Bedrijfsoverzicht
Atmos Energy Corporation is a major player in the United States engaged in the regulated natural gas distribution, as well as pipeline and storage businesses. The company operates within the Utilities sector, specifically the Utilities - Regulated Gas industry, which implies that its operations are subject to government regulation and provide essential infrastructure services. This entity employs a workforce of 5,487 individuals and holds a total market capitalization of $31.49B, while reporting annual revenue of $4.87B. These financial figures, particularly the substantial market cap and multi-billion dollar revenue base, indicate that Atmos Energy is an established, large-scale enterprise with significant operational reach within the natural gas utility landscape.
Financiële gezondheid
The company reported a revenue of $4.87B and generated net income of $1.25B, with an EBITDA figure standing at $2.39B. The substantial gap between the total revenue of $4.87B and the net income of $1.25B reveals a significant cost structure, where operating expenses, including the cost of gas purchased for resale and regulatory compliance costs, consume the majority of gross receipts before arriving at the bottom line. While the net income is robust, the free cash flow stands at $-1,871,672,832, indicating a negative cash flow position that suggests the company may be investing heavily in capital expenditures or facing timing differences in cash collections relative to its earnings. The gross margin is 57.8%, which reflects a high margin typical of utility distribution models where the primary variable cost is the cost of gas, while the operating margin of 38.8% demonstrates efficient management of these costs before interest and taxes. The profit margin further narrows to 25.7%, showing the final profitability after all expenses including taxes and interest. On the balance sheet, the company holds $367.02M in cash against total debt of $9.63B, resulting in a debt-to-equity ratio of 67.44, which indicates a leveraged balance sheet typical for capital-intensive utility firms that rely on debt financing to fund infrastructure expansion. The current ratio is 1.13, suggesting that the company's short-term assets slightly exceed its short-term liabilities, providing a conservative but sufficient buffer for immediate liquidity needs. Return on equity is 9.2%, while return on assets is 3.6%, metrics that reveal how management effectively utilizes shareholder equity and total assets to generate profits, with the lower ROA reflecting the high asset base inherent to the regulated gas distribution industry.
Waarderingsbeoordeling
The trailing twelve-month P/E ratio is 24.82, whereas the forward P/E is projected at 21.56. The difference between these two metrics implies that the market expects earnings to grow in the future, as investors are willing to accept a lower multiple for expected future earnings compared to the current historical earnings. The price-to-book ratio stands at 2.20, indicating that the market values the company at a premium of over twice its net asset book value, which is common for regulated utilities with strong brand intangibles and guaranteed revenue streams. Additionally, the price-to-sales ratio is 6.47 and the EV/EBITDA is 17.04, suggesting that the market is pricing in growth expectations and the quality of earnings relative to enterprise value. Regarding price movement, the stock has a 52-week high of $192.51 and a 52-week low of $149.98. Without a specific current share price provided in the facts, the range establishes the volatility band within which the stock has traded over the past year, defining the ceiling and floor for recent investor sentiment. The beta value is 0.69, which indicates that the stock's price volatility is significantly lower than the broader market, making it a less volatile investment compared to the overall market index.
Growth & Income
Atmos Energy Corporation has demonstrated revenue growth of 14.2% year over year, accompanied by earnings growth of 9.4%. The earnings growth rate of 9.4% is growing slower than the revenue growth rate of 14.2%, which implies that the company is expanding its top line rapidly but is facing margin pressure or reinvesting a significant portion of new revenue into costs, such as infrastructure upgrades or increased operational expenses. As a dividend payer, the company offers a dividend yield of 2.1% and maintains a payout ratio of 47.1%. This payout ratio is generally considered sustainable given the company's earnings, as paying out less than half of earnings as dividends allows the firm to retain sufficient capital for debt servicing and capital investments. The combination of double-digit revenue expansion and a sustainable dividend yield presents a profile that balances income generation with moderate growth in a regulated environment.