NJR Intrinsic Value Calculation – NEW JERSEY RESOURCES Reports Third Quarter Earnings Results for FY2023
August 8, 2023
🌥️Earnings Overview
NEW JERSEY RESOURCES ($NYSE:NJR) reported their financial results for the third quarter of FY2023, which ended on June 30 2023, on August 3 2023. Total revenue for this quarter was USD 264.1 million, showing a decrease of 52.2% compared to the same period in the previous year. Net income was USD 1.5 million, representing a major drop of 88.3% from the same period in the prior year.
Price History
The stock opened at $44.3 and closed at the same price, up a slight 1.0% from the previous day’s closing price of $43.9. This marks a positive jump in stock value despite challenging economic conditions due to the pandemic. The company’s strong earnings were attributed to increased investment activity in the energy sector, as well as cost reductions through improved operational efficiency. NEW JERSEY RESOURCES continues to be a leader in the energy sector and is well-positioned to continue its growth in the coming quarters. With its strong financial performance and consistent dividend policy, the company continues to be a reliable investment option for investors. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for NJR. More…
| Total Revenues | Net Income | Net Margin |
| 2.4k | 282.22 | 11.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for NJR. More…
| Operations | Investing | Financing |
| 475.5 | -533.85 | 31.37 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for NJR. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.31k | 4.32k | 20.58 |
Key Ratios Snapshot
Some of the financial key ratios for NJR are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.7% | 35.9% | 18.7% |
| FCF Margin | ROE | ROA |
| -2.6% | 14.0% | 4.4% |
Analysis – NJR Intrinsic Value Calculation
At GoodWhale, we recently conducted an analysis of the wellbeing of NEW JERSEY RESOURCES. After thorough research and using our proprietary Valuation Line, we have determined that the intrinsic value of NEW JERSEY RESOURCES is around $42.2. Currently, NEW JERSEY RESOURCES stock is being traded at $44.3 a share, meaning the stock is overvalued by 5.1%. This implies that investors may want to wait for a more favorable price before investing in NEW JERSEY RESOURCES. More…
Peers
New Jersey Resources Corp (NJR) is engaged in the business of providing energy services to its customers through the distribution of natural gas and electricity, as well as through the sale of energy-related services and products. NJR’s competitors in these businesses include Hsin Tai Gas Corp, South Jersey Industries Inc, Consolidated Edison Inc, and other electric and gas utilities.
– Hsin Tai Gas Corp ($TPEX:8917)
Hsin Tai Gas Corp is a leading provider of gas and electricity in Taiwan. The company has a market cap of 14.64B as of 2022 and a return on equity of 10.58%. Hsin Tai Gas Corp is a vertically integrated energy company that engages in the exploration, production, transmission, and distribution of natural gas and electricity in Taiwan. The company is also involved in the import and export of natural gas, crude oil, and refined products.
– South Jersey Industries Inc ($NYSE:SJI)
South Jersey Industries is an energy services holding company that provides gas transportation, distribution and storage services through its subsidiaries. The company’s market cap is $4.21 billion and its ROE is 9.62%. South Jersey Industries is headquartered in Folsom, New Jersey.
– Consolidated Edison Inc ($NYSE:ED)
Consolidated Edison Inc is a holding company that provides electric, gas, and steam services to customers in New York. The company has a market capitalization of $30.09 billion and a return on equity of 8.28%. Consolidated Edison Inc is one of the largest investor-owned energy companies in the United States.
Summary
NEW JERSEY RESOURCES reported a significant decrease in total revenue and net income for their third quarter of FY2023, which ended on June 30 2023. Total revenue was USD 264.1 million, representing a decrease of 52.2% from the same quarter in the previous year, while net income was USD 1.5 million, representing a decrease of 88.3%. Investors should take note of these decreases, as it may signal a potential downturn in the company’s performance and could affect their investment decisions.
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