A Business at a Glance
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CONNECTICUT LIGHT & POWER CO
CNLHN
$11.7B
Mkt Cap
$31.53
+0.00%
CONNECTICUT LIGHT & POWER CO (CNLHN) has a current P/E ratio of 6.9, compared to its historical median P/E of 10.4. The stock is currently considered Cheap based on its historical valuation range.
CONNECTICUT LIGHT & POWER CO (CNLHN) has a 5-year average return on invested capital (ROIC) of 5.0%. This is below average and may indicate limited pricing power.
CONNECTICUT LIGHT & POWER CO (CNLHN) has a market capitalization of $11.7B. It is classified as a large-cap stock.
Yes, CONNECTICUT LIGHT & POWER CO (CNLHN) pays a dividend with a trailing twelve-month yield of 9.34%.
Based on historical P/E analysis, CONNECTICUT LIGHT & POWER CO (CNLHN) appears cheap. The current P/E of 6.9 is 33% below its historical median of 10.4. The estimated fair value CAGR (P/E method) is -3.5%.
CONNECTICUT LIGHT & POWER CO (CNLHN) operates in the Electric Services industry, within the Utilities sector.
CONNECTICUT LIGHT & POWER CO (CNLHN) reported annual revenue of $13.5 billion in its most recent fiscal year, based on SEC EDGAR filings.
EVERSOURCE ENERGY AND SUBSIDIARIES THE CONNECTICUT LIGHT AND POWER COMPANY NSTAR ELECTRIC COMPANY AND SUBSIDIARY PUBLIC SERVICE COMPANY OF NEW HAMPSHIRE AND SUBSIDIARIES PART I Please refer to the Glossary of Terms for definitions of defined terms and abbreviations used in this combined Annual Report on Form 10-K. Eversource Energy (Eversource), headquartered in Boston, Massachusetts and Hartford, Connecticut, is a public utility holding company subject to regulation by the Federal Energy Regulatory Commission (FERC) under the Public Utility Holding Company Act of 2005.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 13.5B | 13.5B | 11.9B | 11.9B | 12.3B | 9.9B |
| Net Income | 1.7B | 1.7B | 812M | -442M | 1.4B | 1.2B |
| EPS | $4.56 | $4.56 | $2.27 | $-1.26 | $4.05 | $3.54 |
| Free Cash Flow | -45M | -45M | -2.3B | -2.7B | -1.0B | -1.2B |
| ROIC | 6.0% | 6.3% | 3.7% | 6.1% | 4.5% | 4.6% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 1.83 | 1.83 | 1.84 | 1.78 | 1.45 | 1.33 |
| Dividends/Share | $2.95 | $2.95 | $2.80 | $2.62 | $2.48 | $2.34 |
| Operating Income | 3.0B | 3.0B | 2.4B | 2.4B | 2.2B | 2.0B |
| Operating Margin | 22.1% | 22.1% | 20.2% | 20.1% | 17.9% | 20.2% |
| ROE | 10.4% | 10.8% | 5.4% | -3.1% | 9.1% | 8.4% |
| Shares Outstanding | 371M | 371M | 358M | 351M | 347M | 345M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 7.7B | 8.0B | 7.6B | 7.8B | 8.4B | 8.5B | 8.9B | 9.9B | 12.3B | 11.9B | 11.9B | 13.5B | 13.5B |
| Gross Margin | 61.0% | 61.2% | 67.3% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 3.1B | 3.1B | 3.3B | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EBIT | 1.6B | 1.8B | 1.9B | 1.9B | 1.7B | 1.6B | 2.0B | 2.0B | 2.2B | 2.4B | 2.4B | 3.0B | 3.0B |
| Op. Margin | 21.1% | 22.2% | 24.3% | 24.4% | 20.1% | 18.7% | 22.3% | 20.2% | 17.9% | 20.1% | 20.2% | 22.1% | 22.1% |
| Net Income | 820M | 878M | 942M | 988M | 1.0B | 909M | 1.2B | 1.2B | 1.4B | -442M | 812M | 1.7B | 1.7B |
| Net Margin | 10.6% | 11.0% | 12.3% | 12.7% | 12.2% | 10.7% | 13.5% | 12.4% | 11.4% | -3.7% | 6.8% | 12.5% | 12.5% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 240M | 0 | 0 | 0 | 0 | -297M | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 5.6% | 5.7% | 5.7% | 5.1% | 5.3% | 4.6% | 5.0% | 4.6% | 4.5% | 6.1% | 3.7% | 6.3% | 6.0% |
| ROE | 8.2% | 8.5% | 8.8% | 8.9% | 9.0% | 7.2% | 8.6% | 8.4% | 9.1% | -3.1% | 5.4% | 10.8% | 10.4% |
| ROA | 2.8% | 2.9% | 2.9% | 2.7% | 2.7% | 2.2% | 2.6% | 2.5% | 2.6% | -0.8% | 1.4% | 2.7% | 2.7% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 1.6B | 1.4B | 2.2B | 2.0B | 1.8B | 2.0B | 1.7B | 2.0B | 2.4B | 1.6B | 2.2B | 4.1B | 4.1B |
| Free Cash Flow | 32M | -290M | 198M | -352M | -739M | -902M | -1.3B | -1.2B | -1.0B | -2.7B | -2.3B | -45M | -45M |
| Owner Earnings | 1.6B | 768M | 1.5B | 1.2B | 1.0B | 1.1B | 701M | 860M | 1.2B | 340M | 726M | 2.5B | 2.5B |
| CapEx | 1.6B | 1.7B | 2.0B | 2.3B | 2.6B | 2.9B | 2.9B | 3.2B | 3.4B | 4.3B | 4.5B | 4.2B | 4.2B |
| Maint. CapEx | 0 | 666M | 715M | 774M | 820M | 885M | 981M | 1.1B | 1.2B | 1.3B | 1.4B | 1.6B | 1.6B |
| Growth CapEx | N/A | 1.1B | 1.3B | 1.6B | 1.8B | 2.0B | 2.0B | 2.1B | 2.2B | 3.0B | 3.0B | 2.6B | 2.6B |
| D&A | 0 | 666M | 715M | 774M | 820M | 885M | 981M | 1.1B | 1.2B | 1.3B | 1.4B | 1.6B | 1.6B |
| CapEx/OCF | 98.1% | 120.3% | 90.9% | 117.6% | 140.4% | 144.9% | 174.9% | 161.8% | 143.3% | 263.5% | 207.5% | 101.1% | 101.1% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 475M | 530M | 564M | 602M | 640M | 663M | 745M | 805M | 860M | 919M | 1.0B | 1.1B | 1.1B |
| Dividend Yield | 5.7% | 6.0% | 6.0% | 6.3% | 6.3% | 6.2% | 6.2% | 6.2% | 7.5% | 8.8% | 9.6% | 9.5% | 9.3% |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt Repayment | 577M | 217M | 200M | 745M | 1.1B | 801M | 327M | 1.1B | 1.2B | 2.0B | 1.9B | 1.4B | 1.4B |
| Balance Sheet | |||||||||||||
| Net Debt | 8.5B | 8.7B | 9.8B | 12.3B | 13.4B | 14.0B | 16.7B | 19.4B | 21.7B | 24.8B | 27.4B | 29.2B | 29.5B |
| Cash & Equiv. | 39M | 24M | 30M | 38M | 108M | 15M | 107M | 0 | 327M | 54M | 27M | 135M | 135M |
| Long-Term Debt | 8.6B | 8.8B | 8.8B | 11.8B | 12.2B | 13.8B | 15.1B | 17.0B | 19.7B | 23.6B | 25.7B | 26.9B | 26.9B |
| Debt/Equity | 0.91 | 0.89 | 0.97 | 1.16 | 1.21 | 1.14 | 1.23 | 1.33 | 1.45 | 1.78 | 1.84 | 1.83 | 1.83 |
| Interest Coverage | 4.5 | 4.7 | 4.6 | 4.5 | 3.4 | 3.0 | 3.7 | 3.4 | 3.2 | 2.8 | 2.2 | 2.4 | 2.4 |
| Equity | 10.0B | 10.4B | 10.7B | 11.1B | 11.5B | 12.6B | 14.1B | 14.6B | 15.5B | 14.2B | 15.0B | 16.2B | 16.2B |
| Total Assets | 29.7B | 30.6B | 32.1B | 36.2B | 38.2B | 41.1B | 46.1B | 48.5B | 53.2B | 55.6B | 59.6B | 63.8B | 63.8B |
| Total Liabilities | 19.8B | 20.2B | 21.3B | 25.1B | 26.8B | 28.5B | 32.0B | 33.9B | 37.8B | 41.4B | 44.6B | 47.6B | 47.6B |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | 2.4B | 2.8B | 3.2B | 3.6B | 4.0B | 4.2B | 4.6B | 5.0B | 5.5B | 4.1B | 3.9B | 4.5B | 4.5B |
| Working Capital | -442M | -371M | -1.2B | -1.1B | -1.8B | -1.2B | -1.8B | -2.6B | -2.6B | -2.1B | -1.6B | -2.7B | -2.7B |
| Current Assets | 2.7B | 2.6B | 2.5B | 2.5B | 2.3B | 2.4B | 3.1B | 3.3B | 4.2B | 4.2B | 5.1B | 5.1B | 5.1B |
| Current Liabilities | 3.1B | 3.0B | 3.6B | 3.6B | 4.1B | 3.6B | 4.9B | 5.8B | 6.8B | 6.3B | 6.7B | 7.8B | 7.8B |
| Per Share Data | |||||||||||||
| EPS | 2.58 | 2.76 | 2.96 | 3.11 | 3.25 | 2.81 | 3.55 | 3.54 | 4.05 | -1.26 | 2.27 | 4.56 | 4.56 |
| Owner EPS | 5.15 | 2.41 | 4.58 | 3.85 | 3.18 | 3.48 | 2.07 | 2.49 | 3.48 | 0.97 | 2.03 | 6.86 | 6.86 |
| Book Value | 31.41 | 32.52 | 33.65 | 34.90 | 36.14 | 39.04 | 41.43 | 42.35 | 44.61 | 40.38 | 42.06 | 43.64 | 43.64 |
| Cash Flow/Share | 5.15 | 4.50 | 6.83 | 6.28 | 5.76 | 6.21 | 4.96 | 5.69 | 6.92 | 4.69 | 6.04 | 11.08 | 8.79 |
| Dividends/Share | 1.50 | 1.66 | 1.77 | 1.90 | 2.01 | 2.05 | 2.19 | 2.34 | 2.48 | 2.62 | 2.80 | 2.95 | 2.95 |
| Shares Out. | 317.7M | 318.3M | 318.3M | 317.7M | 317.8M | 323.5M | 339.5M | 344.8M | 346.9M | 351.0M | 357.6M | 371.1M | 371.1M |
| Valuation | |||||||||||||
| P/E Ratio | 10.3 | 10.2 | 10.5 | 10.2 | 10.0 | 12.4 | 10.4 | 10.5 | 7.7 | N/A | 12.8 | 7.0 | 6.9 |
| P/FCF | 267.3 | N/A | 50.2 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EV/EBIT | 10.4 | 10.0 | 10.6 | 11.8 | 14.0 | 15.9 | 14.7 | 16.1 | 14.8 | 14.4 | 15.7 | 13.7 | 13.8 |
| Price/Book | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 |
| Price/Sales | 1.1 | 1.1 | 1.2 | 1.2 | 1.2 | 1.3 | 1.3 | 1.3 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 |
| FCF Yield | 0.4% | -3.2% | 2.0% | -3.5% | -7.1% | -8.0% | -10.1% | -9.5% | -9.6% | -27.4% | -22.3% | -0.4% | -0.4% |
| Market Cap | 8.5B | 9.0B | 9.9B | 10.1B | 10.3B | 11.3B | 12.5B | 12.8B | 10.8B | 9.8B | 10.4B | 11.8B | 11.7B |
| Avg. Price | 26.26 | 27.73 | 29.77 | 30.26 | 31.94 | 33.16 | 35.23 | 37.45 | 33.06 | 29.67 | 29.04 | 31.11 | 31.53 |
| Year-End Price | 26.70 | 28.21 | 31.23 | 31.69 | 32.56 | 34.83 | 36.86 | 37.01 | 31.15 | 27.95 | 29.09 | 31.77 | 31.53 |
CONNECTICUT LIGHT & POWER CO passes 3 of 9 quality checks, indicating weak fundamentals.
CONNECTICUT LIGHT & POWER CO trades at 6.9x trailing earnings, compared to its 15-year median P/E of 10.4x, suggesting it is currently Cheap relative to its historical range. The company's 5-year average ROIC is 5.0%. Total shareholder yield (dividends) is 9.3%. At current prices, the estimated annualized return to fair value is -5.3%.
CONNECTICUT LIGHT & POWER CO (CNLHN) has a net profit margin of 12.5%. This is a healthy margin.
CONNECTICUT LIGHT & POWER CO (CNLHN) generated $-45 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
CONNECTICUT LIGHT & POWER CO (CNLHN) has a debt-to-equity ratio of 1.83. This indicates higher leverage, which may increase financial risk.
CONNECTICUT LIGHT & POWER CO (CNLHN) reported earnings per share (EPS) of $4.56 in its most recent fiscal year.
CONNECTICUT LIGHT & POWER CO (CNLHN) has a return on equity (ROE) of 10.8%. This indicates moderate shareholder returns.
The Ledger Terminal provides 16 years of financial data for CONNECTICUT LIGHT & POWER CO (CNLHN), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
CONNECTICUT LIGHT & POWER CO (CNLHN) has a book value per share of $43.64, based on its most recent annual SEC filing.