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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 : 5/10

vs
industry
vs
history
Cash to Debt 0.01
PNM's Cash to Debt is ranked higher than
52% of the 826 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 0.20 vs. PNM: 0.01 )
PNM' s 10-Year Cash to Debt Range
Min: 0   Max: 0.27
Current: 0.01

0
0.27
Equity to Asset 0.30
PNM's Equity to Asset is ranked higher than
66% of the 824 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 0.35 vs. PNM: 0.30 )
PNM' s 10-Year Equity to Asset Range
Min: 0.23   Max: 0.37
Current: 0.3

0.23
0.37
Interest Coverage 2.36
PNM's Interest Coverage is ranked higher than
64% of the 533 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 3.47 vs. PNM: 2.36 )
PNM' s 10-Year Interest Coverage Range
Min: 1.04   Max: 4.8
Current: 2.36

1.04
4.8
F-Score: 6
Z-Score: 0.90
M-Score: -2.74
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 : 5/10

vs
industry
vs
history
Operating margin (%) 19.91
PNM's Operating margin (%) is ranked higher than
86% of the 848 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 13.18 vs. PNM: 19.91 )
PNM' s 10-Year Operating margin (%) Range
Min: -11.73   Max: 21.59
Current: 19.91

-11.73
21.59
Net-margin (%) 7.47
PNM's Net-margin (%) is ranked higher than
76% of the 848 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 7.59 vs. PNM: 7.47 )
PNM' s 10-Year Net-margin (%) Range
Min: -13.78   Max: 10.4
Current: 7.47

-13.78
10.4
ROE (%) 6.26
PNM's ROE (%) is ranked higher than
70% of the 845 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 8.83 vs. PNM: 6.26 )
PNM' s 10-Year ROE (%) Range
Min: -16.18   Max: 15.33
Current: 6.26

-16.18
15.33
ROA (%) 1.90
PNM's ROA (%) is ranked higher than
68% of the 854 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 2.96 vs. PNM: 1.90 )
PNM' s 10-Year ROA (%) Range
Min: -4.49   Max: 5.17
Current: 1.9

-4.49
5.17
ROC (Joel Greenblatt) (%) 6.84
PNM's ROC (Joel Greenblatt) (%) is ranked higher than
72% of the 852 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 8.35 vs. PNM: 6.84 )
PNM' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -7.39   Max: 18.11
Current: 6.84

-7.39
18.11
Revenue Growth (%) -1.90
PNM's Revenue Growth (%) is ranked higher than
64% of the 753 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 4.40 vs. PNM: -1.90 )
PNM' s 10-Year Revenue Growth (%) Range
Min: -13.5   Max: 29.7
Current: -1.9

-13.5
29.7
EBITDA Growth (%) 32.30
PNM's EBITDA Growth (%) is ranked higher than
96% of the 726 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 2.10 vs. PNM: 32.30 )
PNM' s 10-Year EBITDA Growth (%) Range
Min: -14.9   Max: 32.3
Current: 32.3

-14.9
32.3
» PNM's 10-Y Financials

Financials


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

» Details

Guru Trades

Q3 2013

PNM Guru Trades in Q3 2013

Joel Greenblatt 34,678 sh (New)
Jim Simons 505,300 sh (+33.01%)
John Keeley 729,930 sh (+2.42%)
Chuck Royce 638,900 sh (unchged)
Paul Tudor Jones Sold Out
Steven Cohen Sold Out
Mario Gabelli 2,996,150 sh (-0.7%)
Pioneer Investments 760,890 sh (-24.96%)
Donald Smith 231,806 sh (-55.8%)
» More
Q4 2013

PNM Guru Trades in Q4 2013

Pioneer Investments 955,564 sh (+25.59%)
Jim Simons 530,200 sh (+4.93%)
John Keeley 755,668 sh (+3.53%)
Chuck Royce 638,900 sh (unchged)
Donald Smith Sold Out
Joel Greenblatt Sold Out
Mario Gabelli 2,978,450 sh (-0.59%)
» More
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 (-0.5%)
Jim Simons 516,800 sh (-1.95%)
Pioneer Investments 873,934 sh (-11.24%)
John Keeley 547,256 sh (-25.52%)
» 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%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
John Keeley 2014-06-30 Reduce -25.52%0.09%$26.28 - $29.01 $ 27.68-1%547256
Donald Smith 2013-12-31 Sold Out 0.11%$22.21 - $24.28 $ 27.6818%0
Joel Greenblatt 2013-12-31 Sold Out 0.03%$22.21 - $24.28 $ 27.6818%0
Donald Smith 2013-09-30 Reduce -55.8%0.14%$21.25 - $24.29 $ 27.6822%231806
Joel Greenblatt 2013-09-30 New Buy0.03%$21.25 - $24.29 $ 27.6822%34678
Donald Smith 2013-06-30 Reduce -23.16%0.08%$21.35 - $24.01 $ 27.6821%524485
Joel Greenblatt 2013-06-30 Sold Out 0.03%$21.35 - $24.01 $ 27.6821%0
John Keeley 2013-03-31 Reduce -23.61%0.1%$20.28 - $23.29 $ 27.6827%740210
Joel Greenblatt 2013-03-31 New Buy0.03%$20.28 - $23.29 $ 27.6827%27344
Joel Greenblatt 2012-12-31 Sold Out 0.02%$20.05 - $22.32 $ 27.6831%0
John Keeley 2012-09-30 Add 4077.8%0.42%$19.76 - $21.42 $ 27.6835%924547
Joel Greenblatt 2012-09-30 Reduce -24%0.01%$19.76 - $21.42 $ 27.6835%11829
Richard Pzena 2012-06-30 Sold Out 0.09%$17.83 - $19.65 $ 27.6850%0
Joel Greenblatt 2012-06-30 New Buy0.02%$17.83 - $19.65 $ 27.6850%15564
John Keeley 2012-06-30 New Buy0.01%$17.83 - $19.65 $ 27.6850%22130
Donald Smith 2011-12-31 Reduce -62.34%0.95%$16.07 - $18.83 $ 27.6855%957251
Ray Dalio 2011-12-31 Sold Out 0.02%$16.07 - $18.83 $ 27.6855%0
Donald Smith 2011-09-30 Reduce -44.64%1.11%$13.21 - $17.06 $ 27.6880%2541928
Richard Pzena 2011-09-30 Reduce -65.16%0.16%$13.21 - $17.06 $ 27.6880%547475
Ray Dalio 2011-09-30 New Buy0.02%$13.21 - $17.06 $ 27.6881%84100
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» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Ratios

vs
industry
vs
history
P/E(ttm) 21.40
PNM's P/E(ttm) is ranked higher than
71% of the 893 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 20.10 vs. PNM: 21.40 )
PNM' s 10-Year P/E(ttm) Range
Min: 7.94   Max: 158.48
Current: 21.4

7.94
158.48
P/B 1.30
PNM's P/B is ranked higher than
78% of the 893 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.55 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 1.59
PNM's P/S is ranked higher than
69% of the 893 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.60 vs. PNM: 1.59 )
PNM' s 10-Year P/S Range
Min: 0.27   Max: 1.67
Current: 1.59

0.27
1.67
EV-to-EBIT 15.29
PNM's EV-to-EBIT is ranked higher than
83% of the 893 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 17.62 vs. PNM: 15.29 )
PNM' s 10-Year EV-to-EBIT Range
Min: 11.6   Max: 446.7
Current: 15.29

11.6
446.7
PEG 1.22
PNM's PEG is ranked higher than
94% of the 893 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 9999.00 vs. PNM: 1.22 )
PNM' s 10-Year PEG Range
Min: 0.52   Max: 132.54
Current: 1.22

0.52
132.54
Shiller P/E 31.34
PNM's Shiller P/E is ranked higher than
62% of the 893 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 22.91 vs. PNM: 31.34 )
PNM' s 10-Year Shiller P/E Range
Min: 7.52   Max: 88.43
Current: 31.34

7.52
88.43
Current Ratio 0.92
PNM's Current Ratio is ranked higher than
71% of the 844 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.02 vs. PNM: 0.92 )
PNM' s 10-Year Current Ratio Range
Min: 0.38   Max: 2.27
Current: 0.92

0.38
2.27
Quick Ratio 0.79
PNM's Quick Ratio is ranked higher than
72% of the 844 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 0.92 vs. PNM: 0.79 )
PNM' s 10-Year Quick Ratio Range
Min: 0.36   Max: 2.13
Current: 0.79

0.36
2.13

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 2.60
PNM's Dividend Yield is ranked lower than
62% of the 748 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 3.20 vs. PNM: 2.60 )
PNM' s 10-Year Dividend Yield Range
Min: 2.29   Max: 9.86
Current: 2.6

2.29
9.86
Dividend Payout 0.54
PNM's Dividend Payout is ranked higher than
76% of the 893 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 0.72 vs. PNM: 0.54 )
PNM' s 10-Year Dividend Payout Range
Min: 0.09   Max: 9.25
Current: 0.54

0.09
9.25
Dividend growth (3y) 8.60
PNM's Dividend growth (3y) is ranked higher than
88% of the 563 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 2.60 vs. PNM: 8.60 )
PNM' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 30.5
Current: 8.6

0
30.5
Yield on cost (5-Year) 3.53
PNM's Yield on cost (5-Year) is ranked higher than
53% of the 754 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 3.43 vs. PNM: 3.53 )
PNM' s 10-Year Yield on cost (5-Year) Range
Min: 3.11   Max: 13.38
Current: 3.53

3.11
13.38
Share Buyback Rate 4.20
PNM's Share Buyback Rate is ranked higher than
96% of the 586 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: -1.60 vs. PNM: 4.20 )
PNM' s 10-Year Share Buyback Rate Range
Min: 4.3   Max: -9.1
Current: 4.2

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.56
PNM's Price/Tangible Book is ranked higher than
85% of the 893 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 2.25 vs. PNM: 1.56 )
PNM' s 10-Year Price/Tangible Book Range
Min: 0.54   Max: 2.64
Current: 1.56

0.54
2.64
Price/DCF (Projected) 2.84
PNM's Price/DCF (Projected) is ranked higher than
79% of the 893 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 3.22 vs. PNM: 2.84 )
PNM' s 10-Year Price/DCF (Projected) Range
Min: 0.34   Max: 124.33
Current: 2.84

0.34
124.33
Price/Median PS Value 1.82
PNM's Price/Median PS Value is ranked higher than
61% of the 893 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.05 vs. PNM: 1.82 )
PNM' s 10-Year Price/Median PS Value Range
Min: 0.41   Max: 1.89
Current: 1.82

0.41
1.89
Price/Peter Lynch Fair Value 1.18
PNM's Price/Peter Lynch Fair Value is ranked higher than
94% of the 893 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 9999.00 vs. PNM: 1.18 )
PNM' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.26   Max: 3.37
Current: 1.18

0.26
3.37
Price/Graham Number 1.13
PNM's Price/Graham Number is ranked higher than
85% of the 893 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.57 vs. PNM: 1.13 )
PNM' s 10-Year Price/Graham Number Range
Min: 0.48   Max: 2.47
Current: 1.13

0.48
2.47
Earnings Yield (Greenblatt) 6.50
PNM's Earnings Yield (Greenblatt) is ranked higher than
77% of the 733 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 6.50 vs. PNM: 6.50 )
PNM' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.2   Max: 8.6
Current: 6.5

0.2
8.6
Forward Rate of Return (Yacktman) 16.32
PNM's Forward Rate of Return (Yacktman) is ranked higher than
91% of the 733 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 4.55 vs. PNM: 16.32 )
PNM' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -18.3   Max: 31.2
Current: 16.32

-18.3
31.2

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's three primary subsidiaries are PNM, TNMP and First Choice. PNM was incorporated in the State of New Mexico in 1917. PNMR is an investor-owned holding company of energy and energy-related businesses. PNM is an integrated public utility with regulated and unregulated operations primarily engaged in the generation, transmission and distribution of electricity, transmission, distribution and sale of natural gas within New Mexico, and unregulated operations primarily focused on the sale and marketing of electricity in the western United States. TNMP is a regulated utility operating in Texas and New Mexico. In Texas, TNMP provides regulated transmission and distribution services. In New Mexico, TNMP provides integrated electric services that include the transmission, distribution, purchase and sale of electricity. First Choice is a competitive retail electric provider operating in Texas. In addition, PNMR provides energy and technology related services through its wholly owned subsidiary, Avistar. PNM Electric is an electric utility whose operations consists of generation, transmission and distribution of electricity for retail electric customers in New Mexico and the sale of transmission to third parties as well as to PNM Wholesale and TNMP. PNM Electric provides retail electric service to a large area of north central New Mexico, including the cities of Albuquerque and Santa Fe, and certain other areas of New Mexico. TNMP Electric consists of the operations of TNMP. TNMP is a regulated utility operating in Texas and New Mexico. PNM Gas distributes natural gas to most of the major communities in New Mexico, including Albuquerque and Santa Fe. PNM Wholesale consists of the generation and sale of electricity into the wholesale market based on two product lines, long-term contracts and short-term sales. The source of these sales is supply created by selling the unused capacity of PNM's jurisdictional assets as well as the capacity of PNM's wholesale plants excluded from retail rates. First Choice is a certified retail electric provider operating in Texas, which allows it to provide electricity to residential, small and large commercial, industrial and institutional customers. PNMR Services Company provides corporate services to PNMR and to all of PNMR's business units, including PNM, Avistar, TNP, TNMP and First Choice based on shared services agreements. The Company has sources of power from property it owns or leases and power purchased through various long-term PPAs. PNM and TNMP, in common with other electric and gas utilities, faces stringent laws and regulations for protection of the environment by local, state, federal and tribal authorities.
» 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 upgraded by Argus Oct 20 2014
PNM Resources to Announce 2014 Third Quarter Earnings on Oct. 31 Oct 17 2014
PNM Resources to Announce 2014 Third Quarter Earnings on Oct. 31 Oct 17 2014
PNM Resources Management to Meet with Investors Oct 07 2014
PNM Files Settlement with New Mexico Regulators on San Juan Generating Station Plan Oct 02 2014
EPA Approves Revised State Plan for PNM’s San Juan Generating Station Sep 29 2014
[video] PNM Resources Remains Attractive, But Aloof to Buyout Interest Sep 22 2014
PNM Resources Board Declares Quarterly Common Stock Dividend Sep 16 2014
PNM Declares Preferred Dividend Sep 12 2014
PNM Resources Management to Meet with Investors Sep 09 2014
PNM Resources Management at Power, Utilities, MLP and Pipeline Conference Aug 12 2014
PNM RESOURCES INC Financials Aug 09 2014
PNM RESOURCES INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial... Aug 01 2014
PNM Resources Reports Second Quarter Results Aug 01 2014
Q2 2014 PNM Resources Earnings Release - 07:30 am ET Aug 01 2014
PNM Resources unit closes on Delta Person facility acquisition Jul 21 2014
PNM Resources Management to Meet with Investors Jul 21 2014
PNM Resources to Announce Second Quarter 2014 Earnings on Aug. 1 Jul 18 2014
PNM Resources Board Declares Quarterly Common Stock Dividend Jul 15 2014
PNM RESOURCES INC Files SEC form 8-K, Other Events Jul 02 2014

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