$59.28
+0.44%TXNM Energy, Inc., through its subsidiaries, provides electricity and electric services in the United States. It operates through Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP) segments. The PNM segment engages in the generation, transmission, and distribution of electricity. The segment owns and leases communications, office and other equipment, office space, vehicles, and real estate. It generates electricity using coal, natural gas and oil, and nuclear fuel and waste, as well as solar, wind, geothermal, and battery storage energy sources. The TNMP segment provides regulated transmission and distribution services. The segment also owns and leases vehicles, service facilities, and office locations throughout its service territory. The company serves residential, commercial, and industrial customers and end-users of electricity in New Mexico and Texas. The company was formerly known as PNM Resources, Inc and changed its name to TXNM Energy, Inc. in August 2024. TXNM Energy, Inc. was founded in 1882 and is based in Albuquerque, New Mexico.
Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation
Base year metrics used for projections
Forecast period and terminal assumptions
Calculation flow from present value to intrinsic value per share
Operating Cash Flow - Maintenance CapEx = Owner Earnings
| Metric | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $685.3M | $803.5M | $942.1M | $1.1B | $1.3B | $1.5B | $1.8B | $2.1B | $2.4B | $2.9B |
| Maintenance CapEx | -$280.4M | -$328.8M | -$385.5M | -$452.0M | -$530.0M | -$621.4M | -$728.6M | -$854.3M | -$1.0B | -$1.2B |
| Owner Earnings | $404.9M | $474.7M | $556.6M | $652.6M | $765.1M | $897.1M | $1.1B | $1.2B | $1.4B | $1.7B |
| Discount Factor | 0.926 | 0.857 | 0.794 | 0.735 | 0.681 | 0.630 | 0.583 | 0.540 | 0.500 | 0.463 |
| Present Value | $374.9M | $407.0M | $441.8M | $479.7M | $520.7M | $565.3M | $613.8M | $666.3M | $723.4M | $785.3M |
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