50.99 USD
-0.25 (-0.49%)
At close: Feb 9, 2026
50.99 USD
0 (0%)
After Hours: 2/9/2026, 8:17:53 PM
MSEX gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 14 industry peers in the Water Utilities industry. While MSEX is still in line with the averages on profitability rating, there are concerns on its financial health. MSEX is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
- In the past year MSEX was profitable.
- In the past year MSEX had a positive cash flow from operations.
- MSEX had positive earnings in each of the past 5 years.
- Each year in the past 5 years MSEX had a positive operating cash flow.
1.2 Ratios
- Looking at the Return On Assets, with a value of 3.20%, MSEX is in line with its industry, outperforming 57.14% of the companies in the same industry.
- MSEX has a Return On Equity of 8.87%. This is comparable to the rest of the industry: MSEX outperforms 57.14% of its industry peers.
- MSEX's Return On Invested Capital of 3.32% is in line compared to the rest of the industry. MSEX outperforms 50.00% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for MSEX is in line with the industry average of 4.99%.
- The last Return On Invested Capital (3.32%) for MSEX is above the 3 year average (3.15%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.2% | ||
| ROE | 8.87% | ||
| ROIC | 3.32% |
ROA(3y)3.33%
ROA(5y)3.5%
ROE(3y)9.27%
ROE(5y)9.73%
ROIC(3y)3.15%
ROIC(5y)3.07%
1.3 Margins
- Looking at the Profit Margin, with a value of 22.04%, MSEX is in the better half of the industry, outperforming 71.43% of the companies in the same industry.
- In the last couple of years the Profit Margin of MSEX has declined.
- MSEX has a Operating Margin (27.56%) which is in line with its industry peers.
- MSEX's Operating Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 27.56% | ||
| PM (TTM) | 22.04% | ||
| GM | N/A |
OM growth 3Y6.13%
OM growth 5Y1.01%
PM growth 3Y-3.22%
PM growth 5Y-1.69%
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), MSEX is destroying value.
- Compared to 1 year ago, MSEX has more shares outstanding
- MSEX has more shares outstanding than it did 5 years ago.
- The debt/assets ratio for MSEX has been reduced compared to a year ago.
2.2 Solvency
- MSEX has an Altman-Z score of 1.09. This is a bad value and indicates that MSEX is not financially healthy and even has some risk of bankruptcy.
- MSEX's Altman-Z score of 1.09 is in line compared to the rest of the industry. MSEX outperforms 57.14% of its industry peers.
- MSEX has a Debt/Equity ratio of 0.84. This is a neutral value indicating MSEX is somewhat dependend on debt financing.
- MSEX has a Debt to Equity ratio of 0.84. This is in the better half of the industry: MSEX outperforms 71.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.84 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.09 |
ROIC/WACC0.41
WACC8.07%
2.3 Liquidity
- MSEX has a Current Ratio of 0.42. This is a bad value and indicates that MSEX is not financially healthy enough and could expect problems in meeting its short term obligations.
- MSEX has a Current ratio of 0.42. This is amonst the worse of the industry: MSEX underperforms 92.86% of its industry peers.
- MSEX has a Quick Ratio of 0.42. This is a bad value and indicates that MSEX is not financially healthy enough and could expect problems in meeting its short term obligations.
- Looking at the Quick ratio, with a value of 0.36, MSEX is doing worse than 92.86% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.42 | ||
| Quick Ratio | 0.36 |
3. Growth
3.1 Past
- The Earnings Per Share has been growing slightly by 3.91% over the past year.
- Measured over the past 5 years, MSEX shows a small growth in Earnings Per Share. The EPS has been growing by 4.31% on average per year.
- MSEX shows a small growth in Revenue. In the last year, the Revenue has grown by 6.24%.
- MSEX shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.35% yearly.
EPS 1Y (TTM)3.91%
EPS 3Y6.07%
EPS 5Y4.31%
EPS Q2Q%-3.75%
Revenue 1Y (TTM)6.24%
Revenue growth 3Y10.27%
Revenue growth 5Y7.35%
Sales Q2Q%-1.83%
3.2 Future
- MSEX is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.80% yearly.
- MSEX is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.25% yearly.
EPS Next Y-4.4%
EPS Next 2Y4.15%
EPS Next 3Y6.8%
EPS Next 5YN/A
Revenue Next Year4.81%
Revenue Next 2Y6.9%
Revenue Next 3Y8.25%
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
- The Price/Earnings ratio is 21.33, which indicates a rather expensive current valuation of MSEX.
- The rest of the industry has a similar Price/Earnings ratio as MSEX.
- The average S&P500 Price/Earnings ratio is at 28.06. MSEX is valued slightly cheaper when compared to this.
- With a Price/Forward Earnings ratio of 19.03, MSEX is valued on the expensive side.
- Based on the Price/Forward Earnings ratio, MSEX is valued a bit cheaper than the industry average as 64.29% of the companies are valued more expensively.
- Compared to an average S&P500 Price/Forward Earnings ratio of 27.86, MSEX is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.33 | ||
| Fwd PE | 19.03 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of MSEX is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 15.08 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)4.95
EPS Next 2Y4.15%
EPS Next 3Y6.8%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 2.75%, MSEX has a reasonable but not impressive dividend return.
- MSEX's Dividend Yield is comparable with the industry average which is at 3.01.
- MSEX's Dividend Yield is rather good when compared to the S&P500 average which is at 1.80.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.75% |
5.2 History
- On average, the dividend of MSEX grows each year by 6.43%, which is quite nice.
- MSEX has paid a dividend for at least 10 years, which is a reliable track record.
- The dividend of MSEX decreased in the last 3 years.
Dividend Growth(5Y)6.43%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
- 56.99% of the earnings are spent on dividend by MSEX. This is a bit on the high side, but may be sustainable.
- The dividend of MSEX is growing around the same rate as the earnings are growing. If this keeps up the dividend growth is sustainable.
DP56.99%
EPS Next 2Y4.15%
EPS Next 3Y6.8%
50.99
-0.25 (-0.49%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryWater Utilities
Earnings (Last)10-31 2025-10-31/amc
Earnings (Next)02-26 2026-02-26/amc
Inst Owners82.74%
Inst Owner Change-0.03%
Ins Owners0.94%
Ins Owner Change-0.34%
Market Cap935.16M
Revenue(TTM)194.82M
Net Income(TTM)42.94M
Analysts80
Price Target57.12 (12.02%)
Short Float %4.38%
Short Ratio6.22
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.75% |
Yearly Dividend1.32
Dividend Growth(5Y)6.43%
DP56.99%
Div Incr Years2
Div Non Decr Years2
Ex-Date02-17 2026-02-17 (0.36)
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-11.52%
Min EPS beat(2)-12.2%
Max EPS beat(2)-10.84%
EPS beat(4)1
Avg EPS beat(4)-0.07%
Min EPS beat(4)-12.2%
Max EPS beat(4)31.61%
EPS beat(8)3
Avg EPS beat(8)-1.23%
EPS beat(12)3
Avg EPS beat(12)-9.56%
EPS beat(16)4
Avg EPS beat(16)-9.42%
Revenue beat(2)0
Avg Revenue beat(2)-5.63%
Min Revenue beat(2)-5.82%
Max Revenue beat(2)-5.44%
Revenue beat(4)1
Avg Revenue beat(4)-1.17%
Min Revenue beat(4)-5.82%
Max Revenue beat(4)7.4%
Revenue beat(8)2
Avg Revenue beat(8)-3.82%
Revenue beat(12)2
Avg Revenue beat(12)-5.5%
Revenue beat(16)2
Avg Revenue beat(16)-5.02%
PT rev (1m)-3.03%
PT rev (3m)-12.5%
EPS NQ rev (1m)0.73%
EPS NQ rev (3m)1.47%
EPS NY rev (1m)-0.36%
EPS NY rev (3m)-5.38%
Revenue NQ rev (1m)-1.39%
Revenue NQ rev (3m)-2.44%
Revenue NY rev (1m)-0.24%
Revenue NY rev (3m)-1.6%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.33 | ||
| Fwd PE | 19.03 | ||
| P/S | 4.8 | ||
| P/FCF | N/A | ||
| P/OCF | 14.27 | ||
| P/B | 1.93 | ||
| P/tB | 1.93 | ||
| EV/EBITDA | 15.08 |
EPS(TTM)2.39
EY4.69%
EPS(NY)2.68
Fwd EY5.25%
FCF(TTM)-1.96
FCFYN/A
OCF(TTM)3.57
OCFY7.01%
SpS10.62
BVpS26.38
TBVpS26.38
PEG (NY)N/A
PEG (5Y)4.95
Graham Number37.67
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.2% | ||
| ROE | 8.87% | ||
| ROCE | 4.39% | ||
| ROIC | 3.32% | ||
| ROICexc | 3.33% | ||
| ROICexgc | 3.33% | ||
| OM | 27.56% | ||
| PM (TTM) | 22.04% | ||
| GM | N/A | ||
| FCFM | N/A |
ROA(3y)3.33%
ROA(5y)3.5%
ROE(3y)9.27%
ROE(5y)9.73%
ROIC(3y)3.15%
ROIC(5y)3.07%
ROICexc(3y)3.16%
ROICexc(5y)3.08%
ROICexgc(3y)3.16%
ROICexgc(5y)3.08%
ROCE(3y)4.13%
ROCE(5y)3.98%
ROICexgc growth 3Y9.39%
ROICexgc growth 5Y1.66%
ROICexc growth 3Y9.39%
ROICexc growth 5Y1.66%
OM growth 3Y6.13%
OM growth 5Y1.01%
PM growth 3Y-3.22%
PM growth 5Y-1.69%
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover0.15
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.84 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 4.74 | ||
| Cap/Depr | 318.89% | ||
| Cap/Sales | 52.04% | ||
| Interest Coverage | 3.87 | ||
| Cash Conversion | 76.65% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.42 | ||
| Quick Ratio | 0.36 | ||
| Altman-Z | 1.09 |
F-Score4
WACC8.07%
ROIC/WACC0.41
Cap/Depr(3y)301.61%
Cap/Depr(5y)341.57%
Cap/Sales(3y)49.79%
Cap/Sales(5y)55.89%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)3.91%
EPS 3Y6.07%
EPS 5Y4.31%
EPS Q2Q%-3.75%
EPS Next Y-4.4%
EPS Next 2Y4.15%
EPS Next 3Y6.8%
EPS Next 5YN/A
Revenue 1Y (TTM)6.24%
Revenue growth 3Y10.27%
Revenue growth 5Y7.35%
Sales Q2Q%-1.83%
Revenue Next Year4.81%
Revenue Next 2Y6.9%
Revenue Next 3Y8.25%
Revenue Next 5YN/A
EBIT growth 1Y5.45%
EBIT growth 3Y17.03%
EBIT growth 5Y8.43%
EBIT Next Year52.31%
EBIT Next 3Y26.51%
EBIT Next 5YN/A
FCF growth 1Y13.29%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y14.74%
OCF growth 3Y21.15%
OCF growth 5Y10.25%
MIDDLESEX WATER CO / MSEX FAQ
Can you provide the ChartMill fundamental rating for MIDDLESEX WATER CO?
ChartMill assigns a fundamental rating of 3 / 10 to MSEX.
Can you provide the valuation status for MIDDLESEX WATER CO?
ChartMill assigns a valuation rating of 2 / 10 to MIDDLESEX WATER CO (MSEX). This can be considered as Overvalued.
How profitable is MIDDLESEX WATER CO (MSEX) stock?
MIDDLESEX WATER CO (MSEX) has a profitability rating of 5 / 10.
Can you provide the financial health for MSEX stock?
The financial health rating of MIDDLESEX WATER CO (MSEX) is 1 / 10.
What is the earnings growth outlook for MIDDLESEX WATER CO?
The Earnings per Share (EPS) of MIDDLESEX WATER CO (MSEX) is expected to decline by -4.4% in the next year.