Unitil Corporation is an AMEX listed security that has been trading in a range between $23.81 and $28.90 over the past year. With 5,669,950 shares outstanding, a recent price of $28.45 gives a total market capitalization of $162,727,569. While there are certainly larger companies, Unitil Corporation has definitely earned its place in the pack. Last year, Unitil Corporation created $1.51 in earnings for every share outstanding.
Unitil Corporation is currently priced by the market at 19.00 times last year’s earnings. Many trading multiples around the world are quite attractive these days, but don’t be fooled. A Price to Earnings ratio of 0 simply means that the security didn’t make any money last year.
With a share price under $50 a share and earnings per share in excess of $1 a share, Unitil Corporation could be an interesting value proposition.
Thursday, July 19, 2007
Unitil Corporation
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