Financials Southwest Gas Holdings, Inc.

Equities

SWX

US8448951025

Natural Gas Utilities

Market Closed - Nyse 04:00:01 2024-04-26 pm EDT 5-day change 1st Jan Change
75 USD -1.25% Intraday chart for Southwest Gas Holdings, Inc. +2.07% +18.39%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 4,150 3,452 4,230 4,150 4,531 5,373 - -
Enterprise Value (EV) 1 6,775 6,249 10,329 10,018 9,705 10,624 10,725 11,058
P/E ratio 19.3 x 14.7 x 20.7 x -20 x 29.7 x 22.5 x 19.2 x 16.9 x
Yield 2.87% 3.75% 3.4% 3.97% 3.91% 3.86% 3.48% 3.54%
Capitalization / Revenue 3.03 x 2.56 x 1.15 x 0.84 x 0.83 x 0.97 x 1 x 0.89 x
EV / Revenue 4.95 x 4.63 x 2.81 x 2.02 x 1.79 x 1.92 x 1.99 x 1.83 x
EV / EBITDA 9.89 x 8.35 x 14 x 22.5 x 10.4 x 10.1 x 9.77 x 9.16 x
EV / FCF -15.5 x -31.4 x -17.1 x -22.2 x -26.7 x 29.7 x 134 x 61.4 x
FCF Yield -6.46% -3.19% -5.85% -4.51% -3.74% 3.37% 0.75% 1.63%
Price to Book 1.67 x 1.3 x 1.43 x 1.36 x 1.37 x 1.52 x 1.64 x 1.41 x
Nbr of stocks (in thousands) 54,626 56,830 60,385 67,068 71,521 71,634 - -
Reference price 2 75.97 60.75 70.05 61.88 63.35 75.00 75.00 75.00
Announcement Date 2/26/20 2/25/21 3/1/22 2/28/23 2/28/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,369 1,351 3,680 4,960 5,434 5,539 5,383 6,038
EBITDA 1 685.1 748.2 737.1 446.1 930.5 1,050 1,098 1,207
EBIT 1 381.9 416.2 366 -24.4 489.6 578.8 642.8 724.5
Operating Margin 27.9% 30.82% 9.95% -0.49% 9.01% 10.45% 11.94% 12%
Earnings before Tax (EBT) 1 272.7 304.7 246.8 -273.3 197.3 308.4 391 419.8
Net income 1 213.9 232.3 200.8 -203.3 150.9 242.7 294.8 328.4
Net margin 15.63% 17.2% 5.46% -4.1% 2.78% 4.38% 5.48% 5.44%
EPS 2 3.940 4.140 3.390 -3.100 2.130 3.334 3.915 4.444
Free Cash Flow 1 -437.8 -199 -604.2 -452 -363.3 358 80 180
FCF margin -31.98% -14.74% -16.42% -9.11% -6.69% 6.46% 1.49% 2.98%
FCF Conversion (EBITDA) - - - - - 34.09% 7.29% 14.92%
FCF Conversion (Net income) - - - - - 147.5% 27.13% 54.82%
Dividend per Share 2 2.180 2.280 2.380 2.455 2.480 2.895 2.612 2.655
Announcement Date 2/26/20 2/25/21 3/1/22 2/28/23 2/28/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 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
Net sales 1 888.7 1,084 1,267 1,146 1,126 1,421 1,603 1,294 1,169 1,368 1,593 1,334 1,209 1,404
EBITDA 1 111.6 217.4 292.4 150.8 165.3 -168.6 266.2 216.1 180.2 268.1 328 232 202 287
EBIT 1 20.19 114 169.7 42.82 48.34 -291.5 153.7 104.4 74.7 156.9 201.2 116.5 87.17 174
Operating Margin 2.27% 10.51% 13.39% 3.74% 4.29% -20.51% 9.58% 8.07% 6.39% 11.47% 12.63% 8.73% 7.21% 12.4%
Earnings before Tax (EBT) 1 -11.11 76.01 121.4 -10.38 -12.84 -371.5 - 35.03 2.697 83.3 142 46 21 99
Net income 1 -11.58 - 96.18 -6.575 -12.31 -280.6 45.91 28.88 3.231 72.87 118 31 12 82
Net margin -1.3% - 7.59% -0.57% -1.09% -19.75% 2.86% 2.23% 0.28% 5.33% 7.41% 2.32% 0.99% 5.84%
EPS 2 -0.1900 1.150 1.580 -0.1000 -0.1800 -4.180 0.6700 0.4000 0.0400 1.010 1.647 0.4326 0.1601 1.131
Dividend per Share 2 0.5950 0.6200 0.6200 0.6200 0.6200 0.6200 0.6200 0.6200 0.6200 0.6200 0.6200 0.6200 0.6200 0.6200
Announcement Date 11/9/21 3/1/22 5/9/22 8/9/22 11/9/22 2/28/23 5/9/23 8/9/23 11/8/23 2/28/24 - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 2,625 2,796 6,099 5,868 5,174 5,251 5,352 5,686
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 3.832 x 3.737 x 8.275 x 13.15 x 5.561 x 5 x 4.876 x 4.712 x
Free Cash Flow 1 -438 -199 -604 -452 -363 358 80 180
ROE (net income / shareholders' equity) 8.99% 9% 7.13% 6.54% 7.49% 6.97% 8.11% 8.58%
ROA (Net income/ Total Assets) 2.76% 2.75% 1.87% 1.51% 1.9% 2.03% 2.41% 2.57%
Assets 1 7,764 8,453 10,751 -13,423 7,932 11,956 12,254 12,776
Book Value Per Share 2 45.60 46.80 48.90 45.60 46.30 49.30 45.80 53.10
Cash Flow per Share 2 9.210 11.20 1.880 6.220 7.170 8.140 7.520 -
Capex 1 938 825 716 859 873 1,000 836 915
Capex / Sales 68.53% 61.09% 19.44% 17.33% 16.06% 18.05% 15.52% 15.15%
Announcement Date 2/26/20 2/25/21 3/1/22 2/28/23 2/28/24 - - -
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
75 USD
Average target price
74.6 USD
Spread / Average Target
-0.53%
Consensus
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  4. Financials Southwest Gas Holdings, Inc.