UNITIL CORP (UTL) Stock Fundamental Analysis
NYSE:UTL - US9132591077 - Common Stock
46.02 USD
-0.94 (-2%)
46.02 USD
0 (0%)
UTL gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 25 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 expensive valuation and it also scores bad on growth. Finally UTL also has an excellent dividend rating.
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.
In the past 5 years UTL has always been profitable.
UTL had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
UTL has a Return On Assets of 2.49%. This is in the lower half of the industry: UTL underperforms 72.00% of its industry peers.
UTL has a Return On Equity of 8.84%. This is comparable to the rest of the industry: UTL outperforms 52.00% of its industry peers.
UTL has a better Return On Invested Capital (4.08%) than 80.00% of its industry peers.
The Average Return On Invested Capital over the past 3 years for UTL is in line with the industry average of 3.82%.
| 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
Looking at the Profit Margin, with a value of 9.54%, UTL is doing worse than 80.00% of the companies in the same industry.
In the last couple of years the Profit Margin of UTL has remained more or less at the same level.
UTL has a Operating Margin of 18.93%. This is in the lower half of the industry: UTL underperforms 72.00% of its industry peers.
In the last couple of years the Operating Margin of UTL has grown nicely.
UTL has a Gross Margin (58.99%) which is in line with its industry peers.
In the last couple of years the Gross Margin of UTL has grown nicely.
| 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
UTL has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it 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.
UTL has a worse debt/assets ratio than last year.
2.2 Solvency
UTL has an Altman-Z score of 0.84. This is a bad value and indicates that UTL is not financially healthy and even has some risk of bankruptcy.
UTL's Altman-Z score of 0.84 is in line compared to the rest of the industry. UTL outperforms 52.00% of its industry peers.
A Debt/Equity ratio of 1.52 is on the high side and indicates that UTL has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 1.52, UTL is in line with its industry, outperforming 56.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.52 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.84 |
ROIC/WACC0.65
WACC6.31%
2.3 Liquidity
UTL has a Current 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 worse Current ratio (0.58) than 84.00% of its industry peers.
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's Quick ratio of 0.52 is on the low side compared to the rest of the industry. UTL is outperformed by 72.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.58 | ||
| Quick Ratio | 0.52 |
3. Growth
3.1 Past
UTL shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -1.99%.
Measured over the past years, UTL shows a decrease in Earnings Per Share. The EPS has been decreasing by -0.27% on average per year.
UTL shows a decrease in Revenue. In the last year, the revenue decreased by -2.78%.
Measured over the past years, UTL shows a small growth in Revenue. The Revenue has been growing by 2.46% on average per year.
EPS 1Y (TTM)-1.99%
EPS 3Y7.33%
EPS 5Y-0.27%
EPS Q2Q%-7.41%
Revenue 1Y (TTM)-2.78%
Revenue growth 3Y1.49%
Revenue growth 5Y2.46%
Sales Q2Q%7.21%
3.2 Future
The Earnings Per Share is expected to grow by 6.69% 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 3.30% on average per year.
EPS Next Y2.03%
EPS Next 2Y4.29%
EPS Next 3Y3.86%
EPS Next 5Y6.69%
Revenue Next Year-4.96%
Revenue Next 2Y1.14%
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
A Price/Earnings ratio of 15.55 indicates a correct valuation of UTL.
UTL's Price/Earnings ratio is a bit cheaper when compared to the industry. UTL is cheaper than 64.00% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.90, UTL is valued a bit cheaper.
The Price/Forward Earnings ratio is 14.44, which indicates a correct valuation of UTL.
Compared to the rest of the industry, the Price/Forward Earnings ratio of UTL is on the same level as its industry peers.
When comparing the Price/Forward Earnings ratio of UTL to the average of the S&P500 Index (22.52), we can say UTL is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.55 | ||
| Fwd PE | 14.44 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, UTL is valued cheaper than 88.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 8.17 |
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)7.64
PEG (5Y)N/A
EPS Next 2Y4.29%
EPS Next 3Y3.86%
5. Dividend
5.1 Amount
UTL has a Yearly Dividend Yield of 3.85%.
Compared to an average industry Dividend Yield of 3.67, 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 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.85% |
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
60.30% of the earnings are spent on dividend by UTL. This is not a sustainable payout ratio.
UTL's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP60.3%
EPS Next 2Y4.29%
EPS Next 3Y3.86%
46.02
-0.94 (-2%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryMulti-Utilities
Earnings (Last)
Earnings (Next)
Inst Owners79.49%
Inst Owner Change3.57%
Ins Owners1.97%
Ins Owner Change0%
Market Cap814.09M
Analysts83.33
Price Target60.18 (30.77%)
Short Float %2.46%
Short Ratio4.49
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.85% |
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)-1.67%
PT rev (3m)0%
EPS NQ rev (1m)-350%
EPS NQ rev (3m)-400%
EPS NY rev (1m)-3.9%
EPS NY rev (3m)-3.9%
Revenue NQ rev (1m)1.41%
Revenue NQ rev (3m)4.64%
Revenue NY rev (1m)-6%
Revenue NY rev (3m)-8%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.55 | ||
| Fwd PE | 14.44 | ||
| P/S | 1.65 | ||
| P/FCF | N/A | ||
| P/OCF | 5.67 | ||
| P/B | 1.53 | ||
| P/tB | 1.53 | ||
| EV/EBITDA | 8.17 |
EPS(TTM)2.96
EY6.43%
EPS(NY)3.19
Fwd EY6.92%
FCF(TTM)-2.38
FCFYN/A
OCF(TTM)8.12
OCFY17.65%
SpS27.91
BVpS30.12
TBVpS30.03
PEG (NY)7.64
PEG (5Y)N/A
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%
ROICexcg growth 3Y-0.13%
ROICexcg 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 | 0.84 |
F-Score4
WACC6.31%
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)-1.99%
EPS 3Y7.33%
EPS 5Y-0.27%
EPS Q2Q%-7.41%
EPS Next Y2.03%
EPS Next 2Y4.29%
EPS Next 3Y3.86%
EPS Next 5Y6.69%
Revenue 1Y (TTM)-2.78%
Revenue growth 3Y1.49%
Revenue growth 5Y2.46%
Sales Q2Q%7.21%
Revenue Next Year-4.96%
Revenue Next 2Y1.14%
Revenue Next 3Y-0.05%
Revenue Next 5Y3.3%
EBIT growth 1Y1.19%
EBIT growth 3Y5.21%
EBIT growth 5Y4.39%
EBIT Next Year108.29%
EBIT Next 3Y34.07%
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%