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ALE Stock Summary
In the News
Allete (ALE) Misses Q4 Earnings and Revenue Estimates
Allete (ALE) came out with quarterly earnings of $0.89 per share, missing the Zacks Consensus Estimate of $0.93 per share. This compares to earnings of $0.90 per share a year ago.
Unlocking Green Power: Allete Is A Gem In The Utility Sector
ALLETE is a utility company with a strong focus on sustainability and clean energy, making it an attractive investment in the utility sector. The company has shown robust growth in revenues and EPS over the past decade, driven by organic growth and strategic acquisitions. ALLETE's current valuation, with a P/E ratio of 14, is attractive considering its growth potential, thus making it a buy.
Allete: I Continue To Be Bullish On This Quality Business
ALLETE Inc's stock has underperformed the broader market, but it still presents a good long-term investment opportunity. The company is focusing on clean and renewable energy projects, particularly in wind energy generation. ALLETE has identified investment opportunities, such as expanding into North Dakota, which could lead to increased revenues and shareholder returns.
ALLETE to announce 2023 financial results on February 20
DULUTH, Minn.--(BUSINESS WIRE)--ALLETE Inc. (NYSE:ALE) will announce its financial results for 2023 before the stock markets open on Tuesday, February 20, 2024. Following the release, ALLETE Chair, President and Chief Executive Officer Bethany M. Owen, and Senior Vice President and Chief Financial Officer Steven W. Morris will present an overview of results and other factors related to performance, and discuss 2024 earnings guidance during a conference call beginning at 10 a.m. Eastern time. In.
5 Low-Leverage Stocks to Buy on Rate Cut Expectations
The crux of safe investment lies in choosing a company that is not burdened with debt. This is because a debt-free stock is almost impossible to find.
Reasons to Add ALLETE (ALE) to Your Portfolio Right Now
ALLETE Inc.'s (ALE) rising earnings estimates, regular dividend payments and a solid investment plan, makes it a strong choice for investment in the utility space.
Should Value Investors Buy Allete (ALE) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Allete (ALE) Moves to Buy: Rationale Behind the Upgrade
Allete (ALE) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Exclusive: US power utility Allete explores sale, sources say
Allete , a U.S. power utility and renewable energy developer that has a market value of about $5 billion, including debt, is exploring a sale of the company, people familiar with the matter said on Tuesday.
ALLETE, Inc. (ALE) Q3 2023 Earnings Call Transcript
ALLETE, Inc. (NYSE:ALE ) Q3 2023 Earnings Conference Call November 2, 2023 10:00 AM ET Company Participants Bethany Owen - Chair, President and CEO Steve Morris - Senior Vice President and Chief Financial Officer Jeff Scissons - Corporate Development and Clean Energy Strategy Officer Frank Frederickson - Minnesota Power's Vice President, Customer Experience and Engineering Services Conference Call Participants Richard Sunderland - JPMorgan Alex Mortimer - Mizuho Securities Brian Russo - Sidoti Tanner James - Bank of America Operator Good day. And welcome to the ALLETE Third Quarter of 2023 Financial Results Call.
ALE Financial details
ALE Financial Performance
Yearly Fundamentals Overview
Last date of statement is 2023-12-31
Metric | History | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 |
---|---|---|---|---|---|---|
2.02K | 2.02K | 2.02K | 2.02K | 2.02K | ||
Revenue per share | 24.04 | 22.53 | 27.08 | 29.92 | 32.81 | |
Net income per share | 3.6 | 3.36 | 3.23 | 2.5 | 4.31 | |
Operating cash flow per share | 4.84 | 5.78 | 5.03 | 4.22 | 10.21 | |
Free cash flow per share | -6.74 | -8.05 | -4 | 0.02 | 5.48 | |
Cash per share | 1.34 | 0.85 | 0.86 | 0.69 | 1.34 | |
Book value per share | 43.25 | 44.21 | 46.05 | 51.27 | 49.03 | |
Tangible book value per share | 45.24 | 53.95 | 59.77 | 60.81 | 59.46 | |
Share holders equity per share | 43.25 | 44.21 | 46.05 | 51.27 | 49.03 | |
Interest debt per share | 33.09 | 36.32 | 39.37 | 38.26 | 32.72 | |
Market cap | 4.19B | 3.21B | 3.48B | 3.39B | 3.5B | |
Enterprise value | 5.76B | 4.99B | 5.43B | 5.28B | 5.23B | |
P/E ratio | 22.57 | 18.45 | 20.55 | 25.79 | 14.18 | |
Price to sales ratio | 3.38 | 2.75 | 2.45 | 2.16 | 1.86 | |
POCF ratio | 16.79 | 10.72 | 13.19 | 15.3 | 5.99 | |
PFCF ratio | -12.05 | -7.69 | -16.57 | 4.23K | 11.16 | |
P/B Ratio | 1.88 | 1.4 | 1.44 | 1.26 | 1.25 | |
PTB ratio | 1.88 | 1.4 | 1.44 | 1.26 | 1.25 | |
EV to sales | 4.64 | 4.27 | 3.82 | 3.36 | 2.78 | |
Enterprise value over EBITDA | 13.42 | 12.07 | 12.95 | 12.49 | 12.09 | |
EV to operating cash flow | 23.09 | 16.64 | 20.59 | 23.88 | 8.93 | |
EV to free cash flow | -16.58 | -11.94 | -25.86 | 6.6K | 16.65 | |
Earnings yield | 0.04 | 0.05 | 0.05 | 0.04 | 0.07 | |
Free cash flow yield | -0.08 | -0.13 | -0.06 | 0 | 0.09 | |
Debt to equity | 0.74 | 0.79 | 0.83 | 0.72 | 0.64 | |
Debt to assets | 0.3 | 0.3 | 0.31 | 0.28 | 0.24 | |
Net debt to EBITDA | 3.66 | 4.29 | 4.65 | 4.49 | 3.99 | |
Current ratio | 0.53 | 0.55 | 0.54 | 1 | 1.24 | |
Interest coverage | 2.77 | 2.3 | 2.19 | 1.78 | 2.24 | |
Income quality | 1.35 | 1.86 | 1.91 | 1.69 | 2.37 | |
Dividend Yield | 0.03 | 0.04 | 0.04 | 0.04 | 0.04 | |
Payout ratio | 0.65 | 0.74 | 0.78 | 1.11 | 0.63 | |
Sales general and administrative to revenue | 0 | 0 | 0 | 0 | 0 | |
Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
Intangibles to total assets | 0 | -0.03 | -0.03 | 0.02 | 0.02 | |
Capex to operating cash flow | -2.39 | -2.39 | -1.8 | -1 | -0.46 | |
Capex to revenue | -0.48 | -0.61 | -0.33 | -0.14 | -0.14 | |
Capex to depreciation | -2.8 | -3.15 | -1.96 | -0.88 | -1.08 | |
Stock based compensation to revenue | 0.01 | 0.01 | 0 | 0 | 0 | |
Graham number | 59.17 | 57.78 | 57.84 | 53.71 | 68.98 | |
ROIC | 0.05 | 0.05 | 0.04 | 0.04 | 0.03 | |
Return on tangible assets | 0.03 | 0.03 | 0.03 | 0.02 | 0.03 | |
Graham Net | -57.54 | -60.1 | -63.01 | -59.61 | -64.4 | |
Working capital | -237.9M | -204.7M | -252.1M | 1.8M | 90.5M | |
Tangible asset value | 2.33B | 3B | 3.13B | 3.19B | 3.25B | |
Net current asset value | -2.88B | -3.03B | -3.2B | -2.78B | -3.49B | |
Invested capital | 0.74 | 0.79 | 0.83 | 0.72 | 0.64 | |
Average receivables | 120.4M | 104.15M | 117.8M | 130.8M | 137.55M | |
Average payables | 157.5M | 137.6M | 110.5M | 107M | 102.6M | |
Average inventory | 79.75M | 73.5M | 85.95M | 276.8M | 315.65M | |
Days sales outstanding | 28.36 | 34.94 | 31.81 | 32.05 | 26.64 | |
Days payables outstanding | 74.87 | 53.94 | 41.95 | 33.45 | 22.72 | |
Days of inventory on hand | 32.99 | 36.39 | 36.93 | 148.06 | 39 | |
Receivables turnover | 12.87 | 10.45 | 11.47 | 11.39 | 13.7 | |
Payables turnover | 4.88 | 6.77 | 8.7 | 10.91 | 16.06 | |
Inventory turnover | 11.06 | 10.03 | 9.88 | 2.47 | 9.36 | |
ROE | 0.08 | 0.08 | 0.07 | 0.05 | 0.09 | |
Capex per share | -11.57 | -13.83 | -9.03 | -4.2 | -4.73 |
Quarterly Fundamentals Overview
Last date of statement is 2023-12-31 for Q4
Metric | History | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 |
---|---|---|---|---|---|---|
2.02K | 2.02K | 2.02K | 2.02K | 2.02K | ||
Revenue per share | 7.59 | 9.86 | 9.31 | 6.6 | 7 | |
Net income per share | 0.66 | 0.66 | 0.9 | 1.5 | 0.9 | |
Operating cash flow per share | 2.5 | 1.61 | 4.17 | 3.28 | 1.14 | |
Free cash flow per share | 1.28 | 0.39 | 3.29 | 2.17 | -0.38 | |
Cash per share | 0.65 | 0.52 | 0.84 | 2.19 | 1.34 | |
Book value per share | 47.98 | 47.39 | 47.72 | 48.55 | 48.86 | |
Tangible book value per share | 56.91 | 55.88 | 56.07 | 56.47 | 59.25 | |
Share holders equity per share | 47.98 | 47.39 | 47.72 | 48.55 | 48.86 | |
Interest debt per share | 34.79 | 34.26 | 31.85 | 31.9 | 31.55 | |
Market cap | 3.62B | 3.69B | 3.32B | 3.03B | 3.52B | |
Enterprise value | 5.52B | 5.6B | 5.08B | 4.72B | 5.24B | |
P/E ratio | 24.32 | 24.52 | 16.12 | 8.82 | 17.07 | |
Price to sales ratio | 8.5 | 6.53 | 6.23 | 8 | 8.73 | |
POCF ratio | 25.83 | 39.92 | 13.89 | 16.09 | 53.85 | |
PFCF ratio | 50.54 | 164.66 | 17.6 | 24.28 | -161.32 | |
P/B Ratio | 1.34 | 1.36 | 1.21 | 1.09 | 1.25 | |
PTB ratio | 1.34 | 1.36 | 1.21 | 1.09 | 1.25 | |
EV to sales | 12.95 | 9.92 | 9.52 | 12.45 | 13.02 | |
Enterprise value over EBITDA | 51.84 | 45.88 | 40.68 | 27.21 | 49.13 | |
EV to operating cash flow | 39.37 | 60.63 | 21.23 | 25.03 | 80.27 | |
EV to free cash flow | 77.04 | 250.1 | 26.91 | 37.79 | -240.44 | |
Earnings yield | 0.01 | 0.01 | 0.02 | 0.03 | 0.01 | |
Free cash flow yield | 0.02 | 0.01 | 0.06 | 0.04 | -0.01 | |
Debt to equity | 0.72 | 0.72 | 0.66 | 0.65 | 0.64 | |
Debt to assets | 0.28 | 0.29 | 0.27 | 0.27 | 0.24 | |
Net debt to EBITDA | 17.83 | 15.67 | 14.07 | 9.72 | 16.17 | |
Current ratio | 1 | 1.23 | 1.17 | 1.22 | 1.24 | |
Interest coverage | 1.81 | 2.5 | 2.54 | 1.76 | 2.17 | |
Income quality | 3.77 | 2.46 | 5.88 | 2.71 | 1.27 | |
Dividend Yield | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | |
Payout ratio | 1 | 1.03 | 0.75 | 0.45 | 0.76 | |
Sales general and administrative to revenue | 0 | 0 | 0 | 0 | 0 | |
Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
Intangibles to total assets | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | |
Capex to operating cash flow | -0.49 | -0.76 | -0.21 | -0.34 | -1.33 | |
Capex to revenue | -0.16 | -0.12 | -0.09 | -0.17 | -0.22 | |
Capex to depreciation | -1.09 | -1.09 | -0.79 | -0.98 | -1.37 | |
Stock based compensation to revenue | 0 | 0 | 0 | 0.01 | 0.01 | |
Graham number | 26.76 | 26.45 | 31.06 | 40.43 | 31.38 | |
ROIC | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | |
Return on tangible assets | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | |
Graham Net | -55.78 | -53.28 | -51.69 | -51.27 | -64.18 | |
Working capital | 1.8M | 105.3M | 65.9M | 89.7M | 90.5M | |
Tangible asset value | 3.19B | 3.2B | 3.21B | 3.24B | 3.25B | |
Net current asset value | -2.78B | -2.78B | -2.75B | -2.74B | -3.49B | |
Invested capital | 0.72 | 0.72 | 0.66 | 0.65 | 0.64 | |
Average receivables | 129.2M | 129.1M | 121.75M | 121.4M | 128.4M | |
Average payables | 113.65M | 93.95M | 87.1M | 100.8M | 107.25M | |
Average inventory | 464.05M | 401.4M | 270.6M | 187.3M | 177.85M | |
Days sales outstanding | 29.15 | 19.17 | 20.79 | 28.42 | 30.66 | |
Days payables outstanding | 29.52 | 17.57 | 19.66 | 38.26 | 26.62 | |
Days of inventory on hand | 130.67 | 71.79 | 42.77 | 61.42 | 45.69 | |
Receivables turnover | 3.09 | 4.7 | 4.33 | 3.17 | 2.94 | |
Payables turnover | 3.05 | 5.12 | 4.58 | 2.35 | 3.38 | |
Inventory turnover | 0.69 | 1.25 | 2.1 | 1.47 | 1.97 | |
ROE | 0.01 | 0.01 | 0.02 | 0.03 | 0.02 | |
Capex per share | -1.22 | -1.22 | -0.88 | -1.11 | -1.51 |
ALE Frequently Asked Questions
What is ALLETE, Inc. stock symbol ?
ALLETE, Inc. is a US stock , located in Duluth of Mn and trading under the symbol ALE
What is ALLETE, Inc. stock quote today ?
ALLETE, Inc. stock price is $59.41 today.
Is ALLETE, Inc. stock public?
Yes, ALLETE, Inc. is a publicly traded company.