New Jersey Resources Corporation, an energy services holding company, provides regulated gas distribution, and retail and wholesale energy services.
New Jersey Resources Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$34.92|
|52 Week High||US$25.87|
|52 Week Low||US$44.41|
|1 Month Change||-7.10%|
|3 Month Change||-14.73%|
|1 Year Change||28.38%|
|3 Year Change||-25.15%|
|5 Year Change||0.20%|
|Change since IPO||666.54%|
Recent News & Updates
New Jersey Resources (NYSE:NJR) Will Pay A Dividend Of US$0.33
The board of New Jersey Resources Corporation ( NYSE:NJR ) has announced that it will pay a dividend of US$0.33 per...
New Jersey Resources (NYSE:NJR) Has Re-Affirmed Its Dividend Of US$0.33
New Jersey Resources Corporation ( NYSE:NJR ) has announced that it will pay a dividend of US$0.33 per share on the 1st...
New Jersey Resources (NYSE:NJR) Shareholders Will Want The ROCE Trajectory To Continue
There are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'll want to see a...
|NJR||US Gas Utilities||US Market|
Return vs Industry: NJR exceeded the US Gas Utilities industry which returned 12.7% over the past year.
Return vs Market: NJR underperformed the US Market which returned 33.6% over the past year.
Stable Share Price: NJR is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: NJR's weekly volatility (3%) has been stable over the past year.
About the Company
New Jersey Resources Corporation, an energy services holding company, provides regulated gas distribution, and retail and wholesale energy services. The company operates through four segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Storage and Transportation. The Natural Gas Distribution segment offers regulated retail natural gas services to approximately 558,000 residential and commercial customers in central and northern New Jersey; provides storage management services; and participates in the off-system sales and capacity release markets.
New Jersey Resources Fundamentals Summary
|NJR fundamental statistics|
Is NJR overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|NJR income statement (TTM)|
|Cost of Revenue||US$1.54b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||1.90|
|Net Profit Margin||9.02%|
How did NJR perform over the long term?See historical performance and comparison
4.2%Current Dividend Yield
Is New Jersey Resources undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: NJR ($34.92) is trading below our estimate of fair value ($39.1)
Significantly Below Fair Value: NJR is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: NJR is poor value based on its PE Ratio (18.4x) compared to the US Gas Utilities industry average (17.2x).
PE vs Market: NJR is poor value based on its PE Ratio (18.4x) compared to the US market (17.8x).
Price to Earnings Growth Ratio
PEG Ratio: NJR is poor value based on its PEG Ratio (1.2x)
Price to Book Ratio
PB vs Industry: NJR is overvalued based on its PB Ratio (2x) compared to the US Gas Utilities industry average (1.7x).
How is New Jersey Resources forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NJR's forecast earnings growth (14.9% per year) is above the savings rate (2%).
Earnings vs Market: NJR's earnings (14.9% per year) are forecast to grow faster than the US market (14.8% per year).
High Growth Earnings: NJR's earnings are forecast to grow, but not significantly.
Revenue vs Market: NJR's revenue is expected to decline over the next 3 years (-4.3% per year).
High Growth Revenue: NJR's revenue is forecast to decline over the next 3 years (-4.3% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NJR's Return on Equity is forecast to be low in 3 years time (13.2%).
How has New Jersey Resources performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NJR has high quality earnings.
Growing Profit Margin: NJR's current net profit margins (9%) are higher than last year (7.3%).
Past Earnings Growth Analysis
Earnings Trend: NJR's earnings have grown by 6.1% per year over the past 5 years.
Accelerating Growth: NJR's earnings growth over the past year (23.1%) exceeds its 5-year average (6.1% per year).
Earnings vs Industry: NJR earnings growth over the past year (23.1%) underperformed the Gas Utilities industry 26.4%.
Return on Equity
High ROE: NJR's Return on Equity (10.9%) is considered low.
How is New Jersey Resources's financial position?
Financial Position Analysis
Short Term Liabilities: NJR's short term assets ($518.3M) do not cover its short term liabilities ($613.6M).
Long Term Liabilities: NJR's short term assets ($518.3M) do not cover its long term liabilities ($3.1B).
Debt to Equity History and Analysis
Debt Level: NJR's debt to equity ratio (142.7%) is considered high.
Reducing Debt: NJR's debt to equity ratio has increased from 102.5% to 142.7% over the past 5 years.
Debt Coverage: NJR's debt is not well covered by operating cash flow (15.5%).
Interest Coverage: NJR's interest payments on its debt are well covered by EBIT (4.3x coverage).
What is New Jersey Resources's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NJR's dividend (4.15%) is higher than the bottom 25% of dividend payers in the US market (1.34%).
High Dividend: NJR's dividend (4.15%) is in the top 25% of dividend payers in the US market (3.6%)
Stability and Growth of Payments
Stable Dividend: NJR's dividends per share have been stable in the past 10 years.
Growing Dividend: NJR's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (70%), NJR's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: NJR's dividends in 3 years are forecast to be covered by earnings (57.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Steve Westhoven (53 yo)
Mr. Stephen D. Westhoven, also known as Steve, is Chief Executive Officer and President of New Jersey Resources Corporation since October 1, 2019 and October 1, 2018 respectively and has been its Director...
CEO Compensation Analysis
Compensation vs Market: Steve's total compensation ($USD4.17M) is about average for companies of similar size in the US market ($USD5.28M).
Compensation vs Earnings: Steve's compensation has increased by more than 20% in the past year.
Experienced Management: NJR's management team is considered experienced (4 years average tenure).
Experienced Board: NJR's board of directors are considered experienced (6.6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: NJR insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
New Jersey Resources Corporation's employee growth, exchange listings and data sources
- Name: New Jersey Resources Corporation
- Ticker: NJR
- Exchange: NYSE
- Founded: 1981
- Industry: Gas Utilities
- Sector: Utilities
- Market Cap: US$3.367b
- Shares outstanding: 96.43m
- Website: https://www.njresources.com
Number of Employees
- New Jersey Resources Corporation
- 1415 Wyckoff Road
- New Jersey
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/18 22:02|
|End of Day Share Price||2021/09/17 00:00|
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.