UNITIL CORP (UTL) Stock Fundamental Analysis
USA - NYSE:UTL - US9132591077 - Common Stock
47.88 USD
+0.31 (+0.65%)
47.88 USD
0 (0%)
We assign a fundamental rating of 3 out of 10 to UTL. UTL was compared to 26 industry peers in the Multi-Utilities industry. UTL has a medium profitability rating, but doesn't score so well on its financial health evaluation. UTL has a correct valuation and a medium growth rate. Finally UTL also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year UTL was profitable.
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
UTL has a worse Return On Assets (2.49%) than 73.08% of its industry peers.
UTL has a Return On Equity (8.84%) which is comparable to the rest of the industry.
UTL has a Return On Invested Capital (4.08%) which is comparable to the rest of the industry.
UTL had an Average Return On Invested Capital over the past 3 years of 4.27%. This is in line with the industry average of 3.89%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.49% | ||
| ROE | 8.84% | ||
| ROIC | 4.08% |
ROA(3y)2.64%
ROA(5y)2.49%
ROE(3y)9.09%
ROE(5y)8.72%
ROIC(3y)4.27%
ROIC(5y)4.19%
1.3 Margins
UTL has a Profit Margin of 9.54%. This is in the lower half of the industry: UTL underperforms 61.54% of its industry peers.
UTL's Profit Margin has been stable in the last couple of years.
With a Operating Margin value of 18.93%, UTL is not doing good in the industry: 69.23% of the companies in the same industry are doing better.
In the last couple of years the Operating Margin of UTL has grown nicely.
UTL has a Gross Margin (58.99%) which is comparable to the rest of the industry.
UTL's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.93% | ||
| PM (TTM) | 9.54% | ||
| GM | 58.99% |
OM growth 3Y3.66%
OM growth 5Y1.88%
PM growth 3Y7.66%
PM growth 5Y-1.15%
GM growth 3Y4.4%
GM growth 5Y2.46%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), UTL is destroying value.
UTL has more shares outstanding than it did 1 year ago.
The number of shares outstanding for UTL has been increased compared to 5 years ago.
The debt/assets ratio for UTL is higher compared to a year ago.
2.2 Solvency
UTL has an Altman-Z score of 0.86. This is a bad value and indicates that UTL is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of UTL (0.86) is comparable to the rest of the industry.
A Debt/Equity ratio of 1.52 is on the high side and indicates that UTL has dependencies on debt financing.
UTL has a Debt to Equity ratio (1.52) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.52 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.86 |
ROIC/WACC0.65
WACC6.3%
2.3 Liquidity
A Current Ratio of 0.58 indicates that UTL may have some problems paying its short term obligations.
With a Current ratio value of 0.58, UTL is not doing good in the industry: 76.92% of the companies in the same industry are doing better.
UTL has a Quick Ratio of 0.58. 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 has a Quick ratio of 0.52. This is in the lower half of the industry: UTL underperforms 69.23% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.58 | ||
| Quick Ratio | 0.52 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 2.05% over the past year.
UTL shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -0.27% yearly.
UTL shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -11.18%.
The Revenue has been growing slightly by 2.46% on average over the past years.
EPS 1Y (TTM)2.05%
EPS 3Y7.33%
EPS 5Y-0.27%
EPS Q2Q%N/A
Revenue 1Y (TTM)-11.18%
Revenue growth 3Y1.49%
Revenue growth 5Y2.46%
Sales Q2Q%8.83%
3.2 Future
Based on estimates for the next years, UTL will show a small growth in Earnings Per Share. The EPS will grow by 6.69% on average per year.
The Revenue is expected to grow by 3.30% on average over the next years.
EPS Next Y2.03%
EPS Next 2Y3.79%
EPS Next 3Y3.86%
EPS Next 5Y6.69%
Revenue Next Year-5.78%
Revenue Next 2Y1.36%
Revenue Next 3Y-0.05%
Revenue Next 5Y3.3%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 16.01, the valuation of UTL can be described as correct.
Based on the Price/Earnings ratio, UTL is valued a bit cheaper than the industry average as 69.23% of the companies are valued more expensively.
UTL's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 25.83.
A Price/Forward Earnings ratio of 15.17 indicates a correct valuation of UTL.
Compared to the rest of the industry, the Price/Forward Earnings ratio of UTL indicates a somewhat cheap valuation: UTL is cheaper than 61.54% of the companies listed in the same industry.
UTL is valuated cheaply when we compare the Price/Forward Earnings ratio to 32.68, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.01 | ||
| Fwd PE | 15.17 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, UTL is valued a bit cheaper than the industry average as 73.08% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 8.33 |
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)7.87
PEG (5Y)N/A
EPS Next 2Y3.79%
EPS Next 3Y3.86%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.78%, UTL has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.53, UTL pays a bit more dividend than its industry peers.
UTL's Dividend Yield is rather good when compared to the S&P500 average which is at 2.37.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.78% |
5.2 History
The dividend of UTL has a limited annual growth rate of 2.79%.
UTL has been paying a dividend for at least 10 years, so it has 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)2.79%
Div Incr Years10
Div Non Decr Years34
5.3 Sustainability
UTL pays out 60.30% of its income as dividend. This is not a sustainable payout ratio.
The dividend of UTL is growing, but earnings are growing more, so the dividend growth is sustainable.
DP60.3%
EPS Next 2Y3.79%
EPS Next 3Y3.86%
47.88
+0.31 (+0.65%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryMulti-Utilities
Earnings (Last)
Earnings (Next)
Inst Owners75.63%
Inst Owner Change-0.3%
Ins Owners1.82%
Ins Owner Change2.18%
Market Cap847.00M
Revenue(TTM)494.80M
Net Income(TTM)47.10M
Analysts83.33
Price Target60.18 (25.69%)
Short Float %2.2%
Short Ratio3.07
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.78% |
Yearly Dividend1.7
Dividend Growth(5Y)2.79%
DP60.3%
Div Incr Years10
Div Non Decr Years34
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-7.96%
Min EPS beat(2)-14.65%
Max EPS beat(2)-1.27%
EPS beat(4)1
Avg EPS beat(4)-28.71%
Min EPS beat(4)-100%
Max EPS beat(4)1.09%
EPS beat(8)4
Avg EPS beat(8)-4.69%
EPS beat(12)7
Avg EPS beat(12)24.82%
EPS beat(16)9
Avg EPS beat(16)18.36%
Revenue beat(2)1
Avg Revenue beat(2)-5.91%
Min Revenue beat(2)-12.39%
Max Revenue beat(2)0.58%
Revenue beat(4)1
Avg Revenue beat(4)-14.94%
Min Revenue beat(4)-27.23%
Max Revenue beat(4)0.58%
Revenue beat(8)2
Avg Revenue beat(8)-13.12%
Revenue beat(12)6
Avg Revenue beat(12)-2.49%
Revenue beat(16)10
Avg Revenue beat(16)0.82%
PT rev (1m)0%
PT rev (3m)-1.67%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-350%
EPS NY rev (1m)0%
EPS NY rev (3m)-3.9%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.41%
Revenue NY rev (1m)-0.86%
Revenue NY rev (3m)-6.81%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.01 | ||
| Fwd PE | 15.17 | ||
| P/S | 1.72 | ||
| P/FCF | N/A | ||
| P/OCF | 5.89 | ||
| P/B | 1.59 | ||
| P/tB | 1.59 | ||
| EV/EBITDA | 8.33 |
EPS(TTM)2.99
EY6.24%
EPS(NY)3.16
Fwd EY6.59%
FCF(TTM)-2.38
FCFYN/A
OCF(TTM)8.12
OCFY16.97%
SpS27.91
BVpS30.12
TBVpS30.03
PEG (NY)7.87
PEG (5Y)N/A
Graham Number45.01
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.49% | ||
| ROE | 8.84% | ||
| ROCE | 5.85% | ||
| ROIC | 4.08% | ||
| ROICexc | 4.1% | ||
| ROICexgc | 4.1% | ||
| OM | 18.93% | ||
| PM (TTM) | 9.54% | ||
| GM | 58.99% | ||
| FCFM | N/A |
ROA(3y)2.64%
ROA(5y)2.49%
ROE(3y)9.09%
ROE(5y)8.72%
ROIC(3y)4.27%
ROIC(5y)4.19%
ROICexc(3y)4.29%
ROICexc(5y)4.21%
ROICexgc(3y)4.29%
ROICexgc(5y)4.21%
ROCE(3y)6.03%
ROCE(5y)5.82%
ROICexgc growth 3Y-0.13%
ROICexgc growth 5Y-1.21%
ROICexc growth 3Y-0.13%
ROICexc growth 5Y-1.21%
OM growth 3Y3.66%
OM growth 5Y1.88%
PM growth 3Y7.66%
PM growth 5Y-1.15%
GM growth 3Y4.4%
GM growth 5Y2.46%
F-Score4
Asset Turnover0.26
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.52 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 4.56 | ||
| Cap/Depr | 222.52% | ||
| Cap/Sales | 37.63% | ||
| Interest Coverage | 2.73 | ||
| Cash Conversion | 81.19% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.58 | ||
| Quick Ratio | 0.52 | ||
| Altman-Z | 0.86 |
F-Score4
WACC6.3%
ROIC/WACC0.65
Cap/Depr(3y)209.17%
Cap/Depr(5y)209.15%
Cap/Sales(3y)27.11%
Cap/Sales(5y)26.98%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)2.05%
EPS 3Y7.33%
EPS 5Y-0.27%
EPS Q2Q%N/A
EPS Next Y2.03%
EPS Next 2Y3.79%
EPS Next 3Y3.86%
EPS Next 5Y6.69%
Revenue 1Y (TTM)-11.18%
Revenue growth 3Y1.49%
Revenue growth 5Y2.46%
Sales Q2Q%8.83%
Revenue Next Year-5.78%
Revenue Next 2Y1.36%
Revenue Next 3Y-0.05%
Revenue Next 5Y3.3%
EBIT growth 1Y1.19%
EBIT growth 3Y5.21%
EBIT growth 5Y4.39%
EBIT Next Year105.01%
EBIT Next 3Y33.05%
EBIT Next 5YN/A
FCF growth 1Y7.06%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y61.28%
OCF growth 3Y5.31%
OCF growth 5Y3.72%
UNITIL CORP / UTL FAQ
Can you provide the ChartMill fundamental rating for UNITIL CORP?
ChartMill assigns a fundamental rating of 3 / 10 to UTL.
Can you provide the valuation status for UNITIL CORP?
ChartMill assigns a valuation rating of 4 / 10 to UNITIL CORP (UTL). This can be considered as Fairly Valued.
Can you provide the profitability details for UNITIL CORP?
UNITIL CORP (UTL) has a profitability rating of 4 / 10.
What is the valuation of UNITIL CORP based on its PE and PB ratios?
The Price/Earnings (PE) ratio for UNITIL CORP (UTL) is 16.01 and the Price/Book (PB) ratio is 1.59.
How sustainable is the dividend of UNITIL CORP (UTL) stock?
The dividend rating of UNITIL CORP (UTL) is 7 / 10 and the dividend payout ratio is 60.3%.