Atmos Energy Corp

Utilities
Oil/Gas Transmission
www.atmosenergy.com

Earnings Score
Moat Score
Safety Score
Final Score

Market Cap $21.53B
PE 21
Debt $7.84B
Cash $308.86M
EV $29.05B
FCF -$1.20B

Earnings

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Sales & Net Margins

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Earnings	$1.04B
EBIT	$1.36B
ROE	9%
ROA	5%
FCF	-$1.20B
Equity	$12.16B
Growth Stability	100%
PE	20.65
PEG	1.44
PB	1.77
P/FCF	-17.89
P/S	5.17
Price/Cash	0.01
Debt/Equity	0.64
Debt/FCF	-6.51
Net Margins	25%
Op. Margins	33%
Earnings CAGR	13%
Sales Growth YoY	12%
Sales Growth QoQ	-6%
Sales CAGR	6%
FCF CAGR	0%
Equity CAGR	17%
Earnings Stability	0.91
Earnings Growth YoY	13%
Earnings Growth QoQ	-19%
Earnings CAGR 5Y	14%

Sales CAGR 5Y	11%
FCF CAGR 5Y	0%
Equity CAGR 5Y	16%
Earnings CAGR 3Y	3%
Sales CAGR 3Y	3%
FCF CAGR 3Y	1%
Equity CAGR 3Y	15%
Market Cap	$21.53B
Revenue	$4.17B
Dividend Yield	2%
Payout Ratio	47%
Assets	$25.19B
Total Debt	$7.84B
Cash	$308.86M
Shares Outstanding	152.51M
EV	29.05B
Earnings Score	94%
Moat Score	83%
Safety Score	67%
Final Score	81%
Working Capital	-73.56M
Current Ratio	0.94
Shares Growth 3y	5%
Equity Growth QoQ	-0%
Equity Growth YoY	12%

Assets & ROA

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Stockholders Equity & ROE

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Atmos Energy is the largest publicly traded, fully regulated, pure-play natural gas utility in the United States, serving more than 3 million customers in Texas, Colorado, Kansas, Kentucky, Louisiana, Mississippi, Tennessee, and Virginia. About 70% of its earnings come from Texas, where it distributes natural gas in northern Texas and owns an intrastate gas pipeline spanning several key shale gas formations and interconnected with five storage facilities.

SEC Filings

Direct access to Atmos Energy Corp (ATO) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-K Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-Q Dec 31
- 10-K Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-Q Dec 31
- 10-K Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Atmos Energy Corp compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Atmos Energy Corp compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 13%

Stability 91%

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Atmos Energy Corp Discounted Cash Flow

Fully customizable DCF calculator online for Atmos Energy Corp.

Years

Calculation mode

= -$12B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	-$1.2B	-$1.2B	-$1.2B	-$1.2B	-$1.2B	-$1.2B	-$1.2B	-$1.2B	-$1.2B	-$1.2B	-$1.2B	-$12B
DCF		-$1.1B	-$995M	-$905M	-$822M	-$748M	-$680M	-$618M	-$562M	-$511M	-$465M	-$4.6B
Value	-$12B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	09/2015	09/2016	09/2017	09/2018	09/2019	09/2020	09/2021	09/2022	09/2023	09/2024	TTM
Net Margins	8%	14%	14%	19%	18%	21%	20%	18%	21%	25%	25%
ROA	-	7%	7%	6%	6%	5%	5%	4%	5%	5%	5%
ROE	-	10%	10%	13%	9%	9%	8%	8%	8%	9%	9%

Good Net Margins (25.03%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	09/2015	09/2016	09/2017	09/2018	09/2019	09/2020	09/2021	09/2022	09/2023	09/2024	TTM
Debt over FCF	-	-11.27	-13.08	-10.68	-5.55	-5.09	-3.2	-6.96	10.48	-6.51	-6.51
Debt over Equity	0.91	0.95	0.91	0.77	0.7	0.67	1.24	1.08	0.63	0.64	0.64
Growth Stability	-	-	-	100%	100%	100%	100%	100%	100%	100%	100%

Good Debt/FCF ratio (-6.51)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Good Debt/Equity ratio (0.64)

The company is not overleveraged and has a good balance between equity and debt.

Good Graham’s Stability (100%)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	09/2015	09/2016	09/2017	09/2018	09/2019	09/2020	09/2021	09/2022	09/2023	09/2024	CAGR 5Y
Revenue YoY growth	-	-41%	12%	13%	-7%	-3%	21%	23%	2%	-3%	11%
Earnings YoY growth	-	11%	13%	52%	-15%	18%	11%	16%	14%	18%	14%
Equity YoY growth	-	8%	13%	22%	21%	18%	16%	19%	15%	12%	16%
FCF YoY growth	-	111%	-8%	27%	111%	24%	240%	-52%	-145%	-284%	0%