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PG&E Corp (PCG)

被低估
UtilitiesUtilities - Regulated ElectricUnited States

基本面

51

价格

$12.25

市值

$35.88B

第一部分 · 这家公司值多少

概览

PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to customers in northern and central California, the United States. It generates electricity using nuclear, hydroelectric, fossil fuel-fired, fuel cells, and photovoltaic sources. The company owns and operates interconnected transmission lines; electric transmission substations, distribution lines, switching and distribution substations; and natural gas transmission, storage, and distribution systems consisting of distribution pipelines, backbone and local transmission pipelines, and various storage facilities. It serves residential, commercial, industrial, and agricultural customers, as well as natural gas-fired electric generation facilities. The company was incorporated in 1995 and is based in Oakland, California.

No editorial profile for this company yet

Direct competitors

Who this company fights with for the same customers

No editorial profile for this company yet

No competitor list for this company yet.

资产负债表与流动性

营收

$25.84B

最近12个月(截至2026/6/30)

净利润

$3.17B

最近12个月(截至2026/6/30)

自由现金流

$-3.07B

股东权益合计

$32.54B

负债合计

$108.82B

流动比率

1.22

利息覆盖率

1.67

债务/EBITDA

6.19

每股收益

营收与净利润

自由现金流

收入构成

历史财务表

利润率变化

债务变化

债务负担有多重

增长一览表

增长 — 营业收入

公允价值估算

受监管公用事业被低估

公允价值

$18.18

当前价格

$12.25

安全边际

+32.6%

公允价值区间

$11.82 - $24.55

所用估值方法之间的离散区间,并非经过统计校准的置信区间。

估算方法

分析师目标价:$19.22
现金流折现法(DCF):$50.91
市盈率法(P/E):$10.18
格雷厄姆成长公式:不适用于此类公司
盈利能力价值(EPV):$22.32
合理市净率(P/B):不适用于此类公司
股息折现模型(戈登模型):$3.75
P/FFO(运营资金):不适用于此类公司
周期中段收益:不适用于此类公司
市销率法(P/S):不适用于此类公司
分析师共识:买入 (14B / 8H / 0S)
最近财报超预期:+8.70%

估值指标

市盈率(P/E)

8.88

ROE

8.3%

市净率(P/B)

0.97

P/FCF

-

毛利率

-

ROIC

3.1%

盈利能力雷达图

价值创造(经济护城河)

ROIC

3.1%

WACC

4.9%

ROIC − WACC

-1.9 pp

ROIC 低于资本成本:公司每投入一美元都在毁灭价值。

基本面分析标准

通过(14)

  • P/B Ratio 0.97
  • Debt/Equity ratio
  • Operating Margin 20.0%
  • Current Ratio
  • Interest Coverage
  • Low reliance on intangibles
  • Price below Graham Number
  • ROE 9.6%
  • Revenue Growth 5Y 6.2%
  • Analyst Consensus 64% Buy
  • Earnings Surprise avg 10.9%
  • Earnings Quality (OCF/NI) 2.57
  • Net Margin Trend 12.3% vs 10.0%
  • Piotroski F-Score 5/9

未通过(9)

  • EPS shows upward trend
  • EPS CAGR -4.65%
  • Price CAGR -13.78%
  • ROIC 3.1%
  • Positive Free Cash Flow
  • Debt/EBITDA
  • Return on Tangible Assets
  • DCF valuation (Fairly valued)
  • Share Dilution 4.9%

不可用(5)

  • Gross Margin NaN%
  • P/FCF NaN
  • Dividend Payout NaN%
  • CapEx intensity
  • PEG Ratio (need PE > 0 and growth > 0)

Piotroski F-评分

5/9

信号混杂:部分领域需关注

score
criteria

盈利质量

2.57

高质量:盈利有现金流支撑

股权稀释

4.9%

正在发行新股,稀释所有权

机构持股

公司治理

管理团队

姓名职位年龄
Ms. Patricia Kessler PoppeCEO & Director56
Ms. Carolyn J. BurkeCFO & Executive VP58
Mr. Ajay WaghrayExecutive VP & Chief Information Officer63
Mr. John R. SimonEVP, General Counsel, Chief Ethics & Compliance Officer and Corporate Secretary60
Mr. Alejandro T. VallejoExecutive VP & Chief People Officer48
Mr. Jason M. GlickmanExecutive Vice President of Strategy & Growth44
Ms. Marlene M. SantosChief Transformation Officer & Executive VP of Enterprise Transformation Office64
Mr. Sumeet SinghCEO of Pacific Gas & Electric Company and Executive VP of Energy Delivery46
Ms. Stephanie N. WilliamsVP & Controller42
Ms. Carla J. PetermanPresident & Executive VP of Customer & Corporate Affairs46

审计风险

5

董事会风险

2

薪酬风险

8

股东权利风险

1

第二部分 · 价格与买入时机

这一部分不判断公司是否值得拥有:它帮助你在基本面说服你之后,选择何时买入。包含:技术分析、潜力、历史回撤、Gamma 敞口。

文件

  • 年度报告(10-K)

    对公司业务、财务业绩和风险的年度概述。

    提交日期:2026-02-12

    查看文件
  • 季度报告(10-Q)

    最近三个月财务表现的最新情况。

    提交日期:2026-07-23

    查看文件
  • 临时报告(8-K)

    关于重大事件(如管理层变动或重要公告)的通知。

    提交日期:2026-08-31

    查看文件

via SEC EDGAR

损益历史

via SEC EDGAR

Latest News

Recent headlines for PCG, sourced from Markets Gazette.

  • 8/31/2026NEGATIVE
    PG&E, other utility stocks sink as California leaves investors exposed to wildfire liability

    PG&E Corporation and other utility stocks experienced a significant downturn following a California legislative development. Analysts suggest the new bill prioritizes victim protections over new investor safeguards, potentially increasing the financial exposure of utility companies to wildfire liabilities. This news raises concerns about future earnings and operational stability for utilities operating in California, impacting investor sentiment and potentially leading to a reassessment of risk premiums for the sector.

  • 8/31/2026NEGATIVE
    PG&E, Edison Bond Spreads Widen on Wildfire Liability Fears

    Bonds issued by PG&E Corp. and Edison International experienced a significant widening of their credit spreads on Monday. This negative price action followed the California legislature's rejection of a crucial component of Governor Gavin Newsom's proposed plan. The plan aimed to reallocate wildfire liabilities away from the state's utility companies. The market's reaction suggests investors are concerned about the potential for increased financial burden on these utilities due to wildfire-related risks, impacting their debt instruments.

  • 8/31/2026NEGATIVE
    PG&E, Edison International Stocks Plunge on California Wildfire Bill

    PG&E Corp. and Edison International shares experienced significant declines on Monday following the introduction of unfavorable wildfire legislation in California. This development led to a series of analyst downgrades, casting a shadow over the utility sector. The new legislation is perceived to increase the financial liabilities for utility companies related to wildfire damages, raising concerns about future profitability and operational costs. Investors are reacting to the heightened regulatory and financial risks, prompting a sell-off in these major California-based energy providers.

  • 8/28/2026NEGATIVE
    Newsom Blocked on Push to Shield Utilities From Fire Liabilities

    California Governor Gavin Newsom's initiative to shield publicly traded utilities from certain wildfire liabilities has been thwarted by state lawmakers. This development is a setback for companies like PG&E Corporation, which have faced significant financial burdens from wildfire damage claims. The failure to pass this legislation means utilities will likely continue to bear substantial costs, potentially impacting their profitability and stock valuations. Investors will be closely watching how these ongoing liabilities affect the companies' financial health and future investment plans.

  • 5/18/2026NEGATIVE
    PG&E Cuts Power to Some Customers in California on Fire Risk

    PG&E Corporation has initiated power shutoffs for some customers in California, citing high wildfire risk due to dry and windy weather conditions. This proactive measure, while aimed at preventing potential fires, disrupts service for affected residents and businesses. For investors, such events highlight ongoing operational challenges and regulatory scrutiny related to wildfire prevention, potentially impacting future earnings and increasing insurance costs. The company's stock may face pressure as these risks are factored into market sentiment.

via Markets Gazette