Financials PG&E Corporation

Equities

PCG

US69331C1080

Electric Utilities

Market Closed - Nyse Other stock markets 01:30:02 10/09/2024 am IST			5-day change	1st Jan Change
19.81 ^USD	-1.34%		+0.56%	+9.87%

04/09	Enphase Configurations to Help Expand Legacy Net Energy Metering Solar Energy Systems in California	MT
23/08	Morgan Stanley Adjusts PG&E Price Target to $19 From $18, Maintains Equal Weight Rating	MT

Projected Income Statement: PG&E Corporation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	17,129	18,469	20,642	21,680	24,428	24,570	25,563	26,395
Change	-	7.82%	11.77%	5.03%	12.68%	0.58%	4.04%	3.25%
EBITDA ¹	4,500	8,561	7,902	7,149	8,540	9,528	10,612	11,459
Change	-	90.24%	-7.7%	-9.53%	19.46%	11.56%	11.38%	7.98%
EBIT ¹	1,266	5,093	4,499	3,293	4,802	5,201	5,851	6,526
Change	-	302.29%	-11.66%	-26.81%	45.82%	8.31%	12.49%	11.54%
Interest Paid ¹	-934	-1,260	-1,601	-	-2,850	-2,701	-2,629	-2,730
Earnings before Tax (EBT) ¹	-11,042	-942	748	476	699	3,179	3,800	4,221
Change	-	-91.47%	-	-36.36%	46.85%	354.76%	19.55%	11.07%
Net income ¹	-7,656	-1,318	-102	1,800	2,242	2,553	3,003	3,318
Change	-	-82.78%	-92.26%	-	24.56%	13.88%	17.61%	10.51%
Announcement Date	18/02/20	25/02/21	10/02/22	23/02/23	22/02/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2019 Q3	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2
Net sales ¹	4,432	4,743	4,306	4,533	4,882	4,748	4,716	5,215	5,465	5,246	5,798	5,118	5,394	5,370	6,209	5,290	5,888	7,041	5,861	5,986	6,456	7,369	6,143	6,298
Change	-	7.02%	-9.21%	5.27%	7.7%	-2.74%	-0.67%	10.58%	4.79%	-4.01%	10.52%	-11.73%	5.39%	-0.44%	15.62%	-14.8%	11.3%	19.58%	-16.76%	2.13%	7.85%	14.15%	-16.65%	2.53%
EBITDA ¹	1,499	1,651	-	-	1,621	1,554	1,698	1,721	2,803	1,678	1,904	1,738	1,938	1,746	2,127	1,662	1,785	2,576	2,391	2,272	2,434	2,945	2,710	2,635
Change	-	10.14%	-100%	-	-	-4.13%	9.27%	1.35%	62.87%	-40.14%	13.47%	-8.72%	11.51%	-9.91%	21.82%	-21.86%	7.4%	44.31%	-7.18%	-4.98%	7.14%	21%	-7.99%	-2.78%
EBIT ¹	659	850	-	-	776	660	810	870	2,002	815	932	797	936	805	1,050	665	1,040	1,723	1,369	1,219	1,343	1,900	1,511	1,363
Change	-	28.98%	-100%	-	-	-14.95%	22.73%	7.41%	130.11%	-59.29%	14.36%	-14.48%	17.44%	-14%	30.43%	-36.67%	56.39%	65.67%	-20.55%	-10.96%	10.16%	41.48%	-20.46%	-9.78%
Charge d'intérêts ¹	-52	-719	-	-	-391	-416	-408	-398	-399	-396	-419	-411	-525	-	-602	-640	-682	-926	-715	-812	-832	-828	-	-
Earnings before Tax (EBT) ¹	-2,345	-5,081	-	-	-23	172	25	368	37	318	274	32	362	-192	224	75	-65	465	774	606	684	1,302	-	-
Change	-	116.67%	-100%	-	-	-	-85.47%	1,372%	-89.95%	759.46%	-13.84%	-88.32%	1,031.25%	-	-	-66.52%	-	-	66.45%	-21.71%	12.87%	90.35%	-100%	-
Net income ¹	-1,619	-3,617	371	-1,972	83	200	120	397	-1,091	472	475	356	456	513	569	406	348	919	732	520	624.5	816.5	-	-
Change	-	123.41%	-	-	-	140.96%	-40%	230.83%	-	-	0.64%	-25.05%	28.09%	12.5%	10.92%	-28.65%	-14.29%	164.08%	-20.35%	-28.96%	20.1%	30.75%	-100%	-
Announcement Date	07/11/19	18/02/20	01/05/20	30/07/20	29/10/20	25/02/21	29/04/21	29/07/21	01/11/21	10/02/22	28/04/22	28/07/22	27/10/22	23/02/23	04/05/23	27/07/23	26/10/23	22/02/24	25/04/24	25/07/24	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: PG&E Corporation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	2,216	40,379	44,599	-	55,390	57,965	60,911	63,083
Change	-	1,722.16%	10.45%	-	-	4.65%	5.08%	3.57%
Announcement Date	18/02/20	25/02/21	10/02/22	23/02/23	22/02/24	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: PG&E Corporation

Fiscal Period: December	2019	2020	2021	2023	2024	2025	2026
CAPEX ¹	6,313	7,690	7,689	9,714	10,175	11,837	11,276
Change	-	21.81%	-0.01%	-	4.75%	16.33%	-4.74%
Free Cash Flow (FCF) ¹	-1,497	-26,820	-5,427	-4,967	-1,930	-2,652	-2,908
Change	-	1,691.58%	-79.77%	-	-61.14%	37.37%	9.69%
Announcement Date	18/02/20	25/02/21	10/02/22	22/02/24	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: PG&E Corporation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	26.27%	46.35%	38.28%	32.98%	34.96%	38.78%	41.51%	43.41%
EBIT Margin (%)	7.39%	27.58%	21.8%	15.19%	19.66%	21.17%	22.89%	24.73%
EBT Margin (%)	-64.46%	-5.1%	3.62%	2.2%	2.86%	12.94%	14.87%	15.99%
Net margin (%)	-44.7%	-7.14%	-0.49%	8.3%	9.18%	10.39%	11.75%	12.57%
FCF margin (%)	-8.74%	-145.22%	-26.29%	-	-20.33%	-7.86%	-10.37%	-11.02%
FCF / Net Income (%)	19.55%	2,034.9%	5,320.59%	-	-221.54%	-75.6%	-88.3%	-87.65%
Profitability
ROA	2.56%	2.06%	2.13%	-	2.15%	6.5%	6.55%	6.45%
ROE	23.32%	9.62%	8.37%	-	10.99%	11.02%	10.86%	10.6%
Financial Health
Leverage (Debt/EBITDA)	0.49x	4.72x	5.64x	-	6.49x	6.08x	5.74x	5.51x
Debt / Free cash flow	-1.48x	-1.51x	-8.22x	-	-11.15x	-30.03x	-22.97x	-21.69x
Capital Intensity
CAPEX / Current Assets (%)	36.86%	41.64%	37.25%	-	39.77%	41.41%	46.31%	42.72%
CAPEX / EBITDA (%)	140.29%	89.83%	97.3%	-	113.75%	106.8%	111.55%	98.41%
CAPEX / FCF (%)	-421.71%	-28.67%	-141.68%	-	-195.57%	-527.17%	-446.45%	-387.72%
Items per share
Cash flow per share ¹	-	-15.22	1.14	-	2.22	-	-	-
Change	-	-	-107.49%	-	-	-	-	-
Dividend per Share ¹	-	-	-	-	-	0.0475	0.0962	0.1619
Change	-	-	-	-	-	-	102.63%	68.19%
Book Value Per Share ¹	9.705	10.58	10.56	-	11.74	12.98	14.51	16.01
Change	-	9.04%	-0.18%	-	-	10.57%	11.75%	10.38%
EPS ¹	-14.5	-1.05	-0.05	0.84	1.05	1.202	1.433	1.553
Change	-	-92.76%	-95.24%	-1,780%	25%	14.52%	19.15%	8.39%
Nbr of stocks (in thousands)	5,29,230	19,84,566	19,85,369	19,87,700	21,33,508	21,37,460	21,37,460	21,37,460
Announcement Date	18/02/20	25/02/21	10/02/22	23/02/23	22/02/24	-	-	-