PNM Resources Inc
NYSE:PNM

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PNM Resources Inc Logo
PNM Resources Inc
NYSE:PNM
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Price: 43.25 USD -0.96% Market Closed
Market Cap: 3.9B USD
Section:
Relative Value
Relative Value
Valuation Multiples
Multiples Across Competitors
See Also

Relative Value

The Relative Value of one PNM stock under the Base Case scenario is 104.49 USD. Compared to the current market price of 43.25 USD, PNM Resources Inc is Undervalued by 59%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

PNM Relative Value
Base Case
104.49 USD
Undervaluation 59%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

2.1
P/S
P/S
Price to Sales
2.1
vs History
25
vs Industry
39
Median 3Y
1.9
Median 5Y
2
Industry
1.7
Forward
1.8
More Details
47.2
P/E
P/E
Price to Earnings
47.2
vs History
6
vs Industry
7
Median 3Y
24.6
Median 5Y
22.8
Industry
15
Forward
15.7
More Details
7.6
P/OCF
P/OCF
Price to OCF
7.6
vs History
11
vs Industry
38
Median 3Y
6.6
Median 5Y
6.7
Industry
6.9
More Details
Negative
P/FCFE
P/FCFE
Price to FCFE
N/A
vs History
vs Industry
Median 3Y
-7.2
Median 5Y
-8.6
Industry
14.1
More Details
1.6
P/B
P/B
Price to Book Value
1.6
vs History
57
vs Industry
37
Median 3Y
1.7
Median 5Y
1.7
Industry
1.4
More Details
4.6
EV/S
EV/S
Enterprise Value to Sales
4.6
vs History
1
vs Industry
29
Median 3Y
4
Median 5Y
4
Industry
2.8
Forward
4
More Details
N/A
EV/GP
EV/GP
Enterprise Value to Gross Profit
N/A
vs History
vs Industry
Median 3Y
0
Median 5Y
0
Industry
7.4
More Details
12.7
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
12.7
vs History
1
vs Industry
31
Median 3Y
11.4
Median 5Y
11.3
Industry
10.4
Forward
10.5
More Details
28.5
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
28.5
vs History
1
vs Industry
15
Median 3Y
23
Median 5Y
22.5
Industry
14.9
Forward
18.9
More Details
16.6
EV/OCF
EV/OCF
Enterprise Value to OCF
16.6
vs History
1
vs Industry
24
Median 3Y
14.2
Median 5Y
13.6
Industry
10.9
More Details
Negative
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
N/A
vs History
vs Industry
Median 3Y
-15.6
Median 5Y
-19
Industry
17
More Details
0.8
EV/IC
EV/IC
Enterprise Value to IC
0.8
vs History
36
vs Industry
49
Median 3Y
0.8
Median 5Y
0.8
Industry
0.9
More Details

Multiples Across Competitors

PNM Competitors Multiples
PNM Resources Inc Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
Market Cap P/S P/E EV/EBITDA EV/EBIT
US
PNM Resources Inc
NYSE:PNM
3.9B USD 2.1 47.2 12.7 28.5
US
Nextera Energy Inc
NYSE:NEE
136.1B USD 5.4 24.7 16.2 29.2
ES
Iberdrola SA
MAD:IBE
96.6B EUR 2.2 17.2 7.4 12.3
US
Southern Co
NYSE:SO
99.4B USD 3.7 22.6 12.9 22.5
US
Duke Energy Corp
NYSE:DUK
93B USD 3.1 21.1 12 21.7
IT
Enel SpA
MIL:ENEL
76.5B EUR 1 10.9 6.2 9.7
US
Constellation Energy Corp
NASDAQ:CEG
69.8B USD 3 18.6 10.6 17.3
US
American Electric Power Company Inc
NASDAQ:AEP
56.9B USD 2.9 19.2 12.5 22.1
FR
Electricite de France SA
PAR:EDF
46.6B EUR 0.3 -2.5 -5.4 -3.2
US
Exelon Corp
NASDAQ:EXC
46.5B USD 2 18.9 11.6 21.2
US
Xcel Energy Inc
NASDAQ:XEL
39.6B USD 2.9 20.5 12.8 28.3
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
US
PNM Resources Inc
NYSE:PNM
Average EV/EBITDA: 11.5
12.7
15%
0.8
US
Nextera Energy Inc
NYSE:NEE
16.2
19%
0.9
ES
Iberdrola SA
MAD:IBE
7.4
0%
N/A
US
Southern Co
NYSE:SO
12.9
7%
1.8
US
Duke Energy Corp
NYSE:DUK
12
7%
1.7
IT
Enel SpA
MIL:ENEL
6.2
7%
0.9
US
Constellation Energy Corp
NASDAQ:CEG
10.6
-5%
N/A
US
American Electric Power Company Inc
NASDAQ:AEP
12.5
11%
1.1
FR
Electricite de France SA
PAR:EDF
Negative Multiple: -5.4 N/A N/A
US
Exelon Corp
NASDAQ:EXC
11.6
9%
1.3
US
Xcel Energy Inc
NASDAQ:XEL
12.8
14%
0.9
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
US
PNM Resources Inc
NYSE:PNM
Average EV/EBIT: 21.3
28.5
24%
1.2
US
Nextera Energy Inc
NYSE:NEE
29.2
24%
1.2
ES
Iberdrola SA
MAD:IBE
12.3
1%
12.3
US
Southern Co
NYSE:SO
22.5
6%
3.7
US
Duke Energy Corp
NYSE:DUK
21.7
8%
2.7
IT
Enel SpA
MIL:ENEL
9.7
7%
1.4
US
Constellation Energy Corp
NASDAQ:CEG
17.3
2%
8.7
US
American Electric Power Company Inc
NASDAQ:AEP
22.1
13%
1.7
FR
Electricite de France SA
PAR:EDF
Negative Multiple: -3.2 N/A N/A
US
Exelon Corp
NASDAQ:EXC
21.2
9%
2.4
US
Xcel Energy Inc
NASDAQ:XEL
28.3
22%
1.3

See Also

Summary
PNM intrinsic value, competitors valuation, and company profile.
DCF Valuation
PNM stock valuation using Discount Cash Flow valuation method.
Relative Valuation
PNM stock valuation using valuation multiples.
Wall Street Estimates
PNM price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
PNM stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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