051
  65,198
  67,522
  70,026
  72,714
  75,589
  78,657
  81,923
  85,395
  89,078
  92,982
  97,114
  101,484
  106,101
  110,976
  116,120
  121,545
  127,263
  133,288
  139,633
  146,314
  153,347
  160,746
  168,531
  176,720
Adjusted assets (=assets-cash), $m
  54,951
  56,215
  57,659
  59,281
  61,079
  63,051
  65,198
  67,522
  70,026
  72,714
  75,589
  78,657
  81,923
  85,395
  89,078
  92,982
  97,114
  101,484
  106,101
  110,976
  116,120
  121,545
  127,263
  133,288
  139,633
  146,314
  153,347
  160,746
  168,531
  176,720
Revenue / Adjusted assets
  0.229
  0.229
  0.229
  0.229
  0.229
  0.229
  0.229
  0.229
  0.229
  0.229
  0.229
  0.229
  0.229
  0.229
  0.229
  0.229
  0.229
  0.229
  0.229
  0.229
  0.229
  0.229
  0.229
  0.229
  0.229
  0.229
  0.229
  0.229
  0.229
  0.229
Average production assets, $m
  41,149
  42,095
  43,177
  44,392
  45,737
  47,214
  48,822
  50,563
  52,438
  54,450
  56,603
  58,900
  61,346
  63,946
  66,704
  69,628
  72,722
  75,994
  79,452
  83,102
  86,954
  91,017
  95,299
  99,810
  104,562
  109,565
  114,830
  120,372
  126,201
  132,333
Working capital, $m
  -138
  -142
  -145
  -149
  -154
  -159
  -164
  -170
  -176
  -183
  -190
  -198
  -206
  -215
  -224
  -234
  -245
  -256
  -267
  -280
  -293
  -306
  -321
  -336
  -352
  -369
  -386
  -405
  -425
  -445
Total debt, $m
  18,013
  19,150
  20,450
  21,910
  23,528
  25,302
  27,235
  29,327
  31,581
  33,999
  36,587
  39,348
  42,288
  45,412
  48,727
  52,241
  55,960
  59,893
  64,048
  68,436
  73,065
  77,948
  83,094
  88,516
  94,227
  100,240
  106,569
  113,229
  120,235
  127,605
Total liabilities, $m
  49,456
  50,593
  51,893
  53,353
  54,971
  56,745
  58,678
  60,770
  63,024
  65,442
  68,030
  70,791
  73,731
  76,855
  80,170
  83,684
  87,403
  91,336
  95,491
  99,879
  104,508
  109,391
  114,537
  119,959
  125,670
  131,683
  138,012
  144,672
  151,678
  159,048
Total equity, $m
  5,495
  5,621
  5,766
  5,928
  6,108
  6,305
  6,520
  6,752
  7,003
  7,271
  7,559
  7,866
  8,192
  8,539
  8,908
  9,298
  9,711
  10,148
  10,610
  11,098
  11,612
  12,155
  12,726
  13,329
  13,963
  14,631
  15,335
  16,075
  16,853
  17,672
Total liabilities and equity, $m
  54,951
  56,214
  57,659
  59,281
  61,079
  63,050
  65,198
  67,522
  70,027
  72,713
  75,589
  78,657
  81,923
  85,394
  89,078
  92,982
  97,114
  101,484
  106,101
  110,977
  116,120
  121,546
  127,263
  133,288
  139,633
  146,314
  153,347
  160,747
  168,531
  176,720
Debt-to-equity ratio
  3.280
  3.410
  3.550
  3.700
  3.850
  4.010
  4.180
  4.340
  4.510
  4.680
  4.840
  5.000
  5.160
  5.320
  5.470
  5.620
  5.760
  5.900
  6.040
  6.170
  6.290
  6.410
  6.530
  6.640
  6.750
  6.850
  6.950
  7.040
  7.130
  7.220
Adjusted equity ratio
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  1,309
  1,467
  1,482
  1,498
  1,515
  1,533
  1,552
  1,573
  1,594
  1,616
  1,793
  1,818
  1,845
  1,873
  1,902
  1,934
  1,966
  2,001
  2,037
  2,076
  2,116
  2,158
  2,203
  2,250
  2,299
  2,351
  2,405
  2,463
  2,523
  2,586
Depreciation, amort., depletion, $m
  1,653
  1,686
  1,724
  1,767
  1,814
  1,866
  1,922
  1,984
  2,049
  2,120
  1,986
  2,067
  2,153
  2,244
  2,341
  2,443
  2,552
  2,666
  2,788
  2,916
  3,051
  3,194
  3,344
  3,502
  3,669
  3,844
  4,029
  4,224
  4,428
  4,643
Funds from operations, $m
  2,962
  3,154
  3,207
  3,265
  3,330
  3,399
  3,475
  3,556
  3,643
  3,736
  3,779
  3,885
  3,997
  4,117
  4,243
  4,377
  4,518
  4,667
  4,825
  4,991
  5,167
  5,352
  5,547
  5,752
  5,968
  6,195
  6,434
  6,686
  6,951
  7,229
Change in working capital, $m
  -3
  -3
  -4
  -4
  -5
  -5
  -5
  -6
  -6
  -7
  -7
  -8
  -8
  -9
  -9
  -10
  -10
  -11
  -12
  -12
  -13
  -14
  -14
  -15
  -16
  -17
  -18
  -19
  -20
  -21
Cash from operations, $m
  2,965
  3,157
  3,210
  3,270
  3,334
  3,404
  3,480
  3,562
  3,650
  3,743
  3,787
  3,893
  4,006
  4,125
  4,252
  4,387
  4,528
  4,678
  4,837
  5,004
  5,180
  5,365
  5,561
  5,767
  5,984
  6,212
  6,452
  6,705
  6,970
  7,250
Maintenance CAPEX, $m
  -1,415
  -1,444
  -1,477
  -1,515
  -1,558
  -1,605
  -1,657
  -1,713
  -1,774
  -1,840
  -1,911
  -1,986
  -2,067
  -2,153
  -2,244
  -2,341
  -2,443
  -2,552
  -2,666
  -2,788
  -2,916
  -3,051
  -3,194
  -3,344
  -3,502
  -3,669
  -3,844
  -4,029
  -4,224
  -4,428
New CAPEX, $m
  -811
  -946
  -1,082
  -1,215
  -1,346
  -1,477
  -1,608
  -1,741
  -1,875
  -2,012
  -2,153
  -2,297
  -2,446
  -2,600
  -2,758
  -2,923
  -3,094
  -3,272
  -3,458
  -3,651
  -3,852
  -4,062
  -4,282
  -4,512
  -4,752
  -5,003
  -5,266
  -5,541
  -5,830
  -6,132
Cash from investing activities, $m
  -2,226
  -2,390
  -2,559
  -2,730
  -2,904
  -3,082
  -3,265
  -3,454
  -3,649
  -3,852
  -4,064
  -4,283
  -4,513
  -4,753
  -5,002
  -5,264
  -5,537
  -5,824
  -6,124
  -6,439
  -6,768
  -7,113
  -7,476
  -7,856
  -8,254
  -8,672
  -9,110
  -9,570
  -10,054
  -10,560
Free cash flow, $m
  738
  767
  652
  540
  431
  323
  216
  108
  0
  -109
  -277
  -391
  -507
  -627
  -750
  -877
  -1,009
  -1,145
  -1,287
  -1,435
  -1,588
  -1,748
  -1,914
  -2,088
  -2,270
  -2,460
  -2,658
  -2,866
  -3,083
  -3,310
Issuance/(repayment) of debt, $m
  -2,698
  1,137
  1,300
  1,460
  1,618
  1,775
  1,933
  2,092
  2,254
  2,419
  2,588
  2,761
  2,940
  3,124
  3,315
  3,513
  3,719
  3,933
  4,156
  4,388
  4,630
  4,882
  5,146
  5,422
  5,711
  6,013
  6,329
  6,660
  7,006
  7,370
Issuance/(repurchase) of shares, $m
  2,420
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  -278
  1,137
  1,300
  1,460
  1,618
  1,775
  1,933
  2,092
  2,254
  2,419
  2,588
  2,761
  2,940
  3,124
  3,315
  3,513
  3,719
  3,933
  4,156
  4,388
  4,630
  4,882
  5,146
  5,422
  5,711
  6,013
  6,329
  6,660
  7,006
  7,370
Total cash flow (excl. dividends), $m
  460
  1,904
  1,952
  2,000
  2,048
  2,098
  2,148
  2,200
  2,254
  2,310
  2,311
  2,370
  2,433
  2,498
  2,565
  2,636
  2,710
  2,787
  2,868
  2,953
  3,042
  3,135
  3,232
  3,334
  3,441
  3,553
  3,671
  3,794
  3,924
  4,060
Retained Cash Flow (-), $m
  -3,729
  -126
  -144
  -162
  -180
  -197
  -215
  -232
  -250
  -269
  -288
  -307
  -327
  -347
  -368
  -390
  -413
  -437
  -462
  -488
  -514
  -542
  -572
  -602
  -635
  -668
  -703
  -740
  -778
  -819
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  -3,269
  1,778
  1,807
  1,838
  1,868
  1,900
  1,934
  1,968
  2,004
  2,041
  2,023
  2,064
  2,106
  2,151
  2,197
  2,246
  2,297
  2,350
  2,407
  2,465
  2,527
  2,592
  2,660
  2,731
  2,806
  2,885
  2,968
  3,054
  3,145
  3,241
Discount rate, %
  12.20
  12.81
  13.45
  14.12
  14.83
  15.57
  16.35
  17.17
  18.02
  18.93
  19.87
  20.87
  21.91
  23.00
  24.16
  25.36
  26.63
  27.96
  29.36
  30.83
  32.37
  33.99
  35.69
  37.47
  39.35
  41.31
  43.38
  45.55
  47.83
  50.22
PV of cash for distribution, $m
  -2,913
  1,397
  1,238
  1,083
  936
  798
  670
  554
  451
  361
  275
  212
  160
  118
  86
  60
  41
  28
  18
  11
  7
  4
  2
  1
  1
  0
  0
  0
  0
  0
Current shareholders' claim on cash, %
  87.9
  87.9
  87.9
  87.9
  87.9
  87.9
  87.9
  87.9
  87.9
  87.9
  87.9
  87.9
  87.9
  87.9
  87.9
  87.9
  87.9
  87.9
  87.9
  87.9
  87.9
  87.9
  87.9
  87.9
  87.9
  87.9
  87.9
  87.9
  87.9
  87.9

Consolidated Edison, Inc. (Con Edison) is a holding company. The Company operates through its subsidiaries, which include Consolidated Edison Company of New York, Inc. (CECONY), Orange and Rockland Utilities, Inc. (O&R), Con Edison Clean Energy Businesses, Inc. (the Clean Energy Businesses) and Con Edison Transmission, Inc. (Con Edison Transmission). CECONY's principal business operations are its regulated electric, gas and steam delivery businesses. CECONY provides electricity, natural gas and steam to customers in New York City and Westchester County. O&R's principal business operations are its regulated electric and gas delivery businesses. The Clean Energy Businesses develop, own and operate renewable and energy infrastructure projects and provide energy-related products and services to wholesale and retail customers. Con Edison Transmission, through its subsidiaries, invests in electric transmission facilities and gas pipeline and storage facilities.

FINANCIAL RATIOS  of  Consolidated Edison Inc (ED)

Valuation Ratios
P/E Ratio 21.4
Price to Sales 2.2
Price to Book 1.9
Price to Tangible Book
Price to Cash Flow 7.7
Price to Free Cash Flow -15.7
Growth Rates
Sales Growth Rate -3.8%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 53.8%
Cap. Spend. - 3 Yr. Gr. Rate 13.7%
Financial Strength
Quick Ratio 1
Current Ratio 0.2
LT Debt to Equity 103.1%
Total Debt to Equity 110.7%
Interest Coverage 4
Management Effectiveness
Return On Assets 3.6%
Ret/ On Assets - 3 Yr. Avg. 3.5%
Return On Total Capital 4.3%
Ret/ On T. Cap. - 3 Yr. Avg. 4.4%
Return On Equity 9.1%
Return On Equity - 3 Yr. Avg. 9.1%
Asset Turnover 0.3
Profitability Ratios
Gross Margin 0%
Gross Margin - 3 Yr. Avg. 0%
EBITDA Margin 31.7%
EBITDA Margin - 3 Yr. Avg. 28.4%
Operating Margin 21.3%
Oper. Margin - 3 Yr. Avg. 19.1%
Pre-Tax Margin 16.1%
Pre-Tax Margin - 3 Yr. Avg. 14.4%
Net Profit Margin 10.3%
Net Profit Margin - 3 Yr. Avg. 9.4%
Effective Tax Rate 35.9%
Eff/ Tax Rate - 3 Yr. Avg. 34.6%
Payout Ratio 61.3%

ED stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the ED stock intrinsic value calculation we used $12337 million for the last fiscal year's total revenue generated by Consolidated Edison Inc. The default revenue input number comes from 0001 income statement of Consolidated Edison Inc. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our ED stock valuation model: a) initial revenue growth rate of 2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 12.2%, whose default value for ED is calculated based on our internal credit rating of Consolidated Edison Inc, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Consolidated Edison Inc.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of ED stock the variable cost ratio is equal to 76.9%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for ED stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for Consolidated Edison Inc.

Corporate tax rate of 27% is the nominal tax rate for Consolidated Edison Inc. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the ED stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for ED are equal to 327%.

Life of production assets of 28.5 years is the average useful life of capital assets used in Consolidated Edison Inc operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for ED is equal to -1.1%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $1766 million for Consolidated Edison Inc - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 321.075 million for Consolidated Edison Inc is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Consolidated Edison Inc at the current share price and the inputted number of shares is $28.0 billion.

RELATED COMPANIES Price Int.Val. Rating
AGR Avangrid, Inc. 49.27 9.43  str.sell
ES Eversource Ene 78.64 31.15  str.sell
FE FirstEnergy Co 44.68 35.51  hold
GNE Genie Energy L 7.15 3.45  str.sell
EXC Exelon Corpora 45.13 24.59  str.sell

CONTACT US      

About X-FIN       Privacy policy       Terms of use      

Copyright © X-FIN.com 2005-2019. All rigths reserved.