TXNM Energy Inc. (TXNM) exhibits 45.0% gross margins and 4.1% return on invested capital within Utilities (Electric Utilities: Central), balanced against a 22.1x enterprise multiple and 4.8% implied options volatility.
Sustained 45.0% gross profitability converts into 20.6% operating margin and 4.1% ROIC, outpacing sector cost of capital.
ROIC: 4.1% // GM: 45.0%YoY revenue trajectory of +9.0% paired with 7.56% free cash flow yield supports self-funded R&D and capital return.
REV YOY: +9.0% // FCF YLD: 7.56%Altman Z-Score of 0.80 and Piotroski F-Score of 6/9 indicate low near-term refinancing stress.
ALTMAN Z: 0.80 // F-SCORE: 6/9Trading at 38.0x trailing P/E (35.3x Fwd P/E) leaves valuation vulnerable if real 10Y TIPS yields spike.
P/E: 38.0x // EV/EBITDA: 22.1xOptions market prices a ±5.2% implied move with a 0.85 put/call ratio around $58.70 max pain.
IMPL MOVE: ±5.2% // P/C: 0.85Elevated industry capital intensity and customer concentration in Electric Utilities: Central require continuous execution to defend 7.9% net margins.
NET MARGIN: 7.9% // D/E: 1.50x| FILER | SIDE | $ VALUE |
|---|---|---|
| INSPECT FULL OWNERSHIP LEDGER IN OWN <GO> | ||
| STRIKE / EXP | TYPE | PREMIUM |
|---|---|---|
| INSPECT GEX & CHAIN IN OPT <GO> | ||
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