CEG
CEG
Constellation Energy Corporation
$258.84
-1.65% 2026-10-20
UtilitiesS&P 500
CEGSPY
1W
-12.5%
1M
+1.6%
3M
-1.1%
6M
-6.5%
YTD
-26.4%
1Y
-29.7%
Live chart
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Grades vs sector
Momentum3rd pct in sectorF
Momentum
3rd pct in sector
12-1 return: -32.2%
Percentile within its GICS sector across the S&P 1500.
Percentile within its GICS sector across the S&P 1500.
Growth97th pct in sectorA+
Growth
97th pct in sector
Revenue growth (YoY): +23.0%
Percentile within its GICS sector across the S&P 1500.
Percentile within its GICS sector across the S&P 1500.
Value11th pct in sectorD-
Value
11th pct in sector
Forward E/P: 4.9% · EBITDA/EV: 6.6%
Percentile within its GICS sector across the S&P 1500.
Percentile within its GICS sector across the S&P 1500.
Profitability61st pct in sectorB-
Profitability
61st pct in sector
Profit margin: +11.1% · Return on equity: +15.1%
Percentile within its GICS sector across the S&P 1500.
Percentile within its GICS sector across the S&P 1500.
RevisionsNot enough data yet–
Revisions
Not enough data yet
EPS estimate change, 30 days (current FY): –
30-day change in analysts' current-year EPS estimate; graded across covered stocks.
30-day change in analysts' current-year EPS estimate; graded across covered stocks.
Our models
Held by 1 of 5 live models: Conviction 20.
Conviction 20
6.0% of the book · Core sleeve
HeldQuality Growthnot ranked (outside this model's universe or screens)
Momentum Top 15rank 427 of 499 · 12-1 momentum % -16.0
Momentum Blendnot in the current book
New Highs Growthnot ranked (outside this model's universe or screens)
News
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Trefis · 8h ago
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Simply Wall St. · Oct 19
Is This Number The Biggest Risk To Constellation Energy Stock?
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The AI Data Center Race: 3 Stocks Cashing In Today and 1 Aiming to Next Year
24/7 Wall St. · Oct 19
Key stats
Market cap$91.7B
P/E (trailing)25.3
P/E (forward)19.5
52-week range228.63 – 406.04
Revenue growth (YoY, latest qtr)+23.0%
Dividend yield0.65%
Analyst consensusBuy (22)
Mean price target$337.57 (+30%)
Valuation and fundamentals
Valuation & fundamentals
Bottom line
Leans expensive
Model read-out from the numbers below, not advice. Score -2 (DCF counts double).
▼DCF (base case)below the price by 118%
•Forward P/E vs sector19.5x vs median 16.9x
•Piotroski F-score6/9
▼Altman Z1.5 (distress)
•Net debt / EBITDA2.9x
▲Analyst target+30% (22 analysts)
Discounted cash flow
Bear
$-55
-121%
growth 7% · disc. 10.9% · term. 2.0%
Base
$-47
-118%
growth 12% · disc. 9.9% · term. 2.5%
Bull
$-37
-114%
growth 15% · disc. 8.9% · term. 3.0%
A DCF starts from trailing free cash flow, so it can overstate value if the last 12 months were unusually strong (or weak). Use the bear case or edit the starting cash flow if so.
Reverse DCFfor context, not a signal
A normal DCF guesses future cash flows and works out a price. A reverse DCF runs it backwards: it starts from today's price and asks how fast free cash flow would have to grow to justify it. It tells you what the market is assuming, not whether the stock is cheap or expensive, and it is not a buy or sell signal. Glossary
Today's price assumes free cash flow grows about 49% a year for 10 years.
Implied
+49%/yr
FCF, last 3 yrs
n/a
FCF, last 5 yrs
n/a
Revenue, last 3 yrs
+1%/yr
Revenue, last 5 yrs
+8%/yr
Same inputs as the DCF above: trailing free cash flow 0.3B, 9.9% discount rate, 2.5% growth after year 10, net debt and today's share count. Actual growth rates are compound annual rates from SEC annual filings through FY2025; "n/a" means too little history or a negative starting year.
Edit assumptions · recalculates instantly
Your value per share–
Free cash flow = operating cash flow − capital spending, trailing 12 months (TTM to 2026-06-30). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 1.13 × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.
Multiples vs Utilities
P/E (trailing)
pricier
sector median 20.8× · 86th pct
25.3×pricier
Forward P/E
pricier
sector median 16.9× · 88th pct
19.5×pricier
EV / EBITDA
pricier
sector median 12.8× · 69th pct
14.0×pricier
Price / sales
cheaper
sector median 3.0× · 49th pct
2.9×cheaper
Price / book
pricier
sector median 1.9× · 90th pct
2.9×pricier
FCF yield
cheaper
sector median 0.1% · 51st pct
0.3%cheaper
Forward EPS $13.29 vs trailing $10.23 (+30% expected growth). Forward P/E uses analysts' next-12-month estimate.
Backlog (remaining performance obligations)
RPO
$11.9B
as of 2026-06-30
vs a year ago
+1287%
YoY
× TTM revenue
0.38×
coverage
Contracted revenue not yet recognized, from SEC filings (XBRL tag RevenueRemainingPerformanceObligation).
Quality & financial health
Gross margin
–
Operating margin
14.7%
FCF margin
1.0%
Net margin
11.1%
Return on equity
10.8%
Return on invested capital
5.6%
Net debt / EBITDA
2.9×
Current ratio
1.5×
Interest cover
5.9×
Cash conversion (OCF/NI)
1.2×
Piotroski F-score 6/9 · last two fiscal years
✓ Positive net income✓ Positive operating cash flow✗ Return on assets improved✓ Cash flow above net income✓ Long-term debt / assets fell✗ Current ratio improved✓ No share dilution✗ Gross margin improved✓ Asset turnover improved
Altman Z-score 1.5 (distress zone; above 3.0 = safe, below 1.8 = distress). Not meaningful for banks and insurers.
Analysts
Mean target
$338
+30%
Analysts
22
Buy
Range
$238–$395
low – high
● price · ◆ mean target
Annual history
| FY | Revenue | Net income | Free cash flow |
|---|---|---|---|
| 2025 | $25.5B | $2.3B | $1.3B |
| 2024 | $23.6B | $3.7B | $-5.0B |
| 2023 | $24.9B | $1.6B | $-7.7B |
| 2022 | $24.4B | $-160.0M | $-4.0B |
| 2021 | $19.6B | $-205.0M | $-2.7B |
| 2020 | $17.6B | $589.0M | $-1.2B |
From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR +1.5%.
Earnings
Next report: 2026-11-09 · before open · EPS est 3.73
EstimateActual (beat)Actual (miss)
| Report | EPS est | Actual | Surprise |
|---|---|---|---|
| 2026-08-06 | 2.28 | 2.55 | +11.7% |
| 2026-05-11 | 2.60 | 2.74 | +5.3% |
| 2026-02-24 | 2.25 | 2.30 | +2.4% |
| 2025-11-07 | 3.12 | 3.04 | -2.6% |
| 2025-08-07 | 1.83 | 1.91 | +4.2% |
| 2025-05-06 | 2.21 | 2.14 | -3.1% |
| 2025-02-18 | 2.14 | 2.44 | +14.1% |
| 2024-11-04 | 2.68 | 2.74 | +2.3% |
Quarterly revenue
| Quarter | Revenue | YoY |
|---|---|---|
| 2026-06-30 | $7.5B | +23.0% |
| 2026-03-31 | $11.1B | – |
| 2025-12-31 | $6.1B | – |
| 2025-09-30 | $6.6B | – |
| 2025-06-30 | $6.1B | – |
Analyst actions
CIBC
PT $358
2026-10-16 · init
→ OutperformerPT $358
Bernstein
PT $296
2026-10-06 · reit
Outperform → OutperformPT $296
Morgan Stanley
PT $369
2026-09-18 · main
Overweight → OverweightPT $369
Morgan Stanley
PT $364
2026-08-21 · main
Overweight → OverweightPT $364
Argus Research
PT $325
2026-08-11 · main
Buy → BuyPT $325
UBS
PT $380
2026-07-28 · main
Buy → BuyPT $380
Recent dividends
2026-08-18: $0.427 · 2026-05-15: $0.427 · 2026-03-09: $0.427 · 2025-11-17: $0.388 · 2025-08-18: $0.388 · 2025-05-16: $0.388 · 2025-03-07: $0.388 · 2024-11-15: $0.353
Insider trades
Crandall Roger W
$417.9K
Director · 2026-08-11
BUY$417.9K
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Stats refreshed 2026-10-20 17:52:10 ET from Yahoo Finance (yfinance). "–" means the data isn't available. Refresh now
coteauCoteau Systematic Strategies publishes stock research and model portfolios. It doesn't manage money or give investment advice. Results are hypothetical unless marked Live. Data: Yahoo Finance (delayed) and SEC EDGAR.