A Business at a Glance
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UNION ELECTRIC CO
UELMO
$16.7B
Mkt Cap
$61.50
+0.00%
UNION ELECTRIC CO (UELMO) has a current P/E ratio of 11.5, compared to its historical median P/E of 19.5. The stock is currently considered Cheap based on its historical valuation range.
UNION ELECTRIC CO (UELMO) has a 5-year average return on invested capital (ROIC) of 5.1%. This is below average and may indicate limited pricing power.
UNION ELECTRIC CO (UELMO) has a market capitalization of $16.7B. It is classified as a large-cap stock.
Yes, UNION ELECTRIC CO (UELMO) pays a dividend with a trailing twelve-month yield of 4.59%.
Based on historical P/E analysis, UNION ELECTRIC CO (UELMO) appears cheap. The current P/E of 11.5 is 41% below its historical median of 19.5. The estimated fair value CAGR (P/E method) is 6.2%.
UNION ELECTRIC CO (UELMO) operates in the Electric Services industry, within the Utilities sector.
UNION ELECTRIC CO (UELMO) reported annual revenue of $8.8 billion in its most recent fiscal year, based on SEC EDGAR filings.
Ameren, formed in 1997 and headquartered in St. Louis, Missouri, is a public utility holding company whose primary assets are its equity interests in its subsidiaries. Ameren’s subsidiaries are separate, independent legal entities with separate businesses, assets, and liabilities. Dividends on Ameren’s common stock and the payment of expenses by Ameren depend on distributions made to it by its subsidiaries. Below is a summary description of Ameren’s principal subsidiaries – Ameren Missouri, Ameren Illinois, and ATXI. Ameren also has other subsidiaries that conduct other activities, such as providing shared services. A more detailed description can be found in Note 1 – Summary of Significant Accounting Policies under Part II, Item 8, of this report. •Ameren Missouri operates a rate-regulated electric generation, transmission, and distribution business and a rate-regulated natural gas distribution business in Missouri.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 8.8B | 8.8B | 7.6B | 7.5B | 8.0B | 6.4B |
| Net Income | 1.5B | 1.5B | 1.2B | 1.2B | 1.1B | 990M |
| EPS | $5.35 | $5.35 | $4.42 | $4.38 | $4.14 | $3.84 |
| Free Cash Flow | -775M | -775M | -1.6B | -1.0B | -1.1B | -1.8B |
| ROIC | 5.6% | 5.8% | 4.6% | 4.8% | 5.1% | 4.9% |
| Gross Margin | 77.6% | 77.6% | 74.2% | 75.1% | 75.7% | 72.3% |
| Debt/Equity | 1.48 | 1.48 | 1.55 | 1.45 | 1.44 | 1.40 |
| Dividends/Share | $2.82 | $2.82 | $2.67 | $2.52 | $2.35 | $2.19 |
| Operating Income | 2.0B | 2.0B | 1.5B | 1.6B | 1.5B | 1.3B |
| Operating Margin | 23.0% | 23.0% | 19.9% | 20.8% | 19.0% | 20.8% |
| ROE | 10.9% | 11.4% | 9.8% | 10.2% | 10.2% | 10.2% |
| Shares Outstanding | 272M | 272M | 267M | 263M | 259M | 258M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 6.1B | 6.1B | 6.1B | 6.2B | 6.3B | 5.9B | 5.8B | 6.4B | 8.0B | 7.5B | 7.6B | 8.8B | 8.8B |
| Gross Margin | 86.4% | 85.6% | 87.7% | 88.1% | 87.8% | 70.5% | 71.3% | 72.3% | 75.7% | 75.1% | 74.2% | 77.6% | 77.6% |
| 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 | 1.3B | 1.3B | 1.4B | 1.4B | 1.4B | 1.3B | 1.3B | 1.3B | 1.5B | 1.6B | 1.5B | 2.0B | 2.0B |
| Op. Margin | 20.7% | 20.6% | 22.7% | 22.8% | 21.6% | 21.4% | 22.4% | 20.8% | 19.0% | 20.8% | 19.9% | 23.0% | 23.0% |
| Net Income | 586M | 630M | 653M | 523M | 815M | 828M | 871M | 990M | 1.1B | 1.2B | 1.2B | 1.5B | 1.5B |
| Net Margin | 9.7% | 10.3% | 10.7% | 8.5% | 13.0% | 14.0% | 15.0% | 15.5% | 13.5% | 15.4% | 15.5% | 16.5% | 16.5% |
| Non-Recurring | 0 | 69M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 5.6% | 5.6% | 5.9% | 5.0% | 6.3% | 5.8% | 5.5% | 4.9% | 5.1% | 4.8% | 4.6% | 5.8% | 5.6% |
| ROE | 8.7% | 9.1% | 9.2% | 7.3% | 10.7% | 10.3% | 9.7% | 10.2% | 10.2% | 10.2% | 9.8% | 11.4% | 10.9% |
| ROA | 2.6% | 2.7% | 2.6% | 2.0% | 3.0% | 2.9% | 2.7% | 2.8% | 2.8% | 2.8% | 2.7% | 3.1% | 3.0% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 1.6B | 2.0B | 2.1B | 2.1B | 2.2B | 2.2B | 1.7B | 1.7B | 2.3B | 2.6B | 2.8B | 3.4B | 3.4B |
| Free Cash Flow | -234M | 114M | 47M | -14M | -116M | -241M | -942M | -1.8B | -1.1B | -1.0B | -1.6B | -775M | -775M |
| Owner Earnings | 816M | 1.2B | 1.3B | 1.2B | 1.2B | 1.1B | 621M | 362M | 866M | 1.1B | 1.2B | 1.7B | 1.7B |
| CapEx | 1.8B | 1.9B | 2.1B | 2.1B | 2.3B | 2.4B | 2.7B | 3.5B | 3.4B | 3.6B | 4.3B | 4.1B | 4.1B |
| Maint. CapEx | 710M | 777M | 835M | 876M | 938M | 1.0B | 1.1B | 1.3B | 1.4B | 1.4B | 1.5B | 1.6B | 1.6B |
| Growth CapEx | 1.1B | 1.1B | 1.2B | 1.3B | 1.3B | 1.4B | 1.6B | 2.2B | 2.0B | 2.2B | 2.8B | 2.5B | 2.5B |
| D&A | 710M | 777M | 835M | 876M | 938M | 1.0B | 1.1B | 1.3B | 1.4B | 1.4B | 1.5B | 1.6B | 1.6B |
| CapEx/OCF | 115.1% | 94.4% | 97.8% | 100.7% | 105.3% | 111.1% | 154.5% | 209.5% | 148.1% | 140.3% | 156.3% | 123.1% | 123.1% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 390M | 402M | 416M | 431M | 451M | 472M | 494M | 565M | 610M | 662M | 714M | 768M | 768M |
| Dividend Yield | 3.0% | 2.9% | 2.8% | 2.9% | 2.8% | 2.9% | 2.9% | 2.9% | 3.5% | 4.1% | 4.6% | 4.8% | 4.6% |
| Share Buybacks | 0 | 0 | 0 | 24M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | 0.1% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 25M | 24M | 17M | 17M | 20M | 20M | 21M | 22M | 24M | 26M | 28M | 28M | 28M |
| Debt Repayment | 346M | 413M | 257M | 74M | 112M | 157M | 50M | 55M | 522M | 533M | 607M | 499M | 499M |
| Balance Sheet | |||||||||||||
| Net Debt | 6.9B | 7.0B | 7.8B | 8.4B | 9.0B | 9.8B | 11.3B | 13.6B | 15.1B | 16.5B | 18.7B | 19.8B | 19.8B |
| Cash & Equiv. | 5.0M | 292M | 9.0M | 10M | 16M | 16M | 139M | 8.0M | 10M | 25M | 7.0M | 13M | 13M |
| Long-Term Debt | 6.1B | 6.9B | 6.6B | 7.1B | 7.9B | 8.9B | 11.1B | 12.6B | 13.7B | 15.1B | 17.3B | 18.2B | 18.2B |
| Debt/Equity | 1.03 | 1.09 | 1.10 | 1.17 | 1.18 | 1.22 | 1.30 | 1.40 | 1.44 | 1.45 | 1.55 | 1.48 | 1.48 |
| Interest Coverage | 3.7 | 3.5 | 3.6 | 3.6 | 3.4 | 3.3 | 3.1 | 3.5 | 3.1 | 2.8 | 2.3 | 2.6 | 2.6 |
| Equity | 6.7B | 6.9B | 7.1B | 7.2B | 7.6B | 8.1B | 8.9B | 9.7B | 10.5B | 11.3B | 12.1B | 13.4B | 13.4B |
| Total Assets | 22.3B | 23.6B | 24.7B | 25.9B | 27.2B | 28.9B | 32.0B | 35.7B | 37.9B | 40.8B | 44.6B | 48.5B | 48.5B |
| Total Liabilities | 15.4B | 16.6B | 17.5B | 18.6B | 19.4B | 20.7B | 22.9B | 25.9B | 27.3B | 29.4B | 32.4B | 34.9B | 34.9B |
| Intangibles | 411M | 411M | 411M | 411M | 411M | 411M | 411M | 411M | 411M | 411M | 411M | 411M | 411M |
| Retained Earnings | 1.1B | 1.3B | 1.6B | 1.7B | 2.0B | 2.4B | 2.8B | 3.2B | 3.6B | 4.1B | 4.6B | 5.3B | 5.3B |
| Working Capital | -555M | -176M | -1.1B | -1.3B | -1.2B | -1.1B | -527M | -858M | -698M | -1.2B | -1.1B | -1.3B | -1.3B |
| Current Assets | 1.7B | 1.9B | 1.6B | 1.6B | 1.5B | 1.4B | 1.7B | 2.0B | 2.7B | 2.2B | 2.3B | 2.6B | 2.6B |
| Current Liabilities | 2.2B | 2.1B | 2.7B | 2.9B | 2.7B | 2.5B | 2.2B | 2.8B | 3.4B | 3.3B | 3.4B | 3.9B | 3.9B |
| Per Share Data | |||||||||||||
| EPS | 2.40 | 2.59 | 2.68 | 2.14 | 3.32 | 3.35 | 3.50 | 3.84 | 4.14 | 4.38 | 4.42 | 5.35 | 5.35 |
| Owner EPS | 3.34 | 5.06 | 5.22 | 5.01 | 4.94 | 4.64 | 2.50 | 1.40 | 3.34 | 4.21 | 4.53 | 6.29 | 6.29 |
| Book Value | 27.49 | 28.56 | 29.15 | 29.40 | 31.09 | 32.61 | 35.92 | 37.62 | 40.51 | 43.15 | 45.30 | 49.24 | 49.24 |
| Cash Flow/Share | 6.35 | 8.35 | 8.71 | 8.67 | 8.84 | 8.78 | 6.94 | 6.44 | 8.72 | 9.75 | 10.33 | 12.32 | 11.27 |
| Dividends/Share | 1.61 | 1.66 | 1.72 | 1.76 | 1.84 | 1.91 | 1.99 | 2.19 | 2.35 | 2.52 | 2.67 | 2.82 | 2.82 |
| Shares Out. | 244.2M | 243.2M | 243.7M | 244.4M | 245.5M | 247.2M | 248.9M | 257.8M | 259.4M | 263.0M | 267.4M | 272.1M | 272.1M |
| Valuation | |||||||||||||
| P/E Ratio | 23.4 | 22.5 | 23.2 | 31.1 | 19.8 | 19.9 | 21.8 | 19.3 | 15.5 | 13.6 | 12.0 | 11.4 | 11.5 |
| P/FCF | N/A | 124.6 | 322.4 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EV/EBIT | 16.4 | 16.8 | 16.6 | 17.5 | 18.5 | 20.7 | 23.3 | 24.5 | 20.9 | 20.6 | 21.7 | 18.0 | 18.0 |
| Price/Book | 2.0 | 2.0 | 2.1 | 2.3 | 2.1 | 2.0 | 2.1 | 2.0 | 1.6 | 1.4 | 1.2 | 1.2 | 1.2 |
| Price/Sales | 2.2 | 2.3 | 2.5 | 2.4 | 2.6 | 2.8 | 3.0 | 3.0 | 2.2 | 2.2 | 2.0 | 1.8 | 1.9 |
| FCF Yield | -1.7% | 0.8% | 0.3% | -0.1% | -0.7% | -1.5% | -5.0% | -9.5% | -6.5% | -6.6% | -11.0% | -4.7% | -4.6% |
| Market Cap | 13.7B | 14.2B | 15.2B | 16.3B | 16.1B | 16.5B | 19.0B | 19.1B | 16.6B | 15.7B | 14.1B | 16.7B | 16.7B |
| Avg. Price | 53.95 | 57.31 | 61.31 | 61.45 | 66.03 | 66.88 | 69.53 | 75.00 | 66.67 | 62.10 | 57.82 | 58.95 | 61.50 |
| Year-End Price | 56.11 | 58.40 | 62.18 | 66.61 | 65.69 | 66.70 | 76.41 | 74.05 | 64.13 | 59.60 | 52.86 | 61.24 | 61.50 |
UNION ELECTRIC CO passes 6 of 9 quality checks, suggesting mixed fundamentals.
UNION ELECTRIC CO trades at 11.5x trailing earnings, compared to its 15-year median P/E of 19.5x, suggesting it is currently Cheap relative to its historical range. The company's 5-year average ROIC is 5.1% with a gross margin of 75.0%. Total shareholder yield (dividends) is 4.6%. At current prices, the estimated annualized return to fair value is +6.2%.
UNION ELECTRIC CO (UELMO) has a net profit margin of 16.5%. This is a healthy margin.
UNION ELECTRIC CO (UELMO) generated $-775 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
UNION ELECTRIC CO (UELMO) has a debt-to-equity ratio of 1.48. This indicates moderate leverage.
UNION ELECTRIC CO (UELMO) reported earnings per share (EPS) of $5.35 in its most recent fiscal year.
UNION ELECTRIC CO (UELMO) has a return on equity (ROE) of 11.4%. This indicates moderate shareholder returns.
UNION ELECTRIC CO (UELMO) has a 5-year average gross margin of 75.0%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 18 years of financial data for UNION ELECTRIC CO (UELMO), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
UNION ELECTRIC CO (UELMO) has a book value per share of $49.24, based on its most recent annual SEC filing.
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