New Jersey Resources Corp

Utilities
Oil/Gas Transmission
www.njresources.com

Earnings Score
Moat Score

Market Cap $4.85B
PE 15
Debt $3.33B
Cash $2.56M
EV $8.17B
FCF -

Earnings

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Sales & Net Margins

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Earnings	$331.68M
EBIT	$505.52M
ROE	14%
ROA	7%
Equity	$2.31B
Growth Stability	59%
PE	14.62
PEG	1.04
PB	2.1
P/S	2.67
Price/Cash	0
Debt/Equity	1.44
Net Margins	27%
Op. Margins	28%
Earnings CAGR	8%
Sales Growth YoY	5%
Sales Growth QoQ	23%
Sales CAGR	-2%
FCF CAGR	0%
Equity CAGR	8%
Earnings Stability	0.34
Earnings Growth YoY	47%
Earnings Growth QoQ	44%

Earnings CAGR 5Y	14%
Sales CAGR 5Y	-2%
Equity CAGR 5Y	5%
Earnings CAGR 3Y	-19%
Sales CAGR 3Y	-19%
Equity CAGR 3Y	10%
Market Cap	$4.85B
Revenue	$1.82B
Dividend Yield	4%
Payout Ratio	52%
Assets	$7.19B
Total Debt	$3.33B
Cash	$2.56M
Shares Outstanding	99.48M
EV	8.17B
Earnings Score	17%
Moat Score	90%
Working Capital	-87.96M
Current Ratio	0.89
Shares Growth 3y	1%
Equity Growth QoQ	5%
Equity Growth YoY	12%

Assets & ROA

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Stockholders Equity & ROE

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New Jersey Resources is an energy services holding company with regulated and nonregulated operations. Its regulated utility, New Jersey Natural Gas, delivers natural gas to 560,000 customers in the state. NJR's nonregulated businesses include retail gas supply and solar investments primarily in New Jersey. NJR also is an equity investor and owner in several large midstream gas projects.

SEC Filings

Direct access to New Jersey Resources Corp (NJR) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Dec 31
- 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 New Jersey Resources Corp compare to its competitors?

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Peter Lynch's Chart

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

CAGR 8%

Stability 34%

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New Jersey Resources Corp Discounted Cash Flow

Fully customizable DCF calculator online for New Jersey Resources Corp.

Years

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	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
DCF		$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Value	$0

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	7%	7%	6%	8%	7%	10%	5%	9%	13%	16%	27%
ROA	-	5%	5%	5%	4%	4%	5%	7%	7%	7%	7%
ROE	-	11%	11%	16%	11%	11%	7%	15%	13%	13%	14%

Good Net Margins (26.89%)

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	-	-35.45	12.8	6.96	-14.12	-	-	-	-	-	-
Debt over Equity	0.82	1.02	1.02	0.94	1.01	1.29	1.56	1.6	1.52	1.44	1.44
Growth Stability	-	-	-	100%	100%	100%	59%	100%	100%	100%	59%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (1.44)

The company has a balance between equity and debt that is not too good nor too bad.

Bad Graham’s Stability (59%)

The company has a bad stability in its earnings, which is a sign of a bad 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	-	-31%	21%	28%	-11%	-25%	10%	35%	-32%	-8%	-2%
Earnings YoY growth	-	-27%	0%	77%	-27%	14%	-39%	133%	-4%	9%	14%
Equity YoY growth	-	5%	6%	15%	9%	19%	-12%	11%	10%	11%	5%
FCF YoY growth	-	-114%	-395%	94%	-158%	-	-	-	-	-	-