TXNM Energy, Inc. (TXNM)

Analysis: Growth Rates Industry: Regulated Electric Sector: Utilities Live Price: $59.16

Enterprise Value

Metric / Stat	3Y	5Y
Stock Price
Avg YoY	1.73%	1.10%
Slope	0.41%	-0.58%
CAGR	0.39%	0.33%
LSR	0.39%	-0.66%
Market Capitalization
Avg YoY	1.87%	1.21%
Slope	0.50%	-0.53%
CAGR	0.47%	0.40%
LSR	0.47%	-0.60%
(-) Cash & Equivalents
Avg YoY	23.90%	54.77%
Slope	2.85%	-73.85%
CAGR	2.43%	-46.29%
LSR	2.43%	-34.82%
(+) Total Debt
Avg YoY	12.39%	10.68%
Slope	11.62%	10.66%
CAGR	12.39%	10.61%
LSR	12.39%	11.17%
Enterprise Value
Avg YoY	6.98%	5.93%
Slope	6.64%	5.48%
CAGR	6.72%	5.72%
LSR	6.72%	5.53%

Income Statement

Metric / Stat	3Y	5Y
Revenue
Avg YoY	-6.07%	7.78%
Slope	-6.78%	5.58%
CAGR	-6.39%	6.66%
LSR	-6.39%	6.20%
Cost of Revenue
Avg YoY	-13.01%	7.48%
Slope	-13.99%	4.94%
CAGR	-13.03%	5.46%
LSR	-13.03%	5.69%
Gross Profit
Avg YoY	8.47%	9.56%
Slope	6.65%	6.74%
CAGR	6.47%	8.52%
LSR	6.47%	6.78%
Gross Margin
Avg YoY	14.44%	2.72%
Slope	13.30%	0.74%
CAGR	13.74%	1.74%
LSR	13.74%	0.54%
SG&A Expenses
Avg YoY	4.38%	3.46%
Slope	4.27%	2.58%
CAGR	4.30%	3.38%
LSR	4.30%	2.59%
Operating Expenses
Avg YoY	4.26%	3.98%
Slope	4.17%	3.34%
CAGR	4.22%	3.94%
LSR	4.22%	3.39%
Operating Income (EBIT)
Avg YoY	14.68%	16.23%
Slope	8.77%	9.85%
CAGR	8.26%	12.73%
LSR	8.26%	9.84%
Operating Margin
Avg YoY	19.59%	8.13%
Slope	15.68%	4.08%
CAGR	15.65%	5.69%
LSR	15.65%	3.43%
Interest Income
Avg YoY	21.81%	14.12%
Slope	18.12%	14.33%
CAGR	20.93%	13.42%
LSR	20.93%	15.16%
Interest Expense
Avg YoY	34.32%	21.34%
Slope	27.50%	21.17%
CAGR	33.53%	18.83%
LSR	33.53%	22.82%
Net Interest Income
Avg YoY	36.03%	22.53%
Slope	-28.69%	-22.10%
CAGR	—	—
LSR	—	—
Other Income / Expense
Avg YoY	15.32%	28.39%
Slope	-12.93%	-23.41%
CAGR	—	—
LSR	—	—
Unusual Items
Avg YoY	15.32%	28.39%
Slope	12.93%	23.41%
CAGR	14.48%	21.31%
LSR	14.48%	28.37%
EBT excl. Unusual
Avg YoY	91.75%	57.20%
Slope	-7.09%	-93.10%
CAGR	—	—
LSR	—	—
Pre-Tax Income
Avg YoY	76.20%	39.10%
Slope	17.76%	-0.45%
CAGR	15.16%	7.74%
LSR	15.16%	-3.89%
Pre-Tax Margin
Avg YoY	77.12%	30.80%
Slope	25.58%	-7.13%
CAGR	23.02%	1.01%
LSR	23.02%	-9.50%
Income Tax Expense
Avg YoY	-197.09%	-89.02%
Slope	-22.10%	-27.90%
CAGR	-9.25%	1.05%
LSR	—	—
Net Income
Avg YoY	63.32%	31.64%
Slope	21.74%	1.77%
CAGR	19.46%	8.78%
LSR	19.46%	-1.24%
Net Margin
Avg YoY	65.25%	23.99%
Slope	29.18%	-4.92%
CAGR	27.62%	1.99%
LSR	27.62%	-7.01%
Depreciation & Amortization
Avg YoY	11.64%	7.89%
Slope	10.99%	7.14%
CAGR	11.36%	7.68%
LSR	11.36%	7.16%
EBITDA
Avg YoY	12.04%	11.42%
Slope	9.86%	8.50%
CAGR	9.71%	10.17%
LSR	9.71%	8.52%
EBITDA Margin
Avg YoY	18.09%	4.57%
Slope	16.43%	2.53%
CAGR	17.20%	3.29%
LSR	17.20%	2.18%
NOPAT
Avg YoY	14.68%	16.23%
Slope	8.77%	9.85%
CAGR	8.26%	12.73%
LSR	8.26%	9.84%
NOPAT Margin
Avg YoY	19.59%	8.13%
Slope	15.68%	4.08%
CAGR	15.65%	5.69%
LSR	15.65%	3.43%
Owner's Earnings
Avg YoY	24.81%	41.14%
Slope	-16.70%	-22.37%
CAGR	—	—
LSR	—	—
Owner's Earnings Margin
Avg YoY	36.71%	34.18%
Slope	-21.84%	-18.55%
CAGR	—	—
LSR	—	—
EPS (Basic)
Avg YoY	56.37%	26.21%
Slope	18.53%	-1.15%
CAGR	16.41%	5.47%
LSR	16.41%	-3.68%
EPS (Diluted)
Avg YoY	56.86%	26.48%
Slope	18.64%	-1.07%
CAGR	16.51%	5.55%
LSR	16.51%	-3.63%
Shares (Basic)
Avg YoY	2.66%	3.18%
Slope	2.61%	2.48%
CAGR	2.62%	3.14%
LSR	2.62%	2.53%
Shares (Diluted)
Avg YoY	2.56%	3.11%
Slope	2.52%	2.43%
CAGR	2.53%	3.06%
LSR	2.53%	2.47%

Balance Sheet

Metric / Stat	3Y	5Y
Cash & Cash Equivalents
Avg YoY	23.90%	54.77%
Slope	2.85%	-73.85%
CAGR	2.43%	-46.29%
LSR	2.43%	-34.82%
Cash & Short-Term Investments
Avg YoY	23.90%	54.77%
Slope	2.85%	-73.85%
CAGR	2.43%	-46.29%
LSR	2.43%	-34.82%
Net Receivables
Avg YoY	-6.83%	3.57%
Slope	-7.22%	4.50%
CAGR	-7.17%	2.23%
LSR	-7.17%	4.74%
Inventory
Avg YoY	54.42%	25.67%
Slope	42.68%	22.58%
CAGR	54.22%	22.16%
LSR	54.22%	22.24%
Other Current Assets
Avg YoY	12.29%	41.00%
Slope	2.29%	6.55%
CAGR	2.74%	-5.78%
LSR	2.74%	11.95%
Total Current Assets
Avg YoY	7.44%	5.60%
Slope	6.68%	6.47%
CAGR	7.11%	2.68%
LSR	7.11%	6.93%
Property, Plant & Equipment
Avg YoY	8.56%	6.22%
Slope	8.13%	6.13%
CAGR	8.54%	6.18%
LSR	8.54%	6.27%
Goodwill
Avg YoY	-2.45%	-2.93%
Slope	-2.48%	-2.46%
CAGR	-2.47%	-2.97%
LSR	-2.47%	-2.41%
Long-Term Investments
Avg YoY	-2.90%	-4.21%
Slope	-3.79%	-3.56%
CAGR	-3.91%	-4.74%
LSR	-3.91%	-3.61%
Tax Assets
Avg YoY	-6.77%	-6.33%
Slope	-7.05%	-6.00%
CAGR	-6.78%	-6.68%
LSR	-6.78%	-5.70%
Other Non-Current Assets
Avg YoY	6.79%	14.91%
Slope	6.43%	14.39%
CAGR	6.73%	12.79%
LSR	6.73%	16.08%
Total Non-Current Assets
Avg YoY	6.83%	5.37%
Slope	6.52%	5.68%
CAGR	6.80%	5.34%
LSR	6.80%	5.81%
Total Assets
Avg YoY	6.85%	5.28%
Slope	6.52%	5.71%
CAGR	6.81%	5.22%
LSR	6.81%	5.84%
Accounts Payable
Avg YoY	-5.05%	2.47%
Slope	-5.18%	2.97%
CAGR	-5.05%	1.72%
LSR	-5.05%	3.11%
Short-Term Debt
Avg YoY	68.76%	34.64%
Slope	50.77%	20.34%
CAGR	63.47%	14.60%
LSR	63.47%	19.77%
Other Current Liabilities
Avg YoY	33.19%	23.22%
Slope	11.76%	17.95%
CAGR	15.73%	14.40%
LSR	15.73%	20.10%
Total Current Liabilities
Avg YoY	37.71%	18.18%
Slope	31.45%	16.68%
CAGR	37.71%	12.63%
LSR	37.71%	16.95%
Long-Term Debt
Avg YoY	2.82%	9.21%
Slope	2.56%	8.24%
CAGR	2.65%	8.88%
LSR	2.65%	9.03%
Capital Lease Obligations
Avg YoY	120.46%	46.16%
Slope	59.45%	27.02%
CAGR	106.56%	21.83%
LSR	106.56%	26.41%
Deferred Tax Liabilities
Avg YoY	-0.66%	0.26%
Slope	-0.66%	0.71%
CAGR	-0.66%	0.18%
LSR	-0.66%	0.72%
Other Non-Current Liabilities
Avg YoY	-2.12%	-4.60%
Slope	-2.22%	-4.44%
CAGR	-2.23%	-4.69%
LSR	-2.23%	-4.30%
Total Non-Current Liabilities
Avg YoY	2.88%	4.95%
Slope	2.68%	5.03%
CAGR	2.76%	4.87%
LSR	2.76%	5.25%
Total Liabilities
Avg YoY	7.87%	6.34%
Slope	7.43%	6.82%
CAGR	7.81%	6.26%
LSR	7.81%	7.02%
Preferred Stock
Avg YoY	-2.45%	-2.93%
Slope	-2.48%	-2.46%
CAGR	-2.47%	-2.97%
LSR	-2.47%	-2.41%
Common Stock
Avg YoY	7.31%	1.94%
Slope	6.75%	2.63%
CAGR	7.13%	1.68%
LSR	7.13%	2.62%
Retained Earnings
Avg YoY	1.13%	3.16%
Slope	0.94%	2.04%
CAGR	0.93%	3.01%
LSR	0.93%	2.08%
Accumulated OCI
Avg YoY	4.89%	-3.44%
Slope	-4.46%	4.92%
CAGR	—	—
LSR	—	—
Minority Interest
Avg YoY	-8.22%	-8.32%
Slope	-8.53%	-8.08%
CAGR	-8.25%	-8.38%
LSR	-8.25%	-7.75%
Total Shareholders’ Equity
Avg YoY	4.89%	2.36%
Slope	4.73%	2.63%
CAGR	4.88%	2.31%
LSR	4.88%	2.64%
Total Equity
Avg YoY	4.60%	2.10%
Slope	4.45%	2.39%
CAGR	4.59%	2.06%
LSR	4.59%	2.39%
Total Liabilities & Equity
Avg YoY	7.08%	5.28%
Slope	6.72%	5.73%
CAGR	7.03%	5.21%
LSR	7.03%	5.86%
Tangible Assets
Avg YoY	7.12%	5.53%
Slope	6.77%	5.95%
CAGR	7.07%	5.47%
LSR	7.07%	6.09%
Tangible Equity
Avg YoY	5.56%	2.81%
Slope	5.36%	3.05%
CAGR	5.54%	2.76%
LSR	5.54%	3.05%
Tangible Book Value
Avg YoY	5.56%	2.81%
Slope	5.36%	3.05%
CAGR	5.54%	2.76%
LSR	5.54%	3.05%
Total Investments
Avg YoY	-2.90%	-4.21%
Slope	-3.79%	-3.56%
CAGR	-3.91%	-4.74%
LSR	-3.91%	-3.61%
Net Debt
Avg YoY	10.41%	10.44%
Slope	9.88%	10.23%
CAGR	10.41%	10.41%
LSR	10.41%	10.80%

Capital Structure

Metric / Stat	3Y	5Y
Working Capital
Avg YoY	59.14%	28.03%
Slope	-45.03%	-22.64%
CAGR	—	—
LSR	—	—
Total Capital
Avg YoY	9.91%	7.76%
Slope	9.39%	7.94%
CAGR	9.90%	7.71%
LSR	9.90%	8.18%
Capital Employed
Avg YoY	3.23%	4.22%
Slope	3.07%	4.34%
CAGR	3.16%	4.18%
LSR	3.16%	4.48%
Invested Capital
Avg YoY	9.91%	7.97%
Slope	9.39%	8.09%
CAGR	9.90%	7.93%
LSR	9.90%	8.36%

Cash Flow

Metric / Stat	3Y	5Y
Net Income
Avg YoY	39.59%	17.85%
Slope	17.96%	-0.01%
CAGR	16.51%	5.55%
LSR	16.51%	-1.77%
Depreciation & Amortization
Avg YoY	8.73%	4.71%
Slope	8.38%	4.61%
CAGR	8.61%	4.48%
LSR	8.61%	4.57%
Deferred Income Tax
Avg YoY	124.44%	67.29%
Slope	47.35%	-2.93%
CAGR	29.19%	16.94%
LSR	—	—
Stock-Based Compensation
Avg YoY	8.69%	2.09%
Slope	7.45%	-2.03%
CAGR	7.35%	0.80%
LSR	7.35%	-2.10%
Change in Working Capital
Avg YoY	-105.83%	-1,541.83%
Slope	-100.45%	-66.56%
CAGR	74.83%	78.56%
LSR	—	—
Accounts Receivable
Avg YoY	24.37%	-22.64%
Slope	277.15%	69.34%
CAGR	-58.32%	-27.16%
LSR	—	—
Inventory
Avg YoY	-134.58%	-271.66%
Slope	-49.28%	-104.47%
CAGR	94.18%	—
LSR	94.18%	—
Accounts Payable
Avg YoY	-20.92%	84.74%
Slope	-241.33%	-48.46%
CAGR	-55.24%	4.66%
LSR	—	—
Other Working Capital
Avg YoY	35.14%	-34.59%
Slope	-179.34%	-153.74%
CAGR	140.81%	—
LSR	—	—
Other Non-Cash Items
Avg YoY	-101.59%	247.50%
Slope	-149.47%	24.58%
CAGR	—	—
LSR	—	—
Net Cash from Operating Activities
Avg YoY	-7.58%	-1.62%
Slope	-7.87%	-1.39%
CAGR	-7.69%	-1.87%
LSR	-7.69%	-1.47%
Capital Expenditures (PPE)
Avg YoY	-14.07%	-13.52%
Slope	-12.94%	-10.88%
CAGR	14.01%	12.96%
LSR	14.01%	11.76%
Acquisitions (Net)
Avg YoY	-91.71%	-91.71%
Slope	11.49%	53.83%
CAGR	—	—
LSR	—	—
Purchases of Investments
Avg YoY	-13.91%	-4.15%
Slope	-13.07%	-4.07%
CAGR	13.82%	1.97%
LSR	13.82%	4.22%
Sales / Maturities of Investments
Avg YoY	22.84%	8.15%
Slope	20.52%	6.91%
CAGR	22.04%	5.45%
LSR	22.04%	6.63%
Other Investing Activities
Avg YoY	16,056.80%	9,949.34%
Slope	135.99%	2,681.20%
CAGR	358.71%	—
LSR	358.71%	—
Net Cash from Investing Activities
Avg YoY	-8.57%	-9.47%
Slope	-7.93%	-8.10%
CAGR	8.42%	9.14%
LSR	8.42%	8.65%
Net Debt Issuance
Avg YoY	19.41%	65.31%
Slope	15.09%	25.62%
CAGR	14.94%	48.98%
LSR	14.94%	38.80%
Long-Term Debt Issuance
Avg YoY	19.41%	65.31%
Slope	15.09%	25.62%
CAGR	14.94%	48.98%
LSR	14.94%	38.80%
Net Stock Issuance
Avg YoY	1,201.33%	580.11%
Slope	52.88%	-19.42%
CAGR	—	-26.33%
LSR	—	—
Common Stock Issuance
Avg YoY	-52.56%	-76.28%
Slope	48.26%	-18.69%
CAGR	—	-25.47%
LSR	—	—
Common Stock Repurchased
Avg YoY	-2.11%	9.56%
Slope	-0.39%	10.42%
CAGR	0.42%	-11.06%
LSR	0.42%	-9.42%
Preferred Stock Issuance
Avg YoY	—	-100.00%
Slope	—	-100.00%
CAGR	—	—
LSR	—	—
Net Dividends Paid
Avg YoY	-5.54%	-6.01%
Slope	-5.39%	-5.76%
CAGR	5.54%	6.01%
LSR	5.54%	5.96%
Common Dividends Paid
Avg YoY	-5.54%	-6.01%
Slope	-5.39%	-5.76%
CAGR	5.54%	6.01%
LSR	5.54%	5.96%
Other Financing Activities
Avg YoY	-364.92%	-141.25%
Slope	21.66%	-85.14%
CAGR	-14.12%	7.53%
LSR	-14.12%	—
Net Cash from Financing Activities
Avg YoY	30.14%	20.57%
Slope	25.26%	19.00%
CAGR	29.86%	20.04%
LSR	29.86%	20.50%
Effect of FX on Cash
Avg YoY	-774.99%	-774.99%
Slope	-134.62%	-94.87%
CAGR	—	—
LSR	—	—
Net Change in Cash
Avg YoY	27.17%	-9.59%
Slope	-36.62%	-604.33%
CAGR	-14.55%	-53.71%
LSR	—	—
Cash at Beginning of Period
Avg YoY	110.16%	297.17%
Slope	20.67%	-40.36%
CAGR	38.15%	-15.40%
LSR	38.15%	-31.65%
Cash at End of Period
Avg YoY	23.90%	54.77%
Slope	2.85%	-73.85%
CAGR	2.43%	-46.29%
LSR	2.43%	-34.82%
Operating Cash Flow
Avg YoY	-7.58%	-1.62%
Slope	-7.87%	-1.39%
CAGR	-7.69%	-1.87%
LSR	-7.69%	-1.47%
Capital Expenditure
Avg YoY	-14.07%	-13.52%
Slope	-12.94%	-10.88%
CAGR	14.01%	12.96%
LSR	14.01%	11.76%
Free Cash Flow
Avg YoY	-42.93%	-40.44%
Slope	-34.13%	-26.01%
CAGR	42.67%	35.67%
LSR	42.67%	31.54%

Free Cash Flow

Metric / Stat	3Y	5Y
EBITDA
Avg YoY	7.75%	7.25%
Slope	6.51%	5.62%
CAGR	6.39%	6.38%
LSR	6.39%	5.57%
(-) Tax Adjustment
Avg YoY	-100.00%	-20.44%
Slope	-26.18%	-14.12%
CAGR	-16.17%	-0.23%
LSR	—	—
Change In Working Capital
Avg YoY	-105.83%	-1,541.83%
Slope	-100.45%	-66.56%
CAGR	—	—
LSR	—	—
Capital Expenditure
Avg YoY	-14.07%	-13.52%
Slope	-12.94%	-10.88%
CAGR	—	—
LSR	—	—
Unlevered Free Cash Flow
Avg YoY	-67.90%	-147.75%
Slope	-2.85%	-12.01%
CAGR	—	—
LSR	—	—
Net Interest After Taxes
Avg YoY	-39.18%	-22.36%
Slope	-27.48%	-21.37%
CAGR	—	—
LSR	—	—
Net Debt Issuance
Avg YoY	19.41%	65.31%
Slope	15.09%	25.62%
CAGR	14.94%	48.98%
LSR	14.94%	38.80%
Levered Free Cash Flow
Avg YoY	69.92%	77.14%
Slope	23.78%	31.40%
CAGR	21.36%	41.12%
LSR	21.36%	35.92%