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Year on year ALLETE Inc grew revenues 19.68% from 1.57bn to 1.88bn while net income improved 30.53% from 189.30m to 247.10m.
| Gross margin | -- |
|---|---|
| Net profit margin | 7.68% |
| Operating margin | 10.53% |
| Return on assets | 1.80% |
|---|---|
| Return on equity | 6.42% |
| Return on investment | 2.10% |
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Cash flow in USDView more
In 2023, ALLETE Inc increased its cash reserves by 97.51%, or 39.20m. The company earned 585.30m from its operations for a Cash Flow Margin of 31.14%. In addition the company used 283.60m on investing activities and also paid 262.50m in financing cash flows.
| Cash flow per share | 6.81 |
|---|---|
| Price/Cash flow per share | 9.60 |
| Book value per share | 48.98 |
|---|---|
| Tangible book value per share | 46.30 |
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Balance sheet in USDView more
| Current ratio | 1.45 |
|---|---|
| Quick ratio | 0.9474 |
| Total debt/total equity | 0.6313 |
|---|---|
| Total debt/total capital | 0.3451 |
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Growth rates in USD
Year on year, both dividends per share and earnings per share excluding extraordinary items growth increased 4.23% and 27.35%, respectively. The positive trend in dividend payments is noteworthy since only some companies in the Electric Utilities industry pay a dividend. Additionally when measured on a five year annualized basis, both dividend per share and earnings per share growth ranked in-line with the industry average relative to its peers.
| Div yield(5 year avg) | 3.77% |
|---|---|
| Div growth rate (5 year) | 3.88% |
| Payout ratio (TTM) | 89.35% |
| EPS growth(5 years) | 4.95 |
|---|---|
| EPS (TTM) vs TTM 1 year ago | -27.53 |
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