Unitil
Financial ratios & Valuation

Forward Multiples (2025 – 2028)

2025202620272028
Price/Earnings ratio
15.3414.3613.5112.87
Price/Sales ratio
1.271.221.201.14
Earnings per Share (EPS)
$3.10$3.31$3.52$3.7

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
20.4818.9623.4022.1722.7420.8320.5519.5819.8318.6618.4120.83
Price/Sales ratio
1.181.161.651.581.692.101.581.491.451.511.751.69
Price/Book Value ratio
1.851.762.161.902.132.441.701.571.751.721.722.44
Price/Cash Flow ratio
6.024.339.287.459.568.778.746.558.407.886.618.77
Price/Free Cash Flow ratio
-58.8444.52-21.28-19.42-31.40-64.38-14.11-98.19-33.65-24.80-28.08-31.40
Price/Earnings Growth ratio
1.463.398.843.582.750.62-0.742.101.942.10-1.730.62
Dividend Yield
3.79%3.93%3.15%3.17%2.90%2.40%3.41%3.33%3.05%3.10%3.16%2.90%
Profitability Indicator Ratios
Gross Profit Margin
28.01%29.63%34.29%33.89%32.42%33.72%35.78%34.18%30.00%32.84%31.51%33.72%
Operating Profit Margin
14.09%14.78%17.03%17.15%16.03%16.68%17.05%16.43%14.29%15.63%18.15%16.03%
Pretax Profit Margin
9.08%9.77%11.08%11.44%9.32%13.23%10.12%10.05%9.33%10.48%12.13%9.32%
Net Profit Margin
5.80%6.16%7.06%7.13%7.43%10.08%7.69%7.62%7.35%8.11%9.45%7.43%
Effective Tax Rate
36.17%36.93%36.23%37.63%20.28%23.79%24.05%24.15%21.29%22.60%22.05%20.28%
Return on Assets
2.46%2.51%2.40%2.33%2.54%3.22%2.17%2.34%2.60%2.70%2.70%2.54%
Return On Equity
9.03%9.29%9.24%8.61%9.39%11.73%8.27%8.04%8.85%9.23%9.34%11.73%
Return on Capital Employed
6.89%6.99%6.86%6.38%6.43%6.03%5.32%5.69%6.05%6.25%5.78%6.03%
Liquidity Ratios
Current Ratio
1.120.870.741.000.790.811.02N/AN/AN/A0.900.79
Quick Ratio
1.060.860.740.950.750.760.950.860.690.580.820.75
Cash ratio
0.060.060.030.050.040.030.040.030.030.020.030.03
Days of Sales Outstanding
74.0662.0069.3078.1772.5762.8070.1967.9463.5759.8150.9762.80
Days of Inventory outstanding
8.810.970.8610.199.4810.9312.3511.2412.2214.1415.989.48
Operating Cycle
82.8762.9770.1788.3782.0573.7382.5479.1875.7973.9666.9573.73
Days of Payables Outstanding
52.6340.4746.9456.4151.8147.2545.0861.3963.5146.5338.8247.25
Cash Conversion Cycle
30.2322.4923.2231.9530.2426.4837.4617.7912.2827.4228.1328.13
Debt Ratios
Debt Ratio
0.360.340.360.350.370.370.390.370.380.400.400.37
Debt Equity Ratio
1.321.281.411.311.391.361.501.271.301.381.401.39
Long-term Debt to Capitalization
0.540.510.510.520.520.530.570.520.510.500.550.52
Total Debt to Capitalization
0.560.560.580.560.580.570.600.560.560.580.580.58
Interest Coverage Ratio
2.702.652.752.732.692.742.70N/AN/AN/A2.502.74
Cash Flow to Debt Ratio
0.230.310.160.190.160.200.120.180.150.150.180.16
Company Equity Multiplier
3.653.703.843.683.693.633.793.433.403.413.453.63
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.190.260.170.210.170.230.180.220.170.190.260.17
Free Cash Flow / Operating Cash Flow Ratio
-0.100.09-0.43-0.38-0.30-0.13-0.61-0.06-0.24-0.31-0.23-0.30
Cash Flow Coverage Ratio
0.230.310.160.190.160.200.120.180.150.150.180.16
Short Term Coverage Ratio
2.521.940.691.260.771.341.191.450.790.641.890.77
Dividend Payout Ratio
77.73%74.52%73.80%70.34%66.06%50%70.18%65.37%60.62%57.96%57.87%50%