AEE Ameren
too hard · 36
Owner-earnings value$96.14
Price$99.94
Margin of safety
-3.8%
Quality gate · 36/100
⚠ sub-hurdle returns (median roic 6% < 9%) · over-levered (net debt/EBITDA 4.8x > 4x)
Median ROIC6.2%
Gross margin48.6%
Net debt / EBITDA4.8x
FCF conversion-99%
Share count / yr+1.8%
Profitable years4/4
Moat & management
Owner-earnings inputs
| Owner earnings (TTM) | 1.52B |
| Owner-earnings yield | 5.5% |
| Free-cash-flow yield | -4.9% |
| Growth used (normalized) | 3.4% |
| Market-implied growth (reverse DCF) | 4.3% |
| Terminal growth | 3.0% |
| Discount rate (hurdle) | 9.0% |
Projected owner earnings
| Yr | Owner earnings | Growth | PV |
|---|---|---|---|
| 1 | 1.58B | 3.4% | 1.45B |
| 2 | 1.63B | 3.4% | 1.37B |
| 3 | 1.68B | 3.3% | 1.30B |
| 4 | 1.74B | 3.3% | 1.23B |
| 5 | 1.79B | 3.2% | 1.17B |
| 6 | 1.85B | 3.2% | 1.10B |
| 7 | 1.91B | 3.1% | 1.04B |
| 8 | 1.97B | 3.1% | 987.88M |
| 9 | 2.03B | 3.0% | 933.91M |
| 10 | 2.09B | 3.0% | 882.51M |
⚠ maintenance capex ≈ min(capex, D&A), capped at FCF · Price pays for ~4%/yr owner-earnings growth over 10y (reverse DCF); model credits 3%.