MSEX:NSD-Middlesex Water Company (USD)

COMMON STOCK | Utilities-Regulated Water | NSD

Last Closing Price

USD 71.60

Change

+0.92 (+1.30)%

Market Cap

USD 1.24B

Volume

0.08M

Average Target Price

USD 73.00 (+1.96%)
Average Analyst Rating

Verdict

Fundamental Analysis

Verdict

About

Middlesex Water Company owns and operates regulated water utility and wastewater systems. It operates in two segments, Regulated and Non-Regulated. The Regulated segment collects, treats, and distributes water on a retail and wholesale basis to residential, commercial, industrial, and fire protection customers in parts of New Jersey, Delaware, and Pennsylvania. This segment also includes regulated wastewater systems in New Jersey and Delaware. The Non-Regulated segment provides non-regulated contract services for the operation and maintenance of municipal and private water and wastewater systems in New Jersey and Delaware. The company was incorporated in 1896 and is headquartered in Iselin, New Jersey.

Technical Indicators

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2021-03-08 )

Largest Industry Peers for Utilities-Regulated Water

Symbol Name Price(Change) Market Cap Price / Earning Ratio EV/EBITDA
YORW The York Water Company

+1.03 (+2.41%)

USD0.56B 34.22 21.24
CDZI Cadiz Inc

+0.01 (+0.09%)

USD0.40B N/A N/A
GWRS Global Water Resources, Inc

+0.21 (+1.25%)

USD0.38B 343.88 29.92
ARTNA Artesian Resources Corporation

+0.79 (+2.04%)

USD0.37B 21.96 12.46
PCYO Pure Cycle Corporation

+0.25 (+2.05%)

USD0.29B 158.31 55.44
CWCO Consolidated Water Co. Ltd

+0.86 (+6.29%)

USD0.22B 45.55 17.87
PICO PICO Holdings, Inc

+0.49 (+5.21%)

USD0.18B 40.69 34.46

ETFs Containing MSEX

Symbol Name Weight Mer Price(Change) Market Cap
FUD:CA First Trust Value Line Di.. 0.00 % 0.70 %

N/A

USD0.02B

Market Performance

  Market Performance vs.
Industry/Classification (Utilities-Regulated Water)
Market Performance vs. Exchange
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain -1.20% 25% F 31% F
Dividend Return 0.38% 50% F 29% F
Total Return -0.82% 25% F 32% F
Trailing 12 Months  
Capital Gain 11.74% 88% B+ 29% F
Dividend Return 1.65% 40% F 31% F
Total Return 13.39% 75% C 28% F
Trailing 5 Years  
Capital Gain 132.32% 86% B 73% C
Dividend Return 15.14% 75% C 55% F
Total Return 147.46% 86% B 74% C
Average Annual (5 Year Horizon)  
Capital Gain 16.82% 88% B+ 71% C-
Dividend Return 2.07% 33% F 56% F
Total Return 18.89% 88% B+ 72% C-
Risk Return Profile  
Volatility (Standard Deviation) 16.46% 75% C 76% C
Risk Adjusted Return 114.74% 100% A+ 95% A
Market Capitalization 1.24B 100% A+ 66% D
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 87%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Key Financial Ratios

  Ratio vs. Industry/Classification
(Utilities-Regulated Water)
Ratio vs. Market
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
Market Value  
Price / Earning Ratio 32.38 86% B 34% F
Price/Book Ratio 3.57 43% F 47% F
Price / Cash Flow Ratio 23.15 38% F 19% F
EV/EBITDA 24.27 57% F 36% F
Management Effectiveness  
Return on Equity 11.40% 86% B 80% B-
Return on Invested Capital 6.84% 88% B+ 74% C
Return on Assets 2.50% 63% D 71% C-
Debt to Equity Ratio 78.45% 50% F 30% F
Technical Ratios  
Short Ratio 3.27 88% B+ 37% F
Short Percent 3.36% 25% F 49% F
Beta 0.24 63% D 91% A-
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 97%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Annual Financials (USD)

Quarterly Financials (USD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

Fundamental Analysis Breakdown

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
High market capitalization

This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

Superior risk adjusted returns

This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.

Low volatility

The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.

High dividend returns

The stock has outperformed its sector peers on average annual dividend returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile. This can be a good buy, especially if it is outperforming on total return basis , for investors seeking high income yields.

Underpriced compared to earnings

The stock is trading low compared to its peers on a price to earning basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Superior return on equity

The company management has delivered better return on equity in the most recent 4 quarters then its peers, placing it in the top quartile.

Superior capital utilization

The company management has delivered better return on invested capital in the most recent 4 quarters than its peers, placing it in the top quartile.

Positive cash flow

The company had positive total cash flow in the most recent four quarters.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

Superior Dividend Growth

This stock has shown top quartile dividend growth in the previous 5 years compared to its sector

What to not like:
Below median total returns

The company has under performed its peers on annual average total returns in the past 5 years.

Overpriced compared to book value

The stock is trading high compared to its peers median on a price to book value basis.

Overpriced on cashflow basis

The stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

Highly leveraged

The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the news and look at its sector and management statements. Sometimes this is high because the company is trying to grow aggressively.

Overpriced on free cash flow basis

The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

Low Revenue Growth

This stock has shown below median revenue growth in the previous 5 years compared to its sector