Ameren Corp (AEE)
Utilities · Multi-Utilities · US stock · S&P 500 component
$106.08
▲ +2.32 (2.24%)
Fair valueFair
$107 +0.7% to fair value
$53fair band $75–$139$160
Day's range
$103.78 – $106.34
52-week range
$94.58 – $117.49
About Ameren Corp
Ameren is a utility holding company that provides regulated electricity and natural gas service in Missouri and Illinois. Its utilities generate and purchase power, transmit it over high-voltage lines, and deliver it along with natural gas to homes and businesses. Revenue comes mostly from rates approved by state and federal regulators, which are designed to recover costs and permit a return on the capital invested in the system.
A dividend is paid, with a yield of 2.8%. Looking at the numbers, trailing revenue is $8.7 billion, and it grew 3.4% a year over the past three years. Operating margin is 24.9%, while return on invested capital is 6%. Net debt to EBITDA is 5.7 times. Taken together, these figures give an X-Ray Score of 57 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $94.58 – $117.49Volume 1,942,437Daily, split-adjusted
Vitals
Market cap$29.6B
52-week range$94.58 – $117.49
Volume (last day)1,942,437
P/E (TTM)18.6
EBIT / EV yield4.2%
Free-cash-flow yield-4.7%
Dividend yield2.8%
Revenue (TTM)$8.7B
Net income (TTM)$1.6B
Operating margin24.9%
Return on capital5.5%
Debt incl. leases$21.8B
Cash & securities$12M
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$107model spread $94 – $126
Fair
+0.7% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is Medium, so the safety margin is 30%.
Terminal value >80% of DCF: lower confidence
Price $106
Undervalued < $75Fair $75 – $139Overvalued > $139
10-year DCF (market-scaled)
$96
Peer multiples
$109
Earnings power floor (not blended)
$18
Fundamentals-adjusted multiple
$116
Growth the price implies
11.8%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Average business, fairly priced
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Utilities peers. Open a lens to see the numbers behind it.
Valuation
Fair
54/100
Priced about in line with its sector.
See the numbers →
EBIT / EV yield4.2%
Free-cash-flow yield-4.7%
Fair value vs price1.0×
Growth
Fair
54/100
Growing at a typical pace for its sector.
See the numbers →
Revenue growth (3y)3.4%
EPS growth (3y)8.9%
Growth consistency60%
Profitability
Fair
67/100
Returns on capital are typical for its sector.
See the numbers →
Return on invested capital5.5%
Operating margin24.9%
Financial health
Fair
59/100
Balance sheet is in typical shape for its sector.
See the numbers →
Piotroski F-Score7 / 9
Net debt / EBITDA5.7×
Interest cover2.6×
Dividends
Fair
55/100
Dividend is typical for its sector.
See the numbers →
Dividend yield2.8%
Dividend growth8.0%
Quarterly results: last 6 quarters
+15.5%
Mar '25
+31.2%
Jun '25
+24.2%
Sep '25
-8.2%
Dec '25
+3.8%
Mar '26
-5.8%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $2.1B, diluted EPS $1.13.
Compare with peers
ED Consolidated Edison In...69 NI Nisource Inc.55 DTB Dte Energy Co55 D Dominion Energy, Inc48Other Multi-Utilities companies by X-Ray Score.
Fundamentals checklist
● 2 Good · ● 9 Average · ● 3 BadCash quality
Earnings backed by cashAverage
Free-cash-flow yieldAverage
Risk models
Altman Z''Bad
Piotroski F-ScoreGood
Growth
EPS growth (3y)Average
Revenue growth (3y)Average
Growth consistencyBad
Balance sheet
Current ratioBad
Net debt / EBITDAAverage
Interest coverAverage
Valuation
Fair value vs priceAverage
EBIT / EV yieldAverage
Profitability
Return on invested capitalAverage
Operating marginGood
Each check is graded against the company's sector, not a fixed number. Checklist score 52/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $6.4B | $8.0B | $7.5B | $7.6B | $8.8B |
| Operating income | $1.3B | $1.5B | $1.6B | $1.5B | $2.0B |
| Net income | $995M | $1.1B | $1.2B | $1.2B | $1.5B |
| Operating cash flow | $1.7B | $2.3B | $2.6B | $2.8B | $3.4B |
| Operating margin | 20.8% | 19.0% | 20.8% | 19.9% | 23.0% |
| Free cash flow | −$1.8B | −$1.1B | −$1.0B | −$1.6B | −$775M |
| Diluted EPS | $3.84 | $4.14 | $4.38 | $4.42 | $5.35 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bullish
10 bullish · 1 neutral · 5 bearish
Weekly
Bullish
8 bullish · 1 neutral · 3 bearish
Monthly
Strongly bullish
6 bullish · 1 neutral · 1 bearish
Moving averages (daily)
| SMA 10 | 102.9 | Bullish |
| EMA 10 | 103.3 | Bullish |
| SMA 20 | 101.5 | Bullish |
| EMA 20 | 102.8 | Bullish |
| SMA 50 | 104.2 | Bullish |
| EMA 50 | 104.1 | Bullish |
| SMA 100 | 107.1 | Bearish |
| EMA 100 | 105.6 | Bullish |
| SMA 200 | 106.8 | Bearish |
| EMA 200 | 105.1 | Bullish |
Oscillators (daily)
| RSI (14) | 64.96 | Neutral |
| MACD (12, 26) | 0.16 | Bullish |
| Momentum (12) | 6.74 | Bullish |
| Stochastic %K (14) | 96.87 | Bearish |
| Williams %R (14) | -3.13 | Bearish |
| CCI (20) | 172.2 | Bearish |
Pivot points (classic, last session)
S3 101.9 | S2 102.8 | S1 104.5 | Pivot 105.4 | R1 107.0 | R2 108.0 | R3 109.6 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
2.96 USD
Yield on today's price
2.79%
Frequency
Quarterly
Next ex-dividend date
8 Dec 2026
| Ex-dividend date | Amount per share |
|---|---|
| 8 Dec 2026 (upcoming) | 0.7500 |
| 8 Sep 2026 | 0.7500 |
| 9 Jun 2026 | 0.7500 |
| 10 Mar 2026 | 0.7500 |
| 9 Dec 2025 | 0.7100 |
| 9 Sep 2025 | 0.7100 |
| 10 Jun 2025 | 0.7100 |
| 11 Mar 2025 | 0.7100 |
| 11 Dec 2024 | 0.6700 |
| 11 Sep 2024 | 0.6700 |
| 12 Jun 2024 | 0.6700 |
| 12 Mar 2024 | 0.6700 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
AEE SEC filings
28 Sep 2026
8-KSEC EDGAR
Other events
18 Sep 2026
8-KSEC EDGAR
Other events
24 Aug 2026
8-KSEC EDGAR
Other events
4 Aug 2026
8-KSEC EDGAR
Other events
4 Aug 2026
424B5SEC EDGAR
424B5
3 Aug 2026
10-QSEC EDGAR
Quarterly report
30 Jul 2026
8-KSEC EDGAR
Results of operations; Other events
29 Jun 2026
8-KSEC EDGAR
Other events
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.