ARTESIAN RESOURCES CORP-CL A (ARTNA) Stock Fundamental Analysis
USA - NASDAQ:ARTNA - US0431132085 - Common Stock
32.31 USD
+0.23 (+0.72%)
32.31 USD
0 (0%)
ARTNA gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 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 has a decent growth rate and is not valued too expensively. Finally ARTNA also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year ARTNA was profitable.
In the past year ARTNA had a positive cash flow from operations.
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 (2.73%) is comparable to the rest of the industry.
The Return On Equity of ARTNA (9.14%) is comparable to the rest of the industry.
Looking at the Return On Invested Capital, with a value of 3.24%, ARTNA is doing worse than 64.29% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for ARTNA is in line with the industry average of 4.98%.
The 3 year average ROIC (3.04%) for ARTNA is below the current ROIC(3.24%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.73% | ||
| ROE | 9.14% | ||
| ROIC | 3.24% |
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 of 20.27%. This is comparable to the rest of the industry: ARTNA outperforms 57.14% of its industry peers.
ARTNA's Profit Margin has been stable in the last couple of years.
With a decent Operating Margin value of 32.00%, ARTNA is doing good in the industry, outperforming 64.29% of the companies in the same industry.
In the last couple of years the Operating Margin of ARTNA has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 32% | ||
| PM (TTM) | 20.27% | ||
| 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.
The number of shares outstanding for ARTNA remains at a similar level compared to 1 year ago.
ARTNA has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, ARTNA has an improved debt to assets ratio.
2.2 Solvency
ARTNA has an Altman-Z score of 0.77. 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 0.77. This is in the lower half of the industry: ARTNA underperforms 71.43% of its industry peers.
ARTNA has a Debt/Equity ratio of 0.72. This is a neutral value indicating ARTNA is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.72, ARTNA is in the better half of the industry, outperforming 78.57% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.72 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.77 |
ROIC/WACC0.42
WACC7.67%
2.3 Liquidity
ARTNA has a Current Ratio of 0.87. This is a bad value and indicates that ARTNA is not financially healthy enough and could expect problems in meeting its short term obligations.
ARTNA has a Current ratio (0.87) which is in line with its industry peers.
ARTNA has a Quick Ratio of 0.87. This is a bad value and indicates that ARTNA is not financially healthy enough and could expect problems in meeting its short term obligations.
ARTNA's Quick ratio of 0.69 is in line compared to the rest of the industry. ARTNA outperforms 42.86% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.87 | ||
| Quick Ratio | 0.69 |
3. Growth
3.1 Past
ARTNA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 21.91%, which is quite impressive.
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.
ARTNA shows a small growth in Revenue. In the last year, the Revenue has grown by 7.13%.
The Revenue has been growing slightly by 5.25% on average over the past years.
EPS 1Y (TTM)21.91%
EPS 3Y3.42%
EPS 5Y4.36%
EPS Q2Q%17.31%
Revenue 1Y (TTM)7.13%
Revenue growth 3Y5.91%
Revenue growth 5Y5.25%
Sales Q2Q%4.13%
3.2 Future
ARTNA is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.22% yearly.
Based on estimates for the next years, ARTNA will show a small growth in Revenue. The Revenue will grow by 5.06% on average per year.
EPS Next Y12.36%
EPS Next 2Y7.22%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year5.66%
Revenue Next 2Y5.06%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 14.89, ARTNA is valued correctly.
Based on the Price/Earnings ratio, ARTNA is valued cheaper than 92.86% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.20. ARTNA is valued slightly cheaper when compared to this.
A Price/Forward Earnings ratio of 14.19 indicates a correct valuation of ARTNA.
Based on the Price/Forward Earnings ratio, ARTNA is valued cheaply inside the industry as 92.86% of the companies are valued more expensively.
ARTNA is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.70, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.89 | ||
| Fwd PE | 14.19 |
4.2 Price Multiples
92.86% of the companies in the same industry are more expensive than ARTNA, based on the Enterprise Value to EBITDA ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 10.39 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.2
PEG (5Y)3.41
EPS Next 2Y7.22%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.70%, ARTNA has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.37, ARTNA pays a better dividend. On top of this ARTNA pays more dividend than 92.86% of the companies listed in the same industry.
ARTNA's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.7% |
5.2 History
The dividend of ARTNA has a limited annual growth rate of 3.81%.
ARTNA has been paying a dividend for at least 10 years, so it has 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
55.48% of the earnings are spent on dividend by ARTNA. This is a bit on the high side, but may be sustainable.
ARTNA's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP55.48%
EPS Next 2Y7.22%
EPS Next 3YN/A
32.31
+0.23 (+0.72%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryWater Utilities
Earnings (Last)
Earnings (Next)
Inst Owners59.07%
Inst Owner Change-0.45%
Ins Owners2.47%
Ins Owner Change0.65%
Market Cap333.12M
Analysts86.67
Price Target46.92 (45.22%)
Short Float %0.67%
Short Ratio2.13
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.7% |
Yearly Dividend1.18
Dividend Growth(5Y)3.81%
DP55.48%
Div Incr Years30
Div Non Decr Years30
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)26.39%
Min EPS beat(2)5.76%
Max EPS beat(2)47.02%
EPS beat(4)4
Avg EPS beat(4)17.52%
Min EPS beat(4)5.05%
Max EPS beat(4)47.02%
EPS beat(8)5
Avg EPS beat(8)8.57%
EPS beat(12)7
Avg EPS beat(12)4.57%
EPS beat(16)9
Avg EPS beat(16)2.78%
Revenue beat(2)1
Avg Revenue beat(2)-1.95%
Min Revenue beat(2)-4.42%
Max Revenue beat(2)0.53%
Revenue beat(4)2
Avg Revenue beat(4)-0.51%
Min Revenue beat(4)-4.42%
Max Revenue beat(4)4.27%
Revenue beat(8)2
Avg Revenue beat(8)-1.66%
Revenue beat(12)3
Avg Revenue beat(12)-1.57%
Revenue beat(16)6
Avg Revenue beat(16)-0.62%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-4.35%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)-0.88%
Revenue NY rev (3m)-0.88%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.89 | ||
| Fwd PE | 14.19 | ||
| P/S | 3.02 | ||
| P/FCF | N/A | ||
| P/OCF | 9.19 | ||
| P/B | 1.36 | ||
| P/tB | 1.37 | ||
| EV/EBITDA | 10.39 |
EPS(TTM)2.17
EY6.72%
EPS(NY)2.28
Fwd EY7.05%
FCF(TTM)-1.7
FCFYN/A
OCF(TTM)3.52
OCFY10.88%
SpS10.71
BVpS23.75
TBVpS23.54
PEG (NY)1.2
PEG (5Y)3.41
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.73% | ||
| ROE | 9.14% | ||
| ROCE | 4.45% | ||
| ROIC | 3.24% | ||
| ROICexc | 3.24% | ||
| ROICexgc | 3.25% | ||
| OM | 32% | ||
| PM (TTM) | 20.27% | ||
| 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 Turnover0.13
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.72 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 3.63 | ||
| Cap/Depr | 398.41% | ||
| Cap/Sales | 48.75% | ||
| Interest Coverage | 3.62 | ||
| Cash Conversion | 74.23% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.87 | ||
| Quick Ratio | 0.69 | ||
| Altman-Z | 0.77 |
F-Score7
WACC7.67%
ROIC/WACC0.42
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)21.91%
EPS 3Y3.42%
EPS 5Y4.36%
EPS Q2Q%17.31%
EPS Next Y12.36%
EPS Next 2Y7.22%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)7.13%
Revenue growth 3Y5.91%
Revenue growth 5Y5.25%
Sales Q2Q%4.13%
Revenue Next Year5.66%
Revenue Next 2Y5.06%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y13.41%
EBIT growth 3Y6.09%
EBIT growth 5Y5.91%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y44.43%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y40%
OCF growth 3Y5.55%
OCF growth 5Y14.31%