MGE Energy Inc. (MGEE)
OvervaluedFundamental
61
Price
$69.45
Market Cap
$2.62B
Part 1 · What the company is worth
Overview
MGE Energy, Inc., through its subsidiaries, operates as a public utility holding company in the United States. It operates through Regulated Electric Utility Operations; Regulated Gas Utility Operations; Nonregulated Energy Operations; Transmission Investments; and All Other segments. The company generates, purchases, and distributes electricity; purchases and distributes natural gas; owns and leases electric generating capacity; and plans, constructs, operates, maintains, and expands transmission facilities to provide transmission power services. It also generates electricity from coal-fired, gas-fired, and renewable energy sources and provides solar and wind generation, and battery storage services. As of December 31, 2025, the company owned and operated 811 miles of overhead electric distribution lines; 1,386 miles of underground electric distribution cables; 47 substations with an installed capacity of 1.2 million kVA; and gas facilities, including 3,117 miles of distribution mains, as well as supplied electric service to approximately 170,000 customers. MGE Energy, Inc. has a strategic partnership with Realta Fusion Inc. and Madison Gas and Electric Company. MGE Energy, Inc. was incorporated in 2001 and is headquartered in Madison, Wisconsin.
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Direct competitors
Who this company fights with for the same customers
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No competitor list for this company yet.
Balance Sheet & Liquidity
Revenue
$776M
Fiscal year ended 12/31/2025
Net Income
$136M
Fiscal year ended 12/31/2025
Free Cash Flow
$-80M
Total Equity
$1.30B
Total Liabilities
$1.85B
Current Ratio
1.15
Interest Coverage
4.75
Debt/EBITDA
3.26
Earnings Per Share
Revenue & Net Income
Free Cash Flow
Income Breakdown
No income data available
Historical statement
Margins over time
Debt over time
How heavy the debt is
Growth grid
Growth — Revenue
Fair Value Estimation
Fair Value
$56.26
Current Price
$69.45
Margin of Safety
-23.5%
Fair Value Range
$40.51 - $72.01
Spread across the valuation methods used, not a statistically calibrated confidence interval.
Estimation Methods
Valuation Metrics
P/E Ratio
17.81
ROE
10.4%
P/B Ratio
1.89
P/FCF
-
Gross Margin
-
ROIC
4.5%
Profitability Radar
Value Creation (Economic Moat)
ROIC
4.5%
WACC
6.9%
ROIC − WACC
-2.4 pp
ROIC is below the cost of capital — the company is destroying value for every dollar invested.
Fundamental Analysis Criteria
Passed (14)
- EPS shows upward trend
- P/B Ratio 1.89
- Debt/Equity ratio
- Current Ratio
- Interest Coverage
- Debt/EBITDA
- Return on Tangible Assets
- Low reliance on intangibles
- ROE 11.1%
- Revenue Growth 5Y 6.7%
- Earnings Surprise avg 6.6%
- Earnings Quality (OCF/NI) 1.86
- Share Dilution 0.9%
- Piotroski F-Score 5/9
Failed (8)
- EPS CAGR 2.66%
- Price CAGR 0.82%
- ROIC 4.5%
- Positive Free Cash Flow
- Price below Graham Number
- DCF valuation (Overvalued)
- Analyst Consensus 13% Buy
- PEG Ratio 2.35
Unavailable (6)
- Gross Margin NaN%
- P/FCF NaN
- Dividend Payout NaN%
- Operating Margin NaN%
- CapEx intensity
- Net Margin Trend (invalid data)
Piotroski F-Score
Mixed signals: some areas need attention
Earnings Quality
High quality: earnings backed by cash
Share Dilution
Share count is stable
Institutional Holdings
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Mr. Jeffrey M. Keebler | President, CEO & Chairman of the Board | 53 |
| Mr. Jared Joseph Bushek | Executive VP, CFO & Treasurer | 44 |
| Ms. Cari Anne Renlund | VP, General Counsel & Secretary | 51 |
| James J. Lorenz | Vice President of Energy Operations | 58 |
| Jenny Lynn Lagerwall | Assistant VP of Accounting & Controller | 40 |
| Mr. Ken Frassetto | Director of Shareholder Services & Treasury Management | - |
Audit Risk
2
Board Risk
3
Compensation Risk
1
Shareholder Rights Risk
3
Part 2 · The price and when to enter
This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.
Documents
- View document
Annual Report (10-K)
A yearly overview of the business, its financial results, and the risks it faces.
Filed on 2026-02-24
- View document
Quarterly Report (10-Q)
A snapshot of financial performance for the most recent three-month period.
Filed on 2026-08-05
- View document
Current Report (8-K)
An announcement of a major event, such as a leadership change or big news.
Filed on 2026-08-21
via SEC EDGAR
Income History
via SEC EDGAR
Latest News
Recent headlines for MGEE, sourced from Markets Gazette.