NWN Intrinsic Stock Value – NORTHWEST NATURAL HOLDING Reports Second Quarter FY2023 Earnings Results
August 22, 2023
☀️Earnings Overview
NORTHWEST NATURAL HOLDING ($NYSE:NWN) announced its earnings for the second quarter of FY2023 on June 30th, 2023. Total revenue came in at USD 237.9 million, a 22.0% increase compared to the same quarter of the previous year. Unfortunately, net income declined by 27.9%, amounting to USD 1.2 million.
Stock Price
On that day, the company’s stock opened at $42.2 and closed at $42.5, up by 1.0% from the prior closing price of $42.1. The company’s earnings report showed increases in both revenue and earnings compared to the prior year quarter. The company has released several new initiatives to help it accomplish this goal, including investments in renewable energy and energy efficiency programs.
The company also plans to increase its use of natural gas as a fuel source, as well as partnering with other businesses to implement clean energy solutions. Overall, NORTHWEST NATURAL HOLDING showed strong performance in the second quarter of FY2023, and the company’s future initiatives are a strong indication that it will continue to be successful in the years ahead. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for NWN. More…
| Total Revenues | Net Income | Net Margin |
| 1.19k | 101.26 | 8.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for NWN. More…
| Operations | Investing | Financing |
| 248.96 | -417.31 | 293.4 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for NWN. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.54k | 3.3k | 34.49 |
Key Ratios Snapshot
Some of the financial key ratios for NWN are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 16.3% | 12.3% | 17.1% |
| FCF Margin | ROE | ROA |
| -5.7% | 10.2% | 2.8% |
Analysis – NWN Intrinsic Stock Value
After analyzing NORTHWEST NATURAL HOLDING’s fundamentals, we at GoodWhale have conducted an assessment of the company’s stock. Our proprietary Valuation Line has determined that the fair value of a single share of NORTHWEST NATURAL HOLDING is around $57.2. However, the current market rate for a single share is only $42.5, meaning that NORTHWEST NATURAL HOLDING is currently undervalued by 25.7%. We believe this to be a great opportunity for investors to capitalize on. More…
Peers
Its competitors include RGC Resources Inc, ONE Gas Inc, and Indraprastha Gas Ltd. The company has a strong market position and is well-positioned to continue its growth.
– RGC Resources Inc ($NASDAQ:RGCO)
RGC Resources is a diversified energy services company that provides natural gas and electricity to residential, commercial, and industrial customers in Virginia, North Carolina, and South Carolina. The company also provides energy-related products and services to customers in Virginia and North Carolina. RGC Resources has a market cap of 206.32M as of 2022, a Return on Equity of -13.92%. The company has been in operation for over 100 years and is headquartered in Roanoke, Virginia.
– ONE Gas Inc ($NYSE:OGS)
Natl Gas Co is a holding company, which engages in the distribution of natural gas. It operates through the following segments: Natural Gas and Others. The Natural Gas segment offers natural gas to residential, commercial and industrial customers. The Others segment includes activities of the Company’s subsidiaries in the electricity, water and waste industries. The company was founded on December 28, 1922 and is headquartered in Buenos Aires, Argentina.
– Indraprastha Gas Ltd ($BSE:532514)
Indraprastha Gas Ltd (IGL) is an Indian natural gas distribution company. It is engaged in the business of marketing and distributing natural gas in the National Capital Region of India. IGL also has a city gas distribution network in the cities of Agra and Kanpur. The company has a customer base of over 2.6 million customers.
IGL has a market capitalization of Rs 296.1 billion as of March 31, 2022. The company has a return on equity of 17.79%. IGL is a leading player in the city gas distribution market in India. The company has a strong presence in the National Capital Region of India, with a customer base of over 2.6 million customers.
Summary
NORTHWEST NATURAL HOLDING reported its earnings for the second quarter of FY2023, showing total revenue of USD 237.9 million, a 22.0% increase on the same period in the prior year. Net income for the quarter, however, decreased by 27.9%, to USD 1.2 million. Investors should monitor NW Natural Holding’s performance for clues as to how the company is faring in this difficult economic landscape. Looking ahead, investors should gauge how well the company is managing expenses to maintain profitability in order to make informed investing decisions.
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