American Electric Power Company, Inc. (AEP)
NEUTRALFundamental
57
मूल्य
$123.02
मार्केट कैप
$66.41B
भाग 1 · कंपनी का मूल्य कितना है
अवलोकन
American Electric Power is a regulated utility that generates, transmits and distributes electricity to 5.6 million customers across 11 U.S. states, mostly in the Midwest and South. It owns roughly 33,000 megawatts of generation and the nation's largest network of high-voltage transmission lines. Its business is split between utilities that both generate and sell power locally, and units that only move electricity — including AEP Transmission Holdco, which builds and operates transmission lines without ever selling power directly to a household.
यह पैसा कैसे कमाती है
AEP does not compete for customers in most of its territory: state regulators grant it an exclusive service area and, in exchange, set the prices it can charge based on its approved costs plus an allowed return on the capital it invests in poles, wires and power plants. Revenue therefore grows mainly by winning regulatory approval to spend more on the grid — new transmission lines, storm hardening, and the replacement of retiring coal plants — rather than by selling more electricity.
प्रतिस्पर्धी बढ़त (Moat)
स्केल · व्यापकAEP owns the wires and power plants serving its territory, and state regulators do not grant competing utilities the right to build parallel infrastructure. A rival would need to replicate tens of thousands of miles of transmission and distribution lines from scratch to compete for the same customers — an investment no regulator would allow or reward.
मांग को क्या चलाता है
डिफेंसिवElectricity demand from homes and businesses changes little with the economic cycle — people keep the lights on in a recession. AEP's growth increasingly comes from a different source: data centers and industrial customers signing long-term contracts for new capacity, which is more sensitive to how fast it can build than to the business cycle.
प्रमुख जोखिम
- Regulatory cost recovery is not guaranteed — AEP's returns depend on state regulators approving rate increases for its capital spending. A commission can disallow costs it judges imprudent, delay a rate case, or grant a lower return than requested.
- Wildfire liability — AEP identifies storms and wildfires linked to its power lines as a risk that could bring litigation and damages it may not be able to recover through rates, as has happened to utilities elsewhere in the country.
- Coal plant transition and stranded assets — Rising costs of operating older coal units, environmental rules and cheaper alternatives are pushing AEP to retire coal generation earlier than planned, risking assets that are not fully depreciated when they close.
- Physical exposure to extreme weather — AEP's generation, transmission and distribution assets are spread across regions increasingly exposed to storms and extreme temperatures, which can damage infrastructure and raise both repair costs and outage-related liability.
खरीदने के पक्ष में तर्क
Buyers argue that data center demand is driving the first sustained load growth U.S. utilities have seen in decades, and that AEP's regulated returns on the capital needed to serve it offer a predictable earnings path largely insulated from the wider economy.
बेचने के पक्ष में तर्क
Sellers worry that wildfire litigation, disallowed costs in rate cases, and the capital burden of replacing retiring coal plants could weigh on returns faster than data center growth can offset them.
Written by the editors, published on 18 अगस्त 2026
Direct competitors
Who this company fights with for the same customers
Generated on 23 अगस्त 2026 with claude-opus-5 — shared with all users
In Virginia, AEP's Appalachian Power and Dominion Energy Virginia serve adjacent parts of the same state under the same commission and compete to attract and supply the state's data-center demand.
Exelon's regulated delivery utilities compete with AEP for large-load and data-center connections across the PJM region, while its ComEd default service is the direct alternative to AEP Energy's retail supply in Illinois.
OG&E and AEP's Public Service Company of Oklahoma divide Oklahoma between them under the same state commission, competing for the same commercial and industrial customers.
Both run regulated electricity networks in Ohio inside the PJM market, serving neighbouring territories under the same state commission and courting the same industrial and data-center load.
Duke's regulated utilities in Indiana, Ohio and Kentucky border AEP's Indiana Michigan Power, AEP Ohio and Kentucky Power, competing for the same industrial customers and the same rate-based grid investment.
Entergy's utilities in Arkansas, Louisiana and east Texas overlap the territory of AEP's Southwestern Electric Power Company, competing for the same industrial and data-center customers in the Gulf South.
बैलेंस शीट और तरलता
राजस्व
$21.99B
पिछले 12 महीने (31/3/2026 तक)
शुद्ध आय
$3.80B
पिछले 12 महीने (31/3/2026 तक)
Free Cash Flow
$3.49B
कुल इक्विटी
$31.14B
कुल देनदारियाँ
$82.20B
Current Ratio
0.53
Interest Coverage
2.59
Debt/EBITDA
6.07
Earnings Per Share
राजस्व और शुद्ध आय
Free Cash Flow
आय विवरण
ऐतिहासिक विवरण
समय के साथ मार्जिन
समय के साथ ऋण
ऋण कितना भारी है
वृद्धि तालिका
वृद्धि — राजस्व
Fair Value अनुमान
Fair Value
$172.03
वर्तमान मूल्य
$123.02
Margin of Safety
+28.5%
Fair Value सीमा
$111.82 - $232.24
अनुमान विधियाँ
मूल्यांकन मेट्रिक्स
P/E Ratio
18.04
ROE
11.9%
P/B Ratio
2.09
P/FCF
25.58
Gross Margin
-
ROIC
4.0%
लाभप्रदता Radar
Value Creation (Economic Moat)
ROIC
4.0%
WACC
5.9%
ROIC − WACC
-1.8 pp
ROIC is below the cost of capital — the company is destroying value for every dollar invested.
Fundamental विश्लेषण मानदंड
पास (17)
- EPS shows upward trend
- EPS CAGR 5.10%
- Price CAGR 6.75%
- P/FCF 25.58
- P/B Ratio 2.09
- Debt/Equity ratio
- Operating Margin 24.5%
- Positive Free Cash Flow
- Interest Coverage
- Return on Tangible Assets
- Low reliance on intangibles
- ROE 10.0%
- Revenue Growth 5Y 7.9%
- Analyst Consensus 52% Buy
- Earnings Quality (OCF/NI) 1.85
- Net Margin Trend 17.3% vs 13.5%
- Piotroski F-Score 6/9
फेल (9)
- ROIC 4.1%
- CapEx intensity
- Current Ratio
- Debt/EBITDA
- Price below Graham Number
- DCF valuation (Fairly valued)
- Earnings Surprise avg -1.3%
- PEG Ratio 2.55
- Share Dilution 4.1%
अनुपलब्ध (2)
- Gross Margin NaN%
- Dividend Payout NaN%
Piotroski F-Score
मिश्रित संकेत: कुछ क्षेत्रों पर ध्यान देना आवश्यक
Earnings गुणवत्ता
उच्च गुणवत्ता: earnings नकदी द्वारा समर्थित
शेयर Dilution
नए शेयर जारी कर रही है, स्वामित्व को कम कर रही है
प्रशासन
कार्यकारी टीम
| नाम | पद | आयु |
|---|---|---|
| Mr. William J. Fehrman | Chairman, President & CEO | 65 |
| Mr. Trevor Ian Mihalik CPA | Executive VP & CFO | 58 |
| Mr. Robert B. Berntsen | Executive VP, General Counsel & Secretary | 55 |
| Ms. Alicia R. Knapp | President of Nuclear Development | 46 |
| Mr. Douglas A. Cannon | President of AEP Transmission | 49 |
| Ms. Kate Dixon | Senior VP, Controller & Chief Accounting Officer | 40 |
| Mr. Johannes G. Eckert | Executive VP and Chief Information & Technology Officer | 57 |
| Mr. Andy Gurgol | Vice President of Investor Relations | - |
| Mr. Chris Brathwaite | VP & Chief Communications Officer | - |
| Mr. Phillip R. Ulrich | Executive VP & Chief Human Resources Officer | 54 |
Audit जोखिम
8
बोर्ड जोखिम
6
मुआवजा जोखिम
7
शेयरधारक अधिकार जोखिम
6
भाग 2 · कीमत और खरीदने का समय
यह हिस्सा यह नहीं बताता कि कंपनी अच्छी है या नहीं: यह तय करने में मदद करता है कि उसे कब खरीदें, जब फंडामेंटल आपको आश्वस्त कर चुके हों। इसमें: तकनीकी विश्लेषण, संभावना, ऐतिहासिक गिरावट, गामा एक्सपोज़र।
Latest News
Recent headlines for AEP, sourced from Markets Gazette.
- 5/12/2026NEUTRALAmerican Electric Power Utility Offers $2.6 Billion in Shares
American Electric Power Co. announced plans to offer $2.6 billion in shares, a move driven by surging electricity demand fueled by artificial intelligence advancements. This capital raise aims to support infrastructure expansion necessary to meet the growing power needs of AI data centers and related technologies. While the share offering could dilute existing shareholders in the short term, it signals the company's strategic positioning to capitalize on a significant long-term growth opportunity in the energy sector.
- 5/5/2026NEGATIVEUS Utility Threatens to Quit Power Grids on Data Center Rift
American Electric Power Co. (AEP), a major US utility, has threatened to exit two of the nation's largest power grids. The company cites the protracted timelines required to connect new AI data centers as the primary reason for this drastic consideration. This move highlights the growing strain on existing infrastructure due to the exponential demand from AI and cloud computing facilities. Investors should monitor AEP's decision, as it could signal broader challenges for utilities in adapting to the rapid growth of data-intensive industries and potentially impact grid stability and energy costs.
- 5/5/2026NEUTRALAEP Weighs Break From Two of America’s Biggest Power Grids
American Electric Power Co. (AEP) is evaluating its participation in two major US power grids, citing concerns over the slow pace of connecting data center clients. This strategic review could lead to significant operational changes for AEP, potentially impacting its infrastructure investments and service delivery models. Investors will be watching for further details on the specific grids involved and the potential financial implications of any membership changes, as this could affect the company's future growth trajectory and operational efficiency.
- 4/21/2026POSITIVEThis American Electric Power Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Tuesday
Analysts have initiated coverage on American Electric Power (AEP) with a bullish stance, signaling positive sentiment for the utility company. While specific price targets and ratings are not detailed in this summary, the initiation of coverage on a positive note suggests analysts foresee growth or stability in AEP's future performance. This could be driven by factors such as regulatory stability, renewable energy investments, or strong operational execution. Investors often view new, positive analyst coverage as a catalyst for stock price appreciation.
via Markets Gazette