| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | — | — | — | — | — |
| Sell | — | — | — | — | — | — | — | — | — | — | — | — |
| total | individual payouts | |
|---|---|---|
| 2028 | ‡‡‡‡‡ |
|
| 2027 | ‡‡‡ |
|
| 2026 | 1.90 |
—
—
—
|
| 2025 | 1.80 |
—
—
—
—
|
| 2024 | 1.70 |
—
—
—
—
|
| 2023 | 1.62 |
—
—
—
—
|
| 2022 | 1.56 |
—
—
—
—
|
| 2021 | 1.52 |
—
—
—
—
|
| 2020 | 1.50 |
—
—
—
—
|
| 2019 | 1.48 |
—
—
—
—
|
| 2018 | 1.46 |
—
—
—
—
|
| 2017 | 1.44 |
—
—
—
—
|
| 2016 | 1.78 |
—
—
—
—
—
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 6.50 | 6.30 | 15.60 | 9.20 |
| Receivables | 84.40 | 81.40 | 108.40 | 83.70 |
| Inventory | 14.50 | 15.30 | 16.70 | 17.20 |
| Other | 63.40 | 77.40 | 87.00 | 69.50 |
| 177.10 | 188.80 | 240.10 | 198.50 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 47.70 | 49.70 | 62.90 | 43.50 |
| ST’ Debt | 4.90 | 4.90 | 37.90 | 40.80 |
| Other | 37.90 | 48.10 | 46.20 | 52.90 |
| 277.30 | 228.70 | 425.80 | 404.50 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Earnings | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Book Value | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 216.90 | 117.00 | — | — |
—
|
| ’25 | 170.80 | 102.60 | 101.10 | 161.50 |
536.00
|
| ’24 | 178.70 | 95.70 | 92.90 | 127.50 |
494.80
|
| ’23 | 220.20 | 103.40 | 103.90 | 129.60 |
557.10
|
| ’22 | 192.60 | 98.90 | 110.20 | 161.50 |
563.20
|
| ’21 | 138.80 | 96.60 | 98.10 | 139.80 |
473.30
|
| ’20 | 130.40 | 83.90 | 87.40 | 116.90 |
418.60
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 50.10 | 55.70 | — | — |
—
|
| ’25 | 52.10 | 42.20 | 15.60 | 21.40 |
131.30
|
| ’24 | 26.60 | 49.90 | 26.10 | 23.30 |
125.90
|
| ’23 | 15.30 | 47.10 | 16.30 | 28.30 |
107.00
|
| ’22 | 29.10 | 41.90 | 11.70 | 15.00 |
97.70
|
| ’21 | 47.70 | 36.70 | 11.50 | 11.90 |
107.80
|
| ’20 | 27.90 | 30.40 | 16.60 | 0.80 |
75.70
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 17.70 | 12.10 | — | — |
—
|
| ’25 | 19.50 | 2.00 | (39.00) | (36.30) |
(53.80)
|
| ’24 | 6.40 | 13.20 | (31.30) | (32.30) |
(44.00)
|
| ’23 | (6.90) | 11.70 | (19.50) | (19.30) |
(34.00)
|
| ’22 | 13.70 | 12.00 | (25.50) | (24.60) |
(24.40)
|
| ’21 | 33.60 | 8.30 | (27.50) | (21.60) |
(7.20)
|
| ’20 | 11.10 | (1.60) | (28.20) | (28.20) |
(46.90)
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 1.85 | 0.26 | — | — |
—
|
| ’25 | 1.69 | 0.25 | (0.02) | 1.08 |
2.97
|
| ’24 | 1.69 | 0.27 | 0.00 | 0.97 |
2.93
|
| ’23 | 1.51 | 0.25 | 0.09 | 0.97 |
2.82
|
| ’22 | 1.35 | 0.30 | 0.03 | 0.91 |
2.59
|
| ’21 | 1.26 | 0.18 | 0.00 | 0.93 |
2.35
|
| ’20 | 1.02 | 0.21 | 0.02 | 0.90 |
2.15
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | 44.02 | 41.43 | 45.26 | 44.61 | — | — | — |
Low Price
|
| ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 61.10 | 60.59 | 63.52 | 59.99 | — | — | — |
High Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 516 | 531 | 544 | 595 | — | — | — |
Employees
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.09 | 1.05 | 0.91 | 0.90 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 563.20 | 557.10 | 494.80 | 536.00 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 43.09% | 46.42% | 55.42% | 58.53% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 52.60 | 58.40 | 61.10 | 65.50 | — | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 9.34% | 10.48% | 12.35% | 12.22% | ‡‡‡ | ‡‡‡ | ‡‡‡ |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 41.40 | 45.20 | 47.10 | 50.20 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 62.60 | 67.40 | 76.10 | 88.70 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 35.20 | 34.82 | 30.73 | 31.90 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue/Sh
|
| ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | 2.59 | 2.82 | 2.93 | 2.97 | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡ | 6.11 | 6.69 | 7.82 | 7.82 | — | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (7.63) | (8.81) | (10.55) | (11.02) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (1.52) | (2.12) | (2.73) | (3.20) | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 29.23 | 30.58 | 31.83 | 36.29 | — | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 16.00 | 16.00 | 16.10 | 16.80 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Shares
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 19.55 | 18.91 | 18.49 | 16.15 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.44 | 1.53 | 1.76 | 1.52 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PS Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.73 | 1.74 | 1.70 | 1.34 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.30 | 2.44 | 3.05 | 2.74 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡ |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (53.15) | (40.02) | (34.31) | (27.30) | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 97.70 | 107.00 | 125.90 | 131.30 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (122.10) | (141.00) | (169.90) | (185.10) | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (24.40) | (34.00) | (44.00) | (53.80) | — | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (65.30) | (100.20) | (39.90) | (185.70) | — | — | — |
Working Cap'
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 495.80 | 514.00 | 643.30 | 670.50 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 486.80 | 507.50 | 637.00 | 654.90 | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 467.60 | 489.30 | 512.50 | 609.60 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.64% | 2.77% | 2.72% | 2.54% | — | — | — |
ROA
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5.27% | 5.46% | 4.93% | 5.00% | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 9.04% | 9.45% | 9.41% | 8.90% | — | — | — |
ROE
|
Unitil Corporation (UTL), a regulated Northeast utility, exemplifies reliable compounding amid volatile markets, with revenue surging 47% from 2016 to 2022 through customer growth, rate approvals, and weather-driven demand, before temporary dips from milder winters. Fundamentals shine: net income up 74% to $47 million in 2024, EPS rising 51% to $2.93, gross margins recovering to 55.4%, and robust operating cash flow at $126 million despite heavy capex for grid upgrades. Valuation metrics allure, with trailing PE at 18.5x compressing to ~15x forward, PB at 1.3x, and EV/Sales at 2.7x—trading at a peer discount amid steady ~4% dividends.
Analysts forecast acceleration: revenue rebounding 15% to $572 million in 2025 and 31% cumulatively to $631 million by 2028, net income to $70 million (+48%), and EPS to $3.55, fueled by IRA-backed infrastructure investments and renewables integration. Manageable debt (1.2x equity), stable ROE (~9%), and pricing power from rate cases underpin resilience against risks like mild weather or rising rates.
This underappreciated backbone offers sleepy stability for income investors, with potential 15-20% stock upside by 2028 if execution holds—pairing defensive yields with a utility renaissance.
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