ALLETE, Inc. (ALE)

NYSE: ALE · IEX Real-Time Price · USD
59.43
+0.61 (1.04%)
Mar 28, 2024, 12:26 PM EDT - Market open

Total Valuation

ALLETE has a market cap or net worth of $3.41 billion. The enterprise value is $5.13 billion.

Market Cap 3.41B
Enterprise Value 5.13B

Important Dates

The next estimated earnings date is Wednesday, May 1, 2024, before market open.

Earnings Date May 1, 2024
Ex-Dividend Date Feb 14, 2024

Share Statistics

ALLETE has 57.58 million shares outstanding. The number of shares has increased by 2.50% in one year.

Shares Outstanding 57.58M
Shares Change (YoY) +2.50%
Shares Change (QoQ) -0.17%
Owned by Insiders (%) 0.41%
Owned by Institutions (%) 78.80%
Float 57.35M

Valuation Ratios

The trailing PE ratio is 13.81 and the forward PE ratio is 15.59. ALLETE's PEG ratio is 2.23.

PE Ratio 13.81
Forward PE 15.59
PS Ratio 1.81
Forward PS 1.96
PB Ratio 1.21
P/FCF Ratio 10.85
PEG Ratio 2.23
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 8.44, with an EV/FCF ratio of 16.32.

EV / Earnings 20.75
EV / Sales 2.73
EV / EBITDA 8.44
EV / EBIT 14.41
EV / FCF 16.32

Financial Position

The company has a current ratio of 1.24, with a Debt / Equity ratio of 0.64.

Current Ratio 1.24
Quick Ratio 0.55
Debt / Equity 0.64
Debt / EBITDA 2.95
Debt / FCF 5.70
Interest Coverage 4.40

Financial Efficiency

Return on equity (ROE) is 8.90% and return on invested capital (ROIC) is 3.53%.

Return on Equity (ROE) 8.90%
Return on Assets (ROA) 3.70%
Return on Capital (ROIC) 3.53%
Revenue Per Employee $1.21M
Profits Per Employee $158,397
Employee Count 1,560
Asset Turnover 0.28
Inventory Turnover 4.58

Taxes

In the past 12 months, ALLETE has paid $27.90 million in taxes.

Income Tax 27.90M
Effective Tax Rate 10.15%

Stock Price Statistics

The stock price has decreased by -6.51% in the last 52 weeks. The beta is 0.74, so ALLETE's price volatility has been lower than the market average.

Beta (1Y) 0.74
52-Week Price Change -6.51%
50-Day Moving Average 58.10
200-Day Moving Average 57.18
Relative Strength Index (RSI) 58.82
Average Volume (30 Days) 294,947

Short Selling Information

The latest short interest is 1.33 million, so 2.31% of the outstanding shares have been sold short.

Short Interest 1.33M
Short Previous Month 1.02M
Short % of Shares Out 2.31%
Short % of Float 2.32%
Short Ratio (days to cover) 4.41

Income Statement

In the last 12 months, ALLETE had revenue of $1.88 billion and earned $247.10 million in profits. Earnings per share was $4.30.

Revenue 1.88B
Gross Profit 432.70M
Operating Income 180.90M
Pretax Income 275.00M
Net Income 247.10M
EBITDA 607.50M
EBIT 355.80M
Earnings Per Share (EPS) $4.30
Full Income Statement

Balance Sheet

The company has $71.90 million in cash and $1.79 billion in debt, giving a net cash position of -$1.72 billion or -$29.86 per share.

Cash & Cash Equivalents 71.90M
Total Debt 1.79B
Net Cash -1.72B
Net Cash Per Share -$29.86
Equity / Book Value 2.81B
Book Value Per Share 48.80
Working Capital 90.50M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $585.30 million and capital expenditures -$271.20 million, giving a free cash flow of $314.10 million.

Operating Cash Flow 585.30M
Capital Expenditures -271.20M
Free Cash Flow 314.10M
FCF Per Share $5.48
Full Cash Flow Statement

Margins

Gross margin is 23.02%, with operating and profit margins of 9.62% and 13.15%.

Gross Margin 23.02%
Operating Margin 9.62%
Pretax Margin 14.63%
Profit Margin 13.15%
EBITDA Margin 32.32%
EBIT Margin 18.93%
FCF Margin 16.71%

Dividends & Yields

This stock pays an annual dividend of $2.82, which amounts to a dividend yield of 4.75%.

Dividend Per Share $2.82
Dividend Yield 4.75%
Dividend Growth (YoY) 4.19%
Years of Dividend Growth 13
Payout Ratio 65.58%
Buyback Yield -2.50%
Shareholder Yield 2.25%
Earnings Yield 7.25%
FCF Yield 9.22%
Dividend Details

Analyst Forecast

The average price target for ALLETE is $58.60, which is -1.40% lower than the current price. The consensus rating is "Hold".

Price Target $58.60
Price Target Difference -1.40%
Analyst Consensus Hold
Analyst Count 5
Revenue Growth Forecast (5Y) 0.29%
EPS Growth Forecast (5Y) 4.23%
Stock Forecasts

Stock Splits

The last stock split was on September 21, 2004. It was a reverse split with a ratio of 1:3.

Last Split Date Sep 21, 2004
Split Type Reverse
Split Ratio 1:3

Scores

ALLETE has an Altman Z-Score of 1.32 and a Piotroski F-Score of 6. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score 1.32
Piotroski F-Score 6