YORK WATER CO (YORW)
US9871841089 - Common Stock
Taking everything into account, YORW scores 4 out of 10 in our fundamental rating. YORW was compared to 14 industry peers in the Water Utilities industry. YORW has an excellent profitability rating, but there are concerns on its financial health. While showing a medium growth rate, YORW is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
In the past year YORW was profitable.
YORW had a positive operating cash flow in the past year.
YORW had positive earnings in each of the past 5 years.
YORW had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
YORW's Return On Assets of 4.04% is fine compared to the rest of the industry. YORW outperforms 71.43% of its industry peers.
With a decent Return On Equity value of 10.74%, YORW is doing good in the industry, outperforming 71.43% of the companies in the same industry.
YORW has a Return On Invested Capital of 4.09%. This is in the better half of the industry: YORW outperforms 71.43% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for YORW is in line with the industry average of 5.06%.
The 3 year average ROIC (4.07%) for YORW is below the current ROIC(4.09%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.04% | ||
| ROE | 10.74% | ||
| ROIC | 4.09% |
ROA(3y)3.86%
ROA(5y)3.92%
ROE(3y)10.44%
ROE(5y)10.73%
ROIC(3y)4.07%
ROIC(5y)4.5%
1.3 Margins
YORW has a Profit Margin of 33.44%. This is amongst the best in the industry. YORW outperforms 92.86% of its industry peers.
YORW's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 41.58%, YORW belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
YORW's Operating Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 41.58% | ||
| PM (TTM) | 33.44% | ||
| GM | N/A |
OM growth 3Y-2.87%
OM growth 5Y-2.21%
PM growth 3Y2.76%
PM growth 5Y3.9%
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), YORW is destroying value.
YORW has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, YORW has more shares outstanding
The debt/assets ratio for YORW is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.38, we must say that YORW is in the distress zone and has some risk of bankruptcy.
YORW has a better Altman-Z score (1.38) than 71.43% of its industry peers.
A Debt/Equity ratio of 0.81 indicates that YORW is somewhat dependend on debt financing.
YORW has a Debt to Equity ratio of 0.81. This is in the better half of the industry: YORW outperforms 71.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.81 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.38 |
ROIC/WACC0.54
WACC7.53%
2.3 Liquidity
YORW has a Current Ratio of 0.86. This is a bad value and indicates that YORW is not financially healthy enough and could expect problems in meeting its short term obligations.
YORW has a Current ratio of 0.86. This is in the lower half of the industry: YORW underperforms 64.29% of its industry peers.
A Quick Ratio of 0.69 indicates that YORW may have some problems paying its short term obligations.
The Quick ratio of YORW (0.69) is worse than 71.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.86 | ||
| Quick Ratio | 0.69 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 18.57% over the past year.
The Earnings Per Share has been growing by 9.83% on average over the past years. This is quite good.
Looking at the last year, YORW shows a quite strong growth in Revenue. The Revenue has grown by 18.28% in the last year.
Measured over the past years, YORW shows a small growth in Revenue. The Revenue has been growing by 7.96% on average per year.
EPS 1Y (TTM)18.57%
EPS 3Y9.34%
EPS 5Y9.83%
EPS growth Q2Q20%
Revenue 1Y (TTM)18.28%
Revenue growth 3Y9.67%
Revenue growth 5Y7.96%
Revenue growth Q2Q19.76%
3.2 Future
YORW is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 1.90% yearly.
Based on estimates for the next years, YORW will show a small growth in Revenue. The Revenue will grow by 5.56% on average per year.
EPS Next Y-1.07%
EPS Next 2Y1.9%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year5.71%
Revenue Next 2Y5.56%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less 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
YORW is valuated rather expensively with a Price/Earnings ratio of 23.16.
Based on the Price/Earnings ratio, YORW is valued a bit cheaper than 64.29% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 28.91. YORW is around the same levels.
Based on the Price/Forward Earnings ratio of 23.41, the valuation of YORW can be described as rather expensive.
YORW's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 20.51. YORW is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.16 | ||
| Fwd PE | 23.41 |
4.2 Price Multiples
YORW's Enterprise Value to EBITDA ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 17.71 |
4.3 Compensation for Growth
YORW has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)2.36
EPS Next 2Y1.9%
EPS Next 3YN/A
5. Dividend
5.1 Amount
YORW has a Yearly Dividend Yield of 2.20%.
Compared to an average industry Dividend Yield of 3.61, YORW has a dividend in line with its industry peers.
YORW's Dividend Yield is comparable with the S&P500 average which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.2% |
5.2 History
The dividend of YORW has a limited annual growth rate of 4.01%.
YORW has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)4.01%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
YORW pays out 48.80% of its income as dividend. This is a bit on the high side, but may be sustainable.
The dividend of YORW is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP48.8%
EPS Next 2Y1.9%
EPS Next 3YN/A
YORK WATER CO
NASDAQ:YORW (5/15/2024, 7:18:40 PM)
After market: 38.45 0 (0%)38.45
-0.03 (-0.08%)
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 Cap550.99M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.2% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
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EPS beat(4)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
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Revenue beat(2)
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Revenue beat(4)
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Revenue beat(8)
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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 | 23.16 | ||
| Fwd PE | 23.41 | ||
| 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)N/A
PEG (5Y)2.36
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.04% | ||
| ROE | 10.74% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 41.58% | ||
| PM (TTM) | 33.44% | ||
| 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 Turnover0.12
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.81 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.86 | ||
| Quick Ratio | 0.69 | ||
| 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)18.57%
EPS 3Y9.34%
EPS 5Y
EPS growth Q2Q
EPS Next Y-1.07%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)18.28%
Revenue growth 3Y9.67%
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