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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 7/10

vs
industry
vs
history
Cash to Debt 0.03
MSEX's Cash to Debt is ranked higher than
59% of the 825 Companies
in the Global Utilities - Regulated Water industry.

( Industry Median: 0.20 vs. MSEX: 0.03 )
MSEX' s 10-Year Cash to Debt Range
Min: 0.01   Max: 0.12
Current: 0.03

0.01
0.12
Equity to Asset 0.36
MSEX's Equity to Asset is ranked higher than
75% of the 819 Companies
in the Global Utilities - Regulated Water industry.

( Industry Median: 0.34 vs. MSEX: 0.36 )
MSEX' s 10-Year Equity to Asset Range
Min: 0.31   Max: 0.37
Current: 0.36

0.31
0.37
Interest Coverage 5.33
MSEX's Interest Coverage is ranked higher than
83% of the 531 Companies
in the Global Utilities - Regulated Water industry.

( Industry Median: 3.47 vs. MSEX: 5.33 )
MSEX' s 10-Year Interest Coverage Range
Min: 2.52   Max: 5.33
Current: 5.33

2.52
5.33
F-Score: 6
Z-Score: 1.05
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Operating margin (%) 27.50
MSEX's Operating margin (%) is ranked higher than
93% of the 847 Companies
in the Global Utilities - Regulated Water industry.

( Industry Median: 12.84 vs. MSEX: 27.50 )
MSEX' s 10-Year Operating margin (%) Range
Min: 22.1   Max: 30.75
Current: 27.5

22.1
30.75
Net-margin (%) 14.66
MSEX's Net-margin (%) is ranked higher than
91% of the 847 Companies
in the Global Utilities - Regulated Water industry.

( Industry Median: 7.45 vs. MSEX: 14.66 )
MSEX' s 10-Year Net-margin (%) Range
Min: 9.74   Max: 15.24
Current: 14.66

9.74
15.24
ROE (%) 8.84
MSEX's ROE (%) is ranked higher than
78% of the 844 Companies
in the Global Utilities - Regulated Water industry.

( Industry Median: 8.61 vs. MSEX: 8.84 )
MSEX' s 10-Year ROE (%) Range
Min: 7.02   Max: 11.63
Current: 8.84

7.02
11.63
ROA (%) 3.12
MSEX's ROA (%) is ranked higher than
78% of the 853 Companies
in the Global Utilities - Regulated Water industry.

( Industry Median: 2.95 vs. MSEX: 3.12 )
MSEX' s 10-Year ROA (%) Range
Min: 2.22   Max: 4.11
Current: 3.12

2.22
4.11
ROC (Joel Greenblatt) (%) 7.04
MSEX's ROC (Joel Greenblatt) (%) is ranked higher than
72% of the 851 Companies
in the Global Utilities - Regulated Water industry.

( Industry Median: 8.36 vs. MSEX: 7.04 )
MSEX' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 5.45   Max: 19.05
Current: 7.04

5.45
19.05
Revenue Growth (%) 1.10
MSEX's Revenue Growth (%) is ranked higher than
69% of the 752 Companies
in the Global Utilities - Regulated Water industry.

( Industry Median: 4.30 vs. MSEX: 1.10 )
MSEX' s 10-Year Revenue Growth (%) Range
Min: -1.3   Max: 6.5
Current: 1.1

-1.3
6.5
EBITDA Growth (%) 1.40
MSEX's EBITDA Growth (%) is ranked higher than
74% of the 725 Companies
in the Global Utilities - Regulated Water industry.

( Industry Median: 2.10 vs. MSEX: 1.40 )
MSEX' s 10-Year EBITDA Growth (%) Range
Min: 0   Max: 14.2
Current: 1.4

0
14.2
EPS Growth (%) 2.40
MSEX's EPS Growth (%) is ranked higher than
75% of the 642 Companies
in the Global Utilities - Regulated Water industry.

( Industry Median: 2.90 vs. MSEX: 2.40 )
MSEX' s 10-Year EPS Growth (%) Range
Min: -9.9   Max: 10.7
Current: 2.4

-9.9
10.7
» MSEX's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q3 2013

MSEX Guru Trades in Q3 2013

Joel Greenblatt 27,853 sh (New)
Mario Gabelli 90,809 sh (unchged)
» More
Q4 2013

MSEX Guru Trades in Q4 2013

Joel Greenblatt 36,272 sh (+30.23%)
Mario Gabelli 82,977 sh (-8.62%)
» More
Q1 2014

MSEX Guru Trades in Q1 2014

Jim Simons 19,957 sh (New)
Mario Gabelli 82,277 sh (-0.84%)
Joel Greenblatt 15,341 sh (-57.71%)
» More
Q2 2014

MSEX Guru Trades in Q2 2014

Jim Simons 59,178 sh (+196.53%)
Mario Gabelli 79,211 sh (-3.73%)
Joel Greenblatt 10,737 sh (-30.01%)
» More
» Details

Insider Trades

Latest Guru Trades with MSEX

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Joel Greenblatt 2014-06-30 Reduce -30.01%$19.91 - $21.92 $ 20.891%10737
Joel Greenblatt 2014-03-31 Reduce -57.71%0.01%$19.51 - $21.89 $ 20.892%15341
Joel Greenblatt 2013-12-31 Add 30.23%$20.23 - $21.99 $ 20.89-1%36272
Joel Greenblatt 2013-09-30 New Buy0.02%$19.9 - $21.99 $ 20.890%27853
Premium More recent guru trades are included for Premium Members only!!
Premium More recent guru trades are included for USA Subscribe Members only!!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Preferred stocks of Middlesex Water Co

SymbolPriceYieldDescription
MSEXP0.000.00

Ratios

vs
industry
vs
history
P/E(ttm) 20.00
MSEX's P/E(ttm) is ranked higher than
78% of the 892 Companies
in the Global Utilities - Regulated Water industry.

( Industry Median: 20.00 vs. MSEX: 20.00 )
MSEX' s 10-Year P/E(ttm) Range
Min: 14.76   Max: 36.84
Current: 20

14.76
36.84
P/B 1.70
MSEX's P/B is ranked higher than
74% of the 892 Companies
in the Global Utilities - Regulated Water industry.

( Industry Median: 1.53 vs. MSEX: 1.70 )
MSEX' s 10-Year P/B Range
Min: 1.22   Max: 3.7
Current: 1.7

1.22
3.7
P/S 2.90
MSEX's P/S is ranked higher than
66% of the 892 Companies
in the Global Utilities - Regulated Water industry.

( Industry Median: 1.55 vs. MSEX: 2.90 )
MSEX' s 10-Year P/S Range
Min: 1.88   Max: 3.62
Current: 2.9

1.88
3.62
PFCF 25.80
MSEX's PFCF is ranked higher than
84% of the 892 Companies
in the Global Utilities - Regulated Water industry.

( Industry Median: 107.67 vs. MSEX: 25.80 )
MSEX' s 10-Year PFCF Range
Min: 23   Max: 237.25
Current: 25.8

23
237.25
EV-to-EBIT 15.71
MSEX's EV-to-EBIT is ranked higher than
82% of the 892 Companies
in the Global Utilities - Regulated Water industry.

( Industry Median: 17.78 vs. MSEX: 15.71 )
MSEX' s 10-Year EV-to-EBIT Range
Min: 14.7   Max: 24.1
Current: 15.71

14.7
24.1
PEG 6.97
MSEX's PEG is ranked higher than
83% of the 892 Companies
in the Global Utilities - Regulated Water industry.

( Industry Median: 9999.00 vs. MSEX: 6.97 )
MSEX' s 10-Year PEG Range
Min: 3.71   Max: 46.04
Current: 6.97

3.71
46.04
Shiller P/E 21.80
MSEX's Shiller P/E is ranked higher than
81% of the 892 Companies
in the Global Utilities - Regulated Water industry.

( Industry Median: 22.53 vs. MSEX: 21.80 )
MSEX' s 10-Year Shiller P/E Range
Min: 15.43   Max: 32.88
Current: 21.8

15.43
32.88
Current Ratio 0.52
MSEX's Current Ratio is ranked higher than
56% of the 839 Companies
in the Global Utilities - Regulated Water industry.

( Industry Median: 1.03 vs. MSEX: 0.52 )
MSEX' s 10-Year Current Ratio Range
Min: 0.33   Max: 2.11
Current: 0.52

0.33
2.11
Quick Ratio 0.48
MSEX's Quick Ratio is ranked higher than
58% of the 839 Companies
in the Global Utilities - Regulated Water industry.

( Industry Median: 0.92 vs. MSEX: 0.48 )
MSEX' s 10-Year Quick Ratio Range
Min: 0.3   Max: 2.04
Current: 0.48

0.3
2.04

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 3.60
MSEX's Dividend Yield is ranked higher than
59% of the 748 Companies
in the Global Utilities - Regulated Water industry.

( Industry Median: 3.28 vs. MSEX: 3.60 )
MSEX' s 10-Year Dividend Yield Range
Min: 2.58   Max: 5.65
Current: 3.6

2.58
5.65
Dividend Payout 0.73
MSEX's Dividend Payout is ranked higher than
68% of the 892 Companies
in the Global Utilities - Regulated Water industry.

( Industry Median: 0.72 vs. MSEX: 0.73 )
MSEX' s 10-Year Dividend Payout Range
Min: 0.49   Max: 1.94
Current: 0.73

0.49
1.94
Dividend growth (3y) 1.40
MSEX's Dividend growth (3y) is ranked higher than
73% of the 563 Companies
in the Global Utilities - Regulated Water industry.

( Industry Median: 2.60 vs. MSEX: 1.40 )
MSEX' s 10-Year Dividend growth (3y) Range
Min: -7.8   Max: 11.6
Current: 1.4

-7.8
11.6
Yield on cost (5-Year) 3.86
MSEX's Yield on cost (5-Year) is ranked higher than
57% of the 754 Companies
in the Global Utilities - Regulated Water industry.

( Industry Median: 3.49 vs. MSEX: 3.86 )
MSEX' s 10-Year Yield on cost (5-Year) Range
Min: 2.77   Max: 6.06
Current: 3.86

2.77
6.06
Share Buyback Rate -2.60
MSEX's Share Buyback Rate is ranked higher than
74% of the 585 Companies
in the Global Utilities - Regulated Water industry.

( Industry Median: -1.60 vs. MSEX: -2.60 )
MSEX' s 10-Year Share Buyback Rate Range
Min: -1   Max: -7.3
Current: -2.6

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.70
MSEX's Price/Tangible Book is ranked higher than
81% of the 892 Companies
in the Global Utilities - Regulated Water industry.

( Industry Median: 2.19 vs. MSEX: 1.70 )
MSEX' s 10-Year Price/Tangible Book Range
Min: 1.36   Max: 3.59
Current: 1.7

1.36
3.59
Price/DCF (Projected) 1.90
MSEX's Price/DCF (Projected) is ranked higher than
83% of the 892 Companies
in the Global Utilities - Regulated Water industry.

( Industry Median: 3.00 vs. MSEX: 1.90 )
MSEX' s 10-Year Price/DCF (Projected) Range
Min: 1.92   Max: 64.69
Current: 1.9

1.92
64.69
Price/Median PS Value 1.00
MSEX's Price/Median PS Value is ranked higher than
76% of the 892 Companies
in the Global Utilities - Regulated Water industry.

( Industry Median: 1.03 vs. MSEX: 1.00 )
MSEX' s 10-Year Price/Median PS Value Range
Min: 0.63   Max: 1.27
Current: 1

0.63
1.27
Price/Graham Number 1.20
MSEX's Price/Graham Number is ranked higher than
83% of the 892 Companies
in the Global Utilities - Regulated Water industry.

( Industry Median: 1.56 vs. MSEX: 1.20 )
MSEX' s 10-Year Price/Graham Number Range
Min: 0.86   Max: 2.55
Current: 1.2

0.86
2.55
Earnings Yield (Greenblatt) 6.40
MSEX's Earnings Yield (Greenblatt) is ranked higher than
78% of the 774 Companies
in the Global Utilities - Regulated Water industry.

( Industry Median: 6.60 vs. MSEX: 6.40 )
MSEX' s 10-Year Earnings Yield (Greenblatt) Range
Min: 4.1   Max: 6.8
Current: 6.4

4.1
6.8
Forward Rate of Return (Yacktman) 2.69
MSEX's Forward Rate of Return (Yacktman) is ranked higher than
74% of the 733 Companies
in the Global Utilities - Regulated Water industry.

( Industry Median: 4.14 vs. MSEX: 2.69 )
MSEX' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -5   Max: 2.6
Current: 2.69

-5
2.6

Business Description

Industry: Utilities - Regulated » Utilities - Regulated Water
Compare:UUGRY, CWT, WTR, PEGRY, KTWIF » details
Middlesex Water Company was incorporated as a water utility company in 1897 and owns and operates regulated water utility and wastewater systems in New Jersey, Delaware and Pennsylvania. The Company also operates water and wastewater systems under contract on behalf of municipal and private clients. The Company's retail customers are located in an area of approximately 55 square miles in Woodbridge Township, the City of South Amboy, the Boroughs of Metuchen and Carteret, portions of the Township of Edison and the Borough of South Plainfield in Middlesex County. And to a minor extent, a portion of the Township of Clark in Union County. The Company provides water service to approximately 300 customers in Cumberland County, New Jersey. The Company is subject to environmental and water quality regulation by the United States Environmental Protection Agency (EPA), New Jersey Department of Environmental Protection (NJDEP), Delaware Department of Natural Resources and Environmental Control (DEDNREC), River Basin Commission (DRBC). The contract customers of the Company comprise an area of approximately 146 square miles with a population of approximately 300,000. Contract sales to Edison, Sayreville, Old Bridge, Marlboro and Rahway are supplemental to the existing water systems of these customers. The Company provides treated surface water under long-term agreements to East Brunswick, Marlboro, Old Bridge and Sayreville.
» More Articles for MSEX

Headlines

Articles On GuruFocus.com
Why Dividends Matter Feb 07 2012 
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10 High-Yield Utilities with Positive Dividend Growth Rates Jul 06 2011 
11 Higher Yielding, Lower Risk Stocks To Perk Up Your Dividend Income Jun 28 2011 
Middlesex Water Company (MSEX) CFO A Bruce Oconnor buys 1,000 Shares Jun 16 2010 
Long Term Guru Dividend Stocks: Questar Corp, Stryker Corporation, Middlesex Water Company, Inergy H Nov 08 2009 
Companies Raising Dividend: Questar, Stryker, Middlesex Water Company, Inergy Holdings, Inergy GP Nov 02 2009 
Middlesex Water Company Reports Operating Results (10-Q) Oct 30 2009 

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