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New Fortress Energy Inc Class A NFE

Morningstar Rating
$31.95 −0.61 (1.87%)
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Company Report

Brazilian Minimum Capacity Deal Increases Our New Fortress Valuation

Befitting its private equity roots, New Fortress Energy seeks to provide an integrated solution for certain regions that lack where cheap, reliable, and efficient sources of power are scarce, primarily by providing gas or liquified natural gas solutions. It has been reasonably successful at identifying and acquiring infrastructure in countries such as Jamaica or Brazil that are very underutilized because of existing market challenges or relative geographic isolation, and using them to supply gas to the country, often displacing far more expensive and less reliable sources of power.

Price vs Fair Value

NFE is trading at a 17% discount.
Price
$32.56
Fair Value
$93.00
Uncertainty
Very High
1-Star Price
$86.28
5-Star Price
$71.70
Economic Moat
Thr
Capital Allocation
Zyvtwctn

Bulls Say, Bears Say

Bulls

New Fortress has a nascent hydrogen unit that might have substantial potential, and its value could be unlocked via a spinoff or sale.

Bears

It remains unclear if the Fast LNG efforts will be able to supply low-cost gas for the entirety of its 20-25-year LNG-to-power contracts, given uncertain field economics.

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News

Trading Information

Previous Close Price
$32.56
Day Range
$31.5832.33
52-Week Range
$25.0640.04
Bid/Ask
$31.95 / $32.70
Market Cap
$6.55 Bil
Volume/Avg
800,944 / 1.1 Mil

Key Statistics

Price/Earnings (Normalized)
14.00
Price/Sales
2.97
Dividend Yield (Trailing)
1.25%
Dividend Yield (Forward)
1.25%
Total Yield
1.25%

Company Profile

New Fortress Energy is an integrated gas-to-power company. Its business model spans the entire production and delivery chain from natural gas procurement and liquefaction to logistics, shipping, terminals, and conversion or development of a natural gas-fired generation. It has invested in floating, liquefied natural gas vessels to both lower the cost of acquiring gas while securing a long-term supply for its terminals. Its segments include terminals and infrastructure, or T&I, and ships.
Sector
Utilities
Industry
Utilities - Regulated Gas
Stock Style Box
Small Growth
Total Number of Employees
577

Competitors

Valuation

Metric
NFE
CQP
LNG
Price/Earnings (Normalized)
14.009.959.86
Price/Book Value
4.498.97
Price/Sales
2.972.101.56
Price/Cash Flow
17.717.173.86
Price/Earnings
NFE
CQP
LNG

Financial Strength

Metric
NFE
CQP
LNG
Quick Ratio
0.320.621.24
Current Ratio
0.450.871.54
Interest Coverage
2.777.8716.28
Quick Ratio
NFE
CQP
LNG

Profitability

Metric
NFE
CQP
LNG
Return on Assets (Normalized)
6.51%17.83%17.79%
Return on Equity (Normalized)
37.84%
Return on Invested Capital (Normalized)
10.80%27.47%26.87%
Return on Assets
NFE
CQP
LNG
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