AEE

NYSE

AMEREN CORP

Utilities, Multi-Utilities

$108.84

close 7 Aug 2026

+7.38%

52-week change

$30.13B

market cap

$96.57

$118.32

52-week range

Expected price

$106.97 – $130.74

Current price

$108.84

Signal

Appears fairly valued

A historical-multiple reference, never a fair-value claim. The band uses only data public at each date and ends at the latest month — no forward estimates.

Current multiples

P/E (TTM)19.16x

P/S (TTM)3.44x

P/B2.20x

EV/EBITDA (TTM)13.19x

FCF yield (TTM)-4.65%

PEG (TTM, GAAP)2.15

Context

P/E, own 5-year average20.66x

P/E, sector median21.33x*

Price at 5-year median P/E$119.49*

Indicated dividend yield2.76%

Forward — analyst consensus

Forward P/E (FY2026)20.21x*

Forward P/E (FY2027)18.65x

Forward PEG2.41*

Consensus EPS FY2026 (8 analysts)$5.38

EPS growth (FY2026→FY2027)8.37%

Revenue growth (FY2026)5.08%

Street view

Price target (mean)$121.94*

Target upside12.03%

Ratings (buy / hold / sell)11 / 6 / 0

FY2026 EPS revisions, 30d (up / down)1 / 0

5-year history

Dashed line: average of month-end values

P/E (TTM)

P/S (TTM)

P/B

FCF yield (TTM)

Dividend yield

period to 30 Jun 2026, filed 3 Aug 2026, close 7 Aug 2026

Discounted cash flow

Ten projected years plus a perpetuity, prefilled from filings — a model to argue with, never a fair-value claim.

Free cash flow, last ten years and TTM

Assumptions

Growth rate, years 1–10%

Perpetual growth%Discount rate%

Base FCF$M

As filed — not assumptions

Current price$108.84

Cash & equivalents$12.00M

Total debt$20.59B

Shares outstanding276.80M

Result

DCF price per share-$188.91

Current price$108.84

Margin of safety-273.57%

PV of years 1–10-$12.03B

PV of terminal value-$19.69B

Equity value-$52.29B

Market-implied growth—

The base free cash flow is not positive; growing a negative flow is rarely a meaningful valuation.

Projected FCF, years 1–10

Hover for PV and growth

Projection detail

Override growth for any year; blank years use the uniform rate

Year	2026	2027	2028	2029	2030	2031	2032	2033	2034	2035	Terminal
Growth, %											2.5
FCF	-$1.47B	-$1.54B	-$1.62B	-$1.70B	-$1.79B	-$1.88B	-$1.97B	-$2.07B	-$2.17B	-$2.28B	-$42.50B
PV	-$1.36B	-$1.32B	-$1.29B	-$1.25B	-$1.22B	-$1.18B	-$1.15B	-$1.12B	-$1.09B	-$1.06B	-$19.69B

period to 30 Jun 2026, filed 3 Aug 2026, close 7 Aug 2026