MDU RESOURCES GROUP INC (MDU) Fundamental Analysis & Valuation

NYSE:MDU • US5526901096

Current stock price

20.55 USD
+0.11 (+0.54%)
At close:
20.55 USD
0 (0%)
After Hours:

This MDU fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

4

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.
  • In the past 5 years MDU has always been profitable.
  • In the past 5 years MDU always reported a positive cash flow from operatings.
MDU Yearly Net Income VS EBIT VS OCF VS FCFMDU Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M 400M 600M

1.2 Ratios

  • The Return On Assets of MDU (2.50%) is worse than 66.67% of its industry peers.
  • The Return On Equity of MDU (6.87%) is worse than 86.67% of its industry peers.
  • MDU has a Return On Invested Capital of 3.81%. This is amonst the worse of the industry: MDU underperforms 86.67% of its industry peers.
  • MDU had an Average Return On Invested Capital over the past 3 years of 3.53%. This is below the industry average of 6.14%.
  • The 3 year average ROIC (3.53%) for MDU is below the current ROIC(3.81%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 2.5%
ROE 6.87%
ROIC 3.81%
ROA(3y)3.93%
ROA(5y)3.97%
ROE(3y)10.53%
ROE(5y)10.6%
ROIC(3y)3.53%
ROIC(5y)4.63%
MDU Yearly ROA, ROE, ROICMDU Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10

1.3 Margins

  • MDU has a Profit Margin of 10.15%. This is in the lower half of the industry: MDU underperforms 60.00% of its industry peers.
  • In the last couple of years the Profit Margin of MDU has grown nicely.
  • MDU has a Operating Margin of 15.49%. This is in the lower half of the industry: MDU underperforms 73.33% of its industry peers.
  • MDU's Operating Margin has improved in the last couple of years.
  • MDU has a Gross Margin of 58.04%. This is comparable to the rest of the industry: MDU outperforms 46.67% of its industry peers.
  • MDU's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 15.49%
PM (TTM) 10.15%
GM 58.04%
OM growth 3Y23.45%
OM growth 5Y9.47%
PM growth 3Y24.44%
PM growth 5Y7.56%
GM growth 3Y-14.07%
GM growth 5Y-9.49%
MDU Yearly Profit, Operating, Gross MarginsMDU Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60 80

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2

2. MDU Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), MDU is destroying value.
  • Compared to 1 year ago, MDU has more shares outstanding
  • The number of shares outstanding for MDU has been increased compared to 5 years ago.
  • The debt/assets ratio for MDU is higher compared to a year ago.
MDU Yearly Shares OutstandingMDU Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M
MDU Yearly Total Debt VS Total AssetsMDU Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

2.2 Solvency

  • Based on the Altman-Z score of 1.07, we must say that MDU is in the distress zone and has some risk of bankruptcy.
  • MDU has a Altman-Z score (1.07) which is comparable to the rest of the industry.
  • MDU has a Debt/Equity ratio of 0.91. This is a neutral value indicating MDU is somewhat dependend on debt financing.
  • The Debt to Equity ratio of MDU (0.91) is better than 66.67% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.91
Debt/FCF N/A
Altman-Z 1.07
ROIC/WACC0.54
WACC7.02%
MDU Yearly LT Debt VS Equity VS FCFMDU Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B 3B

2.3 Liquidity

  • MDU has a Current Ratio of 0.84. This is a bad value and indicates that MDU is not financially healthy enough and could expect problems in meeting its short term obligations.
  • MDU has a better Current ratio (0.84) than 73.33% of its industry peers.
  • MDU has a Quick Ratio of 0.84. This is a bad value and indicates that MDU is not financially healthy enough and could expect problems in meeting its short term obligations.
  • MDU has a Quick ratio of 0.78. This is amongst the best in the industry. MDU outperforms 86.67% of its industry peers.
Industry RankSector Rank
Current Ratio 0.84
Quick Ratio 0.78
MDU Yearly Current Assets VS Current LiabilitesMDU Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

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%.
  • The earnings per share for MDU have been decreasing by -13.76% on average. This is quite bad
  • The Revenue for MDU has decreased by -51.26% in the past year. This is quite bad
  • The Revenue for MDU have been decreasing by -19.46% on average. This is quite bad
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

  • Based on estimates for the next years, MDU will show a small growth in Earnings Per Share. The EPS will grow by 7.85% on average per year.
  • The Revenue is expected to grow by 6.06% on average over the next years.
EPS Next Y7.95%
EPS Next 2Y6.94%
EPS Next 3Y7.58%
EPS Next 5Y7.85%
Revenue Next Year3.76%
Revenue Next 2Y4.87%
Revenue Next 3Y4.79%
Revenue Next 5Y6.06%

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.
MDU Yearly Revenue VS EstimatesMDU Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2B 4B 6B
MDU Yearly EPS VS EstimatesMDU Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0.5 1 1.5 2

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1

4. MDU Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 22.10, which indicates a rather expensive current valuation of MDU.
  • 73.33% of the companies in the same industry are cheaper than MDU, based on the Price/Earnings ratio.
  • The average S&P500 Price/Earnings ratio is at 25.61. MDU is around the same levels.
  • With a Price/Forward Earnings ratio of 20.47, MDU is valued on the expensive side.
  • Compared to the rest of the industry, the Price/Forward 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's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 22.79.
Industry RankSector Rank
PE 22.1
Fwd PE 20.47
MDU Price Earnings VS Forward Price EarningsMDU Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, MDU is valued more expensive than 86.67% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 13.73
MDU Per share dataMDU EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)2.78
PEG (5Y)N/A
EPS Next 2Y6.94%
EPS Next 3Y7.58%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

3

5. MDU Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 2.75%, MDU has a reasonable but not impressive dividend return.
  • MDU's Dividend Yield is slightly below the industry average, which is at 3.64.
  • MDU's Dividend Yield is a higher than the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 2.75%

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
MDU Yearly Dividends per shareMDU Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6 0.8

5.3 Sustainability

  • MDU pays out 56.85% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP56.85%
EPS Next 2Y6.94%
EPS Next 3Y7.58%
MDU Yearly Income VS Free CF VS DividendMDU Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M 400M
MDU Dividend Payout.MDU Dividend Payout, showing the Payout Ratio.MDU Dividend Payout.PayoutRetained Earnings

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MDU Fundamentals: All Metrics, Ratios and Statistics

MDU RESOURCES GROUP INC

NYSE:MDU (3/25/2026, 7:00:00 PM)

After market: 20.55 0 (0%)

20.55

+0.11 (+0.54%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)02-05
Earnings (Next)05-06
Inst Owners97.4%
Inst Owner Change9.32%
Ins Owners0.4%
Ins Owner Change0.98%
Market Cap4.20B
Revenue(TTM)1.88B
Net Income(TTM)190.40M
Analysts81.82
Price Target22.27 (8.37%)
Short Float %5.97%
Short Ratio6.09
Dividend
Industry RankSector Rank
Dividend Yield 2.75%
Yearly Dividend0.53
Dividend Growth(5Y)-8.58%
DP56.85%
Div Incr Years0
Div Non Decr Years0
Ex-Date03-12
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-8.08%
Min EPS beat(2)-18%
Max EPS beat(2)1.83%
EPS beat(4)2
Avg EPS beat(4)-12.63%
Min EPS beat(4)-43.04%
Max EPS beat(4)8.7%
EPS beat(8)5
Avg EPS beat(8)1.3%
EPS beat(12)9
Avg EPS beat(12)14.02%
EPS beat(16)10
Avg EPS beat(16)6.97%
Revenue beat(2)1
Avg Revenue beat(2)-1.77%
Min Revenue beat(2)-5.83%
Max Revenue beat(2)2.29%
Revenue beat(4)3
Avg Revenue beat(4)3.38%
Min Revenue beat(4)-5.83%
Max Revenue beat(4)14.77%
Revenue beat(8)4
Avg Revenue beat(8)-3.39%
Revenue beat(12)5
Avg Revenue beat(12)-3.49%
Revenue beat(16)7
Avg Revenue beat(16)-3.2%
PT rev (1m)0.77%
PT rev (3m)5.99%
EPS NQ rev (1m)7.05%
EPS NQ rev (3m)-7.19%
EPS NY rev (1m)-0.56%
EPS NY rev (3m)-2.8%
Revenue NQ rev (1m)-0.95%
Revenue NQ rev (3m)3.28%
Revenue NY rev (1m)0.6%
Revenue NY rev (3m)1.97%
Valuation
Industry RankSector Rank
PE 22.1
Fwd PE 20.47
P/S 2.24
P/FCF N/A
P/OCF 8.87
P/B 1.51
P/tB 1.73
EV/EBITDA 13.73
EPS(TTM)0.93
EY4.53%
EPS(NY)1
Fwd EY4.89%
FCF(TTM)-1.45
FCFYN/A
OCF(TTM)2.32
OCFY11.27%
SpS9.17
BVpS13.57
TBVpS11.88
PEG (NY)2.78
PEG (5Y)N/A
Graham Number16.85
Profitability
Industry RankSector Rank
ROA 2.5%
ROE 6.87%
ROCE 4.19%
ROIC 3.81%
ROICexc 3.82%
ROICexgc 4.02%
OM 15.49%
PM (TTM) 10.15%
GM 58.04%
FCFM N/A
ROA(3y)3.93%
ROA(5y)3.97%
ROE(3y)10.53%
ROE(5y)10.6%
ROIC(3y)3.53%
ROIC(5y)4.63%
ROICexc(3y)3.56%
ROICexc(5y)4.67%
ROICexgc(3y)3.76%
ROICexgc(5y)5.01%
ROCE(3y)3.9%
ROCE(5y)5.11%
ROICexgc growth 3Y-16.12%
ROICexgc growth 5Y-12.44%
ROICexc growth 3Y-15.81%
ROICexc growth 5Y-11.39%
OM growth 3Y23.45%
OM growth 5Y9.47%
PM growth 3Y24.44%
PM growth 5Y7.56%
GM growth 3Y-14.07%
GM growth 5Y-9.49%
F-Score3
Asset Turnover0.25
Health
Industry RankSector Rank
Debt/Equity 0.91
Debt/FCF N/A
Debt/EBITDA 5.09
Cap/Depr 372.7%
Cap/Sales 41.09%
Interest Coverage 2.93
Cash Conversion 95.23%
Profit Quality N/A
Current Ratio 0.84
Quick Ratio 0.78
Altman-Z 1.07
F-Score3
WACC7.02%
ROIC/WACC0.54
Cap/Depr(3y)292.44%
Cap/Depr(5y)259.6%
Cap/Sales(3y)33.22%
Cap/Sales(5y)24.13%
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 Y7.95%
EPS Next 2Y6.94%
EPS Next 3Y7.58%
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 Year3.76%
Revenue Next 2Y4.87%
Revenue Next 3Y4.79%
Revenue Next 5Y6.06%
EBIT growth 1Y-29.35%
EBIT growth 3Y-20.32%
EBIT growth 5Y-11.83%
EBIT Next Year81.01%
EBIT Next 3Y28.9%
EBIT Next 5Y20.41%
FCF growth 1Y-1348.5%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-5.76%
OCF growth 3Y-2.46%
OCF growth 5Y-9.23%

MDU RESOURCES GROUP INC / MDU Fundamental Analysis FAQ

What is the ChartMill fundamental rating of MDU RESOURCES GROUP INC (MDU) stock?

ChartMill assigns a fundamental rating of 3 / 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 4 / 10.


Can you provide the PE and PB ratios for MDU stock?

The Price/Earnings (PE) ratio for MDU RESOURCES GROUP INC (MDU) is 22.1 and the Price/Book (PB) ratio is 1.51.


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 56.85%.