कंपनी का अवलोकन
New Jersey Resources Corporation operates as an energy services holding company primarily focused on the distribution of natural gas across its operational territories. The company functions within the Utilities sector, specifically categorized under the Regulated Gas industry, which implies a business model subject to regulatory oversight and stable, long-term utility contracts. Its scale is represented by a market capitalization of $5.64B, annual revenue of $2.15B, and an employee count of 1300 individuals. These valuation and revenue figures indicate a mid-sized utility player with significant operational depth, as evidenced by its diversified segments including Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Storage and Transportation. The substantial revenue base of $2.15B suggests a mature business capable of generating consistent cash flows, while the market cap reflects investor confidence in its regulated utility status and diversified revenue streams.
वित्तीय स्वास्थ्य
The company reported revenue of $2.15B for the trailing twelve months, generating net income of $326.80M and an EBITDA of $688.18M. The significant gap between the total revenue and net income reveals a cost structure that includes substantial operating expenses, taxes, and interest costs, resulting in a profit margin of 15.2%. The free cash flow stands at -$281,286,368, indicating a period of capital expenditure where the company is investing heavily in infrastructure or growth initiatives rather than accumulating cash reserves. Despite holding only $2.43M in cash, the company carries a total debt of $3.97B, resulting in a debt-to-equity ratio of 160.67, which characterizes a highly leveraged balance sheet typical of capital-intensive utility firms. The current ratio of 0.83 indicates that current assets are insufficient to cover current liabilities without relying on external financing or asset sales, highlighting a tight short-term liquidity position. Return on Equity is 13.7% while Return on Assets is 4.1%, revealing that management is utilizing shareholder equity efficiently to generate returns, though the return on the total asset base remains modest due to the high capital intensity of the regulated gas distribution business.
मूल्यांकन आकलन
The trailing twelve-month P/E ratio is 17.33, while the forward P/E is 16.32, suggesting that the market expects earnings growth in the future to be slightly higher than recent historical performance. The price-to-book ratio of 2.35 indicates that the stock trades at a significant premium over its book value, reflecting the intangible value of its regulated franchise and the stability of its utility operations. Alternative valuation metrics include a price-to-sales ratio of 2.62 and an EV/EBITDA of 13.97, which suggest the company is valued based on its earnings power relative to enterprise value rather than just equity value. The stock has traded between a 52-week low of $43.46 and a 52-week high of $56.00, and assuming a current market context within this range, the price metrics provide a historical benchmark for volatility assessment. With a beta of 0.56, the stock exhibits lower price volatility relative to the broader market, making it a less sensitive investment to general market fluctuations compared to high-beta technology or growth stocks.
Growth & Income
Revenue growth year-over-year stands at 23.9%, whereas earnings growth year-over-year is -7.6%, indicating that earnings are currently growing slower than revenue, likely due to increased operational costs or one-time expenses impacting the bottom line. As a dividend payer, the company offers a dividend yield of 3.4% with a payout ratio of 57.3%, which suggests that the dividend is sustainable given that it covers less than 60% of the net income generated. The negative earnings growth contrasts with the positive revenue expansion, implying that top-line growth has not yet fully translated to bottom-line profitability in the current fiscal period. Overall, the company presents a profile of moderate income generation through dividends supported by regulated revenue, albeit with recent earnings pressure and negative free cash flow that investors must weigh against its stable utility fundamentals.