Middlesex Water Company
Find Ratings ReportsMIDDLESEX WATER CO's gross profit margin for the fourth quarter of its fiscal year 2023 has increased when compared to the same period a year ago. Sales and net income have dropped, although the growth in net income underperformed the average competitor within the subsector, the revenue growth did not.
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Income Statement | Q4 FY23 | Q4 FY22 |
---|---|---|
Net Sales ($mil) | 38.6 | 38.82 |
EBITDA ($mil) | 14.89 | 14.07 |
EBIT ($mil) | 8.24 | 8.15 |
Net Income ($mil) | 5.77 | 7.17 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 0.0 | 3.83 |
Total Assets ($mil) | 0.0 | 1074.45 |
Total Debt ($mil) | 0.0 | 367.65 |
Equity ($mil) | 0.0 | 402.41 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 38.58 | 36.24 |
EBITDA Margin | 38.57 | 36.23 |
Operating Margin | 21.35 | 20.98 |
Sales Turnover | 0.0 | 0.15 |
Return on Assets | 0.0 | 3.94 |
Return on Equity | 0.0 | 10.51 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 0.0 | 0.32 |
Debt/Capital | 0.0 | 0.48 |
Interest Expense | 3.78 | 2.79 |
Interest Coverage | 2.18 | 2.92 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 17.77 | 17.64 |
Div / share | 0.33 | 0.31 |
EPS | 0.32 | 0.4 |
Book value / share | 0.0 | 22.81 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 174479.0 | 77222.0 |
HOLD. This stock's P/E ratio indicates a significant premium compared to an average of 18.74 for the Utilities subsector and a value on par with the S&P 500 average of 27.95. The price-to-sales ratio is well above both the S&P 500 average and the subsector average, indicating a premium. Upon assessment of these and other key valuation criteria, MIDDLESEX WATER CO seems to be trading at a premium to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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MSEX 29.45 | Peers 18.74 | MSEX NA | Peers 8.50 | |||||||||||||||||||||
Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations. MSEX is trading at a significant premium to its peers. |
Neutral. The P/CF ratio is the stock’s price divided by the sum of the company's cash flow from operations. It is useful for comparing companies with different capital requirements or financing structures. Ratio not available. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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MSEX 21.51 | Peers 14.78 | MSEX NM | Peers 1.44 | |||||||||||||||||||||
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations. MSEX is trading at a significant premium to its peers. |
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. MSEX's negative PEG ratio makes this valuation measure meaningless. |
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Price/Book |
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Earnings Growth |
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MSEX NA | Peers 1.98 | MSEX -26.06 | Peers 132.20 | |||||||||||||||||||||
Neutral. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. Ratio not available. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, MSEX is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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MSEX 5.54 | Peers 2.49 | MSEX 2.36 | Peers 1.95 | |||||||||||||||||||||
Premium. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. MSEX is trading at a significant premium to its subsector. |
Higher. A sales growth rate that exceeds the subsector implies that a company is gaining market share. MSEX has a sales growth rate that exceeds its peers. |
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