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Alliant Energy Corporation (LNT)

Überbewertet
UtilitiesUtilities - Regulated ElectricUnited States

Fundamental

59

Kurs

$63.48

Marktkapitalisierung

$16.42B

Teil 1 · Was das Unternehmen wert ist

Übersicht

Alliant Energy owns two regulated utilities, Interstate Power and Light in Iowa and Wisconsin Power and Light in Wisconsin, that generate and deliver electricity and distribute natural gas to homes and businesses in the Midwest. It builds and operates power plants, transmission lines and gas pipelines within a territory where state regulators, not competitors, set the prices it can charge and the returns it can earn.

Wie das Geld verdient wird

Customers pay metered rates for electricity and gas that regulators approve in advance through rate cases, designed to let Alliant recover its costs and earn a set return on the capital it invests in plants and wires. Growth therefore comes mainly from adding new rate base — power plants, grid upgrades, renewable projects — rather than from selling more volume to existing customers, whose usage regulators actively try to keep efficient.

Umsatz nach Segment

Electric84.8%

Generation, transmission and retail sale of electricity to roughly a million customers across Iowa and Wisconsin.

Gas12%

Distribution and transportation of natural gas to roughly 435,000 residential and business customers.

Other and non-utility3.2%

Smaller regulated and non-utility activities that fall outside the core electric and gas businesses.

Wettbewerbsvorteil

Skaleneffekte · Schmal

Building a second set of power plants and wires to compete for the same customers would be prohibitively expensive, so Alliant effectively holds a monopoly within its service territory. That advantage is narrow rather than wide because regulators, not the market, decide how much profit the company is allowed to keep on the capital it deploys.

Was die Nachfrage antreibt

Defensiv

Households and businesses need electricity and gas regardless of the economic cycle, so volumes are stable and driven mainly by weather rather than by consumer spending or industrial activity. The main swing factor is temperature: a mild winter or summer reduces heating and cooling demand and can dent a given year's results.

Wichtigste Risiken

  • Outcome of rate cases — Earnings growth depends on state regulators approving rate increases that let Alliant recover its investments and earn its allowed return; a less favorable or delayed decision slows growth directly.
  • Large, ongoing capital spending — The company has a multi-year plan of heavy investment in renewable generation and grid upgrades; higher interest rates or construction cost inflation raise the price of that program and pressure returns.
  • Weather dependence — Unusually mild seasons reduce heating and cooling demand and can lower revenue in a given period, independent of the underlying customer base.
  • Environmental and climate regulation — Evolving rules on emissions and the pace of the shift away from fossil generation create uncertainty about future compliance costs and the value of existing plants.

Die Argumente dafür

Buyers argue that a regulated monopoly with a clear, multi-year investment plan in renewables and grid modernization offers predictable earnings growth as new capital enters the rate base, with limited exposure to economic downturns.

Die Argumente dagegen

Sellers fear that regulators will push back on the size or pace of rate increases needed to fund the capital plan, and that persistently higher interest rates raise financing costs faster than allowed returns can adjust.

Written by the editors, published on 18. August 2026

Direct competitors

Who this company fights with for the same customers

Compare

Generated on 19. September 2026 with claude-haiku-4-5 — shared with all users

P/E: 19.6Score: 53Market cap: $33.06B

The closest peer in Wisconsin: its We Energies and Wisconsin Public Service utilities serve regulated electric and gas customers in the same state as Alliant's WPL, and the two compete for the same large industrial and data-center load, for territory at municipal boundaries and in the MISO wholesale power market.

P/E: 19.3Score: 49Market cap: $43.45B

Through Northern States Power it runs regulated electric and gas utilities in western Wisconsin, Minnesota and the upper Midwest, bordering Alliant's Iowa and Wisconsin territories and selling into the same MISO wholesale market.

P/E: 17.8Score: 61Market cap: $2.55B

A smaller Wisconsin utility whose Madison-area electric and gas service territory is interleaved with Alliant's WPL, under the same state regulator and competing for the same growing customers in south-central Wisconsin.

P/E: 17.5Score: 61Market cap: $27.52B

A regulated electric and gas utility holding company in Missouri and Illinois with the same rate-regulated business model, competing with Alliant in the MISO wholesale energy and capacity market and for industrial customers siting in the Midwest.

P/E: 20.9Score: 56Market cap: $17.90B

A regulated Midwest electric utility of comparable size in Kansas and Missouri, selling into the same regional wholesale markets and courting the same large data-center and manufacturing load that Alliant is trying to attract to Iowa and Wisconsin.

Bilanz & Liquidität

Umsatz

$4.42B

Letzte 12 Monate (bis 31.3.2026)

Nettogewinn

$821M

Letzte 12 Monate (bis 31.3.2026)

Freier Cashflow

-

Gesamtes Eigenkapital

$7.33B

Gesamtverbindlichkeiten

$17.66B

Current Ratio

0.69

Zinsdeckungsgrad

1.90

Schulden/EBITDA

6.56

Gewinn je Aktie

Umsatz & Nettogewinn

Freier Cashflow

Ertragsaufschlüsselung

Historische Aufstellung

Margen im Zeitverlauf

Verschuldung im Zeitverlauf

Wie schwer die Schulden wiegen

Wachstumsraster

Wachstum — Umsatz

Innerer-Wert-Schätzung

Regulierter VersorgerÜberbewertet

Innerer Wert

$50.93

Aktueller Kurs

$63.48

Sicherheitsmarge

-24.6%

Innerer-Wert-Spanne

$33.10 - $68.75

Streubreite zwischen den verwendeten Bewertungsmethoden, kein statistisch kalibriertes Konfidenzintervall.

Bewertungsmethoden

Kursziel der Analysten:$78.04
Diskontierter Cashflow (DCF):$9.62
Gewinnmultiplikator (P/E):$56.53
Graham-Wachstumsformel:Nicht anwendbar für diesen Unternehmenstyp
Ertragskraftwert (EPV):$37.09
Gerechtfertigtes P/B:Nicht anwendbar für diesen Unternehmenstyp
Dividendendiskontierung (Gordon):$51.90
P/FFO, Funds from Operations:Nicht anwendbar für diesen Unternehmenstyp
Gewinn im Zyklusmittel:Nicht anwendbar für diesen Unternehmenstyp
Umsatzmultiplikator:Nicht anwendbar für diesen Unternehmenstyp
Analystenkonsens:Kaufen (11B / 7H / 0S)
Letzte Gewinnüberraschung:+9.06%

Bewertungskennzahlen

P/E-Verhältnis

19.91

ROE

11.0%

P/B-Verhältnis

2.20

P/FCF

-

Bruttomarge

85.8%

ROIC

3.5%

Rentabilitäts-Radar

Wertschöpfung (Wettbewerbsvorteil)

ROIC

3.5%

WACC

6.0%

ROIC − WACC

-2.5 pp

Der ROIC liegt unter den Kapitalkosten: Das Unternehmen vernichtet für jeden investierten Dollar Wert.

Fundamentalanalyse-Kriterien

Bestanden (16)

  • EPS shows upward trend
  • Price CAGR 5.33%
  • Gross Margin 85.8%
  • P/B Ratio 2.20
  • Debt/Equity ratio
  • Operating Margin 23.0%
  • Interest Coverage
  • Return on Tangible Assets
  • Low reliance on intangibles
  • ROE 11.0%
  • Revenue Growth 5Y 5.1%
  • Analyst Consensus 61% Buy
  • Earnings Quality (OCF/NI) 1.57
  • Share Dilution 0.6%
  • Net Margin Trend 18.6% vs 18.3%
  • Piotroski F-Score 7/9

Nicht bestanden (8)

  • EPS CAGR 1.09%
  • ROIC 3.5%
  • Current Ratio
  • Debt/EBITDA
  • Price below Graham Number
  • DCF valuation (Overvalued)
  • Earnings Surprise avg 1.2%
  • PEG Ratio 4.38

Nicht verfügbar (4)

  • P/FCF NaN
  • Dividend Payout NaN%
  • Positive Free Cash Flow
  • CapEx intensity

Piotroski F-Score

7/9

Starke finanzielle Gesundheit

score
criteria

Gewinnqualität

1.57

Hohe Qualität: Gewinne durch Cashflow gedeckt

Aktienverwässerung

0.6%

Aktienanzahl ist stabil

Institutionelle Beteiligungen

Unternehmensführung

Führungsteam

NamePositionAlter
Ms. Lisa M. BartonPresident, CEO & Director59
Mr. Robert J. Durian CPAExecutive VP & CFO54
Mr. Rajagopalan SundararajanExecutive VP & Chief Strategy Officer50
Mr. Antonio P. SmythExecutive Vice President of Power Generation & Gas Strategy48
Mr. Dylan M. SyseChief Accounting Officer & Controller39
Ms. Melissa A. KehoeVice President of Strategic Financial Planning & Investor Relations40
Ms. Amy L. CralamVP & General Counsel-
Ms. Aimee L. DavisVice President of Marketing, Communications & Customer Operations52
Ms. Amy E. BestSenior VP & Chief Human Resources Officer-
Ms. Mayuri N. FarlingerPresident of Iowa Energy & VP of Energy Delivery42

Prüfungsrisiko

5

Vorstandsrisiko

1

Vergütungsrisiko

1

Aktionärsrechterisiko

3

Teil 2 · Der Preis und der Einstiegszeitpunkt

Dieser Teil sagt nicht, ob das Unternehmen etwas taugt: Er hilft bei der Wahl des Kaufzeitpunkts, nachdem die Fundamentaldaten überzeugt haben. Enthalten: technische Analyse, Potenzial, historische Drawdowns, Gamma-Exposure.

Dokumente

  • Jahresbericht (10-K)

    Ein jährlicher Überblick über das Geschäft, die Finanzergebnisse und die Risiken des Unternehmens.

    Eingereicht am 2026-02-20

    Dokument ansehen
  • Quartalsbericht (10-Q)

    Ein Update zur finanziellen Entwicklung der letzten drei Monate.

    Eingereicht am 2026-07-31

    Dokument ansehen
  • Ad-hoc-Meldung (8-K)

    Eine Mitteilung über ein wichtiges Ereignis, etwa einen Führungswechsel oder eine bedeutende Ankündigung.

    Eingereicht am 2026-08-21

    Dokument ansehen

via SEC EDGAR

Ertragshistorie

via SEC EDGAR

Latest News

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