Exelon EXC
Exelon Corporation is a US utility company that primarily operates in the regulated electricity transmission and distribution business through its subsidiaries in Illinois, Pennsylvania, and Maryland. Exelon has a strained financial health due to its high leverage (Net Debt/EBITDA 6.09) and negative free cash flow conversion (-32.14%), but its regulated transmission and distribution business provides stability, with an attractive dividend (net yield 4.16%) and a contained payout (60.29%). Valuation is reasonable (P/E 14.83, P/B 1.40), although rising rates pressure the multiple.
Detailed metrics
Market and fundamental data as of the analysis date.
Full AI report
Generated automatically from the metrics, the macro context and the company's news.
Exelon Corporation is a US utility company that primarily operates in the regulated electricity transmission and distribution business through its subsidiaries in Illinois, Pennsylvania, and Maryland. Exelon has a strained financial health due to its high leverage (Net Debt/EBITDA 6.09) and negative free cash flow conversion (-32.14%), but its regulated transmission and distribution business provides stability, with an attractive dividend (net yield 4.16%) and a contained payout (60.29%). Valuation is reasonable (P/E 14.83, P/B 1.40), although rising rates pressure the multiple.
Score by category
| Category | Score |
|---|---|
| Financial health | 5.4 |
| Quality / Moat | 3.4 |
| Valuation | 5.3 |
| Growth | 5.8 |
| Dividend | 8.0 |
| Momentum | 4.9 |
| Risk & Context | 8.2 |
OVERALL SCORE: 6.1/10
Context and risks
The rise in 10-year yields (5.17%) is a headwind for regulated utilities due to their high duration and leverage (Net Debt/EBITDA 6.09). However, Exelon's regulated business in Illinois, Pennsylvania, and Maryland provides cash flow stability and partial regulatory protection, limiting the impact.
News considered in the analysis
- Utility giant Exelon’s climate arm backs grid-planning firm Continuum — Inversión estratégica menor en planificación de red, refuerza la posición en modernización de la red, pero impacto financiero limitado.
- How Low Can PG&E Stock Go When The Risk Is Its Own? — Artículo sobre un competidor (PG&E), sin información nueva sobre Exelon.
- Exelon (EXC), Why Is The Utility Getting Fresh Attention? — Cobertura positiva genérica que refleja el interés renovado, sin catalizadores concretos.
- Exxon’s 11 Million-Gallon Refinery Goes Dark. How High Can Midwest Gas Prices Go? — Noticia sobre Exxon, sin relación directa con el negocio regulado de Exelon.
- The Zacks Analyst Blog Highlights Exelon, PG&E and Centuri — Listículo de analistas sin información nueva o material.
Verdict: Hold; regulated stability and the dividend offset high leverage and weak cash generation, but the rate environment limits upside potential.
Main risk: High leverage (Net Debt/EBITDA of 6.09) combined with the rise in 10-year Treasury yields makes debt refinancing more expensive and pressures financial health and valuation.
Other Utilities companies
Neighbours in the sector ranking, to compare without going back to the index.
See all 1,000+ companies in the index →