Financials National Fuel Gas Company

Equities

NFG

US6361801011

Natural Gas Utilities

Market Closed - Nyse 04:00:01 2024-04-26 pm EDT 5-day change 1st Jan Change
53.83 USD -1.95% Intraday chart for National Fuel Gas Company +0.75% +7.30%

Valuation

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 4,050 3,692 4,789 5,630 4,766 4,959 - -
Enterprise Value (EV) 1 6,218 6,331 7,544 8,277 7,383 7,686 7,514 7,295
P/E ratio 13.4 x -28.8 x 13.2 x 10 x 10 x 11.9 x 9.59 x 7.72 x
Yield 3.67% 4.34% 3.43% 3.02% 3.81% 3.6% 3.59% 3.49%
Capitalization / Revenue 2.39 x 2.39 x 2.75 x 2.58 x 2.19 x 2.09 x 1.87 x 1.78 x
EV / Revenue 3.67 x 4.09 x 4.33 x 3.79 x 3.4 x 3.23 x 2.83 x 2.62 x
EV / EBITDA 7.92 x 8.06 x 7.54 x 6.75 x 6.34 x 6.55 x 5.45 x 4.89 x
EV / FCF -65.8 x 257 x 189 x 33.3 x 26.9 x 71.8 x 67.1 x 64.6 x
FCF Yield -1.52% 0.39% 0.53% 3% 3.72% 1.39% 1.49% 1.55%
Price to Book - - 2.68 x 2.71 x - - - -
Nbr of stocks (in thousands) 86,315 90,954 91,181 91,476 91,819 92,128 - -
Reference price 2 46.92 40.59 52.52 61.55 51.91 53.83 53.83 53.83
Announcement Date 10/31/19 11/5/20 11/4/21 11/3/22 11/1/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,693 1,546 1,743 2,186 2,174 2,377 2,656 2,789
EBITDA 1 785.4 785.5 1,000 1,226 1,165 1,174 1,379 1,491
EBIT 1 511.8 479.3 665 856.1 755.1 708.7 877.5 992
Operating Margin 30.22% 31% 38.16% 39.16% 34.74% 29.82% 33.04% 35.57%
Earnings before Tax (EBT) 1 389.5 -105 478.3 682.6 641.4 583.2 745.1 866.2
Net income 1 304.3 -123.8 363.6 566 476.9 418.2 512 617.5
Net margin 17.97% -8% 20.87% 25.89% 21.94% 17.6% 19.28% 22.14%
EPS 2 3.510 -1.410 3.970 6.150 5.170 4.530 5.612 6.973
Free Cash Flow 1 -94.46 24.66 39.82 248.6 274.5 107 112 113
FCF margin -5.58% 1.59% 2.28% 11.37% 12.63% 4.5% 4.22% 4.05%
FCF Conversion (EBITDA) - 3.14% 3.98% 20.28% 23.57% 9.11% 8.12% 7.58%
FCF Conversion (Net income) - - 10.95% 43.92% 57.57% 25.58% 21.88% 18.3%
Dividend per Share 2 1.720 1.760 1.800 1.860 1.980 1.940 1.930 1.880
Announcement Date 10/31/19 11/5/20 11/4/21 11/3/22 11/1/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: September 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 356 546.6 701.7 502.6 435.1 658.9 717.3 428.7 368.9 525.4 767.3 526 528.5 688.7 870.4
EBITDA 1 215.9 298.2 337.6 318.1 271.9 351 322.3 256.5 234.9 322.9 322.2 249.4 254.3 312.1 365.8
EBIT 1 132.3 209.7 246.4 222.3 177.8 254.4 221.4 154.1 125.3 207.1 210.9 141 136.8 198.5 248.6
Operating Margin 37.16% 38.36% 35.11% 44.23% 40.86% 38.61% 30.86% 35.94% 33.96% 39.42% 27.48% 26.8% 25.88% 28.82% 28.56%
Earnings before Tax (EBT) 1 101.7 177.3 224.8 141.1 139.5 227.2 190.8 125.6 97.78 176.1 172.6 99.41 104 160.4 214
Net income 1 86.96 132.4 167.3 108.2 158.1 169.7 140.9 92.62 73.68 133 130.4 75.75 78.99 123.2 160
Net margin 24.43% 24.22% 23.85% 21.52% 36.34% 25.75% 19.64% 21.6% 19.97% 25.32% 17% 14.4% 14.94% 17.89% 18.38%
EPS 2 0.9500 1.440 1.820 1.170 1.710 1.840 1.530 1.000 0.8000 1.440 1.410 0.8208 0.8575 1.400 1.790
Dividend per Share 2 0.4450 0.4550 0.4550 0.4750 0.4750 0.4750 0.4750 0.4950 0.5350 - 0.5000 0.5000 0.5000 0.5000 0.5000
Announcement Date 11/4/21 2/3/22 5/5/22 8/4/22 11/3/22 2/2/23 5/3/23 8/2/23 11/1/23 2/7/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 2,168 2,639 2,756 2,646 2,617 2,727 2,555 2,336
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.761 x 3.36 x 2.755 x 2.159 x 2.246 x 2.323 x 1.853 x 1.567 x
Free Cash Flow 1 -94.5 24.7 39.8 249 275 107 112 113
ROE (net income / shareholders' equity) 14.9% 12.5% 20.9% 28% 16.2% - - -
ROA (Net income/ Total Assets) - - 5.45% 7.05% 5.82% - - -
Assets 1 - - 6,675 8,028 8,195 - - -
Book Value Per Share - - 19.60 22.70 - - - -
Cash Flow per Share 2 8.000 8.140 8.630 8.820 13.40 10.90 12.90 -
Capex 1 789 716 752 812 829 980 963 -
Capex / Sales 46.59% 46.31% 43.14% 37.14% 38.15% 41.25% 36.28% -
Announcement Date 10/31/19 11/5/20 11/4/21 11/3/22 11/1/23 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
5
Last Close Price
53.83 USD
Average target price
62 USD
Spread / Average Target
+15.18%
Consensus
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  3. NFG Stock
  4. Financials National Fuel Gas Company