NEW JERSEY RESOURCES CORP (NJR) Fundamental Analysis & Valuation

NYSE:NJR • US6460251068

Current stock price

54.59 USD
-0.08 (-0.15%)
At close:
54.59 USD
0 (0%)
After Hours:

This NJR fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

7

1. NJR Profitability Analysis

1.1 Basic Checks

  • In the past year NJR was profitable.
  • In the past year NJR had a positive cash flow from operations.
  • NJR had positive earnings in each of the past 5 years.
  • Each year in the past 5 years NJR had a positive operating cash flow.
NJR Yearly Net Income VS EBIT VS OCF VS FCFNJR Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M 400M

1.2 Ratios

  • NJR's Return On Assets of 4.13% is in line compared to the rest of the industry. NJR outperforms 60.00% of its industry peers.
  • NJR has a Return On Equity of 13.22%. This is in the better half of the industry: NJR outperforms 73.33% of its industry peers.
  • NJR has a Return On Invested Capital of 5.21%. This is in the better half of the industry: NJR outperforms 66.67% of its industry peers.
  • NJR had an Average Return On Invested Capital over the past 3 years of 5.25%. This is in line with the industry average of 6.14%.
Industry RankSector Rank
ROA 4.13%
ROE 13.22%
ROIC 5.21%
ROA(3y)4.21%
ROA(5y)3.82%
ROE(3y)13.5%
ROE(5y)12.57%
ROIC(3y)5.25%
ROIC(5y)5.16%
NJR Yearly ROA, ROE, ROICNJR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

1.3 Margins

  • NJR has a Profit Margin of 15.18%. This is amongst the best in the industry. NJR outperforms 86.67% of its industry peers.
  • In the last couple of years the Profit Margin of NJR has grown nicely.
  • NJR has a better Operating Margin (23.00%) than 73.33% of its industry peers.
  • In the last couple of years the Operating Margin of NJR has grown nicely.
  • The Gross Margin of NJR (55.49%) is worse than 60.00% of its industry peers.
  • In the last couple of years the Gross Margin of NJR has grown nicely.
Industry RankSector Rank
OM 23%
PM (TTM) 15.18%
GM 55.49%
OM growth 3Y16.52%
OM growth 5Y13.56%
PM growth 3Y20.33%
PM growth 5Y14.59%
GM growth 3Y19.25%
GM growth 5Y10.95%
NJR Yearly Profit, Operating, Gross MarginsNJR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

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2

2. NJR Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), NJR is destroying value.
  • NJR has more shares outstanding than it did 1 year ago.
  • The number of shares outstanding for NJR has been increased compared to 5 years ago.
  • The debt/assets ratio for NJR has been reduced compared to a year ago.
NJR Yearly Shares OutstandingNJR Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M 100M
NJR Yearly Total Debt VS Total AssetsNJR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

2.2 Solvency

  • Based on the Altman-Z score of 1.33, we must say that NJR is in the distress zone and has some risk of bankruptcy.
  • NJR has a Altman-Z score of 1.33. This is in the better half of the industry: NJR outperforms 80.00% of its industry peers.
  • NJR has a Debt/Equity ratio of 1.47. This is a high value indicating a heavy dependency on external financing.
  • With a Debt to Equity ratio value of 1.47, NJR is not doing good in the industry: 73.33% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 1.47
Debt/FCF N/A
Altman-Z 1.33
ROIC/WACC0.78
WACC6.68%
NJR Yearly LT Debt VS Equity VS FCFNJR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B 3B

2.3 Liquidity

  • A Current Ratio of 0.83 indicates that NJR may have some problems paying its short term obligations.
  • NJR's Current ratio of 0.83 is fine compared to the rest of the industry. NJR outperforms 66.67% of its industry peers.
  • NJR has a Quick Ratio of 0.83. This is a bad value and indicates that NJR is not financially healthy enough and could expect problems in meeting its short term obligations.
  • The Quick ratio of NJR (0.58) is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 0.83
Quick Ratio 0.58
NJR Yearly Current Assets VS Current LiabilitesNJR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. NJR Growth Analysis

3.1 Past

  • The earnings per share for NJR have decreased by -9.43% in the last year.
  • Measured over the past years, NJR shows a quite strong growth in Earnings Per Share. The EPS has been growing by 9.71% on average per year.
  • Looking at the last year, NJR shows a quite strong growth in Revenue. The Revenue has grown by 18.44% in the last year.
  • Measured over the past years, NJR shows a small growth in Revenue. The Revenue has been growing by 0.83% on average per year.
EPS 1Y (TTM)-9.43%
EPS 3Y9.44%
EPS 5Y9.71%
EPS Q2Q%-9.3%
Revenue 1Y (TTM)18.44%
Revenue growth 3Y-11.18%
Revenue growth 5Y0.83%
Sales Q2Q%23.85%

3.2 Future

  • NJR is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.97% yearly.
  • NJR is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.43% yearly.
EPS Next Y3.09%
EPS Next 2Y2.94%
EPS Next 3Y4.78%
EPS Next 5Y5.97%
Revenue Next Year15.82%
Revenue Next 2Y8.75%
Revenue Next 3Y5.19%
Revenue Next 5Y5.43%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
NJR Yearly Revenue VS EstimatesNJR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 1B 2B 3B
NJR Yearly EPS VS EstimatesNJR Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 1 2 3 4

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2

4. NJR Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 17.22 indicates a rather expensive valuation of NJR.
  • NJR's Price/Earnings is on the same level as the industry average.
  • NJR is valuated rather cheaply when we compare the Price/Earnings ratio to 24.88, which is the current average of the S&P500 Index.
  • The Price/Forward Earnings ratio is 15.66, which indicates a correct valuation of NJR.
  • NJR's Price/Forward Earnings ratio is in line with the industry average.
  • When comparing the Price/Forward Earnings ratio of NJR to the average of the S&P500 Index (22.19), we can say NJR is valued slightly cheaper.
Industry RankSector Rank
PE 17.22
Fwd PE 15.66
NJR Price Earnings VS Forward Price EarningsNJR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, NJR is valued expensively inside the industry as 80.00% of the companies are valued cheaper.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 12.98
NJR Per share dataNJR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15 20

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates NJR does not grow enough to justify the current Price/Earnings ratio.
  • NJR has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)5.58
PEG (5Y)1.77
EPS Next 2Y2.94%
EPS Next 3Y4.78%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. NJR Dividend Analysis

5.1 Amount

  • NJR has a Yearly Dividend Yield of 3.48%. Purely for dividend investing, there may be better candidates out there.
  • NJR's Dividend Yield is comparable with the industry average which is at 3.66.
  • Compared to an average S&P500 Dividend Yield of 1.89, NJR pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.48%

5.2 History

  • The dividend of NJR is nicely growing with an annual growth rate of 7.28%!
  • NJR has paid a dividend for at least 10 years, which is a reliable track record.
  • NJR has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)7.28%
Div Incr Years29
Div Non Decr Years34
NJR Yearly Dividends per shareNJR Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5

5.3 Sustainability

  • NJR pays out 56.01% of its income as dividend. This is a bit on the high side, but may be sustainable.
  • The dividend of NJR is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP56.01%
EPS Next 2Y2.94%
EPS Next 3Y4.78%
NJR Yearly Income VS Free CF VS DividendNJR Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M
NJR Dividend Payout.NJR Dividend Payout, showing the Payout Ratio.NJR Dividend Payout.PayoutRetained Earnings

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NJR Fundamentals: All Metrics, Ratios and Statistics

NEW JERSEY RESOURCES CORP

NYSE:NJR (3/27/2026, 8:04:00 PM)

After market: 54.59 0 (0%)

54.59

-0.08 (-0.15%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)02-02
Earnings (Next)05-04
Inst Owners78.74%
Inst Owner Change-0.53%
Ins Owners0.49%
Ins Owner Change4.17%
Market Cap5.50B
Revenue(TTM)2.15B
Net Income(TTM)326.80M
Analysts82
Price Target56.87 (4.18%)
Short Float %2.16%
Short Ratio3.99
Dividend
Industry RankSector Rank
Dividend Yield 3.48%
Yearly Dividend1.8
Dividend Growth(5Y)7.28%
DP56.01%
Div Incr Years29
Div Non Decr Years34
Ex-Date03-11
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)1.03%
Min EPS beat(2)-10.41%
Max EPS beat(2)12.47%
EPS beat(4)3
Avg EPS beat(4)48.93%
Min EPS beat(4)-10.41%
Max EPS beat(4)184.87%
EPS beat(8)6
Avg EPS beat(8)-6.27%
EPS beat(12)7
Avg EPS beat(12)24.16%
EPS beat(16)10
Avg EPS beat(16)12.61%
Revenue beat(2)2
Avg Revenue beat(2)10.26%
Min Revenue beat(2)9.5%
Max Revenue beat(2)11.01%
Revenue beat(4)3
Avg Revenue beat(4)10.38%
Min Revenue beat(4)-2.49%
Max Revenue beat(4)23.5%
Revenue beat(8)3
Avg Revenue beat(8)-0.55%
Revenue beat(12)3
Avg Revenue beat(12)-14.96%
Revenue beat(16)7
Avg Revenue beat(16)-2.8%
PT rev (1m)0%
PT rev (3m)-0.45%
EPS NQ rev (1m)0%
EPS NQ rev (3m)11.18%
EPS NY rev (1m)7.7%
EPS NY rev (3m)7.7%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)5.41%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.09%
Valuation
Industry RankSector Rank
PE 17.22
Fwd PE 15.66
P/S 2.55
P/FCF N/A
P/OCF 10.96
P/B 2.22
P/tB 2.23
EV/EBITDA 12.98
EPS(TTM)3.17
EY5.81%
EPS(NY)3.49
Fwd EY6.39%
FCF(TTM)-1.84
FCFYN/A
OCF(TTM)4.98
OCFY9.13%
SpS21.37
BVpS24.54
TBVpS24.43
PEG (NY)5.58
PEG (5Y)1.77
Graham Number41.84
Profitability
Industry RankSector Rank
ROA 4.13%
ROE 13.22%
ROCE 7.11%
ROIC 5.21%
ROICexc 5.21%
ROICexgc 5.22%
OM 23%
PM (TTM) 15.18%
GM 55.49%
FCFM N/A
ROA(3y)4.21%
ROA(5y)3.82%
ROE(3y)13.5%
ROE(5y)12.57%
ROIC(3y)5.25%
ROIC(5y)5.16%
ROICexc(3y)5.25%
ROICexc(5y)5.16%
ROICexgc(3y)5.26%
ROICexgc(5y)5.17%
ROCE(3y)7.08%
ROCE(5y)7.06%
ROICexgc growth 3Y-4%
ROICexgc growth 5Y6.14%
ROICexc growth 3Y-4%
ROICexc growth 5Y6.17%
OM growth 3Y16.52%
OM growth 5Y13.56%
PM growth 3Y20.33%
PM growth 5Y14.59%
GM growth 3Y19.25%
GM growth 5Y10.95%
F-Score5
Asset Turnover0.27
Health
Industry RankSector Rank
Debt/Equity 1.47
Debt/FCF N/A
Debt/EBITDA 5.29
Cap/Depr 356.28%
Cap/Sales 31.94%
Interest Coverage 3.77
Cash Conversion 72.95%
Profit Quality N/A
Current Ratio 0.83
Quick Ratio 0.58
Altman-Z 1.33
F-Score5
WACC6.68%
ROIC/WACC0.78
Cap/Depr(3y)330.29%
Cap/Depr(5y)387.83%
Cap/Sales(3y)29%
Cap/Sales(5y)26.58%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-9.43%
EPS 3Y9.44%
EPS 5Y9.71%
EPS Q2Q%-9.3%
EPS Next Y3.09%
EPS Next 2Y2.94%
EPS Next 3Y4.78%
EPS Next 5Y5.97%
Revenue 1Y (TTM)18.44%
Revenue growth 3Y-11.18%
Revenue growth 5Y0.83%
Sales Q2Q%23.85%
Revenue Next Year15.82%
Revenue Next 2Y8.75%
Revenue Next 3Y5.19%
Revenue Next 5Y5.43%
EBIT growth 1Y8.35%
EBIT growth 3Y3.5%
EBIT growth 5Y14.51%
EBIT Next Year50.35%
EBIT Next 3Y21.3%
EBIT Next 5Y16.44%
FCF growth 1Y-226.36%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-18.28%
OCF growth 3Y12.97%
OCF growth 5Y16.91%

NEW JERSEY RESOURCES CORP / NJR Fundamental Analysis FAQ

What is the fundamental rating for NJR stock?

ChartMill assigns a fundamental rating of 4 / 10 to NJR.


What is the valuation status for NJR stock?

ChartMill assigns a valuation rating of 2 / 10 to NEW JERSEY RESOURCES CORP (NJR). This can be considered as Overvalued.


How profitable is NEW JERSEY RESOURCES CORP (NJR) stock?

NEW JERSEY RESOURCES CORP (NJR) has a profitability rating of 7 / 10.


How financially healthy is NEW JERSEY RESOURCES CORP?

The financial health rating of NEW JERSEY RESOURCES CORP (NJR) is 2 / 10.


What is the earnings growth outlook for NEW JERSEY RESOURCES CORP?

The Earnings per Share (EPS) of NEW JERSEY RESOURCES CORP (NJR) is expected to grow by 3.09% in the next year.