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NJR

New Jersey Resources NYSE:NJR Stock Report

Last Price

US$44.91

Market Cap

US$4.3b

7D

2.0%

1Y

5.1%

Updated

21 May, 2022

Data

Company Financials +
NJR fundamental analysis
Snowflake Score
Valuation1/6
Future Growth1/6
Past Performance1/6
Financial Health1/6
Dividends3/6

NJR Stock Overview

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

Summary of all time highs, changes and price drops for New Jersey Resources
Historical stock prices
Current Share PriceUS$44.91
52 Week HighUS$47.50
52 Week LowUS$34.41
Beta0.57
1 Month Change-2.54%
3 Month Change12.30%
1 Year Change5.10%
3 Year Change-7.69%
5 Year Change7.57%
Change since IPO885.83%

Recent News & Updates

May 12
Returns At New Jersey Resources (NYSE:NJR) Appear To Be Weighed Down

Returns At New Jersey Resources (NYSE:NJR) Appear To Be Weighed Down

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Amongst other...

Apr 29
Estimating The Fair Value Of New Jersey Resources Corporation (NYSE:NJR)

Estimating The Fair Value Of New Jersey Resources Corporation (NYSE:NJR)

In this article we are going to estimate the intrinsic value of New Jersey Resources Corporation ( NYSE:NJR ) by...

Shareholder Returns

NJRUS Gas UtilitiesUS Market
7D2.0%1.5%-2.7%
1Y5.1%6.9%-12.9%

Return vs Industry: NJR underperformed the US Gas Utilities industry which returned 6.9% over the past year.

Return vs Market: NJR exceeded the US Market which returned -12.9% over the past year.

Price Volatility

Is NJR's price volatile compared to industry and market?
NJR volatility
NJR Average Weekly Movement3.6%
Gas Utilities Industry Average Movement3.7%
Market Average Movement7.8%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market2.9%

Stable Share Price: NJR is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: NJR's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19811,251Steve Westhovenhttps://www.njresources.com

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 natural gas utility services to approximately 564,000 residential and commercial customers throughout Burlington, Middlesex, Monmouth, Morris, Ocean, and Sussex counties in New Jersey; provides capacity and storage management services; and participates in the off-system sales and capacity release markets.

New Jersey Resources Fundamentals Summary

How do New Jersey Resources's earnings and revenue compare to its market cap?
NJR fundamental statistics
Market CapUS$4.32b
Earnings (TTM)US$94.38m
Revenue (TTM)US$2.49b

45.8x

P/E Ratio

1.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NJR income statement (TTM)
RevenueUS$2.49b
Cost of RevenueUS$2.03b
Gross ProfitUS$458.32m
Other ExpensesUS$363.94m
EarningsUS$94.38m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.98
Gross Margin18.42%
Net Profit Margin3.79%
Debt/Equity Ratio146.4%

How did NJR perform over the long term?

See historical performance and comparison

Dividends

3.2%

Current Dividend Yield

145%

Payout Ratio

Does NJR pay a reliable dividends?

See NJR dividend history and benchmarks
When do you need to buy NJR by to receive an upcoming dividend?
New Jersey Resources dividend dates
Ex Dividend DateJun 14 2022
Dividend Pay DateJul 01 2022
Days until Ex dividend22 days
Days until Dividend pay date39 days

Does NJR pay a reliable dividends?

See NJR dividend history and benchmarks

Valuation

Is New Jersey Resources undervalued compared to its fair value and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


6.4%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: NJR ($44.91) is trading below our estimate of fair value ($47.98)

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 (45.8x) compared to the US Gas Utilities industry average (22.1x).

PE vs Market: NJR is poor value based on its PE Ratio (45.8x) compared to the US market (15.3x).


Price to Earnings Growth Ratio

PEG Ratio: NJR is poor value based on its PEG Ratio (4.3x)


Price to Book Ratio

PB vs Industry: NJR is overvalued based on its PB Ratio (2.4x) compared to the US Gas Utilities industry average (1.8x).


Future Growth

How is New Jersey Resources forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


10.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NJR's forecast earnings growth (10.7% per year) is above the savings rate (1.9%).

Earnings vs Market: NJR's earnings (10.7% per year) are forecast to grow slower than the US market (12.5% 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 (-0.3% per year).

High Growth Revenue: NJR's revenue is forecast to decline over the next 3 years (-0.3% 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 (13.6%).


Past Performance

How has New Jersey Resources performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-6.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: NJR has high quality earnings.

Growing Profit Margin: NJR's current net profit margins (3.8%) are lower than last year (12.5%).


Past Earnings Growth Analysis

Earnings Trend: NJR's earnings have declined by 6.1% per year over the past 5 years.

Accelerating Growth: NJR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: NJR had negative earnings growth (-61.4%) over the past year, making it difficult to compare to the Gas Utilities industry average (4%).


Return on Equity

High ROE: NJR's Return on Equity (5.3%) is considered low.


Financial Health

How is New Jersey Resources's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: NJR's short term assets ($556.0M) do not cover its short term liabilities ($882.1M).

Long Term Liabilities: NJR's short term assets ($556.0M) do not cover its long term liabilities ($3.2B).


Debt to Equity History and Analysis

Debt Level: NJR's net debt to equity ratio (145.6%) is considered high.

Reducing Debt: NJR's debt to equity ratio has increased from 99.6% to 146.4% over the past 5 years.

Debt Coverage: NJR's debt is not well covered by operating cash flow (14%).

Interest Coverage: NJR's interest payments on its debt are well covered by EBIT (3.6x coverage).


Balance Sheet


Dividend

What is New Jersey Resources's current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


3.23%

Current Dividend Yield

Upcoming Dividend Payment

TodayMay 22 2022Ex Dividend DateJun 14 2022Dividend Pay DateJul 01 202217 days from Ex DividendBuy in the next 22 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: NJR's dividend (3.23%) is higher than the bottom 25% of dividend payers in the US market (1.58%).

High Dividend: NJR's dividend (3.23%) is low compared to the top 25% of dividend payers in the US market (4.11%).


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.


Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (144.6%), NJR's dividend payments are not well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: NJR is paying a dividend but the company has no free cash flows.


Discover strong dividend paying companies

Management

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

2.9yrs

Average management tenure


CEO

Steve Westhoven (53 yo)

3.58yrs

Tenure

US$4,783,459

Compensation

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 ($USD4.78M) is below average for companies of similar size in the US market ($USD6.86M).

Compensation vs Earnings: Steve's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: NJR's management team is considered experienced (2.9 years average tenure).


Board Members

Experienced Board: NJR's board of directors are considered experienced (9.5 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if 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 Jersey Resources Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: New Jersey Resources Corporation
  • Ticker: NJR
  • Exchange: NYSE
  • Founded: 1981
  • Industry: Gas Utilities
  • Sector: Utilities
  • Implied Market Cap: US$4.318b
  • Shares outstanding: 96.15m
  • Website: https://www.njresources.com

Number of Employees


Location

  • New Jersey Resources Corporation
  • 1415 Wyckoff Road
  • Wall
  • New Jersey
  • 7719
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/21 00:00
End of Day Share Price2022/05/20 00:00
Earnings2022/03/31
Annual Earnings2021/09/30


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.