American Electric Power Company, Inc. (AEP) vs Exelon Corporation (EXC)

American Electric Power Company, Inc. and Exelon Corporation are both Utilities Regulated Electric companies. American Electric Power Company, Inc. is the larger, with a market value of $64.1B against $41.4B — 1.5× the size. Exelon Corporation trades at the lower P/E: 14.8× against 20.3×. American Electric Power Company, Inc. grew revenue faster over the last twelve months: 10.3% against 6.57%. American Electric Power Company, Inc. has the higher net margin (13.8% vs 11.0%) and the lower return on invested capital (3.83% vs 4.18%). Both pay a dividend; American Electric Power Company, Inc. yields more (4.44% vs 4.33%). Across the 22 metrics below, American Electric Power Company, Inc. leads on 13 and Exelon Corporation on 9.

Valuation

Metric AEP EXC Utilities Regulated Electric median
P/E 20.30 14.78 18.84
P/S 2.83 1.63 2.52
P/B 1.93 1.39 1.63
Price to free cash flow n/m n/m 36.22
EV/EBITDA 13.15 10.01 11.82
EV/Sales 5.11 3.57 4.58
Earnings yield 4.93% 6.77% 5.30%
Free cash flow yield (3.81%) (4.63%) (5.06%)

Profitability

Metric AEP EXC Utilities Regulated Electric median
Gross margin 67.72% 63.53% 66.28%
Operating margin 23.00% 20.80% 21.79%
Net margin 13.78% 10.99% 12.94%
Free cash flow margin (10.78%) (7.56%) (11.51%)
Return on equity 9.78% 9.71% 9.75%
Return on assets 2.74% 2.40% 2.75%
Return on invested capital 3.83% 4.18% 3.87%

Growth

Metric AEP EXC Utilities Regulated Electric median
Revenue growth (TTM) 10.28% 6.57% 7.43%
EPS growth (last fiscal year) 19.64% 11.43% —
Revenue growth, 5-year CAGR 7.96% 7.80% 6.75%
Net income growth, 5-year CAGR 10.23% 7.11% 6.44%

Health

Metric AEP EXC Utilities Regulated Electric median
Debt to equity 1.59 1.73 1.53
Current ratio 0.50 1.09 0.81
Net debt to EBITDA 5.49 5.50 5.25

Dividend

Metric AEP EXC Utilities Regulated Electric median
Dividend yield 4.44% 4.33% 4.33%
Payout ratio 0.85 0.65 0.66

Size

Metric AEP EXC Utilities Regulated Electric median
Market cap 64.06b 41.44b 22.90b

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