PNM Resources, Inc., through its subsidiaries, provides electricity and electric services in the United States. More Details
Established dividend payer with proven track record.
Share Price & News
How has PNM Resources's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PNM is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 1% a week.
Volatility Over Time: PNM's weekly volatility (1%) has been stable over the past year.
7 Day Return
US Electric Utilities
1 Year Return
US Electric Utilities
Return vs Industry: PNM exceeded the US Electric Utilities industry which returned 16.8% over the past year.
Return vs Market: PNM underperformed the US Market which returned 52.4% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is PNM Resources's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StDoes PNM Resources, Inc. (NYSE:PNM) Create Value For Shareholders?
1 month ago | Simply Wall StDoes PNM Resources (NYSE:PNM) Have A Healthy Balance Sheet?
3 months ago | Simply Wall StDoes PNM Resources' (NYSE:PNM) Statutory Profit Adequately Reflect Its Underlying Profit?
Is PNM Resources undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: PNM ($49.45) is trading above our estimate of fair value ($24.61)
Significantly Below Fair Value: PNM is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: PNM is good value based on its PE Ratio (19.6x) compared to the US Electric Utilities industry average (21.7x).
PE vs Market: PNM is good value based on its PE Ratio (19.6x) compared to the US market (20.6x).
Price to Earnings Growth Ratio
PEG Ratio: PNM is poor value based on its PEG Ratio (4.9x)
Price to Book Ratio
PB vs Industry: PNM's PB Ratio (2.1x) is in line with the US Electric Utilities industry average.
How is PNM 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: PNM's forecast earnings growth (4% per year) is above the savings rate (2%).
Earnings vs Market: PNM's earnings (4% per year) are forecast to grow slower than the US market (16% per year).
High Growth Earnings: PNM's earnings are forecast to grow, but not significantly.
Revenue vs Market: PNM's revenue (4.4% per year) is forecast to grow slower than the US market (9.3% per year).
High Growth Revenue: PNM's revenue (4.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if PNM's Return on Equity is forecast to be high in 3 years time
How has PNM Resources performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PNM has a large one-off gain of $55.4M impacting its March 31 2021 financial results.
Growing Profit Margin: PNM's current net profit margins (13.2%) are higher than last year (3%).
Past Earnings Growth Analysis
Earnings Trend: PNM's earnings have grown significantly by 20.3% per year over the past 5 years.
Accelerating Growth: PNM's earnings growth over the past year (373.7%) exceeds its 5-year average (20.3% per year).
Earnings vs Industry: PNM earnings growth over the past year (373.7%) exceeded the Electric Utilities industry 4.3%.
Return on Equity
High ROE: PNM's Return on Equity (10.4%) is considered low.
How is PNM Resources's financial position?
Financial Position Analysis
Short Term Liabilities: PNM's short term assets ($328.5M) do not cover its short term liabilities ($1.5B).
Long Term Liabilities: PNM's short term assets ($328.5M) do not cover its long term liabilities ($4.3B).
Debt to Equity History and Analysis
Debt Level: PNM's debt to equity ratio (162.6%) is considered high.
Reducing Debt: PNM's debt to equity ratio has increased from 152.9% to 162.6% over the past 5 years.
Debt Coverage: PNM's debt is not well covered by operating cash flow (14%).
Interest Coverage: PNM's interest payments on its debt are not well covered by EBIT (2.8x coverage).
What is PNM Resources's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PNM's dividend (2.65%) is higher than the bottom 25% of dividend payers in the US market (1.24%).
High Dividend: PNM's dividend (2.65%) is low compared to the top 25% of dividend payers in the US market (3.42%).
Stability and Growth of Payments
Stable Dividend: PNM's dividends per share have been stable in the past 10 years.
Growing Dividend: PNM's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (50.5%), PNM's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PNM's dividends in 3 years are forecast to be covered by earnings (51.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Pat Vincent-Collawn (61 yo)
Ms. Patricia K. Vincent-Collawn, also known as Pat, has been the Chief Executive Officer of PNM Resources, Inc. since March 1, 2010 and has been its President since August 2008. Ms. Vincent-Collawn serves ...
CEO Compensation Analysis
Compensation vs Market: Pat's total compensation ($USD8.99M) is above average for companies of similar size in the US market ($USD5.42M).
Compensation vs Earnings: Pat's compensation has increased by more than 20% in the past year.
Experienced Management: PNM's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
Experienced Board: PNM's board of directors are considered experienced (6.5 years average tenure).
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 7.8%.
PNM Resources, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: PNM Resources, Inc.
- Ticker: PNM
- Exchange: NYSE
- Founded: 1917
- Industry: Electric Utilities
- Sector: Utilities
- Market Cap: US$4.251b
- Shares outstanding: 85.83m
- Website: https://www.pnmresources.com
Number of Employees
- PNM Resources, Inc.
- 414 Silver Avenue SW
- New Mexico
- United States
PNM Resources, Inc., through its subsidiaries, provides electricity and electric services in the United States. It operates through Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Com...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/05/05 22:19|
|End of Day Share Price||2021/05/05 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.