A Business at a Glance
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UNITIL CORP
UTL
$934M
Mkt Cap
$55.58
+0.54%
UNITIL CORP (UTL) has a current P/E ratio of 18.7, compared to its historical median P/E of 17.3. The stock is currently considered Expensive based on its historical valuation range.
UNITIL CORP (UTL) has a 5-year average return on invested capital (ROIC) of 5.9%. This is below average and may indicate limited pricing power.
UNITIL CORP (UTL) has a market capitalization of $1000M. It is classified as a small-cap stock.
Yes, UNITIL CORP (UTL) pays a dividend with a trailing twelve-month yield of 3.13%.
Based on historical P/E analysis, UNITIL CORP (UTL) appears expensive. The current P/E of 18.7 is 8% above its historical median of 17.3. The estimated fair value CAGR (P/E method) is 3.4%.
UNITIL CORP (UTL) operates in the Electric & Other Services Combined industry, within the Utilities sector.
UNITIL CORP (UTL) reported annual revenue of $536 million in its most recent fiscal year, based on SEC EDGAR filings.
UNITIL CORPORATION In this Annual Report on Form 10-K, the “Company”, “Unitil”, “we”, and “our” refer to Unitil Corporation and its subsidiaries, unless the context requires otherwise. Unitil is a public utility holding company incorporated under the laws of the State of New Hampshire in 1984. The following companies are wholly-owned subsidiaries of Unitil: Company Name State and Year ofOrganization Principal Business Unitil Energy Systems, Inc. (Unitil Energy) NH - 1901 Electric Distribution Utility Fitchburg Gas and Electric Light Company (Fitchburg) MA - 1852 Electric & Natural Gas Distribution Utility Northern Utilities, Inc. (Northern Utilities) NH - 1979 Natural Gas Distribution Utility Bangor Natural Gas Company (Bangor) ME - 1998 Natural Gas Distribution Utility Maine Natural Gas Corporation (Maine Natural) ME - 1998 Natural Gas Distribution Utility Granite State Gas Transmission, Inc. (Granite State) NH - 1955 Natural Gas Transmission Pipeline Unitil Power Corp.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 582M | 536M | 495M | 557M | 563M | 473M |
| Net Income | 56M | 50M | 47M | 45M | 41M | 36M |
| EPS | $3.12 | $2.97 | $2.93 | $2.82 | $2.59 | $2.35 |
| Free Cash Flow | -56M | -54M | -44M | -34M | -24M | -7.2M |
| ROIC | 5.4% | 5.6% | 5.8% | 6.0% | 6.1% | 5.9% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 1.46 | 1.53 | 1.47 | 1.39 | 1.32 | 1.28 |
| Dividends/Share | $1.74 | $1.80 | $1.70 | $1.62 | $1.56 | $1.52 |
| Operating Income | 111M | 101M | 91M | 87M | 81M | 78M |
| Operating Margin | 19.1% | 18.9% | 18.3% | 15.6% | 14.3% | 16.4% |
| ROE | 8.7% | 8.9% | 9.4% | 9.4% | 9.0% | 8.6% |
| Shares Outstanding | 18M | 17M | 16M | 16M | 16M | 15M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 426M | 427M | 383M | 406M | 444M | 438M | 419M | 473M | 563M | 557M | 495M | 536M | 582M |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EBIT | 60M | 63M | 70M | 75M | 71M | 73M | 71M | 78M | 81M | 87M | 91M | 101M | 111M |
| Op. Margin | 14.1% | 14.8% | 18.3% | 18.6% | 16.0% | 16.7% | 17.1% | 16.4% | 14.3% | 15.6% | 18.3% | 18.9% | 19.1% |
| Net Income | 25M | 26M | 27M | 29M | 33M | 44M | 32M | 36M | 41M | 45M | 47M | 50M | 56M |
| Net Margin | 5.8% | 6.2% | 7.1% | 7.1% | 7.4% | 10.1% | 7.7% | 7.6% | 7.4% | 8.1% | 9.5% | 9.3% | 9.6% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 13M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 6.2% | 6.3% | 6.7% | 6.4% | 7.1% | 6.5% | 5.8% | 5.9% | 6.1% | 6.0% | 5.8% | 5.6% | 5.4% |
| ROE | 9.2% | 9.5% | 9.4% | 9.2% | 9.6% | 12.1% | 8.4% | 8.6% | 9.0% | 9.4% | 9.4% | 8.9% | 8.7% |
| ROA | 2.6% | 2.6% | 2.5% | 2.4% | 2.6% | 3.3% | 2.3% | 2.4% | 2.6% | 2.8% | 2.7% | 2.5% | 2.6% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 84M | 115M | 68M | 86M | 79M | 105M | 76M | 108M | 98M | 107M | 126M | 131M | 129M |
| Free Cash Flow | -8.6M | 11M | -30M | -33M | -24M | -14M | -47M | -7.2M | -24M | -34M | -44M | -54M | -56M |
| Owner Earnings | 41M | 68M | 20M | 37M | 26M | 51M | 20M | 47M | 33M | 38M | 47M | 39M | 35M |
| CapEx | 93M | 104M | 98M | 119M | 102M | 119M | 123M | 115M | 122M | 141M | 170M | 185M | 185M |
| Maint. CapEx | 42M | 46M | 47M | 47M | 50M | 52M | 55M | 60M | 63M | 67M | 76M | 89M | 90M |
| Growth CapEx | 51M | 58M | 52M | 72M | 52M | 67M | 68M | 56M | 60M | 74M | 94M | 96M | 95M |
| D&A | 42M | 46M | 47M | 47M | 50M | 52M | 55M | 60M | 63M | 67M | 76M | 89M | 90M |
| CapEx/OCF | 110.2% | 90.3% | 143.6% | 138.4% | 130.4% | 113.6% | 162.0% | 106.7% | 125.0% | 131.8% | 134.9% | 141.0% | 143.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 19M | 20M | 20M | 20M | 22M | 22M | 23M | 24M | 25M | 26M | 28M | 30M | 31M |
| Dividend Yield | 6.2% | 5.7% | 4.8% | 4.0% | 3.9% | 3.2% | 3.8% | 3.8% | 3.4% | 3.5% | 3.3% | 3.5% | 3.1% |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 1.4M | 1.5M | 1.9M | 2.1M | 2.1M | 2.3M | 1.7M | 1.3M | 1.8M | 1.6M | 2.5M | 3.5M | 3.8M |
| Debt Repayment | 4.4M | 7.4M | 19M | 17M | 30M | 19M | 25M | 26M | 10M | 6.9M | 4.9M | 4.9M | 4.9M |
| Balance Sheet | |||||||||||||
| Net Debt | 354M | 356M | 410M | 436M | 482M | 514M | 580M | 568M | 607M | 675M | 750M | 918M | 910M |
| Cash & Equiv. | 8.4M | 8.7M | 5.8M | 8.9M | 7.8M | 5.2M | 6.0M | 6.5M | 9.0M | 6.5M | 6.3M | 16M | 17M |
| Long-Term Debt | 329M | 306M | 317M | 376M | 387M | 438M | 523M | 498M | 489M | 509M | 638M | 633M | 631M |
| Debt/Equity | 1.33 | 1.29 | 1.42 | 1.32 | 1.39 | 1.38 | 1.51 | 1.28 | 1.32 | 1.39 | 1.47 | 1.53 | 1.46 |
| Interest Coverage | 2.7 | 2.7 | 3.0 | 3.0 | 2.7 | 2.7 | 2.7 | 2.9 | 2.8 | 2.5 | 2.4 | 2.3 | 2.3 |
| Equity | 273M | 283M | 293M | 337M | 351M | 377M | 389M | 449M | 468M | 489M | 513M | 610M | 636M |
| Total Assets | 997M | 1.0B | 1.1B | 1.2B | 1.3B | 1.4B | 1.5B | 1.5B | 1.6B | 1.7B | 1.8B | 2.1B | 2.2B |
| Total Liabilities | 724M | 148M | 183M | 905M | 947M | 994M | 151M | 1.1B | 1.1B | 1.2B | 1.3B | 1.5B | 5.6M |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | 38M | 45M | 52M | 61M | 72M | 94M | 104M | 116M | 133M | 152M | 171M | 191M | 216M |
| Working Capital | 16M | -24M | -45M | 300K | -40M | -29M | 3.2M | -14M | -65M | -100M | -40M | -186M | -179M |
| Current Assets | 145M | 121M | 132M | 151M | 152M | 131M | 139M | 160M | 195M | 177M | 189M | 240M | 237M |
| Current Liabilities | 129M | 144M | 177M | 151M | 193M | 160M | 136M | 174M | 260M | 277M | 229M | 426M | 416M |
| Per Share Data | |||||||||||||
| EPS | 1.79 | 1.89 | 1.94 | 2.06 | 2.23 | 2.97 | 2.15 | 2.35 | 2.59 | 2.82 | 2.93 | 2.97 | 3.12 |
| Owner EPS | 2.94 | 4.88 | 1.42 | 2.64 | 1.76 | 3.40 | 1.30 | 3.06 | 2.08 | 2.37 | 2.94 | 2.33 | 1.96 |
| Book Value | 19.81 | 20.32 | 20.98 | 23.92 | 23.74 | 25.32 | 25.99 | 29.20 | 29.25 | 30.53 | 31.88 | 36.28 | 35.35 |
| Cash Flow/Share | 6.09 | 8.27 | 4.89 | 6.12 | 5.30 | 7.05 | 5.05 | 7.02 | 6.11 | 6.68 | 7.83 | 7.81 | 8.11 |
| Dividends/Share | 1.38 | 1.40 | 1.42 | 1.44 | 1.46 | 1.48 | 1.50 | 1.52 | 1.56 | 1.62 | 1.70 | 1.80 | 1.74 |
| Shares Out. | 13.8M | 13.9M | 14.0M | 14.1M | 14.8M | 14.9M | 15.0M | 15.4M | 16.0M | 16.0M | 16.1M | 16.8M | 18.0M |
| Valuation | |||||||||||||
| P/E Ratio | 14.6 | 13.9 | 17.3 | 17.2 | 18.1 | 16.8 | 17.1 | 16.9 | 17.8 | 17.3 | 17.6 | 16.3 | 17.8 |
| P/FCF | N/A | 32.6 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EV/EBIT | 11.8 | 11.3 | 13.4 | 12.3 | 15.0 | 17.1 | 15.8 | 15.0 | 16.5 | 16.6 | 17.3 | 16.9 | 17.2 |
| Price/Book | 1.3 | 1.3 | 1.6 | 1.5 | 1.7 | 2.0 | 1.4 | 1.4 | 1.6 | 1.6 | 1.6 | 1.3 | 1.6 |
| Price/Sales | N/A | N/A | N/A | 1.3 | 1.3 | 1.6 | 1.4 | 1.3 | 1.3 | 1.4 | 1.7 | 1.6 | 1.7 |
| FCF Yield | -2.4% | 3.1% | -6.4% | -6.6% | -4.0% | -1.9% | -8.5% | -1.2% | -3.3% | -4.3% | -5.3% | -6.6% | -5.6% |
| Market Cap | 360M | 365M | 469M | 499M | 598M | 745M | 552M | 609M | 738M | 784M | 827M | 818M | 1000M |
| Avg. Price | 22.34 | 24.87 | 29.90 | 36.58 | 37.82 | 46.54 | 39.36 | 40.92 | 45.96 | 47.02 | 51.48 | 50.53 | 55.58 |
| Year-End Price | 26.09 | 26.25 | 33.55 | 35.47 | 40.42 | 50.04 | 36.83 | 39.63 | 46.15 | 48.89 | 51.44 | 48.40 | 55.58 |
UNITIL CORP passes 3 of 9 quality checks, indicating weak fundamentals.
UNITIL CORP trades at 18.7x trailing earnings, compared to its 15-year median P/E of 17.3x, suggesting it is currently Expensive relative to its historical range. The company's 5-year average ROIC is 5.9%. Total shareholder yield (dividends) is 3.1%. At current prices, the estimated annualized return to fair value is +3.4%.
UNITIL CORP (UTL) has a net profit margin of 9.3%. This is a modest margin.
UNITIL CORP (UTL) generated $-54 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
UNITIL CORP (UTL) has a debt-to-equity ratio of 1.53. This indicates higher leverage, which may increase financial risk.
UNITIL CORP (UTL) reported earnings per share (EPS) of $2.97 in its most recent fiscal year.
UNITIL CORP (UTL) has a return on equity (ROE) of 8.9%. This indicates moderate shareholder returns.
The Ledger Terminal provides 15 years of financial data for UNITIL CORP (UTL), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
UNITIL CORP (UTL) has a book value per share of $36.28, based on its most recent annual SEC filing.
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