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Also traded in: Germany

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
Equity to Asset 0.26
NYSE:PNM's Equity to Asset is ranked lower than
72% of the 632 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 0.35 vs. NYSE:PNM: 0.26 )
Ranked among companies with meaningful Equity to Asset only.
NYSE:PNM' s Equity to Asset Range Over the Past 10 Years
Min: 0.23  Med: 0.32 Max: 0.37
Current: 0.26
0.23
0.37
Interest Coverage 0.90
NYSE:PNM's Interest Coverage is ranked lower than
93% of the 588 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 5.18 vs. NYSE:PNM: 0.90 )
Ranked among companies with meaningful Interest Coverage only.
NYSE:PNM' s Interest Coverage Range Over the Past 10 Years
Min: 0.9  Med: 1.91 Max: 2.51
Current: 0.9
0.9
2.51
F-Score: 5
Z-Score: 0.72
M-Score: -3.09
WACC vs ROIC
3.40%
1.70%
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 : 5/10

vs
industry
vs
history
Operating margin (%) 7.88
NYSE:PNM's Operating margin (%) is ranked lower than
64% of the 640 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 12.50 vs. NYSE:PNM: 7.88 )
Ranked among companies with meaningful Operating margin (%) only.
NYSE:PNM' s Operating margin (%) Range Over the Past 10 Years
Min: -11.73  Med: 13.52 Max: 20.87
Current: 7.88
-11.73
20.87
Net-margin (%) 0.56
NYSE:PNM's Net-margin (%) is ranked lower than
79% of the 640 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 7.28 vs. NYSE:PNM: 0.56 )
Ranked among companies with meaningful Net-margin (%) only.
NYSE:PNM' s Net-margin (%) Range Over the Past 10 Years
Min: -13.78  Med: 6.72 Max: 10.4
Current: 0.56
-13.78
10.4
ROE (%) 0.43
NYSE:PNM's ROE (%) is ranked lower than
81% of the 636 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 8.21 vs. NYSE:PNM: 0.43 )
Ranked among companies with meaningful ROE (%) only.
NYSE:PNM' s ROE (%) Range Over the Past 10 Years
Min: -16.21  Med: 6.38 Max: 10.95
Current: 0.43
-16.21
10.95
ROA (%) 0.13
NYSE:PNM's ROA (%) is ranked lower than
81% of the 650 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 2.93 vs. NYSE:PNM: 0.13 )
Ranked among companies with meaningful ROA (%) only.
NYSE:PNM' s ROA (%) Range Over the Past 10 Years
Min: -4.49  Med: 1.94 Max: 3.39
Current: 0.13
-4.49
3.39
ROC (Joel Greenblatt) (%) 3.26
NYSE:PNM's ROC (Joel Greenblatt) (%) is ranked lower than
82% of the 646 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 9.60 vs. NYSE:PNM: 3.26 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
NYSE:PNM' s ROC (Joel Greenblatt) (%) Range Over the Past 10 Years
Min: -8.22  Med: 6.92 Max: 11.71
Current: 3.26
-8.22
11.71
Revenue Growth (3Y)(%) 2.50
NYSE:PNM's Revenue Growth (3Y)(%) is ranked higher than
53% of the 575 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 2.00 vs. NYSE:PNM: 2.50 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
NYSE:PNM' s Revenue Growth (3Y)(%) Range Over the Past 10 Years
Min: -13.5  Med: -1.9 Max: 29.7
Current: 2.5
-13.5
29.7
EBITDA Growth (3Y)(%) -8.50
NYSE:PNM's EBITDA Growth (3Y)(%) is ranked lower than
83% of the 532 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 4.60 vs. NYSE:PNM: -8.50 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
NYSE:PNM' s EBITDA Growth (3Y)(%) Range Over the Past 10 Years
Min: -14.9  Med: 1.1 Max: 32.3
Current: -8.5
-14.9
32.3
EPS Growth (3Y)(%) -46.60
NYSE:PNM's EPS Growth (3Y)(%) is ranked lower than
96% of the 467 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 4.20 vs. NYSE:PNM: -46.60 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
NYSE:PNM' s EPS Growth (3Y)(%) Range Over the Past 10 Years
Min: -46.6  Med: -9.6 Max: 31.2
Current: -46.6
-46.6
31.2
» NYSE:PNM's 10-Y Financials

Financials (Next Earnings Date: 2016-10-28)


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

» Details

Guru Trades

Q3 2015

PNM Guru Trades in Q3 2015

Keeley Asset Management Corp Sold Out
Paul Tudor Jones Sold Out
Mario Gabelli 2,693,950 sh (-6.60%)
Jim Simons 483,200 sh (-30.20%)
» More
Q4 2015

PNM Guru Trades in Q4 2015

Jim Simons 536,100 sh (+10.95%)
Mario Gabelli 2,692,150 sh (-0.07%)
» More
Q1 2016

PNM Guru Trades in Q1 2016

Paul Tudor Jones 6,000 sh (New)
Joel Greenblatt 183,089 sh (New)
NWQ Managers 849,260 sh (New)
RS Investment Management 703,120 sh (New)
Jim Simons 848,800 sh (+58.33%)
Mario Gabelli 2,608,300 sh (-3.11%)
» More
Q2 2016

PNM Guru Trades in Q2 2016

Steven Cohen 81,600 sh (New)
Joel Greenblatt Sold Out
Paul Tudor Jones Sold Out
NWQ Managers 848,555 sh (-0.08%)
RS Investment Management 696,060 sh (-1.00%)
Mario Gabelli 2,570,400 sh (-1.45%)
Jim Simons 782,000 sh (-7.87%)
» More
» Details

Insider Trades

Latest Guru Trades with PNM

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Business Description

Industry: Utilities - Regulated » Utilities - Regulated Electric
Compare:OTCPK:MERVF, OTCPK:HKEPF, NYSE:NYLD.A, NYSE:ALE, OTCPK:VETTF, OTCPK:RELFF, OTCPK:EQUEY, NYSE:CNL, NYSE:HE, NYSE:EE, OTCPK:IESFY, NAS:ABY, NYSE:EOCA, NYSE:POR, OTCPK:CPXWF, OTCPK:HFSUF, NYSE:EDE, NYSE:IDA, OTCPK:COELF, NYSE:GXP » details
Traded in other countries:98P.Germany,
PNM Resources Inc is an investor-owned holding company with two regulated utilities providing electricity and electric services in New Mexico and Texas. Its electric utilities are PNM and TNMP.

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' faces competition from other utilities 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.

Ratios

vs
industry
vs
history
P/E(ttm) 383.44
PNM's P/E(ttm) is ranked lower than
99% of the 533 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 17.00 vs. PNM: 383.44 )
Ranked among companies with meaningful P/E(ttm) only.
PNM' s P/E(ttm) Range Over the Past 10 Years
Min: 8.21  Med: 19.46 Max: 392
Current: 383.44
8.21
392
Forward P/E 18.76
PNM's Forward P/E is ranked lower than
57% of the 129 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 17.89 vs. PNM: 18.76 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 383.44
PNM's PE(NRI) is ranked lower than
99% of the 532 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 17.00 vs. PNM: 383.44 )
Ranked among companies with meaningful PE(NRI) only.
PNM' s PE(NRI) Range Over the Past 10 Years
Min: 8.21  Med: 20.47 Max: 392
Current: 383.44
8.21
392
P/B 1.65
PNM's P/B is ranked lower than
52% of the 632 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.59 vs. PNM: 1.65 )
Ranked among companies with meaningful P/B only.
PNM' s P/B Range Over the Past 10 Years
Min: 0.32  Med: 1.07 Max: 1.69
Current: 1.65
0.32
1.69
P/S 2.00
PNM's P/S is ranked lower than
58% of the 622 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.55 vs. PNM: 2.00 )
Ranked among companies with meaningful P/S only.
PNM' s P/S Range Over the Past 10 Years
Min: 0.27  Med: 1.01 Max: 2.05
Current: 2
0.27
2.05
POCF 6.92
PNM's POCF is ranked higher than
51% of the 400 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 7.12 vs. PNM: 6.92 )
Ranked among companies with meaningful POCF only.
PNM' s POCF Range Over the Past 10 Years
Min: 3.56  Med: 6.34 Max: 24.26
Current: 6.92
3.56
24.26
EV-to-EBIT 35.77
PNM's EV-to-EBIT is ranked lower than
88% of the 559 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 15.32 vs. PNM: 35.77 )
Ranked among companies with meaningful EV-to-EBIT only.
PNM' s EV-to-EBIT Range Over the Past 10 Years
Min: -22.2  Med: 13.8 Max: 74.1
Current: 35.77
-22.2
74.1
EV-to-EBITDA 14.37
PNM's EV-to-EBITDA is ranked lower than
73% of the 584 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 10.46 vs. PNM: 14.37 )
Ranked among companies with meaningful EV-to-EBITDA only.
PNM' s EV-to-EBITDA Range Over the Past 10 Years
Min: -35.5  Med: 8.45 Max: 89.4
Current: 14.37
-35.5
89.4
PEG 48.53
PNM's PEG is ranked lower than
97% of the 277 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 2.86 vs. PNM: 48.53 )
Ranked among companies with meaningful PEG only.
PNM' s PEG Range Over the Past 10 Years
Min: 0.52  Med: 3.78 Max: 158.33
Current: 48.53
0.52
158.33
Shiller P/E 52.01
PNM's Shiller P/E is ranked lower than
86% of the 202 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 24.45 vs. PNM: 52.01 )
Ranked among companies with meaningful Shiller P/E only.
PNM' s Shiller P/E Range Over the Past 10 Years
Min: 4.96  Med: 21.09 Max: 53.45
Current: 52.01
4.96
53.45
Current Ratio 0.58
PNM's Current Ratio is ranked lower than
83% of the 631 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.06 vs. PNM: 0.58 )
Ranked among companies with meaningful Current Ratio only.
PNM' s Current Ratio Range Over the Past 10 Years
Min: 0.38  Med: 0.95 Max: 2.27
Current: 0.58
0.38
2.27
Quick Ratio 0.48
PNM's Quick Ratio is ranked lower than
83% of the 631 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 0.98 vs. PNM: 0.48 )
Ranked among companies with meaningful Quick Ratio only.
PNM' s Quick Ratio Range Over the Past 10 Years
Min: 0.36  Med: 0.81 Max: 2.13
Current: 0.48
0.36
2.13
Days Inventory 46.12
PNM's Days Inventory is ranked lower than
72% of the 558 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 22.07 vs. PNM: 46.12 )
Ranked among companies with meaningful Days Inventory only.
PNM' s Days Inventory Range Over the Past 10 Years
Min: 11.09  Med: 20.12 Max: 46.12
Current: 46.12
11.09
46.12
Days Sales Outstanding 20.00
PNM's Days Sales Outstanding is ranked higher than
91% of the 445 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 46.70 vs. PNM: 20.00 )
Ranked among companies with meaningful Days Sales Outstanding only.
PNM' s Days Sales Outstanding Range Over the Past 10 Years
Min: 18.84  Med: 23.44 Max: 25.62
Current: 20
18.84
25.62
Days Payable 47.50
PNM's Days Payable is ranked lower than
64% of the 406 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 67.44 vs. PNM: 47.50 )
Ranked among companies with meaningful Days Payable only.
PNM' s Days Payable Range Over the Past 10 Years
Min: 36.49  Med: 48.86 Max: 65.82
Current: 47.5
36.49
65.82

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 2.49
PNM's Dividend Yield is ranked lower than
68% of the 923 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 3.38 vs. PNM: 2.49 )
Ranked among companies with meaningful Dividend Yield only.
PNM' s Dividend Yield Range Over the Past 10 Years
Min: 2.38  Med: 2.95 Max: 9.86
Current: 2.49
2.38
9.86
Dividend Payout 9.33
PNM's Dividend Payout is ranked lower than
99% of the 555 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 9999.00 vs. PNM: 9.33 )
Ranked among companies with meaningful Dividend Payout only.
PNM' s Dividend Payout Range Over the Past 10 Years
Min: 0.1  Med: 0.5 Max: 12.5
Current: 9.33
0.1
12.5
Dividend Growth (3y) 12.60
PNM's Dividend Growth (3y) is ranked higher than
75% of the 355 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 3.10 vs. PNM: 12.60 )
Ranked among companies with meaningful Dividend Growth (3y) only.
PNM' s Dividend Growth (3y) Range Over the Past 10 Years
Min: -18.1  Med: 5.9 Max: 30.5
Current: 12.6
-18.1
30.5
Forward Dividend Yield 2.55
PNM's Forward Dividend Yield is ranked lower than
71% of the 884 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 3.52 vs. PNM: 2.55 )
Ranked among companies with meaningful Forward Dividend Yield only.
N/A
Yield on cost (5-Year) 4.21
PNM's Yield on cost (5-Year) is ranked higher than
50% of the 922 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 4.21 vs. PNM: 4.21 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
PNM' s Yield on cost (5-Year) Range Over the Past 10 Years
Min: 4.01  Med: 4.97 Max: 16.61
Current: 4.21
4.01
16.61

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.98
PNM's Price/Tangible Book is ranked lower than
52% of the 580 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.95 vs. PNM: 1.98 )
Ranked among companies with meaningful Price/Tangible Book only.
PNM' s Price/Tangible Book Range Over the Past 10 Years
Min: 0.54  Med: 1.13 Max: 2.66
Current: 1.98
0.54
2.66
Price/Projected FCF 4.24
PNM's Price/Projected FCF is ranked lower than
80% of the 291 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.66 vs. PNM: 4.24 )
Ranked among companies with meaningful Price/Projected FCF only.
PNM' s Price/Projected FCF Range Over the Past 10 Years
Min: 0.34  Med: 1.45 Max: 124.33
Current: 4.24
0.34
124.33
Price/Median PS Value 1.99
PNM's Price/Median PS Value is ranked lower than
87% of the 567 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.11 vs. PNM: 1.99 )
Ranked among companies with meaningful Price/Median PS Value only.
PNM' s Price/Median PS Value Range Over the Past 10 Years
Min: 0.35  Med: 0.81 Max: 2.04
Current: 1.99
0.35
2.04
Price/Graham Number 5.81
PNM's Price/Graham Number is ranked lower than
97% of the 461 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 9999.00 vs. PNM: 5.81 )
Ranked among companies with meaningful Price/Graham Number only.
PNM' s Price/Graham Number Range Over the Past 10 Years
Min: 0.49  Med: 0.92 Max: 5.97
Current: 5.81
0.49
5.97
Earnings Yield (Greenblatt) (%) 2.80
PNM's Earnings Yield (Greenblatt) (%) is ranked lower than
77% of the 639 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 6.10 vs. PNM: 2.80 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
PNM' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: 1.3  Med: 7.2 Max: 13.9
Current: 2.8
1.3
13.9
Forward Rate of Return (Yacktman) (%) -0.58
PNM's Forward Rate of Return (Yacktman) (%) is ranked lower than
62% of the 384 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 2.55 vs. PNM: -0.58 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) (%) only.
PNM' s Forward Rate of Return (Yacktman) (%) Range Over the Past 10 Years
Min: -30.4  Med: -3.6 Max: 34.1
Current: -0.58
-30.4
34.1

More Statistics

Revenue (TTM) (Mil) $1,380
EPS (TTM) $ 0.09
Beta0.23
Short Percentage of Float3.90%
52-Week Range $25.92 - 36.15
Shares Outstanding (Mil)79.65

Analyst Estimate

Dec16 Dec17 Dec18 Dec19
Revenue (Mil $) 1,472 1,532 1,577
EPS ($) 1.59 1.83 2.00 2.11
EPS w/o NRI ($) 1.59 1.83 2.00 2.11
EPS Growth Rate
(3Y to 5Y Estimate)
5.40%
Dividends Per Share ($) 0.88 0.98 1.10 1.16
» More Articles for NYSE:PNM

Headlines

Articles On GuruFocus.com
Mario Gabelli Comments on PNM Resources Inc. Jun 09 2016 
Mario Gabelli Comments on PNM Resources Inc. Nov 11 2015 
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 
Weekly Guru Bargains Highlights: CIT Group Inc., AutoNation Inc., Allied Capital Corp., Liz Claiborn Jul 07 2008 

More From Other Websites
PNM Resources, Inc. – Value Analysis (NYSE:PNM) : September 22, 2016 Sep 22 2016
Positive Regulatory Relations A Plus For PNM Resources Sep 22 2016
PNM Resources Management to Meet with Investors Sep 22 2016
PNM Resources, Inc. breached its 50 day moving average in a Bullish Manner : PNM-US : September 21,... Sep 21 2016
PNM Resources Board Declares Quarterly Common Stock Dividend Sep 20 2016
5 Unusual Analyst Upgrades From This Tuesday Sep 20 2016
PNM Resources upgraded by Jefferies Sep 20 2016
PNM Resources Applauds Facebook Selection of New Mexico as Site for New Data Center Sep 14 2016
PNM Resources Management to Meet with Investors Sep 14 2016
PNM Declares Preferred Dividend Sep 09 2016
PNM RESOURCES INC Files SEC form 8-K, Other Events, Financial Statements and Exhibits Aug 30 2016
PNM Seeks NMPRC Ruling in Rate Case Aug 29 2016
PNM rate case could be reopened Aug 25 2016
NMPRC Orders Extension in PNM General Rate Case Schedule Aug 24 2016
Energy storage summit brings big hitters to NM Aug 23 2016
Utah energy plan for Facebook data center sails through Aug 18 2016
PNM gets go-ahead on Facebook energy plan Aug 17 2016
PNM RESOURCES INC Financials Aug 17 2016
PNM Resources Management to Meet with Investors Aug 17 2016
ETF’s with exposure to PNM Resources, Inc. : August 16, 2016 Aug 16 2016

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