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UTL

Unitil NYSE:UTL Stock Report

Last Price

US$55.39

Market Cap

US$905.6m

7D

2.3%

1Y

0.5%

Updated

19 May, 2022

Data

Company Financials +
UTL fundamental analysis
Snowflake Score
Valuation2/6
Future Growth1/6
Past Performance4/6
Financial Health3/6
Dividends4/6

UTL Stock Overview

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

Unitil Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Unitil
Historical stock prices
Current Share PriceUS$55.39
52 Week HighUS$57.99
52 Week LowUS$40.53
Beta0.49
1 Month Change9.36%
3 Month Change12.81%
1 Year Change0.53%
3 Year Change-4.71%
5 Year Change15.69%
Change since IPO236.89%

Recent News & Updates

Mar 04
We Think Unitil (NYSE:UTL) Is Taking Some Risk With Its Debt

We Think Unitil (NYSE:UTL) Is Taking Some Risk With Its Debt

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Shareholder Returns

UTLUS Integrated UtilitiesUS Market
7D2.3%0.6%0.5%
1Y0.5%11.1%-11.5%

Return vs Industry: UTL underperformed the US Integrated Utilities industry which returned 11.1% over the past year.

Return vs Market: UTL exceeded the US Market which returned -11.5% over the past year.

Price Volatility

Is UTL's price volatile compared to industry and market?
UTL volatility
UTL Average Weekly Movement4.7%
Integrated Utilities Industry Average Movement2.9%
Market Average Movement7.9%
10% most volatile stocks in US Market17.0%
10% least volatile stocks in US Market3.0%

Stable Share Price: UTL is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: UTL's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1984508Tom Meissnerhttps://unitil.com

Unitil Corporation, a public utility holding company, engages in the distribution of electricity and natural gas. It operates through three segments: Utility Electric Operations, Utility Gas 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$905.59m
Earnings (TTM)US$38.69m
Revenue (TTM)US$527.10m

23.0x

P/E Ratio

1.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
UTL income statement (TTM)
RevenueUS$527.10m
Cost of RevenueUS$361.70m
Gross ProfitUS$165.40m
Other ExpensesUS$126.71m
EarningsUS$38.69m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)2.41
Gross Margin31.38%
Net Profit Margin7.34%
Debt/Equity Ratio122.2%

How did UTL perform over the long term?

See historical performance and comparison

Dividends

2.8%

Current Dividend Yield

62%

Payout Ratio

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


22.95x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: UTL ($55.39) is trading above our estimate of fair value ($47.3)

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 (23x) compared to the US Integrated Utilities industry average (23.6x).

PE vs Market: UTL is poor value based on its PE Ratio (23x) compared to the US market (15.5x).


Price to Earnings Growth Ratio

PEG Ratio: UTL is poor value based on its PEG Ratio (3x)


Price to Book Ratio

PB vs Industry: UTL is good value based on its PB Ratio (1.9x) compared to the US Integrated Utilities industry average (2.2x).


Future Growth

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

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


7.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: UTL's forecast earnings growth (7.6% per year) is above the savings rate (1.9%).

Earnings vs Market: UTL's earnings (7.6% per year) are forecast to grow slower than the US market (12.4% per year).

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

Revenue vs Market: UTL's revenue (1.6% per year) is forecast to grow slower than the US market (7.8% per year).

High Growth Revenue: UTL's revenue (1.6% 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 (9.1%).


Past Performance

How has Unitil performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


3.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: UTL has high quality earnings.

Growing Profit Margin: UTL's current net profit margins (7.3%) are lower than last year (8.4%).


Past Earnings Growth Analysis

Earnings Trend: UTL's earnings have grown by 3.7% per year over the past 5 years.

Accelerating Growth: UTL's earnings growth over the past year (7.8%) exceeds its 5-year average (3.7% per year).

Earnings vs Industry: UTL earnings growth over the past year (7.8%) exceeded the Integrated Utilities industry 6.6%.


Return on Equity

High ROE: UTL's Return on Equity (8.3%) is considered low.


Financial Health

How is Unitil's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: UTL's short term assets ($163.1M) exceed its short term liabilities ($157.7M).

Long Term Liabilities: UTL's short term assets ($163.1M) do not cover its long term liabilities ($929.3M).


Debt to Equity History and Analysis

Debt Level: UTL's net debt to equity ratio (120.8%) is considered high.

Reducing Debt: UTL's debt to equity ratio has reduced from 135.9% to 122.2% over the past 5 years.

Debt Coverage: UTL's debt is not well covered by operating cash flow (15.7%).

Interest Coverage: UTL's interest payments on its debt are well covered by EBIT (3x coverage).


Balance Sheet


Dividend

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

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


2.82%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: UTL's dividend (2.82%) is higher than the bottom 25% of dividend payers in the US market (1.57%).

High Dividend: UTL's dividend (2.82%) is low compared to the top 25% of dividend payers in the US market (4.07%).


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.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (62.2%), UTL's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: UTL is paying a dividend but the company has no free cash flows.


Discover strong dividend paying companies

Management

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

4.1yrs

Average management tenure


CEO

Tom Meissner (59 yo)

4.08yrs

Tenure

US$2,426,750

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 ($USD2.43M) is below average for companies of similar size in the US market ($USD3.83M).

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 (4.1 years average tenure).


Board Members

Experienced Board: UTL's board of directors are considered experienced (4.1 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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.6%.


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
  • Implied Market Cap: US$905.592m
  • Shares outstanding: 16.03m
  • Website: https://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 Analysis2022/05/19 00:00
End of Day Share Price2022/05/19 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.