NJR Stock Fair Value – NJR: A Stock to Consider for Long-Term Investment Growth
December 29, 2023
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New Jersey Resources ($NYSE:NJR) (NJR) is an ideal stock option for those looking for long-term growth in their investments. NJR is a publicly traded utility holding company based in Wall, New Jersey. The company provides natural gas, electricity, and clean energy services to customers throughout the state of New Jersey. NJR is well known for their commitment to providing safe, reliable, and affordable energy services. They understand the importance of investing in the future and have built a strong portfolio of assets to ensure long-term investment growth. NJR’s portfolio consists of diverse energy assets that enable the company to offer a wide range of services. These include their natural gas utility, NJR Energy Services, which provides residential, commercial, and industrial customers with natural gas services.
Additionally, they are a leading investor in the renewable energy space with investments in solar, wind, and other clean energy solutions. The company has a long history of delivering strong financial performance. Furthermore, NJR has a solid balance sheet and minimal debt, making it an attractive option for those looking to make long-term investments. Overall, NJR is an excellent stock to consider for those looking to invest in long-term growth. The company’s commitment to reliable energy services and their diverse energy portfolio makes it an attractive option for both short and long-term investments. With a strong financial record and low debt levels, NJR is a great choice for those looking for a stable stock to add to their portfolios.
Stock Price
On Tuesday, the stock opened at $45.0 and closed at $44.8, representing a slight decrease of 0.5% from the previous closing price of 45.1. The stock has seen steady and moderate gains over the past several months, indicating that it is a reliable choice for investors seeking to build their portfolios and experience steady, sustained growth. NJR has proven itself to be a reliable, low-risk investment option for investors looking for long-term returns. 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 |
| 1.96k | 264.72 | 13.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for NJR. More…
| Operations | Investing | Financing |
| 478.99 | -538.62 | 59.7 |
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 |
| 6.54k | 4.55k | 20.4 |
Key Ratios Snapshot
Some of the financial key ratios for NJR are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 0.2% | 23.4% | 22.1% |
| FCF Margin | ROE | ROA |
| -3.2% | 13.6% | 4.1% |
Analysis – NJR Stock Fair Value
At GoodWhale, we have conducted an in-depth analysis of NEW JERSEY RESOURCES’s fundamentals. According to our proprietary Valuation Line, we have computed the intrinsic value of NEW JERSEY RESOURCES share to be approximately $48.2. Currently, NEW JERSEY RESOURCES stock is trading at $44.8, which we consider to be a fair price. This is slightly undervalued by 7.0%. More…
Peers
New Jersey Resources Corp (NJR) is engaged in the business of providing energy services to its customers through the distribution of natural gas and electricity, as well as through the sale of energy-related services and products. NJR’s competitors in these businesses include Hsin Tai Gas Corp, South Jersey Industries Inc, Consolidated Edison Inc, and other electric and gas utilities.
– Hsin Tai Gas Corp ($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 (NJR) is a diversified energy services holding company with a strong focus on long-term growth. The company has a leading position in the midstream natural gas market in the U.S., owning and operating a well-established network of pipelines and other infrastructure. NJR’s financials are strong, with a history of consistent performance and positive cash flow. The company has a proven track record of making prudent investments, with the goal of providing value to shareholders. In terms of potential upside, NJR is well-positioned to benefit from increased demand for natural gas and other energy products in the years ahead.
In addition, the company is actively involved in renewable energy projects, providing further potential for growth. Accordingly, investors looking for long-term capital appreciation may want to consider adding New Jersey Resources to their portfolio.
