Consolidated Edison, Inc.

AI-generated fair value estimate for this company.

Method: Dividend discount model: $3.55 current annual dividend per share; 4% annual dividend growth (in line with ~50-year average increase cadence); 7.3% cost of equity (utility-appropriate, low-beta); Gordon growth perpetuity value = D1/(r-g).

Reasoning: Consolidated Edison is a rate-regulated utility with persistently negative free cash flow due to heavy, recurring capex funded by debt/equity issuance, so a DDM anchored on its long, stable dividend-growth track record is far more meaningful than a cash-flow DCF for this business model.