Mdu Resources Group Inc

Industrials
Mining & Quarrying of Nonmetallic Minerals (No Fuels)
www.mdu.com

Earnings Score
Moat Score
Safety Score
Final Score

Market Cap $7.15B
PE 18
Debt $2.67B
Cash $104.02M
EV $9.72B
FCF $49.29M

Earnings

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Sales & Net Margins

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Earnings	$396.68M
EBIT	$454.36M
ROE	13%
ROA	6%
FCF	$49.29M
Equity	$3.06B
Growth Stability	100%
PE	18.03
PEG	5.45
PB	2.34
P/FCF	145.15
P/S	1.61
Price/Cash	0.01
Debt/Equity	0.87
Debt/FCF	54.2
Net Margins	7%
Op. Margins	10%
Earnings CAGR	7%
Sales Growth YoY	5%
Sales Growth QoQ	0%
Sales CAGR	4%
FCF CAGR	0%
Equity CAGR	3%
Earnings Stability	0.65
Earnings Growth YoY	-14%
Earnings Growth QoQ	7%
Earnings CAGR 5Y	3%

Sales CAGR 5Y	-3%
FCF CAGR 5Y	-9%
Equity CAGR 5Y	0%
Earnings CAGR 3Y	-14%
Sales CAGR 3Y	-14%
FCF CAGR 3Y	6%
Equity CAGR 3Y	-7%
Market Cap	$7.15B
Revenue	$4.45B
Dividend Yield	1%
Payout Ratio	26%
Assets	$8.17B
Total Debt	$2.67B
Cash	$104.02M
Shares Outstanding	367.42M
EV	9.72B
Earnings Score	77%
Moat Score	82%
Safety Score	71%
Final Score	77%
Working Capital	186.45M
Current Ratio	1.15
Shares Growth 3y	-2%
Equity Growth QoQ	1%
Equity Growth YoY	11%

Assets & ROA

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Stockholders Equity & ROE

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MDU Resources Group Inc operates in five business segments, which includes: Electric segment, which generates, transmits, and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming; The natural gas distribution segment distributes natural gas in those states, as well as in Idaho, Minnesota, Oregon and Washington; The pipeline segment provides natural gas transportation and underground storage services through a regulated pipeline system primarily in the Rocky Mountain and northern Great Plains regions of the United States; The construction materials and contracting segment mines, processes and sells construction aggregates (crushed stone, sand, and gravel); produces and sells asphalt mix, and supplies ready-mixed concrete; and The construction services segment.

SEC Filings

Direct access to Mdu Resources Group Inc (MDU) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Mdu Resources Group Inc compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Mdu Resources Group Inc compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 7%

Stability 65%

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Mdu Resources Group Inc Discounted Cash Flow

Fully customizable DCF calculator online for Mdu Resources Group Inc.

Years

Calculation mode

= $497M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$49M	$49M	$49M	$49M	$50M	$50M	$50M	$50M	$50M	$50M	$50M	$498M
DCF		$45M	$41M	$37M	$34M	$31M	$28M	$25M	$23M	$21M	$19M	$192M
Value	$497M

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	6%	-16%	-2%	6%	6%	6%	7%	7%	5%	9%	7%
ROA	-	4%	7%	7%	6%	6%	7%	6%	6%	7%	6%
ROE	-	-26%	-3%	12%	11%	12%	13%	11%	10%	14%	13%

Bad Net Margins (6.82%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	129.36	24.77	17.48	-36.65	-66.88	10.69	-17.69	-21.07	-88.74	54.2
Debt over Equity	0.64	0.81	0.79	0.77	0.92	0.79	0.73	0.85	0.86	0.82	0.87
Growth Stability	-	-	-	-	-	100%	100%	100%	100%	100%	100%

Bad Debt/FCF ratio (54.2)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Good Debt/Equity ratio (0.87)

The company is not overleveraged and has a good balance between equity and debt.

Good Graham’s Stability (100%)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-10%	-1%	8%	2%	18%	4%	3%	23%	-33%	-3%
Earnings YoY growth	-	-323%	-90%	-517%	-3%	23%	16%	-3%	-3%	13%	3%
Equity YoY growth	-	-22%	-8%	5%	6%	11%	8%	10%	6%	-19%	0%
FCF YoY growth	-	-104%	369%	44%	-160%	-48%	-727%	-177%	-10%	-82%	-9%