ARTESIAN RESOURCES CORP-CL A (ARTNA) Stock Fundamental Analysis
USA - NASDAQ:ARTNA - US0431132085 - Common Stock
32.31 USD
+0.23 (+0.72%)
32.31 USD
0 (0%)
We assign a fundamental rating of 4 out of 10 to ARTNA. ARTNA was compared to 14 industry peers in the Water Utilities industry. ARTNA has a medium profitability rating, but doesn't score so well on its financial health evaluation. ARTNA has a decent growth rate and is not valued too expensively. ARTNA also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
ARTNA had positive earnings in the past year.
In the past year ARTNA had a positive cash flow from operations.
ARTNA had positive earnings in each of the past 5 years.
In the past 5 years ARTNA always reported a positive cash flow from operatings.
1.2 Ratios
ARTNA has a Return On Assets (2.73%) which is comparable to the rest of the industry.
ARTNA has a Return On Equity (9.14%) which is in line with its industry peers.
ARTNA has a Return On Invested Capital of 3.24%. This is in the lower half of the industry: ARTNA underperforms 64.29% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for ARTNA is in line with the industry average of 4.98%.
The 3 year average ROIC (3.04%) for ARTNA is below the current ROIC(3.24%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.73% | ||
| ROE | 9.14% | ||
| ROIC | 3.24% |
ROA(3y)2.41%
ROA(5y)2.55%
ROE(3y)8.45%
ROE(5y)8.95%
ROIC(3y)3.04%
ROIC(5y)3.21%
1.3 Margins
ARTNA has a Profit Margin (20.27%) which is comparable to the rest of the industry.
ARTNA's Profit Margin has been stable in the last couple of years.
ARTNA's Operating Margin of 32.00% is fine compared to the rest of the industry. ARTNA outperforms 64.29% of its industry peers.
ARTNA's Operating Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 32% | ||
| PM (TTM) | 20.27% | ||
| GM | N/A |
OM growth 3Y0.16%
OM growth 5Y0.63%
PM growth 3Y0.66%
PM growth 5Y1.13%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ARTNA is destroying value.
Compared to 1 year ago, ARTNA has about the same amount of shares outstanding.
ARTNA has more shares outstanding than it did 5 years ago.
ARTNA has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.77, we must say that ARTNA is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.77, ARTNA is doing worse than 71.43% of the companies in the same industry.
A Debt/Equity ratio of 0.72 indicates that ARTNA is somewhat dependend on debt financing.
ARTNA has a Debt to Equity ratio of 0.72. This is in the better half of the industry: ARTNA outperforms 78.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.72 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.77 |
ROIC/WACC0.42
WACC7.67%
2.3 Liquidity
ARTNA has a Current Ratio of 0.87. This is a bad value and indicates that ARTNA is not financially healthy enough and could expect problems in meeting its short term obligations.
ARTNA's Current ratio of 0.87 is in line compared to the rest of the industry. ARTNA outperforms 42.86% of its industry peers.
A Quick Ratio of 0.69 indicates that ARTNA may have some problems paying its short term obligations.
The Quick ratio of ARTNA (0.69) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.87 | ||
| Quick Ratio | 0.69 |
3. Growth
3.1 Past
ARTNA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 21.91%, which is quite impressive.
The Earnings Per Share has been growing slightly by 4.36% on average over the past years.
The Revenue has been growing slightly by 7.13% in the past year.
The Revenue has been growing slightly by 5.25% on average over the past years.
EPS 1Y (TTM)21.91%
EPS 3Y3.42%
EPS 5Y4.36%
EPS Q2Q%17.31%
Revenue 1Y (TTM)7.13%
Revenue growth 3Y5.91%
Revenue growth 5Y5.25%
Sales Q2Q%4.13%
3.2 Future
Based on estimates for the next years, ARTNA will show a small growth in Earnings Per Share. The EPS will grow by 7.22% on average per year.
ARTNA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.06% yearly.
EPS Next Y12.36%
EPS Next 2Y7.22%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year5.66%
Revenue Next 2Y5.06%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 14.89, the valuation of ARTNA can be described as correct.
Compared to the rest of the industry, the Price/Earnings ratio of ARTNA indicates a rather cheap valuation: ARTNA is cheaper than 92.86% of the companies listed in the same industry.
ARTNA's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.20.
With a Price/Forward Earnings ratio of 14.19, ARTNA is valued correctly.
Based on the Price/Forward Earnings ratio, ARTNA is valued cheaper than 92.86% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.70. ARTNA is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.89 | ||
| Fwd PE | 14.19 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ARTNA indicates a rather cheap valuation: ARTNA is cheaper than 92.86% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 10.44 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.2
PEG (5Y)3.41
EPS Next 2Y7.22%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.70%, ARTNA has a reasonable but not impressive dividend return.
ARTNA's Dividend Yield is rather good when compared to the industry average which is at 3.37. ARTNA pays more dividend than 92.86% of the companies in the same industry.
ARTNA's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.7% |
5.2 History
The dividend of ARTNA has a limited annual growth rate of 3.81%.
ARTNA has been paying a dividend for at least 10 years, so it has a reliable track record.
ARTNA has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)3.81%
Div Incr Years30
Div Non Decr Years30
5.3 Sustainability
ARTNA pays out 55.48% of its income as dividend. This is a bit on the high side, but may be sustainable.
The dividend of ARTNA is growing, but earnings are growing more, so the dividend growth is sustainable.
DP55.48%
EPS Next 2Y7.22%
EPS Next 3YN/A
32.31
+0.23 (+0.72%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryWater Utilities
Earnings (Last)
Earnings (Next)
Inst Owners59.07%
Inst Owner Change-0.45%
Ins Owners2.47%
Ins Owner Change0.65%
Market Cap333.12M
Analysts86.67
Price Target46.92 (45.22%)
Short Float %0.67%
Short Ratio2.13
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.7% |
Yearly Dividend1.18
Dividend Growth(5Y)3.81%
DP55.48%
Div Incr Years30
Div Non Decr Years30
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)26.39%
Min EPS beat(2)5.76%
Max EPS beat(2)47.02%
EPS beat(4)4
Avg EPS beat(4)17.52%
Min EPS beat(4)5.05%
Max EPS beat(4)47.02%
EPS beat(8)5
Avg EPS beat(8)8.57%
EPS beat(12)7
Avg EPS beat(12)4.57%
EPS beat(16)9
Avg EPS beat(16)2.78%
Revenue beat(2)1
Avg Revenue beat(2)-1.95%
Min Revenue beat(2)-4.42%
Max Revenue beat(2)0.53%
Revenue beat(4)2
Avg Revenue beat(4)-0.51%
Min Revenue beat(4)-4.42%
Max Revenue beat(4)4.27%
Revenue beat(8)2
Avg Revenue beat(8)-1.66%
Revenue beat(12)3
Avg Revenue beat(12)-1.57%
Revenue beat(16)6
Avg Revenue beat(16)-0.62%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-4.35%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)-0.88%
Revenue NY rev (3m)-0.88%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.89 | ||
| Fwd PE | 14.19 | ||
| P/S | 3.02 | ||
| P/FCF | N/A | ||
| P/OCF | 9.19 | ||
| P/B | 1.36 | ||
| P/tB | 1.37 | ||
| EV/EBITDA | 10.44 |
EPS(TTM)2.17
EY6.72%
EPS(NY)2.28
Fwd EY7.05%
FCF(TTM)-1.7
FCFYN/A
OCF(TTM)3.52
OCFY10.88%
SpS10.71
BVpS23.75
TBVpS23.54
PEG (NY)1.2
PEG (5Y)3.41
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.73% | ||
| ROE | 9.14% | ||
| ROCE | 4.45% | ||
| ROIC | 3.24% | ||
| ROICexc | 3.24% | ||
| ROICexgc | 3.25% | ||
| OM | 32% | ||
| PM (TTM) | 20.27% | ||
| GM | N/A | ||
| FCFM | N/A |
ROA(3y)2.41%
ROA(5y)2.55%
ROE(3y)8.45%
ROE(5y)8.95%
ROIC(3y)3.04%
ROIC(5y)3.21%
ROICexc(3y)3.04%
ROICexc(5y)3.21%
ROICexgc(3y)3.05%
ROICexgc(5y)3.22%
ROCE(3y)4.2%
ROCE(5y)4.51%
ROICexcg growth 3Y-2.16%
ROICexcg growth 5Y-1.28%
ROICexc growth 3Y-2.24%
ROICexc growth 5Y-1.33%
OM growth 3Y0.16%
OM growth 5Y0.63%
PM growth 3Y0.66%
PM growth 5Y1.13%
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.13
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.72 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 3.63 | ||
| Cap/Depr | 398.41% | ||
| Cap/Sales | 48.75% | ||
| Interest Coverage | 3.62 | ||
| Cash Conversion | 74.23% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.87 | ||
| Quick Ratio | 0.69 | ||
| Altman-Z | 0.77 |
F-Score7
WACC7.67%
ROIC/WACC0.42
Cap/Depr(3y)395.84%
Cap/Depr(5y)367.69%
Cap/Sales(3y)51.49%
Cap/Sales(5y)47.66%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)21.91%
EPS 3Y3.42%
EPS 5Y4.36%
EPS Q2Q%17.31%
EPS Next Y12.36%
EPS Next 2Y7.22%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)7.13%
Revenue growth 3Y5.91%
Revenue growth 5Y5.25%
Sales Q2Q%4.13%
Revenue Next Year5.66%
Revenue Next 2Y5.06%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y13.41%
EBIT growth 3Y6.09%
EBIT growth 5Y5.91%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y44.43%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y40%
OCF growth 3Y5.55%
OCF growth 5Y14.31%