NORTHWEST NATURAL HOLDING CO (NWN) Stock Fundamental Analysis
NYSE:NWN • US66765N1054
50.27 USD
+0.28 (+0.56%)
At close: Feb 26, 2026
50.27 USD
0 (0%)
After Hours: 2/26/2026, 4:15:00 PM
Taking everything into account, NWN scores 3 out of 10 in our fundamental rating. NWN was compared to 15 industry peers in the Gas Utilities industry. There are concerns on the financial health of NWN while its profitability can be described as average. NWN is valied quite expensively at the moment, while it does show a decent growth rate. NWN also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
- In the past year NWN was profitable.
- NWN had a positive operating cash flow in the past year.
- In the past 5 years NWN has always been profitable.
- Each year in the past 5 years NWN had a positive operating cash flow.
1.2 Ratios
- Looking at the Return On Assets, with a value of 1.72%, NWN is doing worse than 86.67% of the companies in the same industry.
- NWN has a Return On Equity of 7.01%. This is amonst the worse of the industry: NWN underperforms 80.00% of its industry peers.
- NWN's Return On Invested Capital of 3.50% is on the low side compared to the rest of the industry. NWN is outperformed by 93.33% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for NWN is below the industry average of 6.15%.
- The 3 year average ROIC (3.03%) for NWN is below the current ROIC(3.50%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.72% | ||
| ROE | 7.01% | ||
| ROIC | 3.5% |
ROA(3y)1.75%
ROA(5y)1.85%
ROE(3y)6.78%
ROE(5y)7.48%
ROIC(3y)3.03%
ROIC(5y)3.09%
1.3 Margins
- NWN's Profit Margin of 7.94% is on the low side compared to the rest of the industry. NWN is outperformed by 80.00% of its industry peers.
- In the last couple of years the Profit Margin of NWN has declined.
- The Operating Margin of NWN (20.07%) is comparable to the rest of the industry.
- NWN's Operating Margin has been stable in the last couple of years.
- NWN has a better Gross Margin (64.40%) than 66.67% of its industry peers.
- In the last couple of years the Gross Margin of NWN has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 20.07% | ||
| PM (TTM) | 7.94% | ||
| GM | 64.4% |
OM growth 3Y-4.37%
OM growth 5Y-0.3%
PM growth 3Y-9.23%
PM growth 5Y-3.72%
GM growth 3Y-1.06%
GM growth 5Y0.22%
2. Health
2.1 Basic Checks
- NWN has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
- Compared to 1 year ago, NWN has more shares outstanding
- The number of shares outstanding for NWN has been increased compared to 5 years ago.
- Compared to 1 year ago, NWN has a worse debt to assets ratio.
2.2 Solvency
- Based on the Altman-Z score of 0.67, we must say that NWN is in the distress zone and has some risk of bankruptcy.
- Looking at the Altman-Z score, with a value of 0.67, NWN is doing worse than 66.67% of the companies in the same industry.
- A Debt/Equity ratio of 1.62 is on the high side and indicates that NWN has dependencies on debt financing.
- NWN's Debt to Equity ratio of 1.62 is on the low side compared to the rest of the industry. NWN is outperformed by 80.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.62 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.67 |
ROIC/WACC0.58
WACC6.03%
2.3 Liquidity
- A Current Ratio of 0.59 indicates that NWN may have some problems paying its short term obligations.
- Looking at the Current ratio, with a value of 0.59, NWN is doing worse than 86.67% of the companies in the same industry.
- NWN has a Quick Ratio of 0.59. This is a bad value and indicates that NWN is not financially healthy enough and could expect problems in meeting its short term obligations.
- NWN's Quick ratio of 0.43 is on the low side compared to the rest of the industry. NWN is outperformed by 80.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.59 | ||
| Quick Ratio | 0.43 |
3. Growth
3.1 Past
- NWN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 35.38%, which is quite impressive.
- NWN shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -0.09% yearly.
- NWN shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.27%.
- The Revenue has been growing by 9.09% on average over the past years. This is quite good.
EPS 1Y (TTM)35.38%
EPS 3Y-3.23%
EPS 5Y-0.09%
EPS Q2Q%-2.82%
Revenue 1Y (TTM)11.27%
Revenue growth 3Y10.25%
Revenue growth 5Y9.09%
Sales Q2Q%20.3%
3.2 Future
- Based on estimates for the next years, NWN will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.34% on average per year.
- Based on estimates for the next years, NWN will show a small growth in Revenue. The Revenue will grow by 6.47% on average per year.
EPS Next Y26.69%
EPS Next 2Y14%
EPS Next 3Y11.98%
EPS Next 5Y9.34%
Revenue Next Year10.85%
Revenue Next 2Y8.3%
Revenue Next 3Y6.94%
Revenue Next 5Y6.47%
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 accelerating.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 17.52 indicates a rather expensive valuation of NWN.
- The rest of the industry has a similar Price/Earnings ratio as NWN.
- NWN's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.05.
- A Price/Forward Earnings ratio of 16.67 indicates a correct valuation of NWN.
- The rest of the industry has a similar Price/Forward Earnings ratio as NWN.
- The average S&P500 Price/Forward Earnings ratio is at 28.03. NWN is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.52 | ||
| Fwd PE | 16.67 |
4.2 Price Multiples
- The rest of the industry has a similar Enterprise Value to EBITDA ratio as NWN.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 9.81 |
4.3 Compensation for Growth
- NWN's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.66
PEG (5Y)N/A
EPS Next 2Y14%
EPS Next 3Y11.98%
5. Dividend
5.1 Amount
- NWN has a Yearly Dividend Yield of 4.00%.
- NWN's Dividend Yield is a higher than the industry average which is at 3.63.
- Compared to an average S&P500 Dividend Yield of 1.80, NWN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4% |
5.2 History
- The dividend of NWN has a limited annual growth rate of 0.84%.
- NWN has paid a dividend for at least 10 years, which is a reliable track record.
- NWN has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)0.84%
Div Incr Years24
Div Non Decr Years24
5.3 Sustainability
- NWN pays out 76.25% of its income as dividend. This is not a sustainable payout ratio.
- The dividend of NWN is growing, but earnings are growing more, so the dividend growth is sustainable.
DP76.25%
EPS Next 2Y14%
EPS Next 3Y11.98%
50.27
+0.28 (+0.56%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)11-05 2025-11-05/bmo
Earnings (Next)02-27 2026-02-27/bmo
Inst Owners83.43%
Inst Owner Change1.46%
Ins Owners0.5%
Ins Owner Change-12.41%
Market Cap2.09B
Revenue(TTM)1.27B
Net Income(TTM)100.53M
Analysts86.67
Price Target55.42 (10.24%)
Short Float %3.01%
Short Ratio4.35
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4% |
Yearly Dividend1.87
Dividend Growth(5Y)0.84%
DP76.25%
Div Incr Years24
Div Non Decr Years24
Ex-Date01-30 2026-01-30 (0.4925)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)60.12%
Min EPS beat(2)12.5%
Max EPS beat(2)107.74%
EPS beat(4)4
Avg EPS beat(4)33.06%
Min EPS beat(4)1.65%
Max EPS beat(4)107.74%
EPS beat(8)6
Avg EPS beat(8)21.88%
EPS beat(12)10
Avg EPS beat(12)37.18%
EPS beat(16)13
Avg EPS beat(16)42.99%
Revenue beat(2)0
Avg Revenue beat(2)-7.13%
Min Revenue beat(2)-7.45%
Max Revenue beat(2)-6.8%
Revenue beat(4)1
Avg Revenue beat(4)-4.62%
Min Revenue beat(4)-7.45%
Max Revenue beat(4)2.82%
Revenue beat(8)2
Avg Revenue beat(8)-4.24%
Revenue beat(12)6
Avg Revenue beat(12)2.76%
Revenue beat(16)10
Avg Revenue beat(16)5.05%
PT rev (1m)3%
PT rev (3m)3%
EPS NQ rev (1m)0.67%
EPS NQ rev (3m)-1.31%
EPS NY rev (1m)0.11%
EPS NY rev (3m)0.21%
Revenue NQ rev (1m)0.16%
Revenue NQ rev (3m)0.16%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.5%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.52 | ||
| Fwd PE | 16.67 | ||
| P/S | 1.65 | ||
| P/FCF | N/A | ||
| P/OCF | 8.47 | ||
| P/B | 1.46 | ||
| P/tB | 1.96 | ||
| EV/EBITDA | 9.81 |
EPS(TTM)2.87
EY5.71%
EPS(NY)3.01
Fwd EY6%
FCF(TTM)-4.49
FCFYN/A
OCF(TTM)5.94
OCFY11.81%
SpS30.5
BVpS34.55
TBVpS25.61
PEG (NY)0.66
PEG (5Y)N/A
Graham Number47.23
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.72% | ||
| ROE | 7.01% | ||
| ROCE | 4.97% | ||
| ROIC | 3.5% | ||
| ROICexc | 3.52% | ||
| ROICexgc | 3.79% | ||
| OM | 20.07% | ||
| PM (TTM) | 7.94% | ||
| GM | 64.4% | ||
| FCFM | N/A |
ROA(3y)1.75%
ROA(5y)1.85%
ROE(3y)6.78%
ROE(5y)7.48%
ROIC(3y)3.03%
ROIC(5y)3.09%
ROICexc(3y)3.05%
ROICexc(5y)3.11%
ROICexgc(3y)3.17%
ROICexgc(5y)3.21%
ROCE(3y)4.32%
ROCE(5y)4.52%
ROICexgc growth 3Y-2%
ROICexgc growth 5Y0.38%
ROICexc growth 3Y-2.67%
ROICexc growth 5Y-0.09%
OM growth 3Y-4.37%
OM growth 5Y-0.3%
PM growth 3Y-9.23%
PM growth 5Y-3.72%
GM growth 3Y-1.06%
GM growth 5Y0.22%
F-Score5
Asset Turnover0.22
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.62 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 5.32 | ||
| Cap/Depr | 236.47% | ||
| Cap/Sales | 34.18% | ||
| Interest Coverage | 2.45 | ||
| Cash Conversion | 56.38% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.59 | ||
| Quick Ratio | 0.43 | ||
| Altman-Z | 0.67 |
F-Score5
WACC6.03%
ROIC/WACC0.58
Cap/Depr(3y)266.77%
Cap/Depr(5y)264.49%
Cap/Sales(3y)31.39%
Cap/Sales(5y)32.73%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)35.38%
EPS 3Y-3.23%
EPS 5Y-0.09%
EPS Q2Q%-2.82%
EPS Next Y26.69%
EPS Next 2Y14%
EPS Next 3Y11.98%
EPS Next 5Y9.34%
Revenue 1Y (TTM)11.27%
Revenue growth 3Y10.25%
Revenue growth 5Y9.09%
Sales Q2Q%20.3%
Revenue Next Year10.85%
Revenue Next 2Y8.3%
Revenue Next 3Y6.94%
Revenue Next 5Y6.47%
EBIT growth 1Y40.09%
EBIT growth 3Y5.43%
EBIT growth 5Y8.76%
EBIT Next Year123.93%
EBIT Next 3Y36.39%
EBIT Next 5Y23.44%
FCF growth 1Y-302.55%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-12.99%
OCF growth 3Y7.69%
OCF growth 5Y1.57%
NORTHWEST NATURAL HOLDING CO / NWN FAQ
What is the fundamental rating for NWN stock?
ChartMill assigns a fundamental rating of 3 / 10 to NWN.
What is the valuation status of NORTHWEST NATURAL HOLDING CO (NWN) stock?
ChartMill assigns a valuation rating of 3 / 10 to NORTHWEST NATURAL HOLDING CO (NWN). This can be considered as Overvalued.
What is the profitability of NWN stock?
NORTHWEST NATURAL HOLDING CO (NWN) has a profitability rating of 4 / 10.
What is the valuation of NORTHWEST NATURAL HOLDING CO based on its PE and PB ratios?
The Price/Earnings (PE) ratio for NORTHWEST NATURAL HOLDING CO (NWN) is 17.52 and the Price/Book (PB) ratio is 1.46.
Is the dividend of NORTHWEST NATURAL HOLDING CO sustainable?
The dividend rating of NORTHWEST NATURAL HOLDING CO (NWN) is 7 / 10 and the dividend payout ratio is 76.25%.