Allete Financial Statements From 2010 to 2022

ALE
 Stock
  

USD 63.31  1.13  1.82%   

Allete financial statements provide useful quarterly and yearly information to potential Allete Inc investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Allete financial statements helps investors assess Allete's valuation, profitability, and current liquidity needs.
There are over one hundred eleven available fundamental signals for Allete Inc, which can be analyzed over time and compared to other ratios. Please make sure to validate all of Allete's prevailing performance against the performance from 2010 to 2022 to make sure the company is sustainable down the road.
Allete Earnings before Tax are projected to increase significantly based on the last few years of reporting. The past year's Earnings before Tax were at 142.3 Million. The current year Market Capitalization is expected to grow to about 3.5 B, whereas Revenue Per Employee is forecasted to decline to about 867.6 K.
  
Check Allete financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Allete main balance sheet or income statement drivers, such as Direct Expenses of 860.8 M, Consolidated Income of 154.1 M or Cost of Revenue of 1.1 B, as well as many exotic indicators such as Interest Coverage of 3.08, Long Term Debt to Equity of 0.82 or PPandE Turnover of 0.38. Allete financial statements analysis is a perfect complement when working with Allete Valuation or Volatility modules. It can also supplement Allete's financial leverage analysis and stock options assessment as well as various Allete Technical models . Please continue to the analysis of Allete Correlation against competitors.

Allete Revenues

1.46 Billion

Allete Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets6.1 B6.4 B4.7 B
Increasing
Slightly volatile
Cash and Equivalents57.3 M45.1 M79.6 M
Decreasing
Slightly volatile
Investments299.9 M318 M234.6 M
Increasing
Stable
Investments Non Current299.9 M318 M234.6 M
Increasing
Stable
Property Plant and Equipment Net4.8 B5.1 B3.6 B
Increasing
Slightly volatile
Inventory100.2 M97.7 M84.4 M
Increasing
Slightly volatile
Tax Assets9.1 M6.8 M11.1 M
Decreasing
Slightly volatile
Trade and Non Trade Receivables129.5 M123.7 M110.2 M
Increasing
Slightly volatile
Trade and Non Trade Payables123.2 M111 M109.7 M
Increasing
Slightly volatile
Goodwill and Intangible Assets944.2 K920 K69.6 M
Increasing
Very volatile
Total Liabilities3.5 B3.5 B2.8 B
Increasing
Slightly volatile
Shareholders Equity2.3 B2.4 B1.8 B
Increasing
Slightly volatile
Accumulated Retained Earnings Deficit849.4 M900.2 M647.6 M
Increasing
Slightly volatile
Current Assets285.7 M291.3 M309.4 M
Decreasing
Very volatile
Assets Non Current5.8 B6.1 B4.4 B
Increasing
Slightly volatile
Current Liabilities498.3 M543.4 M361.2 M
Increasing
Slightly volatile
Liabilities Non CurrentB2.9 B2.4 B
Increasing
Slightly volatile
Tax Liabilities303 M250.8 M397.7 M
Decreasing
Slightly volatile
Total Debt1.9 BB1.4 B
Increasing
Slightly volatile
Debt Current175.9 M214.2 M106.3 M
Increasing
Slightly volatile
Debt Non Current1.7 B1.8 B1.3 B
Increasing
Slightly volatile
Shareholders Equity USD2.3 B2.4 B1.8 B
Increasing
Slightly volatile
Cash and Equivalents USD57.3 M45.1 M79.6 M
Decreasing
Slightly volatile
Total Debt USD1.9 BB1.4 B
Increasing
Slightly volatile
Accounts Payable104.3 M111 M108.5 M
Increasing
Slightly volatile
Receivables110.9 M123.7 M108.9 M
Increasing
Slightly volatile
Inventories86.1 M97.7 M82.6 M
Increasing
Slightly volatile

Allete Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Revenues1.5 B1.4 B1.2 B
Increasing
Slightly volatile
Cost of Revenue1.1 BB885.6 M
Increasing
Slightly volatile
Operating Expenses220.2 M231.7 M167.5 M
Increasing
Slightly volatile
Interest Expense71.4 M69.1 M60 M
Increasing
Slightly volatile
Income Tax Expense(27.6 M)(26.9 M)9.1 M
Decreasing
Slightly volatile
Consolidated Income154.1 M137.8 M138.2 M
Increasing
Slightly volatile
Net Income to Non Controlling Interests(32.2 M)(31.4 M)(5.7 M)
Decreasing
Slightly volatile
Net Income172.8 M169.2 M143 M
Increasing
Slightly volatile
Net Income Common Stock172.8 M169.2 M143 M
Increasing
Slightly volatile
Weighted Average Shares54.5 M52.4 M46.2 M
Increasing
Slightly volatile
Weighted Average Shares Diluted54.6 M52.5 M46.3 M
Increasing
Slightly volatile
Earning Before Interest and Taxes EBIT235.8 M211.4 M213.5 M
Increasing
Slightly volatile
Revenues USD1.5 B1.4 B1.2 B
Increasing
Slightly volatile
Net Income Common Stock USD172.8 M169.2 M143 M
Increasing
Slightly volatile
Earning Before Interest and Taxes USD235.8 M211.4 M213.5 M
Increasing
Slightly volatile
Gross Profit404.3 M383 M345.9 M
Increasing
Slightly volatile
Operating Income184.1 M151.3 M178.4 M
Increasing
Stable
Direct Expenses860.8 M965.7 M839 M
Increasing
Slightly volatile

Allete Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Net Cash Flow Business Acquisitions and Disposals333.3 M308.9 M77.9 M
Increasing
Slightly volatile
Net Cash Flow Investment Acquisitions and Disposals(16 M)(14.8 M)(14.6 M)
Decreasing
Slightly volatile
Net Cash Flow from Financing181.7 M204.2 M126.7 M
Increasing
Stable
Issuance Repayment of Debt Securities 152.2 M180.1 M101.6 M
Increasing
Very volatile
Issuance Purchase of Equity Shares67.5 M69.9 M70 M
Decreasing
Stable
Net Cash Flow from Operations312.9 M263.5 M297.3 M
Increasing
Slightly volatile
Net Cash Flow or Change in Cash and Cash Equivalents(18 M)(17.5 M)2.1 M
Decreasing
Slightly volatile
Share Based Compensation6.5 M5.9 M8.1 M
Decreasing
Slightly volatile
Depreciation Amortization and Accretion217.8 M231.6 M163.9 M
Increasing
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Earnings per Basic Share3.483.233.0749
Increasing
Slightly volatile
Earnings per Diluted Share3.483.233.0676
Increasing
Slightly volatile
Earnings per Basic Share USD3.483.233.0749
Increasing
Slightly volatile
Dividends per Basic Common Share2.552.522.1255
Increasing
Slightly volatile
Return on Average Equity0.07240.0720.0819
Decreasing
Slightly volatile
Return on Average Assets0.02760.0270.0317
Decreasing
Slightly volatile
Return on Invested Capital0.03190.0280.041
Decreasing
Slightly volatile
Gross Margin0.310.270.2822
Increasing
Slightly volatile
Profit Margin0.130.1190.1164
Increasing
Slightly volatile
EBITDA Margin0.340.3120.3089
Increasing
Slightly volatile
Return on Sales0.150.1490.1745
Decreasing
Slightly volatile
Asset Turnover0.230.2240.2797
Decreasing
Slightly volatile
Payout Ratio0.810.780.6973
Increasing
Slightly volatile
Enterprise Value over EBITDA12.8312.31610.9273
Increasing
Slightly volatile
Enterprise Value over EBIT27.029.919.8385
Increasing
Slightly volatile
Price to Earnings Ratio22.0420.54219.3121
Increasing
Slightly volatile
Sales per Share25.4627.08426.5012
Decreasing
Stable
Price to Sales Ratio2.612.452.2533
Increasing
Slightly volatile
Price to Book Value1.671.4461.5634
Increasing
Slightly volatile
Debt to Equity Ratio1.411.4461.5502
Decreasing
Slightly volatile
Dividend Yield0.03530.0380.0366
Decreasing
Slightly volatile
Current Ratio0.690.5360.9976
Decreasing
Slightly volatile
Free Cash Flow per Share(4.11)(4.004)(2.1776)
Decreasing
Stable
Book Value per Share46.6646.05238.7256
Increasing
Slightly volatile
Tangible Assets Book Value per Share12212399.2349
Increasing
Slightly volatile
Total Assets Per Share10412196.7418
Increasing
Slightly volatile
Cash Flow Per Share6.274.95116.3307
Decreasing
Stable
Return on Investment5.453.56766.1148
Decreasing
Slightly volatile
Operating Margin14.1310.660914.663
Decreasing
Slightly volatile
Calculated Tax Rate(30.37)(29.593)6.4284
Decreasing
Slightly volatile
Receivables Turnover12.9312.047511.5004
Increasing
Very volatile
Inventory Turnover12.0111.235610.6482
Decreasing
Very volatile
PPandE Turnover0.380.28550.3869
Decreasing
Slightly volatile
Cash and Equivalents Turnover34.2631.749419.0924
Increasing
Slightly volatile
Accounts Payable Turnover13.5612.843411.8855
Decreasing
Stable
Accrued Expenses Turnover21.517.265221.4422
Decreasing
Slightly volatile
Interest Coverage3.082.27523.239
Decreasing
Slightly volatile
Long Term Debt to Equity0.820.73070.7522
Decreasing
Slightly volatile
Quick Ratio0.30.29660.5675
Decreasing
Slightly volatile
Net Current Assets as percentage of Total Assets(4.02)(3.9176)(0.605)
Decreasing
Slightly volatile
Revenue to Assets0.280.22050.2756
Decreasing
Slightly volatile

Allete Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Earnings before Tax164.5 M142.3 M153.6 M
Increasing
Slightly volatile
Earnings Before Interest Taxes and Depreciation Amortization EBITDA453.7 M443 M377.4 M
Increasing
Slightly volatile
Earnings Before Interest Taxes and Depreciation Amortization USD453.7 M443 M377.4 M
Increasing
Slightly volatile
Market Capitalization3.5 B3.5 B2.8 B
Increasing
Slightly volatile
Enterprise Value5.3 B5.5 B4.2 B
Increasing
Slightly volatile
Invested Capital7.4 B7.8 B5.6 B
Increasing
Slightly volatile
Average Equity2.3 B2.3 B1.8 B
Increasing
Slightly volatile
Average AssetsB6.3 B4.5 B
Increasing
Slightly volatile
Invested Capital Average7.2 B7.7 B5.4 B
Increasing
Slightly volatile
Tangible Asset Value6.1 B6.4 B4.6 B
Increasing
Slightly volatile
Free Cash Flow(215.3 M)(209.8 M)(102.3 M)
Decreasing
Slightly volatile
Working Capital(258.7 M)(252.1 M)(55.3 M)
Decreasing
Slightly volatile
Revenue Per Employee867.6 KM769 K
Increasing
Slightly volatile
Net Income Per Employee102.3 K124 K89.1 K
Increasing
Slightly volatile

Allete Fundamental Market Drivers

Forward Price Earnings15.92
Short Percent Of Float3.84%
Average Daily Volume Last 10 Day287.71k
Shares Short Prior Month1.74M
Average Daily Volume In Three Month312.18k
Date Short Interest15th of July 2022
Fifty Day Average59.74
Two Hundred Day Average62.43

Allete Upcoming Events

Upcoming Quarterly Report16th of February 2022
Next Financial Report5th of May 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End16th of February 2022
Last Quarter Report30th of September 2021
Last Financial Announcement31st of December 2020

About Allete Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Allete income statement, its balance sheet, and the statement of cash flows. Allete investors use historical funamental indicators, such as Allete's revenue or net income, to determine how well the company is positioned to perform in the future. Although Allete investors may use each financial statement separately, they are all related. The changes in Allete's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Allete's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Allete Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Allete. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Cost of RevenueB1.1 B
Revenues1.4 B1.5 B
Revenue to Assets 0.22  0.28 
Revenue Per EmployeeM867.6 K
The company operates through Regulated Operations, ALLETE Clean Energy, and Corporate and Other segments. ALLETE, Inc. was incorporated in 1906 and is headquartered in Duluth, Minnesota. Allete operates under UtilitiesDiversified classification in the United States and is traded on New York Stock Exchange. It employs 1346 people.

Allete Investors Sentiment

The influence of Allete's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Allete. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Allete's public news can be used to forecast risks associated with investment in Allete. The trend in average sentiment can be used to explain how an investor holding Allete can time the market purely based on public headlines and social activities around Allete Inc. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Allete's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Allete's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Allete's news discussions. The higher the estimate score, the more favorable is the investor's outlook on Allete.

Allete Implied Volatility

    
  4.22  
Allete's implied volatility exposes the market's sentiment of Allete Inc stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Allete's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Allete stock will not fluctuate a lot when Allete's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Allete in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Allete's short interest history, or implied volatility extrapolated from Allete options trading.

Pair Trading with Allete

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Allete position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Allete will appreciate offsetting losses from the drop in the long position's value.

Moving together with Allete

0.77ATOAtmos Energy Corp Fiscal Year End 9th of November 2022 PairCorr
0.91NJRNewjersey Resources Corp Fiscal Year End 17th of November 2022 PairCorr
The ability to find closely correlated positions to Allete could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Allete when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Allete - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Allete Inc to buy it.
The correlation of Allete is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Allete moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Allete Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Allete can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Please continue to the analysis of Allete Correlation against competitors. Note that the Allete Inc information on this page should be used as a complementary analysis to other Allete's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Equity Valuation module to check real value of public entities based on technical and fundamental data.

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When running Allete Inc price analysis, check to measure Allete's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Allete is operating at the current time. Most of Allete's value examination focuses on studying past and present price action to predict the probability of Allete's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Allete's price. Additionally, you may evaluate how the addition of Allete to your portfolios can decrease your overall portfolio volatility.
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Is Allete's industry 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 YOY
0.26
Market Capitalization
3.6 B
Quarterly Revenue Growth YOY
0.11
Return On Assets
0.0149
Return On Equity
0.0452
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 Allete value 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.