New Fortress Financials

NFE Stock  USD 9.51  0.33  3.59%   
Based on the key indicators related to New Fortress' liquidity, profitability, solvency, and operating efficiency, New Fortress Energy is performing exceptionally good at the present time. It has a great likelihood to report excellent financial results in December. At present, New Fortress' Short and Long Term Debt Total is projected to increase significantly based on the last few years of reporting. The current year's Total Current Liabilities is expected to grow to about 1.8 B, whereas Total Stockholder Equity is forecasted to decline to about 826.4 M. Key indicators impacting New Fortress' financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio2.264.148
Way Down
Slightly volatile
Current Ratio0.550.5743
Sufficiently Down
Slightly volatile
The essential information of the day-to-day investment outlook for New Fortress includes many different criteria found on its balance sheet. An individual investor should monitor New Fortress' cash flow, debt, and profitability to accurately make informed decisions on whether to invest in New Fortress.

Net Income

575.28 Million

  
Understanding current and past New Fortress Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of New Fortress' financial statements are interrelated, with each one affecting the others. For example, an increase in New Fortress' assets may result in an increase in income on the income statement.
Please note, the presentation of New Fortress' financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, New Fortress' management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of New Fortress' management manipulating its earnings.

New Fortress Stock Summary

New Fortress competes with FLEX LNG, Coterra Energy, Golar LNG, Excelerate Energy, and EQT. New Fortress Energy Inc. operates as an integrated gas-to-power infrastructure company that provides energy and development services to end-users worldwide. New Fortress Energy Inc. was founded in 1998 and is based in New York, New York. New Fortress operates under UtilitiesRegulated Gas classification in the United States and is traded on NASDAQ Exchange. It employs 671 people.
Specialization
Utilities, Utilities - Regulated Gas
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINUS6443931000
CUSIP644393100
LocationNew York; U.S.A
Business Address111 West 19th
SectorOil, Gas & Consumable Fuels
IndustryEnergy
BenchmarkDow Jones Industrial
Websitewww.newfortressenergy.com
Phone516 268 7400
CurrencyUSD - US Dollar

New Fortress Key Financial Ratios

New Fortress Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets1.1B1.9B6.9B7.7B10.5B11.0B
Other Current Liab90.7M98.9M294.1M1.1B580.3M306.6M
Other Liab14.4M17.3M328.0M75.0M86.2M70.3M
Net Tangible Assets23.5M320.9M888.5M427.2M491.2M382.1M
Net Debt592.0M757.8M3.9B4.2B7.1B7.4B
Retained Earnings(45.8M)(229.5M)(132.4M)62.1M528.0M554.4M
Accounts Payable11.6M21.3M68.1M80.4M549.5M577.0M
Cash27.1M601.5M187.5M675.5M310.8M295.1M
Other Assets190.0M546.9M6.3B131.9M151.7M144.2M
Long Term Debt619.1M1.2B3.8B4.5B6.5B6.8B
Net Receivables51.0M85.8M208.5M318.5M342.4M359.5M
Inventory63.4M22.9M37.2M39.1M113.7M119.4M
Other Current Assets22.5M51.9M147.1M354.1M286.3M300.6M
Total Liab736.5M1.5B4.9B6.3B8.7B9.2B
Total Current Assets211.1M762.0M584.9M1.4B980.0M611.3M
Common Stock130.7M1.7M2.1M2.1M2.0M1.9M
Net Invested Capital703.9M1.6B5.6B5.8B8.4B8.9B
Net Working Capital108.9M570.9M22.4M(22.1M)(726.3M)(690.0M)

New Fortress Key Income Statement Accounts

201920202021202220232024 (projected)
Tax Provision439K4.8M12.5M(123.4M)72.3M75.9M
Net Interest Income(19.4M)(65.7M)(154.3M)(236.9M)(281.4M)(267.3M)
Interest Expense19.4M65.7M154.3M236.9M277.8M291.7M
Total Revenue189.1M451.7M1.3B2.4B2.4B2.5B
Gross Profit(21.1M)125.3M581.8M1.2B1.1B1.2B
Operating Income(187.3M)(155.4M)238.9M385.7M931.2M977.8M
Ebit(187.3M)(193.4M)251.6M298.2M942.2M989.3M
Ebitda(175.8M)(160.2M)350.5M440.8M1.1B1.2B
Cost Of Revenue210.3M326.3M741.0M1.2B1.3B1.3B
Income Before Tax(203.9M)(259.1M)105.2M61.3M664.4M697.6M
Net Income(204.3M)(264.0M)97.1M194.5M547.9M575.3M
Income Tax Expense439K4.8M12.5M(123.4M)115.5M121.3M
Minority Interest302.5M8.1M(4.4M)9.7M(5.0M)(4.8M)

New Fortress Key Cash Accounts

201920202021202220232024 (projected)
Change To Inventory(50.3M)23.2M(11.2M)(7.9M)(39.8M)(37.8M)
Investments887K(157.6M)(2.3B)(82.7M)(2.0B)(1.9B)
Change In Cash(7.8M)536.3M(365.3M)591.1M(544.3M)(517.1M)
Net Borrowings334.6M605.3M2.0B493.6M567.7M563.1M
Free Cash Flow(611.3M)(282.6M)(584.6M)(818.9M)(2.2B)(2.1B)
Depreciation8.6M33.3M99.5M143.6M187.3M196.7M
Other Non Cash Items9.7M71.1M12.1M380.7M(116.3M)(110.5M)
Capital Expenditures377.1M157.0M669.3M1.2B3.0B3.2B
Net Income(204.3M)(264.0M)92.7M184.8M547.9M575.3M
End Period Cash Flow93.0M629.3M264.0M855.1M310.8M343.2M
Change To Netincome41.7M(9.8M)21.9M152.1M174.9M183.7M

New Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining New Fortress's current stock value. Our valuation model uses many indicators to compare New Fortress value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across New Fortress competition to find correlations between indicators driving New Fortress's intrinsic value. More Info.
New Fortress Energy is considered to be number one stock in return on equity category among its peers. It is regarded second in return on asset category among its peers reporting about  0.31  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for New Fortress Energy is roughly  3.25 . At present, New Fortress' Return On Equity is projected to increase slightly based on the last few years of reporting. Comparative valuation analysis is a catch-all technique that is used if you cannot value New Fortress by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

New Fortress Energy Systematic Risk

New Fortress' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. New Fortress volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty with a total number of output elements of fourty-one. The Beta measures systematic risk based on how returns on New Fortress Energy correlated with the market. If Beta is less than 0 New Fortress generally moves in the opposite direction as compared to the market. If New Fortress Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one New Fortress Energy is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of New Fortress is generally in the same direction as the market. If Beta > 1 New Fortress moves generally in the same direction as, but more than the movement of the benchmark.
Today, most investors in New Fortress Stock are looking for potential investment opportunities by analyzing not only static indicators but also various New Fortress' growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of New Fortress growth as a starting point in their analysis.

Price Earnings To Growth Ratio

0.0801

At present, New Fortress' Price Earnings To Growth Ratio is projected to increase significantly based on the last few years of reporting.

New Fortress November 22, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of New Fortress help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of New Fortress Energy. We use our internally-developed statistical techniques to arrive at the intrinsic value of New Fortress Energy based on widely used predictive technical indicators. In general, we focus on analyzing New Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build New Fortress's daily price indicators and compare them against related drivers.

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When running New Fortress' price analysis, check to measure New Fortress' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy New Fortress is operating at the current time. Most of New Fortress' value examination focuses on studying past and present price action to predict the probability of New Fortress' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New Fortress' price. Additionally, you may evaluate how the addition of New Fortress to your portfolios can decrease your overall portfolio volatility.
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