YORK WATER CO (YORW) Stock Fundamental Analysis
NASDAQ:YORW - Nasdaq - US9871841089 - Common Stock - Currency: USD
Taking everything into account, YORW scores 3 out of 10 in our fundamental rating. YORW was compared to 14 industry peers in the Water Utilities industry. There are concerns on the financial health of YORW while its profitability can be described as average. YORW has a expensive valuation and it also scores bad on growth.
1. Profitability
1.1 Basic Checks
YORW had positive earnings in the past year.
In the past year YORW had a positive cash flow from operations.
In the past 5 years YORW has always been profitable.
Each year in the past 5 years YORW had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 3.06%, YORW is in line with its industry, outperforming 50.00% of the companies in the same industry.
YORW has a Return On Equity (8.46%) which is comparable to the rest of the industry.
YORW has a Return On Invested Capital of 3.56%. This is comparable to the rest of the industry: YORW outperforms 50.00% of its industry peers.
YORW had an Average Return On Invested Capital over the past 3 years of 3.87%. This is in line with the industry average of 5.08%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.06% | ||
| ROE | 8.46% | ||
| ROIC | 3.56% |
ROA(3y)3.69%
ROA(5y)3.77%
ROE(3y)9.66%
ROE(5y)10.34%
ROIC(3y)3.87%
ROIC(5y)4.14%
1.3 Margins
YORW has a better Profit Margin (25.91%) than 78.57% of its industry peers.
YORW's Profit Margin has been stable in the last couple of years.
YORW's Operating Margin of 37.09% is fine compared to the rest of the industry. YORW outperforms 78.57% of its industry peers.
YORW's Operating Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 37.09% | ||
| PM (TTM) | 25.91% | ||
| GM | N/A |
OM growth 3Y-4.13%
OM growth 5Y-4.1%
PM growth 3Y-4.16%
PM growth 5Y-0.58%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
YORW has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for YORW has been increased compared to 1 year ago.
YORW has more shares outstanding than it did 5 years ago.
YORW has a worse debt/assets ratio than last year.
2.2 Solvency
YORW has an Altman-Z score of 1.15. This is a bad value and indicates that YORW is not financially healthy and even has some risk of bankruptcy.
YORW has a Altman-Z score of 1.15. This is comparable to the rest of the industry: YORW outperforms 57.14% of its industry peers.
YORW has a Debt/Equity ratio of 0.91. This is a neutral value indicating YORW is somewhat dependend on debt financing.
YORW has a Debt to Equity ratio (0.91) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.91 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.15 |
ROIC/WACC0.38
WACC9.34%
2.3 Liquidity
YORW has a Current Ratio of 0.90. 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's Current ratio of 0.90 is in line compared to the rest of the industry. YORW outperforms 50.00% of its industry peers.
A Quick Ratio of 0.71 indicates that YORW may have some problems paying its short term obligations.
YORW has a Quick ratio (0.71) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.9 | ||
| Quick Ratio | 0.71 |
3. Growth
3.1 Past
The earnings per share for YORW have decreased strongly by -19.41% in the last year.
YORW shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 5.05% yearly.
Looking at the last year, YORW shows a small growth in Revenue. The Revenue has grown by 3.44% in the last year.
Measured over the past years, YORW shows a small growth in Revenue. The Revenue has been growing by 7.76% on average per year.
EPS 1Y (TTM)-19.41%
EPS 3Y2.99%
EPS 5Y5.05%
EPS Q2Q%-16.67%
Revenue 1Y (TTM)3.44%
Revenue growth 3Y10.79%
Revenue growth 5Y7.76%
Sales Q2Q%4.7%
3.2 Future
YORW is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.53% yearly.
The Revenue is expected to grow by 5.83% on average over the next years.
EPS Next Y-4.46%
EPS Next 2Y6.53%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year5.33%
Revenue Next 2Y5.83%
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 23.80 indicates a rather expensive valuation of YORW.
The rest of the industry has a similar Price/Earnings ratio as YORW.
The average S&P500 Price/Earnings ratio is at 26.92. YORW is around the same levels.
YORW is valuated rather expensively with a Price/Forward Earnings ratio of 20.23.
Compared to the rest of the industry, the Price/Forward Earnings ratio of YORW is on the same level as its industry peers.
YORW's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 21.46.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.8 | ||
| Fwd PE | 20.23 |
4.2 Price Multiples
YORW's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. YORW is more expensive than 64.29% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 16.39 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)4.71
EPS Next 2Y6.53%
EPS Next 3YN/A
5. Dividend
5.1 Amount
YORW has a Yearly Dividend Yield of 2.73%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.46, YORW pays a bit more dividend than its industry peers.
YORW's Dividend Yield is comparable with the S&P500 average which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.73% |
5.2 History
The dividend of YORW has a limited annual growth rate of 3.93%.
YORW has paid a dividend for at least 10 years, which is a reliable track record.
YORW has decreased its dividend recently.
Dividend Growth(5Y)3.93%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
62.22% of the earnings are spent on dividend by YORW. This is not a sustainable payout ratio.
The dividend of YORW is growing, but earnings are growing more, so the dividend growth is sustainable.
DP62.22%
EPS Next 2Y6.53%
EPS Next 3YN/A
32.61
-0.19 (-0.58%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryWater Utilities
Earnings (Last)
Earnings (Next)
Inst Owners54.58%
Inst Owner Change2.5%
Ins Owners0.6%
Ins Owner Change3.43%
Market Cap469.58M
Analysts85.71
Price Target41.82 (28.24%)
Short Float %1.2%
Short Ratio2.54
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.73% |
Yearly Dividend0.84
Dividend Growth(5Y)3.93%
DP62.22%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-15.17%
Min EPS beat(2)-25.73%
Max EPS beat(2)-4.61%
EPS beat(4)0
Avg EPS beat(4)-14.01%
Min EPS beat(4)-25.73%
Max EPS beat(4)-1.96%
EPS beat(8)4
Avg EPS beat(8)-3.38%
EPS beat(12)7
Avg EPS beat(12)-1.23%
EPS beat(16)9
Avg EPS beat(16)-0.86%
Revenue beat(2)0
Avg Revenue beat(2)-3.71%
Min Revenue beat(2)-4.77%
Max Revenue beat(2)-2.65%
Revenue beat(4)0
Avg Revenue beat(4)-3.51%
Min Revenue beat(4)-4.77%
Max Revenue beat(4)-2.65%
Revenue beat(8)3
Avg Revenue beat(8)-0.37%
Revenue beat(12)7
Avg Revenue beat(12)0.93%
Revenue beat(16)8
Avg Revenue beat(16)0.44%
PT rev (1m)-2.38%
PT rev (3m)-2.38%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-8.33%
EPS NY rev (1m)0%
EPS NY rev (3m)-13.07%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.8 | ||
| Fwd PE | 20.23 | ||
| P/S | 6.2 | ||
| P/FCF | N/A | ||
| P/OCF | 15.43 | ||
| P/B | 2.02 | ||
| P/tB | 2.02 | ||
| EV/EBITDA | 16.39 |
EPS(TTM)1.37
EY4.2%
EPS(NY)1.61
Fwd EY4.94%
FCF(TTM)-1.29
FCFYN/A
OCF(TTM)2.11
OCFY6.48%
SpS5.26
BVpS16.12
TBVpS16.12
PEG (NY)N/A
PEG (5Y)4.71
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.06% | ||
| ROE | 8.46% | ||
| ROCE | 4.5% | ||
| ROIC | 3.56% | ||
| ROICexc | 3.56% | ||
| ROICexgc | 3.56% | ||
| OM | 37.09% | ||
| PM (TTM) | 25.91% | ||
| GM | N/A | ||
| FCFM | N/A |
ROA(3y)3.69%
ROA(5y)3.77%
ROE(3y)9.66%
ROE(5y)10.34%
ROIC(3y)3.87%
ROIC(5y)4.14%
ROICexc(3y)3.87%
ROICexc(5y)4.14%
ROICexgc(3y)3.87%
ROICexgc(5y)4.14%
ROCE(3y)4.9%
ROCE(5y)5.24%
ROICexcg growth 3Y-5.1%
ROICexcg growth 5Y-7.77%
ROICexc growth 3Y-5.1%
ROICexc growth 5Y-7.77%
OM growth 3Y-4.13%
OM growth 5Y-4.1%
PM growth 3Y-4.16%
PM growth 5Y-0.58%
GM growth 3YN/A
GM growth 5YN/A
F-Score3
Asset Turnover0.12
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.91 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 5.09 | ||
| Cap/Depr | 364.87% | ||
| Cap/Sales | 64.72% | ||
| Interest Coverage | 3.19 | ||
| Cash Conversion | 73.22% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.9 | ||
| Quick Ratio | 0.71 | ||
| Altman-Z | 1.15 |
F-Score3
WACC9.34%
ROIC/WACC0.38
Cap/Depr(3y)473.57%
Cap/Depr(5y)440.35%
Cap/Sales(3y)79.82%
Cap/Sales(5y)72.31%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-19.41%
EPS 3Y2.99%
EPS 5Y5.05%
EPS Q2Q%-16.67%
EPS Next Y-4.46%
EPS Next 2Y6.53%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)3.44%
Revenue growth 3Y10.79%
Revenue growth 5Y7.76%
Sales Q2Q%4.7%
Revenue Next Year5.33%
Revenue Next 2Y5.83%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-7.32%
EBIT growth 3Y6.22%
EBIT growth 5Y3.34%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y39.34%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y32.81%
OCF growth 3Y10%
OCF growth 5Y10.11%