A Business at a Glance
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PUBLIC SERVICE CO OF NEW MEXICO
PNMXO
$7.7B
Mkt Cap
$75.00
+0.00%
PUBLIC SERVICE CO OF NEW MEXICO (PNMXO) has a current P/E ratio of 50.7, compared to its historical median P/E of 48.6. The stock is currently considered Fair based on its historical valuation range.
PUBLIC SERVICE CO OF NEW MEXICO (PNMXO) has a 5-year average return on invested capital (ROIC) of 4.9%. This is below average and may indicate limited pricing power.
PUBLIC SERVICE CO OF NEW MEXICO (PNMXO) has a market capitalization of $7.7B. It is classified as a mid-cap stock.
Yes, PUBLIC SERVICE CO OF NEW MEXICO (PNMXO) pays a dividend with a trailing twelve-month yield of 2.13%. The company also returns capital through share buybacks, with a buyback yield of 0.16%.
Based on historical P/E analysis, PUBLIC SERVICE CO OF NEW MEXICO (PNMXO) appears fair. The current P/E of 50.7 is 4% above its historical median of 48.6. The estimated fair value CAGR (P/E method) is 4.4%.
PUBLIC SERVICE CO OF NEW MEXICO (PNMXO) operates in the Electric & Other Services Combined industry, within the Utilities sector.
PUBLIC SERVICE CO OF NEW MEXICO operates in the Electric & Other Services Combined industry, Utilities sector. Full business description from SEC filing not yet available.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 2.2B | 2.2B | 2.0B | 1.9B | 2.2B | 1.8B |
| Net Income | 151M | 151M | 242M | 88M | 170M | 196M |
| EPS | $1.48 | $1.48 | $2.67 | $1.02 | $1.97 | $2.27 |
| Free Cash Flow | -611M | -611M | -739M | -525M | -345M | -387M |
| ROIC | 4.6% | 5.2% | 5.5% | 3.5% | 5.7% | 4.9% |
| Gross Margin | 80.3% | 80.3% | 80.5% | 83.5% | 86.4% | 84.0% |
| Debt/Equity | 1.65 | 1.65 | 2.18 | 2.04 | 1.97 | 1.74 |
| Dividends/Share | $1.60 | $1.60 | $1.55 | $1.47 | $1.39 | $1.31 |
| Operating Income | 441M | 441M | 453M | 231M | 394M | 308M |
| Operating Margin | 20.4% | 20.4% | 23.0% | 11.9% | 17.5% | 17.3% |
| ROE | 4.4% | 5.1% | 9.5% | 3.7% | 7.7% | 9.0% |
| Shares Outstanding | 102M | 102M | 91M | 86M | 86M | 86M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 1.4B | 1.4B | 1.4B | 1.4B | 1.4B | 1.5B | 1.5B | 1.8B | 2.2B | 1.9B | 2.0B | 2.2B | 2.2B |
| Gross Margin | 67.2% | 67.7% | 72.1% | 83.9% | 83.2% | 81.6% | 81.9% | 84.0% | 86.4% | 83.5% | 80.5% | 80.3% | 80.3% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 171M | 179M | 192M | 178M | 188M | 189M | 216M | 230M | 227M | 228M | 247M | 274M | 274M |
| EBIT | 300M | 124M | 278M | 315M | 236M | 144M | 285M | 308M | 394M | 231M | 453M | 441M | 441M |
| Op. Margin | 20.9% | 8.6% | 20.4% | 21.8% | 16.4% | 9.9% | 18.7% | 17.3% | 17.5% | 11.9% | 23.0% | 20.4% | 20.4% |
| Net Income | 116M | 16M | 117M | 80M | 86M | 77M | 173M | 196M | 170M | 88M | 242M | 151M | 151M |
| Net Margin | 8.1% | 1.1% | 8.6% | 5.5% | 6.0% | 5.3% | 11.3% | 11.0% | 7.5% | 4.5% | 12.3% | 7.0% | 7.0% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 151M | 1.1M | 1.2M | 832K | 0 | 9.0M | 731K | 731K |
| Returns on Capital | |||||||||||||
| ROIC | 5.2% | 2.1% | 4.3% | 4.2% | 5.1% | 3.2% | 5.3% | 4.9% | 5.7% | 3.5% | 5.5% | 5.2% | 4.6% |
| ROE | 6.8% | 0.9% | 7.0% | 4.7% | 5.1% | 4.6% | 8.4% | 9.0% | 7.7% | 3.7% | 9.5% | 5.1% | 4.4% |
| ROA | 2.0% | 0.3% | 1.8% | 1.2% | 1.2% | 1.1% | 2.2% | 2.3% | 1.8% | 0.9% | 2.2% | 1.3% | 1.3% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 415M | 387M | 415M | 523M | 428M | 503M | 486M | 548M | 567M | 551M | 508M | 584M | 584M |
| Free Cash Flow | -46M | -172M | -185M | 23M | -73M | -113M | -193M | -387M | -345M | -525M | -739M | -611M | -611M |
| Owner Earnings | 199M | 159M | 168M | 249M | 145M | 196M | 163M | 218M | 218M | 190M | 76M | 92M | 92M |
| CapEx | 461M | 559M | 600M | 500M | 501M | 616M | 679M | 935M | 913M | 1.1B | 1.2B | 1.2B | 1.2B |
| Maint. CapEx | 210M | 223M | 242M | 268M | 276M | 301M | 315M | 320M | 341M | 354M | 423M | 483M | 483M |
| Growth CapEx | 251M | 336M | 358M | 232M | 226M | 315M | 364M | 615M | 571M | 722M | 824M | 713M | 713M |
| D&A | 210M | 223M | 242M | 268M | 276M | 301M | 315M | 320M | 341M | 354M | 423M | 483M | 483M |
| CapEx/OCF | 111.0% | 144.4% | 144.4% | 95.6% | 117.0% | 122.5% | 139.8% | 170.7% | 160.9% | 195.2% | 245.4% | 204.6% | 204.6% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 59M | 64M | 71M | 78M | 85M | 93M | 99M | 113M | 120M | 127M | 140M | 163M | 163M |
| Dividend Yield | 1.4% | 1.4% | 1.4% | 1.5% | N/A | 1.5% | 1.6% | 1.6% | 1.8% | 2.1% | 2.1% | 2.2% | 2.1% |
| Share Buybacks | 17M | 18M | 15M | 14M | 13M | 9.9M | 12M | 10M | 8.0M | 9.6M | 8.5M | 12M | 12M |
| Buyback Yield | 0.4% | 0.4% | 0.3% | 0.3% | N/A | 0.2% | 0.2% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.2% |
| Stock-Based Comp | 5.9M | 4.9M | 5.6M | 6.2M | 7.1M | 6.4M | 8.1M | 9.4M | 7.8M | 7.2M | 9.5M | 8.7M | 8.7M |
| Debt Repayment | 125M | 333M | 304M | 274M | 750M | 407M | 978M | 1.4B | 180M | 910M | 820M | 3.2B | 3.2B |
| Balance Sheet | |||||||||||||
| Net Debt | 2.0B | 2.3B | 2.7B | 2.4B | 2.6B | 2.8B | 2.8B | 3.3B | 3.9B | 4.3B | 5.1B | 5.1B | 5.6B |
| Cash & Equiv. | 28M | 46M | 4.5M | 4.0M | 2.1M | 3.8M | 48M | 1.1M | 4.1M | 2.2M | 4.5M | 18M | 18M |
| Long-Term Debt | 1.6B | 2.0B | 2.1B | 2.2B | 2.7B | 2.5B | 2.7B | 3.5B | 3.9B | 4.2B | 4.3B | 5.1B | 5.1B |
| Debt/Equity | 1.20 | 1.42 | 1.60 | 1.62 | 1.72 | 1.90 | 1.62 | 1.74 | 1.97 | 2.04 | 2.18 | 1.65 | 1.65 |
| Interest Coverage | 2.5 | 1.1 | 2.2 | 2.5 | 1.9 | 1.2 | 2.5 | 3.2 | 3.1 | 1.2 | 2.0 | 1.6 | 1.6 |
| Equity | 1.7B | 1.7B | 1.7B | 1.7B | 1.7B | 1.7B | 2.0B | 2.2B | 2.2B | 2.3B | 2.5B | 3.4B | 3.4B |
| Total Assets | 5.8B | 6.0B | 6.5B | 6.6B | 6.9B | 7.3B | 7.9B | 8.7B | 9.3B | 10.3B | 11.2B | 12.1B | 12.1B |
| Total Liabilities | 4.0B | 4.3B | 4.7B | 4.9B | 5.1B | 5.5B | 5.8B | 6.4B | 7.0B | 7.8B | 8.6B | 8.6B | 8.6B |
| Intangibles | 278M | 278M | 278M | 278M | 278M | 278M | 278M | 278M | 278M | 278M | 278M | 278M | 278M |
| Retained Earnings | 609M | 560M | 605M | 634M | 644M | 628M | 699M | 810M | 829M | 787M | 888M | 867M | 867M |
| Working Capital | -298M | -256M | -427M | -541M | -210M | -673M | -600M | -340M | -479M | -755M | -1.3B | -453M | -453M |
| Current Assets | 406M | 386M | 378M | 294M | 303M | 294M | 377M | 325M | 411M | 476M | 499M | 565M | 565M |
| Current Liabilities | 704M | 641M | 805M | 836M | 512M | 967M | 978M | 664M | 890M | 1.2B | 1.8B | 1.0B | 1.0B |
| Per Share Data | |||||||||||||
| EPS | 1.45 | 0.20 | 1.46 | 1.00 | 1.07 | 0.97 | 2.15 | 2.27 | 1.97 | 1.02 | 2.67 | 1.48 | 1.48 |
| Owner EPS | 2.48 | 2.04 | 2.10 | 3.12 | N/A | 2.45 | 2.03 | 2.53 | 2.54 | 2.21 | 0.83 | 0.90 | 0.90 |
| Book Value | 21.47 | 21.16 | 20.94 | 21.22 | 0.01 | 21.05 | 25.50 | 25.13 | 25.47 | 27.28 | 27.97 | 33.28 | 33.28 |
| Cash Flow/Share | 5.17 | 4.95 | 5.19 | 6.55 | 0.00 | 6.31 | 6.04 | 6.35 | 6.59 | 6.40 | 5.60 | 5.72 | 6.21 |
| Dividends/Share | 0.74 | 0.82 | 0.88 | 0.97 | 0.00 | 1.17 | 1.23 | 1.31 | 1.39 | 1.47 | 1.55 | 1.60 | 1.60 |
| Shares Out. | 80.2M | 78.2M | 80.0M | 79.9M | N/A | 79.8M | 80.4M | 86.3M | 86.1M | 86.1M | 90.7M | 102.3M | 102.3M |
| Valuation | |||||||||||||
| P/E Ratio | 39.0 | 302.5 | 44.2 | 66.9 | 67.3 | 76.7 | 36.6 | 35.7 | 38.6 | 74.1 | 26.8 | 52.9 | 50.7 |
| P/FCF | N/A | N/A | N/A | 232.4 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EV/EBIT | 21.8 | 56.1 | 28.2 | 24.6 | N/A | 60.5 | 32.1 | 33.4 | 26.5 | 46.9 | 25.4 | 29.7 | 30.0 |
| Price/Book | 2.6 | 2.9 | 3.1 | 3.2 | N/A | 3.5 | 3.1 | 3.2 | 3.0 | 2.8 | 2.6 | 2.4 | 2.3 |
| Price/Sales | 3.0 | 3.2 | 3.6 | 3.6 | N/A | 4.3 | 4.0 | 3.9 | 3.0 | 3.2 | 3.3 | 3.5 | 3.5 |
| FCF Yield | -1.0% | -3.6% | -3.6% | 0.4% | N/A | -1.9% | -3.1% | -5.5% | -5.3% | -8.1% | -11.4% | -7.6% | -8.0% |
| Market Cap | 4.5B | 4.7B | 5.2B | 5.3B | N/A | 5.9B | 6.3B | 7.0B | 6.5B | 6.5B | 6.5B | 8.0B | 7.7B |
| Avg. Price | 54.23 | 57.98 | 61.71 | 65.41 | 68.34 | 77.81 | 75.74 | 79.68 | 78.85 | 71.24 | 72.56 | 74.17 | 75.00 |
| Year-End Price | 56.53 | 60.49 | 64.58 | 66.91 | 71.98 | 74.36 | 78.75 | 81.15 | 75.98 | 75.54 | 71.50 | 78.36 | 75.00 |
PUBLIC SERVICE CO OF NEW MEXICO passes 3 of 9 quality checks, indicating weak fundamentals.
PUBLIC SERVICE CO OF NEW MEXICO trades at 50.7x trailing earnings, compared to its 15-year median P/E of 48.6x, suggesting it is currently Fair relative to its historical range. The company's 5-year average ROIC is 4.9% with a gross margin of 83.0%. Total shareholder yield (dividends + buybacks) is 2.3%. At current prices, the estimated annualized return to fair value is +4.4%.
PUBLIC SERVICE CO OF NEW MEXICO (PNMXO) reported annual revenue of $2.2 billion in its most recent fiscal year, based on SEC EDGAR filings.
PUBLIC SERVICE CO OF NEW MEXICO (PNMXO) has a net profit margin of 7.0%. This is a modest margin.
PUBLIC SERVICE CO OF NEW MEXICO (PNMXO) generated $-611 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
PUBLIC SERVICE CO OF NEW MEXICO (PNMXO) has a debt-to-equity ratio of 1.65. This indicates higher leverage, which may increase financial risk.
PUBLIC SERVICE CO OF NEW MEXICO (PNMXO) reported earnings per share (EPS) of $1.48 in its most recent fiscal year.
PUBLIC SERVICE CO OF NEW MEXICO (PNMXO) has a return on equity (ROE) of 5.1%. This indicates moderate shareholder returns.
PUBLIC SERVICE CO OF NEW MEXICO (PNMXO) has a 5-year average gross margin of 83.0%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 16 years of financial data for PUBLIC SERVICE CO OF NEW MEXICO (PNMXO), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
PUBLIC SERVICE CO OF NEW MEXICO (PNMXO) has a book value per share of $33.28, based on its most recent annual SEC filing.
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