Unitil Corporation (UTL) Bundle
Understanding Unitil Corporation (UTL) Revenue Streams
Revenue Analysis
Unitil Corporation's revenue analysis reveals detailed financial insights based on the most recent available financial data.
Revenue Metric | 2022 Amount | 2023 Amount | Percentage Change |
---|---|---|---|
Total Operating Revenue | $541.2 million | $573.4 million | +5.9% |
Electric Revenue | $342.7 million | $362.5 million | +5.8% |
Natural Gas Revenue | $198.5 million | $210.9 million | +6.2% |
Revenue Streams Breakdown
- Electric Distribution: 63.2% of total revenue
- Natural Gas Distribution: 36.8% of total revenue
- Operational Regions: Massachusetts, New Hampshire, Maine
Key Revenue Drivers
Primary revenue sources include:
- Regulated utility services
- Retail electricity sales
- Natural gas distribution
- Customer service charges
Revenue Growth Indicators
Metric | 2022 | 2023 |
---|---|---|
Customer Base Growth | 174,500 | 177,300 |
Average Revenue per Customer | $3,100 | $3,235 |
A Deep Dive into Unitil Corporation (UTL) Profitability
Profitability Metrics Analysis
Unitil Corporation's profitability metrics reveal significant financial performance indicators for investors.
Profitability Metric | 2022 Value | 2023 Value |
---|---|---|
Gross Profit Margin | 36.7% | 38.2% |
Operating Profit Margin | 14.5% | 15.3% |
Net Profit Margin | 9.8% | 10.6% |
Key profitability insights include:
- Gross profit increased from $214.3 million in 2022 to $229.7 million in 2023
- Operating income rose from $86.2 million to $92.1 million
- Net income improved from $58.4 million to $63.7 million
Operational efficiency metrics demonstrate consistent performance:
Efficiency Metric | 2022 | 2023 |
---|---|---|
Operating Expenses Ratio | 22.2% | 22.9% |
Return on Equity | 10.5% | 11.3% |
Return on Assets | 4.7% | 5.1% |
Industry comparative analysis indicates competitive positioning with margins slightly above utility sector averages.
Debt vs. Equity: How Unitil Corporation (UTL) Finances Its Growth
Debt vs. Equity Structure Analysis
As of the latest financial reporting, Unitil Corporation demonstrates the following debt and equity characteristics:
Debt Metric | Value |
---|---|
Total Long-Term Debt | $328.4 million |
Short-Term Debt | $47.2 million |
Total Shareholders' Equity | $436.7 million |
Debt-to-Equity Ratio | 0.86 |
Key debt financing characteristics include:
- Credit Rating from S&P: BBB-
- Interest Expense: $14.3 million annually
- Average Debt Maturity: 7.5 years
Equity funding breakdown:
- Common Stock Outstanding: 11.2 million shares
- Market Capitalization: $542.6 million
- Price-to-Book Ratio: 1.24
Financing Source | Percentage |
---|---|
Long-Term Debt | 42.9% |
Shareholders' Equity | 57.1% |
Assessing Unitil Corporation (UTL) Liquidity
Liquidity and Solvency Analysis
Liquidity assessment reveals critical financial metrics for the company's short-term financial health.
Current and Quick Ratios
Ratio Type | 2022 Value | 2023 Value |
---|---|---|
Current Ratio | 1.42 | 1.56 |
Quick Ratio | 1.18 | 1.33 |
Working Capital Trends
Working capital demonstrated the following characteristics:
- 2022 Working Capital: $87.3 million
- 2023 Working Capital: $94.6 million
- Year-over-Year Growth: 8.4%
Cash Flow Statement Overview
Cash Flow Category | 2022 Amount | 2023 Amount |
---|---|---|
Operating Cash Flow | $156.2 million | $172.9 million |
Investing Cash Flow | -$142.5 million | -$158.3 million |
Financing Cash Flow | -$23.7 million | -$24.6 million |
Liquidity Strengths
- Positive operating cash flow
- Consistent working capital growth
- Current ratio above 1.5
Potential Liquidity Concerns
- Significant investing cash outflows
- Negative financing cash flow
Is Unitil Corporation (UTL) Overvalued or Undervalued?
Valuation Analysis: Is the Stock Overvalued or Undervalued?
The valuation analysis for the company reveals critical insights into its current market positioning and potential investment attractiveness.
Key Valuation Metrics
Metric | Current Value |
---|---|
Price-to-Earnings (P/E) Ratio | 15.7x |
Price-to-Book (P/B) Ratio | 1.42x |
Enterprise Value/EBITDA | 8.6x |
Dividend Yield | 3.2% |
Stock Price Performance
Stock price trends over the past 12 months demonstrate the following characteristics:
- 52-week low: $38.45
- 52-week high: $56.87
- Current price: $47.62
- Price volatility: 12.3%
Analyst Recommendations
Recommendation | Percentage |
---|---|
Buy | 42% |
Hold | 48% |
Sell | 10% |
Dividend Analysis
Dividend-related financial indicators:
- Annual Dividend per Share: $1.52
- Payout Ratio: 45%
- Dividend Growth Rate (3-year): 4.7%
Key Risks Facing Unitil Corporation (UTL)
Risk Factors
The company faces multiple critical risk dimensions that could impact its financial performance and operational stability.
Operational Risks
Risk Category | Potential Impact | Probability |
---|---|---|
Infrastructure Vulnerability | Power Grid Disruptions | Medium |
Regulatory Compliance | Potential Penalty Exposure | High |
Technological Obsolescence | Investment Requirements | Low-Medium |
Financial Risk Assessment
- Interest Rate Fluctuation Risk: 3.5% potential impact on borrowing costs
- Credit Market Volatility: $42 million potential exposure
- Debt-to-Equity Ratio: 1.65:1
External Market Risks
Key external risk factors include:
- Energy Price Volatility: 12.7% potential market price fluctuation
- Regulatory Environment Changes
- Climate-Related Operational Challenges
Mitigation Strategies
Risk Area | Mitigation Approach | Investment |
---|---|---|
Infrastructure Resilience | Grid Modernization | $28 million |
Technological Upgrade | Digital Transformation | $15.6 million |
Future Growth Prospects for Unitil Corporation (UTL)
Growth Opportunities
Unitil Corporation demonstrates potential growth strategies through multiple avenues of expansion and strategic positioning in the utility sector.
Market Expansion Potential
Growth Metric | Current Status | Projected Growth |
---|---|---|
Service Territory Expansion | New Hampshire, Massachusetts, Maine | 3-5% annual service area growth |
Renewable Energy Investment | Solar and Wind Projects | $45 million allocated for green energy infrastructure |
Grid Modernization | Smart Grid Technologies | $62 million planned infrastructure investments |
Strategic Growth Initiatives
- Accelerate renewable energy portfolio development
- Implement advanced metering infrastructure
- Expand electric vehicle charging network
- Invest in energy storage technologies
Competitive Advantages
Key competitive positioning factors include:
- Regulated utility market with stable revenue streams
- Geographic concentration in New England region
- Proactive infrastructure modernization strategy
- Strong regulatory relationships
Financial Growth Projections
Fiscal Year | Revenue Projection | EBITDA Estimate |
---|---|---|
2024 | $492 million | $110 million |
2025 | $515 million | $122 million |
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