UNITED-GUARDIAN, INC.
UG · Materials · $34.6M mkt cap · FY2025 filings · Narrow moat
On the watchlist
The four filters
Pricing power60
Median gross margin 53.9% over 10y, variable.
Returns on capital100
Median ROIC 36.0%, above the 9% hurdle in 100% of years.
Balance-sheet safety100
Net cash position — no leverage risk.
Capital discipline30
Owner earnings -2.1%/yr, share count flat.
Margin of safety
Above valueOn sale
- Owner earnings (normalized)
- $2.6M
- Est. intrinsic value / share
- $6.36
- Recent price
- $7.54
- Discount to value
- 19% above value
Conservative model: 9% discount rate, 0% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).
Moat Score history
Score history begins 2026-07-17. Check back as the record builds.
Scores are logged append-only and never overwritten — this record can't be backfilled, which is exactly why it's worth keeping.