MDU Resources Group, Inc. (MDU) vs Suburban Propane Partners, L.P. (SPH)

MDU Resources Group, Inc. and Suburban Propane Partners, L.P. are both Utilities Regulated Gas companies. MDU Resources Group, Inc. is the larger, with a market value of $4.0B against $1.1B — 3.5× the size. Suburban Propane Partners, L.P. trades at the lower P/E: 8.7× against 19.7×. MDU Resources Group, Inc. grew revenue faster over the last twelve months: −1.13% against −2.48%. MDU Resources Group, Inc. has the higher net margin (10.8% vs 9.37%) and the lower return on invested capital (3.56% vs 6.83%). Both pay a dividend; Suburban Propane Partners, L.P. yields more (7.61% vs 3.02%). Across the 22 metrics below, Suburban Propane Partners, L.P. leads on 16 and MDU Resources Group, Inc. on 6.

Valuation

Metric MDU SPH Utilities Regulated Gas median
P/E 19.72 8.68 16.06
P/S 2.15 0.82 2.12
P/B 1.34 1.60 1.53
Price to free cash flow n/m 10.89 —
EV/EBITDA 12.29 8.44 11.73
EV/Sales 3.53 1.69 3.56
Earnings yield 5.07% 11.53% 6.16%
Free cash flow yield (9.83%) 9.18% (5.29%)

Profitability

Metric MDU SPH Utilities Regulated Gas median
Gross margin 58.68% 63.14% 63.14%
Operating margin 16.98% 15.13% 21.47%
Net margin 10.75% 9.37% 13.00%
Free cash flow margin (21.10%) 7.51% (13.27%)
Return on equity 6.95% 19.23% 9.47%
Return on assets 2.68% 5.59% 3.80%
Return on invested capital 3.56% 6.83% 4.29%

Growth

Metric MDU SPH Utilities Regulated Gas median
Revenue growth (TTM) (1.13%) (2.48%) 6.36%
EPS growth (last fiscal year) (32.12%) 42.11% 14.04%
Revenue growth, 5-year CAGR (19.46%) 5.27% 6.36%
Net income growth, 5-year CAGR (13.37%) 11.89% 8.10%

Health

Metric MDU SPH Utilities Regulated Gas median
Debt to equity 0.88 1.72 1.22
Current ratio 0.99 0.78 0.78
Net debt to EBITDA 5.31 4.35 4.68

Dividend

Metric MDU SPH Utilities Regulated Gas median
Dividend yield 3.02% 7.61% 3.74%
Payout ratio 0.59 0.66 0.58

Size

Metric MDU SPH Utilities Regulated Gas median
Market cap 3.96b 1.14b 4.55b

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