Edison International (EIX) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+1041.1%

$680.59

vs $59.65 price

Levered DCF

$475.68

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

0.64

Distress zone

Rating

A-

Overall 4 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	5.18×	23.98×	22.84×	39.52×	34.13×	31.73×	19.95×	-61.04×
P/B	1.31×	1.98×	1.77×	1.55×	1.63×	1.67×	1.93×	1.77×
P/S	1.2×	1.75×	1.68×	1.41×	1.74×	1.73×	2.08×	1.46×
EV / EBITDA	7.52×	10.73×	10.66×	12.64×	13.76×	13.61×	11.99×	21.32×
Gross margin	57.8%	41.0%	41.1%	35.5%	38.4%	37.1%	36.4%	35.2%
Operating margin	36.7%	16.6%	16.1%	8.6%	9.9%	9.0%	14.4%	-4.4%
Net margin	23.6%	8.8%	8.6%	4.8%	6.2%	6.4%	11.4%	-2.4%
Current ratio	0.73×	0.85×	0.79×	0.68×	0.64×	0.49×	0.64×	0.62×
Debt / equity	2.42×	2.43×	2.28×	2.12×	1.86×	1.72×	1.47×	1.48×
Interest coverage	4.61×	1.57×	1.63×	1.27×	1.6×	1.35×	2.11×	-0.75×
Dividend yield	6.0%	4.2%	4.5%	4.7%	3.9%	4.0%	3.2%	4.3%
Payout ratio	30.2%	83.2%	86.7%	139.4%	110.6%	106.5%	57.7%	-260.9%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	25.9%	9.9%	9.1%	5.3%	5.8%	6.2%	10.6%	-2.9%
Return on invested capital	6.3%	3.6%	3.2%	2.0%	2.1%	1.9%	3.0%	-0.3%
Return on assets	4.8%	1.8%	1.7%	1.1%	1.2%	1.3%	2.2%	-0.5%
Free cash flow yield	-3.1%	-2.2%	-7.5%	-10.6%	-21.2%	-18.0%	-20.2%	-7.2%
Earnings yield	19.7%	5.0%	5.1%	3.4%	3.6%	3.7%	5.5%	-1.6%
Enterprise value	$65.5B	$68.4B	$62.3B	$56.4B	$55.1B	$47.5B	$45.2B	$33.8B
Net debt / EBITDA	4.87×	5.9×	5.98×	7.21×	7.28×	6.9×	5.18×	9.64×
Cash conversion cycle (days)	-30	11	6	-12	-9	-2	-23	-14