Mge Energy Inc

Energy
Electric Utilities: Central
www.mgeenergy.com

Earnings Score
Moat Score
Safety Score
Final Score

Market Cap $3.32B
PE 28
Debt $768.98M
Cash $21.30M
EV $4.07B
FCF $40.86M

Earnings

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Sales & Net Margins

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Earnings	$120.57M
EBIT	$146.26M
ROE	10%
ROA	5%
FCF	$40.86M
Equity	$1.23B
Growth Stability	100%
PE	27.52
PEG	4.42
PB	2.7
P/FCF	81.2
P/S	4.9
Price/Cash	0.01
Debt/Equity	0.63
Debt/FCF	18.82
Net Margins	18%
Op. Margins	22%
Earnings CAGR	6%
Sales Growth YoY	4%
Sales Growth QoQ	2%
Sales CAGR	3%
FCF CAGR	-3%
Equity CAGR	7%
Earnings Stability	0.8
Earnings Growth YoY	10%
Earnings Growth QoQ	-46%
Earnings CAGR 5Y	6%

Sales CAGR 5Y	6%
FCF CAGR 5Y	6%
Equity CAGR 5Y	6%
Earnings CAGR 3Y	-0%
Sales CAGR 3Y	-0%
FCF CAGR 3Y	26%
Equity CAGR 3Y	6%
Market Cap	$3.32B
Revenue	$676.94M
Dividend Yield	2%
Payout Ratio	53%
Assets	$2.83B
Total Debt	$768.98M
Cash	$21.30M
Shares Outstanding	36.21M
EV	4.07B
Earnings Score	86%
Moat Score	82%
Safety Score	74%
Final Score	81%
Working Capital	101.7M
Current Ratio	1.81
Shares Growth 3y	0%
Equity Growth QoQ	3%
Equity Growth YoY	8%

Assets & ROA

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Stockholders Equity & ROE

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MGE Energy Inc is a U.S. public utilities holding company based in Wisconsin. The firm generates, purchases, and distributes electricity and natural gas, and also provides transmission services. Primarily, the company generates electricity from coal and purchased power, but also from natural gas, fuel oil, and renewable sources. MGE operates through four segments, that include Regulated electric utility operations, Regulated gas utility operations, Nonregulated energy operations (owning and leasing electric generating capacity), and Transmission investments. The majority of electric retail revenue is derived from commercial consumers whereas the majority of natural gas revenue is derived from residential consumers.

SEC Filings

Direct access to Mge Energy Inc (MGEE) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-K Dec 31
- 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 Mge Energy Inc compare to its competitors?

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Peter Lynch's Chart

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

CAGR 6%

Stability 80%

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Mge Energy Inc Discounted Cash Flow

Fully customizable DCF calculator online for Mge Energy Inc.

Years

Calculation mode

= $336M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$41M	$40M	$38M	$37M	$36M	$35M	$34M	$33M	$32M	$31M	$30M	$303M
DCF		$36M	$32M	$28M	$25M	$22M	$19M	$17M	$15M	$13M	$12M	$117M
Value	$336M

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	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Net Margins	13%	14%	17%	15%	15%	17%	17%	16%	17%	18%	18%
ROA	-	7%	7%	6%	5%	5%	5%	5%	5%	5%	5%
ROE	-	10%	13%	10%	10%	9%	10%	10%	10%	10%	10%

Good Net Margins (17.81%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

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	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Debt over FCF	-	6.19	18.16	-8.56	-16.19	-18.63	-39.62	-30.79	48.86	18.82	18.82
Debt over Equity	0.58	0.55	0.58	0.62	0.64	0.59	0.6	0.61	0.66	0.63	0.63
Growth Stability	-	-	-	100%	100%	100%	100%	100%	100%	100%	100%

Bad Debt/FCF ratio (18.82)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Good Debt/Equity ratio (0.63)

The company is not overleveraged and has a good balance between equity and debt.

Good Graham’s Stability (100%)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

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	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	CAGR 5Y
Revenue YoY growth	-	-3%	3%	-1%	2%	-5%	13%	18%	-3%	-2%	6%
Earnings YoY growth	-	6%	29%	-14%	3%	6%	14%	5%	6%	2%	6%
Equity YoY growth	-	5%	7%	5%	5%	14%	5%	5%	5%	8%	6%
FCF YoY growth	-	-8%	-61%	-338%	-43%	-9%	-49%	36%	-173%	164%	6%