(FE) FirstEnergy - Overview
Sector: Utilities | Industry: Utilities - Regulated Electric | Exchange: NYSE (USA) | Market Cap: 26.833m USD | Total Return: 18.6% in 12m
Avg Turnover: 204M
EPS Trend: 65.0%
Qual. Beats: 0
Rev. Trend: 95.2%
Qual. Beats: 3
Warnings
Altman Z'' 0.35 < 1.0 - financial distress zone
Tailwinds
No distinct edge detected
FirstEnergy Corp. (FE) is an Ohio-based public utility holding company focused on the generation, transmission, and distribution of electricity. The company manages a diverse energy portfolio comprising coal, nuclear, hydroelectric, and renewable sources, serving a broad customer base across six states in the Mid-Atlantic and Midwest regions.
As a regulated utility, FirstEnergy operates within a capital-intensive sector where revenue is often determined by state-approved rate cases rather than competitive market pricing. The business model relies on maintaining extensive infrastructure, including over 277,000 miles of distribution and transmission lines, to ensure grid reliability and regulatory compliance.
Investors may find more detailed valuation metrics and peer comparisons by exploring the tools available on ValueRay. The companys geographic concentration in the PJM Interconnection region makes its financial performance sensitive to regional economic trends and federal energy policy shifts.
- Grid modernization investments drive rate base growth across multi-state utility territories
- Regulatory rate case outcomes in Ohio and Pennsylvania dictate revenue requirements
- Transmission expansion projects under Energizing the Future program bolster long-term earnings
- Higher interest rates increase debt service costs for capital-intensive infrastructure projects
- Shift toward clean energy transition modifies generation mix and regulatory compliance costs
| Net Income: 1.06b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA 4.44 > 1.0 |
| NWC/Revenue: -17.99% < 20% (prev -29.78%; Δ 11.80% < -1%) |
| CFO/TA 0.06 > 3% & CFO 3.21b > Net Income 1.06b |
| Net Debt (28.0b) to EBITDA (4.44b): 6.31 < 3 |
| Current Ratio: 0.52 > 1.5 & < 3 |
| Outstanding Shares: last quarter (580.0m) vs 12m ago 0.35% < -2% |
| Gross Margin: 53.77% > 18% (prev 67.94%; Δ -14.17% > 0.5%) |
| Asset Turnover: 28.31% > 50% (prev 26.43%; Δ 1.88% > 0%) |
| Interest Coverage Ratio: 2.47 > 6 (EBIT TTM 2.87b / Interest Expense TTM 1.16b) |
| A: -0.05 (Total Current Assets 3.05b - Total Current Liabilities 5.84b) / Total Assets 56.9b |
| B: 0.00 (Retained Earnings 171.0m / Total Assets 56.9b) |
| C: 0.05 (EBIT TTM 2.87b / Avg Total Assets 54.8b) |
| D: 0.30 (Book Value of Equity 12.7b / Total Liabilities 42.8b) |
| Altman-Z'' = 0.35 = B |
| DSRI: 0.94 (Receivables 1.97b/1.89b, Revenue 15.5b/13.9b) |
| GMI: 1.26 (GM 67.94% / 53.77%) |
| AQI: 0.99 (AQ_t 0.15 / AQ_t-1 0.15) |
| SGI: 1.11 (Revenue 15.5b / 13.9b) |
| TATA: -0.04 (NI 1.06b - CFO 3.21b) / TA 56.9b) |
| Beneish M = -2.77 (Cap -4..+1) = A |
As of June 07, 2026, the stock is trading at USD 46.42 with a total of 3,212,127 shares traded.
Over the past week, the price has changed by +0.06%,
over one month by +2.22%,
over three months by -6.80% and
over the past year by +18.60%.
FirstEnergy has received a consensus analysts rating of 3.61. Therefore, it is recommended to hold FE.
- StrongBuy: 4
- Buy: 3
- Hold: 11
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 52.2 | 12.5% |
P/E Trailing = 25.212
P/E Forward = 16.8067
P/S = 1.7589
P/B = 2.1169
P/EG = 1.648
Revenue TTM = 15.5b USD
EBIT TTM = 2.87b USD
EBITDA TTM = 4.44b USD
Long Term Debt = 26.3b USD (from longTermDebt, last quarter)
Short Term Debt = 1.73b USD (from shortTermDebt, last quarter)
Debt = 28.1b USD (from shortLongTermDebtTotal, last quarter) + Leases 6.00m
Net Debt = 28.0b USD (calculated: Debt 28.1b - CCE 80.0m)
Enterprise Value = 54.8b USD (26.8b + Debt 28.1b - CCE 80.0m)
Interest Coverage Ratio = 2.47 (Ebit TTM 2.87b / Interest Expense TTM 1.16b)
EV/FCF = 30.54x (Enterprise Value 54.8b / FCF TTM 1.79b)
FCF Yield = 3.27% (FCF TTM 1.79b / Enterprise Value 54.8b)
FCF Margin = 11.56% (FCF TTM 1.79b / Revenue TTM 15.5b)
Net Margin = 6.86% (Net Income TTM 1.06b / Revenue TTM 15.5b)
Gross Margin = 53.77% ((Revenue TTM 15.5b - Cost of Revenue TTM 7.18b) / Revenue TTM)
Gross Margin QoQ = 62.16% (prev 25.68%)
Tobins Q-Ratio = 0.96 (Enterprise Value 54.8b / Total Assets 56.9b)
Interest Expense / Debt = 4.14% (Interest Expense 1.16b / Debt 28.1b)
Taxrate = 18.48% (300.0m / 1.62b)
NOPAT = 2.34b (EBIT 2.87b * (1 - 18.48%))
Current Ratio = 0.52 (Total Current Assets 3.05b / Total Current Liabilities 5.84b)
Debt / Equity = 2.22 (Debt 28.1b / totalStockholderEquity, last quarter 12.7b)
Debt / EBITDA = 6.31 (Net Debt 28.0b / EBITDA 4.44b)
Debt / FCF = 15.59 (Net Debt 28.0b / FCF TTM 1.79b)
Total Stockholder Equity = 12.7b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.94% (Net Income 1.06b / Total Assets 56.9b)
RoE = 8.38% (Net Income TTM 1.06b / Total Stockholder Equity 12.7b)
RoCE = 7.36% (EBIT 2.87b / Capital Employed (Equity 12.7b + L.T.Debt 26.3b))
RoIC = 4.44% (NOPAT 2.34b / Invested Capital 52.7b)
WACC = 4.48% (E(26.8b)/V(54.9b) * Re(5.64%) + D(28.1b)/V(54.9b) * Rd(4.14%) * (1-Tc(0.18)))
Discount Rate = 5.64% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 90.68 | Cagr: 0.46%
[DCF] Terminal Value 75.44% ; FCFF base≈1.79b ; Y1≈1.80b ; Y5≈1.91b
[DCF] Fair Price = 2.96 (EV 29.7b - Net Debt 28.0b = Equity 1.71b / Shares 578.4m; r=8.35% [WACC [floored]]; 5y FCF grow 0.0% → 2.50% )
EPS Correlation: 64.95 | EPS CAGR: 3.13% | SUE: 0.0 | # QB: 0
Revenue Correlation: 95.23 | Revenue CAGR: 7.04% | SUE: 1.12 | # QB: 3
EPS current Quarter (2026-06-30): EPS=0.59 | Chg30d=+4.90% | Revisions=+33% | Analysts=8
EPS next Quarter (2026-09-30): EPS=0.89 | Chg30d=+1.57% | Revisions=+20% | Analysts=8
EPS current Year (2026-12-31): EPS=2.73 | Chg30d=+0.10% | Revisions=+27% | GrowthEPS=+7.2% | GrowthRev=+4.9%
EPS next Year (2027-12-31): EPS=2.95 | Chg30d=-0.00% | Revisions=-11% | GrowthEPS=+7.8% | GrowthRev=+4.4%
[Analyst] Revisions Ratio: +33%