Avangrid, Inc.

Utilities
Electric Utilities: Central
www.avangrid.com

Earnings Score
Moat Score

Market Cap $11.83B
PE 12
Debt $NaN
Cash $151.00M
EV $NaN
FCF -$2.65B

Earnings

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Sales & Net Margins

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Earnings	$990.00M
EBIT	$1.31B
ROE	5%
ROA	3%
FCF	-$2.65B
Equity	$20.69B
Growth Stability	87%
PE	11.95
PEG	3.21
PB	0.57
P/FCF	-4.47
P/S	1.36
Price/Cash	0.01
Net Margins	10%
Op. Margins	15%
Earnings CAGR	7%
Sales Growth YoY	6%
Sales Growth QoQ	8%
Sales CAGR	6%
FCF CAGR	-1%
Equity CAGR	5%
Earnings Stability	0.37
Earnings Growth YoY	455%

Earnings Growth QoQ	34%
Earnings CAGR 5Y	4%
Sales CAGR 5Y	8%
Equity CAGR 5Y	7%
Earnings CAGR 3Y	8%
Sales CAGR 3Y	8%
Equity CAGR 3Y	1%
Market Cap	$11.83B
Revenue	$8.71B
Dividend Yield	6%
Payout Ratio	69%
Assets	$46.73B
Cash	$151.00M
Shares Outstanding	332.62M
Earnings Score	18%
Moat Score	58%
Working Capital	-3.47B
Current Ratio	0.51
Shares Growth 3y	-2%
Equity Growth QoQ	-1%
Equity Growth YoY	2%

Assets & ROA

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Stockholders Equity & ROE

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Avangrid operates two business units, Networks and Renewables. Networks operates eight regulated electric and natural gas utilities across New York, Maine, Connecticut, and Massachusetts, serving over 3 million customers. Renewables has historically focused on developing onshore wind projects but is looking to make significant developments in solar and offshore wind over the next five years. It operates more than 8.3 gigawatts of renewable energy across the U.S. Spanish utility Iberdrola spun off Avangrid's predecessor, Iberdrola USA, in 2015. Iberdrola owns 81.5% of Avangrid.

SEC Filings

Direct access to Avangrid, Inc. (AGR) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Avangrid, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Avangrid, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 7%

Stability 37%

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Avangrid, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Avangrid, Inc..

Years

Calculation mode

= -$25B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	-$2.6B	-$2.6B	-$2.6B	-$2.6B	-$2.6B	-$2.5B	-$2.5B	-$2.5B	-$2.5B	-$2.5B	-$2.5B	-$25B
DCF		-$2.4B	-$2.2B	-$1.9B	-$1.8B	-$1.6B	-$1.4B	-$1.3B	-$1.2B	-$1B	-$946M	-$9.5B
Value	-$25B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	9%	6%	10%	6%	9%	11%	9%	9%	10%	8%	10%
ROA	-	2%	4%	1%	4%	3%	2%	2%	2%	2%	3%
ROE	-	2%	4%	3%	4%	4%	3%	3%	4%	3%	5%

Net Margins (9.68%)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	17.71	-35.67	-9.44	1.59K	-7.13	-5.43	-6.12	-6.19	-5.46	-
Debt over Equity	0.22	0.33	0.34	0.41	0.41	0.52	0.51	0.43	0.45	0.54	-
Growth Stability	-	-	-	87%	100%	100%	98%	100%	100%	100%	87%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (-)

The company has a balance between equity and debt that is not too good nor too bad.

Neutral Graham’s Stability (87%)

The company has a stability in its earnings that is not too good nor too bad.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-5%	38%	-1%	9%	-2%	-0%	10%	14%	5%	8%
Earnings YoY growth	-	-37%	136%	-40%	56%	12%	-19%	19%	28%	-19%	4%
Equity YoY growth	-	21%	0%	-0%	2%	1%	2%	26%	2%	2%	7%
FCF YoY growth	-	-7%	-152%	347%	-101%	-29K%	30%	-5%	5%	38%	-