Edison International, through its subsidiaries, engages in the generation and distribution of electric power. The company supplies and delivers through its electrical infrastructure to an approximately 50,000 square-mile area of southern California. It serves residential, commercial, industrial, public authorities, agricultural, and other sectors. The company’s distribution network consists of approximately 13,000 circuit-miles of lines ranging from 55 kV to 500 kV and approximately 80 transmission substations; and approximately 38,000 circuit-miles of overhead lines, approximately 32,000 circuit-miles of underground lines, and approximately 730 distribution substations. Edison International was founded in 1886 and is based in Rosemead, California.
Regulatory Tightrope | Edison International navigates complex regulatory landscape, with AB 1054 and upcoming General Rate Case Proposed Decision shaping its risk profile and financial outlook |
Wildfire Woes | Eaton Fire poses significant challenges, raising concerns about potential liabilities and Wildfire Fund depletion, yet management remains confident in financial stability |
Valuation Disconnect | Stock trades at 47-52% P/E discount to peers, with $65-$67 price targets from Barclays, suggesting potential upside amid current market skepticism |
Growth Amid Adversity | Despite challenges, Edison maintains 5-7% EPS growth projection and 22-year dividend streak, highlighting resilience in core operations and shareholder commitment |
Metrics to compare | EIX | Sector Sector - Average of metrics from a broad group of related Utilities sector companies | Relationship RelationshipEIXPeersSector | |
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P/E Ratio | 8.1x | 20.6x | 11.8x | |
PEG Ratio | 0.05 | 1.93 | 0.02 | |
Price/Book | 1.4x | 2.3x | 1.3x | |
Price / LTM Sales | 1.2x | 3.4x | 1.6x | |
Upside (Analyst Target) | 19.4% | 4.8% | 11.4% | |
Fair Value Upside | Unlock | −11.5% | 2.7% | Unlock |