NORTHWEST NATURAL HOLDING CO (NWN) Stock Fundamental Analysis

NYSE:NWN • US66765N1054

49.335 USD
-0.78 (-1.57%)
Last: Feb 25, 2026, 11:01 AM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

3

Overall NWN gets a fundamental rating of 3 out of 10. We evaluated NWN against 15 industry peers in the Gas Utilities industry. NWN has a medium profitability rating, but doesn't score so well on its financial health evaluation. NWN is valied quite expensively at the moment, while it does show a decent growth rate. Finally NWN also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • In the past year NWN was profitable.
  • NWN had a positive operating cash flow in the past year.
  • Each year in the past 5 years NWN has been profitable.
  • Each year in the past 5 years NWN had a positive operating cash flow.
NWN Yearly Net Income VS EBIT VS OCF VS FCFNWN 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 0 100M -100M 200M

1.2 Ratios

  • NWN has a worse Return On Assets (1.72%) than 86.67% of its industry peers.
  • 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 has a Return On Invested Capital of 3.50%. This is amonst the worse of the industry: NWN underperforms 93.33% of its industry peers.
  • NWN had an Average Return On Invested Capital over the past 3 years of 3.03%. This 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 RankSector 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%
NWN Yearly ROA, ROE, ROICNWN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 -5

1.3 Margins

  • The Profit Margin of NWN (7.94%) is worse than 80.00% of its industry peers.
  • In the last couple of years the Profit Margin of NWN has declined.
  • NWN has a Operating Margin of 20.07%. This is comparable to the rest of the industry: NWN outperforms 53.33% of its industry peers.
  • NWN's Operating Margin has been stable in the last couple of years.
  • Looking at the Gross Margin, with a value of 64.40%, NWN is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
  • In the last couple of years the Gross Margin of NWN has remained more or less at the same level.
Industry RankSector 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%
NWN Yearly Profit, Operating, Gross MarginsNWN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40 60

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ROAROEROICOperating and Profit MarginShow most profitable peers

0

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so NWN is destroying value.
  • NWN has more shares outstanding than it did 1 year ago.
  • 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.
NWN Yearly Shares OutstandingNWN Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M
NWN Yearly Total Debt VS Total AssetsNWN Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B 5B

2.2 Solvency

  • NWN has an Altman-Z score of 0.67. This is a bad value and indicates that NWN is not financially healthy and even has some risk of bankruptcy.
  • NWN has a Altman-Z score of 0.67. This is in the lower half of the industry: NWN underperforms 66.67% of its industry peers.
  • NWN has a Debt/Equity ratio of 1.62. This is a high value indicating a heavy dependency on external financing.
  • With a Debt to Equity ratio value of 1.62, NWN is not doing good in the industry: 80.00% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 1.62
Debt/FCF N/A
Altman-Z 0.67
ROIC/WACC0.58
WACC6.03%
NWN Yearly LT Debt VS Equity VS FCFNWN Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M 1B 1.5B

2.3 Liquidity

  • A Current Ratio of 0.59 indicates that NWN may have some problems paying its short term obligations.
  • The Current ratio of NWN (0.59) is worse than 86.67% of its industry peers.
  • A Quick Ratio of 0.43 indicates that NWN may have some problems paying its short term obligations.
  • NWN has a worse Quick ratio (0.43) than 80.00% of its industry peers.
Industry RankSector Rank
Current Ratio 0.59
Quick Ratio 0.43
NWN Yearly Current Assets VS Current LiabilitesNWN Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

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

5

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 35.38% over the past year.
  • 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%.
  • NWN shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 9.09% yearly.
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

  • NWN is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.34% yearly.
  • NWN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.47% yearly.
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.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
NWN Yearly Revenue VS EstimatesNWN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 500M 1B 1.5B
NWN Yearly EPS VS EstimatesNWN 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

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Find the best growth stocksShow best growing peers

3

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 17.19, the valuation of NWN can be described as rather expensive.
  • NWN's Price/Earnings is on the same level as the industry average.
  • Compared to an average S&P500 Price/Earnings ratio of 26.98, NWN is valued a bit cheaper.
  • Based on the Price/Forward Earnings ratio of 16.36, the valuation of NWN can be described as correct.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of NWN is on the same level as its industry peers.
  • NWN is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 28.01, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 17.19
Fwd PE 16.36
NWN Price Earnings VS Forward Price EarningsNWN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as NWN.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 9.82
NWN Per share dataNWN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.64
PEG (5Y)N/A
EPS Next 2Y14%
EPS Next 3Y11.98%

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

7

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 4.00%, NWN has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 3.63, NWN pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.81, NWN pays a better dividend.
Industry RankSector 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 its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)0.84%
Div Incr Years24
Div Non Decr Years24
NWN Yearly Dividends per shareNWN 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

  • 76.25% of the earnings are spent on dividend by NWN. 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%
NWN Yearly Income VS Free CF VS DividendNWN Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M -100M -150M
NWN Dividend Payout.NWN Dividend Payout, showing the Payout Ratio.NWN Dividend Payout.PayoutRetained Earnings

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NORTHWEST NATURAL HOLDING CO

NYSE:NWN (2/25/2026, 11:01:00 AM)

49.335

-0.78 (-1.57%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)11-05
Earnings (Next)02-27
Inst Owners83.43%
Inst Owner Change1.46%
Ins Owners0.5%
Ins Owner Change-12.41%
Market Cap2.05B
Revenue(TTM)1.27B
Net Income(TTM)100.53M
Analysts86.67
Price Target55.42 (12.33%)
Short Float %3.01%
Short Ratio4.35
Dividend
Industry RankSector Rank
Dividend Yield 4%
Yearly Dividend1.87
Dividend Growth(5Y)0.84%
DP76.25%
Div Incr Years24
Div Non Decr Years24
Ex-Date01-30
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 RankSector Rank
PE 17.19
Fwd PE 16.36
P/S 1.62
P/FCF N/A
P/OCF 8.31
P/B 1.43
P/tB 1.93
EV/EBITDA 9.82
EPS(TTM)2.87
EY5.82%
EPS(NY)3.01
Fwd EY6.11%
FCF(TTM)-4.49
FCFYN/A
OCF(TTM)5.94
OCFY12.03%
SpS30.5
BVpS34.55
TBVpS25.61
PEG (NY)0.64
PEG (5Y)N/A
Graham Number47.23
Profitability
Industry RankSector 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 RankSector 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 17.19 and the Price/Book (PB) ratio is 1.43.


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%.