CU Relative Valuation - Canadian Utilities Ltd

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Price: 45.59 CAD 2.11%

Market Cap: CA$9.4B

Relative Value

The Relative Value of one CU stock under the Base Case scenario is 74.52 CAD. Compared to the current market price of 45.59 CAD, Canadian Utilities Ltd is Undervalued by 39%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

What is Relative Valuation?

How is Relative Value calculated?

CU Relative Value

Base Case

Undervaluation 39%

Relative Value

Price

Worst Case

Base Case

Best Case

Valuation Multiples

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Multiples Across Competitors

All Multiples

P/S

P/E

EV/EBITDA

EV/EBIT

Forward Multiples

			Market Cap	P/S	P/E	EV/EBITDA	EV/EBIT
CA	C	Canadian Utilities Ltd TSX:CU	9.3B CAD	2.5	17.6	11	17.9
UK		National Grid PLC LSE:NG	66.3B GBP	3.8	23.3	13.6	20.3
FR		Engie SA PAR:ENGI	63.6B EUR	0.9	13	6.1	9.4
US		Sempra Energy NYSE:SRE	59.5B USD	4.4	28.5	16.2	29.8
DE		E.ON SE XETRA:EOAN	47.2B EUR	0.6	15.8	8.2	14.3
US		Dominion Energy Inc NYSE:D	55.2B USD	3.5	24.4	13.8	21.6
US	S	Sempra VSE:SREN	43.4B EUR	3.7	24.3	14.6	26.8
DE		RWE AG XETRA:RWE	37.8B EUR	1.8	16.7	8	19.8
US		Public Service Enterprise Group Inc NYSE:PEG	42B USD	3.6	20.4	14.8	22.2
US		Consolidated Edison Inc NYSE:ED	40.1B USD	2.4	20	12.8	22.8
DE		E ON SE MIL:EOAN	31.3B EUR	0.4	26.7	9.9	35.4

				Revenue Growth	P/S to Growth
CA	C	Canadian Utilities Ltd TSX:CU	Average P/S: 2.5 2.5	8%	0.3
UK		National Grid PLC LSE:NG	3.8	6%	0.6
FR		Engie SA PAR:ENGI	0.9	1%	0.9
US		Sempra Energy NYSE:SRE	4.4	3%	1.5
DE		E.ON SE XETRA:EOAN	0.6	5%	0.1
US		Dominion Energy Inc NYSE:D	3.5	8%	0.4
US	S	Sempra VSE:SREN	3.7	3%	1.2
DE		RWE AG XETRA:RWE	1.8	1%	1.8
US		Public Service Enterprise Group Inc NYSE:PEG	3.6	8%	0.5
US		Consolidated Edison Inc NYSE:ED	2.4	6%	0.4
DE		E ON SE MIL:EOAN	0.4	1%	0.4

				Earnings Growth	PEG
CA	C	Canadian Utilities Ltd TSX:CU	Average P/E: 21 17.6	12%	1.5
UK		National Grid PLC LSE:NG	23.3	18%	1.3
FR		Engie SA PAR:ENGI	13	6%	2.2
US		Sempra Energy NYSE:SRE	28.5	9%	3.2
DE		E.ON SE XETRA:EOAN	15.8	-9%	N/A
US		Dominion Energy Inc NYSE:D	24.4	18%	1.4
US	S	Sempra VSE:SREN	24.3	8%	3
DE		RWE AG XETRA:RWE	16.7	-24%	N/A
US		Public Service Enterprise Group Inc NYSE:PEG	20.4	10%	2
US		Consolidated Edison Inc NYSE:ED	20	9%	2.2
DE		E ON SE MIL:EOAN	26.7	77%	0.3

				EBITDA Growth	EV/EBITDA to Growth
CA	C	Canadian Utilities Ltd TSX:CU	Average EV/EBITDA: 11.7 11	15%	0.7
UK		National Grid PLC LSE:NG	13.6	12%	1.1
FR		Engie SA PAR:ENGI	6.1	0%	N/A
US		Sempra Energy NYSE:SRE	16.2	6%	2.7
DE		E.ON SE XETRA:EOAN	8.2	-8%	N/A
US		Dominion Energy Inc NYSE:D	13.8	13%	1.1
US	S	Sempra VSE:SREN	14.6	6%	2.4
DE		RWE AG XETRA:RWE	8	-7%	N/A
US		Public Service Enterprise Group Inc NYSE:PEG	14.8	14%	1.1
US		Consolidated Edison Inc NYSE:ED	12.8	11%	1.2
DE		E ON SE MIL:EOAN	9.9	-23%	N/A

				EBIT Growth	EV/EBIT to Growth
CA	C	Canadian Utilities Ltd TSX:CU	Average EV/EBIT: 21.8 17.9	-8%	N/A
UK		National Grid PLC LSE:NG	20.3	14%	1.4
FR		Engie SA PAR:ENGI	9.4	2%	4.7
US		Sempra Energy NYSE:SRE	29.8	8%	3.7
DE		E.ON SE XETRA:EOAN	14.3	-11%	N/A
US		Dominion Energy Inc NYSE:D	21.6	16%	1.4
US	S	Sempra VSE:SREN	26.8	8%	3.3
DE		RWE AG XETRA:RWE	19.8	-9%	N/A
US		Public Service Enterprise Group Inc NYSE:PEG	22.2	18%	1.2
US		Consolidated Edison Inc NYSE:ED	22.8	14%	1.6
DE		E ON SE MIL:EOAN	35.4	-30%	N/A

Canadian Utilities Ltd
TSX:CU

Relative Value

Valuation Multiples

Multiples Across Competitors

CU Competitors Multiples
Canadian Utilities Ltd Competitors

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Canadian Utilities Ltd TSX:CU

Relative Value

Valuation Multiples

Multiples Across Competitors

CU Competitors Multiples Canadian Utilities Ltd Competitors

See Also

Company

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Stocks

Canadian Utilities Ltd
TSX:CU

CU Competitors Multiples
Canadian Utilities Ltd Competitors