Consolidated Edison, Inc.

Consolidated Edison, Inc.

EDยทNYSE

$104.06

+0.56%
UtilitiesRegulated Electric

Consolidated Edison, Inc., through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States. It offers electric services to approximately 3.5 million customers in New York City and Westchester County; gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,555 customers in parts of Manhattan. The company also supplies electricity to approximately 0.3 million customers in southeastern New York and northern New Jersey; and gas to approximately 0.1 million customers in southeastern New York. In addition, it operates 533 circuit miles of transmission lines; 15 transmission substations; 64 distribution substations; 87,564 in-service line transformers; 3,924 pole miles of overhead distribution lines; and 2,291 miles of underground distribution lines, as well as 4,350 miles of mains and 377,971 service lines for natural gas distribution. Further, the company owns, operates, and develops renewable and energy infrastructure projects; and provides energy-related products and services to wholesale and retail customers, as well as invests in electric and gas transmission projects. It primarily sells electricity to industrial, commercial, residential, and government customers. The company was founded in 1823 and is based in New York, New York.

At a Glance

Live Snapshot
Market Cap$38.35B
EPS5.6600
P/E Ratio18.39
Earnings Date08/06/2026
Consolidated Edison, Inc.

Consolidated Edison, Inc. Fair Value Envelope

ED ยท NYSE

Our analysis suggests that ED has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $104.06, this represents a potential HIDDEN relative to our calculated worth for Consolidated Edison, Inc..

Intrinsic Value
Current Price: $104.06

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$34,979.5B
+ Cash & Equivalents$1.6B
Firm Value$34,981.2B
- Debt$28.8B
Equity Value$34,952.4B
/ Shares Outstanding360,935,608B
DCF Value$96.8K
UNDERVALUED BY 92960%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$9.6B
$19.2B
$38.4B
$76.8B
$153.6B
$307.2B
$614.4B
$1,228.8B
$2,457.6B
$4,915.2B
Maintenance CapEx
-$1.9B
-$3.8B
-$7.6B
-$15.2B
-$30.5B
-$61.0B
-$122.0B
-$243.9B
-$487.8B
-$975.7B
Owner Earnings
$7.7B
$15.4B
$30.8B
$61.6B
$123.1B
$246.2B
$492.4B
$984.9B
$1,969.8B
$3,939.5B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$7.1B
$13.2B
$24.4B
$45.2B
$83.8B
$155.2B
$287.3B
$532.1B
$985.4B
$1,824.8B
Terminal Value represents 88.7% of Enterprise Value