Ameren (AEE)

Utilities · Utilities - Regulated Electric · S&P 500
$101.56 -0.12% on the day Market cap $27.4B 52-week range $96.57 to $118.32 Prices as of Oct 7, 2026

What the price implies

A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.

Ameren's free cash flow was negative in fiscal 2025, so a cash-flow reverse DCF doesn't give a meaningful answer. The Modeling tab works from revenue and margins instead.

Fundamental grade

D

Five factors scored 1 to 9 from AEE's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.

Valuation6
Profitability6
Growth4
Financial health1
Cash efficiency0

Key numbers

P/E (trailing)17.8x
P/E (forward)19.0x
Price / free cash flow—
EV / EBITDA11.7x
Price / sales3.13x
Price / book2.07x
Revenue growth-5.8%
Operating margin24.9%
Net margin17.9%
Return on equity11.4%
Dividend yield2.8%
Debt / equity2.73x

Results from SEC filings

Fiscal years, from Ameren's 10-K filings. The deep dive has 15+ years, quarters and every line.

Fiscal year20212022202320242025
Revenue$6.4B$8.0B$7.5B$7.6B$8.8B
Net income$990M$1.1B$1.2B$1.2B$1.5B
Free cash flow-$1.8B-$1.1B-$1.0B-$1.6B-$775M
EPS (diluted)$3.84$4.14$4.38$4.42$5.35
Operating margin20.8%19.0%20.8%19.9%23.0%

Where the revenue comes from

Revenue by segments, fiscal 2025.

Ameren Missouri$4.8B54%
Ameren Illinois Electric Distribution$2.4B27%
Ameren Illinois Gas$968M11%
Ameren Transmission$675M8%

Superinvestors who own AEE

From each investor's latest 13F filing (what a 13F shows). 2 of the investors we track hold it.

InvestorLast quarterValue% of portfolioQuarter
Cliff Asness
AQR Capital Management
Trimmed $107M0.04%Q2 2026
Joel Greenblatt
Gotham Asset Management
Added $32M0.07%Q2 2026

Insider buying

Open-market purchases by Ameren's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.

DateInsiderSharesPriceValue
Jan 29, 2026 Ro Khanna
0$103.67—
Jan 29, 2026 Ro Khanna
0$103.67—

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In the full deep dive

DCF fair value per share
Yearly return (IRR) at today's price
Growth implied by revenue and margins
15+ years of statements and quarters

Questions

Are Ameren insiders buying the stock?

2 open-market insider purchases of AEE in the last 12 months, from SEC Form 4 filings.

Which superinvestors own Ameren?

2 of the superinvestors Investingly tracks hold AEE in their latest 13F, including Cliff Asness, Joel Greenblatt.

Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.