Middlesex Water (MSEX)
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At close: undefined
59.42
0.35%
After-hours Dec 13, 2024, 04:00 PM EST

Middlesex Water Statistics

Share Statistics

Middlesex Water has 17.86M shares outstanding. The number of shares has increased by 0.13% in one year.

Shares Outstanding 17.86M
Shares Change (YoY) n/a
Shares Change (QoQ) 0.01%
Owned by Institutions (%) n/a
Shares Floating 17.38M
Failed to Deliver (FTD) Shares 2
FTD / Avg. Volume 0%

Short Selling Information

The latest short interest is 790.00K, so 4.42% of the outstanding shares have been sold short.

Short Interest 790.00K
Short % of Shares Out 4.42%
Short % of Float 4.55%
Short Ratio (days to cover) 12.67

Valuation Ratios

The PE ratio is 36.91 and the forward PE ratio is 28.15. Middlesex Water's PEG ratio is 1.13.

PE Ratio 36.91
Forward PE 28.15
PS Ratio 7
Forward PS 5.3
PB Ratio 2.74
P/FCF Ratio -31.11
PEG Ratio 1.13
Financial Ratio History

Enterprise Valuation

Middlesex Water has an Enterprise Value (EV) of 1.57B.

EV / Earnings 49.91
EV / Sales 9.46
EV / EBITDA 22.08
EV / EBIT 40.12
EV / FCF -42.08

Financial Position

The company has a current ratio of 1.05, with a Debt / Equity ratio of 0.96.

Current Ratio 1.05
Quick Ratio 0.98
Debt / Equity 0.96
Total Debt / Capitalization 49.01
Cash Flow / Debt 0.13
Interest Coverage 3.66

Financial Efficiency

Return on equity (ROE) is 0.07% and return on capital (ROIC) is 4.53%.

Return on Equity (ROE) 0.07%
Return on Assets (ROA) 0.03%
Return on Capital (ROIC) 4.53%
Revenue Per Employee 468.38K
Profits Per Employee 88.80K
Employee Count 355
Asset Turnover 0.13
Inventory Turnover 11.92

Taxes

Income Tax 1.04M
Effective Tax Rate 0.03

Stock Price Statistics

The stock price has increased by -15.04% in the last 52 weeks. The beta is 0.79, so Middlesex Water's price volatility has been higher than the market average.

Beta 0.79
52-Week Price Change -15.04%
50-Day Moving Average 64.55
200-Day Moving Average 58.38
Relative Strength Index (RSI) 32.68
Average Volume (20 Days) 94.61K

Income Statement

In the last 12 months, Middlesex Water had revenue of $166.27M and earned $31.52M in profits. Earnings per share was $1.77.

Revenue 166.27M
Gross Profit 83.16M
Operating Income 39.22M
Net Income 31.52M
EBITDA 71.27M
EBIT 39.22M
Earnings Per Share (EPS) 1.77
Full Income Statement

Balance Sheet

The company has $2.39M in cash and $412.31M in debt, giving a net cash position of -$409.92M.

Cash & Cash Equivalents 2.39M
Total Debt 412.31M
Net Cash -409.92M
Retained Earnings 176.23M
Total Assets 1.23B
Working Capital -27.77M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $52.78M and capital expenditures -$90.18M, giving a free cash flow of -$37.40M.

Operating Cash Flow 52.78M
Capital Expenditures -90.18M
Free Cash Flow -37.40M
FCF Per Share -2.11
Full Cash Flow Statement

Margins

Gross margin is 50.01%, with operating and profit margins of 23.59% and 18.96%.

Gross Margin 50.01%
Operating Margin 23.59%
Pretax Margin 19.59%
Profit Margin 18.96%
EBITDA Margin 42.86%
EBIT Margin 23.59%
FCF Margin -22.49%

Dividends & Yields

MSEX pays an annual dividend of $1.36, which amounts to a dividend yield of 2.28%.

Dividend Per Share $1.36
Dividend Yield 2.28%
Dividend Growth (YoY) 4.62%
Payout Ratio 59.13%
Earnings Yield 2.99%
FCF Yield -3.54%
Dividend Details

Analyst Forecast

The average price target for MSEX is $58.5, which is -1.2% lower than the current price. The consensus rating is "Sell".

Price Target $58.5
Price Target Difference -1.2%
Analyst Consensus Sell
Analyst Count 2
Stock Forecasts

Stock Splits

The last stock split was on Nov 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

Altman Z-Score 1.31
Piotroski F-Score 7