Middlesex Water (MSEX)
Middlesex Water Statistics
Share Statistics
Middlesex Water has 17.89M shares outstanding. The number of shares has increased by 0.33% in one year.
| Shares Outstanding | 17.89M |
| Shares Change (YoY) | 0.33% |
| Shares Change (QoQ) | 0.18% |
| Owned by Institutions (%) | 74.71% |
| Shares Floating | 17.11M |
| Failed to Deliver (FTD) Shares | 3.29K |
| FTD / Avg. Volume | 2.02% |
Short Selling Information
The latest short interest is 543.97K, so 3.05% of the outstanding shares have been sold short.
| Short Interest | 543.97K |
| Short % of Shares Out | 3.05% |
| Short % of Float | 3.13% |
| Short Ratio (days to cover) | 2.89 |
Valuation Ratios
The PE ratio is 21.16 and the forward PE ratio is 21.55. Middlesex Water's PEG ratio is 0.52.
| PE Ratio | 21.16 |
| Forward PE | 21.55 |
| PS Ratio | 4.89 |
| Forward PS | 5.2 |
| PB Ratio | 2.11 |
| P/FCF Ratio | 15.98 |
| PEG Ratio | 0.52 |
Enterprise Valuation
Middlesex Water has an Enterprise Value (EV) of 1.31B.
| EV / Sales | 6.83 |
| EV / EBITDA | 14.23 |
| EV / EBIT | 22.3 |
| EV / FCF | 22.3 |
Financial Position
The company has a current ratio of 0.52, with a Debt / Equity ratio of 0.84.
| Current Ratio | 0.52 |
| Quick Ratio | 0.52 |
| Debt / Equity | 0.84 |
| Debt / EBITDA | 4.08 |
| Debt / FCF | 6.4 |
| Interest Coverage | 4.17 |
Financial Efficiency
Return on Equity is 9.96% and Return on Invested Capital is 3.93%.
| Return on Equity | 9.96% |
| Return on Assets | 3.53% |
| Return on Invested Capital | 3.93% |
| Revenue Per Employee | $532.99K |
| Profits Per Employee | $123.2K |
| Employee Count | 360 |
| Asset Turnover | 0.15 |
| Inventory Turnover | n/a |
Taxes
| Income Tax | 6.91M |
| Effective Tax Rate | 13.47% |
Stock Price Statistics
The stock price has increased by 31.7% in the last 52 weeks. The beta is 0.84, so Middlesex Water's price volatility has been higher than the market average.
| Beta | 0.84 |
| 52-Week Price Change | 31.7% |
| 50-Day Moving Average | 55.64 |
| 200-Day Moving Average | 59.47 |
| Relative Strength Index (RSI) | 67.03 |
| Average Volume (20 Days) | 163.13K |
Income Statement
In the last 12 months, Middlesex Water had revenue of 191.88M and earned 44.35M in profits. Earnings per share was 2.49.
| Revenue | 191.88M |
| Gross Profit | 191.88M |
| Operating Income | 53.21M |
| Net Income | 44.35M |
| EBITDA | 92.06M |
| EBIT | 64.03M |
| Earnings Per Share (EPS) | 2.49 |
Balance Sheet
The company has 4.23M in cash and 375.82M in debt, giving a net cash position of -371.6M.
| Cash & Cash Equivalents | 4.23M |
| Total Debt | 375.82M |
| Net Cash | -371.6M |
| Retained Earnings | 197.06M |
| Total Assets | 1.26B |
| Working Capital | -39.91M |
Cash Flow
In the last 12 months, operating cash flow was 58.73M and capital expenditures 0, giving a free cash flow of 58.73M.
| Operating Cash Flow | 58.73M |
| Capital Expenditures | 0 |
| Free Cash Flow | 58.73M |
| FCF Per Share | 3.29 |
Margins
Gross margin is 100%, with operating and profit margins of 27.73% and 23.11%.
| Gross Margin | 100% |
| Operating Margin | 27.73% |
| Pretax Margin | 26.71% |
| Profit Margin | 23.11% |
| EBITDA Margin | 47.98% |
| EBIT Margin | 27.73% |
| FCF Margin | 30.61% |
Dividends & Yields
MSEX pays an annual dividend of $1.33, which amounts to a dividend yield of 2.58%.
| Dividend Per Share | $1.33 |
| Dividend Yield | 2.58% |
| Dividend Growth (YoY) | 4.62% |
| Payout Ratio | 53.85% |
| Earnings Yield | 4.73% |
| FCF Yield | 6.26% |
Analyst Forecast
The average price target for MSEX is $58.5, which is -8.5% lower than the current price. The consensus rating is "Hold".
| Price Target | $58.5 |
| Price Target Difference | -8.5% |
| Analyst Consensus | Hold |
| Analyst Count | 2 |
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 | 1.34 |
| Piotroski F-Score | 7 |