← Back to Stock Screener← Stock Screener

ZYBERNO

Stock Report

Updated Sep 1, 2026

UNITIL CORPORATION (UTL)

Utilities • NYSE

$53.10

Professional Investment Analysis

ZYBERNO SCORE →

Is it a great business? Is it getting better?

30.0/100

WEAK BUSINESS

UNITIL CORPORATION (UTL) scores 30/100 — weak fundamentals with mixed indicators requiring careful analysis before acting.

📊 How is the Zyberno Score calculated? +

The Zyberno Score answers one question: "Is this a quality business worth owning?" It's a 0-100 investment grade that evaluates business fundamentals across four critical dimensions, based on principles from Warren Buffett, Benjamin Graham, Peter Lynch, and Charlie Munger.

The 4 Core Categories (25 points each):

1. PROFITABILITY (25 pts)

Metrics: ROE, ROIC, Net Margin, Operating Margin
Thresholds: ROE >20% excellent • ROIC >20% excellent • Net Margin >20% excellent • Operating Margin >25% excellent

2. FINANCIAL STRENGTH (25 pts)

Metrics: Debt-to-Equity, Current Ratio, Interest Coverage, Altman Z-Score
Thresholds: D/E <0.3 excellent • Current Ratio >2.5 excellent • Interest Coverage >10x excellent • Altman Z >3.0 safe

3. CASH FLOW QUALITY (25 pts)

Metrics: Free Cash Flow, OCF vs Net Income, FCF Margin
Thresholds: Positive & growing FCF excellent • OCF/NI >1.2x excellent (cash earnings exceed accounting)

4. GROWTH & CONSISTENCY (25 pts)

Metrics: Revenue Growth, Net Income Growth, FCF Growth, Piotroski F-Score
Thresholds: Growth via log-linear regression • Piotroski 8-9 excellent, 6-7 good

Score Interpretation:

75-100

GREAT BUSINESS

65-74

GOOD BUSINESS

50-64

AVERAGE BUSINESS

30-49

WEAK BUSINESS

0-29

POOR BUSINESS

→ View full UTL quality analysis & detailed breakdown

VALUATION SIGNAL

MARGIN OF SAFETY

Is this stock cheap or expensive relative to what the business has historically generated for owners?

Margin of Safety unavailable — insufficient data for the owner-earnings DCF.

BRINA GAP ↗

Is the market underestimating or overestimating what this business is capable of going forward?

+14.7%

Market Underestimates

💰 How is Margin of Safety calculated? +

Margin of Safety measures how much discount or premium you're paying relative to a stock's intrinsic value. It's Benjamin Graham's core principle: the larger the margin, the lower your downside risk.

Formula: (Intrinsic Value − Current Price) ÷ Intrinsic Value × 100%

How We Calculate Intrinsic Value (DCF Method):

Step 1: Calculate current Owner Earnings (OCF − Maintenance CapEx)

Step 2: Calculate company-specific growth rate using log-linear regression on 16 quarters of Owner Earnings

Step 3: Project 10 years forward using the calculated growth rate

Step 4: Discount each year's cash flow to present value using 10% discount rate

Step 5: Calculate terminal value using 3% perpetual growth rate

Step 6: Sum all discounted cash flows = Intrinsic Value

What The Percentages Mean:

+50% or more

EXCELLENT — Very undervalued

+25% to +50%

GOOD — Attractive discount

0% to +25%

FAIR — Reasonable value

0% to -25%

CAUTION — Slight premium

-25% or worse

POOR — Overvalued

"Price is what you pay, value is what you get." — Warren Buffett

→ View full UTL valuation analysis · → View full UTL Brina Gap analysis

📈 How is Brina Gap calculated? +

Brina Gap measures the difference between the growth a business can fundamentally sustain and the growth the market is already pricing in.

Formula: Fundamental Growth Rate − Market-Implied Growth Rate

The Two Components:

Fundamental Growth Rate = ROIC × Reinvestment Rate

What the business can sustainably grow at based on how much it reinvests and what return it earns on that capital. Grounded in historical financials.

Market-Implied Growth Rate = Reverse DCF

The growth rate the current Enterprise Value implicitly assumes. Calculated by back-solving a 10-year DCF model (10% WACC, 3% terminal growth) until the present value of projected cash flows equals EV.

What The Gap Means:

Gap > +5% Market Underestimates — potential upside

+2% to +5% Slight Underestimate

-2% to +2% Fairly Priced — market consensus matches fundamentals

-5% to -2% Slight Overestimate

Gap < -5% Market Overestimates — price embeds optimism fundamentals don't support

A positive gap (market underestimates) combined with a positive Margin of Safety is the strongest combined signal — the business is both cheap historically and forward economics are stronger than the price suggests.

Critical Financial Health Indicators

Return on Equity (Profitability):POOR (9.1%)

Debt-to-Equity (Solvency Risk):POOR (1.14x)

Operating Margin (Operational Efficiency):GOOD (18.9%)

Return on Capital (Capital Efficiency):POOR (5.9%)

📊 Valuation Trilogy

Three interconnected metrics for complete valuation analysis

Click any metric for full methodology and detailed analysis

Zyberno's Verdict

UNITIL CORPORATION (UTL) stock report — Zyberno Score 30/100 (WEAK BUSINESS). Full financial analysis on Zyberno.

According to Zyberno's DCF model, UNITIL CORPORATION (UTL) shows a Brina Gap of +14.7%, which strengthens the case: based on the company's ROIC (5.9%) and reinvestment rate (377.3%), the business can fundamentally grow at 22.3% — but the current enterprise value implies the market expects 7.6%.

Over the trailing twelve months, UTL generated -$55.60M in Owner Earnings. Capital was deployed as follows: $31.30M paid as dividends, $184.90M invested in capital expenditures. Reinvestment rate: 377.3%.

DIVISION I: EXECUTIVE SUMMARY

A. Market Valuation

Market Price & Capitalization (2)

Current Price:53.10

Market Cap:$950.63M

Valuation Multiples (4)

P/E Ratio:

16.91x

📊 Click to view full UTL P/E analysis →

P/B Ratio:1.48x

P/S Ratio:1.59x

Peg Ratio:2.14x

Enterprise Metrics (2)

Enterprise Value:$1.86B

Ev Ebitda Ratio:16.43x

Price Action & Momentum (3)

12-1 Momentum:

+16.3% (45th pctile)

📈 Click to view full UTL Momentum analysis →

Momentum Percentile:45 / 100

% of 52-Week High:92.7%

B. Profitability Assessment

Return Metrics (7)

ROE:

9.1%

📊 Click to view full UTL ROE analysis →

ROA:2.7%

Roic:

5.9%

📊 Click to view full UTL ROIC analysis →

Reinvestment Rate:377.3%

Fundamental Growth Rate (g):22.3%

Market-Implied Growth Rate:7.6%

Brina Gap:

14.7%

☷ Click to view full UTL Brina Gap analysis →

Margin Analysis (3)

Operating Margin Ttm:18.9%

Net Margin Ttm:9.5%

Ebitda Margin:18.9%

TTM Performance (2)

Operating Margin Ttm:18.9%

Net Margin Ttm:9.5%

Yield Metrics (2)

Earnings Yield:$5.91

Dividend Yield:3.3%

C. Log-Linear Regression Growth Trends

Earnings Surprise (SUE) (3)

Earnings Surprise (SUE):

-0.46

📊 Click to view full UTL Earnings Surprise analysis →

EPS Surprise vs Expected:-12.1%

Latest Earnings Filed:2026-08-03

Revenue Growth (Linear) (1)

Revenue Growth Rate (Linear):0.8%

Earnings Growth (Linear) (1)

Net Income Growth Rate (Linear):27.3%

Cash Flow Growth (Linear) (2)

Free Cash Flow Growth Rate (Linear):-5.2%

Operating Cash Flow Growth Rate (Linear):14.4%

Operating Growth (Linear) (1)

Operating Income Growth Rate (Linear):12.1%

D. Financial Stability

Liquidity Ratios (3)

Current Ratio:0.49x

Quick Ratio:0.49x

Cash Ratio:0.02x

Leverage Analysis (3)

Debt To Equity Ttm:1.14x

Debt-to-Equity Ratio:1.14x

Debt To Ebitda:8.10x

Coverage Ratios (2)

Interest Coverage Ratio:2.31x

Times Interest Earned:2.31

Capital Structure (4)

Working Capital:-206,000,000.00

Cash And Cash Equivalents:9,200,000.00

Long Term Debt:$680.40M

Net Debt:$906.00M

DIVISION II: FINANCIAL STATEMENTS ANALYSIS

A. Income Statement Analysis

Revenue Components (2)

Revenue TTM: $596.50M

Linear Growth: 81.0%

📊 Click to view full UTL Revenue analysis & methodology →

Cost Of Revenue Ttm:$0.00

Profitability Breakdown (2)

$0.00

Operating income TTM: $113.00M

Linear Growth: 12.1%

📊 Click to view full UTL Operating Income analysis & methodology →

Bottom Line Performance (3)

Net income TTM: $56.60M

Linear Growth: 27.3%

📊 Click to view full UTL Net Income analysis & methodology →

Income Before Tax:$74.70M

Ebitda Ttm:113,000,000.00

Operating Expenses (5)

Operating Expenses:0.00

R And D Expense:0.00

Sga Expense:0.00

Income Tax Expense:$18.10M

Interest Expense:43,800,000.00

Expense Ratios (3)

R And D To Revenue Percentage:0.0%

Sga To Revenue Percentage:0.0%

Ebitda Margin:18.9%

B. Balance Sheet Analysis

Asset Composition (5)

Total Assets:$2.22B

Current Assets:$198.50M

Ppe Net:0.00

Goodwill:6,800,000.00

Intangible Assets:$0.00

Liability Structure (4)

Total Liabilities:1,577,200,000.00

Current Liabilities:404,500,000.00

Long Term Debt:$680.40M

Short Term Debt:$234.80M

Equity & Capital (3)

Equity:$643.70M

Retained Earnings:$212.00M

Common Stock:431,500,000.00

Working Capital Items (3)

Accounts Receivable:75,100,000.00

Inventory:0.00

Accounts Payable:43,500,000.00

Special Items (2)

Contract Liabilities:0.00

Stock Based Compensation:0.00

C. Cash Flow Analysis

Operating Activities (2)

Operating cash flow TTM: $129.30M

Linear Growth: 14.4%

Free cash flow TTM: -$55.60M

Linear Growth: -5.2%

📊 Click to view full UTL Free Cash Flow analysis & methodology →

Investment Activities (2)

Investing Cash Flow:-$32.40M

Capital Expenditures Ttm:184,900,000.00

Financing Activities (3)

Financing Cash Flow:-$16.40M

Dividends Paid Ttm:31,300,000.00

Stock Repurchase:0.00

Capital Transactions (3)

Common Stock Issuance:300,000.00

Long Term Debt Issuance:$32.00M

Long Term Debt Repayments:$1.30M

DIVISION III: OPERATIONAL METRICS

A. Per Share Analysis

Earnings Per Share (3)

EPS (Basic TTM):3.14

Eps diluted TTM: $3.14

Linear Growth: 48.5%

📊 Click to view full UTL EPS analysis & methodology →

Earnings Per Share Ttm:$3.16

Revenue & Cash Per Share (2)

Sales Per Share Ttm:33.32

Operating Cash Flow Per Share:$7.33

Book Value & Capital (2)

Book Value Per Share:$35.96

Cash Per Share:0.51

Dividend Policy (1)

Dividend Payout Ratio:53.18x

B. Operational Efficiency

Asset Utilization (2)

Asset Turnover Ttm:0.28x

Working Capital Turnover Ttm:-999.00x

Receivables Management (2)

Receivables Turnover Ttm:7.94x

Days Sales Outstanding Ttm:45.95

Inventory Management (2)

Inventory Turnover Ttm:-999.00x

Days Inventory Outstanding Ttm:-999.00

Payables & Cash Cycle (2)

Days Payable Outstanding:26.62

Cash Conversion Cycle:-979.66

C. Quality & Risk Metrics

Financial Quality Scores (2)

Financial Strength Score:0.00

Quality Score:75.00

Market Metrics (2)

Beta:0.00x

Volatility Category:unknown

DIVISION IV: INVESTMENT ANALYSIS

A. Value Investment Framework

Owner Earnings Analysis (1)

-$55.60M

Damodaran Growth Analysis (4)

Reinvestment Rate:377.3%

Fundamental Growth Rate (g):22.3%

Market-Implied Growth Rate:7.6%

Brina Gap:

14.7%

☷ Click to view full UTL Brina Gap analysis →

B. Log-Linear Regression Growth Analysis

Growth Rates (Log-Linear Regression) (3)

Revenue Growth Rate (Linear):0.8%

Net Income Growth Rate (Linear):27.3%

Operating Income Growth Rate (Linear):12.1%

Cash Flow Growth Rates (2)

Free Cash Flow Growth Rate (Linear):-5.2%

Operating Cash Flow Growth Rate (Linear):14.4%

Other Growth Rates (1)

Book Value Growth Rate (Linear):8.6%

C. Company Profile & Context

Corporate Information (6)

Symbol:UTL

Company Name:UNITIL CORPORATION

Sector:Utilities

Industry:Electric & Other Services Combined

Exchange:NYSE

Country:United States

Market Classification (3)

Market Cap Category:N/A

Price Category:high

Volume Category:N/A

Share Structure (3)

Shares Outstanding:17.90M

Shares Outstanding Basic:17.90M

Shares Outstanding Diluted:17.90M

Data Processing Info (3)

Processing Version:v3.0

Last Updated:2026-09-01 06:08:58 UTC

Data Timestamp:2026-09-01T06:08:58.624015