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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 : 6/10

vs
industry
vs
history
Cash to Debt 0.01
PNM's Cash to Debt is ranked lower than
52% of the 1067 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 0.21 vs. PNM: 0.01 )
PNM' s 10-Year Cash to Debt Range
Min: 0   Max: 0.12
Current: 0.01

0
0.12
Equity to Asset 0.30
PNM's Equity to Asset is ranked higher than
67% of the 1068 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 0.33 vs. PNM: 0.30 )
PNM' s 10-Year Equity to Asset Range
Min: 0.25   Max: 0.35
Current: 0.3

0.25
0.35
Interest Coverage 2.51
PNM's Interest Coverage is ranked higher than
60% of the 568 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 3.62 vs. PNM: 2.51 )
PNM' s 10-Year Interest Coverage Range
Min: 1.04   Max: 4.8
Current: 2.51

1.04
4.8
F-Score: 7
Z-Score: 0.85
M-Score: -2.76
WACC vs ROIC
4.93%
5.37%
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
86% of the 1100 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 13.02 vs. PNM: 20.87 )
PNM' s 10-Year Operating margin (%) Range
Min: -11.73   Max: 20.87
Current: 20.87

-11.73
20.87
Net-margin (%) 8.13
PNM's Net-margin (%) is ranked higher than
76% of the 1100 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 7.70 vs. PNM: 8.13 )
PNM' s 10-Year Net-margin (%) Range
Min: -13.78   Max: 10.4
Current: 8.13

-13.78
10.4
ROE (%) 6.89
PNM's ROE (%) is ranked higher than
69% of the 1099 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 9.18 vs. PNM: 6.89 )
PNM' s 10-Year ROE (%) Range
Min: -16.18   Max: 15.33
Current: 6.89

-16.18
15.33
ROA (%) 2.07
PNM's ROA (%) is ranked higher than
66% of the 1117 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 2.96 vs. PNM: 2.07 )
PNM' s 10-Year ROA (%) Range
Min: -4.49   Max: 5.17
Current: 2.07

-4.49
5.17
ROC (Joel Greenblatt) (%) 7.08
PNM's ROC (Joel Greenblatt) (%) is ranked higher than
69% of the 1114 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 8.73 vs. PNM: 7.08 )
PNM' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -7.39   Max: 18.37
Current: 7.08

-7.39
18.37
Revenue Growth (3Y)(%) -1.90
PNM's Revenue Growth (3Y)(%) is ranked higher than
61% of the 940 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 2.60 vs. PNM: -1.90 )
PNM' s 10-Year Revenue Growth (3Y)(%) Range
Min: -13.5   Max: 29.7
Current: -1.9

-13.5
29.7
EBITDA Growth (3Y)(%) -2.20
PNM's EBITDA Growth (3Y)(%) is ranked higher than
68% of the 911 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.70 vs. PNM: -2.20 )
PNM' s 10-Year EBITDA Growth (3Y)(%) Range
Min: -14.9   Max: 32.3
Current: -2.2

-14.9
32.3
EPS Growth (3Y)(%) -9.60
PNM's EPS Growth (3Y)(%) is ranked higher than
63% of the 816 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 4.20 vs. PNM: -9.60 )
PNM' s 10-Year EPS Growth (3Y)(%) Range
Min: -27.6   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

Q1 2014

PNM Guru Trades in Q1 2014

Steven Cohen 10,792 sh (New)
Pioneer Investments 984,555 sh (+3.03%)
Chuck Royce 638,900 sh (unchged)
Jim Simons 527,100 sh (-0.58%)
Mario Gabelli 2,959,150 sh (-0.65%)
John Keeley 734,734 sh (-2.77%)
» More
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
» 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) 19.40
PNM's P/E(ttm) is ranked higher than
74% of the 1227 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 21.70 vs. PNM: 19.40 )
PNM' s 10-Year P/E(ttm) Range
Min: 7.94   Max: 158.48
Current: 19.4

7.94
158.48
Forward P/E 15.90
PNM's Forward P/E is ranked higher than
77% of the 1227 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 23.64 vs. PNM: 15.90 )
N/A
PE(NRI) 19.70
PNM's PE(NRI) is ranked higher than
79% of the 1227 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 21.50 vs. PNM: 19.70 )
PNM' s 10-Year PE(NRI) Range
Min: 7.96   Max: 38.83
Current: 19.7

7.96
38.83
P/B 1.30
PNM's P/B is ranked higher than
79% of the 1227 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.71 vs. PNM: 1.30 )
PNM' s 10-Year P/B Range
Min: 0.32   Max: 1.57
Current: 1.3

0.32
1.57
P/S 1.57
PNM's P/S is ranked higher than
61% of the 1227 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.60 vs. PNM: 1.57 )
PNM' s 10-Year P/S Range
Min: 0.27   Max: 1.71
Current: 1.57

0.27
1.71
POCF 5.54
PNM's POCF is ranked higher than
88% of the 1227 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 8.76 vs. PNM: 5.54 )
PNM' s 10-Year POCF Range
Min: 3.55   Max: 25.55
Current: 5.54

3.55
25.55
EV-to-EBIT 14.73
PNM's EV-to-EBIT is ranked higher than
84% of the 1227 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 18.88 vs. PNM: 14.73 )
PNM' s 10-Year EV-to-EBIT Range
Min: -27.6   Max: 446.7
Current: 14.73

-27.6
446.7
PEG 1.41
PNM's PEG is ranked higher than
95% of the 1227 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 0.00 vs. PNM: 1.41 )
PNM' s 10-Year PEG Range
Min: 0.52   Max: 29.76
Current: 1.41

0.52
29.76
Shiller P/E 23.70
PNM's Shiller P/E is ranked higher than
77% of the 1227 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 60.87 vs. PNM: 23.70 )
PNM' s 10-Year Shiller P/E Range
Min: 7.46   Max: 88.43
Current: 23.7

7.46
88.43
Current Ratio 0.61
PNM's Current Ratio is ranked higher than
55% of the 1085 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.10 vs. PNM: 0.61 )
PNM' s 10-Year Current Ratio Range
Min: 0.38   Max: 1.75
Current: 0.61

0.38
1.75
Quick Ratio 0.52
PNM's Quick Ratio is ranked higher than
56% of the 1085 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.00 vs. PNM: 0.52 )
PNM' s 10-Year Quick Ratio Range
Min: 0.36   Max: 1.53
Current: 0.52

0.36
1.53
Days Inventory 31.94
PNM's Days Inventory is ranked higher than
74% of the 1227 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 31.94 vs. PNM: 31.94 )
PNM' s 10-Year Days Inventory Range
Min: 11.09   Max: 99.27
Current: 31.94

11.09
99.27
Days Sales Outstanding 22.13
PNM's Days Sales Outstanding is ranked higher than
95% of the 1227 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 65.58 vs. PNM: 22.13 )
PNM' s 10-Year Days Sales Outstanding Range
Min: 18.84   Max: 90.15
Current: 22.13

18.84
90.15

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 2.74
PNM's Dividend Yield is ranked lower than
60% of the 966 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 3.25 vs. PNM: 2.74 )
PNM' s 10-Year Dividend Yield Range
Min: 2.29   Max: 9.86
Current: 2.74

2.29
9.86
Dividend Payout 0.51
PNM's Dividend Payout is ranked higher than
81% of the 1227 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 0.82 vs. PNM: 0.51 )
PNM' s 10-Year Dividend Payout Range
Min: 0.21   Max: 0.95
Current: 0.51

0.21
0.95
Dividend growth (3y) 14.00
PNM's Dividend growth (3y) is ranked higher than
90% of the 666 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 3.10 vs. PNM: 14.00 )
PNM' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 30.5
Current: 14

0
30.5
Yield on cost (5-Year) 4.04
PNM's Yield on cost (5-Year) is ranked higher than
59% of the 973 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 3.58 vs. PNM: 4.04 )
PNM' s 10-Year Yield on cost (5-Year) Range
Min: 3.43   Max: 14.76
Current: 4.04

3.43
14.76
Share Buyback Rate 3.70
PNM's Share Buyback Rate is ranked higher than
96% of the 678 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: -1.30 vs. PNM: 3.70 )
PNM' s 10-Year Share Buyback Rate Range
Min: 4.3   Max: -9.1
Current: 3.7

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.60
PNM's Price/Tangible Book is ranked higher than
82% of the 1227 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 2.50 vs. PNM: 1.60 )
PNM' s 10-Year Price/Tangible Book Range
Min: 0.54   Max: 2.64
Current: 1.6

0.54
2.64
Price/DCF (Projected) 2.40
PNM's Price/DCF (Projected) is ranked higher than
83% of the 1227 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 14.20 vs. PNM: 2.40 )
PNM' s 10-Year Price/DCF (Projected) Range
Min: 0.41   Max: 16.15
Current: 2.4

0.41
16.15
Price/Median PS Value 1.70
PNM's Price/Median PS Value is ranked higher than
57% of the 1227 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.20 vs. PNM: 1.70 )
PNM' s 10-Year Price/Median PS Value Range
Min: 0.46   Max: 1.76
Current: 1.7

0.46
1.76
Price/Peter Lynch Fair Value 1.20
PNM's Price/Peter Lynch Fair Value is ranked higher than
96% of the 1227 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 0.00 vs. PNM: 1.20 )
PNM' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.57   Max: 2.86
Current: 1.2

0.57
2.86
Price/Graham Number 1.10
PNM's Price/Graham Number is ranked higher than
87% of the 1227 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.80 vs. PNM: 1.10 )
PNM' s 10-Year Price/Graham Number Range
Min: 0.52   Max: 1.62
Current: 1.1

0.52
1.62
Earnings Yield (Greenblatt) 6.80
PNM's Earnings Yield (Greenblatt) is ranked higher than
80% of the 1101 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 5.70 vs. PNM: 6.80 )
PNM' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.2   Max: 8.6
Current: 6.8

0.2
8.6
Forward Rate of Return (Yacktman) 16.22
PNM's Forward Rate of Return (Yacktman) is ranked higher than
92% of the 690 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 2.93 vs. PNM: 16.22 )
PNM' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -33.9   Max: 34.1
Current: 16.22

-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 

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