Financials Southwest Gas Holdings, Inc.

Equities

SWX

US8448951025

Natural Gas Utilities

Market Closed - Nyse 04:00:02 2024-05-10 pm EDT 5-day change 1st Jan Change
76.38 USD -0.75% Intraday chart for Southwest Gas Holdings, Inc. +1.66% +20.57%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 4,150 3,452 4,230 4,150 4,531 5,474 - -
Enterprise Value (EV) 1 6,775 6,249 10,329 10,018 9,705 10,725 10,955 11,160
P/E ratio 19.3 x 14.7 x 20.7 x -20 x 29.7 x 22.9 x 19.9 x 17.2 x
Yield 2.87% 3.75% 3.4% 3.97% 3.91% 3.79% 3.42% 3.48%
Capitalization / Revenue 3.03 x 2.56 x 1.15 x 0.84 x 0.83 x 1.09 x 1.04 x 0.91 x
EV / Revenue 4.95 x 4.63 x 2.81 x 2.02 x 1.79 x 2.14 x 2.09 x 1.85 x
EV / EBITDA 9.89 x 8.35 x 14 x 22.5 x 10.4 x 11.1 x 10.2 x 9.25 x
EV / FCF -15.5 x -31.4 x -17.1 x -22.2 x -26.7 x 30 x 96.1 x 62 x
FCF Yield -6.46% -3.19% -5.85% -4.51% -3.74% 3.34% 1.04% 1.61%
Price to Book 1.67 x 1.3 x 1.43 x 1.36 x 1.37 x 1.55 x 1.67 x 1.44 x
Nbr of stocks (in thousands) 54,626 56,830 60,385 67,068 71,521 71,669 - -
Reference price 2 75.97 60.75 70.05 61.88 63.35 76.38 76.38 76.38
Announcement Date 2/26/20 2/25/21 3/1/22 2/28/23 2/28/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,369 1,351 3,680 4,960 5,434 5,014 5,240 6,038
EBITDA 1 685.1 748.2 737.1 446.1 930.5 967.2 1,076 1,207
EBIT 1 381.9 416.2 366 -24.4 489.6 530.6 626.6 724.5
Operating Margin 27.9% 30.82% 9.95% -0.49% 9.01% 10.58% 11.96% 12%
Earnings before Tax (EBT) 1 272.7 304.7 246.8 -273.3 197.3 321.9 366.3 419.8
Net income 1 213.9 232.3 200.8 -203.3 150.9 242.7 295.7 328.4
Net margin 15.63% 17.2% 5.46% -4.1% 2.78% 4.84% 5.64% 5.44%
EPS 2 3.940 4.140 3.390 -3.100 2.130 3.334 3.838 4.444
Free Cash Flow 1 -437.8 -199 -604.2 -452 -363.3 358 114 180
FCF margin -31.98% -14.74% -16.42% -9.11% -6.69% 7.14% 2.18% 2.98%
FCF Conversion (EBITDA) - - - - - 37.01% 10.6% 14.92%
FCF Conversion (Net income) - - - - - 147.5% 38.56% 54.82%
Dividend per Share 2 2.180 2.280 2.380 2.455 2.480 2.895 2.612 2.655
Announcement Date 2/26/20 2/25/21 3/1/22 2/28/23 2/28/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 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 2025 Q1
Net sales 1 1,084 1,267 1,146 1,126 1,421 1,603 1,294 1,169 1,368 1,581 1,165 1,097 1,172 1,082
EBITDA 1 217.4 292.4 150.8 165.3 -168.6 266.2 216.1 180.2 268.1 295.4 218.8 186.6 284.5 262.7
EBIT 1 114 169.7 42.82 48.34 -291.5 153.7 104.4 74.7 156.9 176.2 114.4 80.81 177.2 157.1
Operating Margin 10.51% 13.39% 3.74% 4.29% -20.51% 9.58% 8.07% 6.39% 11.47% 11.15% 9.82% 7.37% 15.13% 14.52%
Earnings before Tax (EBT) 1 76.01 121.4 -10.38 -12.84 -371.5 - 35.03 2.697 83.3 104.6 64.37 29.15 123.7 103.7
Net income 1 - 96.18 -6.575 -12.31 -280.6 45.91 28.88 3.231 72.87 87.74 31 12 82 -
Net margin - 7.59% -0.57% -1.09% -19.75% 2.86% 2.23% 0.28% 5.33% 5.55% 2.66% 1.09% 7% -
EPS 2 1.150 1.580 -0.1000 -0.1800 -4.180 0.6700 0.4000 0.0400 1.010 1.220 0.4326 0.1601 1.131 -
Dividend per Share 2 0.6200 0.6200 0.6200 0.6200 0.6200 0.6200 0.6200 0.6200 0.6200 - 0.6200 0.6200 0.6200 0.6200
Announcement Date 3/1/22 5/9/22 8/9/22 11/9/22 2/28/23 5/9/23 8/9/23 11/8/23 2/28/24 5/8/24 - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 2,625 2,796 6,099 5,868 5,174 5,251 5,481 5,686
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 3.832 x 3.737 x 8.275 x 13.15 x 5.561 x 5.429 x 5.094 x 4.712 x
Free Cash Flow 1 -438 -199 -604 -452 -363 358 114 180
ROE (net income / shareholders' equity) 8.99% 9% 7.13% 6.54% 7.49% 6.92% 7.85% 8.58%
ROA (Net income/ Total Assets) 2.76% 2.75% 1.87% 1.51% 1.9% 2.03% 2.41% 2.57%
Assets 1 7,764 8,453 10,751 -13,423 7,932 11,956 12,289 12,776
Book Value Per Share 2 45.60 46.80 48.90 45.60 46.30 49.30 45.80 53.10
Cash Flow per Share 2 9.210 11.20 1.880 6.220 7.170 8.140 7.520 -
Capex 1 938 825 716 859 873 1,000 915 915
Capex / Sales 68.53% 61.09% 19.44% 17.33% 16.06% 19.94% 17.46% 15.15%
Announcement Date 2/26/20 2/25/21 3/1/22 2/28/23 2/28/24 - - -
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

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
4
Last Close Price
76.38 USD
Average target price
79.33 USD
Spread / Average Target
+3.87%
Consensus
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  4. Financials Southwest Gas Holdings, Inc.
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