Consolidated Edison Inc (ED) vs Public Service Enterprise Group Incorporated (PEG)

Consolidated Edison Inc and Public Service Enterprise Group Incorporated are both Utilities Regulated Electric companies. Consolidated Edison Inc is the larger, with a market value of $44.8B against $36.4B — 1.2× the size. Consolidated Edison Inc trades at the lower P/E: 19.4× against 20.7×. Consolidated Edison Inc grew revenue faster over the last twelve months: 8.95% against 5.28%. Public Service Enterprise Group Incorporated has the higher net margin (14.3% vs 12.7%) and the lower return on invested capital (3.96% vs 3.99%). Both pay a dividend; Public Service Enterprise Group Incorporated yields more (3.61% vs 2.89%). Across the 22 metrics below, Consolidated Edison Inc leads on 15 and Public Service Enterprise Group Incorporated on 7.

Valuation

Metric ED PEG Utilities Regulated Electric median
P/E 19.36 20.66 19.45
P/S 2.49 2.95 2.78
P/B 1.71 2.09 1.82
Price to free cash flow n/m n/m 45.34
EV/EBITDA 12.57 13.96 12.40
EV/Sales 3.98 4.96 4.95
Earnings yield 5.16% 4.84% 5.12%
Free cash flow yield (2.11%) (1.10%) (5.93%)

Profitability

Metric ED PEG Utilities Regulated Electric median
Gross margin 0.00% 63.43% 62.00%
Operating margin 18.74% 21.63% 21.72%
Net margin 12.70% 14.31% 13.45%
Free cash flow margin 23.82% (1.40%) (11.71%)
Return on equity 9.10% 10.28% 9.94%
Return on assets 3.08% 3.01% 2.85%
Return on invested capital 3.99% 3.96% 3.95%

Growth

Metric ED PEG Utilities Regulated Electric median
Revenue growth (TTM) 8.95% 5.28% 7.78%
EPS growth (last fiscal year) 7.63% 19.21% 6.01%
Revenue growth, 5-year CAGR 6.68% 4.85% 6.72%
Net income growth, 5-year CAGR 12.94% 2.07% 6.50%

Health

Metric ED PEG Utilities Regulated Electric median
Debt to equity 1.02 1.48 1.54
Current ratio 1.18 1.01 0.88
Net debt to EBITDA 4.69 5.20 5.27

Dividend

Metric ED PEG Utilities Regulated Electric median
Dividend yield 2.89% 3.61% 3.16%
Payout ratio 0.56 0.75 0.63

Size

Metric ED PEG Utilities Regulated Electric median
Market cap 44.75b 36.44b 26.54b

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