ALLETE, Inc. (ALE)
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 |
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 |
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 |
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 |
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% |
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 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 |