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Edison International
NYSE:EIX

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Edison International Logo
Edison International
NYSE:EIX
Watchlist
Price: 70.73 USD 1.92% Market Closed
Updated: Mar 29, 2024

Intrinsic Value

Edison International is a renewable energy company, which through its subsidiaries, generates and distributes electric power, and invests in energy services and technologies. [ Read More ]

The intrinsic value of one EIX stock under the Base Case scenario is 121.52 USD. Compared to the current market price of 70.73 USD, Edison International is Undervalued by 42%.

Key Points:
EIX Intrinsic Value
Base Case
121.52 USD
Undervaluation 42%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Edison International

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Fundamental Analysis

Guided Strong Earnings Growth Despite Headwinds
2023-Q4 Earnings Call

Guided Strong Earnings Growth Despite Headwinds

In 2023, the company delivered core earnings per share (EPS) above the midpoint and committed to significant investments of $38 to $43 billion for grid improvements, emphasizing reliability and wildfire mitigation, with this spending pattern having previous approval records. The EPS for 2024 is estimated to be between $4.75 and $5.05, reflecting modest growth due to increased interest expenses from wildfire settlement-related debt, operational variance reductions, and some increased costs. However, the utility forecasts a strong 5% to 7% core EPS growth from 2021 through 2025, envisioning an uplift in 2025 EPS driven majorly by a rate base earnings increase of 11% to 14%. Notably, this growth is forecasted despite an approximately $325 million pretax interest expense dragging on earnings. Investors can expect minimal financing activities in 2024, maintained EPS growth targets of 5% to 7% through 2028, and potential upside from operational excellence initiatives and cost recovery endeavors.

Financials

Balance Sheet Decomposition
Edison International

Current Assets 6.8B
Cash & Short-Term Investments 345m
Receivables 2B
Other Current Assets 4.5B
Non-Current Assets 74.9B
Long-Term Investments 4.2B
PP&E 57.3B
Other Non-Current Assets 13.4B
Current Liabilities 8.6B
Accounts Payable 2B
Accrued Liabilities 120m
Short-Term Debt 1.1B
Other Current Liabilities 5.4B
Non-Current Liabilities 57.7B
Long-Term Debt 30.3B
Other Non-Current Liabilities 27.3B
Efficiency

Earnings Waterfall
Edison International

Revenue
16.3B USD
Cost of Revenue
-5.5B USD
Gross Profit
10.9B USD
Operating Expenses
-7.3B USD
Operating Income
3.5B USD
Other Expenses
-2.3B USD
Net Income
1.2B USD

Free Cash Flow Analysis
Edison International

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
Components
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Table
What is Free Cash Flow?
Fundamental Scores

EIX Profitability Score
Profitability Due Diligence

Edison International's profitability score is 47/100. The higher the profitability score, the more profitable the company is.

Positive Gross Profit
Positive Operating Income
Positive 3-Years Revenue Growth
Positive Revenue Growth Forecast
47/100
Profitability
Score

Edison International's profitability score is 47/100. The higher the profitability score, the more profitable the company is.

EIX Solvency Score
Solvency Due Diligence

Edison International's solvency score is 23/100. The higher the solvency score, the more solvent the company is.

Long-Term Solvency
Short-Term Solvency
High D/E
Positive Net Debt
23/100
Solvency
Score

Edison International's solvency score is 23/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

EIX Price Targets Summary
Edison International

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

According to Wall Street analysts, the average 1-year price target for EIX is 75.44 USD with a low forecast of 58.58 USD and a high forecast of 90.3 USD.

Lowest
Price Target
58.58 USD
17% Downside
Average
Price Target
75.44 USD
7% Upside
Highest
Price Target
90.3 USD
28% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

EIX Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
Why is insider trading important?

Shareholder Return

EIX Price
Edison International

1M 1M
+4%
6M 6M
+12%
1Y 1Y
+2%
3Y 3Y
+29%
5Y 5Y
+36%
10Y 10Y
+73%
Annual Price Range
70.73
52w Low
60.69
52w High
74.19
Price Metrics
Average Annual Return 6.15%
Standard Deviation of Annual Returns 17.19%
Max Drawdown -43%
Shares Statistics
Market Capitalization 27.3B USD
Shares Outstanding 384 524 000
Percentage of Shares Shorted 2.31%

EIX Return Decomposition
Main factors of price return

What is price return decomposition?

EIX News

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Company Profile

Edison International Logo
Edison International

Country

United States of America

Industry

Utilities

Market Cap

27.3B USD

Dividend Yield

4.48%

Description

Edison International is a renewable energy company, which through its subsidiaries, generates and distributes electric power, and invests in energy services and technologies. The company is headquartered in Rosemead, California and currently employs 13,003 full-time employees. The Company, through its subsidiaries, generates and distributes electric power, as well as provides energy services and technologies, including renewable energy. SCE is a public utility primarily engaged in the business of supplying and delivering electricity to an approximately 50,000 square mile area of southern California. SCE serves approximately 15 million customers across Southern, Central, and Coastal California. Edison Energy Group is an indirect wholly owned subsidiary of Edison International and a holding company for Edison Energy, LLC (Edison Energy) which is engaged in the competitive business of providing data driven energy solutions to commercial, institutional and industrial customers.

Contact

CALIFORNIA
Rosemead
PO Box 800, 2244 Walnut Grove Ave
+16263022222.0
https://www.edison.com/

IPO

1926-05-27

Employees

13 003

Officers

President, CEO & Director
Dr. Pedro J. Pizarro
Executive VP & CFO
Ms. Maria C. Rigatti
Senior Vice President of Corporate Affairs
Ms. Caroline Choi
President & CEO of SCE
Mr. Steven D. Powell
VP, Chief Accounting Officer & Controller
Ms. Kara Gostenhofer Ryan
Vice President of Investor Relations
Mr. Sam Ramraj
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VP & Chief Ethics & Compliance Officer
Ms. Marta I. Carreira Slabe
Vice President of Corporate Communications
Ms. Beth M. Foley
VP & Corporate Secretary
Ms. Alisa Do
VP & Treasurer
Mr. Brendan Bond
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See Also

Discover More
What is the Intrinsic Value of one EIX stock?

The intrinsic value of one EIX stock under the Base Case scenario is 121.52 USD.

Is EIX stock undervalued or overvalued?

Compared to the current market price of 70.73 USD, Edison International is Undervalued by 42%.