Financials MDU Resources Group, Inc.

Equities

MDU

US5526901096

Multiline Utilities

Market Closed - Nyse Other stock markets 04:00:02 2024-05-17 pm EDT			5-day change	1st Jan Change
25.48 ^USD	+1.51%		-0.16%	+28.69%

May. 15	MDU Resources Keeps Quarterly Dividend at $0.125 a Share, Payable July 1 to Shareholders of Record June 13	MT
May. 15	MDU Resources Group, Inc. Declares Quarterly Dividend on Common Stock, Payable on July 1, 2024	CI

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	5,953	5,282	6,271	6,170	4,032	5,195	-	-
Enterprise Value (EV) ¹	5,953	5,282	8,959	8,853	6,192	5,195	5,195	5,195
P/E ratio	-	-	16.5 x	16.8 x	9.75 x	-	-	-
Yield	2.74%	3.17%	2.77%	2.88%	3.51%	1.96%	2.05%	1.96%
Capitalization / Revenue	1.12 x	-	1.1 x	0.88 x	0.87 x	1.15 x	1.12 x	1.1 x
EV / Revenue	1.12 x	-	1.1 x	0.88 x	0.87 x	1.15 x	1.12 x	1.1 x
EV / EBITDA	7.91 x	-	7.29 x	6.79 x	5.82 x	7.12 x	6.9 x	6.56 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	2.09 x	1.71 x	1.85 x	1.72 x	1.39 x	1.39 x	1.36 x	-
Nbr of stocks (in thousands)	200,384	200,522	203,351	203,351	203,638	203,888	-	-
Reference price ²	29.71	26.34	30.84	30.34	19.80	25.48	25.48	25.48
Announcement Date	2/4/20	2/3/21	2/9/22	2/9/23	2/8/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	5,337	-	5,681	6,974	4,657	4,537	4,626	4,719
EBITDA ¹	753	-	859.8	909.2	692.5	729.3	752.4	792.3
EBIT ¹	-	-	534.2	574	426	530.9	555	590.7
Operating Margin	-	-	9.4%	8.23%	9.15%	11.7%	12%	12.52%
Earnings before Tax (EBT)	-	-	466.6	462.1	539.9	-	-	-
Net income	-	-	378.1	367.5	414.7	-	-	-
Net margin	-	-	6.66%	5.27%	8.9%	-	-	-
EPS	-	-	1.870	1.810	2.030	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.8150	0.8350	0.8550	0.8750	0.6950	0.5000	0.5225	0.5000
Announcement Date	2/4/20	2/3/21	2/9/22	2/9/23	2/8/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1
Net sales ¹	1,443	1,417	1,721	1,977	1,859	1,737	1,091	1,001	1,135	1,214	1,061	1,033	1,229	1,236
EBITDA ¹	206.9	145.1	201.1	296.9	266.1	-	-	-	209	211.2	139.1	158.6	226.1	204.8
EBIT ¹	122.2	67.4	120.6	209.8	176.2	74.5	82	84.6	140.8	135.9	92.48	113.9	174.8	151.4
Operating Margin	8.47%	4.76%	7.01%	10.61%	9.48%	4.29%	7.52%	8.45%	12.4%	11.2%	8.72%	11.03%	14.22%	12.25%
Earnings before Tax (EBT)	106.5	39.7	88.2	183.2	150.9	47.3	205.5	91.5	137.9	121	-	-	-	-
Net income	86.5	31.7	70.7	147.9	117.1	38.3	147.6	74.9	170.7	100.9	-	-	-	-
Net margin	5.99%	2.24%	4.11%	7.48%	6.3%	2.2%	13.53%	7.48%	15.04%	8.31%	-	-	-	-
EPS	0.4200	0.1600	0.3500	0.7300	0.5700	0.1900	0.7200	0.3700	0.8400	0.4900	-	-	-	-
Dividend per Share ²	-	-	-	-	-	-	-	-	0.1250	-	0.1250	0.1250	0.1250	0.1250
Announcement Date	2/9/22	5/4/22	8/4/22	11/3/22	2/9/23	5/4/23	8/3/23	11/2/23	2/8/24	5/2/24	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	2,688	2,683	2,160	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	3.126 x	2.951 x	3.119 x	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	-	-	11.7%	10.5%	12.8%	10.8%	10.6%	10.6%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-	-
Assets	-	-	-	-	-	-	-	-
Book Value Per Share ¹	14.20	15.40	16.60	17.60	14.30	18.40	18.70	-
Cash Flow per Share ¹	2.730	3.830	2.450	2.510	1.630	1.920	2.040	-
Capex	-	-	936	657	520	-	-	-
Capex / Sales	-	-	16.48%	9.41%	11.16%	-	-	-
Announcement Date	2/4/20	2/3/21	2/9/22	2/9/23	2/8/24	-	-	-

¹USD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for MDU Resources Group, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

C+

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

25.48 USD

Average target price

26.25 USD

Spread / Average Target

+3.02%

Consensus

Quarterly earnings - Rate of surprise

Company calendar

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