NEW JERSEY RESOURCES CORP (NJR) Fundamental Analysis & Valuation

NYSE:NJR • US6460251068

Current stock price

55.17 USD
+0.06 (+0.11%)
Last:

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.
  • In the past 5 years NJR has always been profitable.
  • NJR had a positive operating cash flow in each of the past 5 years.
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 has a Return On Assets (4.13%) which is in line with 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's Return On Invested Capital of 5.21% is fine compared to the rest of the industry. NJR outperforms 66.67% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for NJR is in line with the industry average of 6.19%.
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

  • The Profit Margin of NJR (15.18%) is better than 86.67% of its industry peers.
  • In the last couple of years the Profit Margin of NJR has grown nicely.
  • Looking at the Operating Margin, with a value of 23.00%, NJR is in the better half of the industry, outperforming 73.33% of the companies in the same industry.
  • 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.
  • 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

  • NJR has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • The number of shares outstanding for NJR has been increased compared to 1 year ago.
  • The number of shares outstanding for NJR has been increased compared to 5 years ago.
  • NJR has a better debt/assets ratio than last year.
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.
  • Looking at the Altman-Z score, with a value of 1.34, NJR is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
  • 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/WACC0.79
WACC6.58%
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 has a Current ratio of 0.83. This is in the better half of the industry: NJR outperforms 66.67% of its industry peers.
  • A Quick Ratio of 0.58 indicates that NJR may have some problems paying 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

  • NJR shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -9.43%.
  • 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.
  • The Revenue has grown by 18.44% in the past year. This is quite good.
  • 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

  • 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 17.40, NJR is valued on the expensive side.
  • The rest of the industry has a similar Price/Earnings ratio as NJR.
  • Compared to an average S&P500 Price/Earnings ratio of 27.66, NJR is valued a bit cheaper.
  • With a Price/Forward Earnings ratio of 15.83, NJR is valued correctly.
  • NJR's Price/Forward Earnings ratio is in line with the industry average.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 38.00, NJR is valued rather cheaply.
Industry RankSector Rank
PE 17.4
Fwd PE 15.83
NJR Price Earnings VS Forward Price EarningsNJR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of NJR indicates a rather expensive valuation: NJR more expensive than 80.00% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 13.06
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 an expensive valuation of the company.
  • NJR has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)5.64
PEG (5Y)1.79
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 3.39%. Purely for dividend investing, there may be better candidates out there.
  • NJR's Dividend Yield is comparable with the industry average which is at 3.64.
  • Compared to an average S&P500 Dividend Yield of 1.81, NJR pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.39%

5.2 History

  • On average, the dividend of NJR grows each year by 7.28%, which is quite nice.
  • NJR has been paying a dividend for at least 10 years, so it has a reliable track record.
  • NJR has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)7.28%
Div Incr Years30
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

  • 56.01% of the earnings are spent on dividend by NJR. 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 (4/22/2026, 10:07:50 AM)

55.17

+0.06 (+0.11%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)02-02
Earnings (Next)05-04
Inst Owners78.53%
Inst Owner Change-0.05%
Ins Owners0.48%
Ins Owner Change4.41%
Market Cap5.56B
Revenue(TTM)2.15B
Net Income(TTM)326.80M
Analysts82
Price Target56.87 (3.08%)
Short Float %2.28%
Short Ratio3.88
Dividend
Industry RankSector Rank
Dividend Yield 3.39%
Yearly Dividend1.8
Dividend Growth(5Y)7.28%
DP56.01%
Div Incr Years30
Div Non Decr Years34
Ex-Date06-10
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)0%
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 17.4
Fwd PE 15.83
P/S 2.58
P/FCF N/A
P/OCF 11.07
P/B 2.25
P/tB 2.26
EV/EBITDA 13.06
EPS(TTM)3.17
EY5.75%
EPS(NY)3.49
Fwd EY6.32%
FCF(TTM)-1.84
FCFYN/A
OCF(TTM)4.98
OCFY9.03%
SpS21.37
BVpS24.54
TBVpS24.43
PEG (NY)5.64
PEG (5Y)1.79
Graham Number41.8362 (-24.17%)
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
WACC6.58%
ROIC/WACC0.79
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.


Can you provide the valuation status for NEW JERSEY RESOURCES CORP?

ChartMill assigns a valuation rating of 3 / 10 to NEW JERSEY RESOURCES CORP (NJR). This can be considered as Overvalued.


What is the profitability of NJR stock?

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


What is the expected EPS growth for NEW JERSEY RESOURCES CORP (NJR) stock?

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


Can you provide the dividend sustainability for NJR stock?

The dividend rating of NEW JERSEY RESOURCES CORP (NJR) is 6 / 10 and the dividend payout ratio is 56.01%.