Allete Net Worth
Allete Net Worth Breakdown | ALE |
Allete Net Worth Analysis
Allete's net worth analysis, or its valuation, is the process of determining the total value of the company. This involves assessing a range of factors, including Allete's financial performance, assets, liabilities, and potential for growth. The ultimate goal is to provide a clear understanding of Allete's overall worth, which can help investors make informed investment decisions. There are several methods that can be used to perform Allete's net worth analysis. One common approach is to calculate Allete's market capitalization.Another approach is to use the price-to-earnings ratio (P/E ratio), which compares Allete's stock price to its earnings per share (EPS). Discounted cash flow (DCF) analysis is another popular method for assessing Allete's net worth. This approach calculates the present value of Allete's future cash flows, taking into account factors such as growth rate, profitability, and risk. By comparing the present value of Allete's cash flows to its current stock price, investors can gain a better understanding of the company's overall value. Finally, investors may use comparable company analysis to evaluate Allete's net worth. This involves comparing Allete's financial metrics to similar companies in the same industry. By identifying companies with similar financial characteristics, investors can gain insight into Allete's net worth relative to its peers.
Enterprise Value |
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To determine if Allete is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Allete's net worth research are outlined below:
| Allete Inc has 1.79 B in debt with debt to equity (D/E) ratio of 0.6, which is OK given its current industry classification. Allete Inc has a current ratio of 0.91, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Note however, debt could still be an excellent tool for Allete to invest in growth at high rates of return. | |
| Allete Inc has a strong financial position based on the latest SEC filings | |
| Over 75.0% of Allete shares are held by institutions such as insurance companies | |
| Latest headline from kalkinemedia.com: Quest Partners LLC Expands Stake in ALLETE, Inc. |
Allete uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Allete Inc. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Allete's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 15th of February 2024 Upcoming Quarterly Report | View | |
| 1st of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 15th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Know Allete's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Allete is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Allete Inc backward and forwards among themselves. Allete's institutional investor refers to the entity that pools money to purchase Allete's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Charles Schwab Investment Management Inc | 2024-09-30 | 766.3 K | Northern Trust Corp | 2024-09-30 | 665 K | Nuveen Asset Management, Llc | 2024-06-30 | 647.2 K | Amvescap Plc. | 2024-06-30 | 627 K | Aristotle Capital Boston, Llc | 2024-06-30 | 602.2 K | Cnh Partners, Llc | 2024-06-30 | 594.5 K | Old Republic International Corp | 2024-09-30 | 541.1 K | Gabelli Funds Llc | 2024-09-30 | 488.9 K | Eckert Corp | 2024-09-30 | 398 K | Blackrock Inc | 2024-06-30 | 7.5 M | Vanguard Group Inc | 2024-09-30 | 6.3 M |
Follow Allete's market capitalization trends
The company currently falls under 'Mid-Cap' category with a total capitalization of 3.75 B.Market Cap |
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Project Allete's profitablity
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.04 | 0.04 | |
| Return On Capital Employed | 0.03 | 0.03 | |
| Return On Assets | 0.04 | 0.04 | |
| Return On Equity | 0.09 | 0.10 |
When accessing Allete's net worth, it's important to look at multiple sources and consider different scenarios. For example, gross profit margin measures Allete's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Allete's profitability and make more informed investment decisions.
Please note, the presentation of Allete's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Allete's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Allete's management manipulating its earnings.
Evaluate Allete's management efficiency
Allete Inc has Return on Asset of 0.0169 % which means that on every $100 spent on assets, it made $0.0169 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.0355 %, implying that it generated $0.0355 on every 100 dollars invested. Allete's management efficiency ratios could be used to measure how well Allete manages its routine affairs as well as how well it operates its assets and liabilities. At present, Allete's Return On Assets are projected to increase slightly based on the last few years of reporting. The current year's Return On Equity is expected to grow to 0.10, whereas Return On Capital Employed is forecasted to decline to 0.03. At present, Allete's Return On Tangible Assets are projected to increase slightly based on the last few years of reporting. The current year's Intangibles To Total Assets is expected to grow to 0.05, whereas Non Current Assets Total are forecasted to decline to about 3.4 B.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 59.46 | 30.38 | |
| Tangible Book Value Per Share | 56.75 | 59.59 | |
| Enterprise Value Over EBITDA | 9.68 | 6.96 | |
| Price Book Value Ratio | 1.25 | 0.94 | |
| Enterprise Value Multiple | 9.68 | 6.96 | |
| Price Fair Value | 1.25 | 0.94 | |
| Enterprise Value | 1.3 B | 894.5 M |
The decision-making processes within Allete are key to its success in a competitive market. By evaluating these processes, we assess the stock's potential for future gains.
Enterprise Value Revenue 3.4745 | Revenue 1.6 B | Quarterly Revenue Growth 0.075 | Revenue Per Share 27.217 | Return On Equity 0.0355 |
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Allete insiders, such as employees or executives, is commonly permitted as long as it does not rely on Allete's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Allete insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Matthews Charles R over a month ago Acquisition by Matthews Charles R of 1481 shares of Allete subject to Rule 16b-3 | ||
Jeffrey Scissons over two months ago Insider Trading | ||
Charlene Thomas over two months ago Acquisition by Charlene Thomas of 1585 shares of Allete subject to Rule 16b-3 | ||
Barbara Nick over three months ago Acquisition by Barbara Nick of 1585 shares of Allete subject to Rule 16b-3 | ||
Charlene Thomas over three months ago Acquisition by Charlene Thomas of 1742 shares of Allete subject to Rule 16b-3 | ||
Padilla Julie L over three months ago Disposition of tradable shares by Padilla Julie L of Allete subject to Rule 16b-3 | ||
Susan Nestegard over six months ago Acquisition by Susan Nestegard of 1585 shares of Allete subject to Rule 16b-3 | ||
Welty Claudia Scott over a year ago Allete exotic insider transaction detected | ||
Skelton Joshua John over a year ago Payment of 156 shares by Skelton Joshua John of Allete subject to Rule 16b-3 |
Allete Corporate Filings
10Q | 30th of October 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
| 25th of September 2024 Other Reports | ViewVerify | |
F3 | 23rd of September 2024 The report used by insiders such as officers, directors, and major shareholders (beneficial owners holding more than 10% of any class of the company's equity securities) to declare their ownership of a company's stock | ViewVerify |
8K | 21st of August 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
Allete Earnings per Share Projection vs Actual
Allete Corporate Directors
| Barbara Nick | Independent Director | Profile | |
| Robert Powers | Independent Director | Profile | |
| Douglas Neve | Independent Director | Profile | |
| Charlene Thomas | Independent Director | Profile |
Already Invested in Allete Inc?
The danger of trading Allete Inc is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Allete is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Allete. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Allete Inc is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Allete Inc is a strong investment it is important to analyze Allete's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Allete's future performance. For an informed investment choice regarding Allete Stock, refer to the following important reports: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Allete Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Is Electric Utilities space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Allete. If investors know Allete will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Allete listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.48) | Dividend Share 2.793 | Earnings Share 3.12 | Revenue Per Share 27.217 | Quarterly Revenue Growth 0.075 |
The market value of Allete Inc is measured differently than its book value, which is the value of Allete that is recorded on the company's balance sheet. Investors also form their own opinion of Allete's value that differs from its market value or its book value, called intrinsic value, which is Allete's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Allete's market value can be influenced by many factors that don't directly affect Allete's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Allete's value and its price as these two are different measures arrived at by different means. Investors typically determine if Allete is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allete's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.