MDU RESOURCES GROUP INC (MDU) Fundamental Analysis & Valuation
NYSE:MDU • US5526901096
20.97 USD
-0.29 (-1.36%)
At close: Mar 6, 2026
20.97 USD
0 (0%)
After Hours: 3/6/2026, 8:04:00 PM
This MDU fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
MDU gets a fundamental rating of 2 out of 10. The analysis compared the fundamentals against 15 industry peers in the Gas Utilities industry. MDU may be in some trouble as it scores bad on both profitability and health. MDU has a expensive valuation and it also scores bad on growth.
1. MDU Profitability Analysis
1.1 Basic Checks
- In the past year MDU was profitable.
- In the past year MDU had a positive cash flow from operations.
- MDU had positive earnings in each of the past 5 years.
- MDU had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- Looking at the Return On Assets, with a value of 2.36%, MDU is doing worse than 66.67% of the companies in the same industry.
- With a Return On Equity value of 6.22%, MDU is not doing good in the industry: 86.67% of the companies in the same industry are doing better.
- MDU's Return On Invested Capital of 3.87% is on the low side compared to the rest of the industry. MDU is outperformed by 86.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.36% | ||
| ROE | 6.22% | ||
| ROIC | 3.87% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
- Looking at the Profit Margin, with a value of 9.02%, MDU is doing worse than 73.33% of the companies in the same industry.
- MDU's Profit Margin has improved in the last couple of years.
- MDU's Operating Margin of 14.79% is on the low side compared to the rest of the industry. MDU is outperformed by 86.67% of its industry peers.
- MDU's Operating Margin has improved in the last couple of years.
- The Gross Margin of MDU (58.89%) is comparable to the rest of the industry.
- MDU's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.79% | ||
| PM (TTM) | 9.02% | ||
| GM | 58.89% |
OM growth 3Y23.46%
OM growth 5Y9.48%
PM growth 3Y24.44%
PM growth 5Y7.56%
GM growth 3Y-14.07%
GM growth 5Y-9.49%
2. MDU Health Analysis
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so MDU is destroying value.
- Compared to 1 year ago, MDU has more shares outstanding
- Compared to 5 years ago, MDU has more shares outstanding
- Compared to 1 year ago, MDU has a worse debt to assets ratio.
2.2 Solvency
- Based on the Altman-Z score of 1.15, we must say that MDU is in the distress zone and has some risk of bankruptcy.
- Looking at the Altman-Z score, with a value of 1.15, MDU is in line with its industry, outperforming 60.00% of the companies in the same industry.
- MDU has a Debt/Equity ratio of 0.80. This is a neutral value indicating MDU is somewhat dependend on debt financing.
- With a decent Debt to Equity ratio value of 0.80, MDU is doing good in the industry, outperforming 80.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.8 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.15 |
ROIC/WACC0.53
WACC7.29%
2.3 Liquidity
- A Current Ratio of 0.75 indicates that MDU may have some problems paying its short term obligations.
- MDU has a Current ratio (0.75) which is comparable to the rest of the industry.
- MDU has a Quick Ratio of 0.75. This is a bad value and indicates that MDU is not financially healthy enough and could expect problems in meeting its short term obligations.
- Looking at the Quick ratio, with a value of 0.69, MDU is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.75 | ||
| Quick Ratio | 0.69 |
3. MDU Growth Analysis
3.1 Past
- MDU shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -34.97%.
- Measured over the past years, MDU shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -13.76% on average per year.
- Looking at the last year, MDU shows a very negative growth in Revenue. The Revenue has decreased by -51.26% in the last year.
- Measured over the past years, MDU shows a very negative growth in Revenue. The Revenue has been decreasing by -19.46% on average per year.
EPS 1Y (TTM)-34.97%
EPS 3Y-19.91%
EPS 5Y-13.76%
EPS Q2Q%37.04%
Revenue 1Y (TTM)-51.26%
Revenue growth 3Y-35.46%
Revenue growth 5Y-19.46%
Sales Q2Q%-0.28%
3.2 Future
- The Earnings Per Share is expected to grow by 7.85% on average over the next years.
- Based on estimates for the next years, MDU will show a small growth in Revenue. The Revenue will grow by 6.12% on average per year.
EPS Next Y8.56%
EPS Next 2Y8.84%
EPS Next 3Y8.62%
EPS Next 5Y7.85%
Revenue Next Year3.14%
Revenue Next 2Y4.5%
Revenue Next 3Y4.42%
Revenue Next 5Y6.12%
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. MDU Valuation Analysis
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 22.55, MDU is valued on the expensive side.
- Compared to the rest of the industry, the Price/Earnings ratio of MDU indicates a slightly more expensive valuation: MDU is more expensive than 73.33% of the companies listed in the same industry.
- MDU is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 26.29, which is the current average of the S&P500 Index.
- With a Price/Forward Earnings ratio of 20.77, MDU is valued on the expensive side.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of MDU indicates a rather expensive valuation: MDU more expensive than 86.67% of the companies listed in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 24.57. MDU is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.55 | ||
| Fwd PE | 20.77 |
4.2 Price Multiples
- 86.67% of the companies in the same industry are cheaper than MDU, based on the Enterprise Value to EBITDA ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 14.24 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates MDU does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)2.64
PEG (5Y)N/A
EPS Next 2Y8.84%
EPS Next 3Y8.62%
5. MDU Dividend Analysis
5.1 Amount
- With a Yearly Dividend Yield of 2.63%, MDU has a reasonable but not impressive dividend return.
- Compared to an average industry Dividend Yield of 3.57, MDU is paying slightly less dividend.
- Compared to an average S&P500 Dividend Yield of 1.82, MDU pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.63% |
5.2 History
- The dividend of MDU decreases each year by -8.58%.
- MDU has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-8.58%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- 62.43% of the earnings are spent on dividend by MDU. This is not a sustainable payout ratio.
DP62.43%
EPS Next 2Y8.84%
EPS Next 3Y8.62%
MDU Fundamentals: All Metrics, Ratios and Statistics
20.97
-0.29 (-1.36%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)02-05 2026-02-05/bmo
Earnings (Next)05-06 2026-05-06
Inst Owners97.4%
Inst Owner Change9.32%
Ins Owners0.4%
Ins Owner Change1.09%
Market Cap4.29B
Revenue(TTM)1.88B
Net Income(TTM)169.26M
Analysts81.82
Price Target22.27 (6.2%)
Short Float %6.43%
Short Ratio6.37
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.63% |
Yearly Dividend0.53
Dividend Growth(5Y)-8.58%
DP62.43%
Div Incr Years0
Div Non Decr Years0
Ex-Date03-12 2026-03-12 (0.14)
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-30.52%
Min EPS beat(2)-43.04%
Max EPS beat(2)-18%
EPS beat(4)1
Avg EPS beat(4)-18.22%
Min EPS beat(4)-43.04%
Max EPS beat(4)8.7%
EPS beat(8)5
Avg EPS beat(8)2.79%
EPS beat(12)9
Avg EPS beat(12)14.52%
EPS beat(16)9
Avg EPS beat(16)5.47%
Revenue beat(2)2
Avg Revenue beat(2)8.53%
Min Revenue beat(2)2.29%
Max Revenue beat(2)14.77%
Revenue beat(4)3
Avg Revenue beat(4)-3.39%
Min Revenue beat(4)-32.93%
Max Revenue beat(4)14.77%
Revenue beat(8)4
Avg Revenue beat(8)-3.76%
Revenue beat(12)6
Avg Revenue beat(12)-1.09%
Revenue beat(16)7
Avg Revenue beat(16)-3.29%
PT rev (1m)5.64%
PT rev (3m)5.99%
EPS NQ rev (1m)-0.21%
EPS NQ rev (3m)5.5%
EPS NY rev (1m)-1%
EPS NY rev (3m)-2.26%
Revenue NQ rev (1m)-0.39%
Revenue NQ rev (3m)-0.12%
Revenue NY rev (1m)-0.35%
Revenue NY rev (3m)1.37%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.55 | ||
| Fwd PE | 20.77 | ||
| P/S | 2.28 | ||
| P/FCF | N/A | ||
| P/OCF | 9.45 | ||
| P/B | 1.57 | ||
| P/tB | 1.8 | ||
| EV/EBITDA | 14.24 |
EPS(TTM)0.93
EY4.43%
EPS(NY)1.01
Fwd EY4.81%
FCF(TTM)-0.11
FCFYN/A
OCF(TTM)2.22
OCFY10.58%
SpS9.18
BVpS13.32
TBVpS11.63
PEG (NY)2.64
PEG (5Y)N/A
Graham Number16.7
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.36% | ||
| ROE | 6.22% | ||
| ROCE | 4.26% | ||
| ROIC | 3.87% | ||
| ROICexc | 3.92% | ||
| ROICexgc | 4.14% | ||
| OM | 14.79% | ||
| PM (TTM) | 9.02% | ||
| GM | 58.89% | ||
| FCFM | N/A |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y23.46%
OM growth 5Y9.48%
PM growth 3Y24.44%
PM growth 5Y7.56%
GM growth 3Y-14.07%
GM growth 5Y-9.49%
F-Score3
Asset Turnover0.26
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.8 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 4.71 | ||
| Cap/Depr | 253.75% | ||
| Cap/Sales | 25.35% | ||
| Interest Coverage | 2.72 | ||
| Cash Conversion | 97.49% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.75 | ||
| Quick Ratio | 0.69 | ||
| Altman-Z | 1.15 |
F-Score3
WACC7.29%
ROIC/WACC0.53
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-34.97%
EPS 3Y-19.91%
EPS 5Y-13.76%
EPS Q2Q%37.04%
EPS Next Y8.56%
EPS Next 2Y8.84%
EPS Next 3Y8.62%
EPS Next 5Y7.85%
Revenue 1Y (TTM)-51.26%
Revenue growth 3Y-35.46%
Revenue growth 5Y-19.46%
Sales Q2Q%-0.28%
Revenue Next Year3.14%
Revenue Next 2Y4.5%
Revenue Next 3Y4.42%
Revenue Next 5Y6.12%
EBIT growth 1Y-39.31%
EBIT growth 3Y-20.32%
EBIT growth 5Y-11.83%
EBIT Next Year79.61%
EBIT Next 3Y28.07%
EBIT Next 5Y20.66%
FCF growth 1Y-145.2%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-24.38%
OCF growth 3YN/A
OCF growth 5YN/A
MDU RESOURCES GROUP INC / MDU FAQ
What is the ChartMill fundamental rating of MDU RESOURCES GROUP INC (MDU) stock?
ChartMill assigns a fundamental rating of 2 / 10 to MDU.
Can you provide the valuation status for MDU RESOURCES GROUP INC?
ChartMill assigns a valuation rating of 1 / 10 to MDU RESOURCES GROUP INC (MDU). This can be considered as Overvalued.
How profitable is MDU RESOURCES GROUP INC (MDU) stock?
MDU RESOURCES GROUP INC (MDU) has a profitability rating of 3 / 10.
Can you provide the PE and PB ratios for MDU stock?
The Price/Earnings (PE) ratio for MDU RESOURCES GROUP INC (MDU) is 22.55 and the Price/Book (PB) ratio is 1.57.
How sustainable is the dividend of MDU RESOURCES GROUP INC (MDU) stock?
The dividend rating of MDU RESOURCES GROUP INC (MDU) is 3 / 10 and the dividend payout ratio is 62.43%.