Middlesex Water Company Statistics
Total Valuation
MSEX has a market cap or net worth of $1.15 billion. The enterprise value is $1.53 billion.
Important Dates
The next estimated earnings date is Wednesday, May 7, 2025, after market close.
| Earnings Date | May 7, 2025 |
| Ex-Dividend Date | Feb 18, 2025 |
Share Statistics
MSEX has 17.89 million shares outstanding. The number of shares has increased by 0.56% in one year.
| Current Share Class | 17.89M |
| Shares Outstanding | 17.89M |
| Shares Change (YoY) | +0.56% |
| Shares Change (QoQ) | +0.01% |
| Owned by Insiders (%) | 1.43% |
| Owned by Institutions (%) | 76.26% |
| Float | 17.63M |
Valuation Ratios
The trailing PE ratio is 25.72 and the forward PE ratio is 24.99. MSEX's PEG ratio is 1.79.
| PE Ratio | 25.72 |
| Forward PE | 24.99 |
| PS Ratio | 5.90 |
| Forward PS | 5.66 |
| PB Ratio | 2.55 |
| P/TBV Ratio | 2.58 |
| P/FCF Ratio | n/a |
| P/OCF Ratio | 19.59 |
| PEG Ratio | 1.79 |
Financial Ratio HistoryEnterprise Valuation
| EV / Earnings | 34.65 |
| EV / Sales | 7.99 |
| EV / EBITDA | 17.76 |
| EV / EBIT | 26.31 |
| EV / FCF | n/a |
Financial Position
The company has a current ratio of 0.52, with a Debt / Equity ratio of 0.87.
| Current Ratio | 0.52 |
| Quick Ratio | 0.41 |
| Debt / Equity | 0.87 |
| Debt / EBITDA | 4.44 |
| Debt / FCF | n/a |
| Interest Coverage | 4.16 |
Financial Efficiency
Return on equity (ROE) is 10.17% and return on invested capital (ROIC) is 4.36%.
| Return on Equity (ROE) | 10.17% |
| Return on Assets (ROA) | 2.92% |
| Return on Invested Capital (ROIC) | 4.36% |
| Return on Capital Employed (ROCE) | 4.97% |
| Revenue Per Employee | $532,992 |
| Profits Per Employee | $122,886 |
| Employee Count | 360 |
| Asset Turnover | 0.15 |
| Inventory Turnover | 13.49 |
Taxes
In the past 12 months, MSEX has paid $6.91 million in taxes.
| Income Tax | 6.91M |
| Effective Tax Rate | 13.47% |
Stock Price Statistics
The stock price has increased by +22.31% 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 | +22.31% |
| 50-Day Moving Average | 55.12 |
| 200-Day Moving Average | 59.35 |
| Relative Strength Index (RSI) | 69.13 |
| Average Volume (20 Days) | 257,835 |
Short Selling Information
The latest short interest is 411,490, so 2.30% of the outstanding shares have been sold short.
| Short Interest | 411,490 |
| Short Previous Month | 408,647 |
| Short % of Shares Out | 2.30% |
| Short % of Float | 2.33% |
| Short Ratio (days to cover) | 2.79 |
Income Statement
In the last 12 months, MSEX had revenue of $191.88 million and earned $44.24 million in profits. Earnings per share was $2.47.
| Revenue | 191.88M |
| Gross Profit | 99.51M |
| Operating Income | 58.27M |
| Pretax Income | 42.29M |
| Net Income | 44.24M |
| EBITDA | 86.31M |
| EBIT | 58.27M |
| Earnings Per Share (EPS) | $2.47 |
Full Income StatementBalance Sheet
The company has $4.23 million in cash and $386.57 million in debt, giving a net cash position of -$382.34 million or -$21.37 per share.
| Cash & Cash Equivalents | 4.23M |
| Total Debt | 386.57M |
| Net Cash | -382.34M |
| Net Cash Per Share | -$21.37 |
| Equity (Book Value) | 446.90M |
| Book Value Per Share | 24.89 |
| Working Capital | -39.92M |
Full Balance SheetCash Flow
In the last 12 months, operating cash flow was $58.73 million and capital expenditures -$74.62 million, giving a free cash flow of -$15.89 million.
| Operating Cash Flow | 58.73M |
| Capital Expenditures | -74.62M |
| Free Cash Flow | -15.89M |
| FCF Per Share | -$0.89 |
Full Cash Flow StatementMargins
Gross margin is 51.86%, with operating and profit margins of 30.37% and 23.11%.
| Gross Margin | 51.86% |
| Operating Margin | 30.37% |
| Pretax Margin | 26.71% |
| Profit Margin | 23.11% |
| EBITDA Margin | 44.98% |
| EBIT Margin | 30.37% |
| FCF Margin | n/a |
Dividends & Yields
This stock pays an annual dividend of $1.36, which amounts to a dividend yield of 2.11%.
| Dividend Per Share | $1.36 |
| Dividend Yield | 2.11% |
| Dividend Growth (YoY) | 4.31% |
| Years of Dividend Growth | 52 |
| Payout Ratio | 55.11% |
| Buyback Yield | -0.56% |
| Shareholder Yield | 1.55% |
| Earnings Yield | 3.84% |
| FCF Yield | -1.38% |
Dividend DetailsAnalyst Forecast
The average price target for MSEX is $59.33, which is -7.51% lower than the current price. The consensus rating is "Hold".
| Price Target | $59.33 |
| Price Target Difference | -7.51% |
| Analyst Consensus | Hold |
| Analyst Count | 3 |
| 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 |