ARTESIAN RESOURCES CORP-CL A (ARTNA) Stock Fundamental Analysis
NASDAQ:ARTNA - Nasdaq - US0431132085 - Common Stock - Currency: USD
Overall ARTNA gets a fundamental rating of 4 out of 10. We evaluated ARTNA against 14 industry peers in the Water Utilities industry. ARTNA has a medium profitability rating, but doesn't score so well on its financial health evaluation. ARTNA is not valued too expensively and it also shows a decent growth rate. ARTNA also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
ARTNA had positive earnings in the past year.
In the past year ARTNA had a positive cash flow from operations.
Each year in the past 5 years ARTNA has been profitable.
ARTNA had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
ARTNA has a Return On Assets of 2.65%. This is comparable to the rest of the industry: ARTNA outperforms 42.86% of its industry peers.
The Return On Equity of ARTNA (8.86%) is comparable to the rest of the industry.
ARTNA has a Return On Invested Capital of 3.21%. This is in the lower half of the industry: ARTNA underperforms 64.29% of its industry peers.
ARTNA had an Average Return On Invested Capital over the past 3 years of 3.04%. This is below the industry average of 5.08%.
The 3 year average ROIC (3.04%) for ARTNA is below the current ROIC(3.21%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.65% | ||
| ROE | 8.86% | ||
| ROIC | 3.21% |
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 19.60%. This is comparable to the rest of the industry: ARTNA outperforms 42.86% of its industry peers.
ARTNA's Profit Margin has been stable in the last couple of years.
The Operating Margin of ARTNA (31.53%) is better than 64.29% of its industry peers.
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 | 31.53% | ||
| PM (TTM) | 19.6% | ||
| 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
ARTNA has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, ARTNA has about the same amount of shares outstanding.
ARTNA has more shares outstanding than it did 5 years ago.
The debt/assets ratio for ARTNA has been reduced compared to a year ago.
2.2 Solvency
ARTNA has an Altman-Z score of 0.79. 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 0.79. This is in the lower half of the industry: ARTNA underperforms 71.43% of its industry peers.
A Debt/Equity ratio of 0.73 indicates that ARTNA is somewhat dependend on debt financing.
ARTNA has a better Debt to Equity ratio (0.73) than 78.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.79 |
ROIC/WACC0.39
WACC8.23%
2.3 Liquidity
A Current Ratio of 0.98 indicates that ARTNA may have some problems paying its short term obligations.
With a Current ratio value of 0.98, ARTNA perfoms like the industry average, outperforming 57.14% of the companies in the same industry.
ARTNA has a Quick Ratio of 0.98. 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 Quick ratio of 0.77. This is comparable to the rest of the industry: ARTNA outperforms 57.14% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.98 | ||
| Quick Ratio | 0.77 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 22.35% over the past year.
The Earnings Per Share has been growing slightly by 4.36% on average over the past years.
The Revenue has grown by 8.31% in the past year. This is quite good.
The Revenue has been growing slightly by 5.25% on average over the past years.
EPS 1Y (TTM)22.35%
EPS 3Y3.42%
EPS 5Y4.36%
EPS Q2Q%23.26%
Revenue 1Y (TTM)8.31%
Revenue growth 3Y5.91%
Revenue growth 5Y5.25%
Sales Q2Q%5.47%
3.2 Future
The Earnings Per Share is expected to grow by 7.22% on average over the next years.
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 Year6.6%
Revenue Next 2Y5.06%
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 stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 16.16, the valuation of ARTNA can be described as correct.
Based on the Price/Earnings ratio, ARTNA is valued cheaper than 92.86% of the companies in the same industry.
ARTNA is valuated rather cheaply when we compare the Price/Earnings ratio to 27.30, which is the current average of the S&P500 Index.
ARTNA is valuated correctly with a Price/Forward Earnings ratio of 14.77.
ARTNA's Price/Forward Earnings ratio is rather cheap when compared to the industry. ARTNA is cheaper than 92.86% of the companies in the same industry.
ARTNA is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 21.76, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.16 | ||
| Fwd PE | 14.77 |
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 | 10.88 |
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)1.31
PEG (5Y)3.7
EPS Next 2Y7.22%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.64%, ARTNA has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.34, 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 2.37.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.64% |
5.2 History
The dividend of ARTNA has a limited annual growth rate of 3.81%.
ARTNA has paid a dividend for at least 10 years, which is a reliable track record.
ARTNA has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)3.81%
Div Incr Years30
Div Non Decr Years30
5.3 Sustainability
ARTNA pays out 57.39% of its income as dividend. 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.
DP57.39%
EPS Next 2Y7.22%
EPS Next 3YN/A
33.61
-0.12 (-0.36%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryWater Utilities
Earnings (Last)
Earnings (Next)
Inst Owners59.39%
Inst Owner Change0%
Ins Owners2.47%
Ins Owner Change1.6%
Market Cap346.52M
Analysts86.67
Price Target46.92 (39.6%)
Short Float %0.72%
Short Ratio1.97
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.64% |
Yearly Dividend1.18
Dividend Growth(5Y)3.81%
DP57.39%
Div Incr Years30
Div Non Decr Years30
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)29.64%
Min EPS beat(2)12.26%
Max EPS beat(2)47.02%
EPS beat(4)3
Avg EPS beat(4)14.45%
Min EPS beat(4)-6.51%
Max EPS beat(4)47.02%
EPS beat(8)5
Avg EPS beat(8)9.78%
EPS beat(12)7
Avg EPS beat(12)4.33%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)2.4%
Min Revenue beat(2)0.53%
Max Revenue beat(2)4.27%
Revenue beat(4)2
Avg Revenue beat(4)0.24%
Min Revenue beat(4)-2.44%
Max Revenue beat(4)4.27%
Revenue beat(8)2
Avg Revenue beat(8)-1.83%
Revenue beat(12)4
Avg Revenue beat(12)-0.73%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.82%
EPS NY rev (1m)0%
EPS NY rev (3m)8%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)3.57%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.8%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.16 | ||
| Fwd PE | 14.77 | ||
| P/S | 3.17 | ||
| P/FCF | N/A | ||
| P/OCF | 9.85 | ||
| P/B | 1.43 | ||
| P/tB | 1.45 | ||
| EV/EBITDA | 10.88 |
EPS(TTM)2.08
EY6.19%
EPS(NY)2.28
Fwd EY6.77%
FCF(TTM)-1.19
FCFYN/A
OCF(TTM)3.41
OCFY10.15%
SpS10.6
BVpS23.44
TBVpS23.23
PEG (NY)1.31
PEG (5Y)3.7
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.65% | ||
| ROE | 8.86% | ||
| ROCE | 4.4% | ||
| ROIC | 3.21% | ||
| ROICexc | 3.23% | ||
| ROICexgc | 3.24% | ||
| OM | 31.53% | ||
| PM (TTM) | 19.6% | ||
| 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 Turnover0.14
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 3.67 | ||
| Cap/Depr | 350.7% | ||
| Cap/Sales | 43.39% | ||
| Interest Coverage | 3.86 | ||
| Cash Conversion | 73.33% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.98 | ||
| Quick Ratio | 0.77 | ||
| Altman-Z | 0.79 |
F-Score7
WACC8.23%
ROIC/WACC0.39
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)22.35%
EPS 3Y3.42%
EPS 5Y4.36%
EPS Q2Q%23.26%
EPS Next Y12.36%
EPS Next 2Y7.22%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)8.31%
Revenue growth 3Y5.91%
Revenue growth 5Y5.25%
Sales Q2Q%5.47%
Revenue Next Year6.6%
Revenue Next 2Y5.06%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y15.58%
EBIT growth 3Y6.09%
EBIT growth 5Y5.91%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y62.4%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y53.25%
OCF growth 3Y5.55%
OCF growth 5Y14.31%