Firstenergy Corp Intrinsic Value – FirstEnergy Corp. Stock Rises Thursday, But Still Lags Behind Market
December 24, 2023
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FIRSTENERGY ($NYSE:FE): On Thursday, the stocks of FirstEnergy Corp. saw an increase in value, yet were still unable to meet the market’s performance. FirstEnergy Corp. is a publicly-traded energy holding company located in Akron, Ohio. It is also involved in the generation and marketing of energy services throughout the United States.
Though the stock increased on Thursday, it still wasn’t enough for it to reach the performance of the market. This falls in line with the company’s overall trend this year, as its stocks have generally lagged behind the market’s.
Price History
Thursday’s trading session saw FIRSTENERGY CORP stock rise, albeit modestly. The stock opened at $36.5 and closed at $36.2, a decrease of 0.3% from the last closing price of 36.3. Despite this minor upturn, FIRSTENERGY CORP’s stock is still lagging behind the market as a whole.
The company has not seen significant gains and still has some way to go in order to catch up with its competitors. Analysts have yet to offer a definitive verdict on the future prospects of FIRSTENERGY CORP’s stock, but investors will be closely watching the company’s progress over the coming weeks in order to make informed decisions about their investments. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Firstenergy Corp. More…
| Total Revenues | Net Income | Net Margin |
| 12.9k | 524 | 4.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Firstenergy Corp. More…
| Operations | Investing | Financing |
| 1.27k | -3.55k | 2.14k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Firstenergy Corp. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 47.47k | 36.53k | 18.25 |
Key Ratios Snapshot
Some of the financial key ratios for Firstenergy Corp are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.7% | 20.1% | 19.9% |
| FCF Margin | ROE | ROA |
| -14.7% | 15.3% | 3.4% |
Analysis – Firstenergy Corp Intrinsic Value
At GoodWhale, we have conducted an analysis of FIRSTENERGY CORP‘s fundamentals, and the results show that the fair value of their share is around $41.2. This figure was calculated using our proprietary Valuation Line. This presents a great opportunity for investors who are looking for undervalued stocks. More…
Peers
FirstEnergy Corp is an electric utility company that serves customers in the Mid-Atlantic and Midwest United States. The company’s competitors include Fortis Inc, CenterPoint Energy Inc, and American Electric Power Co Inc.
– Fortis Inc ($TSX:FTS)
Fortis Inc. is a large holding company that owns several utilities companies across North America. It has a market cap of $24.59 billion as of 2022 and a return on equity of 8.51%. The company’s businesses include electricity generation, transmission and distribution, natural gas distribution, and power marketing. Fortis also owns a small but growing renewable energy business.
– CenterPoint Energy Inc ($NYSE:CNP)
CenterPoint Energy Inc is an energy delivery company. The Company operates in three segments: Electric Transmission & Distribution, Natural Gas Distribution and Pipeline & Field Services. It also provides other services to utilities and energy facilities.
– American Electric Power Co Inc ($NASDAQ:AEP)
American Electric Power Company, Inc. (AEP) is a public utility holding company that engages in the generation, transmission, and distribution of electricity in the United States. It is one of the largest electric utilities in the United States with more than 5 million customers. The company has a market capitalization of $44.13 billion as of 2022 and a return on equity of 10.57%. AEP’s operations are conducted through its subsidiaries, which include Appalachian Power Company, AEP Ohio, Indiana Michigan Power Company, Columbus Southern Power Company, and AEP Texas. The company generates electricity from coal, natural gas, nuclear, and renewable sources.
Summary
Investors in FirstEnergy Corp. (FE) saw a slight uptick in the stock’s price on Thursday, but the stock still underperformed broader market indices. Analysts believe this subpar performance could be due to the fact that the utilities company has yet to produce revenue growth and faces significant obstacles due to its large debt load.
Additionally, investors have been unnerved by the company’s potential involvement in a corruption scandal that is being investigated by the Securities and Exchange Commission. Despite these challenges, analysts remain optimistic that the company’s turnaround plan for reducing debt and increasing profitability will eventually lead to higher share prices. In the near term, investors should keep an eye on the SEC investigation, which could lead to further volatility.
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