FirstEnergy (FE) Financial Forecast Calculator
Interactive 5-year forecast and DCF for FirstEnergy. Adjust revenue growth, gross margin, capex intensity, WACC, and terminal growth - see revenue, free cash flow, and enterprise value update in real time. Seeded from FirstEnergy’s most recent SEC filings.
Assumptions
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Keep iterating on the FirstEnergy forecast in Excel. The downloadable sample has every assumption you see here plus a fully integrated income statement, balance sheet, cash flow, and debt schedule - five years of SEC historicals and live formulas in a fully editable workbook.
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Frequently asked
What kind of company is FirstEnergy and what are its main operations?+
FirstEnergy Corp. is a fully regulated electric utility headquartered in Akron, Ohio, operating one of the largest investor-owned electric systems in the US. It serves customers through its Distribution, Integrated, and Stand-Alone Transmission segments across multiple states.
How does FirstEnergy generate revenue and grow its earnings?+
FirstEnergy's business model is asset-heavy and fully regulated, relying on significant capital investments to expand its rate base. This growth in the rate base, approved by regulatory bodies, drives allowed returns and subsequent earnings growth for the company.
What is a key capital expenditure assumption in the FirstEnergy financial model?+
The financial model assumes Capital Expenditure as a percentage of revenue is approximately 24.11%. This reflects the company's significant investment cycle, including its 'Energize365' program aimed at grid modernization and growth.
What are the primary financial targets the FirstEnergy model evaluates?+
The model assesses whether FirstEnergy's $36 billion 'Energize365' capital program and targeted 10% rate base growth can achieve its 6-8% Core EPS growth target. It also evaluates if the company can maintain a 14% FFO-to-Debt credit metric without needing dilutive equity issuances.
For what period does the downloadable FirstEnergy financial model provide forecasts?+
The downloadable Excel financial model for FirstEnergy provides detailed forecasts spanning from fiscal year 2026 through fiscal year 2030. This allows users to analyze the company's projected performance over a five-year horizon.
What is FirstEnergy's strategy for funding its significant capital investment programs?+
FirstEnergy funds its capital expenditures, such as the 'Energize365' program, through various means, including the sale of minority stakes in subsidiaries. For example, it recently sold a 49.9% stake in its FirstEnergy Transmission subsidiary to Brookfield Super-Core Infrastructure Partners to support investments and debt reduction.
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