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
 04:00:02 2024-05-31 pm EDT 		5-day change 1st Jan Change
43.46 USD +2.62% Intraday chart for New Jersey Resources Corporation +2.02% -2.51%
May. 24 New Jersey Resources Insider Sold Shares Worth $856,424, According to a Recent SEC Filing MT
May. 07 Transcript : New Jersey Resources Corporation, Q2 2024 Earnings Call, May 07, 2024

Valuation

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 4,069 2,592 3,357 3,724 3,964 4,295 - -
Enterprise Value (EV) 1 4,069 4,887 5,964 6,707 7,099 7,695 7,934 8,278
P/E ratio 23.9 x 13.2 x 28.5 x 13.6 x 15 x 14.6 x 15.2 x 14.2 x
Yield 2.63% 4.7% 3.91% 3.82% 3.91% 3.88% 4.16% 4.46%
Capitalization / Revenue 1.57 x 1.33 x 1.56 x 1.28 x 2.02 x 2.1 x 2.08 x 2 x
EV / Revenue 1.57 x 2.5 x 2.77 x 2.31 x 3.62 x 3.77 x 3.84 x 3.86 x
EV / EBITDA 16.6 x 14.5 x 14.9 x 12.5 x 12.7 x 11.8 x 11.9 x 11.4 x
EV / FCF -9.34 x -13 x -32.5 x -28.5 x -332 x -69.3 x -233 x -637 x
FCF Yield -10.7% -7.66% -3.07% -3.51% -0.3% -1.44% -0.43% -0.16%
Price to Book - - 2.04 x 2.04 x 1.99 x 1.97 x 1.9 x 1.81 x
Nbr of stocks (in thousands) 89,980 95,930 96,434 96,228 97,562 98,822 - -
Reference price 2 45.22 27.02 34.81 38.70 40.63 43.46 43.46 43.46
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 2,042 2,069 2,143
EBITDA 1 245.7 336.3 399.7 535.7 559.9 652.3 664.9 726.9
EBIT 1 153.9 216.4 288.4 406.5 407 494.6 484.4 522.1
Operating Margin 5.94% 11.08% 13.37% 13.99% 20.73% 24.22% 23.42% 24.36%
Earnings before Tax (EBT) 1 118.1 172.7 234.4 342.9 310.1 388.1 359.5 376.6
Net income 1 169.5 193.9 117.9 274.9 264.7 287.5 281.9 305.1
Net margin 6.54% 9.93% 5.47% 9.46% 13.49% 14.08% 13.63% 14.24%
EPS 2 1.890 2.040 1.220 2.850 2.710 2.975 2.850 3.068
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% -5.44% -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: September 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 1 675.8 912.3 552.3 765.5 723.6 644 264.1 331.3 467.2 657.9 288 412
EBITDA 1 187.3 170.3 62.68 115.5 209.5 203.3 43.61 103.6 176.1 210.3 66 183
EBIT 1 156.9 138.9 29.81 80.91 172.8 165.2 4.734 64.29 135.8 170.2 18 164
Operating Margin 23.21% 15.22% 5.4% 10.57% 23.88% 25.65% 1.79% 19.4% 29.07% 25.87% 6.25% 39.81%
Earnings before Tax (EBT) 1 141.5 124.1 12.69 64.63 148 139.7 -19.67 42.09 110.7 154 -1 116
Net income 1 111.3 96.04 13.05 54.52 115.9 110.2 1.532 37.02 89.41 120.8 -3 103
Net margin 16.47% 10.53% 2.36% 7.12% 16.02% 17.12% 0.58% 11.17% 19.14% 18.36% -1.04% 25%
EPS 2 1.160 1.000 0.1400 0.5600 1.190 1.130 0.0200 0.3800 0.9100 1.220 -0.0800 0.9900
Dividend per Share 2 0.3625 0.3625 0.3625 0.3900 - 0.3900 0.3900 0.4200 0.4200 - 0.4200 0.4350
Announcement Date 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 5/7/24 - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - 2,295 2,608 2,983 3,135 3,401 3,639 3,983
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) - 6.825 x 6.523 x 5.569 x 5.599 x 5.213 x 5.472 x 5.48 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% 13.7% 12.7% 12.9%
ROA (Net income/ Total Assets) 4.11% 3.9% 2.14% 4.59% 4.3% 4.17% 3.85% 3.91%
Assets 1 4,125 4,972 5,519 5,992 6,162 6,900 7,322 7,810
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 4.540 - 5.240
Capex 1 521 470 574 559 454 686 662 681
Capex / Sales 20.11% 24.07% 26.63% 19.24% 23.13% 33.58% 32% 31.79%
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
43.46 USD
Average target price
48.14 USD
Spread / Average Target
+10.78%
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
-2.51% 4.29B
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CHINA RESOURCES GAS GROUP LIMITED Stock China Resources Gas Group Limited
+6.05% 8.03B
ENN NATURAL GAS CO.,LTD. Stock ENN Natural Gas Co.,Ltd.
+8.15% 7.74B
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+33.95% 6.04B
SOUTHWEST GAS HOLDINGS, INC. Stock Southwest Gas Holdings, Inc.
+22.48% 5.56B
UGI CORPORATION Stock UGI Corporation
+3.50% 5.34B
NEW FORTRESS ENERGY INC. Stock New Fortress Energy Inc.
-32.79% 5.2B
Natural Gas Distribution
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