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SOUTH JERSEY INDUSTRIES - SJI 5 5/8 09/16/2079 (SJIJ) Stock Fundamental Analysis

NYSE:SJIJ - New York Stock Exchange, Inc. - US8385182071 - Currency: USD

16.58  +0.56 (+3.5%)

After market: 16.6 +0.02 (+0.12%)

Fundamental Rating

3

Taking everything into account, SJIJ scores 3 out of 10 in our fundamental rating. SJIJ was compared to 14 industry peers in the Gas Utilities industry. SJIJ has a bad profitability rating. Also its financial health evaluation is rather negative. SJIJ has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

In the past year SJIJ was profitable.
SJIJ had a positive operating cash flow in the past year.
SJIJ Yearly Net Income VS EBIT VS OCF VS FCFSJIJ Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 0 200M -200M

1.2 Ratios

Looking at the Return On Assets, with a value of 1.95%, SJIJ is in line with its industry, outperforming 50.00% of the companies in the same industry.
With a Return On Equity value of 7.54%, SJIJ perfoms like the industry average, outperforming 56.25% of the companies in the same industry.
The Return On Invested Capital of SJIJ (4.12%) is comparable to the rest of the industry.
Measured over the past 3 years, the Average Return On Invested Capital for SJIJ is below the industry average of 6.29%.
Industry RankSector Rank
ROA 1.95%
ROE 7.54%
ROIC 4.12%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)4.28%
ROIC(5y)N/A
SJIJ Yearly ROA, ROE, ROICSJIJ Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 0 2 4 6 8 10

1.3 Margins

SJIJ's Profit Margin of 5.99% is in line compared to the rest of the industry. SJIJ outperforms 43.75% of its industry peers.
SJIJ's Profit Margin has declined in the last couple of years.
SJIJ has a Operating Margin of 13.52%. This is in the lower half of the industry: SJIJ underperforms 62.50% of its industry peers.
SJIJ's Operating Margin has been stable in the last couple of years.
SJIJ has a Gross Margin of 30.15%. This is in the lower half of the industry: SJIJ underperforms 75.00% of its industry peers.
SJIJ's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 13.52%
PM (TTM) 5.99%
GM 30.15%
OM growth 3Y13.89%
OM growth 5Y-1.33%
PM growth 3Y60.06%
PM growth 5Y-17.34%
GM growth 3Y1.44%
GM growth 5Y-3.11%
SJIJ Yearly Profit, Operating, Gross MarginsSJIJ Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 0 10 20 30 40

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1

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so SJIJ is destroying value.
SJIJ has more shares outstanding than it did 1 year ago.
SJIJ has a better debt/assets ratio than last year.
SJIJ Yearly Shares OutstandingSJIJ Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 20M 40M 60M 80M 100M
SJIJ Yearly Total Debt VS Total AssetsSJIJ Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2B 4B 6B

2.2 Solvency

SJIJ has an Altman-Z score of 0.68. This is a bad value and indicates that SJIJ is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of SJIJ (0.68) is worse than 75.00% of its industry peers.
SJIJ has a Debt/Equity ratio of 1.74. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 1.74, SJIJ is not doing good in the industry: 75.00% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 1.74
Debt/FCF N/A
Altman-Z 0.68
ROIC/WACC0.71
WACC5.78%
SJIJ Yearly LT Debt VS Equity VS FCFSJIJ Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 0 1B 2B 3B

2.3 Liquidity

SJIJ has a Current Ratio of 0.70. This is a bad value and indicates that SJIJ is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of SJIJ (0.70) is comparable to the rest of the industry.
A Quick Ratio of 0.59 indicates that SJIJ may have some problems paying its short term obligations.
SJIJ has a Quick ratio of 0.59. This is in the better half of the industry: SJIJ outperforms 62.50% of its industry peers.
Industry RankSector Rank
Current Ratio 0.7
Quick Ratio 0.59
SJIJ Yearly Current Assets VS Current LiabilitesSJIJ Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 500M 1B 1.5B

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4

3. Growth

3.1 Past

The earnings per share for SJIJ have decreased by -1.73% in the last year.
SJIJ shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 3.99% yearly.
SJIJ shows a strong growth in Revenue. In the last year, the Revenue has grown by 40.66%.
Measured over the past years, SJIJ shows a quite strong growth in Revenue. The Revenue has been growing by 13.96% on average per year.
EPS 1Y (TTM)-1.73%
EPS 3Y5.24%
EPS 5Y3.99%
EPS Q2Q%-5.88%
Revenue 1Y (TTM)40.66%
Revenue growth 3Y6.67%
Revenue growth 5Y13.96%
Sales Q2Q%66.43%

3.2 Future

Based on estimates for the next years, SJIJ will show a small growth in Earnings Per Share. The EPS will grow by 3.84% on average per year.
SJIJ is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.82% yearly.
EPS Next Y2.99%
EPS Next 2Y3.91%
EPS Next 3Y4.69%
EPS Next 5Y3.84%
Revenue Next Year33.17%
Revenue Next 2Y12.56%
Revenue Next 3Y8.14%
Revenue Next 5Y5.82%

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 stable.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
SJIJ Yearly Revenue VS EstimatesSJIJ Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 500M 1B 1.5B 2B
SJIJ Yearly EPS VS EstimatesSJIJ Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2

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5

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 9.75 indicates a reasonable valuation of SJIJ.
Based on the Price/Earnings ratio, SJIJ is valued cheaper than 81.25% of the companies in the same industry.
SJIJ's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.35.
Based on the Price/Forward Earnings ratio of 9.09, the valuation of SJIJ can be described as reasonable.
SJIJ's Price/Forward Earnings ratio is rather cheap when compared to the industry. SJIJ is cheaper than 87.50% of the companies in the same industry.
SJIJ's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.19.
Industry RankSector Rank
PE 9.75
Fwd PE 9.09
SJIJ Price Earnings VS Forward Price EarningsSJIJ Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

81.25% of the companies in the same industry are more expensive than SJIJ, based on the Enterprise Value to EBITDA ratio.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 9.94
SJIJ Per share dataSJIJ 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 SJIJ does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)3.26
PEG (5Y)2.45
EPS Next 2Y3.91%
EPS Next 3Y4.69%

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3

5. Dividend

5.1 Amount

SJIJ has a Yearly Dividend Yield of 3.47%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 4.03, SJIJ has a dividend in line with its industry peers.
SJIJ's Dividend Yield is a higher than the S&P500 average which is at 2.42.
Industry RankSector Rank
Dividend Yield 3.47%

5.2 History

The dividend of SJIJ has a limited annual growth rate of 2.61%.
SJIJ is new to the dividend game and has less than 3 years of track record.
Dividend Growth(5Y)2.61%
Div Incr Years0
Div Non Decr Years0
SJIJ Yearly Dividends per shareSJIJ Yearly Dividends per shareYearly Dividends per share 2021 2022 0.2 0.4 0.6 0.8 1

5.3 Sustainability

SJIJ pays out 92.56% of its income as dividend. This is not a sustainable payout ratio.
SJIJ's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP92.56%
EPS Next 2Y3.91%
EPS Next 3Y4.69%
SJIJ Yearly Income VS Free CF VS DividendSJIJ Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 0 100M -100M -200M -300M
SJIJ Dividend Payout.SJIJ Dividend Payout, showing the Payout Ratio.SJIJ Dividend Payout.PayoutRetained Earnings

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SOUTH JERSEY INDUSTRIES - SJI 5 5/8 09/16/2079

NYSE:SJIJ (2/16/2023, 9:11:16 PM)

After market: 16.6 +0.02 (+0.12%)

16.58

+0.56 (+3.5%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)02-22 2023-02-22/amc
Earnings (Next)05-02 2023-05-02/amc
Inst OwnersN/A
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap2.03B
Analysts49.33
Price Target19.78 (19.3%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.47%
Yearly Dividend1.21
Dividend Growth(5Y)2.61%
DP92.56%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)106.85%
Min EPS beat(2)-1.43%
Max EPS beat(2)215.12%
EPS beat(4)3
Avg EPS beat(4)56.51%
Min EPS beat(4)-1.43%
Max EPS beat(4)215.12%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)52.95%
Min Revenue beat(2)52.11%
Max Revenue beat(2)53.8%
Revenue beat(4)4
Avg Revenue beat(4)37.39%
Min Revenue beat(4)16.92%
Max Revenue beat(4)53.8%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)16.02%
EPS NQ rev (1m)0.28%
EPS NQ rev (3m)0.28%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.96%
Revenue NQ rev (1m)-1.17%
Revenue NQ rev (3m)-1.17%
Revenue NY rev (1m)0%
Revenue NY rev (3m)5.2%
Valuation
Industry RankSector Rank
PE 9.75
Fwd PE 9.09
P/S 0.79
P/FCF N/A
P/OCF 5.43
P/B 0.99
P/tB 1.51
EV/EBITDA 9.94
EPS(TTM)1.7
EY10.25%
EPS(NY)1.82
Fwd EY11.01%
FCF(TTM)-2.02
FCFYN/A
OCF(TTM)3.05
OCFY18.42%
SpS21.11
BVpS16.76
TBVpS10.98
PEG (NY)3.26
PEG (5Y)2.45
Profitability
Industry RankSector Rank
ROA 1.95%
ROE 7.54%
ROCE N/A
ROIC 4.12%
ROICexc 4.15%
ROICexgc 4.62%
OM 13.52%
PM (TTM) 5.99%
GM 30.15%
FCFM N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)4.28%
ROIC(5y)N/A
ROICexc(3y)3.78%
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3Y5.44%
ROICexcg growth 5Y-1.67%
ROICexc growth 3Y7.53%
ROICexc growth 5Y-3.77%
OM growth 3Y13.89%
OM growth 5Y-1.33%
PM growth 3Y60.06%
PM growth 5Y-17.34%
GM growth 3Y1.44%
GM growth 5Y-3.11%
F-Score7
Asset Turnover0.33
Health
Industry RankSector Rank
Debt/Equity 1.74
Debt/FCF N/A
Debt/EBITDA 6.77
Cap/Depr 293.63%
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.7
Quick Ratio 0.59
Altman-Z 0.68
F-Score7
WACC5.78%
ROIC/WACC0.71
Cap/Depr(3y)304.83%
Cap/Depr(5y)278.44%
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-1.73%
EPS 3Y5.24%
EPS 5Y3.99%
EPS Q2Q%-5.88%
EPS Next Y2.99%
EPS Next 2Y3.91%
EPS Next 3Y4.69%
EPS Next 5Y3.84%
Revenue 1Y (TTM)40.66%
Revenue growth 3Y6.67%
Revenue growth 5Y13.96%
Sales Q2Q%66.43%
Revenue Next Year33.17%
Revenue Next 2Y12.56%
Revenue Next 3Y8.14%
Revenue Next 5Y5.82%
EBIT growth 1Y15.84%
EBIT growth 3Y21.49%
EBIT growth 5Y12.45%
EBIT Next Year58.98%
EBIT Next 3Y25.98%
EBIT Next 5Y18.01%
FCF growth 1Y-4.25%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y47.34%
OCF growth 3Y23.9%
OCF growth 5Y0.79%