A Business at a Glance
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NSTAR ELECTRIC CO
NSARO
$27.6B
Mkt Cap
$77.08
+0.00%
NSTAR ELECTRIC CO (NSARO) has a current P/E ratio of 21.2, compared to its historical median P/E of 21.7. The stock is currently considered Fair based on its historical valuation range.
NSTAR ELECTRIC CO (NSARO) has a 5-year average return on invested capital (ROIC) of 4.9%. This is below average and may indicate limited pricing power.
NSTAR ELECTRIC CO (NSARO) has a market capitalization of $28.9B. It is classified as a large-cap stock.
Yes, NSTAR ELECTRIC CO (NSARO) pays a dividend with a trailing twelve-month yield of 3.71%.
Based on historical P/E analysis, NSTAR ELECTRIC CO (NSARO) appears fair. The current P/E of 21.2 is 2% below its historical median of 21.7. The estimated fair value CAGR (P/E method) is -4.2%.
NSTAR ELECTRIC CO (NSARO) operates in the Electric Services industry, within the Utilities sector.
NSTAR ELECTRIC CO (NSARO) reported annual revenue of $11.9 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 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 13.1B | 11.9B | 11.9B | 12.3B | 9.9B | 8.9B |
| Net Income | 7.5M | 812M | -442M | 1.4B | 1.2B | 1.2B |
| EPS | $3.63 | $2.27 | $-1.26 | $4.05 | $3.54 | $3.55 |
| Free Cash Flow | -524M | -2.3B | -2.7B | -1.0B | -1.2B | -1.3B |
| ROIC | 0.3% | 3.9% | 6.2% | 4.6% | 4.7% | 5.1% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 1.75 | 1.78 | 1.72 | 1.36 | 1.25 | 1.15 |
| Dividends/Share | $2.86 | $2.80 | $2.62 | $2.48 | $2.34 | $2.19 |
| Operating Income | 2.6B | 2.4B | 2.4B | 2.2B | 2.0B | 2.0B |
| Operating Margin | 20.0% | 20.2% | 20.1% | 17.9% | 20.2% | 22.3% |
| ROE | 0.0% | 5.6% | -3.1% | 9.1% | 8.4% | 8.6% |
| Shares Outstanding | 375M | 358M | 351M | 347M | 345M | 339M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 7.3B | 7.7B | 8.0B | 7.6B | 7.8B | 8.4B | 8.5B | 8.9B | 9.9B | 12.3B | 11.9B | 11.9B | 13.1B |
| Gross Margin | 66.0% | 61.0% | 61.2% | 67.3% | 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 | 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 |
| EBIT | 1.5B | 1.6B | 1.8B | 1.9B | 1.9B | 1.7B | 1.6B | 2.0B | 2.0B | 2.2B | 2.4B | 2.4B | 2.6B |
| Op. Margin | 20.9% | 21.1% | 22.2% | 24.3% | 24.4% | 20.1% | 18.7% | 22.3% | 20.2% | 17.9% | 20.1% | 20.2% | 20.0% |
| Net Income | 786M | 820M | 878M | 942M | 988M | 1.0B | 909M | 1.2B | 1.2B | 1.4B | -442M | 812M | 7.5M |
| Net Margin | 10.8% | 10.6% | 11.0% | 12.3% | 12.7% | 12.2% | 10.7% | 13.5% | 12.4% | 11.4% | -3.7% | 6.8% | 0.1% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 240M | 0 | 0 | 0 | 0 | -297M | -297M |
| Returns on Capital | |||||||||||||
| ROIC | 5.5% | 5.5% | 5.6% | 5.8% | 5.1% | 5.4% | 4.6% | 5.1% | 4.7% | 4.6% | 6.2% | 3.9% | 0.3% |
| ROE | 8.2% | 8.2% | 8.5% | 8.8% | 8.9% | 9.0% | 7.2% | 8.6% | 8.4% | 9.1% | -3.1% | 5.6% | 0.0% |
| ROA | 2.8% | 2.8% | 2.9% | 2.9% | 2.7% | 2.7% | 2.2% | 2.6% | 2.5% | 2.6% | -0.8% | 1.4% | 0.0% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 1.7B | 1.6B | 1.4B | 2.2B | 2.0B | 1.8B | 2.0B | 1.7B | 2.0B | 2.4B | 1.6B | 2.2B | 3.8B |
| Free Cash Flow | 207M | 32M | -290M | 198M | -352M | -739M | -902M | -1.3B | -1.2B | -1.0B | -2.7B | -2.3B | -524M |
| Owner Earnings | 1.6B | 1.6B | 768M | 1.5B | 1.2B | 1.0B | 1.1B | 701M | 860M | 1.2B | 340M | 726M | 2.4B |
| CapEx | 1.5B | 1.6B | 1.7B | 2.0B | 2.3B | 2.6B | 2.9B | 2.9B | 3.2B | 3.4B | 4.3B | 4.5B | 4.4B |
| Maint. CapEx | 43M | 0 | 666M | 715M | 774M | 820M | 885M | 981M | 1.1B | 1.2B | 1.3B | 1.4B | 1.4B |
| Growth CapEx | 1.4B | N/A | 1.1B | 1.3B | 1.6B | 1.8B | 2.0B | 2.0B | 2.1B | 2.2B | 3.0B | 3.0B | 2.9B |
| D&A | 43M | 0 | 666M | 715M | 774M | 820M | 885M | 981M | 1.1B | 1.2B | 1.3B | 1.4B | 1.4B |
| CapEx/OCF | 87.6% | 98.1% | 120.3% | 90.9% | 117.6% | 140.4% | 144.9% | 174.9% | 161.8% | 143.3% | 263.5% | 207.5% | 113.7% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 463M | 475M | 530M | 564M | 602M | 640M | 663M | 745M | 805M | 860M | 919M | 1.0B | 1.1B |
| Dividend Yield | 2.8% | 2.8% | 2.9% | 2.9% | 2.9% | 3.0% | 2.8% | 2.9% | 2.9% | 3.1% | 3.5% | 3.9% | 3.7% |
| 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 | 930M | 577M | 217M | 200M | 745M | 1.1B | 801M | 327M | 1.1B | 1.2B | 2.0B | 1.9B | 1.9B |
| Balance Sheet | |||||||||||||
| Net Debt | 8.3B | 8.8B | 9.0B | 9.6B | 12.3B | 13.1B | 14.1B | 16.2B | 18.2B | 21.0B | 24.4B | 26.7B | 27.7B |
| Cash & Equiv. | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 259M |
| Long-Term Debt | 7.8B | 8.6B | 8.8B | 8.8B | 11.8B | 12.2B | 13.8B | 15.1B | 17.0B | 19.7B | 23.6B | 25.7B | 25.7B |
| Debt/Equity | 0.86 | 0.88 | 0.87 | 0.90 | 1.11 | 1.14 | 1.12 | 1.15 | 1.25 | 1.36 | 1.72 | 1.78 | 1.75 |
| Interest Coverage | 4.5 | 4.5 | 4.7 | 4.6 | 4.5 | 3.4 | 3.0 | 3.7 | 3.4 | 3.2 | 2.8 | 2.2 | 2.2 |
| Equity | 9.6B | 10.0B | 10.4B | 10.7B | 11.1B | 11.5B | 12.6B | 14.1B | 14.6B | 15.5B | 14.2B | 15.0B | 16.0B |
| Total Assets | 27.8B | 29.7B | 30.6B | 32.1B | 36.2B | 38.2B | 41.1B | 46.1B | 48.5B | 53.2B | 55.6B | 59.6B | 61.7B |
| Total Liabilities | 18.2B | 19.8B | 20.2B | 21.3B | 25.1B | 26.8B | 28.5B | 32.0B | 33.9B | 37.8B | 41.4B | 44.6B | 57M |
| Intangibles | 3.5B | 3.5B | 3.5B | 3.5B | 4.4B | 4.4B | 4.4B | 4.4B | 4.5B | 4.5B | 4.5B | 3.6B | 3.6B |
| Retained Earnings | 2.1B | 2.4B | 2.8B | 3.2B | 3.6B | 4.0B | 4.2B | 4.6B | 5.0B | 5.5B | 4.1B | 3.9B | 3.9B |
| Working Capital | -1.2B | -442M | -371M | -1.2B | -1.1B | -1.8B | -1.2B | -1.8B | -2.6B | -2.6B | -2.1B | -1.6B | -1.6B |
| Current Assets | 2.1B | 2.7B | 2.6B | 2.5B | 2.5B | 2.3B | 2.4B | 3.1B | 3.3B | 4.2B | 4.2B | 5.1B | 5.1B |
| Current Liabilities | 3.3B | 3.1B | 3.0B | 3.6B | 3.6B | 4.1B | 3.6B | 4.9B | 5.8B | 6.8B | 6.3B | 6.7B | 6.7B |
| Per Share Data | |||||||||||||
| EPS | 2.49 | 2.58 | 2.76 | 2.96 | 3.11 | 3.25 | 2.81 | 3.55 | 3.54 | 4.05 | -1.26 | 2.27 | 3.63 |
| Owner EPS | 5.14 | 5.15 | 2.41 | 4.58 | 3.85 | 3.18 | 3.48 | 2.07 | 2.49 | 3.48 | 0.97 | 2.03 | 6.41 |
| Book Value | 30.45 | 31.41 | 32.52 | 33.65 | 34.90 | 36.14 | 39.04 | 41.43 | 42.35 | 44.61 | 40.38 | 42.06 | 42.72 |
| Cash Flow/Share | 5.27 | 5.15 | 4.50 | 6.83 | 6.28 | 5.76 | 6.21 | 4.96 | 5.69 | 6.92 | 4.69 | 6.04 | 3.84 |
| Dividends/Share | 1.47 | 1.50 | 1.66 | 1.77 | 1.90 | 2.01 | 2.05 | 2.19 | 2.34 | 2.48 | 2.62 | 2.80 | 2.86 |
| Shares Out. | 315.7M | 317.7M | 318.3M | 318.3M | 317.7M | 317.8M | 323.5M | 339.5M | 344.8M | 346.9M | 351.0M | 357.6M | 375.2M |
| Valuation | |||||||||||||
| P/E Ratio | 21.0 | 21.3 | 20.9 | 20.6 | 21.7 | 21.5 | 26.6 | 22.2 | 23.0 | 18.8 | N/A | 33.6 | 21.2 |
| P/FCF | 79.8 | 549.0 | N/A | 98.0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EV/EBIT | 16.2 | 16.1 | 15.5 | 15.6 | 17.9 | 20.8 | 24.1 | 21.6 | 23.2 | 21.6 | 20.3 | 22.4 | 21.6 |
| Price/Book | 1.7 | 1.7 | 1.8 | 1.8 | 1.9 | 1.9 | 1.9 | 1.9 | 1.9 | 1.7 | 1.7 | 1.8 | 1.8 |
| Price/Sales | 2.3 | 2.2 | 2.3 | 2.6 | 2.7 | 2.6 | 2.7 | 2.9 | 2.8 | 2.2 | 2.2 | 2.2 | 2.2 |
| FCF Yield | 1.3% | 0.2% | -1.6% | 1.0% | -1.6% | -3.3% | -3.7% | -4.7% | -4.3% | -3.9% | -11.1% | -8.5% | -1.8% |
| Market Cap | 16.5B | 17.4B | 18.4B | 19.4B | 21.4B | 22.3B | 24.2B | 26.8B | 28.0B | 26.5B | 24.2B | 27.2B | 28.9B |
| Avg. Price | 52.19 | 53.50 | 57.54 | 61.28 | 64.73 | 67.99 | 72.44 | 76.48 | 80.77 | 79.09 | 73.79 | 72.49 | 77.08 |
| Year-End Price | 52.28 | 54.83 | 57.70 | 60.98 | 67.44 | 70.03 | 74.84 | 78.96 | 81.32 | 76.28 | 69.08 | 76.19 | 77.08 |
NSTAR ELECTRIC CO passes 2 of 9 quality checks, indicating weak fundamentals.
NSTAR ELECTRIC CO trades at 21.2x trailing earnings, compared to its 15-year median P/E of 21.7x, suggesting it is currently Fair relative to its historical range. The company's 5-year average ROIC is 4.9%. Total shareholder yield (dividends) is 3.7%. At current prices, the estimated annualized return to fair value is -5.3%.
NSTAR ELECTRIC CO (NSARO) has a net profit margin of 6.8%. This is a modest margin.
NSTAR ELECTRIC CO (NSARO) generated $-2.3 billion in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
NSTAR ELECTRIC CO (NSARO) has a debt-to-equity ratio of 1.78. This indicates higher leverage, which may increase financial risk.
NSTAR ELECTRIC CO (NSARO) reported earnings per share (EPS) of $2.27 in its most recent fiscal year.
NSTAR ELECTRIC CO (NSARO) has a return on equity (ROE) of 5.6%. This indicates moderate shareholder returns.
The Ledger Terminal provides 14 years of financial data for NSTAR ELECTRIC CO (NSARO), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
NSTAR ELECTRIC CO (NSARO) has a book value per share of $42.06, based on its most recent annual SEC filing.
No recent press releases.