NasdaqGS:NFE

Stock Analysis Report

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Executive Summary

New Fortress Energy LLC operates as an integrated gas-to-power energy infrastructure company worldwide.


Snowflake Analysis

Exceptional growth potential and slightly overvalued.


Similar Companies

Share Price & News

How has New Fortress Energy's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: NFE's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

NFE

0.7%

US Oil and Gas

2.8%

US Market


1 Year Return

37.3%

NFE

-33.6%

US Oil and Gas

9.3%

US Market

Return vs Industry: NFE exceeded the US Oil and Gas industry which returned -33.4% over the past year.

Return vs Market: NFE exceeded the US Market which returned 9.9% over the past year.


Shareholder returns

NFEIndustryMarket
7 Day0%0.7%2.8%
30 Day13.2%6.6%8.9%
90 Day-1.4%-13.9%-0.5%
1 Year37.3%37.3%-30.4%-33.6%11.8%9.3%
3 Yearn/a-29.7%-37.1%31.4%22.7%
5 Yearn/a-37.8%-47.6%58.7%40.9%

Price Volatility Vs. Market

How volatile is New Fortress Energy's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is New Fortress Energy undervalued compared to its fair value and its price relative to the market?

32.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: NFE ($13.87) is trading below our estimate of fair value ($20.48)

Significantly Below Fair Value: NFE is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: NFE is unprofitable, so we can't compare its PE Ratio to the Oil and Gas industry average.

PE vs Market: NFE is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate NFE's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: NFE is overvalued based on its PB Ratio (4.7x) compared to the US Oil and Gas industry average (0.7x).


Next Steps

Future Growth

How is New Fortress Energy forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

42.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NFE is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).

Earnings vs Market: NFE is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: NFE's is expected to become profitable in the next 3 years.

Revenue vs Market: NFE's revenue (29.7% per year) is forecast to grow faster than the US market (8.8% per year).

High Growth Revenue: NFE's revenue (29.7% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NFE's Return on Equity is forecast to be very high in 3 years time (165.1%).


Next Steps

Past Performance

How has New Fortress Energy performed over the past 5 years?

-7.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NFE is currently unprofitable.

Growing Profit Margin: NFE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: NFE is unprofitable, and losses have increased over the past 5 years at a rate of -7.2% per year.

Accelerating Growth: Unable to compare NFE's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: NFE is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-19.8%).


Return on Equity

High ROE: NFE has a negative Return on Equity (-64.95%), as it is currently unprofitable.


Next Steps

Financial Health

How is New Fortress Energy's financial position?


Financial Position Analysis

Short Term Liabilities: NFE's short term assets ($414.6M) exceed its short term liabilities ($151.7M).

Long Term Liabilities: NFE's short term assets ($414.6M) do not cover its long term liabilities ($1.0B).


Debt to Equity History and Analysis

Debt Level: NFE's debt to equity ratio (301.1%) is considered high.

Reducing Debt: Insufficient data to determine if NFE's debt to equity ratio has reduced over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: NFE has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: NFE has less than a year of cash runway if free cash flow continues to reduce at historical rates of 47.3% each year


Next Steps

Dividend

What is New Fortress Energy's current dividend yield, its reliability and sustainability?

0.88%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate NFE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate NFE's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if NFE's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if NFE's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of NFE's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.8yrs

Average management tenure


CEO

Wes Edens (57yo)

1.83yrs

Tenure

Mr. Wesley Robert Edens, also known as Wes, is a Co-Founder of Fortress Investment Group LLC and has been its Private Equity Chief Investment Officer, Principal, President of Private Equity, Head of Privat ...


Leadership Team

NamePositionTenureCompensationOwnership
Wesley Edens
Chairman & CEO1.83yrsno data13.53% $316.3m
Christopher Guinta
Chief Financial Officer1.83yrsUS$5.03mno data
Yunyoung Shin
Chief Accounting Officer1.25yrsUS$929.13kno data
Alan Andreini
Head of Investor Relationsno datano datano data
Brannen McElmurray
Chief Development Officerno datano datano data
Cameron MacDougall
Secretaryno datano datano data

1.8yrs

Average Tenure

43yo

Average Age

Experienced Management: NFE's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Wesley Edens
Chairman & CEO1.83yrsno data13.53% $316.3m
John Mack
Independent Non-Executive Director1.42yrsUS$1.10m0.45% $10.6m
Randal Nardone
Director1.83yrsno data12.71% $297.1m
Katherine Wanner
Independent Director1.42yrsUS$1.11m0.024% $549.9k
David Grain
Independent Director1.42yrsUS$1.10m0.18% $4.1m
C. Griffin
Independent Director1.42yrsUS$1.10m0.98% $22.9m
Matthew Wilkinson
Independent Director1.42yrsUS$1.10m0.052% $1.2m
Desmond Catterall
Independent Director1.42yrsUS$1.10mno data

1.4yrs

Average Tenure

59.5yo

Average Age

Experienced Board: NFE's board of directors are not considered experienced ( 1.4 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: NFE insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

New Fortress Energy LLC's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: New Fortress Energy LLC
  • Ticker: NFE
  • Exchange: NasdaqGS
  • Founded: 1998
  • Industry: Oil and Gas Refining and Marketing
  • Sector: Energy
  • Implied Market Cap: US$2.338b
  • Market Cap: US$336.160m
  • Shares outstanding: 168.58m
  • Website: https://www.newfortressenergy.com

Number of Employees


Location

  • New Fortress Energy LLC
  • 111 West 19th Street
  • 8th Floor
  • New York
  • New York
  • 10011
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NFENasdaqGS (Nasdaq Global Select)YesClass A SharesUSUSDJan 2019

Biography

New Fortress Energy LLC operates as an integrated gas-to-power energy infrastructure company worldwide. It funds, builds, and operates natural gas infrastructure and logistics to deliver fully integrated turnkey energy solutions that enable economic growth, enhance environmental stewardship, and transform local industries and communities. The company was founded in 1998 and is based in New York, New York. New Fortress Energy LLC is a subsidiary of Fortress Investment Group LLC. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/01 12:08
End of Day Share Price2020/05/29 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.