NORTHWEST NATURAL HOLDING CO (NWN) Fundamental Analysis & Valuation

NYSE:NWN • US66765N1054

52.53 USD
+0.03 (+0.06%)
At close: Mar 4, 2026
52.53 USD
0 (0%)
After Hours: 3/4/2026, 5:46:19 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

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

Fundamental Rating

2

Overall NWN gets a fundamental rating of 2 out of 10. We evaluated NWN against 15 industry peers in the Gas Utilities industry. NWN may be in some trouble as it scores bad on both profitability and health. NWN does not seem to be growing, but still is valued expensively. Finally NWN also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

3

1. NWN Profitability Analysis

1.1 Basic Checks

  • NWN had positive earnings in the past year.
  • In the past year NWN had a positive cash flow from operations.
  • Of the past 5 years NWN 4 years were profitable.
  • NWN had a positive operating cash flow in 4 of the past 5 years.
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's Return On Assets of 1.72% is on the low side compared to the rest of the industry. NWN is outperformed by 86.67% of its industry peers.
  • The Return On Equity of NWN (7.01%) is worse than 80.00% of its industry peers.
  • With a Return On Invested Capital value of 3.50%, NWN is not doing good in the industry: 93.33% of the companies in the same industry are doing better.
  • Measured over the past 3 years, the Average Return On Invested Capital for NWN is below the industry average of 6.13%.
  • The last Return On Invested Capital (3.50%) for NWN is above the 3 year average (3.03%), which is a sign of increasing profitability.
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

  • NWN has a Profit Margin of 7.94%. This is amonst the worse of the industry: NWN underperforms 80.00% of its industry peers.
  • In the last couple of years the Profit Margin of NWN has declined.
  • With a Operating Margin value of 20.07%, NWN perfoms like the industry average, outperforming 53.33% of the companies in the same industry.
  • NWN's Operating Margin has been stable in the last couple of years.
  • The Gross Margin of NWN (64.40%) is better than 66.67% of its industry peers.
  • NWN's Gross Margin has been stable in the last couple of years.
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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0

2. NWN Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), NWN is destroying value.
  • There is no outstanding debt for NWN. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
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 0.69. This is a bad value and indicates that NWN is not financially healthy and even has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 0.69, 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 has a worse Debt to Equity ratio (1.62) than 80.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.62
Debt/FCF N/A
Altman-Z 0.69
ROIC/WACC0.57
WACC6.12%
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.
  • NWN's Current ratio of 0.59 is on the low side compared to the rest of the industry. NWN is outperformed by 80.00% of its industry peers.
  • 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 has a Quick ratio of 0.43. This is in the lower half of the industry: NWN underperforms 73.33% 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

3

3. NWN Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 22.84% over the past year.
  • The Earnings Per Share has been growing slightly by 2.49% on average over the past years.
EPS 1Y (TTM)22.84%
EPS 3Y2.45%
EPS 5Y2.49%
EPS Q2Q%-1.42%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%6.28%

3.2 Future

  • The Earnings Per Share is expected to grow by 6.24% on average over the next years.
  • NWN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.07% yearly.
EPS Next Y5.78%
EPS Next 2Y6.91%
EPS Next 3Y6.2%
EPS Next 5Y6.24%
Revenue Next Year5.8%
Revenue Next 2Y5.03%
Revenue Next 3Y5.69%
Revenue Next 5Y6.07%

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.
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 2030 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

2

4. NWN Valuation Analysis

4.1 Price/Earnings Ratio

  • NWN is valuated rather expensively with a Price/Earnings ratio of 18.43.
  • Compared to the rest of the industry, the Price/Earnings ratio of NWN is on the same level as its industry peers.
  • Compared to an average S&P500 Price/Earnings ratio of 27.03, NWN is valued a bit cheaper.
  • Based on the Price/Forward Earnings ratio of 17.42, the valuation of NWN can be described as rather expensive.
  • NWN's Price/Forward Earnings ratio is in line with the industry average.
  • The average S&P500 Price/Forward Earnings ratio is at 25.11. NWN is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 18.43
Fwd PE 17.42
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

  • NWN's Enterprise Value to EBITDA ratio is in line with the industry average.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 10.05
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 high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)3.19
PEG (5Y)7.4
EPS Next 2Y6.91%
EPS Next 3Y6.2%

More info and screens

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

7

5. NWN Dividend Analysis

5.1 Amount

  • NWN has a Yearly Dividend Yield of 3.75%. Purely for dividend investing, there may be better candidates out there.
  • NWN's Dividend Yield is a higher than the industry average which is at 3.56.
  • NWN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 3.75%

5.2 History

  • The dividend of NWN has a limited annual growth rate of 0.84%.
  • NWN has been paying a dividend for at least 10 years, so it has 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
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 2Y6.91%
EPS Next 3Y6.2%
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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NWN Fundamentals: All Metrics, Ratios and Statistics

NORTHWEST NATURAL HOLDING CO

NYSE:NWN (3/4/2026, 5:46:19 PM)

After market: 52.53 0 (0%)

52.53

+0.03 (+0.06%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)02-27
Earnings (Next)05-04
Inst Owners83.43%
Inst Owner Change1.46%
Ins Owners0.5%
Ins Owner Change8.21%
Market Cap2.18B
Revenue(TTM)N/A
Net Income(TTM)100.53M
Analysts85
Price Target55.42 (5.5%)
Short Float %2.78%
Short Ratio3.85
Dividend
Industry RankSector Rank
Dividend Yield 3.75%
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 18.43
Fwd PE 17.42
P/S 1.72
P/FCF N/A
P/OCF 8.86
P/B 1.52
P/tB 2.05
EV/EBITDA 10.05
EPS(TTM)2.85
EY5.43%
EPS(NY)3.01
Fwd EY5.74%
FCF(TTM)-4.48
FCFYN/A
OCF(TTM)5.93
OCFY11.29%
SpS30.46
BVpS34.51
TBVpS25.58
PEG (NY)3.19
PEG (5Y)7.4
Graham Number47.04
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 0.69
F-Score5
WACC6.12%
ROIC/WACC0.57
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)22.84%
EPS 3Y2.45%
EPS 5Y2.49%
EPS Q2Q%-1.42%
EPS Next Y5.78%
EPS Next 2Y6.91%
EPS Next 3Y6.2%
EPS Next 5Y6.24%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%6.28%
Revenue Next Year5.8%
Revenue Next 2Y5.03%
Revenue Next 3Y5.69%
Revenue Next 5Y6.07%
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 2 / 10 to NWN.


What is the valuation status of NORTHWEST NATURAL HOLDING CO (NWN) stock?

ChartMill assigns a valuation rating of 2 / 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 3 / 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 18.43 and the Price/Book (PB) ratio is 1.52.


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%.