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ALLETE Valuation Multiples

Discover revenue and EBITDA valuation multiples for ALLETE and similar public comparables like Chrysos Corp., APA Group, and AGL Energy.

ALLETE Overview

About ALLETE

ALLETE Inc provides competitively-priced energy in America's Upper Midwest region and invests in transmission infrastructure and other energy-centric businesses. The company has two reportable segments. The first segment is Regulated Operations, which includes the company's regulated utilities, Minnesota Power and SWL&P, as well as its investment in ATC. ATC is a regulated utility based in Wisconsin that owns and maintains electric transmission assets in parts of Wisconsin, Michigan, Minnesota, and Illinois. The second segment is ALLETE Clean Energy, which focuses on developing, acquiring, and operating clean and renewable energy projects.


Founded

1906

HQ

United States of America
Employees

1.6K+

Website

allete.com

Financials

LTM Revenue $1.5B

LTM EBITDA $444M

EV

$5.5B

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ALLETE Financials

ALLETE has a last 12-month revenue of $1.5B and a last 12-month EBITDA of $444M.

In the most recent fiscal year, ALLETE achieved revenue of $1.5B and an EBITDA of $486M.

ALLETE expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

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ALLETE P&L

FY 2023 FY 2024 FY 2025 LTM NTM
Revenue $1.9B $1.5B XXX XXX XXX
Gross Profit $447M $490M XXX XXX XXX
Gross Margin 24% 32% XXX XXX XXX
EBITDA $546M $486M XXX XXX XXX
EBITDA Margin 29% 32% XXX XXX XXX
Net Profit $189M $247M XXX XXX XXX
Net Margin 10% 16% XXX XXX XXX
Net Debt $1.9B $1.7B XXX XXX XXX

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ALLETE Stock Performance

As of April 15, 2025, ALLETE's stock price is $65.

ALLETE has current market cap of $3.8B, and EV of $5.5B.

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ALLETE Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$5.5B $3.8B XXX XXX XXX XXX $3.62

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ALLETE Valuation Multiples

As of April 15, 2025, ALLETE has market cap of $3.8B and EV of $5.5B.

ALLETE's trades at 3.6x LTM EV/Revenue multiple, and 12.5x LTM EBITDA.

Analysts estimate ALLETE's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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ALLETE Financial Valuation Multiples

FY 2024 FY 2025E FY 2026E FY 2027E
EV $5.5B XXX XXX XXX
EV/Revenue 3.6x XXX XXX XXX
EV/EBITDA 11.4x XXX XXX XXX
P/E 21.0x XXX XXX XXX
P/E/Growth 1.0x XXX XXX XXX
EV/FCF 54.2x XXX XXX XXX

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ALLETE Valuation Multiples

ALLETE's NTM/LTM revenue growth is 3%

ALLETE's revenue per employee for the last fiscal year averaged $0.9M, while opex per employee averaged $0.2M for the same period.

Over next 12 months, ALLETE's ratio of sales and marketing spend to revenue is estimated to be  XXX , while its R&D spend to revenue to be  XXX .

Analysts estimate ALLETE's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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ALLETE Operational Valuation Multiples

FY 2024 NTM FY 2025E FY 2026E FY 2027E
Revenue Growth -19% XXX XXX XXX XXX
EBITDA Margin 32% XXX XXX XXX XXX
EBITDA Growth -11% XXX XXX XXX XXX
Rule of 40 (SaaS-only) 34% XXX XXX XXX XXX
Revenue per Employee $0.9M XXX XXX XXX XXX
Opex per Employee $0.2M XXX XXX XXX XXX
S&M Expenses to Revenue n/a XXX XXX XXX XXX
G&A Expenses to Revenue n/a XXX XXX XXX XXX
R&D Expenses to Revenue n/a XXX XXX XXX XXX
Opex to Revenue 22% XXX XXX XXX XXX

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ALLETE Public Comps

See public comps and valuation multiples for Utilities and Energy Exploration & Generation comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
TAQA XXX XXX XXX XXX XXX XXX
New Sources Energy XXX XXX XXX XXX XXX XXX
AGL Energy XXX XXX XXX XXX XXX XXX
APA Group XXX XXX XXX XXX XXX XXX
Chrysos Corp. XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX

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ALLETE M&A and Investment Activity

ALLETE acquired  XXX companies to date.

Last acquisition by ALLETE was  XXXXXXXX, XXXXX XXXXX XXXXXX . ALLETE acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

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Latest Acquisitions by ALLETE

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

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About ALLETE

When was ALLETE founded? ALLETE was founded in 1906.
Where is ALLETE headquartered? ALLETE is headquartered in United States of America.
How many employees does ALLETE have? As of today, ALLETE has 1.6K+ employees.
Who is the CEO of ALLETE? ALLETE's CEO is Ms. Bethany M. Owen.
Is ALLETE publicy listed? Yes, ALLETE is a public company listed on NYS.
What is the stock symbol of ALLETE? ALLETE trades under ALE ticker.
When did ALLETE go public? ALLETE went public in 1998.
Who are competitors of ALLETE? Similar companies to ALLETE include e.g. TAQA, New Sources Energy, AGL Energy, APA Group.
What is the current market cap of ALLETE? ALLETE's current market cap is $3.8B
What is the current revenue of ALLETE? ALLETE's last 12-month revenue is $1.5B.
What is the current EBITDA of ALLETE? ALLETE's last 12-month EBITDA is $444M.
What is the current EV/Revenue multiple of ALLETE? Current revenue multiple of ALLETE is 3.6x.
What is the current EV/EBITDA multiple of ALLETE? Current EBITDA multiple of ALLETE is 12.5x.
What is the current revenue growth of ALLETE? ALLETE revenue growth between 2023 and 2024 was -19%.
Is ALLETE profitable? Yes, ALLETE is EBITDA-positive (as of the last 12 months).

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