# Constellation Energy CDR (CAD Hedged) (CEGS.TO) fundamentals

Data as of 2026-11-04. TSX, Canada. Sector: Utilities / Power Producers & Renewables. Price C$17.91, market value C$127.3 billion.

## Valuation
- **P/E (trailing): 26.3×** (5-yr avg 67.0×, 3-yr avg 67.0×). Constellation Energy CDR (CAD Hedged) trades at 26.3× trailing earnings, well below its own five-year average of 67.0×: cheap by its own standards. The Utilities median in the September 2026 study was 21.2×.
- **Price / sales: 4.1×**. Each dollar of revenue is priced at 4.1×.
- **Price / book: 8.8×**. The shares trade at 8.8× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **EV / EBITDA: 16.1×**. Enterprise value is 16.1× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 0.2%** (5-yr avg 0.8%). Free cash flow equals 0.2% of the market value, below its five-year average of 0.8%, so the shares are pricier on cash than usual.
- **Earnings yield: 3.8%**. The inverse of the P/E: 3.8% of the price is earned each year.

## Profitability
- **Gross margin: 21.4%**. Constellation Energy CDR (CAD Hedged) keeps 21.4% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Operating margin: 14.3%**. 14.3% of revenue is left after running the business.
- **Net margin: 9.1%**. 9.1% of each dollar of sales reaches the bottom line.
- **Return on equity: 16.0%**. 16.0% on shareholders' equity is solid.
- **Return on invested capital: 15.3%**. Return on all capital, debt included, is 15.3%: comfortably above what that capital costs.
- **Return on assets: 6.1%**. Each dollar of assets produces 6.1% of profit.

## Growth
- **Revenue growth (1 yr): 8.3%** (3-yr 1.5%/yr). Revenue grew 8.3% over the last year.

## Financial health
- **Debt to equity: 0.62**. Debt is 0.62 times equity, moderate leverage.
- **Net debt / EBITDA: 0.7×**. It would take 0.7 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 5.7×**. Operating profit covers interest 5.7× over, a safe margin.
- **Current ratio: 1.53** (quick 1.31). Current assets cover the next year's liabilities 1.53 times.
- **Altman Z-score: 2.93**. A Z-score of 2.93 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Constellation Energy CDR (CAD Hedged) does not currently pay a dividend.

## Price and momentum
- **Total return (1 yr): -32.9%** (YTD -27.8%, 3-mo -0.6%). The shares are down 32.9% over twelve months including dividends.
- **From 52-week high: -32.3%** (10.5% above the low). Trading 32% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 47**. An RSI of 47 is neutral.
- **Beta (1 yr): 1.22** (volatility 49%). Beta of 1.22 against the S&P/TSX Composite: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=CEGS.TO · Page: https://foliofundamentals.com/stocks/cegs.to

Not investment advice.