ARTESIAN RESOURCES CORP-CL A (ARTNA)
US0431132085 - Common Stock
Overall ARTNA gets a fundamental rating of 4 out of 10. We evaluated ARTNA against 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 is not valued too expensively and it also shows a decent growth rate. Finally 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.
Each year in the past 5 years ARTNA has been profitable.
ARTNA had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 2.18%, ARTNA is doing worse than 71.43% of the companies in the same industry.
ARTNA has a worse Return On Equity (7.25%) than 64.29% of its industry peers.
ARTNA has a Return On Invested Capital (2.86%) which is comparable to the rest of the industry.
Measured over the past 3 years, the Average Return On Invested Capital for ARTNA is below the industry average of 5.16%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.18% | ||
| ROE | 7.25% | ||
| ROIC | 2.86% |
ROA(3y)2.46%
ROA(5y)2.57%
ROE(3y)8.76%
ROE(5y)9.11%
ROIC(3y)3.15%
ROIC(5y)3.29%
1.3 Margins
ARTNA has a Profit Margin of 16.89%. This is comparable to the rest of the industry: ARTNA outperforms 57.14% of its industry peers.
In the last couple of years the Profit Margin of ARTNA has remained more or less at the same level.
ARTNA has a better Operating Margin (29.12%) than 71.43% of its industry peers.
In the last couple of years the Operating Margin of ARTNA has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 29.12% | ||
| PM (TTM) | 16.89% | ||
| GM | N/A |
OM growth 3Y-2.83%
OM growth 5Y-0.45%
PM growth 3Y-3.99%
PM growth 5Y-1%
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.
ARTNA has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, ARTNA has more shares outstanding
ARTNA has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.83, we must say that ARTNA is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of ARTNA (0.83) is worse than 71.43% of its industry peers.
A Debt/Equity ratio of 0.77 indicates that ARTNA is somewhat dependend on debt financing.
ARTNA has a better Debt to Equity ratio (0.77) than 78.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.77 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.83 |
ROIC/WACC0.37
WACC7.66%
2.3 Liquidity
ARTNA has a Current Ratio of 1.37. This is a normal value and indicates that ARTNA is financially healthy and should not expect problems in meeting its short term obligations.
ARTNA's Current ratio of 1.37 is fine compared to the rest of the industry. ARTNA outperforms 71.43% of its industry peers.
A Quick Ratio of 1.10 indicates that ARTNA should not have too much problems paying its short term obligations.
The Quick ratio of ARTNA (1.10) is better than 78.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.37 | ||
| Quick Ratio | 1.1 |
3. Growth
3.1 Past
ARTNA shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -12.17%.
The Earnings Per Share has been growing slightly by 1.72% on average over the past years.
Looking at the last year, ARTNA shows a decrease in Revenue. The Revenue has decreased by -0.04% in the last year.
ARTNA shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.22% yearly.
EPS 1Y (TTM)-12.17%
EPS 3Y-2.66%
EPS 5Y1.72%
EPS growth Q2Q41.67%
Revenue 1Y (TTM)-0.04%
Revenue growth 3Y3.9%
Revenue growth 5Y4.22%
Revenue growth Q2Q-2.29%
3.2 Future
Based on estimates for the next years, ARTNA will show a quite strong growth in Earnings Per Share. The EPS will grow by 14.15% on average per year.
Based on estimates for the next years, ARTNA will show a small growth in Revenue. The Revenue will grow by 4.40% on average per year.
EPS Next Y23.48%
EPS Next 2Y14.15%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year5%
Revenue Next 2Y4.4%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 22.48, the valuation of ARTNA can be described as rather expensive.
64.29% of the companies in the same industry are more expensive than ARTNA, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 28.28. ARTNA is valued slightly cheaper when compared to this.
A Price/Forward Earnings ratio of 18.21 indicates a rather expensive valuation of ARTNA.
ARTNA's Price/Forward Earnings ratio is rather cheap when compared to the industry. ARTNA is cheaper than 92.86% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of ARTNA to the average of the S&P500 Index (20.88), we can say ARTNA is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.48 | ||
| Fwd PE | 18.21 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ARTNA is valued a bit cheaper than the industry average as 78.57% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 13.19 |
4.3 Compensation for Growth
ARTNA's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as ARTNA's earnings are expected to grow with 14.15% in the coming years.
PEG (NY)0.96
PEG (5Y)13.07
EPS Next 2Y14.15%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.36%, ARTNA has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.76, ARTNA pays a better dividend. On top of this ARTNA pays more dividend than 92.86% of the companies listed in the same industry.
ARTNA's Dividend Yield is a higher than the S&P500 average which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.36% |
5.2 History
The dividend of ARTNA has a limited annual growth rate of 3.57%.
ARTNA has been paying a dividend for at least 10 years, so it has a reliable track record.
ARTNA has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)3.57%
Div Incr Years16
Div Non Decr Years16
5.3 Sustainability
ARTNA pays out 67.32% of its income as dividend. This is not a sustainable payout ratio.
The dividend of ARTNA is growing, but earnings are growing more, so the dividend growth is sustainable.
DP67.32%
EPS Next 2Y14.15%
EPS Next 3YN/A
ARTESIAN RESOURCES CORP-CL A
NASDAQ:ARTNA (5/3/2024, 7:00:01 PM)
After market: 37.32 0 (0%)37.32
+0.62 (+1.69%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryWater Utilities
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap384.02M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.36% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
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EPS beat(8)
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EPS beat(16)
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Revenue beat(2)
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Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
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Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.48 | ||
| Fwd PE | 18.21 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.96
PEG (5Y)13.07
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.18% | ||
| ROE | 7.25% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 29.12% | ||
| PM (TTM) | 16.89% | ||
| GM | N/A | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.13
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.77 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.37 | ||
| Quick Ratio | 1.1 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-12.17%
EPS 3Y-2.66%
EPS 5Y
EPS growth Q2Q
EPS Next Y23.48%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-0.04%
Revenue growth 3Y3.9%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y