PNM Resources, Inc., through its subsidiaries, engages in the energy and energy-related businesses in the United States. More Details
Established dividend payer with questionable 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 has not had significant price volatility in the past 3 months.
7 Day Return
US Electric Utilities
1 Year Return
US Electric Utilities
Return vs Industry: PNM underperformed the US Electric Utilities industry which returned -1.1% over the past year.
Return vs Market: PNM underperformed the US Market which returned 11.5% over the past year.
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 week ago | Simply Wall StHow Much Is PNM Resources' (NYSE:PNM) CEO Getting Paid?
1 month ago | Simply Wall StPNM Resources (NYSE:PNM) Takes On Some Risk With Its Use Of Debt
1 month ago | Simply Wall StIs PNM Resources, Inc.'s (NYSE:PNM) 11% ROE Strong Compared To Its Industry?
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 ($49.83) is trading above our estimate of fair value ($19.15)
Significantly Below Fair Value: PNM is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: PNM is poor value based on its PE Ratio (22.5x) compared to the US Electric Utilities industry average (19.5x).
PE vs Market: PNM is poor value based on its PE Ratio (22.5x) compared to the US market (18.1x).
Price to Earnings Growth Ratio
PEG Ratio: PNM is poor value based on its PEG Ratio (3x)
Price to Book Ratio
PB vs Industry: PNM is overvalued based on its PB Ratio (2.3x) compared to the US Electric Utilities industry average (1.9x).
How is PNM Resources forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PNM's forecast earnings growth (7.6% per year) is above the savings rate (2.2%).
Earnings vs Market: PNM's earnings (7.6% per year) are forecast to grow slower than the US market (22% 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 (10% 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: PNM's Return on Equity is forecast to be low in 3 years time (9.5%).
How has PNM Resources performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PNM has high quality earnings.
Growing Profit Margin: PNM became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: PNM's earnings have declined by 0.4% per year over the past 5 years.
Accelerating Growth: PNM has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: PNM has become profitable in the last year, making it difficult to compare its past year earnings growth to the Electric Utilities industry (6.8%).
Return on Equity
High ROE: PNM's Return on Equity (10.9%) is considered low.
How is PNM Resources's financial position?
Financial Position Analysis
Short Term Liabilities: PNM's short term assets ($326.9M) do not cover its short term liabilities ($1.3B).
Long Term Liabilities: PNM's short term assets ($326.9M) do not cover its long term liabilities ($4.5B).
Debt to Equity History and Analysis
Debt Level: PNM's debt to equity ratio (196.2%) is considered high.
Reducing Debt: PNM's debt to equity ratio has increased from 121.5% to 196.2% over the past 5 years.
Debt Coverage: PNM's debt is not well covered by operating cash flow (14.3%).
Interest Coverage: PNM's interest payments on its debt are not well covered by EBIT (2.9x coverage).
What is PNM Resources's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PNM's dividend (2.47%) is higher than the bottom 25% of dividend payers in the US market (1.71%).
High Dividend: PNM's dividend (2.47%) is low compared to the top 25% of dividend payers in the US market (4.86%).
Stability and Growth of Payments
Stable Dividend: PNM's dividends per share have been stable in the past 10 years.
Growing Dividend: PNM's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (54.8%), PNM's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PNM's dividends in 3 years are forecast to be covered by earnings (55% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Pat Vincent-Collawn (61 yo)
Ms. Patricia K. Vincent-Collawn, also known as Pat, has been the Chief Executive Officer of PNM Resources, Inc. since March 1, 2010 and has been its President since August 2008. Ms. Vincent-Collawn serves ...
CEO Compensation Analysis
Compensation vs Market: Pat's total compensation ($USD5.03M) is about average for companies of similar size in the US market ($USD5.63M).
Compensation vs Earnings: Pat's compensation has been consistent with company performance over the past year.
|Senior VP||10.75yrs||US$975.88k||0.090% |
|Executive Vice President of Corporate Development & Finance||0.75yr||US$2.53m||0.14% |
|Senior Vice President of Public Policy||8.83yrs||US$852.56k||0.036% |
|Senior Vice President of Utility Operations||2.67yrs||US$839.93k||0.016% |
|CFO & Senior VP||0.75yr||US$689.93k||0.017% |
|Chief Information Officer & VP||0.75yr||no data||no data|
|Director of Investor Relations||no data||no data||no data|
|Vice President of Human Resources||0.75yr||no data||no data|
|VP & Treasurer||0.75yr||no data||no data|
|VP & Corporate Controller||0.75yr||no data||0.0031% |
Experienced Management: PNM's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.
|Lead Independent Director||5.42yrs||US$211.50k||0.059% |
|Independent Director||6.42yrs||US$190.25k||0.012% |
|Independent Director||12.25yrs||US$194.00k||0.045% |
|Independent Director||5.42yrs||US$186.50k||0.012% |
|Independent Director||8.58yrs||US$201.50k||0.024% |
|Independent Director||6.42yrs||US$194.00k||0.022% |
|Independent Director||1.75yrs||US$185.00k||0% |
|Independent Director||4.42yrs||US$194.00k||0.011% |
|Independent Director||1.75yrs||US$185.00k||no data|
Experienced Board: PNM's board of directors are considered experienced (5.9 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 not been meaningfully diluted in the past year.
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$3.969b
- Shares outstanding: 79.65m
- Website: https://www.pnmresources.com
Number of Employees
- PNM Resources, Inc.
- 414 Silver Avenue SW
- New Mexico
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|PNM||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Jan 1969|
|98P||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jan 1969|
PNM Resources, Inc., through its subsidiaries, engages in the energy and energy-related businesses in the United States. It operates through Public Service Company of New Mexico (PNM) and Texas-New Mexico ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/28 23:38|
|End of Day Share Price||2020/10/28 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.