NEW JERSEY RESOURCES CORP (NJR) Fundamental Analysis & Valuation

NYSE:NJR • US6460251068

Current stock price

53.98 USD
+1.12 (+2.12%)
At close:
53.98 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.
  • NJR had a positive operating cash flow in the past year.
  • In the past 5 years NJR has always been profitable.
  • Each year in the past 5 years NJR had a positive operating cash flow.
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 comparable to the rest of the industry.
  • With a decent Return On Equity value of 13.22%, NJR is doing good in the industry, outperforming 73.33% of the companies in the same industry.
  • With a decent Return On Invested Capital value of 5.21%, NJR is doing good in the industry, outperforming 66.67% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for NJR is in line with the industry average of 6.14%.
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

  • NJR has a better Profit Margin (15.18%) 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.
  • NJR's Operating Margin has improved in the last couple of years.
  • Looking at the Gross Margin, with a value of 55.49%, NJR is doing worse than 60.00% of the companies in the same industry.
  • 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

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), NJR is destroying value.
  • NJR has more shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, NJR has more shares outstanding
  • 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 1.31, we must say that NJR is in the distress zone and has some risk of bankruptcy.
  • NJR's Altman-Z score of 1.31 is fine compared to the rest 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.
  • The Debt to Equity ratio of NJR (1.47) is worse than 73.33% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.47
Debt/FCF N/A
Altman-Z 1.31
ROIC/WACC0.79
WACC6.63%
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.
  • The Current ratio of NJR (0.83) is better than 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 in line with its industry peers.
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%.
  • 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

  • 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

  • Based on the Price/Earnings ratio of 17.03, the valuation of NJR can be described as rather expensive.
  • Based on the Price/Earnings ratio, NJR is valued a bit cheaper than the industry average as 66.67% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Earnings ratio of 25.54, NJR is valued a bit cheaper.
  • NJR is valuated correctly with a Price/Forward Earnings ratio of 15.48.
  • NJR's Price/Forward Earnings is on the same level as the industry average.
  • When comparing the Price/Forward Earnings ratio of NJR to the average of the S&P500 Index (22.70), we can say NJR is valued slightly cheaper.
Industry RankSector Rank
PE 17.03
Fwd PE 15.48
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 12.73
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)5.52
PEG (5Y)1.75
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 3.53%. 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.
  • NJR's Dividend Yield is rather good when compared to the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 3.53%

5.2 History

  • The dividend of NJR is nicely growing with an annual growth rate of 7.28%!
  • 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 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 (3/23/2026, 8:09:33 PM)

After market: 53.98 0 (0%)

53.98

+1.12 (+2.12%)

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 Change4.17%
Market Cap5.44B
Revenue(TTM)2.15B
Net Income(TTM)326.80M
Analysts82
Price Target56.87 (5.35%)
Short Float %2.16%
Short Ratio3.99
Dividend
Industry RankSector Rank
Dividend Yield 3.53%
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)0%
EPS NQ rev (3m)6.71%
EPS NY rev (1m)7.7%
EPS NY rev (3m)8.29%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)5.41%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.39%
Valuation
Industry RankSector Rank
PE 17.03
Fwd PE 15.48
P/S 2.53
P/FCF N/A
P/OCF 10.83
P/B 2.2
P/tB 2.21
EV/EBITDA 12.73
EPS(TTM)3.17
EY5.87%
EPS(NY)3.49
Fwd EY6.46%
FCF(TTM)-1.84
FCFYN/A
OCF(TTM)4.98
OCFY9.23%
SpS21.37
BVpS24.54
TBVpS24.43
PEG (NY)5.52
PEG (5Y)1.75
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 1.31
F-Score5
WACC6.63%
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.


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.