Middlesex Water Company Statistics
Total Valuation
MSEX has a market cap or net worth of $951.69 million. The enterprise value is $1.37 billion.
| Market Cap | 951.69M |
| Enterprise Value | 1.37B |
Important Dates
The next estimated earnings date is Friday, July 26, 2024, after market close.
| Earnings Date | Jul 26, 2024 |
| Ex-Dividend Date | May 14, 2024 |
Share Statistics
MSEX has 17.83 million shares outstanding. The number of shares has increased by 0.94% in one year.
| Shares Outstanding | 17.83M |
| Shares Change (YoY) | +0.94% |
| Shares Change (QoQ) | +0.08% |
| Owned by Insiders (%) | 1.66% |
| Owned by Institutions (%) | 75.53% |
| Float | 17.50M |
Valuation Ratios
The trailing PE ratio is 26.43 and the forward PE ratio is 23.26. MSEX's PEG ratio is 10.95.
| PE Ratio | 26.43 |
| Forward PE | 23.26 |
| PS Ratio | 5.64 |
| Forward PS | 4.87 |
| PB Ratio | 2.23 |
| P/FCF Ratio | n/a |
| PEG Ratio | 10.95 |
Enterprise Valuation
| EV / Earnings | 37.95 |
| EV / Sales | 8.15 |
| EV / EBITDA | 17.19 |
| EV / EBIT | 26.57 |
| EV / FCF | n/a |
Financial Position
The company has a current ratio of 0.95, with a Debt / Equity ratio of 1.00.
| Current Ratio | 0.95 |
| Quick Ratio | 0.85 |
| Debt / Equity | 1.00 |
| Debt / EBITDA | 5.32 |
| Debt / FCF | n/a |
| Interest Coverage | 3.74 |
Financial Efficiency
Return on equity (ROE) is 8.60% and return on invested capital (ROIC) is 4.67%.
| Return on Equity (ROE) | 8.60% |
| Return on Assets (ROA) | 3.00% |
| Return on Capital (ROIC) | 4.67% |
| Revenue Per Employee | $475,048 |
| Profits Per Employee | $102,023 |
| Employee Count | 355 |
| Asset Turnover | 0.14 |
| Inventory Turnover | 15.03 |
Taxes
In the past 12 months, MSEX has paid $1.58 million in taxes.
| Income Tax | 1.58M |
| Effective Tax Rate | 4.19% |
Stock Price Statistics
The stock price has decreased by -33.79% in the last 52 weeks. The beta is 0.78, so MSEX's price volatility has been lower than the market average.
| Beta (5Y) | 0.78 |
| 52-Week Price Change | -33.79% |
| 50-Day Moving Average | 53.08 |
| 200-Day Moving Average | 58.31 |
| Relative Strength Index (RSI) | 53.95 |
| Average Volume (20 Days) | 128,260 |
Short Selling Information
The latest short interest is 470,871, so 2.64% of the outstanding shares have been sold short.
| Short Interest | 470,871 |
| Short Previous Month | 397,248 |
| Short % of Shares Out | 2.64% |
| Short % of Float | 2.69% |
| Short Ratio (days to cover) | 4.48 |
Income Statement
In the last 12 months, MSEX had revenue of $168.64 million and earned $36.22 million in profits. Earnings per share was $2.02.
| Revenue | 168.64M |
| Gross Profit | 66.20M |
| Operating Income | 41.60M |
| Pretax Income | 37.92M |
| Net Income | 36.22M |
| EBITDA | 79.96M |
| EBIT | 51.74M |
| Earnings Per Share (EPS) | $2.02 |
Balance Sheet
The company has $2.86 million in cash and $425.70 million in debt, giving a net cash position of -$422.84 million or -$23.72 per share.
| Cash & Cash Equivalents | 2.86M |
| Total Debt | 425.70M |
| Net Cash | -422.84M |
| Net Cash Per Share | -$23.72 |
| Equity (Book Value) | 427.69M |
| Book Value Per Share | 23.99 |
| Working Capital | -5.94M |
Cash Flow
In the last 12 months, operating cash flow was $43.46 million and capital expenditures -$80.05 million, giving a free cash flow of -$36.59 million.
| Operating Cash Flow | 43.46M |
| Capital Expenditures | -80.05M |
| Free Cash Flow | -36.59M |
| FCF Per Share | -$2.05 |
Margins
Gross margin is 39.26%, with operating and profit margins of 24.67% and 21.48%.
| Gross Margin | 39.26% |
| Operating Margin | 24.67% |
| Pretax Margin | 22.49% |
| Profit Margin | 21.48% |
| EBITDA Margin | 47.41% |
| EBIT Margin | 30.68% |
| FCF Margin | -21.70% |
Dividends & Yields
This stock pays an annual dividend of $1.30, which amounts to a dividend yield of 2.44%.
| Dividend Per Share | $1.30 |
| Dividend Yield | 2.44% |
| Dividend Growth (YoY) | 4.89% |
| Years of Dividend Growth | 51 |
| Payout Ratio | 64.36% |
| Buyback Yield | -0.94% |
| Shareholder Yield | 1.50% |
| Earnings Yield | 3.81% |
| FCF Yield | -3.84% |
Analyst Forecast
The average price target for MSEX is $58.00, which is 8.66% higher than the current price. The consensus rating is "Buy".
| Price Target | $58.00 |
| Price Target Difference | 8.66% |
| Analyst Consensus | Buy |
| Analyst Count | 1 |
| Revenue Growth Forecast (5Y) | n/a |
| EPS Growth Forecast (5Y) | n/a |
Stock Splits
The last stock split was on November 17, 2003. It was a forward split with a ratio of 4:3.
| Last Split Date | Nov 17, 2003 |
| Split Type | Forward |
| Split Ratio | 4:3 |
Scores
MSEX has an Altman Z-Score of 1.16 and a Piotroski F-Score of 5. A Z-score under 3 suggests an increased risk of bankruptcy.
| Altman Z-Score | 1.16 |
| Piotroski F-Score | 5 |