Ameren owns rate-regulated generation, transmission, and distribution networks that deliver electricity and natural gas through the company's two main subsidiaries, Ameren Missouri and Ameren Illinois. It serves 2.5 million electricity customers and 900,000 natural gas customers across its two service territories.
It is a $28.3B utility company. Revenue grew 2.1% over the last year, it keeps 18¢ of every dollar of sales as profit, and it carries $18.8B of net debt. It trades at 18.1× earnings — in the cheapest third of its own history.
- Website
- amereninvestors.com
- Location
- St Louis, MO
- Employees
- 8 913
- Sector
- Utilities
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Growth, Health and Moat lag behind.
Valuation65
- P/E vs own history15th pct · 25/25
- FCF yield-4.9% · 0/25
- P/S3.2x · 20/25
- EV/EBITDA13.1x · 20/25
Growth49
- Revenue CAGR8.3% · 12/25
- Net income CAGR12.1% · 20/25
- EPS CAGR ~5Y9.3% · 12/25
- Fwd implied growth1.5% · 5/25
Profitability57
- ROIC6.5% · 5/25
- ROE11.7% · 12/25
- Net margin18.2% · 20/25
- Operating margin24.9% · 20/25
Health18
- Altman Z0.70 · 3/25
- Current ratio0.53 · 0/25
- Interest coverage3.1x · 10/25
- Net cash / debtD/A 39% · 5/25
Quality65
- Piotroski F6/9 · 15/25
- Beneish M-2.54 · 25/25
- FCF conversion-88% · 0/25
- Margin stabilityσ 2.7% · 25/25
Moat18
- ROIC >12% years0/10 yrs · 0/25
- Median gross marginn/a · 0/25
- FCF-positive years1/10 yrs · 0/25
- Worst-year net marginworst 8.5% · 18/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2025FinancialBest year on record$1.49B net income
- FY2016FinancialProfitable every year on record10 consecutive profitable years in our data
- FY2016FinancialRevenue already above $1B$6.08B in first reported year
- 2015MilestoneAmeren became the first major energy company to open an Innovation Center at the Research Park, University…
- 2004AcquisitionAmeren acquired the third partner from the 1952 Midwest Power Pool system, Illinois Power Company, from…
- 2003AcquisitionAmeren acquired Peoria-based CILCORP, Inc. and its leading subsidiary, Central Illinois Light Company, from…
- Feb 1, 2000AcquisitionIllinova became a wholly owned subsidiary of Dynegy Inc
- 1998AcquisitionDynegy in turn had been created in June 1998, from the merger of Chevron's natural gas and natural gas liquids…
- Dec 31, 1997AcquisitionThe merger was completed on December 31, 1997, when the two public companies became one
- 1995AcquisitionShareholders of both CIPSCO Inc. and of its neighboring utility of twice its size, the S&P 500-listed Union…
- 1991MilestoneIllinois Power reorganized as a holding company, Illinova Corporation
- 1952MilestoneAmeren's second major constituent, the Central Illinois Public Service Company, became a major pooled…
- 1929MilestonePrior to the formation of Ameren, the first major development in the history of its constituent parts occurred in 1929
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- High gross margin (43.4%)
Watch-outs
- Negative free cash flow (-$1.4B)
- Altman Z-Score 0.70 — elevated financial-distress risk
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+2.1% YoY
- Profitable — makes more than it spends$1.59B TTM
- Profit growing — earnings are higher than last year+8.9% YoY
- Generates cash — cash left after running and investing-$1.40B TTM
- Debt under control — could handle its obligationscurrent ratio 0.53
- Established company — not a micro-cap — lower blow-up risk$28.3B market cap
- Not printing shares — share count not ballooning — you keep your slice+9.4% shares over ~5y
- Proven track record — years of profitability behind it10/10 profitable years
- Financially stable — balance sheet not near distressAltman Z 0.7 — distress
- Pays a dividend — returns cash to shareholdersyield 2.82%
- Valuation not extreme — price not wildly above earningsP/E 18.1
Peer comparisonAmeren Corporation vs 6 largest utilities peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| AEE this company | $28.3B | 18.1 | +2.1% | 18.2% | Strained |
| NEE NextEra Energy, Inc. | $161.3B | 17.4 | +10.8% | 32.4% | Strained |
| CEG Constellation Energy Corporation | $105.8B | 30.5 | +26.0% | 11.1% | Strained |
| SO The Southern Company | $99.1B | 21.3 | +6.4% | 15.4% | Strained |
| DUK Duke Energy Corporation | $90.9B | 17.3 | +6.3% | 15.8% | Strained |
| WMB Williams Companies Inc. | $89.2B | 29.0 | +8.7% | 25.2% | Strained |
| KMI Kinder Morgan, Inc. | $72.4B | 20.9 | +12.5% | 19.3% | Strained |
Head-to-head: AEE vs NEE · AEE vs CEG · AEE vs SO
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/AEE
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of AEE on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $102.19 · market cap $28.3B.