New Jersey Resources Corporation
Exchange: NYSESector: UtilitiesIndustry: Utilities - Regulated Gas
New Jersey Resources is a Fortune 1000 company that, through its subsidiaries, provides safe and reliable natural gas and clean energy services, including transportation, distribution, asset management and home services. NJR is composed of five primary businesses: New Jersey Natural Gas, NJR’s principal subsidiary, operates and maintains natural gas transportation and distribution infrastructure to serve customers in New Jersey’s Monmouth, Ocean, Morris, Middlesex, Sussex and Burlington counties. NJR Clean Energy Ventures invests in, owns and operates solar projects, providing customers with low-carbon solutions. NJR Energy Services manages a diversified portfolio of natural gas transportation and storage assets and provides physical natural gas services and customized energy solutions to its customers across North America. Storage and Transportation serves customers from local distributors and producers to electric generators and wholesale marketers through its ownership of Leaf River and the Adelphia Gateway Pipeline, as well as our 50% equity ownership in the Steckman Ridge natural gas storage facility. NJR Home Services provides service contracts as well as heating, central air conditioning, water heaters, standby generators, solar and other indoor and outdoor comfort products to residential homes throughout New Jersey. NJR and its over 1,300 employees are committed to helping customers save energy and money by promoting conservation and encouraging efficiency through Conserve to Preserve ® and initiatives such as SAVEGREEN ®.
Current Price
$55.99
-0.20%GoodMoat Value
$50.46
9.9% overvaluedProfile
Valuation (TTM)
Market Cap$5.64B
P/E17.26
EV—
P/B2.36
Shares Out100.74M
P/Sales2.62
Revenue$2.15B
EV/EBITDA12.84
New Jersey Resources Corporation (NJR) Stock Analysis
Market Cap$5.64B
Current Price$55.99
P/E Ratio17.26
Forward P/E—
PEG Ratio-2.28
EPS$3.33
Book Value$23.74
P/B Ratio2.36
NJR Financial Charts
FCF vs CAPEX
FCFCAPEX
Cash vs Debt
Net Debt: 3.8B
Revenue
2.6B
FY19
2.0B
FY20
2.2B
FY21
2.9B
FY22
2.0B
FY23
1.8B
FY24
2.0B
FY25
Net Income
124M
FY19
163M
FY20
118M
FY21
275M
FY22
265M
FY23
290M
FY24
336M
FY25
NJR 52-Week Range
$42.93
$57.56
50-Day MA: $55.03200-Day MA: $48.54
Did you know?
Profit margin stands at 15.2%.
New Jersey Resources Corporation (NJR) Financial Summary
New Jersey Resources Corporation (NJR) is a Utilities company in the Utilities - Regulated Gas industry, listed on NYSE. The stock currently trades at $55.99 with a market capitalization of $5.64B.
Key valuation metrics include a P/E ratio of 17.26, price-to-book ratio of 2.36, and EPS of $3.33. The company reports a profit margin of 15.2% and return on equity of 13.7%.
NJR Key Financial Metrics
| Metric | Value |
|---|---|
| Market Cap | $5.64B |
| P/E Ratio | 17.26 |
| EPS | $3.33 |
| P/B Ratio | 2.36 |
| P/S Ratio | 2.62 |
| EV/EBITDA | 12.84 |
| Dividend Yield | 3.19% |
| Profit Margin | 15.2% |
| Return on Equity | 13.7% |
| Debt/Equity | 1.58 |
NJR Revenue & Earnings History
| Year | Revenue | Net Income |
|---|---|---|
| FY19 | $2.59B | $123.94M |
| FY20 | $1.95B | $163.01M |
| FY21 | $2.16B | $117.89M |
| FY22 | $2.91B | $274.92M |
| FY23 | $1.96B | $264.72M |
| FY24 | $1.80B | $289.77M |
| FY25 | $2.04B | $335.63M |
New Jersey Resources Corporation (NJR) Valuation
Based on GoodMoat's DCF model, New Jersey Resources Corporation has a fair value estimate of $50.46. At the current price of $55.99, the stock appears 11.0% overvalued relative to our intrinsic value estimate.
NJR Quality Indicators
New Jersey Resources Corporation maintains a profit margin of 15.2% and an operating margin of 25.0%. Return on equity stands at 13.7%. The current ratio is 0.73. Debt-to-equity ratio is 1.58.
About New Jersey Resources Corporation
New Jersey Resources is a Fortune 1000 company that, through its subsidiaries, provides safe and reliable natural gas and clean energy services, including transportation, distribution, asset management and home services. NJR is composed of five primary businesses: New Jersey Natural Gas, NJR’s principal subsidiary, operates and maintains natural gas transportation and distribution infrastructure to serve customers in New Jersey’s Monmouth, Ocean, Morris, Middlesex, Sussex and Burlington counties. NJR Clean Energy Ventures invests in, owns and operates solar projects, providing customers with low-carbon solutions. NJR Energy Services manages a diversified portfolio of natural gas transportation and storage assets and provides physical natural gas services and customized energy solutions to its customers across North America. Storage and Transportation serves customers from local distributors and producers to electric generators and wholesale marketers through its ownership of Leaf River and the Adelphia Gateway Pipeline, as well as our 50% equity ownership in the Steckman Ridge natural gas storage facility. NJR Home Services provides service contracts as well as heating, central air conditioning, water heaters, standby generators, solar and other indoor and outdoor comfort products to residential homes throughout New Jersey. NJR and its over 1,300 employees are committed to helping customers save energy and money by promoting conservation and encouraging efficiency through Conserve to Preserve ® and initiatives such as SAVEGREEN ®.
NJR Free Cash Flow
New Jersey Resources Corporation generated $-56.50M in trailing twelve-month free cash flow, representing an FCF yield of -1.00%. This low FCF yield may reflect heavy reinvestment or growth spending.
NJR Shares Outstanding
New Jersey Resources Corporation has 0.10 billion shares outstanding at a share price of $55.99, giving it a market capitalization of $5.64B.