文章核心观点 - 公司当前持有Zacks排名2(买入)和A级价值评级 [3] - 公司当前市盈率(P/E)为7.48,低于行业平均水平13.58 [3] - 公司当前市销率(P/S)为0.62,低于行业平均水平1.55 [6] - 公司当前市现率(P/CF)为4.39,低于行业平均水平7.43 [7] - 公司当前市净率(P/B)为1.03,低于行业平均水平1.11 [5] - 公司当前PEG率为1.04,低于行业平均水平2.25 [4] 行业概况 - 价值投资是最受欢迎的投资方式之一 [1] - 价值投资者会关注公司的估值指标,如市盈率、市销率、市现率等 [1][2] 公司概况 - 公司过去52周内市盈率在6.25-8.80之间,中位数为8.01 [3] - 公司过去12个月PEG率在0.78-1.10之间,中位数为0.99 [4] - 公司过去12个月市净率在0.99-1.37之间,中位数为1.14 [5] - 公司过去12个月市现率在-71.19-7.51之间,中位数为-14.28 [7]

Estimates for UGI Corporation’s (UGI) earnings are moving up, indicating a positive outlook for this gas distribution utility. Accretive acquisitions and expanding customer base continue to boost demand for its services and make the company a solid investment option in the utility sector.Let’s focus on the factors that make this Zacks Rank #2 (Buy) company a robust investment pick at the moment.Growth Projections & Surprise HistoryThe Zacks Consensus Estimate for fiscal 2024 and 2025 earnings per share (EPS ...

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a growth stock that can live up to its true potential can be a tough task.By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.However, the Zacks Growth Style Score (part of the Zacks Style ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use tried-and-true metrics and ...

UGI (UGI) has been beaten down lately with too much selling pressure. While the stock has lost 7.7% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier.Guide to Identifying Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that measures t ...

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, the task of finding cutting-edge growth stocks is made easy with the help of the Z ...

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.Zacks Premium includes access to the Zacks Style Scores as well.What are the Zacks Style Scores?Dev ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use fun ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission file number 1-11071 UGI CORPORATION (Exact name of registrant as specified in its charter) Pennsylvania 23-2668356 (Sta ...

财务数据和关键指标变化 - 公司第二季度调整后每股收益为1.97美元,较上年同期增加0.29美元 [5] - 天然气业务实现创纪录的第二季度收益,调整后净收入同比增长32% [5] - 公司实施有效的成本控制,运营和管理费用同比减少2700万美元 [6] 各条业务线数据和关键指标变化 公用事业分部 - EBIT同比增加2100万美元,主要由于天然气和电力基本费率上涨,以及DISC项目带来的增量利益和客户增长 [28] - 运营和管理费用与上年持平,主要是坏账费用和外包劳务成本下降抵消了员工福利费用上升 [28] - 年初至今在配电系统更新等方面投资约1.7亿美元 [29] Midstream & Marketing分部 - EBIT同比增加4800万美元,主要由于天然气营销活动利润率上升和投资税收抵免 [30][31] - 运营和管理费用下降600万美元,主要是薪酬福利和维护费用降低 [31] UGI International分部 - EBIT同比增加300万美元,LPG销量与上年持平,但单位利润率上升和外汇折算影响约500万美元 [32][33] - 运营和管理费用下降1600万美元,主要是人员和维护成本降低,部分被外汇折算影响抵消 [33] AmeriGas分部 - EBIT与上年持平,销量下降6%被单位利润率上升部分抵消 [34][35] - 运营和管理费用下降500万美元,主要是薪酬和广告费用降低,部分被车辆费用上升抵消 [35] 各个市场数据和关键指标变化 - 公用事业分部新增3000多个住宅供暖和商业客户 [28] - UGI International的LPG销量与上年持平,受天气温暖影响被天然气转LPG和汽车燃料销量增长抵消 [32] 公司战略和发展方向及行业竞争 - 公司将继续探索精简全球LPG业务版图和提高运营效率的机会 [13][15] - 公司将重点优化AmeriGas业务,提升客户满意度、服务可靠性和整体运营卓越 [20][23] - 公司未来将进一步向天然气业务转型,尤其是监管环境良好的公用事业业务 [11][13] 管理层对经营环境和未来前景的评论 - 公司有信心在2024财年实现2.70-3美元的调整后每股收益指引范围 [40][41] - 2025-2027财年公司将聚焦于提升业务收益质量、加强资产负债表和谨慎资本配置,以实现可持续的股东价值创造 [39][42][43][50][51] - 公司将维持每年4%的长期股息增长目标,但在2024-2026财年保持股息水平不变,以支持资产负债表修复和AmeriGas业务稳定 [47][51] 其他重要信息 - 公司已完成对AmeriGas业务的战略评估,决定聚焦于重组和运营改善计划 [7][8] - 公司已采取多项措施降低成本和偿还债务,包括出售瑞士LPG业务、回购AmeriGas债券和计划在2024-2025财年实现7-10亿美元的永久性成本节约 [15][16][36][37][45] - 公司未来3年计划投资约39亿美元,其中约26亿美元用于公用事业业务,预计可实现9%以上的资产基础增长 [43][44] 问答环节重要的提问和回答 问题1 **Christopher Jeffrey 提问** 询问公司约4亿美元的AmeriGas债务偿还计划中,内部现金流和外部资金的占比 [54] **Sean O'Brien 回答** - 公司去年已偿还约3亿美元AmeriGas债务,其中AmeriGas自身贡献2-3亿美元 [55] - 今年计划再偿还4-4.5亿美元,其中AmeriGas现金贡献约1.5亿美元,其余2-3亿美元来自公司层面 [55][56][57] - 公司还在考虑通过资产出售等方式筹集偿债资金 [57][58] 问题2 **Paul Fremont 提问** 询问Midstream & Marketing业务中营销和管道业务的具体表现 [65] **Sean O'Brien 回答** - 营销业务是Midstream & Marketing收益增长的主要驱动因素,主要得益于管道运输能力价值上升和天然气储存业务扭亏为盈 [66][67] - 管道业务自身的收益增长相对较小,仅约1000万美元 [69] 问题3 **Paul Fremont 提问** 询问公司是否考虑通过增发股票来加快资产负债表修复 [72] **Sean O'Brien 回答** - 公司已经考虑过多种方案,但目前没有增发股票的计划 [73] - 公司将通过成本削减、谨慎资本部署以及资产组合优化等方式来改善资产负债表,而不会采用增发股票的方式 [73]