Constellation Energy Stock Fair Value – CONSTELLATION ENERGY Reports Third Quarter FY2023 Earnings Results
November 21, 2023
☀️Earnings Overview
CONSTELLATION ENERGY ($NASDAQ:CEG) reported total revenue of USD 6111.0 million for the third quarter of FY2023, ending on November 6 2023, a 1.0% increase year-on-year. Reported net income was USD 731.0 million, significantly higher than the previous year’s figure of -188.0 million. These financial results were reported on September 30 2023.
Price History
On Monday, CONSTELLATION ENERGY reported its third quarter FY2023 earnings results, and the stock opened at $119.0 before climbing to close at $124.7, representing a 6.5% increase from its prior closing price of $117.1. This impressive growth was attributed to investments in new projects, as well as improved operational efficiency and cost savings initiatives. The results have been received positively by investors, with the stock rising 6.5% on the news. This marks a positive sign for the future of CONSTELLATION ENERGY and could be a sign of further growth in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Constellation Energy. More…
| Total Revenues | Net Income | Net Margin |
| 26.45k | 1.69k | 3.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Constellation Energy. More…
| Operations | Investing | Financing |
| -4.54k | 3.41k | 1.8k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Constellation Energy. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 48.97k | 36.97k | 36.53 |
Key Ratios Snapshot
Some of the financial key ratios for Constellation Energy are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.9% | -42.7% | 10.6% |
| FCF Margin | ROE | ROA |
| -26.0% | 15.3% | 3.6% |
Analysis – Constellation Energy Stock Fair Value
We at GoodWhale have conducted an extensive analysis of CONSTELLATION ENERGY‘s fundamentals. After careful scrutiny of the company’s financials, our proprietary Valuation Line concluded that the true intrinsic value of CONSTELLATION ENERGY’s share is estimated to be around $89.3. However, the stock is currently trading at $124.7, which implies that it is overvalued by 39.6%. More…
Peers
Constellation Energy Corp is an electricity and gas supplier and one of the largest energy companies in the United States. Its competitors include Energy Vault Holdings Inc, China Southern Power Grid Energy Efficiency & Clean Energy Co Ltd, Nevo Energy Inc.
– Energy Vault Holdings Inc ($NYSE:NRGV)
As of 2022, Energy Vault Holdings Inc has a market cap of 627.66M and a Return on Equity of 43.81%. The company is a provider of energy storage solutions. Its products are based on a proprietary technology that uses gravity to store and release energy. The company’s products are designed to provide a cost-effective, scalable, and environmentally friendly solution to the challenges of storing energy.
– China Southern Power Grid Energy Efficiency & Clean Energy Co Ltd ($SZSE:003035)
China Southern Power Grid Energy Efficiency & Clean Energy Co Ltd is a power grid company that operates in the southern part of China. The company has a market capitalization of 22.65 billion as of 2022 and a return on equity of 9.23%. The company is involved in the generation, transmission, and distribution of electricity. The company also provides energy efficiency and clean energy solutions.
– Nevo Energy Inc ($OTCPK:NEVE)
Nevo Energy Inc is a Canadian renewable energy company with a focus on solar power generation. It has a market cap of 746.77k as of 2022 and a return on equity of 19.78%. The company has a strong focus on solar power and has a portfolio of solar projects in the works. It is also involved in the development of new solar technology.
Summary
Investors in Constellation Energy saw a positive return from the third quarter of FY2023, with total revenue increasing 1.0% year-on-year to USD 6111.0 million and net income reaching USD 731.0 million, a significant improvement from the year prior of -188.0 million. The stock price reacted positively to these news, making it a potentially attractive investment option for those looking to increase their exposure to the energy sector. Furthermore, the company’s forward outlook remains strong as it continues to capitalise on its strong position in the market. Investors should carefully consider the risks and potential rewards of investing in Constellation Energy before making any decisions.
