Stock ALE ALLETE, INC.
Add to a list
To use this feature you must be a member
Log inSign up

Financials ALLETE, Inc.

Equities

ALE

US0185223007

Electric Utilities

Market Closed - Nyse
Other stock markets
 04:00:02 2024-04-26 pm EDT 		5-day change 1st Jan Change
59.02 USD -0.92% Intraday chart for ALLETE, Inc. -1.16% -3.50%
Apr. 25 ALLETE, Inc. Declares Quarterly Dividend on Common Stock, Payable on June 1, 2024 CI
Mar. 20 ALLETE, Inc. Announces Retirement of Margaret A. Thickens as Chief Legal Officer and Corporate Secretary, Effective May 31, 2024 CI

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 4,194 3,219 3,488 3,688 3,515 3,403 - -
Enterprise Value (EV) 1 5,738 4,972 5,420 5,572 5,235 5,158 5,541 5,896
P/E ratio 22.6 x 18.5 x 20.5 x 19.1 x 14.2 x 15.2 x 14.1 x 13.2 x
Yield 2.9% 3.99% 3.8% 4.03% 4.43% 4.78% 5% 5.23%
Capitalization / Revenue 3.38 x 2.75 x 2.46 x 2.35 x 1.87 x 1.96 x 1.93 x 1.85 x
EV / Revenue 4.63 x 4.25 x 3.82 x 3.55 x 2.78 x 2.97 x 3.14 x 3.21 x
EV / EBITDA 15 x 13.5 x 14.2 x 14.8 x 12.1 x 10.8 x 11 x 10.7 x
EV / FCF -16,508,617 x -11,894,556 x -25,836,431 x 6,964,890,936 x 16,665,769 x - - -
FCF Yield -0% -0% -0% 0% 0% - - -
Price to Book 1.88 x 1.41 x 1.46 x 1.37 x 1.25 x 1.18 x 1.13 x 1.12 x
Nbr of stocks (in thousands) 51,668 51,975 52,572 57,162 57,477 57,665 - -
Reference price 2 81.17 61.94 66.35 64.51 61.16 59.02 59.02 59.02
Announcement Date 2/13/20 2/17/21 2/16/22 2/16/23 2/20/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,240 1,169 1,419 1,571 1,880 1,738 1,767 1,835
EBITDA 1 381.8 368.7 383 376.4 432.7 479.5 504.5 550
EBIT 1 179.8 150.9 151.3 134.2 180.9 226 245.3 272.6
Operating Margin 14.49% 12.91% 10.66% 8.54% 9.62% 13% 13.89% 14.86%
Earnings before Tax (EBT) 1 178.9 122.1 110.9 100.1 206.8 181.7 201.9 199.6
Net income 1 185.6 174.2 169.2 189.3 247.1 223.4 241.2 263.3
Net margin 14.96% 14.9% 11.92% 12.05% 13.15% 12.86% 13.65% 14.35%
EPS 2 3.590 3.350 3.230 3.380 4.300 3.891 4.186 4.475
Free Cash Flow -347.6 -418 -209.8 0.8 314.1 - - -
FCF margin -28.02% -35.75% -14.78% 0.05% 16.71% - - -
FCF Conversion (EBITDA) - - - 0.21% 72.59% - - -
FCF Conversion (Net income) - - - 0.42% 127.11% - - -
Dividend per Share 2 2.350 2.470 2.520 2.600 2.710 2.823 2.953 3.085
Announcement Date 2/13/20 2/17/21 2/16/22 2/16/23 2/20/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 345.4 399 383.5 373.1 388.3 425.8 564.9 533.4 378.8 402.7 504.8 475.8 402.4 444.6 -
EBITDA 1 88.6 108.3 116.5 74.7 92.1 94.5 110.6 116 99.1 106.7 130 127 117 132 -
EBIT 1 31.1 50 54.8 13.7 33.4 33.7 48.3 53.5 36 43.1 69.45 54.9 44.45 72.15 -
Operating Margin 9% 12.53% 14.29% 3.67% 8.6% 7.91% 8.55% 10.03% 9.5% 10.7% 13.76% 11.54% 11.04% 16.23% -
Earnings before Tax (EBT) 1 19.2 41 42.6 12.5 19.6 25.4 39.1 40.3 88.9 38.5 54.7 39.75 29.3 57.95 -
Net income 1 27.6 61.9 66.3 37.6 33.7 51.7 58.2 51.5 85.9 51.5 64.65 46.5 40.9 64.7 -
Net margin 7.99% 15.51% 17.29% 10.08% 8.68% 12.14% 10.3% 9.66% 22.68% 12.79% 12.81% 9.77% 10.16% 14.55% -
EPS 2 0.5300 1.180 1.240 0.6700 0.5900 0.9000 1.020 0.9000 1.490 0.8900 1.066 0.8650 0.7800 1.100 1.240
Dividend per Share 2 0.6300 0.6300 0.6500 0.6500 0.6500 0.6500 0.6775 0.6775 0.6775 0.6800 0.7100 0.7100 0.7100 0.7100 -
Announcement Date 11/4/21 2/16/22 5/5/22 8/3/22 11/9/22 2/16/23 5/3/23 8/8/23 11/2/23 2/20/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,545 1,753 1,932 1,884 1,719 1,755 2,138 2,493
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 4.045 x 4.753 x 5.045 x 5.006 x 3.974 x 3.659 x 4.237 x 4.533 x
Free Cash Flow -348 -418 -210 0.8 314 - - -
ROE (net income / shareholders' equity) 8.46% 7.7% 7.19% 7.43% 8.98% 6.74% 7.29% 7.96%
ROA (Net income/ Total Assets) 3.49% 3.01% 2.7% 2.85% 3.66% 3.26% 3.46% 3.5%
Assets 1 5,324 5,784 6,260 6,634 6,751 6,845 6,966 7,520
Book Value Per Share 2 43.20 44.00 45.40 47.00 48.80 49.90 52.30 52.60
Cash Flow per Share 2 4.830 5.780 5.020 3.950 10.20 7.860 8.290 -
Capex 1 597 718 473 221 271 373 580 923
Capex / Sales 48.13% 61.4% 33.35% 14.04% 14.43% 21.48% 32.83% 50.27%
Announcement Date 2/13/20 2/17/21 2/16/22 2/16/23 2/20/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for ALLETE, Inc.

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
7
Last Close Price
59.02 USD
Average target price
62.69 USD
Spread / Average Target
+6.23%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Electric Utilities

1st Jan change Capi.
ALLETE, INC. Stock ALLETE, Inc.
-3.50% 3.4B
NEXTERA ENERGY Stock NextEra Energy
+8.64% 136B
SOUTHERN COMPANY Stock Southern Company
+4.41% 80.06B
IBERDROLA, S.A. Stock Iberdrola, S.A.
-2.19% 77.98B
DUKE ENERGY CORPORATION Stock Duke Energy Corporation
+0.69% 75.38B
ENEL S.P.A. Stock Enel S.p.A.
-8.92% 66.47B
CONSTELLATION ENERGY CORPORATION Stock Constellation Energy Corporation
+61.15% 59.36B
AMERICAN ELECTRIC POWER COMPANY, INC. Stock American Electric Power Company, Inc.
+4.97% 44.9B
DOMINION ENERGY, INC. Stock Dominion Energy, Inc.
+7.34% 42.26B
GE VERNOVA INC. Stock GE Vernova Inc.
0.00% 41.94B
Other Electric Utilities
  1. Stock Market
  2. Equities
  3. ALE Stock
  4. Financials ALLETE, Inc.