NYSE · NDP
Tortoise Energy Independence Fund, Inc.
Financial Services · Asset Management
$40.40▲ 1.90% ($0.75)at close
As of 3:58 PM ET
Market cap
$67.30M
P/E
3.71
EPS (TTM)
$10.89
Next earnings
May 30, 2024
Price vs Fundamentals
Why The Stock Is Moving
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
What changed
The stock rose 37.7% over the last year. Revenue grew 46.45% over the trailing twelve months. Operating margin moved from -172.87% to 275.09%. Free cash flow declined 37.21% over the trailing twelve months.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/FCF range (88th percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at 275.09% — continued expansion would be needed to justify the premium. Revenue growth of 46.45% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Performance
Return analysis
Company profile
Managed by Tortoise Capital Advisors L.L.C., the Tortoise Energy Independence Fund, Inc. operates as a closed-end equity mutual fund.
Market multiples
Stock splits
Every 8 shares became 1
Profitability & growth
Standard profitability metrics can be misleading for financial/insurance companies. GAAP requires unrealized investment gains/losses in net income (affecting ROE), and margins are blended across diverse business segments.
Analyst consensus
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 30, 2024
Q3 FY24 · EPS est — · Revenue est —
View
Dividends
$2.15/shareQuarterly3yr growth streakNDP pays a dividend with a 5.31% dividend yield, 3 consecutive years of growth.
Dividend Yield
5.31%
Annual Div / Share
$2.15
TTM $2.78
5yr CAGR
-20.26%
Dividend has been cut
Payout Ratio
—
Bank — specialized metrics apply
Dividend Growth Rate
3yr CAGR
+107.63%
5yr CAGR
-20.26%
10yr CAGR
-14.95%
Dividend History
Annual dividends paid per share
Income Projection
Today
$4/mo
In 5 yrs
$4/mo
In 10 yrs
$4/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$53/yr $4/mo | $53/yr $4/mo | $53/yr $4/mo |
5yr and 10yr income use the current dividend with no growth assumption because bank payout growth depends on earnings cycles, regulation, and capital policy.
Analysis
Dividend Strengths
No strong strength signal stands out from the latest period pair.
Risks to Watch
Dividend has been reduced
The 5-year dividend CAGR of -20.26% is negative, indicating the payout has been cut over this period.