Discounted Cash Flow

NEW Jersey Resources Corp.

NJR · Based on 10 years of SEC filings

DCF estimate unavailable — No positive free cash flow in recent history — company has not generated positive FCF

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income
Dividends

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $1.9b $131.7m $-33.4m 7.0% $1.53
2017 $2.3b (20.6%) $132.1m (0.3%) $103.9m (410.9%) 5.8% (-16.8%) $1.53 (0.0%)
2018 $2.9b (28.5%) $233.4m (76.8%) $191.4m (84.2%) 8.0% (37.6%) $2.66 (73.9%)
2019 $2.6b (-11.1%) $169.5m (-27.4%) $-110.7m (-157.8%) 6.5% (-18.3%) $1.90 (-28.6%)
2020 $2.0b (-24.6%) $193.9m (14.4%) $-234.6m (-112.0%) 9.9% (51.8%) $2.05 (7.9%)
2021 $2.2b (10.4%) $117.9m (-39.2%) $-183.3m (21.9%) 5.5% (-44.9%) $1.23 (-40.0%)
2022 $2.9b (34.7%) $274.9m (133.2%) $-274.9m (-50.0%) 9.5% (73.1%) $2.86 (132.5%)
2023 $2.0b (-32.4%) $264.7m (-3.7%) $-61.9m (77.5%) 13.5% (42.5%) $2.73 (-4.5%)
2024 $1.8b (-8.5%) $289.8m (9.5%) $-143.9m (-132.4%) 16.1% (19.6%) $2.94 (7.7%)
2025 $2.0b (13.4%) $335.6m (15.8%) $-239.7m (-66.6%) 16.5% (2.2%) $3.35 (13.9%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model

No positive free cash flow in recent history — company has not generated positive FCF

Once the company meets all DCF eligibility criteria (sufficient history, profitability, growth trends), an estimate will become available automatically. No action is needed.