PNM Resources Inc
TXNM Energy, Inc., through its subsidiaries, provides electricity and electric services in the United States. The company engages in the generation, transmission, and distribution of electricity for retail electric customers in New Mexico; and owns and leases communications, office and other equipment, office space, vehicles, energy storage facilities, and real estate. It also provides regulated … Read more
PNM Resources Inc (98P) - Net Assets
Latest net assets as of September 2025: €3.47 Billion EUR
Based on the latest financial reports, PNM Resources Inc (98P) has net assets worth €3.47 Billion EUR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€11.97 Billion) and total liabilities (€8.50 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €3.47 Billion |
| % of Total Assets | 29.01% |
| Annual Growth Rate | 3.69% |
| 5-Year Change | 22.4% |
| 10-Year Change | 49.32% |
| Growth Volatility | 6.62 |
PNM Resources Inc - Net Assets Trend (2014–2024)
This chart illustrates how PNM Resources Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for PNM Resources Inc (2014–2024)
The table below shows the annual net assets of PNM Resources Inc from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €2.59 Billion | +7.64% |
| 2023-12-31 | €2.41 Billion | +6.83% |
| 2022-12-31 | €2.26 Billion | +0.98% |
| 2021-12-31 | €2.23 Billion | +5.40% |
| 2020-12-31 | €2.12 Billion | +20.92% |
| 2019-12-31 | €1.75 Billion | -0.61% |
| 2018-12-31 | €1.76 Billion | -0.50% |
| 2017-12-31 | €1.77 Billion | +0.94% |
| 2016-12-31 | €1.76 Billion | +1.07% |
| 2015-12-31 | €1.74 Billion | -3.81% |
| 2014-12-31 | €1.81 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to PNM Resources Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 45.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €887.65 Million | 34.84% |
| Other Components | €1.66 Billion | 65.16% |
| Total Equity | €2.55 Billion | 100.00% |
PNM Resources Inc Competitors by Market Cap
The table below lists competitors of PNM Resources Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Lithia Motors Inc
NYSE:LAD
|
$5.34 Billion |
|
DaVita HealthCare Partners Inc
NYSE:DVA
|
$5.34 Billion |
|
Zhangzhou Pientzehuang Pharmaceutical Co Ltd
SHG:600436
|
$5.34 Billion |
|
United Bankshares Inc
NASDAQ:UBSI
|
$5.35 Billion |
|
CAR Group Ltd
AU:CAR
|
$5.32 Billion |
|
China XD Electric Co Ltd
SHG:601179
|
$5.32 Billion |
|
Spire Inc
NYSE:SR
|
$5.31 Billion |
|
LEG Immobilien SE
PINK:LEGIF
|
$5.31 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PNM Resources Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,360,622,000 to 2,547,914,000, a change of 187,292,000 (7.9%).
- Net income of 242,682,000 contributed positively to equity growth.
- Dividend payments of 140,339,000 reduced retained earnings.
- Share repurchases of 8,460,000 reduced equity.
- New share issuances of 98,601,000 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €242.68 Million | +9.52% |
| Dividends Paid | €140.34 Million | -5.51% |
| Share Repurchases | €8.46 Million | -0.33% |
| Share Issuances | €98.60 Million | +3.87% |
| Other Changes | €-5.19 Million | -0.2% |
| Total Change | €- | 7.93% |
Book Value vs Market Value Analysis
This analysis compares PNM Resources Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.84x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.43x to 1.84x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €21.43 | €52.00 | x |
| 2018-12-31 | €21.34 | €52.00 | x |
| 2019-12-31 | €21.22 | €52.00 | x |
| 2020-12-31 | €24.01 | €52.00 | x |
| 2021-12-31 | €25.39 | €52.00 | x |
| 2022-12-31 | €25.67 | €52.00 | x |
| 2023-12-31 | €27.50 | €52.00 | x |
| 2024-12-31 | €28.25 | €52.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PNM Resources Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.52%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.31%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 4.40x
- Recent ROE (9.52%) is above the historical average (6.13%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 6.75% | 8.10% | 0.25x | 3.36x | €-55.90 Million |
| 2015 | 0.95% | 1.09% | 0.24x | 3.63x | €-149.84 Million |
| 2016 | 6.96% | 8.61% | 0.21x | 3.83x | €-51.37 Million |
| 2017 | 4.71% | 5.56% | 0.22x | 3.89x | €-90.28 Million |
| 2018 | 5.07% | 6.00% | 0.21x | 4.04x | €-83.82 Million |
| 2019 | 4.61% | 5.34% | 0.20x | 4.32x | €-91.13 Million |
| 2020 | 8.41% | 11.38% | 0.19x | 3.85x | €-32.80 Million |
| 2021 | 9.01% | 11.03% | 0.21x | 3.98x | €-21.55 Million |
| 2022 | 7.72% | 7.56% | 0.24x | 4.20x | €-50.29 Million |
| 2023 | 3.74% | 4.56% | 0.19x | 4.34x | €-147.72 Million |
| 2024 | 9.52% | 12.31% | 0.18x | 4.40x | €-12.11 Million |
Industry Comparison
This section compares PNM Resources Inc's net assets metrics with peer companies in the Utilities - Regulated Electric industry.
Industry Context
- Industry: Utilities - Regulated Electric
- Average net assets among peers: $18,920,109,143
- Average return on equity (ROE) among peers: 444.26%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PNM Resources Inc (98P) | €3.47 Billion | 6.75% | 2.45x | $5.33 Billion |
| Fjordkraft Holding ASA (1ZK) | $1.94 Billion | 20.58% | 1.64x | $354.86 Million |
| Neoenergia S.A. (2Q40) | $32.75 Billion | 11.10% | 2.35x | $4.24 Billion |
| GUYANA FRONTIER (58S) | $15.44 Billion | -4.56% | 1.53x | $1.11 Billion |
| Energa SA (EN2) | $12.68 Billion | 2.11% | 1.81x | $164.70 Million |
| China Power International Development Limited (HPD) | $68.59 Billion | 3.86% | 2.08x | $1.57 Billion |
| ECB S.A. (JH8) | $20.86 Million | 3065.46% | 0.54x | $2.04 Million |
| Mainova AG (MNV6) | $1.02 Billion | 11.27% | 1.83x | $271.67 Million |