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New Fortress Energy Inc Class A NFE

Morningstar Rating
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Stock XNAS Rating as of
$26.72 −2.13 (7.38%)
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As of Cboe BZX Real-Time Price Open
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Company Report

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New Fortress Earnings: Project Delays Make Near Term More Difficult, Long-Term Objectives Attainable

Stephen Ellis,

No-moat New Fortress reported weak earnings per share, missing FactSet consensus by 56%, driven by one-time impairments due to the early termination of its FEMA contract in Puerto Rico. Ultimately, this miss due to the contract termination is something that we are comfortable with since the lost contract is being replaced by a four-year, higher-volume contract that will provide greater value to both parties in the long run even if it means further capacity investment. Without these one-time losses, New Fortress would've outperformed estimates by 20%.

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Price vs Fair Value

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NFE is trading at a 538% premium.
Price
$28.86
Fair Value
$62.00
Uncertainty
Very High
1-Star Price
$68.36
5-Star Price
$84.60
Economic Moat
Dylh
Capital Allocation
Tnlwpddp

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

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Trading Information

Previous Close Price
$28.85
Day Range
$26.68–29.03
52-Week Range
$25.05–40.00
Bid/Ask
$26.72 / $26.73
Market Cap
$5.48 Bil
Volume/Avg
2.6 Mil / 1.5 Mil

Key Statistics

Price/Earnings (Normalized)
10.92
Price/Sales
2.35
Dividend Yield (Trailing)
1.39%
Dividend Yield (Forward)
1.39%
Total Yield
1.39%

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
713
Website
https://www.newfortressenergy.com

Competitors

Valuation

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Metric
NFE
WMB
LNG
Price/Earnings (Normalized)
 10.9220.379.98
Price/Book Value
 3.543.898.52
Price/Sales
 2.354.572.18
Price/Cash Flow
 9.188.265.61
Price/Earnings
NFE
WMB
LNG

Financial Strength

Metric
NFE
WMB
LNG
Quick Ratio
 0.380.371.33
Current Ratio
 0.660.521.63
Interest Coverage
 3.164.0513.59
Quick Ratio
NFE
WMB
LNG

Profitability

Metric
NFE
WMB
LNG
Return on Assets (Normalized)
 6.12%4.89%11.21%
Return on Equity (Normalized)
 39.85%20.70%129.04%
Return on Invested Capital (Normalized)
 9.69%8.53%15.58%
Return on Assets
NFE
WMB
LNG
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