Rational Investing

	Total Market Capitalization of All Firms	$397,237 mm
	Average Market Capitalization	$24,827 mm
	Average Market to Model Ratio Weighted by Log of Market Cap	1.5
	Standard Deviation of MM Ratio	0
	Average Beta	0.7
	Average EV To Revenue	4.0
	Average Price To Free Cash Flow	476.7

Ticker	Company Name	Market To Model	Market Cap ($ mm)	EV to Revenue	Price To FCF	% Growth	Beta	As Of
NG.L	National Grid	2.19	46,070	5.0	-46612.9	3	0.7	Sep 19
ACO-X.TO	ATCO Ltd	2.01	4,685	3.2	-441.4	1	0.8	Sep 19
UU.L	United Utilities Group Plc	1.95	8,960	8.8	3205.7	5	0.7	Sep 19
CU.TO	Canadian Utilities Ltd	1.82	8,640	4.5	29.9	0	0.7	Sep 19
AEE	Ameren Corporation	1.80	21,316	4.7	124.4	8	0.4	Sep 19
PEG	Public Service Enterprise Grou	1.77	29,558	4.7	-70.2	6	0.6	Sep 19
ED	Consolidated Edison Inc	1.67	30,846	4.0	412.6	7	0.2	Sep 19
LNT	Alliant Energy Corp.	1.61	14,182	5.4	-303.7	9	0.4	Sep 19
WEC	Wisconsin Energy Corp.	1.59	32,134	5.6	-96.3	3	0.8	Sep 19
NGG	National Grid Plc	1.57	45,977	4.4	-285.3	0	0.7	Sep 19
EDF.PA	Electricite de France SA	1.39	42,166	1.7	7.9	5	0.7	Jun 19
ENGI.PA	Engie SA	1.35	42,779	1.1	13.3	10	0.8	Jun 19
SRE	Sempra Energy	1.09	44,166	6.0	69.1	2	0.7	Sep 19
NI	Nisource Inc	0.89	11,271	3.8	-30.3	8	0.4	Sep 19
CNA.L	Centrica Plc	0.77	5,287	0.4	416.4	-4	0.8	Jun 19
ORG.AX	Origin Energy Ltd	0.53	9,201	1.1	10.6	5	1.5	Jun 19