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Earnings transcript
Read the complete earnings call transcript.
ALE
ALLETE, Inc.
$67.9
-0.04
(-0.06%)
| Exchange: | |
| Market Cap: | 3.944B |
| Shares Outstanding: | 17.892M |
About The Company
| Sector: | Utilities | |||||
| Industry: | Diversified Utilities | |||||
| CEO: | Bethany Owen | |||||
| Full Time Employees: | 1595 | |||||
| Address: |
| |||||
| Website: | https://www.allete.com |
ALLETE, Inc. operates as an energy company. The company operates through Regulated Operations, ALLETE Clean Energy, and Corporate and Other segments. It generates electricity from coal-fired, biomass co-fired / natural gas, hydroelectric, wind, and solar. The company provides regulated utility electric services in northwestern Wisconsin to approximately 15,000 electric customers, 13,000 natural gas customers, and 10,000 water customers, as well as regulated utility electric services in northeastern Minnesota to approximately 145,000 retail customers and 15 non-affiliated municipal customers. It also owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois. In addition, the company focuses on developing, acquiring, and operating clean and renewable energy projects; and owns and operates approximately 1,000 megawatts of wind energy generation facility. Further, it is involved in the coal mining operations in North Dakota; and real estate investment activities in Florida. The company owns and operates 158 substations with a total capacity of 10,066 megavolt amperes. It serves taconite mining, paper, pulp and secondary wood products, pipeline, and other industries. The company was formerly known as Minnesota Power, Inc. and changed its name to ALLETE, Inc. in May 2001. ALLETE, Inc. was incorporated in 1906 and is headquartered in Duluth, Minnesota.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2022 | 2023 | 2024 |
|---|---|---|---|
| Revenue | 1,570,700 | 1,879,800 | 1,529,800 |
| Gross Profit | 446,800 | 489,900 | 1,168,400 |
| EBITDA | 417,500 | 539,400 | 486,300 |
| Operating Income | 134,200 | 180,900 | 160,100 |
| Net Income | 131,300 | 247,100 | 179,300 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2022 | 2023 | 2024 |
|---|---|---|---|
| Total Assets | 6,845,600 | 6,656,400 | 6,754,300 |
| Total Liabilities | 3,497,300 | 3,249,300 | 3,364,200 |
| Total Stockholders Equity | 2,691,900 | 2,809,600 | 2,848,000 |
| Total Debt | 1,933,300 | 1,791,300 | 1,799,400 |
| Cash and Cash Equivalents | 36,400 | 71,900 | 32,800 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2022 | 2023 | 2024 |
|---|---|---|---|
| Operating Cash Flow | 221,300 | 585,300 | 457,100 |
| Capital Expenditure | -220,500 | -271,200 | -354,900 |
| Free Cash Flow | 800 | 314,100 | 102,200 |
| Net Income | 131,300 | 247,100 | 121,700 |
| Net Change in Cash | -7,500 | 39,200 | -24,200 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2029 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 1,829,464.256 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 2,210,535.743 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 2,020,000 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 551,611.346 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 666,510.205 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 609,060.776 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 273,847.156 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 350,392.854 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 312,120.005 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 0 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 0 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 0 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 5.400 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 6.060 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 4.740 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 1 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 1 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates ALE intrinsic value between $26.02 – $46.16 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about ALE valuation
Is ALLETE, Inc. (ALE) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for ALLETE, Inc. (ALE) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is ALE a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether ALE trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is ALE’s P/E ratio?
You can see ALE’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for ALE?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is ALE a good long-term investment?
Whether ALE fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
ALE
1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.
Daily snapshot
-0.06
Trading Metrics:
| Open: | 67.95 | Previous Close: | 67.94 | |
| Day Low: | 67.9 | Day High: | 67.99 | |
| Year Low: | 62.38 | Year High: | 67.99 | |
| Price Avg 50: | 67.45 | Price Avg 200: | 65.67 | |
| Volume: | 3.606M | Average Volume: | 822064 |
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