Middlesex Water Company Statistics
Total Valuation
MSEX has a market cap or net worth of $869.34 million. The enterprise value is $1.28 billion.
| Market Cap | 869.34M |
| Enterprise Value | 1.28B |
Important Dates
The next estimated earnings date is Tuesday, May 7, 2024, after market close.
| Earnings Date | May 7, 2024 |
| Ex-Dividend Date | Feb 14, 2024 |
Share Statistics
MSEX has 17.82 million shares outstanding. The number of shares has increased by 0.76% in one year.
| Shares Outstanding | 17.82M |
| Shares Change (YoY) | +0.76% |
| Shares Change (QoQ) | +0.26% |
| Owned by Insiders (%) | 1.68% |
| Owned by Institutions (%) | 74.90% |
| Float | 17.48M |
Valuation Ratios
The trailing PE ratio is 27.84 and the forward PE ratio is 21.30. MSEX's PEG ratio is 10.95.
| PE Ratio | 27.84 |
| Forward PE | 21.30 |
| PS Ratio | 5.25 |
| Forward PS | 4.47 |
| PB Ratio | 2.06 |
| P/FCF Ratio | n/a |
| PEG Ratio | 10.95 |
Enterprise Valuation
| EV / Earnings | 40.84 |
| EV / Sales | 7.71 |
| EV / EBITDA | 17.07 |
| EV / EBIT | 28.06 |
| EV / FCF | n/a |
Financial Position
The company has a current ratio of 1.05, with a Debt / Equity ratio of 0.97.
| Current Ratio | 1.05 |
| Quick Ratio | 0.96 |
| Debt / Equity | 0.97 |
| Debt / EBITDA | 5.48 |
| Debt / FCF | n/a |
| Interest Coverage | 3.48 |
Financial Efficiency
Return on equity (ROE) is 7.60% and return on invested capital (ROIC) is 4.55%.
| Return on Equity (ROE) | 7.60% |
| Return on Assets (ROA) | 2.70% |
| Return on Capital (ROIC) | 4.55% |
| Revenue Per Employee | $468,377 |
| Profits Per Employee | $88,462 |
| Employee Count | 355 |
| Asset Turnover | 0.14 |
| Inventory Turnover | 15.49 |
Taxes
In the past 12 months, MSEX has paid $1.04 million in taxes.
| Income Tax | 1.04M |
| Effective Tax Rate | 3.21% |
Stock Price Statistics
The stock price has decreased by -37.16% in the last 52 weeks. The beta is 0.74, so MSEX's price volatility has been lower than the market average.
| Beta (1Y) | 0.74 |
| 52-Week Price Change | -37.16% |
| 50-Day Moving Average | 50.62 |
| 200-Day Moving Average | 64.12 |
| Relative Strength Index (RSI) | 47.59 |
| Average Volume (30 Days) | 178,024 |
Short Selling Information
The latest short interest is 436,367, so 2.45% of the outstanding shares have been sold short.
| Short Interest | 436,367 |
| Short Previous Month | 444,673 |
| Short % of Shares Out | 2.45% |
| Short % of Float | 2.50% |
| Short Ratio (days to cover) | 2.69 |
Income Statement
In the last 12 months, MSEX had revenue of $166.27 million and earned $31.40 million in profits. Earnings per share was $1.76.
| Revenue | 166.27M |
| Gross Profit | 64.42M |
| Operating Income | 39.22M |
| Pretax Income | 32.57M |
| Net Income | 31.40M |
| EBITDA | 75.15M |
| EBIT | 45.71M |
| Earnings Per Share (EPS) | $1.76 |
Balance Sheet
The company has $2.39 million in cash and $411.71 million in debt, giving a net cash position of -$409.32 million or -$22.97 per share.
| Cash & Cash Equivalents | 2.39M |
| Total Debt | 411.71M |
| Net Cash | -409.32M |
| Net Cash Per Share | -$22.97 |
| Equity / Book Value | 422.99M |
| Book Value Per Share | 23.73 |
| Working Capital | 4.71M |
Cash Flow
In the last 12 months, operating cash flow was $52.78 million and capital expenditures -$90.18 million, giving a free cash flow of -$37.40 million.
| Operating Cash Flow | 52.78M |
| Capital Expenditures | -90.18M |
| Free Cash Flow | -37.40M |
| FCF Per Share | -$2.11 |
Margins
Gross margin is 38.74%, with operating and profit margins of 23.59% and 18.89%.
| Gross Margin | 38.74% |
| Operating Margin | 23.59% |
| Pretax Margin | 19.59% |
| Profit Margin | 18.89% |
| EBITDA Margin | 45.20% |
| EBIT Margin | 27.49% |
| FCF Margin | -22.49% |
Dividends & Yields
This stock pays an annual dividend of $1.30, which amounts to a dividend yield of 2.67%.
| Dividend Per Share | $1.30 |
| Dividend Yield | 2.67% |
| Dividend Growth (YoY) | 5.81% |
| Years of Dividend Growth | 51 |
| Payout Ratio | 73.86% |
| Buyback Yield | -0.76% |
| Shareholder Yield | 1.89% |
| Earnings Yield | 3.60% |
| FCF Yield | -4.28% |
Analyst Forecast
The average price target for MSEX is $59.00, which is 20.95% higher than the current price. The consensus rating is "Buy".
| Price Target | $59.00 |
| Price Target Difference | 20.95% |
| 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 1.11 and a Piotroski F-Score of 5. A Z-score under 3 suggests an increased risk of bankruptcy.
| Altman Z-Score | 1.11 |
| Piotroski F-Score | 5 |