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South Jersey Industries

NYSE:SJI
Snowflake Description

Average dividend payer and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SJI
NYSE
$3B
Market Cap
  1. Home
  2. US
  3. Utilities
Company description

South Jersey Industries, Inc., through its subsidiaries, provides energy-related products and services. The last earnings update was 10 days ago. More info.


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SJI Share Price and Events
7 Day Returns
1.3%
NYSE:SJI
1.3%
US Gas Utilities
-1%
US Market
1 Year Returns
-4.7%
NYSE:SJI
2.6%
US Gas Utilities
-0.4%
US Market
SJI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
South Jersey Industries (SJI) 1.3% -4.3% -4.4% -4.7% 4.3% 9.6%
US Gas Utilities 1.3% -2.4% -2.3% 2.6% 22% 52.9%
US Market -1% -3.3% 0.8% -0.4% 30.4% 37.1%
1 Year Return vs Industry and Market
  • SJI underperformed the Gas Utilities industry which returned 2.6% over the past year.
  • SJI underperformed the Market in United States of America which returned -0.4% over the past year.
Price Volatility
SJI
Industry
5yr Volatility vs Market

SJI Value

 Is South Jersey Industries undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of South Jersey Industries to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for South Jersey Industries.

NYSE:SJI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-06-30) in USD $ 1.2007228571429
Payout Ratio Company Filings (2019-06-30) 7069.2%
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:SJI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Gas Utilities Unlevered Beta Simply Wall St/ S&P Global 0.38
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.383 (1 + (1- 21%) (101.9%))
0.466
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 5.96%)
7.5%

Discounted Cash Flow Calculation for NYSE:SJI using Dividend Discount Model Model

The calculations below outline how an intrinsic value for South Jersey Industries is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

NYSE:SJI Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= $1.2 / (7.5% - 2.73%)
$20.13
NYSE:SJI Discount to Share Price
Calculation Result
Value per share (USD) From above. $20.13
Current discount Discount to share price of $31.65
= -1 x ($31.65 - $20.13) / $20.13
-57.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of South Jersey Industries is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for South Jersey Industries's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are South Jersey Industries's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:SJI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $0.82
NYSE:SJI Share Price ** NYSE (2019-08-16) in USD $31.65
United States of America Gas Utilities Industry PE Ratio Median Figure of 12 Publicly-Listed Gas Utilities Companies 25.68x
United States of America Market PE Ratio Median Figure of 3,096 Publicly-Listed Companies 17.26x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of South Jersey Industries.

NYSE:SJI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:SJI Share Price ÷ EPS (both in USD)

= 31.65 ÷ 0.82

38.57x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • South Jersey Industries is overvalued based on earnings compared to the US Gas Utilities industry average.
  • South Jersey Industries is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does South Jersey Industries's expected growth come at a high price?
Raw Data
NYSE:SJI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 38.57x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
11.5%per year
United States of America Gas Utilities Industry PEG Ratio Median Figure of 11 Publicly-Listed Gas Utilities Companies 3.03x
United States of America Market PEG Ratio Median Figure of 2,126 Publicly-Listed Companies 1.4x

*Line of best fit is calculated by linear regression .

NYSE:SJI PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 38.57x ÷ 11.5%

3.36x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • South Jersey Industries is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on South Jersey Industries's assets?
Raw Data
NYSE:SJI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $16.02
NYSE:SJI Share Price * NYSE (2019-08-16) in USD $31.65
United States of America Gas Utilities Industry PB Ratio Median Figure of 12 Publicly-Listed Gas Utilities Companies 2.24x
United States of America Market PB Ratio Median Figure of 5,273 Publicly-Listed Companies 1.7x
NYSE:SJI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:SJI Share Price ÷ Book Value per Share (both in USD)

= 31.65 ÷ 16.02

1.98x

* Primary Listing of South Jersey Industries.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • South Jersey Industries is good value based on assets compared to the US Gas Utilities industry average.
X
Value checks
We assess South Jersey Industries's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Gas Utilities industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Gas Utilities industry average (and greater than 0)? (1 check)
  5. South Jersey Industries has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

SJI Future Performance

 How is South Jersey Industries expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
11.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is South Jersey Industries expected to grow at an attractive rate?
  • South Jersey Industries's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • South Jersey Industries's earnings growth is positive but not above the United States of America market average.
  • South Jersey Industries's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:SJI Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:SJI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 11.5%
NYSE:SJI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts -2.3%
United States of America Gas Utilities Industry Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Gas Utilities Industry Revenue Growth Rate Market Cap Weighted Average 4.5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:SJI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:SJI Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 1,472 407 197 1
2021-12-31 1,622 353 167 4
2020-12-31 1,664 309 147 6
2019-12-31 1,627 302 183 5
NYSE:SJI Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 1,796 207 73
2019-03-31 1,757 261 -8
2018-12-31 1,641 144 18
2018-09-30 1,397 237 -24
2018-06-30 1,322 219 -16
2018-03-31 1,339 206 70
2017-12-31 1,243 190 -3
2017-09-30 1,227 193 39
2017-06-30 1,219 228 86
2017-03-31 1,129 244 89
2016-12-31 1,037 263 119
2016-09-30 964 231 124

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • South Jersey Industries's earnings are expected to grow by 11.5% yearly, however this is not considered high growth (20% yearly).
  • South Jersey Industries's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:SJI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from South Jersey Industries Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:SJI Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 1.85 1.85 1.85 1.00
2021-12-31 1.72 1.72 1.72 1.00
2020-12-31 1.57 1.60 1.53 2.00
2019-12-31 1.21 1.48 0.93 2.00
NYSE:SJI Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 0.82
2019-03-31 -0.09
2018-12-31 0.21
2018-09-30 -0.29
2018-06-30 -0.20
2018-03-31 0.88
2017-12-31 -0.04
2017-09-30 0.49
2017-06-30 1.08
2017-03-31 1.13
2016-12-31 1.56
2016-09-30 1.68

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • South Jersey Industries is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess South Jersey Industries's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
South Jersey Industries has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

SJI Past Performance

  How has South Jersey Industries performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare South Jersey Industries's growth in the last year to its industry (Gas Utilities).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • South Jersey Industries's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • South Jersey Industries has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • South Jersey Industries has become profitable in the last year making it difficult to compare the US Gas Utilities industry average.
Earnings and Revenue History
South Jersey Industries's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from South Jersey Industries Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:SJI Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 1,796.30 72.79 10.12
2019-03-31 1,756.69 -7.70 10.12
2018-12-31 1,641.34 17.90 10.12
2018-09-30 1,397.49 -24.12 0.60
2018-06-30 1,322.14 -16.03 1.39
2018-03-31 1,339.18 70.16 2.02
2017-12-31 1,243.07 -3.40 2.58
2017-09-30 1,227.31 38.60 2.01
2017-06-30 1,219.27 85.81 1.19
2017-03-31 1,129.29 88.62 0.56
2016-12-31 1,036.50 119.06 2.93
2016-09-30 964.36 124.00
2016-06-30 886.34 101.81
2016-03-31 909.65 119.94
2015-12-31 959.57 105.61
2015-09-30 982.82 98.65
2015-06-30 964.19 106.91
2015-03-31 919.75 103.27
2014-12-31 887.00 97.63
2014-09-30 830.29 92.99
2014-06-30 836.67 96.05
2014-03-31 825.99 87.26
2013-12-31 731.42 82.39
2013-09-30 704.59 68.60
2013-06-30 687.76 71.99
2013-03-31 687.08 81.90
2012-12-31 706.28 92.78
2012-09-30 707.26 104.19

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • South Jersey Industries has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • South Jersey Industries used its assets less efficiently than the US Gas Utilities industry average last year based on Return on Assets.
  • South Jersey Industries's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess South Jersey Industries's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Gas Utilities industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
South Jersey Industries has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

SJI Health

 How is South Jersey Industries's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up South Jersey Industries's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • South Jersey Industries's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • South Jersey Industries's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of South Jersey Industries's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from South Jersey Industries Company Filings, last reported 1 month ago.

NYSE:SJI Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 1,476.47 2,970.00 12.19
2019-03-31 1,514.55 2,816.61 10.36
2018-12-31 1,267.02 3,119.15 30.03
2018-09-30 1,234.83 3,190.60 3.31
2018-06-30 1,303.72 3,115.71 22.42
2018-03-31 1,281.50 1,494.38 6.31
2017-12-31 1,192.41 1,543.58 7.82
2017-09-30 1,221.35 1,482.61 13.68
2017-06-30 1,279.25 1,390.24 10.12
2017-03-31 1,307.90 1,327.06 15.05
2016-12-31 1,289.24 1,346.04 18.28
2016-09-30 1,267.38 1,284.91 6.94
2016-06-30 1,277.55 1,235.43 4.16
2016-03-31 1,093.44 1,428.19 4.25
2015-12-31 1,037.54 1,469.52 3.88
2015-09-30 946.83 1,397.13 2.06
2015-06-30 969.98 1,340.35 3.21
2015-03-31 971.49 1,313.26 7.21
2014-12-31 932.43 1,285.49 4.17
2014-09-30 863.97 1,187.54 3.78
2014-06-30 871.89 1,126.00 7.40
2014-03-31 865.04 1,084.01 8.17
2013-12-31 827.00 1,082.63 3.82
2013-09-30 757.48 1,007.90 4.39
2013-06-30 770.59 952.34 2.26
2013-03-31 777.79 908.25 1.34
2012-12-31 736.21 1,000.41 4.64
2012-09-30 695.80 943.15 4.17
  • South Jersey Industries's level of debt (201.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (129.2% vs 201.2% today).
  • Debt is not well covered by operating cash flow (7%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.6x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess South Jersey Industries's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. South Jersey Industries has a total score of 0/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

SJI Dividends

 What is South Jersey Industries's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.63%
Current annual income from South Jersey Industries dividends. Estimated to be 3.79% next year.
If you bought $2,000 of South Jersey Industries shares you are expected to receive $73 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • South Jersey Industries's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).
  • South Jersey Industries's dividend is below the markets top 25% of dividend payers in United States of America (3.84%).
Upcoming dividend payment

Purchase South Jersey Industries before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:SJI Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
United States of America Gas Utilities Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 2.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2010 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:SJI Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 1.25 1.00
2021-12-31 1.23 4.00
2020-12-31 1.20 5.00
2019-12-31 1.16 4.00
NYSE:SJI Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-07-08 1.150 3.507
2019-04-29 1.150 3.512
2019-02-19 1.150 3.676
2018-11-19 1.150 3.864
2018-11-07 1.120 3.530
2018-05-14 1.120 3.370
2018-01-22 1.120 3.915
2017-11-20 1.120 3.553
2017-08-30 1.090 3.191
2017-04-24 1.090 3.093
2017-02-13 1.090 3.105
2016-11-21 1.090 3.286
2016-08-29 1.055 3.588
2016-05-02 1.055 3.508
2016-02-16 1.055 3.874
2015-11-23 1.055 4.462
2015-07-06 1.005 4.054
2015-05-04 1.005 3.907
2015-01-26 1.005 3.639
2014-12-05 1.005 3.410
2014-07-07 0.945 3.360
2014-04-28 0.945 3.283
2014-01-27 0.945 3.427
2013-11-25 0.945 3.418
2013-07-08 0.885 3.014
2013-04-22 0.885 3.015
2013-01-22 0.885 3.198
2012-11-20 0.885 3.503
2012-07-05 0.805 3.126
2012-04-23 0.805 3.279
2012-01-23 0.805 3.108
2011-11-21 0.805 2.914
2011-07-05 0.730 2.832
2011-05-02 0.730 2.703
2011-01-24 0.730 2.671
2010-11-22 0.730 2.769
2010-06-21 0.660 2.769
2010-04-26 0.660 2.995
2010-01-25 0.660 3.244
2009-11-23 0.660 3.491
2009-11-06 0.595 3.346
2009-11-05 0.595 3.361
2009-08-10 0.595 3.369
2009-08-07 0.595 3.319
2009-08-06 0.595 3.322
2009-05-26 0.595 3.409
2009-05-11 0.595 3.452
2009-02-23 0.595 3.429
2008-11-24 0.595 3.198
2008-08-28 0.540 3.165

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of South Jersey Industries's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.5x coverage).
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Income/ dividend checks
We assess South Jersey Industries's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can South Jersey Industries afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. South Jersey Industries has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

SJI Management

 What is the CEO of South Jersey Industries's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mike Renna
COMPENSATION $4,664,594
AGE 51
TENURE AS CEO 4.3 years
CEO Bio

Mr. Michael J. Renna, also known as Mike, has been the President of South Jersey Industries, Inc. since January 24, 2014 and has been its Chief Executive Officer since April, 2015. Mr. Renna served as the President of South Jersey Energy Company since January 2004. Mr. Renna served as Chief Operating Officer of South Jersey Industries, Inc. from January 24, 2014 to April 2015. He served as the Chief Operating Officer of South Jersey Energy Solutions LLC, a subsidiary of South Jersey Industries Inc. since January 2006. He serves as President of South Jersey Energy Service Plus. He served as Executive Vice President and Chief Financial Officer of Energenic-US, LLC. He served as President and Chief Operating Officer of Marina Energy. He served as President of South Jersey Energy Solutions, LLC. Mr. Renna served as Senior Vice President of South Jersey Industries, Inc. from January 1, 2013 to January 2014. He has 12 years of experience in the energy industry. He served as Vice President of South Jersey Energy Company (SJE) since January 2002. Mr. Renna served as Vice President at South Jersey Industries, Inc., from January 1, 2004 to December 31, 2012. Mr. Renna served as an Assistant Vice President of South Jersey Industries Inc. He joined South Jersey Industries Inc. in 1998. He has been a Director of South Jersey Industries, Inc. since January 24, 2014. He serves on the board of directors for the Chamber of Commerce of Southern New Jersey and is actively involved as a volunteer coach for Mount Laurel’s youth sports teams. He holds a B.S. from the University of Delaware in finance and an M.B.A. from Cornell University.

CEO Compensation
  • Mike's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Mike's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the South Jersey Industries management team in years:

4.2
Average Tenure
47
Average Age
  • The tenure for the South Jersey Industries management team is about average.
Management Team

Mike Renna

TITLE
President
COMPENSATION
$5M
AGE
51
TENURE
4.3 yrs

Kathy McEndy

TITLE
Senior VP & Chief Administrative Officer
COMPENSATION
$2M
AGE
65
TENURE
4.2 yrs

Melissa Orsen

TITLE
Senior VP & General Counsel
COMPENSATION
$796K
AGE
43
TENURE
1.6 yrs

Dave Robbins

TITLE
Senior Vice President
COMPENSATION
$2M
AGE
56
TENURE
4.3 yrs

Cielo Hernandez

TITLE
Senior VP & CFO
AGE
43
TENURE
0.6 yrs

Dan Fidell

TITLE
Vice President of Investor Relations

Marissa Travaline

TITLE
Vice President of Communications

Steven Cocchi

TITLE
Senior VP and Chief Strategy & Development Officer
AGE
41
TENURE
1.6 yrs

Ann Anthony

TITLE
VP, Treasurer & Acting Corporate Secretary
TENURE
10.9 yrs
Board of Directors Tenure

Average tenure and age of the South Jersey Industries board of directors in years:

7.5
Average Tenure
63
Average Age
  • The tenure for the South Jersey Industries board of directors is about average.
Board of Directors

Walt Higgins

TITLE
Non-Executive Chairman of the Board
COMPENSATION
$265K
AGE
74
TENURE
4.3 yrs

Mike Renna

TITLE
President
COMPENSATION
$5M
AGE
51
TENURE
5.6 yrs

Tom Bracken

TITLE
Director
COMPENSATION
$192K
AGE
71
TENURE
15.5 yrs

Victor Fortkiewicz

TITLE
Director
COMPENSATION
$187K
AGE
67
TENURE
8.8 yrs

Sunita Bhatia-Holzer

TITLE
Director
COMPENSATION
$194K
AGE
57
TENURE
7.8 yrs

Sarah Barpoulis

TITLE
Director
COMPENSATION
$211K
AGE
54
TENURE
7.3 yrs

Frank Sims

TITLE
Director
COMPENSATION
$197K
AGE
68
TENURE
7.3 yrs

Joe Rigby

TITLE
Director
COMPENSATION
$203K
AGE
62
TENURE
3.3 yrs

Sheila Hartnett-Devlin

TITLE
Director
COMPENSATION
$192K
AGE
60
TENURE
20.6 yrs

Keith Campbell

TITLE
Director
COMPENSATION
$182K
AGE
64
TENURE
19.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
20. Dec 18 Buy Ann Anthony Individual 19. Dec 18 19. Dec 18 400 $28.75 $11,500
18. Dec 18 Buy Walter Higgins Individual 14. Dec 18 14. Dec 18 4,546 $30.21 $137,318
14. Dec 18 Buy Michael Renna Individual 12. Dec 18 12. Dec 18 3,270 $30.55 $99,892
19. Nov 18 Buy Michael Renna Individual 15. Nov 18 15. Nov 18 3,220 $30.82 $99,247
29. Aug 18 Buy Sunita Bhatia-Holzer Individual 27. Aug 18 27. Aug 18 1,500 $32.88 $49,317
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Management checks
We assess South Jersey Industries's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. South Jersey Industries has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

SJI News

Simply Wall St News

Introducing South Jersey Industries (NYSE:SJI), A Stock That Climbed 27% In The Last Five Years

View our latest analysis for South Jersey Industries To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. … During five years of share price growth, South Jersey Industries actually saw its EPS drop 34% per year. … As it happens, South Jersey Industries's TSR for the last 5 years was 52%, which exceeds the share price return mentioned earlier.

Simply Wall St -

Is South Jersey Industries, Inc.'s (NYSE:SJI) CEO Overpaid Relative To Its Peers?

View our latest analysis for South Jersey Industries How Does Mike Renna's Compensation Compare With Similar Sized Companies? … You can see a visual representation of the CEO compensation at South Jersey Industries, below. … Whatever your view on compensation, you might want to check if insiders are buying or selling South Jersey Industries shares (free trial).

Simply Wall St -

Does South Jersey Industries, Inc. (NYSE:SJI) Have A High Beta?

Volatility is considered to be a measure of risk in modern finance theory. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

Why South Jersey Industries, Inc.’s (NYSE:SJI) Return On Capital Employed Might Be A Concern

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Understanding Return On Capital Employed (ROCE). … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

South Jersey Industries (NYSE:SJI) Shareholders Have Enjoyed A 16% Share Price Gain

(NYSE:SJI) share price return of 16% over three years lags the market return in the same period. … During three years of share price growth, South Jersey Industries moved from a loss to profitability. … It might be well worthwhile taking a look at our free report on South Jersey Industries's earnings, revenue and cash flow.

Simply Wall St -

Should You Be Concerned About South Jersey Industries, Inc.'s (NYSE:SJI) ROE?

By way of learning-by-doing, we'll look at ROE to gain a better understanding of South Jersey Industries, Inc. … South Jersey Industries has a ROE of 1.4%, based on the last twelve months. … That means that for every $1 worth of shareholders' equity, it generated $0.014 in profit.

Simply Wall St -

What Kind Of Shareholders Own South Jersey Industries, Inc. (NYSE:SJI)?

A look at the shareholders of South Jersey Industries, Inc. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … South Jersey Industries has a market capitalization of US$2.8b, so we would expect some institutional investors to have noticed the stock.

Simply Wall St -

Why South Jersey Industries Inc's (NYSE:SJI) CEO Pay Matters To You

In 2015 Mike Renna was appointed CEO of South Jersey Industries Inc (NYSE:SJI). … How Does Mike Renna's Compensation Compare With Similar Sized Companies. … Our data indicates that South Jersey Industries Inc is worth US$2.7b, and total annual CEO compensation is US$8.3m.

Simply Wall St -

Could South Jersey Industries Inc's (NYSE:SJI) Investor Composition Influence The Stock Price?

A look at the shareholders of South Jersey Industries Inc (NYSE:SJI) can tell us which group is most powerful. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … With a market capitalization of US$2.6b, South Jersey Industries is a decent size, so it is probably on the radar of institutional investors.

Simply Wall St -

With An ROE Of 5.47%, Has South Jersey Industries Inc's (NYSE:SJI) Management Done Well?

South Jersey Industries Inc (NYSE:SJI) delivered a less impressive 5.47% ROE over the past year, compared to the 11.17% return generated by its industry. … An investor may attribute an inferior ROE to a relatively inefficient performance, and whilst this can often be the case, knowing the nuts and bolts of the ROE calculation may change that perspective and give you a deeper insight into SJI's past performance. … View our latest analysis for South Jersey Industries

Simply Wall St -

SJI Company Info

Description

South Jersey Industries, Inc., through its subsidiaries, provides energy-related products and services. The company engages in the purchase, transmission, and sale of natural gas. It also sells natural gas and pipeline transportation capacity on a wholesale basis to residential, commercial, and industrial customers on the interstate pipeline system, as well as transports natural gas, which is purchased directly from producers or suppliers to their customers. As of December 31, 2018, the company had approximately 146.2 miles of mains in the transmission system and 6,567 miles of mains in the distribution system; and served 391,092 residential, commercial, and industrial customers in southern New Jersey. In addition, it markets natural gas storage, commodity, and transportation assets on a wholesale basis for energy marketers, electric and gas utilities, power plants, and natural gas producers in the mid-Atlantic, Appalachian, and southern regions of the United States. Further, the company develops, owns, and operates energy projects comprising natural gas fueled combined heating, cooling and power, and landfill gas-to-energy production facilities, as well as solar-generation sites. Additionally, it owns oil, gas, and mineral rights in the Marcellus Shale region of Pennsylvania; acquires and markets natural gas and electricity to retail end users, as well as provides total energy management services; and services residential and small commercial HVAC systems, and installs small commercial HVAC systems, as well as provides plumbing services and services appliances. South Jersey Industries, Inc. was founded in 1910 and is headquartered in Folsom, New Jersey.

Details
Name: South Jersey Industries, Inc.
SJI
Exchange: NYSE
Founded: 1910
$2,916,993,891
92,164,104
Website: http://www.sjindustries.com
Address: South Jersey Industries, Inc.
1 South Jersey Plaza,
Folsom,
New Jersey, 08037,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE SJI Common Stock New York Stock Exchange US USD 02. Jan 1968
DB J4S Common Stock Deutsche Boerse AG DE EUR 02. Jan 1968
Number of employees
Current staff
Staff numbers
1,100
South Jersey Industries employees.
Industry
Gas Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/08/18 23:44
End of day share price update: 2019/08/16 00:00
Last estimates confirmation: 2019/08/16
Last earnings filing: 2019/08/08
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.