Unitil
Market Cap
US$628.2m
Last Updated
2021/02/28 23:05 UTC
Data Sources
Company Financials +
Executive Summary
Unitil Corporation, a public utility holding company, engages in the distribution of electricity and natural gas. More Details
Rewards
Risk Analysis
Snowflake Analysis
Established dividend payer and fair value.
Similar Companies
Share Price & News
How has Unitil's share price performed over time and what events caused price changes?
Latest Share Price and Events
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.
Market Performance
7 Day Return
-2.9%
UTL
-4.4%
US Integrated Utilities
-3.6%
US Market
1 Year Return
-25.7%
UTL
-9.4%
US Integrated Utilities
36.4%
US Market
Return vs Industry: UTL underperformed the US Integrated Utilities industry which returned -9.4% over the past year.
Return vs Market: UTL underperformed the US Market which returned 36.4% over the past year.
Shareholder returns
| UTL | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.9% | -4.4% | -3.6% |
| 30 Day | 2.6% | -5.5% | 0.9% |
| 90 Day | 2.3% | -11.0% | 6.7% |
| 1 Year | -23.0%-25.7% | -6.3%-9.4% | 39.4%36.4% |
| 3 Year | 8.3%-1.2% | 19.3%7.3% | 53.4%43.5% |
| 5 Year | 21.6%4.1% | 41.4%18.6% | 117.3%93.0% |
Long-Term Price Volatility Vs. Market
How volatile is Unitil's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Would Shareholders Who Purchased Unitil's (NYSE:UTL) Stock Year Be Happy With The Share price Today?3 weeks ago | Simply Wall St
Analyst Estimates: Here's What Brokers Think Of Unitil Corporation (NYSE:UTL) After Its Annual Report1 month ago | Simply Wall St
Is Unitil Corporation (NYSE:UTL) A Good Fit For Your Dividend Portfolio?Valuation
Is Unitil undervalued compared to its fair value and its price relative to the market?
19.43x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: UTL ($41.84) is trading above our estimate of fair value ($36.9)
Significantly Below Fair Value: UTL is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: UTL is good value based on its PE Ratio (19.4x) compared to the US Integrated Utilities industry average (19.7x).
PE vs Market: UTL is good value based on its PE Ratio (19.4x) compared to the US market (21.3x).
Price to Earnings Growth Ratio
PEG Ratio: UTL is poor value based on its PEG Ratio (1.8x)
Price to Book Ratio
PB vs Industry: UTL is good value based on its PB Ratio (1.6x) compared to the US Integrated Utilities industry average (1.8x).
Next Steps
Future Growth
How is Unitil forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
10.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: UTL's forecast earnings growth (10.7% per year) is above the savings rate (2%).
Earnings vs Market: UTL's earnings (10.7% per year) are forecast to grow slower than the US market (20.1% per year).
High Growth Earnings: UTL's earnings are forecast to grow, but not significantly.
Revenue vs Market: UTL's revenue (5.7% per year) is forecast to grow slower than the US market (10.4% per year).
High Growth Revenue: UTL's revenue (5.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: UTL's Return on Equity is forecast to be low in 3 years time (9.6%).
Next Steps
Past Performance
How has Unitil performed over the past 5 years?
8.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: UTL has high quality earnings.
Growing Profit Margin: UTL's current net profit margins (7.7%) are lower than last year (10.1%).
Past Earnings Growth Analysis
Earnings Trend: UTL's earnings have grown by 8.4% per year over the past 5 years.
Accelerating Growth: UTL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: UTL had negative earnings growth (-27%) over the past year, making it difficult to compare to the Integrated Utilities industry average (5.5%).
Return on Equity
High ROE: UTL's Return on Equity (8.3%) is considered low.
Next Steps
Financial Health
How is Unitil's financial position?
Financial Position Analysis
Short Term Liabilities: UTL's short term assets ($139.3M) exceed its short term liabilities ($136.1M).
Long Term Liabilities: UTL's short term assets ($139.3M) do not cover its long term liabilities ($952.6M).
Debt to Equity History and Analysis
Debt Level: UTL's debt to equity ratio (150.6%) is considered high.
Reducing Debt: UTL's debt to equity ratio has increased from 128.9% to 150.6% over the past 5 years.
Debt Coverage: UTL's debt is not well covered by operating cash flow (12.9%).
Interest Coverage: UTL's interest payments on its debt are not well covered by EBIT (2.8x coverage).
Balance Sheet
Next Steps
Dividend
What is Unitil current dividend yield, its reliability and sustainability?
3.63%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: UTL's dividend (3.63%) is higher than the bottom 25% of dividend payers in the US market (1.34%).
High Dividend: UTL's dividend (3.63%) is low compared to the top 25% of dividend payers in the US market (3.77%).
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 (69.9%), 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 (56.2% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.8yrs
Average management tenure
CEO
Tom Meissner (58 yo)
2.83yrs
Tenure
US$3,592,108
Compensation
Mr. Thomas P. Meissner, Jr., also known as Tom, has been Chairman, President and Chief Executive Officer of Unitil Corp. since April 25, 2018. Mr. Meissner also served as its Senior Vice President of Opera...
CEO Compensation Analysis
Compensation vs Market: Tom's total compensation ($USD3.59M) is above average for companies of similar size in the US market ($USD2.28M).
Compensation vs Earnings: Tom's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 2.83yrs | US$3.59m | 0.51% $ 3.2m | |
| Senior Vice President of External Affairs & Customer Relations | 2.83yrs | US$1.23m | 0.19% $ 1.2m | |
| Senior VP | 0.58yr | no data | 0.035% $ 222.6k | |
| Chief Accounting Officer & Controller | 0.58yr | no data | 0.0099% $ 62.2k | |
| Investor Relations Officer | no data | no data | no data | |
| Corporate Secretary & Secretary of the Board | 18yrs | no data | 0.014% $ 85.4k | |
| Vice President of Administration - Unitil Service | 18yrs | US$728.26k | no data |
2.8yrs
Average Tenure
57.5yo
Average Age
Experienced Management: UTL's management team is considered experienced (2.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 2.83yrs | US$3.59m | 0.51% $ 3.2m | |
| Independent Director | 20.92yrs | US$142.38k | 0.14% $ 870.3k | |
| Director | 2.08yrs | US$2.76m | 0.33% $ 2.1m | |
| Independent Lead Director | no data | US$175.38k | 0.037% $ 231.4k | |
| Independent Director | 19.08yrs | US$144.88k | 0.043% $ 271.2k | |
| Independent Director | 8.17yrs | US$158.88k | 0.012% $ 75.0k | |
| Independent Director | 1.08yrs | no data | 0.012% $ 75.0k | |
| Independent Director | 8.17yrs | US$158.88k | no data | |
| Independent Director | 2.08yrs | US$141.36k | 0.019% $ 121.0k | |
| Independent Director | 2.08yrs | US$141.36k | 0.019% $ 121.0k |
2.8yrs
Average Tenure
59.5yo
Average Age
Experienced Board: UTL's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: UTL insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Unitil Corporation's company bio, 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$628.167m
- Shares outstanding: 15.01m
- Website: https://www.unitil.com
Number of Employees
Location
- Unitil Corporation
- 6 Liberty Lane West
- Hampton
- New Hampshire
- 03842-1720
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| UTL | NYSE (New York Stock Exchange) | Yes | Common Shares | US | USD | Mar 1985 |
Biography
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, an...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/02/28 23:05 |
| End of Day Share Price | 2021/02/26 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.