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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 4/10

vs
industry
vs
history
Cash to Debt 0.06
PNM's Cash to Debt is ranked lower than
80% of the 558 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 0.26 vs. PNM: 0.06 )
Ranked among companies with meaningful Cash to Debt only.
PNM' s 10-Year Cash to Debt Range
Min: 0  Med: 0.01 Max: 0.27
Current: 0.06
0
0.27
Equity to Asset 0.29
PNM's Equity to Asset is ranked lower than
65% of the 549 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 0.35 vs. PNM: 0.29 )
Ranked among companies with meaningful Equity to Asset only.
PNM' s 10-Year Equity to Asset Range
Min: 0.23  Med: 0.32 Max: 0.37
Current: 0.29
0.23
0.37
Interest Coverage 2.51
PNM's Interest Coverage is ranked lower than
77% of the 295 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 4.31 vs. PNM: 2.51 )
Ranked among companies with meaningful Interest Coverage only.
PNM' s 10-Year Interest Coverage Range
Min: 1.04  Med: 2.27 Max: 4.8
Current: 2.51
1.04
4.8
F-Score: 7
Z-Score: 0.81
M-Score: -2.65
WACC vs ROIC
5.43%
5.26%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 6/10

vs
industry
vs
history
Operating margin (%) 20.87
PNM's Operating margin (%) is ranked higher than
73% of the 571 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 11.97 vs. PNM: 20.87 )
Ranked among companies with meaningful Operating margin (%) only.
PNM' s 10-Year Operating margin (%) Range
Min: -11.73  Med: 13.27 Max: 20.87
Current: 20.87
-11.73
20.87
Net-margin (%) 8.24
PNM's Net-margin (%) is ranked higher than
54% of the 571 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 7.05 vs. PNM: 8.24 )
Ranked among companies with meaningful Net-margin (%) only.
PNM' s 10-Year Net-margin (%) Range
Min: -13.78  Med: 6.93 Max: 10.4
Current: 8.24
-13.78
10.4
ROE (%) 6.96
PNM's ROE (%) is ranked lower than
60% of the 566 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 8.74 vs. PNM: 6.96 )
Ranked among companies with meaningful ROE (%) only.
PNM' s 10-Year ROE (%) Range
Min: -16.18  Med: 8.06 Max: 15.33
Current: 6.96
-16.18
15.33
ROA (%) 2.08
PNM's ROA (%) is ranked lower than
65% of the 581 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 3.05 vs. PNM: 2.08 )
Ranked among companies with meaningful ROA (%) only.
PNM' s 10-Year ROA (%) Range
Min: -4.49  Med: 2.17 Max: 5.17
Current: 2.08
-4.49
5.17
ROC (Joel Greenblatt) (%) 7.54
PNM's ROC (Joel Greenblatt) (%) is ranked lower than
60% of the 577 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 9.00 vs. PNM: 7.54 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
PNM' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -8.22  Med: 7.61 Max: 18.48
Current: 7.54
-8.22
18.48
Revenue Growth (3Y)(%) -1.90
PNM's Revenue Growth (3Y)(%) is ranked lower than
75% of the 481 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 3.50 vs. PNM: -1.90 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
PNM' s 10-Year Revenue Growth (3Y)(%) Range
Min: -13.5  Med: -1.90 Max: 29.7
Current: -1.9
-13.5
29.7
EBITDA Growth (3Y)(%) -2.20
PNM's EBITDA Growth (3Y)(%) is ranked lower than
64% of the 450 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 2.10 vs. PNM: -2.20 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
PNM' s 10-Year EBITDA Growth (3Y)(%) Range
Min: -14.9  Med: 3.30 Max: 32.3
Current: -2.2
-14.9
32.3
EPS Growth (3Y)(%) -9.60
PNM's EPS Growth (3Y)(%) is ranked lower than
73% of the 406 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 3.60 vs. PNM: -9.60 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
PNM' s 10-Year EPS Growth (3Y)(%) Range
Min: -27.6  Med: -5.80 Max: 31.2
Current: -9.6
-27.6
31.2
» PNM's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q2 2014

PNM Guru Trades in Q2 2014

Chuck Royce 638,900 sh (unchged)
Mario Gabelli 2,944,350 sh (-0.50%)
Jim Simons 516,800 sh (-1.95%)
Pioneer Investments 873,934 sh (-11.24%)
John Keeley 547,256 sh (-25.52%)
» More
Q3 2014

PNM Guru Trades in Q3 2014

Chuck Royce 638,900 sh (unchged)
Pioneer Investments 868,126 sh (unchged)
Mario Gabelli 2,940,750 sh (-0.12%)
John Keeley 540,436 sh (-1.25%)
Jim Simons 441,700 sh (-14.53%)
» More
Q4 2014

PNM Guru Trades in Q4 2014

Paul Tudor Jones 20,826 sh (New)
Jim Simons 498,400 sh (+12.84%)
Mario Gabelli 2,936,300 sh (-0.15%)
Pioneer Investments 866,639 sh (-0.17%)
John Keeley 523,076 sh (-3.21%)
Chuck Royce 319,400 sh (-50.01%)
» More
Q1 2015

PNM Guru Trades in Q1 2015

Jim Simons 551,000 sh (+10.55%)
Chuck Royce 319,400 sh (unchged)
Mario Gabelli 2,921,950 sh (-0.49%)
Pioneer Investments 860,776 sh (-0.68%)
Paul Tudor Jones 9,260 sh (-55.54%)
John Keeley 69,808 sh (-86.65%)
» More
» Details

Insider Trades

Latest Guru Trades with PNM

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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Ratios

vs
industry
vs
history
P/E(ttm) 16.78
PNM's P/E(ttm) is ranked higher than
51% of the 470 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 17.40 vs. PNM: 16.78 )
Ranked among companies with meaningful P/E(ttm) only.
PNM' s 10-Year P/E(ttm) Range
Min: 7.94  Med: 19.05 Max: 158.48
Current: 16.78
7.94
158.48
Forward P/E 15.02
PNM's Forward P/E is ranked lower than
56% of the 262 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 14.53 vs. PNM: 15.02 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 17.00
PNM's PE(NRI) is ranked higher than
50% of the 466 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 17.20 vs. PNM: 17.00 )
Ranked among companies with meaningful PE(NRI) only.
PNM' s 10-Year PE(NRI) Range
Min: 7.96  Med: 19.65 Max: 38.83
Current: 17
7.96
38.83
P/B 1.15
PNM's P/B is ranked higher than
66% of the 562 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.55 vs. PNM: 1.15 )
Ranked among companies with meaningful P/B only.
PNM' s 10-Year P/B Range
Min: 0.32  Med: 1.06 Max: 1.57
Current: 1.15
0.32
1.57
P/S 1.37
PNM's P/S is ranked higher than
51% of the 604 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.41 vs. PNM: 1.37 )
Ranked among companies with meaningful P/S only.
PNM' s 10-Year P/S Range
Min: 0.27  Med: 0.96 Max: 1.71
Current: 1.37
0.27
1.71
POCF 4.89
PNM's POCF is ranked higher than
73% of the 468 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 7.71 vs. PNM: 4.89 )
Ranked among companies with meaningful POCF only.
PNM' s 10-Year POCF Range
Min: 3.55  Med: 6.51 Max: 25.55
Current: 4.89
3.55
25.55
EV-to-EBIT 12.86
PNM's EV-to-EBIT is ranked higher than
61% of the 485 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 14.70 vs. PNM: 12.86 )
Ranked among companies with meaningful EV-to-EBIT only.
PNM' s 10-Year EV-to-EBIT Range
Min: -27.6  Med: 14.90 Max: 446.7
Current: 12.86
-27.6
446.7
PEG 1.21
PNM's PEG is ranked higher than
76% of the 234 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 2.70 vs. PNM: 1.21 )
Ranked among companies with meaningful PEG only.
PNM' s 10-Year PEG Range
Min: 0.52  Med: 1.34 Max: 29.76
Current: 1.21
0.52
29.76
Shiller P/E 23.64
PNM's Shiller P/E is ranked lower than
66% of the 343 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 19.44 vs. PNM: 23.64 )
Ranked among companies with meaningful Shiller P/E only.
PNM' s 10-Year Shiller P/E Range
Min: 7.52  Med: 20.99 Max: 88.43
Current: 23.64
7.52
88.43
Current Ratio 0.73
PNM's Current Ratio is ranked lower than
77% of the 561 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.11 vs. PNM: 0.73 )
Ranked among companies with meaningful Current Ratio only.
PNM' s 10-Year Current Ratio Range
Min: 0.38  Med: 0.96 Max: 2.27
Current: 0.73
0.38
2.27
Quick Ratio 0.63
PNM's Quick Ratio is ranked lower than
76% of the 561 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.03 vs. PNM: 0.63 )
Ranked among companies with meaningful Quick Ratio only.
PNM' s 10-Year Quick Ratio Range
Min: 0.36  Med: 0.86 Max: 2.13
Current: 0.63
0.36
2.13
Days Inventory 32.68
PNM's Days Inventory is ranked lower than
62% of the 508 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 23.47 vs. PNM: 32.68 )
Ranked among companies with meaningful Days Inventory only.
PNM' s 10-Year Days Inventory Range
Min: 11.09  Med: 20.75 Max: 99.27
Current: 32.68
11.09
99.27
Days Sales Outstanding 22.78
PNM's Days Sales Outstanding is ranked higher than
86% of the 458 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 50.66 vs. PNM: 22.78 )
Ranked among companies with meaningful Days Sales Outstanding only.
PNM' s 10-Year Days Sales Outstanding Range
Min: 18.84  Med: 24.68 Max: 90.15
Current: 22.78
18.84
90.15

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 3.12
PNM's Dividend Yield is ranked lower than
64% of the 832 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 3.72 vs. PNM: 3.12 )
Ranked among companies with meaningful Dividend Yield only.
PNM' s 10-Year Dividend Yield Range
Min: 2.29  Med: 2.92 Max: 9.86
Current: 3.12
2.29
9.86
Dividend Payout 0.51
PNM's Dividend Payout is ranked higher than
56% of the 524 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 9999.00 vs. PNM: 0.51 )
Ranked among companies with meaningful Dividend Payout only.
PNM' s 10-Year Dividend Payout Range
Min: 0.09  Med: 0.49 Max: 9.25
Current: 0.51
0.09
9.25
Dividend growth (3y) 14.00
PNM's Dividend growth (3y) is ranked higher than
80% of the 299 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 3.10 vs. PNM: 14.00 )
Ranked among companies with meaningful Dividend growth (3y) only.
PNM' s 10-Year Dividend growth (3y) Range
Min: 0  Med: 4.40 Max: 30.5
Current: 14
0
30.5
Yield on cost (5-Year) 4.67
PNM's Yield on cost (5-Year) is ranked higher than
60% of the 832 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 4.09 vs. PNM: 4.67 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
PNM' s 10-Year Yield on cost (5-Year) Range
Min: 3.43  Med: 4.37 Max: 14.76
Current: 4.67
3.43
14.76
Share Buyback Rate 3.70
PNM's Share Buyback Rate is ranked higher than
90% of the 331 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: -1.40 vs. PNM: 3.70 )
Ranked among companies with meaningful Share Buyback Rate only.
PNM' s 10-Year Share Buyback Rate Range
Min: 4.3  Med: -0.70 Max: -9.1
Current: 3.7

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.38
PNM's Price/Tangible Book is ranked higher than
65% of the 509 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.88 vs. PNM: 1.38 )
Ranked among companies with meaningful Price/Tangible Book only.
PNM' s 10-Year Price/Tangible Book Range
Min: 0.54  Med: 1.11 Max: 2.64
Current: 1.38
0.54
2.64
Price/Projected FCF 1.88
PNM's Price/Projected FCF is ranked lower than
58% of the 284 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.61 vs. PNM: 1.88 )
Ranked among companies with meaningful Price/Projected FCF only.
PNM' s 10-Year Price/Projected FCF Range
Min: 0.34  Med: 1.40 Max: 124.33
Current: 1.88
0.34
124.33
Price/Median PS Value 1.43
PNM's Price/Median PS Value is ranked lower than
78% of the 527 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.08 vs. PNM: 1.43 )
Ranked among companies with meaningful Price/Median PS Value only.
PNM' s 10-Year Price/Median PS Value Range
Min: 0.38  Med: 0.86 Max: 1.78
Current: 1.43
0.38
1.78
Price/Peter Lynch Fair Value 1.04
PNM's Price/Peter Lynch Fair Value is ranked higher than
67% of the 122 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.43 vs. PNM: 1.04 )
Ranked among companies with meaningful Price/Peter Lynch Fair Value only.
PNM' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.45  Med: 1.23 Max: 3.85
Current: 1.04
0.45
3.85
Price/Graham Number 0.95
PNM's Price/Graham Number is ranked higher than
69% of the 398 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.21 vs. PNM: 0.95 )
Ranked among companies with meaningful Price/Graham Number only.
PNM' s 10-Year Price/Graham Number Range
Min: 0.48  Med: 0.81 Max: 2.47
Current: 0.95
0.48
2.47
Earnings Yield (Greenblatt) (%) 7.85
PNM's Earnings Yield (Greenblatt) (%) is ranked higher than
67% of the 575 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 5.90 vs. PNM: 7.85 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
PNM' s 10-Year Earnings Yield (Greenblatt) (%) Range
Min: 0.2  Med: 6.40 Max: 8.6
Current: 7.85
0.2
8.6
Forward Rate of Return (Yacktman) (%) 15.95
PNM's Forward Rate of Return (Yacktman) (%) is ranked higher than
83% of the 351 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 3.05 vs. PNM: 15.95 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) (%) only.
PNM' s 10-Year Forward Rate of Return (Yacktman) (%) Range
Min: -33.9  Med: -4.10 Max: 34.1
Current: 15.95
-33.9
34.1

Business Description

Industry: Utilities - Regulated » Utilities - Regulated Electric
Compare:WR, EE, ENI, NGG, DTE » details
Traded in other countries:98P.Germany,
PNM Resources Inc was incorporated in the State of New Mexico in 2000. The Company is an investor-owned holding company of utilities providing electricity and electric services in New Mexico and Texas. The Company's main utilities include PNM and TNMP. PNM is an electric utility company that provides electric generation, transmission, and distribution service to its rate-regulated customers. In New Mexico, PNM's retail electric service territory covers an area of north central New Mexico, including the cities of Albuquerque, Rio Rancho, and Santa Fe, and certain areas of southern New Mexico. PNM also provides electricity to firm-requirements wholesale customers in New Mexico and Arizona. Other services provided by PNM include transmission services to third parties as well as the generation and sale of electricity into the wholesale market. PNM owns or leases transmission lines, interconnected with other utilities in New Mexico, Texas, Arizona, Colorado, and Utah. TNMP is a regulated utility operating in Texas. TNMP provides transmission and distribution services in Texas under the provisions of TECA and the Texas Public Utility Regulatory Act. TNMP serves a market of small to medium sized communities, which have populations of less than 50,000. TNMP's service territory consists of three non-contiguous areas. TNMP provides transmission and distribution services at regulated rates to various REPs that, in turn, provide retail electric service to consumers within TNMP's service area. The Company's utilities compete with other utilizes in its region as well as rural electric cooperatives and municipal utilities. The Company is subject to numerous federal, state, and local environmental laws and regulations.
» More Articles for PNM

Headlines

Articles On GuruFocus.com
Addendum to: Investing in Western Utility Stocks - Do Today’s Valuations Make Sense? Part 2 Jul 31 2012 
Investing in Western Utility Stocks - Do Today’s Valuations Make Sense? Part 2 Jul 31 2012 
The Best Dividends on March 30, 2012 Mar 29 2012 
PNM Declares Preferred Dividend Sep 14 2009 
PNM Resources Reports Improved 2009 Second-Quarter Earnings Jul 31 2009 
PNM Resources Announces 2008 Earnings Results Feb 06 2009 
Regulators Approve $620 Million Sale of PNM Gas Operations Dec 11 2008 
PNM Resources Board Declares Quarterly Dividends Dec 09 2008 
Weekly Guru Bargains Highlights: CIT Group Inc., AutoNation Inc., Allied Capital Corp., Liz Claiborn Jul 07 2008 

More From Other Websites
PNM Resources Management to Meet with Analysts and Investors Jun 26 2015
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PNM RESOURCES INC Files SEC form 8-K, Entry into a Material Definitive Agreement May 15 2015
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PNM RESOURCES INC Files SEC form 8-K, Other Events May 14 2015
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Agreement addresses coal supply for New Mexico power plant May 01 2015
Agreement addresses coal supply for New Mexico power plant May 01 2015
Today PNM Will File Two Key Agreements with New Mexico Regulators to Secure Longevity of San Juan... May 01 2015
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