54.46 USD
-0.63 (-1.14%)
54.46 USD
0 (0%)
MSEX gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 14 industry peers in the Water Utilities industry. MSEX has a medium profitability rating, but doesn't score so well on its financial health evaluation. While showing a medium growth rate, MSEX is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
- MSEX had positive earnings in the past year.
- MSEX had a positive operating cash flow in the past year.
- In the past 5 years MSEX has always been profitable.
- Each year in the past 5 years MSEX had a positive operating cash flow.
1.2 Ratios
- With a Return On Assets value of 3.20%, MSEX perfoms like the industry average, outperforming 57.14% of the companies in the same industry.
- The Return On Equity of MSEX (8.87%) is comparable to the rest of the industry.
- MSEX has a Return On Invested Capital of 3.32%. This is comparable to the rest of the industry: MSEX outperforms 50.00% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for MSEX is in line with the industry average of 4.99%.
- The last Return On Invested Capital (3.32%) for MSEX is above the 3 year average (3.15%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.2% | ||
| ROE | 8.87% | ||
| ROIC | 3.32% |
ROA(3y)3.33%
ROA(5y)3.5%
ROE(3y)9.27%
ROE(5y)9.73%
ROIC(3y)3.15%
ROIC(5y)3.07%
1.3 Margins
- With a decent Profit Margin value of 22.04%, MSEX is doing good in the industry, outperforming 71.43% of the companies in the same industry.
- MSEX's Profit Margin has declined in the last couple of years.
- MSEX has a Operating Margin (27.56%) which is comparable to the rest of the industry.
- In the last couple of years the Operating Margin of MSEX has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 27.56% | ||
| PM (TTM) | 22.04% | ||
| GM | N/A |
OM growth 3Y6.13%
OM growth 5Y1.01%
PM growth 3Y-3.22%
PM growth 5Y-1.69%
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 MSEX is destroying value.
- MSEX has more shares outstanding than it did 1 year ago.
- The number of shares outstanding for MSEX has been increased compared to 5 years ago.
- The debt/assets ratio for MSEX has been reduced compared to a year ago.
2.2 Solvency
- MSEX has an Altman-Z score of 1.14. This is a bad value and indicates that MSEX is not financially healthy and even has some risk of bankruptcy.
- With a Altman-Z score value of 1.14, MSEX perfoms like the industry average, outperforming 57.14% of the companies in the same industry.
- A Debt/Equity ratio of 0.84 indicates that MSEX is somewhat dependend on debt financing.
- MSEX has a better Debt to Equity ratio (0.84) than 71.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.84 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.14 |
ROIC/WACC0.42
WACC7.83%
2.3 Liquidity
- A Current Ratio of 0.42 indicates that MSEX may have some problems paying its short term obligations.
- MSEX has a Current ratio of 0.42. This is amonst the worse of the industry: MSEX underperforms 92.86% of its industry peers.
- MSEX has a Quick Ratio of 0.42. This is a bad value and indicates that MSEX is not financially healthy enough and could expect problems in meeting its short term obligations.
- Looking at the Quick ratio, with a value of 0.36, MSEX is doing worse than 92.86% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.42 | ||
| Quick Ratio | 0.36 |
3. Growth
3.1 Past
- MSEX shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 3.91%.
- Measured over the past 5 years, MSEX shows a small growth in Earnings Per Share. The EPS has been growing by 4.31% on average per year.
- Looking at the last year, MSEX shows a small growth in Revenue. The Revenue has grown by 6.24% in the last year.
- Measured over the past years, MSEX shows a small growth in Revenue. The Revenue has been growing by 7.35% on average per year.
EPS 1Y (TTM)3.91%
EPS 3Y6.07%
EPS 5Y4.31%
EPS Q2Q%-3.75%
Revenue 1Y (TTM)6.24%
Revenue growth 3Y10.27%
Revenue growth 5Y7.35%
Sales Q2Q%-1.83%
3.2 Future
- Based on estimates for the next years, MSEX will show a small growth in Earnings Per Share. The EPS will grow by 6.23% on average per year.
- MSEX is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.79% yearly.
EPS Next Y-4.19%
EPS Next 2Y4.17%
EPS Next 3Y6.23%
EPS Next 5YN/A
Revenue Next Year5.06%
Revenue Next 2Y6.7%
Revenue Next 3Y7.79%
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
- A Price/Earnings ratio of 22.79 indicates a rather expensive valuation of MSEX.
- MSEX's Price/Earnings ratio is in line with the industry average.
- MSEX is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.38, which is the current average of the S&P500 Index.
- With a Price/Forward Earnings ratio of 20.32, MSEX is valued on the expensive side.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of MSEX indicates a somewhat cheap valuation: MSEX is cheaper than 64.29% of the companies listed in the same industry.
- MSEX's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 24.29.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.79 | ||
| Fwd PE | 20.32 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of MSEX is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 15.83 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)5.28
EPS Next 2Y4.17%
EPS Next 3Y6.23%
5. Dividend
5.1 Amount
- MSEX has a Yearly Dividend Yield of 2.61%. Purely for dividend investing, there may be better candidates out there.
- MSEX's Dividend Yield is comparable with the industry average which is at 2.91.
- Compared to an average S&P500 Dividend Yield of 1.85, MSEX pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.61% |
5.2 History
- The dividend of MSEX is nicely growing with an annual growth rate of 6.43%!
- MSEX has paid a dividend for at least 10 years, which is a reliable track record.
- MSEX has decreased its dividend in the last 3 years.
Dividend Growth(5Y)6.43%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
- 56.99% of the earnings are spent on dividend by MSEX. This is a bit on the high side, but may be sustainable.
- MSEX's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP56.99%
EPS Next 2Y4.17%
EPS Next 3Y6.23%
54.46
-0.63 (-1.14%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryWater Utilities
Earnings (Last)10-31 2025-10-31/amc
Earnings (Next)02-26 2026-02-26/amc
Inst Owners82.74%
Inst Owner Change-0.1%
Ins Owners0.94%
Ins Owner Change-0.34%
Market Cap998.80M
Revenue(TTM)194.82M
Net Income(TTM)42.94M
Analysts80
Price Target58.91 (8.17%)
Short Float %4.13%
Short Ratio4.81
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.61% |
Yearly Dividend1.32
Dividend Growth(5Y)6.43%
DP56.99%
Div Incr Years2
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-11.52%
Min EPS beat(2)-12.2%
Max EPS beat(2)-10.84%
EPS beat(4)1
Avg EPS beat(4)-0.07%
Min EPS beat(4)-12.2%
Max EPS beat(4)31.61%
EPS beat(8)3
Avg EPS beat(8)-1.23%
EPS beat(12)3
Avg EPS beat(12)-9.56%
EPS beat(16)4
Avg EPS beat(16)-9.42%
Revenue beat(2)0
Avg Revenue beat(2)-5.63%
Min Revenue beat(2)-5.82%
Max Revenue beat(2)-5.44%
Revenue beat(4)1
Avg Revenue beat(4)-1.17%
Min Revenue beat(4)-5.82%
Max Revenue beat(4)7.4%
Revenue beat(8)2
Avg Revenue beat(8)-3.82%
Revenue beat(12)2
Avg Revenue beat(12)-5.5%
Revenue beat(16)2
Avg Revenue beat(16)-5.02%
PT rev (1m)-3.21%
PT rev (3m)-9.77%
EPS NQ rev (1m)-0.73%
EPS NQ rev (3m)0%
EPS NY rev (1m)-0.14%
EPS NY rev (3m)-5.18%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.06%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.36%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.79 | ||
| Fwd PE | 20.32 | ||
| P/S | 5.13 | ||
| P/FCF | N/A | ||
| P/OCF | 15.24 | ||
| P/B | 2.06 | ||
| P/tB | 2.06 | ||
| EV/EBITDA | 15.83 |
EPS(TTM)2.39
EY4.39%
EPS(NY)2.68
Fwd EY4.92%
FCF(TTM)-1.96
FCFYN/A
OCF(TTM)3.57
OCFY6.56%
SpS10.62
BVpS26.38
TBVpS26.38
PEG (NY)N/A
PEG (5Y)5.28
Graham Number37.67
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.2% | ||
| ROE | 8.87% | ||
| ROCE | 4.39% | ||
| ROIC | 3.32% | ||
| ROICexc | 3.33% | ||
| ROICexgc | 3.33% | ||
| OM | 27.56% | ||
| PM (TTM) | 22.04% | ||
| GM | N/A | ||
| FCFM | N/A |
ROA(3y)3.33%
ROA(5y)3.5%
ROE(3y)9.27%
ROE(5y)9.73%
ROIC(3y)3.15%
ROIC(5y)3.07%
ROICexc(3y)3.16%
ROICexc(5y)3.08%
ROICexgc(3y)3.16%
ROICexgc(5y)3.08%
ROCE(3y)4.13%
ROCE(5y)3.98%
ROICexgc growth 3Y9.39%
ROICexgc growth 5Y1.66%
ROICexc growth 3Y9.39%
ROICexc growth 5Y1.66%
OM growth 3Y6.13%
OM growth 5Y1.01%
PM growth 3Y-3.22%
PM growth 5Y-1.69%
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover0.15
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.84 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 4.74 | ||
| Cap/Depr | 318.89% | ||
| Cap/Sales | 52.04% | ||
| Interest Coverage | 3.87 | ||
| Cash Conversion | 76.65% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.42 | ||
| Quick Ratio | 0.36 | ||
| Altman-Z | 1.14 |
F-Score4
WACC7.83%
ROIC/WACC0.42
Cap/Depr(3y)301.61%
Cap/Depr(5y)341.57%
Cap/Sales(3y)49.79%
Cap/Sales(5y)55.89%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)3.91%
EPS 3Y6.07%
EPS 5Y4.31%
EPS Q2Q%-3.75%
EPS Next Y-4.19%
EPS Next 2Y4.17%
EPS Next 3Y6.23%
EPS Next 5YN/A
Revenue 1Y (TTM)6.24%
Revenue growth 3Y10.27%
Revenue growth 5Y7.35%
Sales Q2Q%-1.83%
Revenue Next Year5.06%
Revenue Next 2Y6.7%
Revenue Next 3Y7.79%
Revenue Next 5YN/A
EBIT growth 1Y5.45%
EBIT growth 3Y17.03%
EBIT growth 5Y8.43%
EBIT Next Year52.31%
EBIT Next 3Y26.51%
EBIT Next 5YN/A
FCF growth 1Y13.29%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y14.74%
OCF growth 3Y21.15%
OCF growth 5Y10.25%
MIDDLESEX WATER CO / MSEX FAQ
Can you provide the ChartMill fundamental rating for MIDDLESEX WATER CO?
ChartMill assigns a fundamental rating of 3 / 10 to MSEX.
Can you provide the valuation status for MIDDLESEX WATER CO?
ChartMill assigns a valuation rating of 2 / 10 to MIDDLESEX WATER CO (MSEX). This can be considered as Overvalued.
How profitable is MIDDLESEX WATER CO (MSEX) stock?
MIDDLESEX WATER CO (MSEX) has a profitability rating of 5 / 10.
Can you provide the financial health for MSEX stock?
The financial health rating of MIDDLESEX WATER CO (MSEX) is 1 / 10.
What is the earnings growth outlook for MIDDLESEX WATER CO?
The Earnings per Share (EPS) of MIDDLESEX WATER CO (MSEX) is expected to decline by -4.19% in the next year.