Added to YB: 2024-10-23
Pitch date: 2024-10-21
MDU [bullish]
MDU Resources Group, Inc.
+25.57%
current return
Author Info
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Company Info
MDU Resources Group, Inc. engages in the regulated energy delivery businesses in the United States. The company operates through three segments: Electric, Natural Gas Distribution, and Pipeline.
Market Cap
$4.2B
Pitch Price
$15.54
Price Target
N/A
Dividend
2.72%
EV/EBITDA
13.36
P/E
22.91
EV/Sales
3.46
Sector
Gas Utilities
Category
special_situation
Quick Value #240 - MDU Resources (MDU) + Everus Construction Group (ECG)
MDU: Spin-off 10/31. SpinCo Everus (ECG): construction services, 9-10% CAGR, 8% margins. 5-7% organic growth target. $9-13/share at 10-13x EBITDA. RemainCo: regulated utility+pipeline. $270-300M net income. Cheap at 14-16x P/E vs peers 18-20x. Low leverage. Tailwinds: CHIPS Act, IRA, grid modernization, data centers.
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