Middlesex Water Company Statistics
Total Valuation
MSEX has a market cap or net worth of $977.93 million. The enterprise value is $1.35 billion.
Important Dates
The last earnings date was Thursday, October 31, 2024, after market close.
| Earnings Date | Oct 31, 2024 |
| Ex-Dividend Date | Nov 15, 2024 |
Share Statistics
MSEX has 17.86 million shares outstanding. The number of shares has increased by 0.74% in one year.
| Current Share Class | 17.86M |
| Shares Outstanding | 17.86M |
| Shares Change (YoY) | +0.74% |
| Shares Change (QoQ) | +0.04% |
| Owned by Insiders (%) | 1.83% |
| Owned by Institutions (%) | 78.62% |
| Float | 17.52M |
Valuation Ratios
The trailing PE ratio is 23.81 and the forward PE ratio is 21.95. MSEX's PEG ratio is 1.57.
| PE Ratio | 23.81 |
| Forward PE | 21.95 |
| PS Ratio | 5.32 |
| Forward PS | 4.89 |
| PB Ratio | 2.21 |
| P/TBV Ratio | 2.21 |
| P/FCF Ratio | n/a |
| P/OCF Ratio | 19.51 |
| PEG Ratio | 1.57 |
Financial Ratio HistoryEnterprise Valuation
| EV / Earnings | 32.83 |
| EV / Sales | 7.37 |
| EV / EBITDA | 16.31 |
| EV / EBIT | 24.42 |
| EV / FCF | n/a |
Financial Position
The company has a current ratio of 0.65, with a Debt / Equity ratio of 0.86.
| Current Ratio | 0.65 |
| Quick Ratio | 0.53 |
| Debt / Equity | 0.86 |
| Debt / EBITDA | 4.55 |
| Debt / FCF | n/a |
| Interest Coverage | 3.82 |
Financial Efficiency
Return on equity (ROE) is 9.55% and return on invested capital (ROIC) is 4.18%.
| Return on Equity (ROE) | 9.55% |
| Return on Assets (ROA) | 2.80% |
| Return on Capital (ROIC) | 4.18% |
| Revenue Per Employee | $516,541 |
| Profits Per Employee | $116,037 |
| Employee Count | 355 |
| Asset Turnover | 0.15 |
| Inventory Turnover | 13.39 |
Taxes
In the past 12 months, MSEX has paid $6.30 million in taxes.
| Income Tax | 6.30M |
| Effective Tax Rate | 13.23% |
Stock Price Statistics
The stock price has decreased by -22.26% in the last 52 weeks. The beta is 0.81, so MSEX's price volatility has been lower than the market average.
| Beta (5Y) | 0.81 |
| 52-Week Price Change | -22.26% |
| 50-Day Moving Average | 63.86 |
| 200-Day Moving Average | 58.55 |
| Relative Strength Index (RSI) | 21.54 |
| Average Volume (20 Days) | 119,614 |
Short Selling Information
The latest short interest is 821,497, so 4.60% of the outstanding shares have been sold short.
| Short Interest | 821,497 |
| Short Previous Month | 856,335 |
| Short % of Shares Out | 4.60% |
| Short % of Float | 4.69% |
| Short Ratio (days to cover) | 8.37 |
Income Statement
In the last 12 months, MSEX had revenue of $183.37 million and earned $41.19 million in profits. Earnings per share was $2.30.
| Revenue | 183.37M |
| Gross Profit | 96.65M |
| Operating Income | 55.37M |
| Pretax Income | 42.29M |
| Net Income | 41.19M |
| EBITDA | 82.93M |
| EBIT | 55.37M |
| Earnings Per Share (EPS) | $2.30 |
Full Income StatementBalance Sheet
The company has $6.34 million in cash and $380.72 million in debt, giving a net cash position of -$374.37 million or -$20.97 per share.
| Cash & Cash Equivalents | 6.34M |
| Total Debt | 380.72M |
| Net Cash | -374.37M |
| Net Cash Per Share | -$20.97 |
| Equity (Book Value) | 443.82M |
| Book Value Per Share | 24.75 |
| Working Capital | -27.77M |
Full Balance SheetCash Flow
In the last 12 months, operating cash flow was $50.13 million and capital expenditures -$66.59 million, giving a free cash flow of -$16.45 million.
| Operating Cash Flow | 50.13M |
| Capital Expenditures | -66.59M |
| Free Cash Flow | -16.45M |
| FCF Per Share | -$0.92 |
Full Cash Flow StatementMargins
Gross margin is 52.71%, with operating and profit margins of 30.19% and 22.53%.
| Gross Margin | 52.71% |
| Operating Margin | 30.19% |
| Pretax Margin | 25.96% |
| Profit Margin | 22.53% |
| EBITDA Margin | 45.23% |
| EBIT Margin | 30.19% |
| FCF Margin | n/a |
Dividends & Yields
This stock pays an annual dividend of $1.36, which amounts to a dividend yield of 2.48%.
| Dividend Per Share | $1.36 |
| Dividend Yield | 2.48% |
| Dividend Growth (YoY) | 4.16% |
| Years of Dividend Growth | 51 |
| Payout Ratio | 59.12% |
| Buyback Yield | -0.74% |
| Shareholder Yield | 1.75% |
| Earnings Yield | 4.21% |
| FCF Yield | -1.68% |
Dividend DetailsAnalyst Forecast
The average price target for MSEX is $58.50, which is 6.81% higher than the current price. The consensus rating is "Sell".
| Price Target | $58.50 |
| Price Target Difference | 6.81% |
| Analyst Consensus | Sell |
| Analyst Count | 2 |
| Revenue Growth Forecast (5Y) | n/a |
| EPS Growth Forecast (5Y) | n/a |
Stock ForecastsStock Splits
The last stock split was on November 17, 2003. It was a forward split with a ratio of 1.33333:1.
| Last Split Date | Nov 17, 2003 |
| Split Type | Forward |
| Split Ratio | 1.33333:1 |
Scores
| Altman Z-Score | n/a |
| Piotroski F-Score | 5 |