UNITIL Corporation Common Stock (UTL)

FairStock Score: 62/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a value investor, I look first at what Unitil is: a 614-employee regulated utility distributing electricity in New Hampshire and Massachusetts and natural gas in New Hampshire and Maine. Regulated utilities usually have a narrow but durable moat because customers and territories are hard to replicate. In fiscal 2025 ended 2025-12-31, revenue was $536.0M, net income $50.2M, and diluted EPS $2.97; that compares with fiscal 2024 revenue $494.8M, net income $47.1M, and diluted EPS $2.93. Growth is slow but positive. The latest reported quarter, fiscal Q2 2026 ended 2026-06-30, was seasonally soft: revenue $117.0M, net income $4.7M, diluted EPS $0.26, following fiscal Q1 2026 ended 2026-03-31 with revenue $216.9M, net income $33.2M, and diluted EPS $1.85. Financial health gives me pause. FairStock calculations at the 2026-10-13 close show D/E 1.50, ROCE 3.48%, ROE 9.62%, trailing free cash flow of -$45.5M, and FCF yield -4.7%. Utilities can run negative free cash flow while investing in rate base, but debt is high. Valuation: FairStock P/E 17.01, P/B 1.57, PEG 0.97, EV/EBITDA 9.01, Graham Number $49.95, and margin of safety -6.91%. At $53.40, the stock is slightly above my conservative value estimate. Altman Z-Score 0.47 and Piotroski 4/9 confirm the balance sheet is not fortress-like. The 3.66% dividend yield and beta 0.31 may comfort income-focused investors, but I want debt reduction and better cash generation before calling it cheap.

In plain English: Unitil is a small utility that delivers electricity and natural gas to customers in parts of New Hampshire, Massachusetts, and Maine. The business earns steady but modest profits, carries a lot of debt, and uses more cash than it generates after investments. At the latest close of $53.40, the shares look roughly fair to slightly expensive compared with the company's recent earnings and conservative asset value.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer