Union Electric Company (UEPEO) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Union Electric Company $110, price $70.76, upside +55.1%, quality 45 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 3, 2026.
How to read this chart
60‑month range $53.77 – $87.09 · fair‑value band $88.14 – $155.68 · the $70.76 price screens below the $109.75 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 3, 2026.
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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.
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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.
Stock analysis
Union Electric Company (UEPEO) currently trades at $70.76, while our model-based Fair Value estimate is $109.75, implying the stock looks roughly 35.5% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $218.79 per share, and 11 of the 15 models we run sit above the $70.76 price.
Bear case: the Dividend Discount group reads lowest at $25.94, and 4 of the 15 models stay below the price. Evidence for this calculation is high.
Scenario range: $88.14 (bear) to $155.68 (bull), the price of $70.76 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 45/100 (below-average quality), in the Utilities sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Union Electric Company reported revenue of $8.8B in FY2025 versus $3.2B in FY2021, a compound +28.7%/yr. Reported net income was $1.5B in FY2025, compounding +29.4%/yr from FY2021.
Key figures
Market cap $7.5B · P/E ratio 13.9 · P/S ratio 2.30 · EPS (TTM) $5.10 · Dividend yield 2.6% · Net margin 16.6% · Return on equity 9.1% · Return on assets (EBIT) 4.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 44 out of 100 (medium confidence).
What moves the price
The share trades about 6% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Utilities peers we cover trades at −31% fair-value upside, at 55%, UEPEO screens cheaper than that median.
Fair Value models
Bear $88.14Fair Value $109.75Bull $155.68
Price $70.76 · Upside +55.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then ($3.87 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.49/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+130.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+31.3%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+24.3%
Start year 2020 (pandemic). Over 10 years: +9.8% a year
Revenue growth 40 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.4%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+7.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+4.5%
Dividend (yield on the price)2.6%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.4.5% vs 4.3%, steady
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.20% → 23%
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Utilities - Regulated Electric · 155 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score45 · Below median
Fair Value upside+55.1% · Top 25%
Profitability
Return on equity (TTM)9.1% · Below median
Return on assets2.6% · Below median
Net margin (TTM)18.2% · Top 25%
Operating margin (TTM)19.6% · Above median
Growth and dividend
Revenue growth−17.0% · Bottom 25%
Dividend yield (TTM)2.6% · Below median
Balance sheet
Debt / equity0.96× · Below median
Valuation Multiplesvs Utilities - Regulated Electric median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Union Electric Company Fair Value". https://www.fairvalue-calculator.com/stock/UEPEO
Frequently asked questions
Is Union Electric Company (UEPEO) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of $109.75 versus a price of $70.76, about +55% upside (undervalued).
What is the fair value of UEPEO?
Our model-based fair value for Union Electric Company is $109.75 (as of Oct 3, 2026), built from audited fundamentals. The current price: $70.76.
What is the quality score of UEPEO?
Union Electric Company has a Quality Score of 45/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Union Electric Company (UEPEO)?
Our model-based price target is the fair value of $109.75 (as of Oct 3, 2026) from 15 valuation models. Cautious scenario $88.14, optimistic scenario $155.68. It is a calculation from audited fundamentals, not an analyst target.
What is the Union Electric Company stock forecast for 2026?
Our models put fair value at $109.75, about +55% upside versus a price of $70.76 (undervalued). Cautious scenario $88.14, optimistic scenario $155.68. The calculation is refreshed regularly with new filings.
What is the revenue of Union Electric Company (UEPEO)?
Union Electric Company reported trailing-twelve-month revenue of about $4.4B (latest available figure, as of Oct 3, 2026).
Does Union Electric Company pay a dividend?
Union Electric Company currently shows a dividend yield of about 2.64% relative to its recent price (as of Oct 3, 2026).
What is the intrinsic value of Union Electric Company (UEPEO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Union Electric Company it is $109.75 per share (as of Oct 3, 2026), against a price of $70.76. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is Union Electric Company stock overvalued or undervalued in 2026?
As of Oct 3, 2026, UEPEO trades below its calculated fair value: price $70.76, fair value $109.75, a gap of about +55% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of UEPEO?
No. The price is what the market pays today ($70.76); the fair value is what the company's own numbers justify ($109.75). For Union Electric Company the two are $38.99 per share apart. That gap is exactly why we show both numbers side by side.
How much is Union Electric Company worth?
The market values Union Electric Company at about $7.5B (market capitalisation, as of Oct 3, 2026). Per share that is $70.76; our models calculate a fair value of $109.75 per share.
What do the bullish and bearish scenarios say about UEPEO?
Our models span a range for Union Electric Company: cautious scenario $88.14, base $109.75, optimistic $155.68 per share (as of Oct 3, 2026, price $70.76). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of UEPEO?
Union Electric Company trades at a price-to-earnings ratio of 13.9 (as of Oct 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $109.75 is built from several models across several years. Other multiples: P/B 0.9, P/S 1.7, EV/EBITDA 8.0.
How solid is the balance sheet of Union Electric Company (UEPEO)?
Balance-sheet figures for Union Electric Company (as of Oct 3, 2026): return on equity 9.1%, debt of 0.96 per unit of equity. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is UEPEO from its 52-week high?
Union Electric Company trades at $70.76, about 6% below its 52-week high of $75.66 and 1% above the low of $70.23 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of $109.75 is for.
Which stocks are comparable to Union Electric Company?
From the same area (Utilities) we also value NextEra Energy, Inc, The Southern Company, Duke Energy Corporation, American Electric Power Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Union Electric Company stock attractive at the current price?
The data as of Oct 3, 2026: price $70.76, calculated fair value $109.75 (+55%), Quality Score 45/100, from 15 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of UEPEO calculated?
We run Union Electric Company through 15 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $109.75, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.9 % above its aggregate fair value. Union Electric Company currently trades 36 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Union Electric Company (UEPEO)?
The closing price on Oct 2, 2026 was $70.76. Our model-based fair value is $109.75, about +55% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Union Electric Company right now?
The price is below even our cautious bear case ($88.14). The market is more pessimistic than our downside scenario. Solid quality (45/100) at a price below fair value, the discount is the argument here, not the business quality.
Where does the earnings growth of Union Electric Company (UEPEO) come from?
Earnings per share at Union Electric Company grew +4.5 % a year from 2014 to 2025. Broken into its drivers: revenue per share +0.3 %, EBIT margin −1.3 %, tax rate +5.1 %, residual (interest, one-offs) +0.5 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Union Electric Company
How large is the market capitalisation of Union Electric Company (UEPEO)?
The market capitalisation of Union Electric Company is $7.5B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Union Electric Company (UEPEO)?
The price-to-sales ratio of Union Electric Company is 2.30 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Union Electric Company (UEPEO)?
Earnings per share at Union Electric Company are $5.10 (price ÷ EPS = P/E 13.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Union Electric Company (UEPEO)?
The dividend yield of Union Electric Company is 2.6% (payout 36.6%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Union Electric Company (UEPEO)?
The net margin of Union Electric Company is 16.6% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Union Electric Company (UEPEO)?
The return on equity (ROE) of Union Electric Company is 9.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Union Electric Company (UEPEO)?
On an EBIT basis the return on assets of Union Electric Company is 4.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Union Electric Company (UEPEO)?
The operating margin of Union Electric Company is 19.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Union Electric Company (UEPEO)?
Revenue at Union Electric Company is growing −17.0% versus a year earlier (3y avg +31.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Union Electric Company (UEPEO)?
Earnings per share at Union Electric Company are growing +4.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Union Electric Company (UEPEO) generate?
The free cash flow of Union Electric Company is −$745M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Union Electric Company (UEPEO) carry?
The net debt of Union Electric Company is $8.7B (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Oct 3, 2026