A Business at a Glance
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CONNECTICUT LIGHT & POWER CO
CNLHN
$11.4B
Mkt Cap
$30.60
+1.66%
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 |
| 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% | 9.6% |
| 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 | 6.7 |
| 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 | 13.7 |
| 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 | 0.8 |
| 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 | 11.4B |
| 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 | 30.60 |
| 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 | 30.60 |
CONNECTICUT LIGHT & POWER CO passes 3 of 9 quality checks, indicating weak fundamentals.
CONNECTICUT LIGHT & POWER CO trades at 6.7x 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 9.6%. At current prices, the estimated annualized return to fair value is -5.3%.
CONNECTICUT LIGHT & POWER CO (CNLHN) has a current P/E ratio of 6.7, 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 $11.4B. It is classified as a large-cap stock.
Yes, CONNECTICUT LIGHT & POWER CO (CNLHN) pays a dividend with a trailing twelve-month yield of 9.62%.
Based on historical P/E analysis, CONNECTICUT LIGHT & POWER CO (CNLHN) appears cheap. The current P/E of 6.7 is 35% 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.
| -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 |
|---|
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.