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General information

Country: UNITED STATES

Sector: Utilities — Regulated Electric

PNM Resources, Inc., through its subsidiaries, engages in the energy and energy-related businesses in the United States. It operates through Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP) segments. The PNM segment is primarily involved in the generation, transmission, and distribution of electricity. It generates electricity using coal, natural gas and oil, nuclear fuel, solar, wind, and geothermal energy sources. As of December 31, 2018, this segment had owned or leased facilities with a total net generation capacity of 2,102 megawatts; and owned 3,206 miles of electric transmission lines, 6,067 miles of distribution overhead lines, 5,885 miles of underground distribution lines, and 255 substations. It also owns and leases office and other equipment, office space, vehicles, and real estate. The TNMP segment provides regulated transmission and distribution services. As of December 31, 2018, this segment owned 997 miles of overhead electric transmission lines, 7,151 miles of overhead distribution lines, 1,260 miles of underground distribution lines, and 122 substations. It also owns and leases vehicles, service facilities, and office locations throughout its service territory. The company serves approximately 782,000 residential, commercial, and industrial customers, as well as end-users of electricity in New Mexico and Texas...
  • Dividend yield for the last twelve months 3.7%
  • Free cash flow yield -19.5% (LTM)
  • Share price is 20.2% higher than minimum and 15.6% lower than maximum for the last 3 years
  • The company is overvalued by EV / LTM EBITDA multiple compared to target level (15.1x vs
    )

Key Financials (Download financials)

Ticker: PNM
Share price, USD:  (0.0%)41.77
year average price 39.36  


year start price 41.63 2023-12-28

min close price 34.74 2024-02-05

max close price 42.21 2024-08-01

current price 41.77 2024-12-26
Common stocks: 85 834 895

Dividend Yield:  3.7%
FCF Yield LTM: -19.5%
EV / LTM EBITDA: 15.1x
EV / EBITDA annualized: 28.1x
Target EV / EBITDA (hist percentile):
EV / LTM EBITDA mutiple calculation
Market Cap ($m): 3 585
Net Debt ($m): 4 164
EV (Enterprise Value): 7 749
EBITDA LTM ($m): 514
EV / LTM EBITDA: 15.1x
Price to Book: 1.5x

Revenue and EBITDA

Quarterly values ($m)

Change (y/y)

Cash Flow

FCF ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

EV / LTM EBITDA and 75% percentile

Potential dynamics

News


2024-11-26prnewswire.com

PNM and parties file Unopposed Stipulation in 2025 Rate Request

2024-11-25prnewswire.com

PNM files application for new resources in 2028

2024-11-11prnewswire.com

PNM announces plan to join CAISO EDAM regional energy market

2024-10-17prnewswire.com

NMPRC approves PNM Grid Modernization Plan

2024-07-31zacks.com

PNM Resources (PNM) Q2 Earnings Top Estimates, Sales Rise Y/Y

2024-07-31prnewswire.com

PNM Resources Reports Second Quarter 2024 Results

2024-07-22prnewswire.com

PNM Resources (NYSE: PNM) Transitions to TXNM Energy (NYSE: TXNM) with Trading Effective on August 5

2024-07-16prnewswire.com

PNM Resources Board Declares Quarterly Common Stock Dividend

2024-07-08prnewswire.com

PNM Resources to Announce 2024 Second Quarter Earnings on July 31

2024-07-05zacks.com

PNM Resources (PNM) Rides on Clean & Affordable Power Supply
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