Company Valuation: Essential Utilities, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 13,570 12,519 10,203 9,974 10,855 11,791 - -
Change - -7.74% -18.5% -2.24% 8.83% 8.62% - -
Enterprise Value (EV) 1 19,618 19,335 17,265 17,710 19,102 20,864 21,616 22,042
Change - -1.44% -10.71% 2.58% 7.86% 9.22% 3.6% 1.97%
P/E 32.1x 27x 20.1x 16.7x 17.4x 18.9x 17.6x 16.4x
PBR 2.67x 2.34x 1.73x 1.61x 1.58x 1.61x 1.56x 1.49x
PEG - 4.51x 3.95x 1x 12.59x -79.05x 2.24x 2.23x
Capitalization / Revenue 7.23x 5.47x 4.97x 4.78x 4.39x 4.76x 4.44x 4.17x
EV / Revenue 10.4x 8.45x 8.41x 8.49x 7.72x 8.42x 8.15x 7.8x
EV / EBITDA 21.8x 19.7x 16.7x 15.7x 14.3x 14.8x 13.9x 13.1x
EV / EBIT 32.5x 29.2x 24.9x 23.4x 20.7x 20.4x 19.3x 18x
EV / FCF -52.2x -41.8x -65x -31.7x - -39.9x -44.1x -53.8x
FCF Yield -1.92% -2.39% -1.54% -3.16% - -2.51% -2.27% -1.86%
Dividend per Share 2 1.038 1.11 1.188 1.265 1.336 1.41 1.494 1.581
Rate of return 1.93% 2.33% 3.18% 3.48% 3.48% 3.39% 3.59% 3.81%
EPS 2 1.67 1.77 1.86 2.17 2.2 2.195 2.367 2.541
Distribution rate 62.1% 62.7% 63.9% 58.3% 60.7% 64.2% 63.1% 62.2%
Net sales 1 1,878 2,288 2,054 2,086 2,475 2,477 2,654 2,826
EBITDA 1 900.7 982.4 1,036 1,127 1,338 1,411 1,559 1,680
EBIT 1 602.7 661.2 692.1 757.7 921 1,024 1,120 1,224
Net income 1 431.6 465.2 498.2 595.3 616.4 637.3 693.4 743.3
Net Debt 1 6,048 6,816 7,062 7,736 8,247 9,073 9,825 10,251
Reference price 2 53.69 47.73 37.35 36.32 38.36 41.55 41.55 41.55
Nbr of stocks (in thousands) 252,743 262,291 273,166 274,611 282,976 283,779 - -
Announcement Date 2/23/22 2/27/23 2/22/24 2/26/25 2/25/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18.93x8.42x14.79x3.39% 11.79B
14.48x5.23x8.58x3.55% 17.96B
14.14x7.38x12.33x4.07% 13.66B
19.15x6.57x13.21x4.36% 12.18B
23.81x - - 2.38% 3.5B
10.11x - - - 3.24B
19.24x - - 2.67% 3.1B
10.77x - - - 3.06B
19.81x5.22x12.64x6.55% 2.93B
7.79x - - 3.89% 2.47B
Average 15.82x 6.56x 12.31x 3.86% 7.39B
Weighted average by Cap. 16.18x 6.65x 11.87x 3.82%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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