Stock NJR NEW JERSEY RESOURCES CORPORATION
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Financials New Jersey Resources Corporation

Equities

NJR

US6460251068

Natural Gas Utilities

Market Closed - Nyse
Other stock markets
 04:00:01 2024-04-26 pm EDT 		5-day change 1st Jan Change
43.34 USD +0.09% Intraday chart for New Jersey Resources Corporation -0.05% -2.78%
Apr. 19 New Jersey Resources Unit to Use Neste's Renewable Diesel to Fuel Part of Fleet MT
Apr. 19 New Jersey Resources to Switch 70 Medium-Duty Trucks to Renewable Diesel -- OPIS DJ

Valuation

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 4,069 2,592 3,357 3,724 3,964 4,260 - -
Enterprise Value (EV) 1 4,069 4,887 5,964 6,707 7,099 7,669 7,901 8,240
P/E ratio 23.9 x 13.2 x 28.5 x 13.6 x 15 x 15.2 x 14.9 x 13.9 x
Yield 2.63% 4.7% 3.91% 3.82% 3.91% 3.89% 4.18% 4.47%
Capitalization / Revenue 1.57 x 1.33 x 1.56 x 1.28 x 2.02 x 2.09 x 2.06 x 1.99 x
EV / Revenue 1.57 x 2.5 x 2.77 x 2.31 x 3.62 x 3.76 x 3.82 x 3.84 x
EV / EBITDA 16.6 x 14.5 x 14.9 x 12.5 x 12.7 x 11.9 x 11.8 x 11.3 x
EV / FCF -9.34 x -13 x -32.5 x -28.5 x -332 x -69.1 x -232 x -634 x
FCF Yield -10.7% -7.66% -3.07% -3.51% -0.3% -1.45% -0.43% -0.16%
Price to Book - - 2.04 x 2.04 x 1.99 x 1.97 x 1.89 x 1.8 x
Nbr of stocks (in thousands) 89,980 95,930 96,434 96,228 97,562 98,304 - -
Reference price 2 45.22 27.02 34.81 38.70 40.63 43.34 43.34 43.34
Announcement Date 11/19/19 11/30/20 11/18/21 11/17/22 11/21/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,592 1,954 2,157 2,906 1,963 2,037 2,071 2,146
EBITDA 1 245.7 336.3 399.7 535.7 559.9 642.4 669.4 731.3
EBIT 1 153.9 216.4 288.4 406.5 407 487.2 487.7 525.7
Operating Margin 5.94% 11.08% 13.37% 13.99% 20.73% 23.91% 23.55% 24.5%
Earnings before Tax (EBT) 1 118.1 172.7 234.4 342.9 310.1 388.1 359.5 376.6
Net income 1 169.5 193.9 117.9 274.9 264.7 288.4 285.2 308.5
Net margin 6.54% 9.93% 5.47% 9.46% 13.49% 14.16% 13.77% 14.38%
EPS 2 1.890 2.040 1.220 2.850 2.710 2.847 2.900 3.123
Free Cash Flow 1 -435.9 -374.5 -183.3 -235.7 -21.37 -111 -34 -13
FCF margin -16.82% -19.17% -8.5% -8.11% -1.09% -5.45% -1.64% -0.61%
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 1.190 1.270 1.360 1.478 1.590 1.688 1.810 1.938
Announcement Date 11/19/19 11/30/20 11/18/21 11/17/22 11/21/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: Settembre 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 532.5 675.8 912.3 552.3 765.5 723.6 644 264.1 331.3 467.2 670 288 412
EBITDA 1 32.53 187.3 170.3 62.68 115.5 209.5 203.3 43.61 103.6 176.1 228 66 183
EBIT 1 3.118 156.9 138.9 29.81 80.91 172.8 165.2 4.734 64.29 135.8 174.5 21 152
Operating Margin 0.59% 23.21% 15.22% 5.4% 10.57% 23.88% 25.65% 1.79% 19.4% 29.07% 26.04% 7.29% 36.89%
Earnings before Tax (EBT) 1 -6.102 141.5 124.1 12.69 64.63 148 139.7 -19.67 42.09 110.7 162 -1 116
Net income 1 -1.133 111.3 96.04 13.05 54.52 115.9 110.2 1.532 37.02 89.41 115 - 103
Net margin -0.21% 16.47% 10.53% 2.36% 7.12% 16.02% 17.12% 0.58% 11.17% 19.14% 17.16% - 25%
EPS 2 -0.0100 1.160 1.000 0.1400 0.5600 1.190 1.130 0.0200 0.3800 0.9100 1.100 - 1.065
Dividend per Share 2 0.3625 0.3625 0.3625 0.3625 0.3900 - 0.3900 0.3900 0.4200 0.4200 0.4200 0.4200 0.4350
Announcement Date 11/18/21 2/3/22 5/5/22 8/4/22 11/17/22 2/2/23 5/4/23 8/3/23 11/21/23 2/6/24 - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: Settembre 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - 2,295 2,608 2,983 3,135 3,408 3,641 3,979
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) - 6.825 x 6.523 x 5.569 x 5.599 x 5.305 x 5.439 x 5.441 x
Free Cash Flow 1 -436 -374 -183 -236 -21.4 -111 -34 -13
ROE (net income / shareholders' equity) 11.8% 10.5% 7.2% 15.9% 14.4% 13.5% 12.9% 13.1%
ROA (Net income/ Total Assets) 4.11% 3.9% 2.14% 4.59% 4.3% 4.07% 3.9% 3.96%
Assets 1 4,125 4,972 5,519 5,992 6,162 7,094 7,312 7,796
Book Value Per Share 2 - - 17.00 19.00 20.40 22.00 22.90 24.10
Cash Flow per Share 2 - 2.220 4.050 3.350 4.910 4.760 5.140 5.410
Capex 1 521 470 574 559 454 669 662 681
Capex / Sales 20.11% 24.07% 26.63% 19.24% 23.13% 32.86% 31.96% 31.76%
Announcement Date 11/19/19 11/30/20 11/18/21 11/17/22 11/21/23 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for New Jersey Resources Corporation

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
43.34 USD
Average target price
47.71 USD
Spread / Average Target
+10.09%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Natural Gas Distribution

1st Jan change Capi.
NEW JERSEY RESOURCES CORPORATION Stock New Jersey Resources Corporation
-2.78% 4.26B
THE HONG KONG AND CHINA GAS CO LTD Stock The Hong Kong and China Gas Co Ltd
0.00% 14.25B
ENN ENERGY HOLDINGS LIMITED Stock ENN Energy Holdings Limited
+16.26% 9.6B
KUNLUN ENERGY COMPANY LIMITED Stock Kunlun Energy Company Limited
+7.95% 8.41B
ENN NATURAL GAS CO.,LTD. Stock ENN Natural Gas Co.,Ltd.
+5.35% 7.53B
CHINA RESOURCES GAS GROUP LIMITED Stock China Resources Gas Group Limited
-3.52% 7.3B
GRUPO ENERGÍA BOGOTÁ S.A. E.S.P. Stock Grupo Energía Bogotá S.A. E.S.P.
+28.95% 5.72B
NEW FORTRESS ENERGY INC. Stock New Fortress Energy Inc.
-28.15% 5.56B
SOUTHWEST GAS HOLDINGS, INC. Stock Southwest Gas Holdings, Inc.
+18.39% 5.37B
UGI CORPORATION Stock UGI Corporation
+3.17% 5.32B
Natural Gas Distribution
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