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UTL

UnitilNYSE:UTL Stock Report

Market Cap

US$671.1m

7D

-3.0%

1Y

5.8%

Updated

25 Oct, 2021

Data

Company Financials +
UTL fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance4/6
Financial Health0/6
Dividends6/6

UTL Overview

Unitil Corporation, a public utility holding company, engages in the distribution of electricity and natural gas.

Unitil Competitors

NiSource

NYSE:NI

US$9.8b

Black Hills

NYSE:BKH

US$4.2b

NorthWestern

NasdaqGS:NWE

US$2.9b

Avista

NYSE:AVA

US$2.8b

Price History & Performance

Summary of all time highs, changes and price drops for Unitil
Historical stock prices
Current Share PriceUS$42.03
52 Week HighUS$32.80
52 Week LowUS$59.32
Beta0.61
1 Month Change-6.64%
3 Month Change-20.88%
1 Year Change5.84%
3 Year Change-13.50%
5 Year Change3.60%
Change since IPO155.64%

Recent News & Updates

Aug 01
Unitil (NYSE:UTL) Has Re-Affirmed Its Dividend Of US$0.38

Unitil (NYSE:UTL) Has Re-Affirmed Its Dividend Of US$0.38

Unitil Corporation ( NYSE:UTL ) has announced that it will pay a dividend of US$0.38 per share on the 27th of August...

Shareholder Returns

UTLUS Integrated UtilitiesUS Market
7D-3.0%2.3%1.7%
1Y5.8%-0.2%30.3%

Return vs Industry: UTL exceeded the US Integrated Utilities industry which returned -0.2% over the past year.

Return vs Market: UTL underperformed the US Market which returned 30.3% over the past year.

Price Volatility

Is UTL's price volatile compared to industry and market?
UTL volatility
UTL Beta0.61
Industry Beta0.51
Market Beta1

Stable Share Price: UTL is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: UTL's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1984510Tom Meissnerhttps://www.unitil.com

Unitil Corporation, a public utility holding company, engages in the distribution of electricity and natural gas. It operates through three segments: Utility Gas Operations, Utility Electric Operations, and Non-Regulated. The company distributes electricity in the southeastern seacoast and state capital regions of New Hampshire, and the greater Fitchburg area of north central Massachusetts; and distributes natural gas in southeastern New Hampshire and portions of southern and central Maine, including the city of Portland and the Lewiston-Auburn area, as well as the greater Fitchburg area of north central Massachusetts.

Unitil Fundamentals Summary

How do Unitil's earnings and revenue compare to its market cap?
UTL fundamental statistics
Market CapUS$671.11m
Earnings (TTM)US$35.49m
Revenue (TTM)US$439.70m

18.9x

P/E Ratio

1.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
UTL income statement (TTM)
RevenueUS$439.70m
Cost of RevenueUS$281.90m
Gross ProfitUS$157.80m
ExpensesUS$122.31m
EarningsUS$35.49m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Nov 02, 2021

Earnings per share (EPS)2.22
Gross Margin35.89%
Net Profit Margin8.07%
Debt/Equity Ratio138.2%

How did UTL perform over the long term?

See historical performance and comparison

Dividends

3.6%

Current Dividend Yield

64%

Payout Ratio

Valuation

Is Unitil undervalued compared to its fair value and its price relative to the market?

5.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: UTL ($42.03) is trading below our estimate of fair value ($44.54)

Significantly Below Fair Value: UTL is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: UTL is good value based on its PE Ratio (18.9x) compared to the US Integrated Utilities industry average (20.3x).

PE vs Market: UTL is poor value based on its PE Ratio (18.9x) compared to the US market (18.2x).


Price to Earnings Growth Ratio

PEG Ratio: UTL is poor value based on its PEG Ratio (2.3x)


Price to Book Ratio

PB vs Industry: UTL is good value based on its PB Ratio (1.7x) compared to the US Integrated Utilities industry average (2x).


Future Growth

How is Unitil forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

8.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: UTL's forecast earnings growth (8.3% per year) is above the savings rate (2%).

Earnings vs Market: UTL's earnings (8.3% per year) are forecast to grow slower than the US market (14.7% per year).

High Growth Earnings: UTL's earnings are forecast to grow, but not significantly.

Revenue vs Market: UTL's revenue (4.9% per year) is forecast to grow slower than the US market (9.9% per year).

High Growth Revenue: UTL's revenue (4.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if UTL's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Unitil performed over the past 5 years?

6.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: UTL has high quality earnings.

Growing Profit Margin: UTL's current net profit margins (8.1%) are higher than last year (7.7%).


Past Earnings Growth Analysis

Earnings Trend: UTL's earnings have grown by 6.6% per year over the past 5 years.

Accelerating Growth: UTL's earnings growth over the past year (10.9%) exceeds its 5-year average (6.6% per year).

Earnings vs Industry: UTL earnings growth over the past year (10.9%) underperformed the Integrated Utilities industry 10.9%.


Return on Equity

High ROE: UTL's Return on Equity (8.9%) is considered low.


Financial Health

How is Unitil's financial position?


Financial Position Analysis

Short Term Liabilities: UTL's short term assets ($114.2M) do not cover its short term liabilities ($133.3M).

Long Term Liabilities: UTL's short term assets ($114.2M) do not cover its long term liabilities ($943.0M).


Debt to Equity History and Analysis

Debt Level: UTL's debt to equity ratio (138.2%) is considered high.

Reducing Debt: UTL's debt to equity ratio has increased from 130.8% to 138.2% over the past 5 years.

Debt Coverage: UTL's debt is not well covered by operating cash flow (18.4%).

Interest Coverage: UTL's interest payments on its debt are not well covered by EBIT (2.9x coverage).


Balance Sheet


Dividend

What is Unitil current dividend yield, its reliability and sustainability?

3.62%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: UTL's dividend (3.62%) is higher than the bottom 25% of dividend payers in the US market (1.28%).

High Dividend: UTL's dividend (3.62%) is in the top 25% of dividend payers in the US market (3.48%)


Stability and Growth of Payments

Stable Dividend: UTL's dividends per share have been stable in the past 10 years.

Growing Dividend: UTL's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (64%), UTL's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: UTL's dividends in 3 years are forecast to be covered by earnings (59.3% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.5yrs

Average management tenure


CEO

Tom Meissner (59 yo)

3.5yrs

Tenure

US$3,977,630

Compensation

Mr. Thomas P. Meissner, Jr., also known as Tom, has been Chairman, President and Chief Executive Officer of Unitil Corp. since April 25, 2018. Mr. Meissner served as Unitil senior vice president and chief...


CEO Compensation Analysis

Compensation vs Market: Tom's total compensation ($USD3.98M) is above average for companies of similar size in the US market ($USD2.29M).

Compensation vs Earnings: Tom's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: UTL's management team is considered experienced (3.5 years average tenure).


Board Members

Experienced Board: UTL's board of directors are considered experienced (3.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.5%.


Top Shareholders

Company Information

Unitil Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Unitil Corporation
  • Ticker: UTL
  • Exchange: NYSE
  • Founded: 1984
  • Industry: Multi-Utilities
  • Sector: Utilities
  • Market Cap: US$671.113m
  • Shares outstanding: 15.97m
  • Website: https://www.unitil.com

Number of Employees


Location

  • Unitil Corporation
  • 6 Liberty Lane West
  • Hampton
  • New Hampshire
  • 03842-1720
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/25 23:11
End of Day Share Price2021/10/25 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.