-0.71%
-1.44%
-22.41%
-24.26%
-9.68%
-48.28%
-23.78%
AI Spotlight on MSEX
Company Description
Middlesex Water Company owns and operates regulated water utility and wastewater systems.It operates in two segments, Regulated and Non-Regulated.The Regulated segment collects, treats, and distributes water on a retail and wholesale basis to residential, commercial, industrial, and fire protection customers, as well as provides regulated wastewater systems in New Jersey and Delaware.
The Non-Regulated segment provides non-regulated contract services for the operation and maintenance of municipal and private water and wastewater systems in New Jersey and Delaware.The company was incorporated in 1896 and is headquartered in Iselin, New Jersey.
Market Data
| Last Price | 50.64 |
| Change Percentage | -0.71% |
| Open | 50.73 |
| Previous Close | 51 |
| Market Cap ( Millions) | 904 |
| Volume | 93911 |
| Year High | 70.73 |
| Year Low | 45.42 |
| M A 50 | 56.35 |
| M A 200 | 58.65 |
Financial Ratios
| FCF Yield | 3.65% |
| Dividend Yield | 2.60% |
| ROE | 9.53% |
| Debt / Equity | 85.65% |
| Net Debt / EBIDTA | 439.58% |
| Price To Book | 2.03 |
| Price Earnings Ratio | 21.85 |
| Price To FCF | 27.38 |
| Price To sales | 4.93 |
| EV / EBITDA | 15.03 |
News
- Jan -28 - Middlesex Water Company Declares Quarterly Cash Dividend
- Jan -21 - These Dividend Stocks Fell Between 1% and 20% in 2024. Here's Why They Are Too Cheap to Ignore and Worth Buying in 2025.
- Jan -15 - Buy 3 'Safer' Dividend Kings Of 25 From 53 For January
- Dec -18 - 3 Stocks to Consider From the Challenging Water Supply Industry
- Dec -16 - MSEX or SJW: Which is a Better Utility Water Supply Stock?
- Dec -13 - Buy 6 December Dividend Kings But Watch 22 With 'Safer' Dividends
- Dec -12 - 5 Low-Beta Stocks to Buy as November Inflation Soars
- Dec -11 - Middlesex Water Faces Valuation Pressure: Analyst Flags Slowing Growth And Rising Regulatory Risks
- Nov -26 - Middlesex Water Announces Retirement of G. Christian Andreasen, Vice President, Enterprise Engineering
- Nov -26 - Middlesex Water Names Gregory Sorensen Vice President and Chief Operating Officer
- Nov -07 - 17 Upcoming Dividend Increases
- Oct -31 - Middlesex Water (MSEX) Beats Q3 Earnings and Revenue Estimates
- Oct -31 - Middlesex Water Announces Third Quarter 2024 Financial Results
- Oct -24 - Middlesex Water Company Increases Common Dividend by 4.62%
- Oct -21 - Middlesex Water to Report 3rd Quarter 2024 Earnings on October 31
- Oct -11 - Buy 7 October Dividend Kings, Watch 10 More
- Oct -09 - Middlesex Water Company Announces Retirement of Bernadette Sohler, VP of Corporate Affairs
- Oct -03 - Middlesex Water Named a Finalist in the PR Daily Awards
- Sep -20 - Middlesex Water Vice President G. Christian Andreasen to Participate in Upcoming Gabelli Funds PFAS Symposium
- Sep -17 - Middlesex Water Company CEO Nadine Leslie and CFO Rally Zerhouni to Participate in Janney Virtual Water Utilities Conference
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Regulated
Expected Growth : 8.5 %
What the company do ?
Middlesex Water Company is a regulated utility providing water and wastewater services, subject to rules and oversight by the New Jersey Board of Public Utilities.
Why we expect these perspectives ?
Middlesex Water Company's 8.5% growth is driven by increasing demand for water and wastewater services, strategic acquisitions, and investments in infrastructure upgrades. Additionally, favorable regulatory environments and rate increases contribute to the company's growth momentum.
Segment n°2 -> Non-Regulated
Expected Growth : 9.5 %
What the company do ?
Non-Regulated refers to Middlesex Water Company's unregulated operations, including wastewater services, and non-utility subsidiaries, which are not subject to traditional utility rate regulation.
Why we expect these perspectives ?
Middlesex Water Company's non-regulated segment growth of 9.5% is driven by increasing demand for water and wastewater services in its contract operations, strong performance in its wastewater treatment and water transmission services, and strategic acquisitions that expand its customer base and service offerings.
Segment n°3 -> Inter-segment Elimination
Expected Growth : 0.0 %
What the company do ?
Inter-segment Elimination from Middlesex Water Company refers to the process of removing redundant or duplicate data segments to optimize data storage and improve efficiency.
Why we expect these perspectives ?
Middlesex Water Company's Inter-segment Elimination growth rate of 0.0% is driven by stable water demand, regulated pricing, and efficient operations. The company's focus on cost management and infrastructure investments also contribute to this flat growth rate, as it maintains its market share in the water utility industry.
Middlesex Water Company Products
| Product Range | What is it ? |
|---|---|
| Water Distribution | Middlesex Water Company provides water distribution services to residential, commercial, and industrial customers, ensuring a reliable and efficient supply of clean water to meet their needs. |
| Wastewater Collection | The company offers wastewater collection services, collecting and treating wastewater from households and businesses, and safely disposing of the treated water into the environment. |
| Water Treatment | Middlesex Water Company provides water treatment services, treating raw water from sources such as rivers, lakes, and underground aquifers to make it safe for human consumption. |
| Stormwater Management | The company offers stormwater management services, designing and implementing systems to manage rainwater runoff and prevent flooding and pollution. |
| Water Conservation | Middlesex Water Company provides water conservation services, helping customers reduce their water usage and lower their water bills. |
Middlesex Water Company's Porter Forces
Threat Of Substitutes
The threat of substitutes for Middlesex Water Company is low due to the lack of alternative water sources in the area.
Bargaining Power Of Customers
The bargaining power of customers for Middlesex Water Company is medium due to the presence of some large commercial and industrial customers.
Bargaining Power Of Suppliers
The bargaining power of suppliers for Middlesex Water Company is low due to the company's ability to negotiate favorable contracts with its suppliers.
Threat Of New Entrants
The threat of new entrants for Middlesex Water Company is low due to the high barriers to entry in the water utility industry.
Intensity Of Rivalry
The intensity of rivalry for Middlesex Water Company is medium due to the presence of some competitors in the area, but the company's strong market position and brand recognition.
Strength
Capital Structure
| Value | |
|---|---|
| Debt Weight | 49.05% |
| Debt Cost | 3.95% |
| Equity Weight | 50.95% |
| Equity Cost | 7.63% |
| WACC | 5.82% |
| Leverage | 96.28% |
Middlesex Water Company : Quality Control
Middlesex Water Company passed 2 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| GWRS | Global Water Resources, Inc., a water resource management company, owns, operates, and manages regulated water, wastewater, and recycled water utilities primarily in metropolitan Phoenix, Arizona. As of December 31, 2020, … |
| PCYO | Pure Cycle Corporation designs, constructs, operates, and maintains water and wastewater systems in the Denver metropolitan area and Colorado Front Range in the United States. It operates in two segments, … |
| SJW | SJW Group, through its subsidiaries, provides water utility services in the United States. It engages in the production, purchase, storage, purification, distribution, wholesale, and retail sale of water and wastewater … |
| ARIS | Aris Water Solutions, Inc., an environmental infrastructure and solutions company, provides water handling and recycling solutions. The company's produced water handling business gathers, transports, unless recycled, and handles produced water … |
| ARTNA | Artesian Resources Corporation, through its subsidiaries, provides water, wastewater, and other services in Delaware, Maryland, and Pennsylvania. The company distributes and sells water to residential, commercial, industrial, governmental, municipal, and … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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Aris Water Solutions
A-Score
1-Year Total Return ->
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Artesian Resources
A-Score
1-Year Total Return ->
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SJW
A-Score
1-Year Total Return ->
4
Pure Cycle
A-Score
1-Year Total Return ->
5
Global Water Resources
A-Score
1-Year Total Return ->
6
