MDU RESOURCES GROUP INC (MDU) Fundamental Analysis & Valuation

NYSE:MDU • US5526901096

20.64 USD
-0.21 (-1.01%)
At close: Mar 3, 2026
20.64 USD
0 (0%)
After Hours: 3/3/2026, 8:26:10 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This MDU fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

2

Overall MDU gets a fundamental rating of 2 out of 10. We evaluated MDU against 15 industry peers in the Gas Utilities industry. MDU has a bad profitability rating. Also its financial health evaluation is rather negative. MDU is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

3

1. MDU Profitability Analysis

1.1 Basic Checks

  • In the past year MDU was profitable.
  • In the past year MDU had a positive cash flow from operations.
  • In the past 5 years MDU has always been profitable.
  • Of the past 5 years MDU 4 years had a positive operating cash flow.
MDU Yearly Net Income VS EBIT VS OCF VS FCFMDU Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M 400M 600M

1.2 Ratios

  • MDU has a Return On Assets of 2.36%. This is in the lower half of the industry: MDU underperforms 66.67% of its industry peers.
  • Looking at the Return On Equity, with a value of 6.22%, MDU is doing worse than 86.67% of the companies in the same industry.
  • With a Return On Invested Capital value of 3.87%, MDU is not doing good in the industry: 86.67% of the companies in the same industry are doing better.
Industry RankSector Rank
ROA 2.36%
ROE 6.22%
ROIC 3.87%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
MDU Yearly ROA, ROE, ROICMDU Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10

1.3 Margins

  • MDU's Profit Margin of 9.02% is on the low side compared to the rest of the industry. MDU is outperformed by 73.33% of its industry peers.
  • MDU's Profit Margin has improved in the last couple of years.
  • The Operating Margin of MDU (14.79%) is worse than 86.67% of its industry peers.
  • In the last couple of years the Operating Margin of MDU has grown nicely.
  • Looking at the Gross Margin, with a value of 58.89%, MDU is in line with its industry, outperforming 53.33% of the companies in the same industry.
  • In the last couple of years the Gross Margin of MDU has declined.
Industry RankSector Rank
OM 14.79%
PM (TTM) 9.02%
GM 58.89%
OM growth 3Y23.46%
OM growth 5Y9.48%
PM growth 3Y24.44%
PM growth 5Y7.56%
GM growth 3Y-14.07%
GM growth 5Y-9.49%
MDU Yearly Profit, Operating, Gross MarginsMDU Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60 80

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ROAROEROICOperating and Profit MarginShow most profitable peers

2

2. MDU Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so MDU is destroying value.
  • MDU has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
MDU Yearly Shares OutstandingMDU Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M
MDU Yearly Total Debt VS Total AssetsMDU Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B

2.2 Solvency

  • MDU has an Altman-Z score of 1.13. This is a bad value and indicates that MDU is not financially healthy and even has some risk of bankruptcy.
  • MDU has a Altman-Z score of 1.13. This is comparable to the rest of the industry: MDU outperforms 60.00% of its industry peers.
  • MDU has a Debt/Equity ratio of 0.80. This is a neutral value indicating MDU is somewhat dependend on debt financing.
  • The Debt to Equity ratio of MDU (0.80) is better than 80.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.8
Debt/FCF N/A
Altman-Z 1.13
ROIC/WACC0.54
WACC7.21%
MDU Yearly LT Debt VS Equity VS FCFMDU Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B

2.3 Liquidity

  • A Current Ratio of 0.75 indicates that MDU may have some problems paying its short term obligations.
  • MDU's Current ratio of 0.75 is in line compared to the rest of the industry. MDU outperforms 60.00% of its industry peers.
  • MDU has a Quick Ratio of 0.75. This is a bad value and indicates that MDU is not financially healthy enough and could expect problems in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 0.69, MDU is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.75
Quick Ratio 0.69
MDU Yearly Current Assets VS Current LiabilitesMDU Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. MDU Growth Analysis

3.1 Past

  • MDU shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -34.97%.
  • The earnings per share for MDU have been decreasing by -13.76% on average. This is quite bad
  • MDU shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -51.26%.
  • Measured over the past years, MDU shows a very negative growth in Revenue. The Revenue has been decreasing by -19.46% on average per year.
EPS 1Y (TTM)-34.97%
EPS 3Y-19.91%
EPS 5Y-13.76%
EPS Q2Q%37.04%
Revenue 1Y (TTM)-51.26%
Revenue growth 3Y-35.46%
Revenue growth 5Y-19.46%
Sales Q2Q%-0.28%

3.2 Future

  • Based on estimates for the next years, MDU will show a small growth in Earnings Per Share. The EPS will grow by 7.85% on average per year.
  • Based on estimates for the next years, MDU will show a small growth in Revenue. The Revenue will grow by 6.12% on average per year.
EPS Next Y8.56%
EPS Next 2Y8.84%
EPS Next 3Y8.62%
EPS Next 5Y7.85%
Revenue Next Year3.14%
Revenue Next 2Y4.5%
Revenue Next 3Y4.42%
Revenue Next 5Y6.12%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
MDU Yearly Revenue VS EstimatesMDU Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2B 4B 6B
MDU Yearly EPS VS EstimatesMDU Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0.5 1 1.5 2

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1

4. MDU Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 22.19, the valuation of MDU can be described as rather expensive.
  • Based on the Price/Earnings ratio, MDU is valued a bit more expensive than the industry average as 66.67% of the companies are valued more cheaply.
  • When comparing the Price/Earnings ratio of MDU to the average of the S&P500 Index (26.83), we can say MDU is valued inline with the index average.
  • A Price/Forward Earnings ratio of 20.44 indicates a rather expensive valuation of MDU.
  • 66.67% of the companies in the same industry are cheaper than MDU, based on the Price/Forward Earnings ratio.
  • The average S&P500 Price/Forward Earnings ratio is at 24.95. MDU is around the same levels.
Industry RankSector Rank
PE 22.19
Fwd PE 20.44
MDU Price Earnings VS Forward Price EarningsMDU Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, MDU is valued more expensive than 86.67% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 13.97
MDU Per share dataMDU EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6 8 10

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)2.59
PEG (5Y)N/A
EPS Next 2Y8.84%
EPS Next 3Y8.62%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

3

5. MDU Dividend Analysis

5.1 Amount

  • MDU has a Yearly Dividend Yield of 2.74%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 3.56, MDU is paying slightly less dividend.
  • MDU's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 2.74%

5.2 History

  • The dividend of MDU decreases each year by -8.99%.
  • MDU has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-8.99%
Div Incr Years0
Div Non Decr Years0
MDU Yearly Dividends per shareMDU Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6 0.8

5.3 Sustainability

  • MDU pays out 62.43% of its income as dividend. This is not a sustainable payout ratio.
DP62.43%
EPS Next 2Y8.84%
EPS Next 3Y8.62%
MDU Yearly Income VS Free CF VS DividendMDU Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M 400M
MDU Dividend Payout.MDU Dividend Payout, showing the Payout Ratio.MDU Dividend Payout.PayoutRetained Earnings

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MDU Fundamentals: All Metrics, Ratios and Statistics

MDU RESOURCES GROUP INC

NYSE:MDU (3/3/2026, 8:26:10 PM)

After market: 20.64 0 (0%)

20.64

-0.21 (-1.01%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)02-05
Earnings (Next)05-06
Inst Owners84.76%
Inst Owner Change9.32%
Ins Owners0.41%
Ins Owner Change1.09%
Market Cap4.22B
Revenue(TTM)1.88B
Net Income(TTM)169.26M
Analysts81.82
Price Target22.27 (7.9%)
Short Float %6.43%
Short Ratio6.37
Dividend
Industry RankSector Rank
Dividend Yield 2.74%
Yearly Dividend0.51
Dividend Growth(5Y)-8.99%
DP62.43%
Div Incr Years0
Div Non Decr Years0
Ex-Date03-12
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-30.52%
Min EPS beat(2)-43.04%
Max EPS beat(2)-18%
EPS beat(4)1
Avg EPS beat(4)-18.22%
Min EPS beat(4)-43.04%
Max EPS beat(4)8.7%
EPS beat(8)5
Avg EPS beat(8)2.79%
EPS beat(12)9
Avg EPS beat(12)14.52%
EPS beat(16)9
Avg EPS beat(16)5.47%
Revenue beat(2)2
Avg Revenue beat(2)8.53%
Min Revenue beat(2)2.29%
Max Revenue beat(2)14.77%
Revenue beat(4)3
Avg Revenue beat(4)-3.39%
Min Revenue beat(4)-32.93%
Max Revenue beat(4)14.77%
Revenue beat(8)4
Avg Revenue beat(8)-3.76%
Revenue beat(12)6
Avg Revenue beat(12)-1.09%
Revenue beat(16)7
Avg Revenue beat(16)-3.29%
PT rev (1m)5.64%
PT rev (3m)5.99%
EPS NQ rev (1m)-0.21%
EPS NQ rev (3m)5.5%
EPS NY rev (1m)-1%
EPS NY rev (3m)-2.26%
Revenue NQ rev (1m)-0.39%
Revenue NQ rev (3m)-0.12%
Revenue NY rev (1m)-0.35%
Revenue NY rev (3m)1.37%
Valuation
Industry RankSector Rank
PE 22.19
Fwd PE 20.44
P/S 2.25
P/FCF N/A
P/OCF 9.31
P/B 1.55
P/tB 1.77
EV/EBITDA 13.97
EPS(TTM)0.93
EY4.51%
EPS(NY)1.01
Fwd EY4.89%
FCF(TTM)-0.11
FCFYN/A
OCF(TTM)2.22
OCFY10.75%
SpS9.18
BVpS13.32
TBVpS11.63
PEG (NY)2.59
PEG (5Y)N/A
Graham Number16.7
Profitability
Industry RankSector Rank
ROA 2.36%
ROE 6.22%
ROCE 4.26%
ROIC 3.87%
ROICexc 3.92%
ROICexgc 4.14%
OM 14.79%
PM (TTM) 9.02%
GM 58.89%
FCFM N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y23.46%
OM growth 5Y9.48%
PM growth 3Y24.44%
PM growth 5Y7.56%
GM growth 3Y-14.07%
GM growth 5Y-9.49%
F-Score3
Asset Turnover0.26
Health
Industry RankSector Rank
Debt/Equity 0.8
Debt/FCF N/A
Debt/EBITDA 4.71
Cap/Depr 253.75%
Cap/Sales 25.35%
Interest Coverage 2.72
Cash Conversion 97.49%
Profit Quality N/A
Current Ratio 0.75
Quick Ratio 0.69
Altman-Z 1.13
F-Score3
WACC7.21%
ROIC/WACC0.54
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-34.97%
EPS 3Y-19.91%
EPS 5Y-13.76%
EPS Q2Q%37.04%
EPS Next Y8.56%
EPS Next 2Y8.84%
EPS Next 3Y8.62%
EPS Next 5Y7.85%
Revenue 1Y (TTM)-51.26%
Revenue growth 3Y-35.46%
Revenue growth 5Y-19.46%
Sales Q2Q%-0.28%
Revenue Next Year3.14%
Revenue Next 2Y4.5%
Revenue Next 3Y4.42%
Revenue Next 5Y6.12%
EBIT growth 1Y-39.31%
EBIT growth 3Y-20.32%
EBIT growth 5Y-11.83%
EBIT Next Year79.61%
EBIT Next 3Y28.07%
EBIT Next 5Y20.66%
FCF growth 1Y-145.2%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-24.38%
OCF growth 3YN/A
OCF growth 5YN/A

MDU RESOURCES GROUP INC / MDU FAQ

What is the ChartMill fundamental rating of MDU RESOURCES GROUP INC (MDU) stock?

ChartMill assigns a fundamental rating of 2 / 10 to MDU.


Can you provide the valuation status for MDU RESOURCES GROUP INC?

ChartMill assigns a valuation rating of 1 / 10 to MDU RESOURCES GROUP INC (MDU). This can be considered as Overvalued.


How profitable is MDU RESOURCES GROUP INC (MDU) stock?

MDU RESOURCES GROUP INC (MDU) has a profitability rating of 3 / 10.


Can you provide the PE and PB ratios for MDU stock?

The Price/Earnings (PE) ratio for MDU RESOURCES GROUP INC (MDU) is 22.19 and the Price/Book (PB) ratio is 1.55.


How sustainable is the dividend of MDU RESOURCES GROUP INC (MDU) stock?

The dividend rating of MDU RESOURCES GROUP INC (MDU) is 3 / 10 and the dividend payout ratio is 62.43%.