Edison International Stock Research

Market Summary

USD68.98+0.86

Delayed

1.26%

EIX Stock Price

EIX RSI Chart

EIX Valuation

Market Cap

26.4B

Price/Earnings (Trailing)

Price/Sales (Trailing)

1.53

EV/EBITDA

5.7

Price/Free Cashflow

-10.29

EIX Price/Sales (Trailing)

EIX Profitability

EBT Margin

3.84%

Return on Equity

5.27%

Return on Assets

1.06%

Free Cashflow Yield

-9.72%

EIX Fundamentals

EIX Revenue

Revenue (TTM)

17.2B

Revenue Y/Y

20.56%

Revenue Q/Q

-23.18%

EIX Earnings

Earnings (TTM)

824.0M

Earnings Y/Y

-17.69%

Earnings Q/Q

735.14%

Price Action

52 Week Range

54.4571.74

(Low)(High)

Last 7 days

-0.2%

Last 30 days

0.2%

Last 90 days

2.1%

Trailing 12 Months

6.4%

EIX Financial Health

Current Ratio

0.68

EIX Investor Care

Dividend Yield

4.11%

Dividend/Share (TTM)

2.84

Shares Dilution (1Y)

0.48%

Diluted EPS (TTM)

1.6

Peers (Alternatives to Edison International)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
NEE	151.5B	21.0B	-0.13%	-6.43%	36.52	7.23	22.77%	16.06%
DUK	74.8B	28.8B	-2.22%	-6.62%	30.49	2.6	16.84%	-31.41%
SO	73.7B	29.3B	0.77%	1.38%	21.5	2.52	26.68%	48.46%
EIX	26.4B	17.2B	0.15%	6.43%	32	1.53	15.53%	-10.92%
FE	23.0B	12.5B	-1.66%	-7.45%	56.58	1.84	11.92%	-68.36%
MID-CAP
PNW	8.9B	4.3B	4.77%	9.89%	17.79	2.06	13.68%	-21.25%
NRG	7.3B	31.5B	-13.33%	-18.67%	5.94	0.23	16.87%	-44.17%
OGE	7.2B	3.4B	-8.04%	-4.74%	10.86	2.14	-7.61%	-9.71%
IDA	5.4B	1.6B	2.19%	-2.54%	21.04	3.31	12.75%	5.47%
HE	4.1B	3.7B	-13.27%	-8.92%	17.07	1.11	31.28%	-2.03%
SJW	2.3B	620.7M	-1.69%	15.73%	31.49	3.75	8.19%	22.07%
SMALL-CAP
MSEX	1.4B	162.4M	-11.55%	-24.16%	31.93	8.34	13.48%	16.11%
UTL	886.7M	563.2M	5.51%	11.70%	21.42	1.57	18.99%	14.68%
GNE	278.1M	364.5M	-21.32%	49.86%	2.8	0.76	3.55%	9592.01%

Financials for Edison International

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	4.1%	17,220	16,535	16,606	15,913	14,905
Costs and Expenses	3.6%	15,737	15,195	15,350	14,576	13,428
EBITDA	7.4%	4,464	4,157	3,893	3,940	-
EBITDA Margin	3.1%	0.26*	0.25*	0.23*	0.25*	-
Earnings Before Taxes	20.1%	662	551	486	616	789
EBT Margin	15.4%	0.04*	0.03*	0.03*	0.04*	-
Interest Expenses	11.3%	1,169	1,050	993	954	925
Net Income	-10.9%	824	925	702	771	925
Net Income Margin	-14.5%	0.05*	0.06*	0.05*	0.05*	-
Free Cahsflow	20.5%	-2,562	-3,224	-2,997	-4,623	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	1.7%	78,041	76,709	75,045	74,720	74,745
Current Assets	9.8%	7,070	6,441	5,653	5,273	5,491
Cash Equivalents	294.0%	914	232	122	231	390
Inventory	8.0%	474	439	438	434	420
Net PPE	1.7%	53,486	52,599	51,695	51,000	50,700
Liabilities	1.9%	60,519	59,416	57,370	57,088	56,956
Current Liabilities	-4.4%	10,347	10,820	9,262	8,342	8,609
. Short Term Borrowings	-33.1%	2,015	3,011	1,985	2,049	2,354
LT Debt, Current	20.2%	2,614	2,175	2,175	1,117	1,077
LT Debt, Non Current	7.5%	27,025	25,145	25,143	24,967	24,170
Shareholder's Equity	1.5%	15,621	15,392	17,675	17,632	15,888
Retained Earnings	2.2%	7,454	7,295	7,716	7,716	7,894
Accumulated Depreciation	-2.8%	106	109	106	103	98.00
Shares Outstanding	0.1%	382	382	381	381	380

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	26.7%	3,216	2,539	2,623	731	11.00
Cashflow From Investing	0.5%	-5,574	-5,602	-5,367	-5,026	-5,151
Cashflow From Financing	4.0%	2,881	2,771	2,782	4,139	5,445
Dividend Payments	1.5%	1,050	1,034	1,018	1,003	988

Risks for EIX

What is the probability of a big loss on EIX?

60.4%

Probability that Edison International stock will be more than 20% underwater in next one year

20.4%

Probability that Edison International stock will be more than 30% underwater in next one year.

Probability that Edison International stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does EIX drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Edison International was unfortunately bought at previous high price.

Drawdowns

Returns for EIX

Cumulative Returns on EIX

6.5%

10-Year Cumulative Returns

3.2%

7-Year Cumulative Returns

5.0%

5-Year Cumulative Returns

13.1%

3-Year Cumulative Returns

What are the long-term rolling returns for EIX?

FIve years rolling returns for Edison International.

Annualized Returns

Which funds bought or sold EIX recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	reduced	-8.47	1,358,890	47,896,900	0.05%
2023-03-06	Rockefeller Capital Management L.P.	added	3.52	910,000	6,462,000	0.03%
2023-03-03	TIAA, FSB	reduced	-7.73	14,878	404,878	-%
2023-02-28	Voya Investment Management LLC	added	4.05	2,555,210	17,589,200	0.03%
2023-02-27	Gallagher Benefit Services, Inc.	new	-	722,195	722,195	0.15%
2023-02-24	National Pension Service	added	0.08	3,580,430	36,719,700	0.07%
2023-02-24	NATIXIS	sold off	-100	-5,019,000	-	-%
2023-02-24	SRS Capital Advisors, Inc.	added	1.35	1,298	14,298	-%
2023-02-23	Portman Square Capital LLP	new	-	794,996	794,996	0.06%
2023-02-22	TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY	unchanged	-	250,000	2,262,000	0.02%

Latest Funds Activity

Are funds buying EIX calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own EIX

No. of Funds

Edison International News

Schedule 13G FIlings of Edison International

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2023	capital international investors	5.0%	19,213,859	SC 13G
Feb 13, 2023	capital research global investors	4.9%	18,656,345	SC 13G/A
Feb 09, 2023	vanguard group inc	12.67%	48,365,315	SC 13G/A
Jan 26, 2023	blackrock inc.	10.5%	39,991,033	SC 13G/A
Jan 20, 2023	blackrock inc.	10.5%	39,991,033	SC 13G/A
Feb 14, 2022	state street corp	6.88%	26,124,905	SC 13G/A
Feb 11, 2022	capital research global investors	5.7%	21,567,094	SC 13G
Feb 09, 2022	vanguard group inc	11.53%	43,798,385	SC 13G/A
Feb 01, 2022	blackrock inc.	9.4%	35,628,603	SC 13G/A
Feb 16, 2021	capital international investors	2.9%	11,091,720	SC 13G/A

EIX Fair Value

Edison International fair value in different scenarios

The table shows the Fair Value estimates for Edison International for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	37.04 -46.30%	44.00 -36.21%	64.09 -7.09%	80.19 16.25%	101.01 46.43%
Current Inflation	34.65 -49.77%	40.64 -41.08%	57.60 -16.50%	71.08 3.04%	88.55 28.37%
Very High Inflation	31.67 -54.09%	36.52 -47.06%	49.93 -27.62%	60.47 -12.34%	74.19 7.55%

Historical Edison International Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Edison International

View All Filings

Date Filed	Form Type	Document
Mar 13, 2023	8-K	Current Report
Mar 06, 2023	4	Insider Trading
Mar 06, 2023	8-K	Current Report
Mar 03, 2023	4	Insider Trading
Mar 03, 2023	4	Insider Trading
Mar 03, 2023	4	Insider Trading
Mar 03, 2023	4	Insider Trading
Mar 03, 2023	4	Insider Trading
Mar 03, 2023	4	Insider Trading
Mar 03, 2023	4	Insider Trading

Latest Insider Trading transactions for EIX

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-02	Umanoff Adam S	gifted	-	-	-1,840	exec. vp & general counsel
2023-03-02	Umanoff Adam S	gifted	-	-	1,840	exec. vp & general counsel
2023-02-22	Anderson Jill Charlotte	sold (taxes)	-12,975	66.2	-196	executive vice president, sce
2023-02-22	Anderson Jill Charlotte	back to issuer	-9.19518	66.2	-0.1389	executive vice president, sce
2023-02-22	Schilling Natalie K	back to issuer	-54.337	66.2	-0.8208	senior vice president
2023-02-22	Schilling Natalie K	acquired	-	-	498	senior vice president
2023-02-22	Murphy J Andrew	back to issuer	-49.5441	66.2	-0.7484	senior vice president
2023-02-22	Choi Caroline	back to issuer	-26.48	66.2	-0.4	senior vice president
2023-02-22	Powell Steven D	sold (taxes)	-24,626	66.2	-372	president and ceo, sce
2023-02-22	Murphy J Andrew	sold (taxes)	-41,573	66.2	-628	senior vice president

About Edison International

Pedro J. Pizarro

www.edison.com

13000

Edison International, through its subsidiaries, generates and distributes electric power. It delivers electricity to 15 million residential, commercial, industrial, public authorities, agricultural, and other customers across Southern, Central, and Coastal California. The company also provides energy solutions to commercial and industrial users. Its transmission facilities consist of lines ranging from 55 kV to 500 kV and substations; and distribution system consists of approximately 39,000 circuit-miles of overhead lines, approximately 31,000 circuit-miles of underground lines, and 800 substations. The company was founded in 1886 and is headquartered in Rosemead, California.

EIX Income Statement

2022-12-31

Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Total operating revenue	$ 17,220	$ 14,905	$ 13,578
Purchased power and fuel	6,375	5,540	4,932
Operation and maintenance	4,724	3,645	3,609
Wildfire-related claims, net of insurance recoveries	1,313	1,276	1,328
Wildfire Insurance Fund expense	214	215	336
Depreciation and amortization	2,561	2,218	1,967
Property and other taxes	501	465	438
Impairment, net of other (income)	54	71	(116)
Gain on sale of lease interest and other operating income	(5)	(2)	(133)
Total operating expenses	15,737	13,428	12,361
Operating income	1,483	1,477	1,217
Interest expense	(1,169)	(925)	(902)
Other income	348	237	251
Income before income taxes	662	789	566
Income tax benefit	(162)	(136)	(305)
Net income	824	925	871
Less: Preferred and preference stock dividend requirements	105	60
Net income attributable to Edison International common shareholders	$ 612	$ 759	$ 739
Basic earnings per share:
Weighted average shares of common stock outstanding	381	380	373
Basic earnings per common share attributable to Edison International common shareholders	$ 1.61	$ 2.00	$ 1.98
Diluted earnings per share:
Weighted average shares of common stock outstanding, including effect of dilutive securities	383	380	374
Diluted earnings per common share attributable to Edison International common shareholders	$ 1.60	$ 2.00	$ 1.98
SCE
Total operating revenue	$ 17,172	$ 14,874	$ 13,546
Purchased power and fuel	6,375	5,540	4,932
Operation and maintenance	4,659	3,588	3,523
Wildfire-related claims, net of insurance recoveries	1,305	1,276	1,328
Wildfire Insurance Fund expense	214	215	336
Depreciation and amortization	2,559	2,216	1,965
Property and other taxes	497	462	435
Impairment, net of other (income)	50	67	(151)
Total operating expenses	15,659	13,364	12,368
Operating income	1,513	1,510	1,178
Interest expense	(1,005)	(791)	(768)
Other income	337	233	255
Income before income taxes	845	952	665
Income tax benefit	(109)	17	(277)
Net income	954	935	942
Less: Preferred and preference stock dividend requirements	107	106	132
Net income attributable to Edison International common shareholders	$ 847	$ 829	$ 810

EIX Balance Sheet

2022-12-31

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
ASSETS
Cash and cash equivalents	$ 914	$ 390
Receivables, less allowances for uncollectible accounts at respective dates	1,695	1,398
Accrued unbilled revenue	641	794
Inventory	474	420
Prepaid expenses	248	258
Regulatory assets	2,497	1,778
Wildfire Insurance Fund contributions	204	204
Other current assets	397	249
Total current assets	7,070	5,491
Nuclear decommissioning trusts	3,948	4,870
Marketable securities	5	12
Other investments	50	39
Total investments	4,003	4,921
Utility property, plant and equipment, less accumulated depreciation and amortization	53,274	50,497
Nonutility property, plant and equipment, less accumulated depreciation at respective dates	212	203
Total property, plant and equipment	53,486	50,700
Receivables, less allowances for uncollectible accounts at respective dates	2	122
Regulatory assets	8,181	7,660
Wildfire Insurance Fund contributions	2,155	2,359
Operating lease right-of-use assets	1,442	1,932
Long-term insurance receivables	465	75
Other long-term assets	1,237	1,485
Total long-term assets	13,482	13,633
Total assets	78,041	74,745
LIABILITIES AND EQUITY
Short-term debt	2,015	2,354
Current portion of long-term debt	2,614	1,077
Accounts payable	2,359	2,002
Wildfire-related claims	121	131
Customer deposits	167	193
Regulatory liabilities	964	603
Current portion of operating lease liabilities	506	582
Other current liabilities	1,601	1,667
Total current liabilities	10,347	8,609
Long-term debt	27,025	24,170
Deferred income taxes and credits	6,149	5,740
Pensions and benefits	422	496
Asset retirement obligations	2,754	2,772
Regulatory liabilities	8,211	8,981
Operating lease liabilities	936	1,350
Wildfire-related claims	1,687	1,733
Other deferred credits and other long-term liabilities	2,988	3,105
Total deferred credits and other liabilities	23,147	24,177
Total liabilities	60,519	56,956
Commitments and contingencies (Note 12)
Preferred / preference stock	1,978	1,977
Common stock, no par value, including additional paid-in capital	6,200	6,071
Accumulated other comprehensive loss	(11)	(54)
Retained earnings	7,454	7,894
Total Edison International's shareholders' equity	15,621	15,888
Noncontrolling interests - preference stock of SCE	1,901	1,901
Total equity	17,522	17,789
Total liabilities and equity	78,041	74,745
SCE Recovery Funding LLC
ASSETS
Other current assets	45	19
Regulatory assets	834	325
LIABILITIES AND EQUITY
Current portion of long-term debt	29	14
Regulatory liabilities	33	14
Other current liabilities	4	1
Long-term debt	809	314
SCE
ASSETS
Cash and cash equivalents	766	279
Receivables, less allowances for uncollectible accounts at respective dates	1,675	1,393
Accrued unbilled revenue	638	794
Inventory	474	420
Prepaid expenses	292	257
Regulatory assets	2,497	1,778
Wildfire Insurance Fund contributions	204	204
Other current assets	384	222
Total current assets	6,930	5,347
Nuclear decommissioning trusts	3,948	4,870
Other investments	36	34
Total investments	3,984	4,904
Utility property, plant and equipment, less accumulated depreciation and amortization	53,274	50,497
Nonutility property, plant and equipment, less accumulated depreciation at respective dates	206	196
Total property, plant and equipment	53,480	50,693
Receivables, less allowances for uncollectible accounts at respective dates	2	122
Regulatory assets	8,181	7,660
Wildfire Insurance Fund contributions	2,155	2,359
Operating lease right-of-use assets	1,433	1,925
Long-term insurance receivables	139	75
Long-term insurance receivables due from affiliate	334
Other long-term assets	1,169	1,453
Total long-term assets	13,413	13,594
Total assets	77,807	74,538
LIABILITIES AND EQUITY
Short-term debt	925	2,354
Current portion of long-term debt	2,214	377
Accounts payable	2,351	1,999
Wildfire-related claims	121	131
Customer deposits	167	193
Regulatory liabilities	964	603
Current portion of operating lease liabilities	505	582
Other current liabilities	1,578	1,631
Total current liabilities	8,825	7,870
Long-term debt	24,044	21,733
Deferred income taxes and credits	7,545	7,181
Pensions and benefits	105	111
Asset retirement obligations	2,754	2,772
Regulatory liabilities	8,211	8,981
Operating lease liabilities	928	1,343
Wildfire-related claims	1,687	1,733
Other deferred credits and other long-term liabilities	2,919	2,979
Total deferred credits and other liabilities	24,149	25,100
Total liabilities	57,018	54,703
Commitments and contingencies (Note 12)
Preferred / preference stock	1,945	1,945
Common stock, no par value, including additional paid-in capital	2,168	2,168
Additional paid-in capital	8,441	7,033
Accumulated other comprehensive loss	(8)	(32)
Retained earnings	8,243	8,721
Total equity	20,789	19,835
Total liabilities and equity	77,807	74,538
SCE \| SCE Recovery Funding LLC
ASSETS
Regulatory assets	834	325
LIABILITIES AND EQUITY
Long-term debt	$ 809	$ 314