NAS:MSEX (USA) Also trade in: Germany

Middlesex Water Co

$ 60.76 -1.11 (-1.79%)
Volume: 18,897 Avg Vol (1m): 49,485
Market Cap $: 1.01 Bil Enterprise Value $: 1.22 Bil
P/E (TTM): 29.37 P/B: 3.99
Earnings Power Value -14.12
Net Current Asset Value -30.1
Tangible Book 15.33
Projected FCF 12.71
Median P/S Value 24.19
Graham Number 26.78
Peter Lynch Value 0
DCF (FCF Based) -19.3
DCF (Earnings Based) 27.13
1Y (-%)

Financial Strength : 5/10

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.
Current vs industry vs history
Cash-to-Debt 0.02
Cash-To-Debt ranked lower than
94.69% of 527 companies
in the Utilities - Regulated Water industry.
Industry Max: 57371.9, Med: 0.23, Min: 0.01
MSEX: 0.02
Ranked among companies with meaningful Cash-To-Debt only.
Cash-To-Debt range over the past 10 years
Min: 0.01, Med: 0.03, Max: 0.12
Current: 0.02
0.01
0.12
Equity-to-Asset 0.33
Equity-to-Asset ranked lower than
57.22% of 540 companies
in the Utilities - Regulated Water industry.
Industry Max: 1, Med: 0.37, Min: -36.82
MSEX: 0.33
Ranked among companies with meaningful Equity-to-Asset only.
Equity-to-Asset range over the past 10 years
Min: 0.31, Med: 0.35, Max: 0.53
Current: 0.33
0.31
0.53
Debt-to-Equity 0.85
Debt-to-Equity ranked higher than
57.52% of 492 companies
in the Utilities - Regulated Water industry.
Industry Max: 18.48, Med: 0.93, Min: 0.01
MSEX: 0.85
Ranked among companies with meaningful Debt-to-Equity only.
Debt-to-Equity range over the past 10 years
Min: 0.09, Med: 1.04, Max: 1.39
Current: 0.85
0.09
1.39
Debt-to-EBITDA 3.78
Debt-to-EBITDA ranked higher than
57.61% of 486 companies
in the Utilities - Regulated Water industry.
Industry Max: 602.61, Med: 3.8, Min: 0.01
MSEX: 3.78
Ranked among companies with meaningful Debt-to-EBITDA only.
Debt-to-EBITDA range over the past 10 years
Min: 2.87, Med: 3.77, Max: 5.51
Current: 3.78
2.87
5.51
Interest Coverage 5.65
Interest Coverage ranked higher than
56.82% of 528 companies
in the Utilities - Regulated Water industry.
Industry Max: 16305.77, Med: 4.89, Min: 0.02
MSEX: 5.65
Ranked among companies with meaningful Interest Coverage only.
Interest Coverage range over the past 10 years
Min: 2.99, Med: 5.42, Max: 7.61
Current: 5.65
2.99
7.61
Piotroski F-Score 5
0
1
2
3
4
5
6
7
8
9
Altman Z-Score 1.57
DISTRESS
GREY
SAFE
WACC vs ROIC %
ROIC 8.94%
WACC 3.89%

Profitability & Growth : 7/10

GuruFocus Profitability Rank ranks how profitable a company is and how likely the company's business will stay that way.
Current vs industry vs history
Operating Margin % 28.02
Operating Margin ranked higher than
81.33% of 541 companies
in the Utilities - Regulated Water industry.
Industry Max: 207.01, Med: 14.76, Min: -6925
MSEX: 28.02
Ranked among companies with meaningful Operating Margin only.
Operating Margin range over the past 10 years
Min: 22.1, Med: 26.94, Max: 30.32
Current: 28.02
22.1
30.32
Net Margin % 25.08
Net Margin ranked higher than
81.70% of 541 companies
in the Utilities - Regulated Water industry.
Industry Max: 5650, Med: 8.05, Min: -5723.74
MSEX: 25.08
Ranked among companies with meaningful Net Margin only.
Net Margin range over the past 10 years
Min: 10.93, Med: 15.12, Max: 25.08
Current: 25.08
10.93
25.08
ROE % 12.62
ROE ranked higher than
58.93% of 543 companies
in the Utilities - Regulated Water industry.
Industry Max: 199991.92, Med: 8.66, Min: -1195.01
MSEX: 12.62
Ranked among companies with meaningful ROE only.
ROE range over the past 10 years
Min: 6.88, Med: 9.13, Max: 13.38
Current: 12.62
6.88
13.38
ROA % 4.62
ROA ranked higher than
59.78% of 552 companies
in the Utilities - Regulated Water industry.
Industry Max: 112.53, Med: 3.17, Min: -436.25
MSEX: 4.62
Ranked among companies with meaningful ROA only.
ROA range over the past 10 years
Min: 2.22, Med: 3.2, Max: 4.62
Current: 4.62
2.22
4.62
ROC (Joel Greenblatt) % 6.82
ROC (Joel Greenblatt) ranked lower than
65.08% of 547 companies
in the Utilities - Regulated Water industry.
Industry Max: 2918.52, Med: 9.73, Min: -9636.36
MSEX: 6.82
Ranked among companies with meaningful ROC (Joel Greenblatt) only.
ROC (Joel Greenblatt) range over the past 10 years
Min: 5.95, Med: 7.14, Max: 7.96
Current: 6.82
5.95
7.96
3-Year Total Revenue Growth Rate 3.10
3-Year Revenue Growth Rate ranked higher than
60.00% of 520 companies
in the Utilities - Regulated Water industry.
Industry Max: 227.9, Med: 0.9, Min: -100
MSEX: 2.7
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
3-Year Revenue Growth Rate range over the past 10 years
Min: -1.3, Med: 2.8, Max: 6.6
Current: 2.7
-1.3
6.6
3-Year Total EBITDA Growth Rate 4.30
3-Year EBITDA Growth Rate ranked higher than
55.27% of 503 companies
in the Utilities - Regulated Water industry.
Industry Max: 371.8, Med: 3.7, Min: -100
MSEX: 3.9
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
3-Year EBITDA Growth Rate range over the past 10 years
Min: -28.9, Med: 3.1, Max: 50.5
Current: 3.9
-28.9
50.5
3-Year EPS w/o NRI Growth Rate 17.10
3-Year EPS w/o NRI Growth Rate ranked higher than
61.01% of 454 companies
in the Utilities - Regulated Water industry.
Industry Max: 207.2, Med: 3.4, Min: -381
MSEX: 17.1
Ranked among companies with meaningful 3-Year EPS w/o NRI Growth Rate only.
3-Year EPS w/o NRI Growth Rate range over the past 10 years
Min: -8.8, Med: 5.3, Max: 17.1
Current: 17.1
-8.8
17.1

» MSEX's 30-Y Financials

Financials (Next Earnings Date: 2019-08-02)

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Business Description

Industry Utilities - Regulated » Utilities - Regulated Water    NAICS : 221310    SIC : 4941
Compare PHS:MWC DFM:TABREED SZSE:300055 NAS:CTWS SHSE:600168 ATH:EYDAP SZSE:300021 SHSE:600461 SHSE:600187 SHSE:601368 BKK:EASTW-F SHSE:600283 HKSE:00967 XSGO:IAM HKSE:06839 XSGO:ESSBIO-B SHSE:601199 XKRX:071320 NYSE:WAAS NAS:YORW
Traded in other countries MSX.Germany
Address 485 C Route 1 South, Suite 400, Iselin, NJ, USA, 08830
Middlesex Water Company owns and operates regulated water utility and wastewater systems in the U.S. The firm primarily operates in the eastern states of New Jersey, Delaware, and Pennsylvania. The company has two operating segments, Regulated and Non-Regulated. The regulated business includes collecting and distributing water to residential, commercial, industrial, and fire protection consumers. The non-regulated business includes contract services for the operation of private water and wastewater systems. The majority of the company's revenue is derived from the Regulated segment and from residential customers.

Ratios

Current vs industry vs history
PE Ratio (TTM) 29.37
PE Ratio ranked lower than
78.66% of 478 companies
in the Utilities - Regulated Water industry.
Industry Max: 6747.16, Med: 16.12, Min: 0.23
MSEX: 29.37
Ranked among companies with meaningful PE Ratio only.
PE Ratio range over the past 10 years
Min: 14.71, Med: 21.25, Max: 36.01
Current: 29.37
14.71
36.01
Forward PE Ratio 28.49
Forward P/E ranked lower than
100.00% of 156 companies
in the Utilities - Regulated Water industry.
Industry Max: 56.82, Med: 16.56, Min: 0.07
MSEX: 28.49
Ranked among companies with meaningful Forward P/E only.
N/A
PE Ratio without NRI 29.37
PE without NRI ranked lower than
77.80% of 482 companies
in the Utilities - Regulated Water industry.
Industry Max: 6747.16, Med: 16.23, Min: 0.23
MSEX: 29.37
Ranked among companies with meaningful PE without NRI only.
PE without NRI range over the past 10 years
Min: 14.71, Med: 21.25, Max: 36.01
Current: 29.37
14.71
36.01
Price-to-Owner-Earnings 77.29
Price-to-Owner-Earnings ranked lower than
81.61% of 261 companies
in the Utilities - Regulated Water industry.
Industry Max: 2275, Med: 19.03, Min: 0.76
MSEX: 77.29
Ranked among companies with meaningful Price-to-Owner-Earnings only.
Price-to-Owner-Earnings range over the past 10 years
Min: 23.52, Med: 49.18, Max: 3228.33
Current: 77.29
23.52
3228.33
PB Ratio 3.99
PB Ratio ranked lower than
87.22% of 540 companies
in the Utilities - Regulated Water industry.
Industry Max: 59.24, Med: 1.52, Min: 0.01
MSEX: 3.99
Ranked among companies with meaningful PB Ratio only.
PB Ratio range over the past 10 years
Min: 1.22, Med: 1.73, Max: 4.06
Current: 3.99
1.22
4.06
PS Ratio 7.34
PS Ratio ranked lower than
90.86% of 536 companies
in the Utilities - Regulated Water industry.
Industry Max: 3460, Med: 1.61, Min: 0.01
MSEX: 7.34
Ranked among companies with meaningful PS Ratio only.
PS Ratio range over the past 10 years
Min: 1.88, Med: 2.91, Max: 7.47
Current: 7.34
1.88
7.47
Price-to-Operating-Cash-Flow 22.70
Price-to-Operating-Cash-Flow ranked lower than
84.93% of 438 companies
in the Utilities - Regulated Water industry.
Industry Max: 401.96, Med: 7.95, Min: 0.26
MSEX: 22.7
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
Price-to-Operating-Cash-Flow range over the past 10 years
Min: 7.81, Med: 11.38, Max: 23.1
Current: 22.7
7.81
23.1
EV-to-EBIT 29.80
EV-to-EBIT ranked lower than
80.68% of 502 companies
in the Utilities - Regulated Water industry.
Industry Max: 3176.97, Med: 14.93, Min: 0.02
MSEX: 29.8
Ranked among companies with meaningful EV-to-EBIT only.
EV-to-EBIT range over the past 10 years
Min: 4, Med: 16.5, Max: 30.3
Current: 29.8
4
30.3
EV-to-EBITDA 21.34
EV-to-EBITDA ranked lower than
79.07% of 516 companies
in the Utilities - Regulated Water industry.
Industry Max: 47184.2, Med: 10.53, Min: 0.02
MSEX: 21.34
Ranked among companies with meaningful EV-to-EBITDA only.
EV-to-EBITDA range over the past 10 years
Min: 3.6, Med: 12, Max: 21.7
Current: 21.34
3.6
21.7
EV-to-Revenue 8.83
EV-to-Revenue ranked lower than
88.22% of 535 companies
in the Utilities - Regulated Water industry.
Industry Max: 2609.33, Med: 2.51, Min: 0.01
MSEX: 8.83
Ranked among companies with meaningful EV-to-Revenue only.
EV-to-Revenue range over the past 10 years
Min: 3.7, Med: 4.4, Max: 9
Current: 8.83
3.7
9
PEG Ratio 5.94
PEG Ratio ranked lower than
68.59% of 277 companies
in the Utilities - Regulated Water industry.
Industry Max: 383.47, Med: 2.69, Min: 0.03
MSEX: 5.94
Ranked among companies with meaningful PEG Ratio only.
PEG Ratio range over the past 10 years
Min: 0.54, Med: 4.78, Max: 21.28
Current: 5.94
0.54
21.28
Shiller PE Ratio 48.05
Shiller PE Ratio ranked lower than
85.17% of 263 companies
in the Utilities - Regulated Water industry.
Industry Max: 1055.16, Med: 20.93, Min: 0.55
MSEX: 48.05
Ranked among companies with meaningful Shiller PE Ratio only.
Shiller PE Ratio range over the past 10 years
Min: 15.43, Med: 22.1, Max: 48.9
Current: 48.05
15.43
48.9
Current Ratio 0.32
Current Ratio ranked lower than
95.04% of 544 companies
in the Utilities - Regulated Water industry.
Industry Max: 9431, Med: 1.07, Min: 0.02
MSEX: 0.32
Ranked among companies with meaningful Current Ratio only.
Current Ratio range over the past 10 years
Min: 0.32, Med: 0.67, Max: 2.11
Current: 0.32
0.32
2.11
Quick Ratio 0.26
Quick Ratio ranked lower than
95.58% of 543 companies
in the Utilities - Regulated Water industry.
Industry Max: 9431, Med: 0.99, Min: 0.12
MSEX: 0.26
Ranked among companies with meaningful Quick Ratio only.
Quick Ratio range over the past 10 years
Min: 0.26, Med: 0.6, Max: 2.04
Current: 0.26
0.26
2.04
Days Inventory 26.65
Days Inventory ranked lower than
92.77% of 484 companies
in the Utilities - Regulated Water industry.
Industry Max: 702.8, Med: 21.52, Min: 0.06
MSEX: 26.65
Ranked among companies with meaningful Days Inventory only.
Days Inventory range over the past 10 years
Min: 18.55, Med: 22.88, Max: 26.65
Current: 26.65
18.55
26.65
Days Sales Outstanding 26.48
Days Sales Outstanding ranked higher than
81.33% of 525 companies
in the Utilities - Regulated Water industry.
Industry Max: 545.94, Med: 48.56, Min: 1
MSEX: 26.48
Ranked among companies with meaningful Days Sales Outstanding only.
Days Sales Outstanding range over the past 10 years
Min: 26.48, Med: 34.1, Max: 42.5
Current: 26.48
26.48
42.5
Days Payable 73.03
Days Payable ranked higher than
97.63% of 507 companies
in the Utilities - Regulated Water industry.
Industry Max: 949.53, Med: 61.37, Min: 0.02
MSEX: 73.03
Ranked among companies with meaningful Days Payable only.
Days Payable range over the past 10 years
Min: 68.4, Med: 77.63, Max: 98.56
Current: 73.03
68.4
98.56

Dividend & Buy Back

Current vs industry vs history
Dividend Yield % 1.55
Trailing Dividend Yield ranked lower than
79.73% of 1105 companies
in the Utilities - Regulated Water industry.
Industry Max: 82.33, Med: 3.44, Min: 0.01
MSEX: 1.55
Ranked among companies with meaningful Trailing Dividend Yield only.
Trailing Dividend Yield range over the past 10 years
Min: 1.5, Med: 3.71, Max: 5.65
Current: 1.55
1.5
5.65
Dividend Payout Ratio 0.45
Dividend Payout Ratio ranked higher than
58.43% of 611 companies
in the Utilities - Regulated Water industry.
Industry Max: 491.25, Med: 0.51, Min: 0.01
MSEX: 0.45
Ranked among companies with meaningful Dividend Payout Ratio only.
Dividend Payout Ratio range over the past 10 years
Min: 0.45, Med: 0.7, Max: 0.99
Current: 0.45
0.45
0.99
3-Year Dividend Growth Rate (Per Share) 5.50
3-Year Dividend Growth Rate ranked lower than
50.85% of 354 companies
in the Utilities - Regulated Water industry.
Industry Max: 102.7, Med: 4.3, Min: -100
MSEX: 5.5
Ranked among companies with meaningful 3-Year Dividend Growth Rate only.
3-Year Dividend Growth Rate range over the past 10 years
Min: -0.2, Med: 2.1, Max: 5.5
Current: 5.5
-0.2
5.5
Forward Dividend Yield % 1.55
Forward Dividend Yield ranked lower than
81.31% of 1081 companies
in the Utilities - Regulated Water industry.
Industry Max: 82.33, Med: 3.53, Min: 0.01
MSEX: 1.55
Ranked among companies with meaningful Forward Dividend Yield only.
N/A
Yield-on-Cost (5-Year) % 1.86
Yield-on-Cost (5y) ranked lower than
77.31% of 1106 companies
in the Utilities - Regulated Water industry.
Industry Max: 332.77, Med: 3.95, Min: 0.01
MSEX: 1.86
Ranked among companies with meaningful Yield-on-Cost (5y) only.
Yield-on-Cost (5y) range over the past 10 years
Min: 1.84, Med: 4.49, Max: 6.84
Current: 1.86
1.84
6.84
3-Year Share Buyback Rate -0.60
3-Year Share Buyback Rate ranked higher than
73.63% of 292 companies
in the Utilities - Regulated Water industry.
Industry Max: 42.7, Med: -2.7, Min: -899.5
MSEX: -0.6
Ranked among companies with meaningful 3-Year Share Buyback Rate only.
3-Year Share Buyback Rate range over the past 10 years
Min: -8.5, Med: -3.7, Max: -0.5
Current: -0.6
-8.5
-0.5

Valuation & Return

Current vs industry vs history
Price-to-Tangible-Book 3.98
Price-to-Tangible-Book ranked lower than
77.10% of 489 companies
in the Utilities - Regulated Water industry.
Industry Max: 754.03, Med: 1.82, Min: 0.03
MSEX: 3.98
Ranked among companies with meaningful Price-to-Tangible-Book only.
Price-to-Tangible-Book range over the past 10 years
Min: 1.41, Med: 1.87, Max: 4.05
Current: 3.98
1.41
4.05
Price-to-Projected-FCF 4.80
Price-to-Intrinsic-Value-Projected-FCF ranked lower than
80.65% of 367 companies
in the Utilities - Regulated Water industry.
Industry Max: 126.14, Med: 1.29, Min: 0.06
MSEX: 4.8
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
Price-to-Intrinsic-Value-Projected-FCF range over the past 10 years
Min: 1.28, Med: 3.37, Max: 132
Current: 4.8
1.28
132
Price-to-DCF (Earnings Based) 2.25
Price-to-Intrinsic-Value-DCF (Earnings Based) ranked lower than
100.00% of 72 companies
in the Utilities - Regulated Water industry.
Industry Max: 12.39, Med: 1.21, Min: 0.33
MSEX: 2.25
Ranked among companies with meaningful Price-to-Intrinsic-Value-DCF (Earnings Based) only.
Price-to-Intrinsic-Value-DCF (Earnings Based) range over the past 10 years
Min: 1.58, Med: 1.98, Max: 2.29
Current: 2.25
1.58
2.29
Price-to-Median-PS-Value 2.52
Price-to-Median-PS-Value ranked lower than
88.34% of 506 companies
in the Utilities - Regulated Water industry.
Industry Max: 1075, Med: 1, Min: 0.01
MSEX: 2.52
Ranked among companies with meaningful Price-to-Median-PS-Value only.
Price-to-Median-PS-Value range over the past 10 years
Min: 0.51, Med: 0.95, Max: 2.57
Current: 2.52
0.51
2.57
Price-to-Graham-Number 2.28
Price-to-Graham-Number ranked lower than
80.05% of 406 companies
in the Utilities - Regulated Water industry.
Industry Max: 27.49, Med: 1.29, Min: 0.04
MSEX: 2.28
Ranked among companies with meaningful Price-to-Graham-Number only.
Price-to-Graham-Number range over the past 10 years
Min: 0.89, Med: 1.33, Max: 2.32
Current: 2.28
0.89
2.32
Earnings Yield (Joel Greenblatt) % 3.35
Earnings Yield (Greenblatt) ranked lower than
73.50% of 551 companies
in the Utilities - Regulated Water industry.
Industry Max: 5000, Med: 6.37, Min: -86.21
MSEX: 3.35
Ranked among companies with meaningful Earnings Yield (Greenblatt) only.
Earnings Yield (Greenblatt) range over the past 10 years
Min: 3.3, Med: 6.1, Max: 25.1
Current: 3.35
3.3
25.1
Forward Rate of Return (Yacktman) % 4.75
Forward Rate of Return ranked higher than
59.20% of 402 companies
in the Utilities - Regulated Water industry.
Industry Max: 1132.67, Med: 3.67, Min: -2480.81
MSEX: 4.75
Ranked among companies with meaningful Forward Rate of Return only.
Forward Rate of Return range over the past 10 years
Min: -18.1, Med: 5.2, Max: 15.2
Current: 4.75
-18.1
15.2

More Statistics

Revenue (TTM) (Mil) $ 137.6
EPS (TTM) $ 2.08
Beta 0.33
Volatility % 21.25
52-Week Range $ 41.77 - 63.68
Shares Outstanding (Mil) 16.47

Analyst Estimate

Piotroski F-Score Details

Piotroski F-Score 5
Positive ROA Y
Positive CFROA Y
Higher ROA yoy Y
CFROA > ROA Y
Lower Leverage yoy N
Higher Current Ratio yoy N
Less Shares Outstanding yoy N
Higher Gross Margin yoy Y
Higher Asset Turnover yoy N