(FE) FirstEnergy - Ratings and Ratios
Electricity, Transmission, Distribution, Generation
FE EPS (Earnings per Share)
FE Revenue
Description: FE FirstEnergy
FirstEnergy Corp. (NYSE: FE) is a vertically integrated electric utility that generates, transmits, and distributes electricity across six states-Ohio, Pennsylvania, New Jersey, West Virginia, Maryland, and New York. The firm operates three business segments: Distribution, Integrated (generation + distribution), and Stand-Alone Transmission, managing roughly 252,244 miles of distribution lines and 24,143 miles of transmission lines, both overhead and underground.
Its generation mix includes coal, nuclear, hydroelectric, wind, and solar assets, with an estimated 5.2 GW of total capacity as of the end of 2023. According to the latest 10-K, regulated revenue grew ~2 % YoY in FY 2023, driven largely by modest rate case approvals from state utility commissions and inflation-linked cost adjustments.
Key performance indicators that analysts watch include the Distribution-per-Unit (DPU) growth of 1.8 % in the most recent quarter and a net debt-to-EBITDA ratio of about 3.2×, reflecting the capital-intensive nature of utility infrastructure. The company’s earnings-before-interest-and-taxes (EBIT) margin hovered near 12 % in FY 2023, consistent with the broader regulated-utility sector, where stable cash flows are offset by modest growth prospects.
Sector-wide drivers such as the U.S. push toward decarbonization, ongoing Federal Energy Regulatory Commission (FERC) reforms, and the prevailing high-interest-rate environment influence FirstEnergy’s strategic focus on renewable-energy investments and cost-of-capital management. If these macro trends accelerate, FE’s capital-allocation decisions-particularly in wind and solar projects-could materially affect its long-term earnings trajectory.
For a deeper quantitative view of FE’s valuation metrics and scenario analysis, the ValueRay platform offers a useful starting point.
FE Stock Overview
| Market Cap in USD | 26,953m |
| Sub-Industry | Electric Utilities |
| IPO / Inception | 1997-11-10 |
FE Stock Ratings
| Growth Rating | 67.5% |
| Fundamental | 46.9% |
| Dividend Rating | 65.4% |
| Return 12m vs S&P 500 | -2.76% |
| Analyst Rating | 3.61 of 5 |
FE Dividends
| Dividend Yield 12m | 4.65% |
| Yield on Cost 5y | 8.50% |
| Annual Growth 5y | 1.95% |
| Payout Consistency | 95.1% |
| Payout Ratio | 64.9% |
FE Growth Ratios
| Growth Correlation 3m | 82.5% |
| Growth Correlation 12m | 60.3% |
| Growth Correlation 5y | 80.6% |
| CAGR 5y | 13.66% |
| CAGR/Max DD 3y (Calmar Ratio) | 0.62 |
| CAGR/Mean DD 3y (Pain Ratio) | 2.21 |
| Sharpe Ratio 12m | 0.92 |
| Alpha | 2.49 |
| Beta | 0.498 |
| Volatility | 14.02% |
| Current Volume | 4005.8k |
| Average Volume 20d | 4724.1k |
| Stop Loss | 45.5 (-3.1%) |
| Signal | 0.24 |
Piotroski VR‑10 (Strict, 0-10) 3.0
| Net Income (1.31b TTM) > 0 and > 6% of Revenue (6% = 843.0m TTM) |
| FCFTA -0.02 (>2.0%) and ΔFCFTA 0.14pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -15.50% (prev -23.47%; Δ 7.97pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.07 (>3.0%) and CFO 3.54b > Net Income 1.31b (YES >=105%, WARN >=100%) |
| Net Debt (25.25b) to EBITDA (4.54b) ratio: 5.57 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.61 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (578.0m) change vs 12m ago 0.35% (target <= -2.0% for YES) |
| Gross Margin 67.35% (prev 65.90%; Δ 1.44pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 26.70% (prev 25.87%; Δ 0.83pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 2.91 (EBITDA TTM 4.54b / Interest Expense TTM 987.0m) >= 6 (WARN >= 3) |
Altman Z'' 0.14
| (A) -0.04 = (Total Current Assets 3.47b - Total Current Liabilities 5.65b) / Total Assets 54.23b |
| (B) 0.01 = Retained Earnings (Balance) 414.0m / Total Assets 54.23b |
| (C) 0.05 = EBIT TTM 2.87b / Avg Total Assets 52.63b |
| (D) 0.01 = Book Value of Equity 458.0m / Total Liabilities 40.06b |
| Total Rating: 0.14 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 46.90
| 1. Piotroski 3.0pt = -2.0 |
| 2. FCF Yield -1.88% = -0.94 |
| 3. FCF Margin -7.00% = -2.62 |
| 4. Debt/Equity 2.01 = 0.76 |
| 5. Debt/Ebitda 5.57 = -2.50 |
| 6. ROIC - WACC (= 1.66)% = 2.08 |
| 7. RoE 10.40% = 0.87 |
| 8. Rev. Trend 37.62% = 2.82 |
| 9. EPS Trend -31.31% = -1.57 |
What is the price of FE shares?
Over the past week, the price has changed by +0.00%, over one month by +8.70%, over three months by +15.52% and over the past year by +12.05%.
Is FirstEnergy a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of FE is around 50.29 USD . This means that FE is currently overvalued and has a potential downside of 7.07%.
Is FE a buy, sell or hold?
- Strong Buy: 4
- Buy: 3
- Hold: 11
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the FE price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 46.9 | -0.1% |
| Analysts Target Price | 46.9 | -0.1% |
| ValueRay Target Price | 54 | 15% |
Last update: 2025-10-10 03:48
FE Fundamental Data Overview
P/E Trailing = 20.5639
P/E Forward = 16.7504
P/S = 1.9441
P/B = 2.0425
P/EG = 1.3289
Beta = 0.498
Revenue TTM = 14.05b USD
EBIT TTM = 2.87b USD
EBITDA TTM = 4.54b USD
Long Term Debt = 23.75b USD (from longTermDebt, last quarter)
Short Term Debt = 2.07b USD (from shortTermDebt, last quarter)
Debt = 25.82b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 25.25b USD (from netDebt column, last quarter)
Enterprise Value = 52.20b USD (26.95b + Debt 25.82b - CCE 569.0m)
Interest Coverage Ratio = 2.91 (Ebit TTM 2.87b / Interest Expense TTM 987.0m)
FCF Yield = -1.88% (FCF TTM -983.0m / Enterprise Value 52.20b)
FCF Margin = -7.00% (FCF TTM -983.0m / Revenue TTM 14.05b)
Net Margin = 9.31% (Net Income TTM 1.31b / Revenue TTM 14.05b)
Gross Margin = 67.35% ((Revenue TTM 14.05b - Cost of Revenue TTM 4.59b) / Revenue TTM)
Gross Margin QoQ = 66.83% (prev 67.14%)
Tobins Q-Ratio = 0.96 (Enterprise Value 52.20b / Total Assets 54.23b)
Interest Expense / Debt = 1.00% (Interest Expense 257.0m / Debt 25.82b)
Taxrate = 21.67% (88.0m / 406.0m)
NOPAT = 2.25b (EBIT 2.87b * (1 - 21.67%))
Current Ratio = 0.61 (Total Current Assets 3.47b / Total Current Liabilities 5.65b)
Debt / Equity = 2.01 (Debt 25.82b / totalStockholderEquity, last quarter 12.85b)
Debt / EBITDA = 5.57 (Net Debt 25.25b / EBITDA 4.54b)
Debt / FCF = -25.69 (negative FCF - burning cash) (Net Debt 25.25b / FCF TTM -983.0m)
Total Stockholder Equity = 12.57b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.41% (Net Income 1.31b / Total Assets 54.23b)
RoE = 10.40% (Net Income TTM 1.31b / Total Stockholder Equity 12.57b)
RoCE = 7.91% (EBIT 2.87b / Capital Employed (Equity 12.57b + L.T.Debt 23.75b))
RoIC = 6.05% (NOPAT 2.25b / Invested Capital 37.16b)
WACC = 4.39% (E(26.95b)/V(52.77b) * Re(7.85%) + D(25.82b)/V(52.77b) * Rd(1.00%) * (1-Tc(0.22)))
Discount Rate = 7.85% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: 100.0 | Cagr: 0.32%
Fair Price DCF = unknown (Cash Flow -983.0m)
EPS Correlation: -31.31 | EPS CAGR: -56.10% | SUE: -4.0 | # QB: 0
Revenue Correlation: 37.62 | Revenue CAGR: -1.00% | SUE: -0.06 | # QB: 0
Additional Sources for FE Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle