Regulated Electric
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ES vs AEE
Revenue, margins, valuation, and 5-year total return — side by side.
Regulated Electric
ES vs AEE — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Regulated Electric | Regulated Electric |
| Market Cap | $25.19B | $30.09B |
| Revenue (TTM) | $13.93B | $8.88B |
| Net Income (TTM) | $1.75B | $1.52B |
| Gross Margin | 30.1% | 51.7% |
| Operating Margin | 77.4% | 24.0% |
| Forward P/E | 14.2x | 20.3x |
| Total Debt | $30.28B | $19.83B |
| Cash & Equiv. | $135M | $13M |
ES vs AEE — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Eversource Energy (ES) | 100 | 80.1 | -19.9% |
| Ameren Corporation (AEE) | 100 | 145.5 | +45.5% |
Price return only. Dividends and distributions are not included.
Quick Verdict: ES vs AEE
Each card shows where this stock fits in a portfolio — not just who wins on paper.
ES is the clearest fit if your priority is income & stability.
- Dividend streak 24 yrs, beta 0.27, yield 4.4%
- Lower P/E (14.2x vs 20.3x)
- 4.4% yield, 24-year raise streak, vs AEE's 2.6%
AEE carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.
- Rev growth 15.4%, EPS growth 21.0%, 3Y rev CAGR 3.4%
- 170.4% 10Y total return vs ES's 58.1%
- Lower volatility, beta 0.05, current ratio 0.66x
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 15.4% revenue growth vs ES's 13.8% | |
| Value | Lower P/E (14.2x vs 20.3x) | |
| Quality / Margins | 17.2% margin vs ES's 12.5% | |
| Stability / Safety | Beta 0.05 vs ES's 0.27, lower leverage | |
| Dividends | 4.4% yield, 24-year raise streak, vs AEE's 2.6% | |
| Momentum (1Y) | +12.6% vs AEE's +12.2% | |
| Efficiency (ROA) | 3.2% ROA vs ES's 0.0%, ROIC 4.7% vs 4.9% |
ES vs AEE — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
ES vs AEE — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
Evenly matched — ES and AEE each lead in 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
ES is the larger business by revenue, generating $13.9B annually — 1.6x AEE's $8.9B. Profitability is closely matched — net margins range from 17.2% (AEE) to 12.5% (ES). On growth, ES holds the edge at +9.4% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $13.9B | $8.9B |
| EBITDAEarnings before interest/tax | $4.7B | $3.7B |
| Net IncomeAfter-tax profit | $1.7B | $1.5B |
| Free Cash FlowCash after capex | $1.32T | -$1.3B |
| Gross MarginGross profit ÷ Revenue | +30.1% | +51.7% |
| Operating MarginEBIT ÷ Revenue | +77.4% | +24.0% |
| Net MarginNet income ÷ Revenue | +12.5% | +17.2% |
| FCF MarginFCF ÷ Revenue | +95.0% | -14.7% |
| Rev. Growth (YoY)Latest quarter vs prior year | +9.4% | +3.8% |
| EPS Growth (YoY)Latest quarter vs prior year | +7.3% | +19.6% |
Valuation Metrics
ES leads this category, winning 5 of 6 comparable metrics.
Valuation Metrics
At 14.7x trailing earnings, ES trades at a 28% valuation discount to AEE's 20.3x P/E. Adjusting for growth (PEG ratio), AEE offers better value at 2.30x vs ES's 2.86x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | ||
|---|---|---|
| Market CapShares × price | $25.2B | $30.1B |
| Enterprise ValueMkt cap + debt − cash | $55.3B | $49.9B |
| Trailing P/EPrice ÷ TTM EPS | 14.70x | 20.33x |
| Forward P/EPrice ÷ next-FY EPS est. | 14.22x | 20.25x |
| PEG RatioP/E ÷ EPS growth rate | 2.86x | 2.30x |
| EV / EBITDAEnterprise value multiple | 10.26x | 13.51x |
| Price / SalesMarket cap ÷ Revenue | 1.86x | 3.42x |
| Price / BookPrice ÷ Book value/share | 1.52x | 2.19x |
| Price / FCFMarket cap ÷ FCF | — | — |
Profitability & Efficiency
AEE leads this category, winning 6 of 8 comparable metrics.
Profitability & Efficiency
AEE delivers a 11.6% return on equity — every $100 of shareholder capital generates $12 in annual profit, vs $0 for ES. AEE carries lower financial leverage with a 1.47x debt-to-equity ratio, signaling a more conservative balance sheet compared to ES's 1.85x.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +0.0% | +11.6% |
| ROA (TTM)Return on assets | +0.0% | +3.2% |
| ROICReturn on invested capital | +4.9% | +4.7% |
| ROCEReturn on capital employed | +5.5% | +4.7% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 6 |
| Debt / EquityFinancial leverage | 1.85x | 1.47x |
| Net DebtTotal debt minus cash | $30.1B | $19.8B |
| Cash & Equiv.Liquid assets | $135M | $13M |
| Total DebtShort + long-term debt | $30.3B | $19.8B |
| Interest CoverageEBIT ÷ Interest expense | 2.40x | 2.61x |
Total Returns (Dividends Reinvested)
AEE leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in AEE five years ago would be worth $14,305 today (with dividends reinvested), compared to $9,604 for ES. Over the past 12 months, ES leads with a +12.6% total return vs AEE's +12.2%. The 3-year compound annual growth rate (CAGR) favors AEE at 9.5% vs ES's -0.5% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | -0.4% | +8.6% |
| 1-Year ReturnPast 12 months | +12.6% | +12.2% |
| 3-Year ReturnCumulative with dividends | -1.4% | +31.2% |
| 5-Year ReturnCumulative with dividends | -4.0% | +43.0% |
| 10-Year ReturnCumulative with dividends | +58.1% | +170.4% |
| CAGR (3Y)Annualised 3-year return | -0.5% | +9.5% |
Risk & Volatility
AEE leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
AEE is the less volatile stock with a 0.05 beta — it tends to amplify market swings less than ES's 0.27 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. AEE currently trades 94.1% from its 52-week high vs ES's 87.7% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.27x | 0.05x |
| 52-Week HighHighest price in past year | $76.41 | $115.58 |
| 52-Week LowLowest price in past year | $59.40 | $93.27 |
| % of 52W HighCurrent price vs 52-week peak | +87.7% | +94.1% |
| RSI (14)Momentum oscillator 0–100 | 45.6 | 43.7 |
| Avg Volume (50D)Average daily shares traded | 2.1M | 1.5M |
Analyst Outlook
ES leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates ES as "Hold" and AEE as "Hold". Consensus price targets imply 11.4% upside for AEE (target: $121) vs 10.4% for ES (target: $74). For income investors, ES offers the higher dividend yield at 4.39% vs AEE's 2.59%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Hold |
| Price TargetConsensus 12-month target | $74.00 | $121.11 |
| # AnalystsCovering analysts | 29 | 22 |
| Dividend YieldAnnual dividend ÷ price | +4.4% | +2.6% |
| Dividend StreakConsecutive years of raises | 24 | 16 |
| Dividend / ShareAnnual DPS | $2.94 | $2.82 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
AEE leads in 3 of 6 categories (Profitability & Efficiency, Total Returns). ES leads in 2 (Valuation Metrics, Analyst Outlook). 1 tied.
ES vs AEE: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is ES or AEE a better buy right now?
For growth investors, Ameren Corporation (AEE) is the stronger pick with 15.
4% revenue growth year-over-year, versus 13. 8% for Eversource Energy (ES). Eversource Energy (ES) offers the better valuation at 14. 7x trailing P/E (14. 2x forward), making it the more compelling value choice. Analysts rate Eversource Energy (ES) a "Hold" — based on 29 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — ES or AEE?
On trailing P/E, Eversource Energy (ES) is the cheapest at 14.
7x versus Ameren Corporation at 20. 3x. On forward P/E, Eversource Energy is actually cheaper at 14. 2x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Ameren Corporation wins at 2. 29x versus Eversource Energy's 2. 77x.
03Which is the better long-term investment — ES or AEE?
Over the past 5 years, Ameren Corporation (AEE) delivered a total return of +43.
0%, compared to -4. 0% for Eversource Energy (ES). Over 10 years, the gap is even starker: AEE returned +170. 4% versus ES's +58. 1%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — ES or AEE?
By beta (market sensitivity over 5 years), Ameren Corporation (AEE) is the lower-risk stock at 0.
05β versus Eversource Energy's 0. 27β — meaning ES is approximately 443% more volatile than AEE relative to the S&P 500. On balance sheet safety, Ameren Corporation (AEE) carries a lower debt/equity ratio of 147% versus 185% for Eversource Energy — giving it more financial flexibility in a downturn.
05Which is growing faster — ES or AEE?
By revenue growth (latest reported year), Ameren Corporation (AEE) is pulling ahead at 15.
4% versus 13. 8% for Eversource Energy (ES). On earnings-per-share growth, the picture is similar: Eversource Energy grew EPS 100. 9% year-over-year, compared to 21. 0% for Ameren Corporation. Over a 3-year CAGR, AEE leads at 3. 4% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — ES or AEE?
Ameren Corporation (AEE) is the more profitable company, earning 16.
5% net margin versus 12. 5% for Eversource Energy — meaning it keeps 16. 5% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: AEE leads at 23. 0% versus 22. 1% for ES. At the gross margin level — before operating expenses — ES leads at 30. 1%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is ES or AEE more undervalued right now?
The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.
By this metric, Ameren Corporation (AEE) is the more undervalued stock at a PEG of 2. 29x versus Eversource Energy's 2. 77x. Both stocks trade at elevated growth-adjusted valuations, so expected growth needs to materialise. On forward earnings alone, Eversource Energy (ES) trades at 14. 2x forward P/E versus 20. 3x for Ameren Corporation — 6. 0x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for AEE: 11. 4% to $121. 11.
08Which pays a better dividend — ES or AEE?
All stocks in this comparison pay dividends.
Eversource Energy (ES) offers the highest yield at 4. 4%, versus 2. 6% for Ameren Corporation (AEE).
09Is ES or AEE better for a retirement portfolio?
For long-horizon retirement investors, Ameren Corporation (AEE) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
05), 2. 6% yield, +170. 4% 10Y return). Both have compounded well over 10 years (AEE: +170. 4%, ES: +58. 1%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between ES and AEE?
Both stocks operate in the Utilities sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: ES is a mid-cap deep-value stock; AEE is a mid-cap high-growth stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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