UNITIL CORP (UTL)
US9132591077 - Common Stock
Overall UTL gets a fundamental rating of 3 out of 10. We evaluated UTL against 26 industry peers in the Multi-Utilities industry. While UTL is still in line with the averages on profitability rating, there are concerns on its financial health. UTL is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
UTL had positive earnings in the past year.
UTL had a positive operating cash flow in the past year.
UTL had positive earnings in each of the past 5 years.
Each year in the past 5 years UTL had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 2.71%, UTL is doing worse than 61.54% of the companies in the same industry.
The Return On Equity of UTL (9.24%) is worse than 61.54% of its industry peers.
With an excellent Return On Invested Capital value of 4.37%, UTL belongs to the best of the industry, outperforming 88.46% of the companies in the same industry.
UTL had an Average Return On Invested Capital over the past 3 years of 4.32%. This is in line with the industry average of 3.63%.
The last Return On Invested Capital (4.37%) for UTL is above the 3 year average (4.32%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.71% | ||
| ROE | 9.24% | ||
| ROIC | 4.37% |
ROA(3y)2.55%
ROA(5y)2.61%
ROE(3y)8.71%
ROE(5y)9.23%
ROIC(3y)4.32%
ROIC(5y)4.29%
1.3 Margins
UTL's Profit Margin of 8.11% is on the low side compared to the rest of the industry. UTL is outperformed by 80.77% of its industry peers.
UTL's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 15.63%, UTL is doing worse than 92.31% of the companies in the same industry.
UTL's Operating Margin has been stable in the last couple of years.
UTL has a Gross Margin of 46.42%. This is comparable to the rest of the industry: UTL outperforms 46.15% of its industry peers.
In the last couple of years the Gross Margin of UTL has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 15.63% | ||
| PM (TTM) | 8.11% | ||
| GM | 46.42% |
OM growth 3Y-2.86%
OM growth 5Y-0.5%
PM growth 3Y1.79%
PM growth 5Y1.77%
GM growth 3Y-3.39%
GM growth 5Y-0.7%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), UTL is destroying value.
The number of shares outstanding for UTL has been increased compared to 1 year ago.
The number of shares outstanding for UTL has been increased compared to 5 years ago.
Compared to 1 year ago, UTL has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.99, we must say that UTL is in the distress zone and has some risk of bankruptcy.
With an excellent Altman-Z score value of 0.99, UTL belongs to the best of the industry, outperforming 80.77% of the companies in the same industry.
UTL has a Debt/Equity ratio of 1.37. This is a high value indicating a heavy dependency on external financing.
With a decent Debt to Equity ratio value of 1.37, UTL is doing good in the industry, outperforming 69.23% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.37 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.99 |
ROIC/WACC0.64
WACC6.86%
2.3 Liquidity
A Current Ratio of 0.64 indicates that UTL may have some problems paying its short term obligations.
UTL has a worse Current ratio (0.64) than 73.08% of its industry peers.
UTL has a Quick Ratio of 0.64. This is a bad value and indicates that UTL is not financially healthy enough and could expect problems in meeting its short term obligations.
UTL's Quick ratio of 0.59 is in line compared to the rest of the industry. UTL outperforms 50.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.64 | ||
| Quick Ratio | 0.59 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 8.88% over the past year.
The Earnings Per Share has been growing slightly by 4.81% on average over the past years.
The Revenue has decreased by -1.08% in the past year.
Measured over the past years, UTL shows a small growth in Revenue. The Revenue has been growing by 4.64% on average per year.
EPS 1Y (TTM)8.88%
EPS 3Y9.46%
EPS 5Y4.81%
EPS growth Q2Q6.59%
Revenue 1Y (TTM)-1.08%
Revenue growth 3Y10%
Revenue growth 5Y4.64%
Revenue growth Q2Q-19.75%
3.2 Future
The Earnings Per Share is expected to grow by 5.79% on average over the next years.
Based on estimates for the next years, UTL will show a small growth in Revenue. The Revenue will grow by 3.69% on average per year.
EPS Next Y4.82%
EPS Next 2Y5.37%
EPS Next 3Y5.78%
EPS Next 5Y5.79%
Revenue Next Year5.55%
Revenue Next 2Y4.12%
Revenue Next 3Y3.87%
Revenue Next 5Y3.69%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 18.66, which indicates a rather expensive current valuation of UTL.
Based on the Price/Earnings ratio, UTL is valued a bit more expensive than the industry average as 69.23% of the companies are valued more cheaply.
The average S&P500 Price/Earnings ratio is at 27.73. UTL is valued slightly cheaper when compared to this.
UTL is valuated rather expensively with a Price/Forward Earnings ratio of 17.80.
Compared to the rest of the industry, the Price/Forward Earnings ratio of UTL indicates a rather expensive valuation: UTL more expensive than 84.62% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of UTL to the average of the S&P500 Index (20.41), we can say UTL is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.66 | ||
| Fwd PE | 17.8 |
4.2 Price Multiples
UTL's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. UTL is cheaper than 76.92% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 8.8 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates UTL does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)3.87
PEG (5Y)3.88
EPS Next 2Y5.37%
EPS Next 3Y5.78%
5. Dividend
5.1 Amount
UTL has a Yearly Dividend Yield of 3.25%.
With a Dividend Yield of 3.25, UTL pays less dividend than the industry average, which is at 4.21. 92.31% of the companies listed in the same industry pay a better dividend than UTL!
Compared to an average S&P500 Dividend Yield of 2.41, UTL pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.25% |
5.2 History
The dividend of UTL has a limited annual growth rate of 2.13%.
UTL has paid a dividend for at least 10 years, which is a reliable track record.
UTL has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)2.13%
Div Incr Years9
Div Non Decr Years19
5.3 Sustainability
57.96% of the earnings are spent on dividend by UTL. This is a bit on the high side, but may be sustainable.
UTL's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP57.96%
EPS Next 2Y5.37%
EPS Next 3Y5.78%
UNITIL CORP
NYSE:UTL (5/3/2024, 7:24:11 PM)
After market: 52.63 0 (0%)52.63
+0.25 (+0.48%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryMulti-Utilities
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap850.50M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.25% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.66 | ||
| Fwd PE | 17.8 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)3.87
PEG (5Y)3.88
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.71% | ||
| ROE | 9.24% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 15.63% | ||
| PM (TTM) | 8.11% | ||
| GM | 46.42% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.33
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.37 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.64 | ||
| Quick Ratio | 0.59 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)8.88%
EPS 3Y9.46%
EPS 5Y
EPS growth Q2Q
EPS Next Y4.82%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-1.08%
Revenue growth 3Y10%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y