Ugi Corp. /PA/ (UGI) intrinsic value & 10-year financials
Ugi Corp. /PA/ (UGI) has a Graham intrinsic value of $46.65 per share. At $38.43 on Oct 17, 2026, the stock trades 18% below that value. Over the last 10 fiscal years revenue grew 2.6% a year to $7.1B, with an average return on invested capital of 8.3%.
- Graham intrinsic value
- $46.65
- Share price (Oct 17, 2026)
- $38.43
- Price vs Graham value
- 18% below
- Market cap
- $8.4B
- Revenue (FY2025)
- $7.1B
- Revenue growth (10-yr CAGR)
- 2.6%
- ROIC (10-yr avg)
- 8.3%
- Free cash flow (FY2025)
- $390.0M
UGI 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $7.1B | $678.0M | $3.09 | $390.0M | 15.5% | 10.0% |
| FY2024 | $7.0B | $269.0M | $1.25 | $386.0M | 10.9% | 5.7% |
| FY2023 | $8.8B | -$1.5B | -$7.16 | $133.0M | -16.5% | -10.3% |
| FY2022 | $10.0B | $1.1B | $4.97 | -$88.0M | 16.7% | 11.1% |
| FY2021 | $7.3B | $1.5B | $6.92 | $791.0M | 32.0% | 16.7% |
| FY2020 | $6.5B | $532.0M | $2.54 | $447.0M | 15.2% | 8.3% |
| FY2019 | $7.2B | $256.2M | $1.41 | $373.5M | 8.6% | 5.5% |
| FY2018 | $7.7B | $718.7M | $4.06 | $510.9M | 13.9% | 14.6% |
| FY2017 | $6.1B | $436.6M | $2.46 | $325.5M | 16.4% | 11.2% |
| FY2016 | $5.7B | $364.7M | $2.08 | $405.9M | 17.4% | 10.1% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
UGI CORP /PA/ has demonstrated mature, steady growth, with revenue compounding at 2.6% annually over the past decade.
UGI CORP /PA/ returns on capital have been average, hovering around 8.3% ROIC over the decade.
Over the decade, UGI CORP /PA/ shows that the company has leveraged its balance sheet to sustain operations.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, UGI CORP /PA/ is modeled at 4.5% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $46.65 per share.