Ameren Corporation logo AEE - Ameren Corporation

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY 0
BUY 10
HOLD 12
SELL 1
STRONG
SELL 0
| PRICE TARGET: $120.33 DETAILS
HIGH: $131.00
LOW: $110.00
MEDIAN: $120.00
CONSENSUS: $120.33
UPSIDE: 8.12%
Annual Quarterly
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997
Revenue
Revenue 8,799 7,623 7,500 7,957 6,394 5,794 5,910 6,291 6,174 6,076 6,098 6,053 5,838 5,781 7,531 7,638 7,135 7,869 7,546 6,880 6,780 5,160 4,593 3,841 4,505.9 3,855.8 3,523.6 3,318.2 3,326.6
Cost of Revenue 6,196 3,970 4,033 4,614 3,403 2,936 3,167 3,496 3,391 3,442 3,501 3,586 3,490 3,477 3,950 4,919 2,799 3,542 3,454 3,099 3,012 1,851 1,493 825 914 1,234.7 1,104.7 872 965.9
Gross Profit 2,603 3,653 3,467 3,343 2,991 2,858 2,743 2,795 2,783 2,634 2,597 2,467 2,348 2,304 2,198 2,719 4,336 4,327 4,092 3,781 3,768 3,284 3,081 3,016 2,944 2,621.2 2,418.9 2,446.2 2,360.7
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 0 0 (295) (184) (136) 0 (90) (70) (44) (56) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Expenses 577 2,137 2,204 2,012 1,794 1,558 1,566 1,508 1,417 1,368 1,338 1,213 1,164 1,116 1,165 1,803 2,920 2,965 2,750 2,608 2,484 2,206 1,991 2,143 1,979 1,679.7 1,597.5 1,607.3 1,544.2
Operating Expenses 577 2,137 1,909 1,828 1,658 1,558 1,476 1,438 1,373 1,312 1,338 1,213 1,164 1,116 1,165 1,803 2,920 2,965 2,750 2,608 2,484 2,206 1,991 2,143 1,979 1,679.7 1,597.5 1,607.3 1,544.2
Operating Income
Operating Income 2,026 1,516 1,558 1,515 1,333 1,300 1,267 1,357 1,410 1,322 1,259 1,254 1,184 1,188 1,033 916 1,416 1,362 1,342 1,173 1,284 1,078 1,090 873 965 941.5 821.4 838.9 816.4
Interest Expense 776 663 566 486 383 419 381 401 391 382 355 341 398 392 387 497 508 440 0 350 317 0 288 0 0 179.7 0 0 0
Interest Income 0 41 33 35 27 29 33 33 34 40 41 37 30 32 31 33 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 3,694 3,538 3,406 3,179 2,812 2,604 2,478 2,492 2,448 2,346 2,177 2,102 1,964 1,937 1,741 1,773 2,212 2,116 2,133 1,834 1,983 1,679 1,652 1,342 1,387 1,323.6 1,197.8 1,214.2 3,326.5
EBIT 2,026 1,933 1,906 1,741 1,535 1,451 1,397 1,459 1,496 1,423 1,303 1,311 1,227 1,221 1,078 973 1,464 1,411 1,342 1,173 1,284 1,078 1,090 873 965 941.5 821.4 838.9 3,326.5
Income Before Tax 1,597 1,270 1,340 1,255 1,152 1,032 1,016 1,058 1,105 1,041 948 970 829 829 691 476 956 971 948 831 984 812 807 619 781 758.3 644 654.2 620.7
Income Tax Expense 136 83 183 176 157 155 182 237 576 382 363 377 311 307 254 325 332 327 330 284 356 282 301 237 305 301.2 258.9 267.7 234.2
Net Income 1,456 1,182 1,152 1,074 990 871 828 815 523 653 630 586 289 (974) 519 139 612 605 618 547 606 530 524 382 469 457.1 385.1 386.5 334.7
Per Share Data
EPS (Basic) 5.38 4.43 4.38 4.16 3.86 3.53 3.37 3.34 2.16 2.69 2.60 2.42 1.19 -4.01 2.15 0.58 2.78 2.88 2.98 2.66 3.02 2.84 3.25 2.61 3.41 3.33 2.81 2.82 2.44
EPS (Diluted) 5.35 4.42 4.38 4.14 3.84 3.50 3.35 3.32 2.14 2.68 2.59 2.40 1.18 -4.01 2.15 0.58 2.78 2.88 2.98 2.66 3.02 2.84 3.25 2.61 3.40 3.33 2.81 2.82 2.44
Shares Outstanding 270.5 266.8 262.8 258.4 256.3 247 245.6 243.8 242.6 242.6 242.6 242.6 242.6 242.6 241.5 238.8 220.4 210.1 207.4 205.6 200.8 186.6 161.2 146.4 137.3 137.3 137.2 137.2 137.2
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999 1998 1997
Current Assets
Cash & Cash Equivalents 13 7 25 10 8 139 16 16 10 9 622 92 69 111 628 67 126.0 194.9 76.9 9.7
Short-Term Investments 0 0 0 240 8 0 0 0 0 0 0 0 0 0 0 0.1 0 0.0 0 0
Net Receivables 1,187 967 919 1,100 820 749 734 837 838 795 1,109 1,221 816 547 442 460 531.0 391.1 425.6 419
Inventory 774 762 733 667 592 521 494 483 522 527 782 842 497 487 299 295.1 227.1 253.2 245.8 227.6
Other Current Assets 597 528 491 651 532 244 187 197 242 262 329 416 90 172 83 40.9 37.2 39.8 22.9 54.9
Total Current Assets 2,571 2,264 2,181 2,668 1,968 1,653 1,431 1,533 1,612 1,593 2,842 2,515 1,472 1,317 1,452 863.5 921.2 879 771.2 711.2
Non-Current Assets
Property, Plant & Equipment 39,313 36,304 33,776 31,262 29,261 26,807 24,376 22,810 21,466 20,113 17,610 16,567 13,297 10,917 8,914 8,426.6 7,705.7 7,165.2 6,928 6,987.1
Goodwill 411 411 411 411 411 411 411 411 411 411 831 831 940 547 0 0 0 0 0 0
Intangible Assets 0 0 0 0 0 0 0 0 0 0 129 167 0 0 0 0 0 0 0 0
Long-Term Investments 1,526 1,342 1,150 958 1,159 982 847 1,445 1,380 607 293 239 429 0 0 0 0 0 0 0
Other Non-Current Assets 4,655 3,901 3,312 906 2,936 2,177 1,868 (103) 55 1,975 2,085 2,338 977 1,425 1,133 1,110.5 1,087.6 1,133.4 1,148.2 1,129.2
Total Non-Current Assets 45,905 42,334 38,649 35,236 33,767 30,377 27,502 25,682 24,333 23,106 20,948 20,142 15,978 12,916 10,047 9,537.1 8,793.2 8,298.6 8,076.2 8,116.3
Total Assets 48,476 44,598 40,830 37,904 35,735 32,030 28,933 27,215 25,945 24,699 23,790 22,657 17,450 14,233 11,499 10,400.6 9,714.4 9,177.6 8,847.4 8,827.5
Current Liabilities
Account Payables 1,254 1,059 1,136 1,159 1,095 958 874 817 902 805 694 813 567 480 369 392 462.9 341.3 297.2 293.4
Short-Term Debt 1,616 1,460 1,385 1,410 1,050 498 882 1,177 1,325 1,239 224 1,554 840 659 610 780 247.7 209.0 260.2 138.5
Deferred Revenue 0 223 0 0 0 0 0 0 108 107 101 0 0 0 0 0 0 0 0 0
Other Current Liabilities 1,037 671 822 797 679 610 655 638 448 384 528 535 12 0 0 0 0 0 0 0
Total Current Liabilities 3,907 3,413 3,345 3,366 2,826 2,180 2,505 2,687 2,940 2,674 1,711 3,063 1,807 1,457 1,201 1,581 1,186.0 1,077.2 954.7 747
Non-Current Liabilities
Long-Term Debt 18,214 17,262 15,121 13,685 12,562 11,078 8,915 7,859 7,094 6,595 7,629 6,554 5,021 4,070 3,433 2,835 2,745.1 2,448.4 2,289.4 2,506.1
Deferred Tax Liabilities 5,181 4,474 4,176 3,804 3,499 3,211 2,919 2,666 2,555 4,319 2,648 2,231 2,053 2,004 1,856 1,720.9 1,704.7 1,664.4 1,700.2 1,747.3
Other Non-Current Liabilities 7,644 7,206 6,710 6,412 7,019 6,481 6,393 6,230 6,030 3,866 3,742 3,630 2,442 2,145 (5,289) (4,555.9) 647.3 (4,112.8) (3,989.6) (4,253.4)
Total Non-Current Liabilities 31,039 28,942 26,007 23,901 23,080 20,770 18,227 16,755 15,679 14,780 14,019 12,415 9,612 8,219 0 0 5,097 0 0 4,253.4
Total Liabilities 34,946 32,355 29,352 27,267 25,906 22,950 20,732 19,442 18,619 17,454 15,642 15,492 11,425 9,678 8,101 6,813 6,278.6 5,848.7 5,552.6 5,569.8
Stockholders' Equity
Common Stock 3 3 3 3 3 3 2 2 2 2 2 2 2 2 2 1 1.4 1.4 1.4 1.4
Retained Earnings 5,292 4,604 4,136 3,646 3,182 2,757 2,380 2,024 1,660 1,568 2,455 2,181 1,904 1,853 1,739 1,734 1,614.0 1,505.8 1,472.2 1,434.7
Accumulated Other Comprehensive Income 0 (6) (6) (1) 13 (1) (17) (22) (18) (23) (16) 0 17 (53) (102) (0.4) (6,204.4) (5,891.3) (5,602.8) (5,285.4)
Total Stockholders' Equity 13,401 12,114 11,349 10,508 9,700 8,938 8,059 7,631 7,184 7,103 7,853 7,158 5,995 4,536 4,035 3,584.0 3,431.9 3,324.9 3,291.3 3,254.2
Total Liabilities & Equity 48,476 44,598 40,830 37,904 35,735 32,030 28,933 27,215 25,945 24,699 23,702 22,657 17,434 14,233 11,499 10,400.6 9,714.4 9,177.6 8,847.4 8,827.5
Debt Metrics
Total Debt 19,830 18,722 16,506 15,095 13,612 11,576 9,797 9,036 8,419 7,834 8,165 8,108 5,861 4,729 4,043 3,615 2,992.8 2,657.5 2,549.6 2,644.6
Net Debt 19,817 18,715 16,481 15,085 13,604 11,437 9,781 9,020 8,409 7,825 7,543 8,016 5,792 4,618 3,415 3,548 2,866.8 2,462.6 2,472.7 2,634.9
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999 1998 1997
Operating Activities
Net Income 1,456 1,187 1,157 1,079 995 877 834 821 529 659 606 530 524 382 469 457.1 385.1 386.5 386.5
Depreciation & Amortization 1,668 1,605 1,500 1,438 1,277 1,153 1,081 1,033 952 923 0 0 0 0 0 0 0 0 0
Stock-Based Compensation 28 28 26 24 22 21 20 20 17 17 0 0 0 0 0 0 0 0 0
Change in Working Capital (51) (214) (326) (494) (788) (484) 91 44 93 133 (91) (333) 16 (172) (160) 10.2 201 89.6 (20.2)
Other Non-Cash Items (1) 30 (22) 46 (1) 12 (23) 28 (12) (1) 677 593 470 549 401 386.6 354.1 351.9 345.6
Operating Cash Flow 3,353 2,763 2,564 2,263 1,661 1,727 2,170 2,170 2,118 2,117 1,251 1,129 1,022 833 738 855.6 917.6 803.2 687.4
Investing Activities
Capital Expenditure (4,128) (4,410) (3,771) (3,380) (3,523) (3,299) (2,442) (2,338) (2,195) (2,131) (952) (806) (682) (815) (1,127) (950.3) (592.7) (345.3) (416)
Acquisitions 0 0 0 0 0 0 0 0 0 0 12 (443) (479) 0 0 0 0 0 0
Purchases of Investments (440) (584) (266) (229) (452) (224) (463) (315) (321) (322) 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 564 240 216 439 183 467 299 305 304 0 0 0 0 0 0 0 0 0
Other Investing Activities 423 (26) (1) 23 8 (3,222) (2,408) (2,268) (2,125) (2,085) (21) (17) (20) 12 22 39.8 34.5 22.5 28.8
Investing Cash Flow (4,145) (4,456) (3,798) (3,370) (3,528) (3,329) (2,435) (2,336) (2,204) (2,158) (961) (1,266) (1,181) (803) (1,105) (910.4) (558.2) (322.8) (387.2)
Financing Activities
Net Debt Issuance 1,096 2,249 1,662 1,484 2,044 1,791 790 623 590 258 (199) (818) (273) 276 623 334.5 107.3 (97.5) 92.8
Stock Repurchased 0 0 0 0 (13) 0 0 0 0 0 (1) (1) (31) (42) 0 0 0 0 (63.9)
Dividends Paid (768) (714) (662) (610) (565) (494) (472) (451) (431) (416) (511) (479) (410) (376) (349) (348.5) (348.5) (348.5) (331.3)
Other Financing Activities (18) (59) (56) (39) (53) (46) (52) (41) (57) (100) (6) (48) (5) 15 1 0 (0.2) 0 0
Financing Cash Flow 884 1,749 1,290 1,168 1,721 1,727 334 205 102 (258) (263) 95 (358) 531 308 (14.1) (241.4) (446) (302.4)
Cash Position
Net Change in Cash 92 56 56 61 (146) 125 69 39 16 (299) 27 (42) (517) 561 (59) (68.9) 118 34.5 (2.2)
Cash at Beginning 328 272 216 155 301 176 107 68 52 351 69 111 628 67 126 194.9 76.9 42.4 11.9
Cash at End 420 328 272 216 155 301 176 107 68 52 96 69 111 628 67 126.0 194.9 76.9 9.7
Free Cash Flow (775) (1,647) (1,207) (1,117) (1,862) (1,572) (272) (168) (77) (14) 299 323 340 18 (389) (94.7) 324.9 457.9 271.4
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997
Income Statement
Revenue 8,799 7,623 7,500 7,957 6,394 5,794 5,910 6,291 6,174 6,076 6,098 6,053 5,838 5,781 7,531 7,638 7,135 7,869 7,546 6,880 6,780 5,160 4,593 3,841 4,505.9 3,855.8 3,523.6 3,318.2 3,326.6
Gross Profit 2,603 3,653 3,467 3,343 2,991 2,858 2,743 2,795 2,783 2,634 2,597 2,467 2,348 2,304 2,198 2,719 4,336 4,327 4,092 3,781 3,768 3,284 3,081 3,016 2,944 2,621.2 2,418.9 2,446.2 2,360.7
Operating Income 2,026 1,516 1,558 1,515 1,333 1,300 1,267 1,357 1,410 1,322 1,259 1,254 1,184 1,188 1,033 916 1,416 1,362 1,342 1,173 1,284 1,078 1,090 873 965 941.5 821.4 838.9 816.4
Net Income 1,456 1,182 1,152 1,074 990 871 828 815 523 653 630 586 289 (974) 519 139 612 605 618 547 606 530 524 382 469 457.1 385.1 386.5 334.7
EPS (Diluted) 5.35 4.42 4.38 4.14 3.84 3.50 3.35 3.32 2.14 2.68 2.59 2.40 1.18 -4.01 2.15 0.58 2.78 2.88 2.98 2.66 3.02 2.84 3.25 2.61 3.40 3.33 2.81 2.82 2.44
Balance Sheet
Cash & Equivalents 13 7 25 10 8 139 16 16 10 9 622 92 69 111 628 67 126.0 194.9 76.9 9.7
Total Assets 48,476 44,598 40,830 37,904 35,735 32,030 28,933 27,215 25,945 24,699 23,790 22,657 17,450 14,233 11,499 10,400.6 9,714.4 9,177.6 8,847.4 8,827.5
Total Debt 19,830 18,722 16,506 15,095 13,612 11,576 9,797 9,036 8,419 7,834 8,165 8,108 5,861 4,729 4,043 3,615 2,992.8 2,657.5 2,549.6 2,644.6
Stockholders' Equity 13,401 12,114 11,349 10,508 9,700 8,938 8,059 7,631 7,184 7,103 7,853 7,158 5,995 4,536 4,035 3,584.0 3,431.9 3,324.9 3,291.3 3,254.2
Cash Flow
Operating Cash Flow 3,353 2,763 2,564 2,263 1,661 1,727 2,170 2,170 2,118 2,117 1,251 1,129 1,022 833 738 855.6 917.6 803.2 687.4
Capital Expenditure (4,128) (4,410) (3,771) (3,380) (3,523) (3,299) (2,442) (2,338) (2,195) (2,131) (952) (806) (682) (815) (1,127) (950.3) (592.7) (345.3) (416)
Free Cash Flow (775) (1,647) (1,207) (1,117) (1,862) (1,572) (272) (168) (77) (14) 299 323 340 18 (389) (94.7) 324.9 457.9 271.4