QualityDipStocks / Utilities · Pipelines
Northwest Natural Holding Company NWN
Outside our quality screen, so we don’t track its dips. It’s 9% below its 52-week high.
Outside our quality screen, 4% over its Market Value. No fair value estimate for now: its free cash flow is negative.
- Fair value est.
- n/a
- Market Value
- $48.93price +4%
- Off 52-wk high
- −9%
- Risk vs market
- Lowbeta −0.35
4 bullish · 5 bearish See why
Repriced or dip?
Near its high
The price is 9% below its 52-week high (Apr 9), but the business held up: earnings per share +10.0%, operating margin +1.1 pts, net cash (cash minus debt) −1.5% of market cap since the high.
Some numbers held up (earnings per share +10.0%, operating margin +1.1 pts, net cash (cash minus debt) −1.5% of market cap since the high), others slipped (revenue growth rate −7.4 pts). The price is 9% below its 52-week high.
The price is 9% below its 52-week high, and the business changed too: revenue growth rate −7.4 pts.
Within 10% of its 52-week high, so there is no dip to judge yet.
Data-based read, not advice.
Priced in
How much growth the market assumed at the 52-week high, the low and today (a reverse DCF).
52-wk high: P/E 20.2×; 52-wk low: P/E 17.9×; now: P/E 16.7×.
| High | Low | Now | |
|---|---|---|---|
| Price | $55.80Apr 9 | $45.53Oct 31 | $50.73 |
| Implied growth | n/a | n/a | n/a |
| P/E | 20.2× | 17.9× | 16.7× |
| EV/Sales | 3.8× | 3.3× | 3.6× |
What this means: a lower P/E than at the high means you pay less for each dollar of profit than buyers did then.
How it’s computed
Reverse DCF: the same 10-year free-cash-flow model as our fair value estimate (9.5% discount rate, growth for years 1–5 fading to 3% by year 10, 3% after), solved for the growth that makes it equal the market value at each price. For the high and the low we use only the filings that were public on that day, so nothing from a later report leaks back. Market value = that close × diluted shares. P/E = market value / 12-month net income; Price / FCF = market value / 12-month free cash flow; EV / Sales = (market value + debt − cash) / 12-month revenue. Hidden when the share count moved over 20% (split, merger), free cash flow is negative, or the company reports in another currency.
Valuation
What we estimate it's worth, and how it ranks on value vs every stock we cover.
Fair value estimate
No estimate for NWN: negative free cash flow. We’d rather show nothing than a made-up number.
Risk vs market
How risk vs market is measured
One year of daily returns (Oct 31 to Nov 2, 252 sessions). Beta = how much NWN moved for each 1% move in the S&P 500 (SPY); 1.0 moves with the market. Volatility is the yearly standard deviation of daily returns. Past behavior, not a forecast.
Has moved mostly independently of the market, but its own price swings are 1.6× the S&P 500’s (it moves on its own news).
- Beta vs S&P 500
- -0.35
- Volatility
- 20% vs 13% SPY
- Correlation SPY
- −0.22
- Correlation QQQ
- −0.32
How it ranks
Where NWN stands vs every one of the 1,996 stocks we cover that has the number. Longer bar = better.
Top quarter on 1 of 5 measures
- Free cash flow yield−13% · free cash flow vs market capLowest 2%of 1,391
- Dividends + buybacks yield3.8% · cash paid out or used to retire shares, vs market capTop 38%of 1,836
- Revenue growth, last 12 months+4.4% · vs the 12 months beforeLowest 26%of 1,814
- Operating margin23% · of sales kept as operating profitTop 22%of 1,288
- Return on invested capital5.6% · profit per dollar of capitalLowest 28%of 838
From SEC filings and our fair value estimate model. A ranking, not advice.
Valuation details
MV $48.93
Fundamentals
The business itself: sales, profits, cash and debt, from SEC filings.
Bull vs bear
Rule-based from the data on this page, strongest first. Not advice.
Top bullish points 4 of 5
ProfitabilityOperating margin widened to 21.8% in FY2025 from 15.4% in FY2023 (SEC filings).
GrowthDiluted EPS grew 36% to $2.77 in FY2025.
Cash returnsDividend yield of 3.8% ($79M paid over 12 months, 63% of earnings).
ValuationEV/EBITDA of 10.1×, below the 13.5× median for the 60 Utilities companies we cover.
Top bearish points 5 of 5
ValuationFree cash flow is negative (−$266M over the last 12 months), so there’s no cash-flow value under the price.
Balance sheetNet debt of $2.6B, 124% of the market cap (Jun 30, 2026).
Balance sheetDebt rose 56% to $2.6B from FY2023 to FY2025.
QualityDoesn’t pass our quality screen: no positive free cash flow; ROE under 12% and ROIC under 10%; net debt 5.5× EBITDA (limit 3×).
RiskCyclical business: one strong year of cash flow can make it look cheaper than it is.
All fundamentals
P/E 16.7 · FCF yield -12.7% · ROE 8%
Valuation
- P/E
- 16.7×Utilities median 21.2×
- Price / FCF
- n/anegative free cash flow
- FCF yield
- −12.7%
- EV / EBITDA
- 10.1×
- Price / sales
- 1.62×
- Price / book
- 1.35×
- Market cap
- $2.1Blisted
- Enterprise value
- $4.7B
Growth
- Revenue, 12 months
- $1.3B
- Sales growth, 12 months
- +4.4%vs the 12 months before
- Sales growth, 3 yrs
- +7.5%/yrfrom FY2022
- Diluted EPS, 12 months
- $2.99
- EPS growth, last FY
- +36.5%
- Net income, 12 months
- $126M
- Net income growth
- +22%12 months vs before
Profitability
- Gross margin
- n/agross profit isn't reported (common for service and financial companies)
- Operating margin
- 22.8%
- Net margin
- 9.7%
- FCF margin
- −20.6%
- Return on equity
- 8%
- Return on invested capital
- 6%
Balance sheet
- Cash & short-term inv.
- $24M
- Total debt
- $2.6B
- Net cash
- −$2.6B
- Debt / equity
- 1.68×
- Interest coverage
- n/ainterest expense not tagged in SEC data
Cash flow & returns
- Free cash flow, 12 months
- −$266M
- FCF growth, 12 months
- n/anot reported in its SEC filings
- Dividend yield
- 3.76%$79M paid
- Payout ratio
- 63%
- Buybacks, 12 months
- n/anot reported in its SEC filings
- Share count, 1 year
- +4.2%diluted shares vs a year ago
- Stock-based comp
- n/anot reported in its SEC filings
Trailing 12 months to Jun 30, 2026; balance sheet at Jun 30, 2026. From Northwest Natural Holding Company’s SEC filings. Sparklines show up to six fiscal years. n/a means we don’t hold that number, with the reason. How each is computed.
The business
FCF $-0.3B · Sales +3%
- Free cash flow, 12 months−$0.3B
- Free-cash-flow yield-12.7%
- Free-cash-flow margin−21%
- Gross margin45%
- Operating margin14%
- Return on invested capital3%
- Return on equity8%
- Sales growth (latest quarter vs year-ago quarter)+3%
- Net debt / EBITDA5.5×
Chart & levels
Where the price is vs its key levels and trends.
Key levels
Every level vs today’s $50.73
- 52-wk lowlowest close, 1 year$45.53−10.3%
- Market Valueavg paid since Aug 5$48.93−3.5%
- PriceMon Nov 2 close$50.73you are here
- 52-wk highhighest close, 1 year$55.80+10.0%
Momentum & 52-week range
RSI 66 · 5 days +1.6%
Signals
Reversal signal setups, the public ledger and the next earnings date.
Setup & signals
No setup armed
No setup armed, so there’s no trigger or stop to track yet. Reversal signal rules only run on companies that pass our quality screen.
Next report
Nov 5
- DateThu Nov 5, before the open
- Year-ago EPS($0.73)
- QuarterSep/2026
From Nasdaq’s earnings calendar. A report resets Market Value.
NWN is outside our quality screen
One text when a published rule fires on one of the 332 quality companies we track: the ticker, the price, the stop and a link to the numbers. Nothing else.
Voices & buzz
Who is talking about it, and how it compares with peers.
Who’s talking about it
Notable investors, executives, analysts and public figures on Northwest Natural Holding Company in the last 48 hours. Headlines as published, each linked. Their words, not ours.
No notable mentions in the last 48 hours. Checked Nov 3, 1:01 PM ET.
Compare with peers
Closest in size in Pipelines
Information only, not investment advice. Fair value estimates and talking points are rule-based model output from public data and can be wrong; stop levels are reference points, not orders. How every number is computed.