Ameren Corporation (AEE)

NYSE: AEE · USD

$108

-0.73 (-0.7%)· Recorded snapshot

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StockMarketAgent Research · Analyzed 2026-10-05

Our latest published analysis: AEE rated Hold

Ameren Corporation's published Hold conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$109 / share

Potential value

$147 / share

Upside to FV

+8.7%

from $108

Moat

7/10

Narrow

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$27.7B
Revenue (ttm)	8.4B
Net income (ttm)	1.6B
EPS (ttm)	$5.67
Shares out	276.8M
P/E (trailing)	19.1x
P/E (forward)	17.5x
Dividend	$3.00 (2.78%)
Volume	880,022
Beta	0.45

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 8.4B
Net income (ttm): 1.6B
EPS (ttm): $5.67
P/E (trailing): 19.1x
P/E (forward): 17.5x
Market cap: $27.7B

Item	P1	P2	P3	P4	P5	Trend
Period	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31	Trend
Revenue	$6.39B	$7.96B	$7.50B	$7.62B	$8.80B	+8.3%
Gross profit	$2.99B	$3.34B	$3.47B	$3.65B	$2.60B	-3.4%
Operating income	$1.33B	$1.52B	$1.56B	$1.52B	$2.03B	+11.0%
Net income	$990.0M	$1.07B	$1.15B	$1.18B	$1.46B	+10.1%
EPS (diluted)	$3.84	$4.14	$4.38	$4.42	$5.35	+8.6%
EBITDA	$2.81B	$3.18B	$3.41B	$3.54B	$4.04B	+9.5%
R&D	—	—	—	—	—	—
SG&A	$136.0M	$184.0M	$295.0M	—	—	+47.3%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
ABBV	AbbVie Inc.	505.6B	80.8x	7.9x	17.7%	+3.7%	+29.1%	매도
ABT	Abbott Laboratories	177.6B	38.2x	3.7x	7.2%	+2.7%	-17.2%	비중 축소
ACN	Accenture plc	144.3B	18.0x	2.0x	27.9%	+8.0%	+0.4%	보유
AEP	American Electric Power Company Inc.	69.8B	20.9x	3.0x	4.3%	+7.6%	+13.5%	보유
CEG	Constellation Energy Corporation	91.4B	25.0x	2.9x	7.4%	+10.8%	-33.6%	매도
D	Dominion Energy, Inc.	56.5B	22.5x	3.1x	4.2%	+5.2%	+10.2%	보유

Base and Bull scenarios

Base55%

Price target

$108.60

+8.7% from spot

The Base scenario carries a probability of 55.0% and establishes a target of $108.60, delivering an implied return of 8.7% relative to $99.93 (as of 2026-10-05). This trajectory reflects steady execution of the multi-year infrastructure investment plan, rate base additions compounding under authorized returns on equity, and gradual commercial ramp of signed energy service agreements across Missouri and Illinois service territories. Disconfirmation would occur if state regulatory commissions implement material capital expenditure disallowances or compress authorized returns, which would be visible during general rate case final orders over the intermediate horizon.

Regulated rate base expands steadily driven by ongoing capital investment above annual depreciation
Authorized return on equity and operating margins remain stable under approved formula rate constructs
Commercial customer interconnections ramp according to scheduled utility execution timelines
Financing requirements are met through balanced debt issuance and disciplined equity programs

Bull20%

Price target

$146.69

+46.8% from spot

The Bull scenario carries a probability of 20.0% with a target of $146.69, representing an implied return of 46.8% against $99.93 (as of 2026-10-05). For this trajectory to materialize, large-load data center interconnections must convert at an accelerated cadence, winning competitive bids in regional transmission projects must expand formula-regulated rate base, and regulatory compacts must deliver timely cost pass-through. The scenario would be disconfirmed if data center counterparties defer commercial in-service milestones or if regional transmission bids are awarded to competing developers, measurable through upcoming transmission procurement announcements and integrated resource plan filings.

Accelerated conversion of signed energy service agreements and completed interconnection studies into active load
Award of regional competitive transmission projects expanding formula-rate transmission rate base
Constructive regulatory mechanisms supporting upper-tier compound earnings per share growth
Locked equipment procurement schedules shielding capital projects from supply chain disruption

Sensitivity: Ke × terminal growth

The highlighted cell is Fair value when every assumption sits at its base level ($108.60). Each row and column shows what Fair value becomes when one assumption moves.

Ke ↓ / g →	2.0%	2.3%	2.5%	2.8%	3.0%
5.8%	$120	$125	$131	$137	$145
6.3%	$110	$114	$118	$123	$129
6.8%	$102	$105	$109	$112	$116
7.3%	$95.8	$98.2	$101	$104	$107
7.8%	$90.3	$92.2	$94.3	$96.6	$99.1

Scorecard

Published factor rows and weighted composite

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E17.5

P25 n/aP50 n/aP75 n/a

Trailing P/E17.6

P25 n/aP50 n/aP75 n/a

ROE11.9

P25 n/aP50 n/aP75 n/a

ROIC4.4

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All AEE indicators

Market & fundamental data

Available fields

267

Groups with data

Currency

USD

Showing 267 of 267 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0001002910
Company name	Ameren Corporation
Country	United States
Country code	US
CUSIP number	023608102
Earnings date	2026-11-05
Earnings time	amc
Employees	8,913
Employees change	-68
Employees growth	-0.76%
Enterprise value	$51.7B
Exchange	NYSE
Financial currency	USD
Financial report date	2026-06-30
First seen	2026-05-09
Fiscal year end	December
Founded	1901
In index	SP500
Industry	Utilities - Regulated Electric
Is primary listing	Yes
Is SPAC	No
ISIN number	US0236081024
Last 10-K release date	2026-02-18
Last earnings date	2026-07-30
Last refreshed	2026-10-28
Last stock split type	Never
Market cap	$29.9B
Market cap category	Large-Cap
Next earnings date	2026-11-05
Options	Yes
Price	$108.01
Price currency	USD
Sector	Utilities
SIC code	4931
Stock price date	2026-10-28
Symbol	AEE
U.S. state	Missouri
Website	https://www.amereninvestors.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	20.15x
Average P/E ratio (10Y)	21.11x
Average P/E ratio (3Y)	19.14x
Average P/E ratio (5Y)	20.14x
Earnings yield	5.25%
EV/Earnings	33.18x
EV/EBIT	21.67x
EV/EBITDA	13.26x
EV/Sales	6.16x
FCF / EV yield	-2.8%
FCF yield	-4.82%
Forward EV/Sales	5.49x
Forward P/E	19.53x
Forward P/S	3.18x
Graham number	79.41101
Graham upside	-26.86%
Industry forward P/E	16.43x
Industry P/E	17.35x
Lynch fair value	$63.11
Lynch upside	-41.87%
P/(OCF - SBC) ratio	9.33x
P/B ratio	2.2x
P/E ratio	19.06x
P/OCF ratio	9.25x
P/S ratio	3.57x
PEG ratio	2.33x
Price / tangible book value	2.26x
Price/EBITDA ratio	7.69x
Sector forward P/E	17.04x
Sector P/E	19.79x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	28.45%
EBITDA margin	46.49%
Effective tax rate	9%
Gross margin	52.41%
Operating margin	28.45%
Pretax margin	20.49%
Profit margin	18.58%
Profit per employee	$175,362
Profitable quarters	34
Profitable years	13
Revenue per employee	$943,678
ROA	3.06%
ROA (5Y)	2.87%
ROCE	5.18%
ROE	11.94%
ROE (5Y)	10.58%
ROIC	4.4%
SBC / revenue	0.36%
Tax / revenue	1.84%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	24.67%
EPS growth (Q)	11.88%
EPS growth (QoQ)	-11.72%
EPS growth 10Y	8.25%
EPS growth 3Y	9.93%
EPS growth 5Y	9.29%
EPS growth quarters	7
EPS growth years	8
Net income growth	27.38%
Net income growth (Q)	14.18%
Net income growth (QoQ)	-12.04%
Net income growth 3Y	11.88%
Net income growth 5Y	11.13%
Net income growth quarters	7
Net income growth years	8
OCF growth	8.11%
OCF growth (Q)	-10.67%
OCF growth (QoQ)	82.9%
OCF growth 10Y	4.91%
OCF growth 3Y	9.12%
OCF growth 5Y	17.22%
Revenue growth	3.6%
Revenue growth (Q)	-6.24%
Revenue growth (QoQ)	-3.73%
Revenue growth 10Y	3.79%
Revenue growth 3Y	2.16%
Revenue growth 5Y	7.96%
Revenue growth years	2

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-4.7B
Depreciation and amortization	$1.6B
EBIT	$2.4B
EBITDA	$3.9B
EPS	$5.67
FCF per share	$-5.24
Financing cash flow	$1.6B
Free cash flow	$-1.5B
Free cash flow minus SBC	$-1.5B
Gross profit	$4.4B
Income taxes	$155M
Investing cash flow	$-4.7B
Net borrowing	$1.8B
Net cash flow	$76M
Net income	$1.6B
Operating cash flow minus SBC	$3.2B
Operating income	$2.4B
Revenue	$8.4B
Stock-based compensation	$30M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Book value per share	$49.45
Debt / EBITDA	5.58
Debt / equity	1.58
Goodwill	$411M
Interest coverage	2.89
Long-term assets	$48.6B
Long-term liabilities	$32.4B
Net cash (debt)	$-21.8B
Net cash / market cap	-72.52%
Net debt / EBITDA	5.57
Net debt / equity	1.58
Piotroski F-Score	4
Property, plant and equipment	$41.4B
Shareholders' equity	$13.8B
Tangible book value	$13.3B
Tangible book value per share	$47.96
Total assets	$51.2B
Total cash	$12M
Total debt	$21.8B
Total liabilities	$37.4B
WACC	5.35%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.17
Current assets	$2.6B
Current liabilities	$5B
Current ratio	0.53
Inventory turnover	5.21
Net working capital	$398M
Quick ratio	0.26
Working capital	$-2.3B
Working capital turnover	-5.71

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	-2.22%
Dividend growth	5.63%
Dividend growth (10Y)	5.75%
Dividend growth (3Y)	5.98%
Dividend growth (5Y)	6.4%
Dividend growth years	12
Dividend payment date	2026-12-31
Dividend payment years	29
Dividend payout frequency	Quarterly
Dividend per share	$3.00
Dividend yield	2.78%
Ex-dividend date	2026-12-08
Last dividend	$0.75
Payout ratio	52.93%
Shareholder yield	0.53%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	121.67%
10Y return CAGR	11.46%
10Y total return	195.79%
150-day SMA	$108.52
15Y price change	234.8%
15Y return CAGR	12.1%
15Y total return	454.84%
1D price change	-0.67%
1M price change	8.7%
1M total return	8.7%
1W price change	1.7%
1W total return	1.7%
1Y price change	3.08%
1Y return CAGR	6.02%
1Y total return	6.01%
20-day SMA	$104.34
200-day SMA	$108.32
20Y price change	97.26%
20Y return CAGR	7.63%
20Y total return	335.53%
3M price change	-3.63%
3M total return	-2.95%
3Y price change	43.33%
3Y return CAGR	16.24%
3Y total return	57.09%
50-day SMA	$104.33
50-day SMA vs 200-day SMA	50under200
52-week high	$118.32
52-week high date	2026-06-26
52-week low	$96.57
52-week low date	2025-12-12
5Y price change	27.92%
5Y return CAGR	8.19%
5Y total return	48.23%
6M price change	-3.46%
6M total return	-2.09%
All-time high	$118.32
All-time high date	2026-06-26
All-time low	$19.51
All-time low date	2009-03-12
Average true range (ATR)	$1.66
Average volume	1.9M
Beta (1Y)	-0.27
Beta (2Y)	0.16
Beta (5Y)	0.45
Change from 52-week high	-8.71%
Change from 52-week low	11.85%
Change from all-time high	-8.69%
Change from all-time low	453.77%
Change from open	-0.59%
Day's gap	-0.08%
Dollar volume	$95.1M
High price	$109.02
Low price	$107.94
Monthly RSI	56.08
Open price	$108.65
Position in 52-week range	6.48%
Premarket change	0%
Premarket close	$108.74
Premarket price	$108.74
Previous close	$108.74
Price vs 150-day SMA	-0.44%
Price vs 20-day SMA	3.54%
Price vs 200-day SMA	-0.26%
Price vs 50-day SMA	3.56%
Relative volume	0.47
RSI	62.51
Sharpe ratio	0.19
Sharpe ratio (3Y)	0.7
Sharpe ratio (5Y)	0.3
Sortino ratio	0.59
Sortino ratio (3Y)	1.31
Sortino ratio (5Y)	0.71
Volume	880K
Weekly RSI	52.38
YTD price change	8.19%
YTD total return	10.47%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	275.1M
Float percentage	99.37%
Shares change (QoQ)	0.11%
Shares change (YoY)	2.22%
Shares held by insiders	0.35%
Shares held by institutions	89.57%
Shares outstanding	276.8M
Short % of float	5.17%
Short % of shares	5.14%
Short ratio	8 days

Deeper analysis on AEE

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Quote this valuation with its source: Fair value, Potential value and the price at analysis.

Frequently asked questions

About this AEE report

What is the latest published AEE stock rating?

Ameren Corporation is shown with Hold in the latest published report, analyzed 2026-10-05. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full AEE analysis?

The full latest published report, analyzed 2026-10-05, lives at /stocks/AEE/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for AEE?

The latest published report analyzed 2026-10-05 gives AEE a fair value of USD 109 and a potential value of USD 147. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the AEE page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-10-05). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

HoldAEE · Fair value $109+8.7%

Read full analysis →

Ameren Corporation (AEE)

Our latest published analysis: AEE rated Hold

Price

Financial snapshot

Fair-value bridge

Latest news · AEE

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All AEE indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on AEE

Frequently asked questions

등급 이력

Category	Score	Reading
Valuation	6.0
Management	9.5
Balance Sheet	1.5
Profitability	5.5
Revenue Growth	2.5
Risk Assessment	5.5
Competitive Moat	7.0
Earnings Quality	8.0
Capital Efficiency	3.5