ARTESIAN RESOURCES CORP-CL A (ARTNA) Stock Fundamental Analysis
NASDAQ:ARTNA - Nasdaq - US0431132085 - Common Stock - Currency: USD
We assign a fundamental rating of 4 out of 10 to ARTNA. ARTNA was compared to 14 industry peers in the Water Utilities industry. While ARTNA is still in line with the averages on profitability rating, there are concerns on its financial health. ARTNA is valied quite expensively at the moment, while it does show a decent growth rate. Finally ARTNA also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year ARTNA was profitable.
ARTNA had a positive operating cash flow in the past year.
ARTNA had positive earnings in each of the past 5 years.
ARTNA had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of ARTNA (2.55%) is worse than 64.29% of its industry peers.
ARTNA has a Return On Equity of 8.53%. This is in the lower half of the industry: ARTNA underperforms 71.43% of its industry peers.
The Return On Invested Capital of ARTNA (3.16%) is worse than 64.29% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for ARTNA is below the industry average of 5.21%.
The last Return On Invested Capital (3.16%) for ARTNA is above the 3 year average (3.04%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.55% | ||
| ROE | 8.53% | ||
| ROIC | 3.16% |
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 (18.89%) which is in line with its industry peers.
In the last couple of years the Profit Margin of ARTNA has remained more or less at the same level.
ARTNA's Operating Margin of 31.00% 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 | 31% | ||
| PM (TTM) | 18.89% | ||
| 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), ARTNA is destroying value.
ARTNA has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, ARTNA has more shares outstanding
The debt/assets ratio for ARTNA has been reduced compared to a year ago.
2.2 Solvency
ARTNA has an Altman-Z score of 0.81. This is a bad value and indicates that ARTNA is not financially healthy and even has some risk of bankruptcy.
ARTNA has a Altman-Z score of 0.81. This is in the lower half of the industry: ARTNA underperforms 71.43% of its industry peers.
ARTNA has a Debt/Equity ratio of 0.74. This is a neutral value indicating ARTNA is somewhat dependend on debt financing.
ARTNA has a better Debt to Equity ratio (0.74) than 78.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.74 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.81 |
ROIC/WACC0.39
WACC8.15%
2.3 Liquidity
A Current Ratio of 0.96 indicates that ARTNA may have some problems paying its short term obligations.
ARTNA's Current ratio of 0.96 is fine compared to the rest of the industry. ARTNA outperforms 71.43% of its industry peers.
A Quick Ratio of 0.79 indicates that ARTNA may have some problems paying its short term obligations.
ARTNA has a Quick ratio (0.79) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.96 | ||
| Quick Ratio | 0.79 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 19.28% over the past year.
Measured over the past 5 years, ARTNA shows a small growth in Earnings Per Share. The EPS has been growing by 4.36% on average per year.
Looking at the last year, ARTNA shows a quite strong growth in Revenue. The Revenue has grown by 9.19% in the last year.
Measured over the past years, ARTNA shows a small growth in Revenue. The Revenue has been growing by 5.25% on average per year.
EPS 1Y (TTM)19.28%
EPS 3Y3.42%
EPS 5Y4.36%
EPS Q2Q%8.82%
Revenue 1Y (TTM)9.19%
Revenue growth 3Y5.91%
Revenue growth 5Y5.25%
Sales Q2Q%9.39%
3.2 Future
ARTNA is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.27% yearly.
Based on estimates for the next years, ARTNA will show a small growth in Revenue. The Revenue will grow by 4.16% on average per year.
EPS Next Y4.04%
EPS Next 2Y4.27%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year5.66%
Revenue Next 2Y4.16%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 17.50, ARTNA is valued on the expensive side.
ARTNA's Price/Earnings ratio is rather cheap when compared to the industry. ARTNA is cheaper than 85.71% of the companies in the same industry.
ARTNA's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.22.
ARTNA is valuated correctly with a Price/Forward Earnings ratio of 16.82.
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 (20.86), we can say ARTNA is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.5 | ||
| Fwd PE | 16.82 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ARTNA is valued a bit cheaper than 78.57% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 11.51 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates ARTNA does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)4.33
PEG (5Y)4.01
EPS Next 2Y4.27%
EPS Next 3YN/A
5. Dividend
5.1 Amount
ARTNA has a Yearly Dividend Yield of 3.47%. Purely for dividend investing, there may be better candidates out there.
ARTNA's Dividend Yield is rather good when compared to the industry average which is at 3.34. ARTNA pays more dividend than 92.86% of the companies in the same industry.
ARTNA's Dividend Yield is a higher than the S&P500 average which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.47% |
5.2 History
The dividend of ARTNA has a limited annual growth rate of 3.81%.
ARTNA has paid a dividend for at least 10 years, which is 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 59.66% of its income as dividend. This is a bit on the high side, but may be sustainable.
ARTNA's earnings are growing around the same pace than its dividend. As long as the earnings growth is kept the dividend growth is sustainable.
DP59.66%
EPS Next 2Y4.27%
EPS Next 3YN/A
NASDAQ:ARTNA (5/2/2025, 8:00:01 PM)
34.65
-0.75 (-2.12%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryWater Utilities
Earnings (Last)
Earnings (Next)
Inst Owners61.45%
Inst Owner Change0.5%
Ins Owners2.41%
Ins Owner Change0%
Market Cap356.89M
Analysts86.67
Price Target46.92 (35.41%)
Short Float %0.8%
Short Ratio1.55
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.47% |
Yearly Dividend1.18
Dividend Growth(5Y)3.81%
DP59.66%
Div Incr Years30
Div Non Decr Years30
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)8.65%
Min EPS beat(2)5.05%
Max EPS beat(2)12.26%
EPS beat(4)2
Avg EPS beat(4)2.55%
Min EPS beat(4)-6.51%
Max EPS beat(4)12.26%
EPS beat(8)4
Avg EPS beat(8)0.87%
EPS beat(12)6
Avg EPS beat(12)-0.16%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)0.92%
Min Revenue beat(2)-2.44%
Max Revenue beat(2)4.27%
Revenue beat(4)1
Avg Revenue beat(4)-0.07%
Min Revenue beat(4)-2.44%
Max Revenue beat(4)4.27%
Revenue beat(8)1
Avg Revenue beat(8)-2.52%
Revenue beat(12)4
Avg Revenue beat(12)-0.56%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)-11.54%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0.9%
Revenue NY rev (3m)0.9%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.5 | ||
| Fwd PE | 16.82 | ||
| P/S | 3.31 | ||
| P/FCF | N/A | ||
| P/OCF | 9.69 | ||
| P/B | 1.49 | ||
| P/tB | 1.51 | ||
| EV/EBITDA | 11.51 |
EPS(TTM)1.98
EY5.71%
EPS(NY)2.06
Fwd EY5.95%
FCF(TTM)-0.89
FCFYN/A
OCF(TTM)3.58
OCFY10.32%
SpS10.48
BVpS23.22
TBVpS23.01
PEG (NY)4.33
PEG (5Y)4.01
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.55% | ||
| ROE | 8.53% | ||
| ROCE | 4.33% | ||
| ROIC | 3.16% | ||
| ROICexc | 3.17% | ||
| ROICexgc | 3.17% | ||
| OM | 31% | ||
| PM (TTM) | 18.89% | ||
| 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 Turnover0.14
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.74 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 3.75 | ||
| Cap/Depr | 337.09% | ||
| Cap/Sales | 42.56% | ||
| Interest Coverage | 3.42 | ||
| Cash Conversion | 78.19% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.96 | ||
| Quick Ratio | 0.79 | ||
| Altman-Z | 0.81 |
F-Score7
WACC8.15%
ROIC/WACC0.39
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)19.28%
EPS 3Y3.42%
EPS 5Y4.36%
EPS Q2Q%8.82%
EPS Next Y4.04%
EPS Next 2Y4.27%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)9.19%
Revenue growth 3Y5.91%
Revenue growth 5Y5.25%
Sales Q2Q%9.39%
Revenue Next Year5.66%
Revenue Next 2Y4.16%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y16.25%
EBIT growth 3Y6.09%
EBIT growth 5Y5.91%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y69.93%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y15.61%
OCF growth 3Y5.55%
OCF growth 5Y14.31%