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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
55% of the 902 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
68% of the 913 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 0.34 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
63% of the 556 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: 5
Z-Score: 0.87
M-Score: -2.79
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 (%) 19.65
PNM's Operating margin (%) is ranked higher than
86% of the 934 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 13.25 vs. PNM: 19.65 )
PNM' s 10-Year Operating margin (%) Range
Min: -11.73   Max: 21.59
Current: 19.65

-11.73
21.59
Net-margin (%) 7.47
PNM's Net-margin (%) is ranked higher than
76% of the 934 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 7.84 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 931 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 8.72 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 940 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 2.92 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) (%) 6.70
PNM's ROC (Joel Greenblatt) (%) is ranked higher than
72% of the 938 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 8.53 vs. PNM: 6.70 )
PNM' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -7.39   Max: 18.11
Current: 6.7

-7.39
18.11
Revenue Growth (%) -1.90
PNM's Revenue Growth (%) is ranked higher than
64% of the 817 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 4.20 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 789 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 2.20 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

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)
Joel Greenblatt Sold Out
Donald Smith 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
Q3 2014

PNM Guru Trades in Q3 2014

Chuck Royce 638,900 sh (unchged)
Mario Gabelli 2,940,750 sh (-0.12%)
Pioneer Investments 868,126 sh (-0.66%)
John Keeley 540,436 sh (-1.25%)
Jim Simons 441,700 sh (-14.53%)
» 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 $ 29.25%547256
Donald Smith 2013-12-31 Sold Out 0.11%$22.21 - $24.28 $ 29.225%0
Joel Greenblatt 2013-12-31 Sold Out 0.03%$22.21 - $24.28 $ 29.225%0
Donald Smith 2013-09-30 Reduce -55.8%0.14%$21.25 - $24.29 $ 29.228%231806
Joel Greenblatt 2013-09-30 New Buy0.03%$21.25 - $24.29 $ 29.228%34678
Donald Smith 2013-06-30 Reduce -23.16%0.08%$21.35 - $24.01 $ 29.228%524485
Joel Greenblatt 2013-06-30 Sold Out 0.03%$21.35 - $24.01 $ 29.228%0
John Keeley 2013-03-31 Reduce -23.61%0.1%$20.28 - $23.29 $ 29.234%740210
Joel Greenblatt 2013-03-31 New Buy0.03%$20.28 - $23.29 $ 29.234%27344
Joel Greenblatt 2012-12-31 Sold Out 0.02%$20.05 - $22.32 $ 29.238%0
John Keeley 2012-09-30 Add 4077.8%0.42%$19.76 - $21.42 $ 29.242%924547
Joel Greenblatt 2012-09-30 Reduce -24%0.01%$19.76 - $21.42 $ 29.242%11829
Richard Pzena 2012-06-30 Sold Out 0.09%$17.83 - $19.65 $ 29.258%0
Joel Greenblatt 2012-06-30 New Buy0.02%$17.83 - $19.65 $ 29.258%15564
John Keeley 2012-06-30 New Buy0.01%$17.83 - $19.65 $ 29.258%22130
Donald Smith 2011-12-31 Reduce -62.34%0.95%$16.07 - $18.83 $ 29.263%957251
Ray Dalio 2011-12-31 Sold Out 0.02%$16.07 - $18.83 $ 29.263%0
Donald Smith 2011-09-30 Reduce -44.64%1.11%$13.21 - $17.06 $ 29.290%2541928
Richard Pzena 2011-09-30 Reduce -65.16%0.16%$13.21 - $17.06 $ 29.290%547475
Ray Dalio 2011-09-30 New Buy0.02%$13.21 - $17.06 $ 29.291%84100
Premium More recent guru trades are included for Premium Members only!!
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Ratios

vs
industry
vs
history
P/E(ttm) 22.40
PNM's P/E(ttm) is ranked higher than
76% of the 985 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 20.50 vs. PNM: 22.40 )
PNM' s 10-Year P/E(ttm) Range
Min: 7.94   Max: 158.48
Current: 22.4

7.94
158.48
P/B 1.30
PNM's P/B is ranked higher than
84% of the 985 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.61 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 1.70
PNM's P/S is ranked higher than
77% of the 985 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.60 vs. PNM: 1.70 )
PNM' s 10-Year P/S Range
Min: 0.27   Max: 1.7
Current: 1.7

0.27
1.7
EV-to-EBIT 15.57
PNM's EV-to-EBIT is ranked higher than
83% of the 985 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 18.35 vs. PNM: 15.57 )
PNM' s 10-Year EV-to-EBIT Range
Min: -27.6   Max: 446.7
Current: 15.57

-27.6
446.7
PEG 1.26
PNM's PEG is ranked higher than
93% of the 985 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 9999.00 vs. PNM: 1.26 )
PNM' s 10-Year PEG Range
Min: 0.52   Max: 29.76
Current: 1.26

0.52
29.76
Shiller P/E 29.20
PNM's Shiller P/E is ranked higher than
79% of the 985 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 24.26 vs. PNM: 29.20 )
PNM' s 10-Year Shiller P/E Range
Min: 7.46   Max: 88.43
Current: 29.2

7.46
88.43
Current Ratio 0.67
PNM's Current Ratio is ranked higher than
61% of the 931 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.06 vs. PNM: 0.67 )
PNM' s 10-Year Current Ratio Range
Min: 0.38   Max: 2.27
Current: 0.67

0.38
2.27
Quick Ratio 0.58
PNM's Quick Ratio is ranked higher than
63% of the 931 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 0.93 vs. PNM: 0.58 )
PNM' s 10-Year Quick Ratio Range
Min: 0.36   Max: 2.13
Current: 0.58

0.36
2.13

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 2.50
PNM's Dividend Yield is ranked lower than
62% of the 825 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 3.16 vs. PNM: 2.50 )
PNM' s 10-Year Dividend Yield Range
Min: 2.29   Max: 9.86
Current: 2.5

2.29
9.86
Dividend Payout 0.55
PNM's Dividend Payout is ranked higher than
74% of the 985 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 0.69 vs. PNM: 0.55 )
PNM' s 10-Year Dividend Payout Range
Min: 0.09   Max: 9.25
Current: 0.55

0.09
9.25
Dividend growth (3y) 8.60
PNM's Dividend growth (3y) is ranked higher than
88% of the 606 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) 3.39
PNM's Yield on cost (5-Year) is ranked higher than
52% of the 831 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 3.41 vs. PNM: 3.39 )
PNM' s 10-Year Yield on cost (5-Year) Range
Min: 3.11   Max: 13.38
Current: 3.39

3.11
13.38
Share Buyback Rate 4.20
PNM's Share Buyback Rate is ranked higher than
96% of the 612 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 1.60
PNM's Price/Tangible Book is ranked higher than
86% of the 985 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 2.34 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) 2.50
PNM's Price/DCF (Projected) is ranked higher than
82% of the 985 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 3.47 vs. PNM: 2.50 )
PNM' s 10-Year Price/DCF (Projected) Range
Min: 0.34   Max: 260.43
Current: 2.5

0.34
260.43
Price/Median PS Value 1.80
PNM's Price/Median PS Value is ranked higher than
62% of the 985 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.06 vs. PNM: 1.80 )
PNM' s 10-Year Price/Median PS Value Range
Min: 0.4   Max: 1.85
Current: 1.8

0.4
1.85
Price/Peter Lynch Fair Value 1.40
PNM's Price/Peter Lynch Fair Value is ranked higher than
95% of the 985 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 9999.00 vs. PNM: 1.40 )
PNM' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.45   Max: 3.85
Current: 1.4

0.45
3.85
Price/Graham Number 1.20
PNM's Price/Graham Number is ranked higher than
85% of the 985 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.61 vs. PNM: 1.20 )
PNM' s 10-Year Price/Graham Number Range
Min: 0.48   Max: 2.47
Current: 1.2

0.48
2.47
Earnings Yield (Greenblatt) 6.40
PNM's Earnings Yield (Greenblatt) is ranked higher than
82% of the 919 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 5.80 vs. PNM: 6.40 )
PNM' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.2   Max: 8.6
Current: 6.4

0.2
8.6
Forward Rate of Return (Yacktman) 15.99
PNM's Forward Rate of Return (Yacktman) is ranked higher than
92% of the 673 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 4.17 vs. PNM: 15.99 )
PNM' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -33.9   Max: 34.1
Current: 15.99

-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

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Addendum to: Investing in Western Utility Stocks - Do Today’s Valuations Make Sense? Part 2 Jul 31 2012 
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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 INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a... Dec 17 2014
PNM RESOURCES INC Files SEC form 8-K, Change in Directors or Principal Officers Dec 15 2014
PNM Resources Announces 2015 Ongoing Earnings Guidance Range Dec 15 2014
PNM Resources Unit Files for Rate Increase in New Mexico Dec 12 2014
PNM Seeks Proposals for the Construction of Combustion Turbine Generator Equipment Dec 12 2014
PNM Resources’ New Mexico Utility Files for Electric Rate Increase, Comprehensive Rate... Dec 11 2014
PNM Resources (PNM) Hikes Annual Dividend Rate by 8.1% Dec 10 2014
PNM Resources Board Increases Dividend Payment, Declares Quarterly Common Stock Dividend Dec 09 2014
PNM Resources to Announce 2015 Ongoing Earnings Guidance Dec. 15 Dec 08 2014
PNM Declares Preferred Dividend Dec 04 2014
PNM Declares Preferred Dividend Dec 04 2014
PNM Resources Management to Meet with Investors Nov 10 2014
PNM Resources Management to Meet with Investors Nov 10 2014
PNM Resources Earnings Call scheduled for 11:00 am ET today Oct 31 2014
PNM Resources Reports Third Quarter Results Oct 31 2014
PNM Resources beats 3Q profit forecasts Oct 31 2014
PNM Resources beats 3Q profit forecasts Oct 31 2014
PNM RESOURCES INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial... Oct 31 2014
PNM Resources Reports Third Quarter Results Oct 31 2014
Q3 2014 PNM Resources Earnings Release - 07:30 am ET Oct 31 2014

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