Ameren
Financial ratios & Valuation

Forward Multiples (2025 – 2028)

2025202620272028
Price/Earnings ratio
20.9919.6918.5517.40
Price/Sales ratio
3.223.082.982.85
Earnings per Share (EPS)
$4.90$5.23$5.55$5.91

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
19.0916.6419.4827.3619.5122.7822.1323.0421.3916.5021.2019.51
Price/Sales ratio
1.841.712.092.312.523.193.323.562.882.533.292.52
Price/Book Value ratio
1.661.501.791.992.082.342.152.352.181.672.032.34
Price/Cash Flow ratio
7.215.195.996.807.328.6911.1613.7310.157.4115.017.32
Price/Free Cash Flow ratio
-36.33218.49-1.59K-157.26-94.66-69.34-12.26-12.25-20.57-15.75-14.25-94.66
Price/Earnings Growth ratio
0.182.235.63-1.380.3525.364.662.462.753.12-7.1025.36
Dividend Yield
3.48%3.83%3.26%3.01%2.83%2.50%2.56%2.47%2.65%3.48%2.97%2.83%
Profitability Indicator Ratios
Gross Profit Margin
40.75%42.58%44.32%45.83%44.42%46.41%49.32%46.77%42.01%46.22%34.38%46.41%
Operating Profit Margin
20.71%20.64%22.72%23.60%21.57%21.43%22.43%20.84%19.03%20.77%21.67%21.57%
Pretax Profit Margin
16.02%15.54%17.13%17.88%16.81%17.19%17.81%18.01%15.77%17.86%18.04%16.81%
Net Profit Margin
9.68%10.33%10.74%8.46%12.95%14.01%15.03%15.48%13.49%15.36%15.52%12.95%
Effective Tax Rate
38.86%38.29%36.69%52.12%22.40%17.91%15.01%13.62%14.02%13.65%13.66%17.91%
Return on Assets
2.58%2.66%2.64%2.01%2.99%2.86%2.71%2.77%2.83%2.82%2.61%2.86%
Return On Equity
8.72%9.07%9.19%7.28%10.68%10.27%9.74%10.20%10.22%10.15%9.81%10.27%
Return on Capital Employed
6.13%5.84%6.27%6.33%5.53%4.79%4.35%4.05%4.38%4.15%3.98%4.79%
Liquidity Ratios
Current Ratio
0.900.910.590.540.570.570.75N/AN/AN/A0.630.57
Quick Ratio
0.670.650.390.370.390.370.510.480.590.430.410.39
Cash ratio
0.000.130.000.000.000.000.060.000.000.000.000.00
Days of Sales Outstanding
46.3743.3947.7549.5148.5645.3347.1846.8050.4544.7253.4548.56
Days of Inventory outstanding
53.3356.0856.8556.9450.4256.9364.7763.4952.7666.3360.3550.42
Operating Cycle
99.7099.48104.61106.4698.98102.26111.95110.30103.22111.06113.8098.98
Days of Payables Outstanding
72.3681.0086.8598.3985.29100.72119.09117.4491.68102.8154.63100.72
Cash Conversion Cycle
27.3318.4717.768.0613.691.53-7.14-7.1411.538.2559.1613.69
Debt Ratios
Debt Ratio
0.300.320.310.320.330.330.360.380.390.400.420.33
Debt Equity Ratio
1.031.091.101.171.181.211.291.401.431.451.541.18
Long-term Debt to Capitalization
0.470.490.480.490.500.520.550.560.560.570.580.50
Total Debt to Capitalization
0.500.520.520.530.540.540.560.580.580.590.600.54
Interest Coverage Ratio
3.673.543.613.723.383.323.10N/AN/AN/A2.453.32
Cash Flow to Debt Ratio
0.220.260.270.240.240.220.140.120.140.150.080.22
Company Equity Multiplier
3.373.403.473.613.563.593.583.683.603.593.653.56
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.250.330.340.340.340.360.290.250.280.340.210.36
Free Cash Flow / Operating Cash Flow Ratio
-0.190.02-0.00-0.04-0.07-0.12-0.91-1.12-0.49-0.47-1.05-0.12
Cash Flow Coverage Ratio
0.220.260.270.240.240.220.140.120.140.150.080.22
Short Term Coverage Ratio
1.852.891.711.581.842.463.461.581.601.850.872.46
Dividend Payout Ratio
66.55%63.80%63.70%82.40%55.33%57.00%56.71%57.07%56.79%57.46%61.87%55.33%