Alliant Energy Corporation (LNT)
SurévaluéFondamental
59
Prix
$63.30
Capitalisation boursière
$16.42B
Partie 1 · Ce que vaut l'entreprise
Vue d'ensemble
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.
Comment l'entreprise gagne de l'argent
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.
Chiffre d'affaires par segment
Generation, transmission and retail sale of electricity to roughly a million customers across Iowa and Wisconsin.
Distribution and transportation of natural gas to roughly 435,000 residential and business customers.
Smaller regulated and non-utility activities that fall outside the core electric and gas businesses.
Avantage concurrentiel
Économies d'échelle · ÉtroitBuilding 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.
Ce qui stimule la demande
DéfensifHouseholds 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.
Principaux risques
- 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.
Les arguments en faveur
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.
Les arguments contre
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 août 2026
Direct competitors
Who this company fights with for the same customers
Generated on 19 septembre 2026 with claude-haiku-4-5 — shared with all users
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.
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.
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.
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.
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.
Bilan & Liquidités
Chiffre d'affaires
$4.42B
12 derniers mois (au 31/03/2026)
Résultat net
$821M
12 derniers mois (au 31/03/2026)
Flux de trésorerie libre
-
Capitaux propres totaux
$7.33B
Passif total
$17.66B
Ratio de liquidité général
0.69
Couverture des intérêts
1.90
Dette/EBITDA
6.56
Bénéfice par action
Chiffre d'affaires & Résultat net
Flux de trésorerie libre
Décomposition du résultat
État historique
Marges dans le temps
La dette dans le temps
Le poids de la dette
Grille de la croissance
Croissance — Chiffre d'affaires
Estimation de la juste valeur
Juste valeur
$50.93
Prix actuel
$63.30
Marge de sécurité
-24.3%
Fourchette de juste valeur
$33.10 - $68.75
Écart entre les méthodes de valorisation utilisées, pas un intervalle de confiance calibré statistiquement.
Méthodes d'estimation
Indicateurs de valorisation
Ratio P/E
19.91
ROE
11.0%
Ratio P/B
2.20
P/FCF
-
Marge brute
85.8%
ROIC
3.5%
Radar de rentabilité
Création de valeur (avantage concurrentiel)
ROIC
3.5%
WACC
6.0%
ROIC − WACC
-2.5 pp
Le ROIC est inférieur au coût du capital — l'entreprise détruit de la valeur pour chaque dollar investi.
Critères d'analyse fondamentale
Réussi (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
Échoué (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
Indisponible (4)
- P/FCF NaN
- Dividend Payout NaN%
- Positive Free Cash Flow
- CapEx intensity
Score F de Piotroski
Santé financière solide
Qualité des bénéfices
Qualité élevée : bénéfices soutenus par la trésorerie
Dilution du capital
Le nombre d'actions est stable
Participations institutionnelles
Gouvernance
Équipe dirigeante
| Nom | Titre | Âge |
|---|---|---|
| Ms. Lisa M. Barton | President, CEO & Director | 59 |
| Mr. Robert J. Durian CPA | Executive VP & CFO | 54 |
| Mr. Rajagopalan Sundararajan | Executive VP & Chief Strategy Officer | 50 |
| Mr. Antonio P. Smyth | Executive Vice President of Power Generation & Gas Strategy | 48 |
| Mr. Dylan M. Syse | Chief Accounting Officer & Controller | 39 |
| Ms. Melissa A. Kehoe | Vice President of Strategic Financial Planning & Investor Relations | 40 |
| Ms. Amy L. Cralam | VP & General Counsel | - |
| Ms. Aimee L. Davis | Vice President of Marketing, Communications & Customer Operations | 52 |
| Ms. Amy E. Best | Senior VP & Chief Human Resources Officer | - |
| Ms. Mayuri N. Farlinger | President of Iowa Energy & VP of Energy Delivery | 42 |
Risque d'audit
5
Risque du conseil
1
Risque de rémunération
1
Risque droits des actionnaires
3
Partie 2 · Le prix et le moment d'entrer
Cette partie ne dit pas si l'entreprise vaut la peine : elle aide à choisir quand l'acheter, une fois que les fondamentaux vous ont convaincu. À l'intérieur : analyse technique, potentiel, baisses historiques, exposition gamma.
Documents
- Voir le document
Rapport annuel (10-K)
Un aperçu annuel de l'activité, des résultats financiers et des risques de l'entreprise.
Déposé le 2026-02-20
- Voir le document
Rapport trimestriel (10-Q)
Une mise à jour de la performance financière des trois derniers mois.
Déposé le 2026-07-31
- Voir le document
Rapport d'événement important (8-K)
Un avis concernant un événement important, comme un changement de direction ou une annonce majeure.
Déposé le 2026-08-21
via SEC EDGAR
Historique des résultats
via SEC EDGAR
Latest News
Recent headlines for LNT, sourced from Markets Gazette.