Union Electric (UELMO) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Union Electric

OTC Markets OTCPK•Utilities•Utilities - Regulated Electric

$60.25-0.25(<0.01%)Pre-market

Market Cap

$16.68B

P/E

10.6x

P/S

1.9x

P/B

1.2x

Union Electric Company, doing business as Ameren Missouri, engages in the electric generation, transmission, and distribution business in Missouri. It generates electricity through coal, nuclear, natural gas, hydroelectric, methane gas, and solar energy sources. The company is also involved in the rate-regulated natural gas distribution business. It supplies electric and natural gas services to customers in central and eastern Missouri. The company was founded in 1902 and is based in Saint Louis, Missouri. Union Electric Company operates as a subsidiary of Ameren Corporation.

How this company scores

AverageMetricSide Score: 49/100

Strongest: Profitability (20/25); weakest: Cash & Earnings Quality (3/25).

Profitability20/25

Growth17/25

Balance Sheet & Red Flags9/25

Cash & Earnings Quality3/25

Strengths

Strong marginsRising earningsProfit converts from growthConsistent growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 10.6x5y range 10.6x – 24.3x

Currently below its 20-quarter median.

P/S · 1.9x5y range 1.8x – 4.9x

Currently near its 20-quarter median.

P/B · 1.2x5y range 1.2x – 2.5x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Earnings Quality

Red Flag

Free cash flow has been negative in 7 of the last 8 quarters — earnings are not translating to cash.

Cash Burn

Red Flag

The last 4 consecutive quarters had negative FCF — the company is burning cash and may need external funding.

Price & Volume

Market Cap $16.68B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $8.75B
Q. Revenue: $2.09B
TTM EBITDA: $2.18B
TTM Op. Income: $2.18B
Q. Op. Income: $459.00M
TTM Net Income: $1.57B
Q. Net Income: $316.00M
EPS: $1.14
Shares Out.: $276.80M

$8.75B in TTM revenue grew 3.8% YoY, reaching $2.09B last quarter. TTM EBITDA of $2.18B and TTM operating income of $2.18B show growth is flowing through to the bottom line. TTM net income of $1.57B means revenue is converting into profit. Over the past year, TTM revenue is up 4% — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 21.9%
Op. Margin: 21.9%
Net Margin: 15.1%

Op. margin of 21.9% is up 3.4% YoY — cost efficiency is improving. Net margin at 15.1% Over the past year, operating margin is up 19% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 10.6x
P/S Ratio: 1.9x
P/B Ratio: 1.2x

At 10.6x P/E, the stock trades below typical market levels. P/S of 1.9x and P/B of 1.2x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has fallen for 7 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $51.22B
Cash: $12.00M
Long-Term Debt: $19.06B
Book Value: $13.69B
D/E Ratio: 1.4
Debt/EBITDA: 41.5

With $51.22B in assets and $19.06B in long-term debt, D/E is 1.4and book value is $13.69B — moderate leverage. Over the past year, debt/equity is down 9% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $770.00M
TTM Free Cash Flow: $-1.40B
FCF Margin: -16.0%
FCF / Net Income: -0.9

TTM FCF of $-1.40B on $770.00M in operating cash flow. The FCF / Net Income ratio of -0.9x means the business consumes cash — it is not yet self-funding. Across the last 8 quarters, free cash flow has fallen for 2 consecutive quarters — a weakening trend.