Loading...

ALLETE Inc
NYSE:ALE

Watchlist Manager
ALLETE Inc Logo
ALLETE Inc
NYSE:ALE
Watchlist
Price: 63.3 USD +4.15% Market Closed
Updated: Mar 25, 2023

Intrinsic Value

The intrinsic value of one ALE stock under the Base Case scenario is 80.8 USD. Compared to the current market price of 63.3 USD, ALLETE Inc is Undervalued by 22%.

The Intrinsic Value is calculated as the average of the two valuation methods:

ALE Intrinsic Value
Base Case
80.8 USD
Undervaluation 22%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Fundamental Analysis

ALE Profitability Score
Profitability Due Diligence

There is not enough data to calculate the Profitability Score for ALLETE Inc.

N/A
Profitability
Score

ALE Solvency Score
Solvency Due Diligence

There is not enough data to calculate the solvency score for ALLETE Inc.

N/A
Solvency
Score
Financials

Balance Sheet Decomposition
ALLETE Inc

Current Assets 718M
Cash & Short-Term Investments 36.4M
Receivables 138M
Other Current Assets 544M
Non-Current Assets 6.1B
Long-Term Investments 323M
PP&E 5B
Intangibles 156M
Other Non-Current Assets 614M
Current Liabilities 716M
Accounts Payable 103M
Accrued Liabilities 23.7M
Other Current Liabilities 590M
Non-Current Liabilities 3.4B
Long-Term Debt 1.6B
Other Non-Current Liabilities 1.8B
Efficiency
88%
Gross Margin
9%
Operating Margin
12%
Net Margin
0%
FCF Margin
Other

ALE Capital Structure
ALLETE Inc

Market Capitalization 3.6B USD
Total Debt 1.6B USD
Minority Interest 656M USD
Preferred Equity 0 USD
Cash and Equivalents 36.4M USD
Short-Term Investments 0 USD
Enterprise Value 5.9B USD

Wall St
Price Targets

ALE Price Targets Summary
ALLETE Inc

Wall Street analysts forecast ALE stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for ALE is 67.15 USD with a low forecast of 54.54 USD and a high forecast of 84 USD.

Lowest
Price Target
54.54 USD
14% Downside
Average
Price Target
67.15 USD
6% Upside
Highest
Price Target
84 USD
33% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

ALE Competitors
ALLETE Inc

ALE Suppliers & Customers
ALLETE Inc

Suppliers Map
Customers Map

Ownership

ALE Insider Trading
Buy and sell transactions by insiders

ALLETE Inc insiders have not made purchase/sale transactions in the past 12 months.

During the last 12 months ALLETE Inc insiders have not bought any shares, and have not sold any shares. The last transaction was made on Mar 25, 2023 by Jimmerson Heidi E (Director), who sold 226k USD worth of ALE shares.

Sold
0-3
months
0 USD
0
3-6
months
0 USD
0
6-9
months
0 USD
0
9-12
months
0 USD
0
Bought
0-3
months
No Insider Transactions
0
0 USD
3-6
months
No Insider Transactions
0
0 USD
6-9
months
No Insider Transactions
0
0 USD
9-12
months
No Insider Transactions
0
0 USD
Cumulative Transactions Amount
Period Sold Bought Net
3 Months
N/A
N/A
N/A
6 Months
N/A
N/A
N/A
9 Months
N/A
N/A
N/A
12 Months
N/A
N/A
N/A
Purchases
14
Sales
120
No transactions found
Why is insider trading important?

Shareholder Return

ALE Return Decomposition
Main factors of price return

Market capitalization of ALE shares increased by 17.35% over the past 5 years. The primary factor behind the change was an increase in revenue growth from 1.4B to 1.6B, leading to a growth in the market capitalization of ALLETE Inc by 11.41%.

Market capitalization of ALE shares increased by 17.35% over the past 5 years. The primary factor behind the change was an increase in revenue growth from 1.4B to 1.6B, leading to a growth in the market capitalization of ALLETE Inc by 11.41%.

+17.35%
3.1B 3.6B
Market Cap Growth
+8.34%
17.7 19.1
P/E Change
+9.01%
174M 189M
Earnings Growth
Market Cap Growth
+17.35%
P/E Change
+8.34%
Earnings Growth
+9.01%
What is price return decomposition?

ALE Price
ALLETE Inc

1M 1M
+3%
6M 6M
+16%
1Y 1Y
-2%
3Y 3Y
+22%
5Y 5Y
+5%
Annual Price Range
63.3
52w Low
48.18
52w High
66.93
Price Metrics
Average Annual Return 2.58%
Standard Deviation of Annual Returns 15.61%
Max Drawdown -42%
Shares Statistics
Market Capitalization 3.6B USD
Shares Outstanding 57 252 900
Percentage of Shares Shorted 2.06%

Company Profile

ALLETE Inc Logo
ALLETE Inc

Country

United States of America

Industry

Utilities

Market Cap

3.6B USD

Dividend Yield

4.11%

Description

ALLETE, Inc. engages in the provision of electric and natural gas utility services. The company is headquartered in Duluth, Minnesota and currently employs 1,340 full-time employees. The Company’s segments include Regulated Operations and ALLETE Clean Energy. Regulated Operations includes regulated utilities, Minnesota Power and SWL&P, as well as investment in ATC, a Wisconsin-based regulated utility that owns and maintains electric transmission assets in portions of Wisconsin, Michigan, Minnesota and Illinois. Minnesota Power provides regulated utility electric service in northeastern Minnesota to approximately 150,000 retail customers. ALLETE Clean Energy is focused on developing, acquiring, and operating clean and renewable energy projects. In addition, ALLETE Clean Energy segment has approximately 200 megawatts of wind energy facilities. ALLETE Clean Energy also engages in the development of wind energy facilities to operate under long-term power sales agreements (PSAs).

Contact

MINNESOTA
Duluth
30 W Superior St
+12182795000.0
https://www.allete.com/

IPO

1981-05-22

Employees

1 340

Officers

Chairman & CEO
Ms. Bethany M. Owen
Sr. VP & CFO
Mr. Steven Wayne Morris
VP, Chief Legal Officer & Corp. Sec.
Ms. Margaret A. Thickens
Pres
Mr. Josh Kunkel
VP of Investor Relations
Mr. Vincent J. Meyer
Director of Corp. Devel.
Jeffrey Scissons
Show More
VP & Corp. Treasurer
Mr. Patrick L. Cutshall C.F.A., CPA, CPA, CFA
Pres of Superior Water, Light & Power
Mr. Rob Sandstrom
Pres & CEO of New Energy Equity
Mr. Matthew Hankey
VP of Customer Experience- Minnesota Power
Mr. Frank Frederickson
Show Less

See Also

Similar Stocks
What is the Intrinsic Value of one ALE stock?

The intrinsic value of one ALE stock under the Base Case scenario is 80.8 USD.

Is ALE stock undervalued or overvalued?

Compared to the current market price of 63.3 USD, ALLETE Inc is Undervalued by 22%.