NEW JERSEY RESOURCES CORP (NJR) Fundamental Analysis & Valuation

NYSE:NJR • US6460251068

Current stock price

54.23 USD
-0.67 (-1.22%)
At close:
54.23 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

  • NJR had positive earnings in the past year.
  • In the past year NJR had a positive cash flow from operations.
  • Each year in the past 5 years NJR has been profitable.
  • In the past 5 years NJR always reported a positive cash flow from operatings.
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

  • The Return On Assets of NJR (4.13%) is comparable to the rest of the industry.
  • 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.
  • The Return On Invested Capital of NJR (5.21%) is better than 66.67% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for NJR is in line with the industry average of 6.13%.
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

  • With an excellent Profit Margin value of 15.18%, NJR belongs to the best of the industry, outperforming 86.67% of the companies in the same industry.
  • In the last couple of years the Profit Margin of NJR has grown nicely.
  • NJR has a Operating Margin of 23.00%. This is in the better half of the industry: NJR outperforms 73.33% of its industry peers.
  • In the last couple of years the Operating Margin of NJR has grown nicely.
  • With a Gross Margin value of 55.49%, NJR is not doing good in the industry: 60.00% of the companies in the same industry are doing better.
  • NJR's Gross Margin has improved in the last couple of years.
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

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so NJR is destroying value.
  • NJR has more shares outstanding than it did 1 year ago.
  • NJR has more shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, NJR has an improved debt to assets ratio.
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 1.34, we must say that NJR is in the distress zone and has some risk of bankruptcy.
  • NJR has a Altman-Z score of 1.34. This is in the better half of the industry: NJR outperforms 73.33% of its industry peers.
  • A Debt/Equity ratio of 1.47 is on the high side and indicates that NJR has dependencies on debt 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 1.34
ROIC/WACC0.8
WACC6.54%
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

  • NJR has a Current 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.
  • 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.
  • NJR has a Quick ratio (0.58) which 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.
  • NJR shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 9.71% yearly.
  • Looking at the last year, NJR shows a quite strong growth in Revenue. The Revenue has grown by 18.44% in the last year.
  • The Revenue has been growing slightly by 0.83% on average over the past years.
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

  • Based on estimates for the next years, NJR will show a small growth in Earnings Per Share. The EPS will grow by 5.97% on average per year.
  • Based on estimates for the next years, NJR will show a small growth in Revenue. The Revenue will grow by 5.43% on average per year.
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

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • 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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3

4. NJR Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 17.11, NJR is valued on the expensive side.
  • Compared to the rest of the industry, the Price/Earnings ratio of NJR indicates a somewhat cheap valuation: NJR is cheaper than 66.67% of the companies listed in the same industry.
  • NJR is valuated rather cheaply when we compare the Price/Earnings ratio to 26.11, which is the current average of the S&P500 Index.
  • The Price/Forward Earnings ratio is 15.56, which indicates a correct valuation of NJR.
  • NJR's Price/Forward Earnings is on the same level as the industry average.
  • NJR is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 24.12, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 17.11
Fwd PE 15.56
NJR Price Earnings VS Forward Price EarningsNJR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of NJR indicates a slightly more expensive valuation: NJR is more expensive than 73.33% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 13.03
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.
  • The decent profitability rating of NJR may justify a higher PE ratio.
PEG (NY)5.54
PEG (5Y)1.76
EPS Next 2Y2.94%
EPS Next 3Y4.78%

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6

5. NJR Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 3.50%, NJR has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 3.59, NJR has a dividend in line with its industry peers.
  • NJR's Dividend Yield is rather good when compared to the S&P500 average which is at 1.91.
Industry RankSector Rank
Dividend Yield 3.5%

5.2 History

  • On average, the dividend of NJR grows each year by 7.28%, which is quite nice.
  • 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.
  • NJR's earnings are growing slower than its dividend. 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 (3/17/2026, 8:04:00 PM)

After market: 54.23 0 (0%)

54.23

-0.67 (-1.22%)

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 Change4.46%
Market Cap5.46B
Revenue(TTM)2.15B
Net Income(TTM)326.80M
Analysts82
Price Target56.87 (4.87%)
Short Float %2.16%
Short Ratio3.99
Dividend
Industry RankSector Rank
Dividend Yield 3.5%
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)1.83%
PT rev (3m)0.63%
EPS NQ rev (1m)-2.54%
EPS NQ rev (3m)6.71%
EPS NY rev (1m)7.7%
EPS NY rev (3m)8.29%
Revenue NQ rev (1m)6.6%
Revenue NQ rev (3m)5.41%
Revenue NY rev (1m)-0.09%
Revenue NY rev (3m)1.39%
Valuation
Industry RankSector Rank
PE 17.11
Fwd PE 15.56
P/S 2.54
P/FCF N/A
P/OCF 10.88
P/B 2.21
P/tB 2.22
EV/EBITDA 13.03
EPS(TTM)3.17
EY5.85%
EPS(NY)3.49
Fwd EY6.43%
FCF(TTM)-1.84
FCFYN/A
OCF(TTM)4.98
OCFY9.19%
SpS21.37
BVpS24.54
TBVpS24.43
PEG (NY)5.54
PEG (5Y)1.76
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 1.34
F-Score5
WACC6.54%
ROIC/WACC0.8
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 3 / 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.