Company Valuation: Essential Utilities, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 13,570 12,519 10,203 9,974 10,855 11,547 - -
Change - -7.74% -18.5% -2.24% 8.83% 6.37% - -
Enterprise Value (EV) 1 19,618 19,335 17,265 17,710 19,102 20,613 21,369 21,986
Change - -1.44% -10.71% 2.58% 7.86% 7.91% 3.67% 2.89%
P/E 32.1x 27x 20.1x 16.7x 17.4x 18.3x 17.1x 16x
PBR 2.67x 2.34x 1.73x 1.61x 1.58x 1.59x 1.53x 1.47x
PEG - 4.51x 3.95x 1x 12.59x 17.58x 2.45x 2.36x
Capitalization / Revenue 7.23x 5.47x 4.97x 4.78x 4.39x 4.55x 4.29x 4.05x
EV / Revenue 10.4x 8.45x 8.41x 8.49x 7.72x 8.13x 7.94x 7.71x
EV / EBITDA 21.8x 19.7x 16.7x 15.7x 14.3x 14.1x 13.6x 13x
EV / EBIT 32.5x 29.2x 24.9x 23.4x 20.7x 20x 18.9x 17.7x
EV / FCF -52.2x -41.8x -65x -31.7x - -32.6x -39.6x -48.9x
FCF Yield -1.92% -2.39% -1.54% -3.16% - -3.07% -2.52% -2.05%
Dividend per Share 2 1.038 1.11 1.188 1.265 1.336 1.409 1.495 1.58
Rate of return 1.93% 2.33% 3.18% 3.48% 3.48% 3.46% 3.67% 3.88%
EPS 2 1.67 1.77 1.86 2.17 2.2 2.223 2.378 2.539
Distribution rate 62.1% 62.7% 63.9% 58.3% 60.7% 63.4% 62.9% 62.2%
Net sales 1 1,878 2,288 2,054 2,086 2,475 2,535 2,691 2,851
EBITDA 1 900.7 982.4 1,036 1,127 1,338 1,464 1,569 1,691
EBIT 1 602.7 661.2 692.1 757.7 921 1,028 1,131 1,239
Net income 1 431.6 465.2 498.2 595.3 616.4 646.9 694.6 744.3
Net Debt 1 6,048 6,816 7,062 7,736 8,247 9,066 9,822 10,439
Reference price 2 53.69 47.73 37.35 36.32 38.36 40.71 40.71 40.71
Nbr of stocks (in thousands) 252,743 262,291 273,166 274,611 282,976 283,633 - -
Announcement Date 23/2/22 27/2/23 22/2/24 26/2/25 25/2/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18.31x8.13x14.08x3.46% 11.55B
15.09x5.66x8.96x2.76% 19.37B
14.39x7.4x12.41x4% 13.69B
19.63x6.65x13.34x4.25% 12.3B
23.95x - - 2.37% 3.45B
9.96x - - - 3.16B
21.4x - - 2.55% 3.14B
11.04x - - - 3.11B
20.18x5.24x12.67x6.41% 2.95B
8.43x5.99x8.47x5.8% 2.37B
Average 16.24x 6.51x 11.65x 3.95% 7.51B
Weighted average by Cap. 16.48x 6.69x 11.69x 3.62%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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