Logo image of ARTNA

ARTESIAN RESOURCES CORP-CL A (ARTNA) Stock Fundamental Analysis

NASDAQ:ARTNA - Nasdaq - US0431132085 - Common Stock - Currency: USD

32.04  +0.95 (+3.06%)

After market: 32.04 0 (0%)

Fundamental Rating

4

Overall ARTNA gets a fundamental rating of 4 out of 10. We evaluated ARTNA against 14 industry peers in the Water Utilities industry. There are concerns on the financial health of ARTNA while its profitability can be described as average. ARTNA has a decent growth rate and is not valued too expensively. ARTNA also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

Quickly go to:

4

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.
Each year in the past 5 years ARTNA had a positive operating cash flow.
ARTNA Yearly Net Income VS EBIT VS OCF VS FCFARTNA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20M -20M

1.2 Ratios

ARTNA has a Return On Assets of 2.52%. This is in the lower half of the industry: ARTNA underperforms 64.29% of its industry peers.
With a Return On Equity value of 8.40%, ARTNA is not doing good in the industry: 71.43% of the companies in the same industry are doing better.
ARTNA has a worse Return On Invested Capital (3.18%) than 64.29% of its industry peers.
The Average Return On Invested Capital over the past 3 years for ARTNA is below the industry average of 5.69%.
The last Return On Invested Capital (3.18%) for ARTNA is above the 3 year average (3.15%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 2.52%
ROE 8.4%
ROIC 3.18%
ROA(3y)2.46%
ROA(5y)2.57%
ROE(3y)8.76%
ROE(5y)9.11%
ROIC(3y)3.15%
ROIC(5y)3.29%
ARTNA Yearly ROA, ROE, ROICARTNA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2 4 6 8

1.3 Margins

Looking at the Profit Margin, with a value of 18.96%, ARTNA is doing worse than 64.29% of the companies in the same industry.
In the last couple of years the Profit Margin of ARTNA has remained more or less at the same level.
ARTNA's Operating Margin of 31.42% is fine compared to the rest of the industry. ARTNA outperforms 64.29% of its industry peers.
ARTNA's Operating Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 31.42%
PM (TTM) 18.96%
GM N/A
OM growth 3Y-2.83%
OM growth 5Y-0.45%
PM growth 3Y-3.99%
PM growth 5Y-1%
GM growth 3YN/A
GM growth 5YN/A
ARTNA Yearly Profit, Operating, Gross MarginsARTNA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 10 20 30

More info and screens

3

2. Health

2.1 Basic Checks

ARTNA 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 ARTNA has been increased compared to 1 year ago.
The number of shares outstanding for ARTNA has been increased compared to 5 years ago.
Compared to 1 year ago, ARTNA has an improved debt to assets ratio.
ARTNA Yearly Shares OutstandingARTNA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2M 4M 6M 8M 10M
ARTNA Yearly Total Debt VS Total AssetsARTNA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M

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.
Looking at the Altman-Z score, with a value of 0.77, ARTNA is doing worse than 64.29% of the companies in the same industry.
ARTNA has a Debt/Equity ratio of 0.76. This is a neutral value indicating ARTNA is somewhat dependend on debt financing.
ARTNA has a Debt to Equity ratio of 0.76. This is in the better half of the industry: ARTNA outperforms 78.57% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.76
Debt/FCF N/A
Altman-Z 0.77
ROIC/WACC0.43
WACC7.34%
ARTNA Yearly LT Debt VS Equity VS FCFARTNA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 50M 100M 150M 200M

2.3 Liquidity

A Current Ratio of 1.22 indicates that ARTNA should not have too much problems paying its short term obligations.
The Current ratio of ARTNA (1.22) is better than 64.29% of its industry peers.
ARTNA has a Quick Ratio of 1.07. This is a normal value and indicates that ARTNA is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of ARTNA (1.07) is better than 71.43% of its industry peers.
Industry RankSector Rank
Current Ratio 1.22
Quick Ratio 1.07
ARTNA Yearly Current Assets VS Current LiabilitesARTNA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 10M 20M 30M 40M

More info and screens

5

3. Growth

3.1 Past

ARTNA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 25.00%, 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 1.72% on average per year.
ARTNA shows a small growth in Revenue. In the last year, the Revenue has grown by 6.24%.
Measured over the past years, ARTNA shows a small growth in Revenue. The Revenue has been growing by 4.22% on average per year.
EPS 1Y (TTM)25%
EPS 3Y-2.66%
EPS 5Y1.72%
EPS Q2Q%34.69%
Revenue 1Y (TTM)6.24%
Revenue growth 3Y3.9%
Revenue growth 5Y4.22%
Sales Q2Q%9.68%

3.2 Future

ARTNA is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.05% yearly.
ARTNA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.77% yearly.
EPS Next Y19.13%
EPS Next 2Y11.4%
EPS Next 3Y9.05%
EPS Next 5YN/A
Revenue Next Year6%
Revenue Next 2Y5.36%
Revenue Next 3Y4.77%
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.
ARTNA Yearly Revenue VS EstimatesARTNA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 20M 40M 60M 80M 100M
ARTNA Yearly EPS VS EstimatesARTNA Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2

More info and screens

5

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 16.43, ARTNA is valued correctly.
78.57% of the companies in the same industry are more expensive than ARTNA, based on the Price/Earnings ratio.
ARTNA's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 29.75.
A Price/Forward Earnings ratio of 15.55 indicates a correct valuation of ARTNA.
Compared to the rest of the industry, the Price/Forward Earnings ratio of ARTNA indicates a rather cheap valuation: ARTNA is cheaper than 92.86% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of ARTNA to the average of the S&P500 Index (22.44), we can say ARTNA is valued slightly cheaper.
Industry RankSector Rank
PE 16.43
Fwd PE 15.55
ARTNA Price Earnings VS Forward Price EarningsARTNA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, ARTNA is valued cheaply inside the industry as 85.71% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 10.44
ARTNA Per share dataARTNA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15 20

4.3 Compensation for Growth

ARTNA's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.86
PEG (5Y)9.55
EPS Next 2Y11.4%
EPS Next 3Y9.05%

More info and screens

7

5. Dividend

5.1 Amount

ARTNA has a Yearly Dividend Yield of 3.84%.
ARTNA's Dividend Yield is rather good when compared to the industry average which is at 3.42. ARTNA pays more dividend than 92.86% of the companies in the same industry.
ARTNA's Dividend Yield is rather good when compared to the S&P500 average which is at 2.30.
Industry RankSector Rank
Dividend Yield 3.84%

5.2 History

The dividend of ARTNA has a limited annual growth rate of 3.57%.
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)3.57%
Div Incr Years30
Div Non Decr Years30
ARTNA Yearly Dividends per shareARTNA Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8 1

5.3 Sustainability

60.10% of the earnings are spent on dividend by ARTNA. This is not a sustainable payout ratio.
ARTNA's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP60.1%
EPS Next 2Y11.4%
EPS Next 3Y9.05%
ARTNA Yearly Income VS Free CF VS DividendARTNA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 10M -10M -20M -30M
ARTNA Dividend Payout.ARTNA Dividend Payout, showing the Payout Ratio.ARTNA Dividend Payout.PayoutRetained Earnings

More info and screens

ARTESIAN RESOURCES CORP-CL A

NASDAQ:ARTNA (3/3/2025, 4:05:07 PM)

After market: 32.04 0 (0%)

32.04

+0.95 (+3.06%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryWater Utilities
Earnings (Last)11-04 2024-11-04/amc
Earnings (Next)03-12 2025-03-12/amc
Inst Owners61.45%
Inst Owner Change2.04%
Ins Owners2.41%
Ins Owner Change0%
Market Cap330.01M
Analysts86.67
Price Target46.92 (46.44%)
Short Float %0.74%
Short Ratio1.71
Dividend
Industry RankSector Rank
Dividend Yield 3.84%
Yearly Dividend1.14
Dividend Growth(5Y)3.57%
DP60.1%
Div Incr Years30
Div Non Decr Years30
Ex-Date02-07 2025-02-07 (0.3014)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.73%
Min EPS beat(2)-6.51%
Max EPS beat(2)5.05%
EPS beat(4)2
Avg EPS beat(4)1.1%
Min EPS beat(4)-6.51%
Max EPS beat(4)6.48%
EPS beat(8)3
Avg EPS beat(8)-2.37%
EPS beat(12)5
Avg EPS beat(12)-2.12%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-1.93%
Min Revenue beat(2)-2.44%
Max Revenue beat(2)-1.42%
Revenue beat(4)0
Avg Revenue beat(4)-3.23%
Min Revenue beat(4)-8.35%
Max Revenue beat(4)-0.71%
Revenue beat(8)1
Avg Revenue beat(8)-2.3%
Revenue beat(12)3
Avg Revenue beat(12)-0.95%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)-11.54%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
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%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 16.43
Fwd PE 15.55
P/S 3.12
P/FCF N/A
P/OCF 8.55
P/B 1.38
P/tB 1.4
EV/EBITDA 10.44
EPS(TTM)1.95
EY6.09%
EPS(NY)2.06
Fwd EY6.43%
FCF(TTM)-0.55
FCFYN/A
OCF(TTM)3.75
OCFY11.7%
SpS10.26
BVpS23.14
TBVpS22.92
PEG (NY)0.86
PEG (5Y)9.55
Profitability
Industry RankSector Rank
ROA 2.52%
ROE 8.4%
ROCE 4.32%
ROIC 3.18%
ROICexc 3.22%
ROICexgc 3.23%
OM 31.42%
PM (TTM) 18.96%
GM N/A
FCFM N/A
ROA(3y)2.46%
ROA(5y)2.57%
ROE(3y)8.76%
ROE(5y)9.11%
ROIC(3y)3.15%
ROIC(5y)3.29%
ROICexc(3y)3.16%
ROICexc(5y)3.3%
ROICexgc(3y)3.16%
ROICexgc(5y)3.3%
ROCE(3y)4.38%
ROCE(5y)4.58%
ROICexcg growth 3Y-7.11%
ROICexcg growth 5Y-3.77%
ROICexc growth 3Y-7.19%
ROICexc growth 5Y-3.82%
OM growth 3Y-2.83%
OM growth 5Y-0.45%
PM growth 3Y-3.99%
PM growth 5Y-1%
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.13
Health
Industry RankSector Rank
Debt/Equity 0.76
Debt/FCF N/A
Debt/EBITDA 3.86
Cap/Depr 324.75%
Cap/Sales 41.9%
Interest Coverage 3.87
Cash Conversion 82.46%
Profit Quality N/A
Current Ratio 1.22
Quick Ratio 1.07
Altman-Z 0.77
F-Score7
WACC7.34%
ROIC/WACC0.43
Cap/Depr(3y)397.88%
Cap/Depr(5y)375.61%
Cap/Sales(3y)52.28%
Cap/Sales(5y)48.88%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)25%
EPS 3Y-2.66%
EPS 5Y1.72%
EPS Q2Q%34.69%
EPS Next Y19.13%
EPS Next 2Y11.4%
EPS Next 3Y9.05%
EPS Next 5YN/A
Revenue 1Y (TTM)6.24%
Revenue growth 3Y3.9%
Revenue growth 5Y4.22%
Sales Q2Q%9.68%
Revenue Next Year6%
Revenue Next 2Y5.36%
Revenue Next 3Y4.77%
Revenue Next 5YN/A
EBIT growth 1Y21.95%
EBIT growth 3Y0.96%
EBIT growth 5Y3.75%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y45.7%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y5.27%
OCF growth 3Y16.09%
OCF growth 5Y1.8%