YORK WATER CO (YORW)
US9871841089 - Common Stock
We assign a fundamental rating of 3 out of 10 to YORW. YORW was compared to 14 industry peers in the Water Utilities industry. YORW has a medium profitability rating, but doesn't score so well on its financial health evaluation. YORW has a expensive valuation and it also scores bad on growth.
1. Profitability
1.1 Basic Checks
In the past year YORW was profitable.
YORW had a positive operating cash flow in the past year.
In the past 5 years YORW has always been profitable.
Each year in the past 5 years YORW had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 3.41%, YORW is in the better half of the industry, outperforming 64.29% of the companies in the same industry.
With a Return On Equity value of 9.27%, YORW perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
YORW's Return On Invested Capital of 3.74% is fine compared to the rest of the industry. YORW outperforms 64.29% of its industry peers.
The Average Return On Invested Capital over the past 3 years for YORW is in line with the industry average of 5.71%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.41% | ||
| ROE | 9.27% | ||
| ROIC | 3.74% |
ROA(3y)3.86%
ROA(5y)3.92%
ROE(3y)10.44%
ROE(5y)10.73%
ROIC(3y)4.07%
ROIC(5y)4.5%
1.3 Margins
The Profit Margin of YORW (28.57%) is better than 92.86% of its industry peers.
YORW's Profit Margin has improved in the last couple of years.
With an excellent Operating Margin value of 38.41%, YORW belongs to the best of the industry, outperforming 85.71% of the companies in the same industry.
YORW's Operating Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 38.41% | ||
| PM (TTM) | 28.57% | ||
| GM | N/A |
OM growth 3Y-2.87%
OM growth 5Y-2.21%
PM growth 3Y2.76%
PM growth 5Y3.9%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so YORW is destroying value.
The number of shares outstanding for YORW has been increased compared to 1 year ago.
Compared to 5 years ago, YORW has more shares outstanding
YORW has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.20, we must say that YORW is in the distress zone and has some risk of bankruptcy.
YORW's Altman-Z score of 1.20 is fine compared to the rest of the industry. YORW outperforms 64.29% of its industry peers.
A Debt/Equity ratio of 0.87 indicates that YORW is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.87, YORW is in line with its industry, outperforming 57.14% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.87 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.2 |
ROIC/WACC0.51
WACC7.32%
2.3 Liquidity
A Current Ratio of 0.88 indicates that YORW may have some problems paying its short term obligations.
YORW has a Current ratio of 0.88. This is comparable to the rest of the industry: YORW outperforms 50.00% of its industry peers.
YORW has a Quick Ratio of 0.88. This is a bad value and indicates that YORW is not financially healthy enough and could expect problems in meeting its short term obligations.
YORW has a Quick ratio (0.68) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.88 | ||
| Quick Ratio | 0.68 |
3. Growth
3.1 Past
The earnings per share for YORW have decreased by -6.92% in the last year.
Measured over the past years, YORW shows a quite strong growth in Earnings Per Share. The EPS has been growing by 9.83% on average per year.
The Revenue has grown by 9.02% in the past year. This is quite good.
YORW shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.96% yearly.
EPS 1Y (TTM)-6.92%
EPS 3Y9.34%
EPS 5Y9.83%
EPS Q2Q%-22.64%
Revenue 1Y (TTM)9.02%
Revenue growth 3Y9.67%
Revenue growth 5Y7.96%
Sales Q2Q%5.05%
3.2 Future
YORW is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -0.57% yearly.
YORW is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.84% yearly.
EPS Next Y-12.13%
EPS Next 2Y-3.04%
EPS Next 3Y-0.57%
EPS Next 5YN/A
Revenue Next Year7.14%
Revenue Next 2Y6.23%
Revenue Next 3Y5.84%
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 decreasing.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 22.30 indicates a rather expensive valuation of YORW.
Compared to the rest of the industry, the Price/Earnings ratio of YORW is on the same level as its industry peers.
YORW's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.54.
With a Price/Forward Earnings ratio of 21.15, YORW is valued on the expensive side.
The rest of the industry has a similar Price/Forward Earnings ratio as YORW.
When comparing the Price/Forward Earnings ratio of YORW to the average of the S&P500 Index (23.99), we can say YORW is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.3 | ||
| Fwd PE | 21.15 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as YORW.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 16.36 |
4.3 Compensation for Growth
The decent profitability rating of YORW may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)2.27
EPS Next 2Y-3.04%
EPS Next 3Y-0.57%
5. Dividend
5.1 Amount
YORW has a Yearly Dividend Yield of 2.62%.
Compared to an average industry Dividend Yield of 3.51, YORW pays a bit more dividend than its industry peers.
YORW's Dividend Yield is comparable with the S&P500 average which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.62% |
5.2 History
The dividend of YORW has a limited annual growth rate of 4.01%.
YORW has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)4.01%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
YORW pays out 56.38% of its income as dividend. This is a bit on the high side, but may be sustainable.
YORW's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP56.38%
EPS Next 2Y-3.04%
EPS Next 3Y-0.57%
YORK WATER CO
NASDAQ:YORW (12/24/2024, 7:47:13 PM)
After market: 32.79 -0.21 (-0.64%)33
-0.11 (-0.33%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryWater Utilities
Earnings (Last)
Earnings (Next)
Inst Owners52.12%
Inst Owner Change3.24%
Ins Owners0.52%
Ins Owner Change0.48%
Market Cap474.21M
Analysts85.71
Price Target46.92 (42.18%)
Short Float %0.85%
Short Ratio2.72
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.62% |
Dividend Growth(5Y)4.01%
DP56.38%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-12.85%
Min EPS beat(2)-23.75%
Max EPS beat(2)-1.96%
EPS beat(4)2
Avg EPS beat(4)-2.48%
Min EPS beat(4)-23.75%
Max EPS beat(4)14.38%
EPS beat(8)5
Avg EPS beat(8)1.07%
EPS beat(12)8
Avg EPS beat(12)1.85%
EPS beat(16)10
Avg EPS beat(16)0.86%
Revenue beat(2)0
Avg Revenue beat(2)-3.3%
Min Revenue beat(2)-3.36%
Max Revenue beat(2)-3.25%
Revenue beat(4)2
Avg Revenue beat(4)-0.15%
Min Revenue beat(4)-3.36%
Max Revenue beat(4)4.36%
Revenue beat(8)5
Avg Revenue beat(8)1.37%
Revenue beat(12)8
Avg Revenue beat(12)1.85%
Revenue beat(16)9
Avg Revenue beat(16)0.89%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-5.13%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)5.56%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.3 | ||
| Fwd PE | 21.15 | ||
| P/S | 6.39 | ||
| P/FCF | N/A | ||
| P/OCF | 16.41 | ||
| P/B | 2.07 | ||
| P/tB | 2.07 | ||
| EV/EBITDA | 16.36 |
EPS(TTM)1.48
EY4.48%
EPS(NY)1.56
Fwd EY4.73%
FCF(TTM)-1.56
FCFYN/A
OCF(TTM)2.01
OCFY6.09%
SpS5.16
BVpS15.91
TBVpS15.91
PEG (NY)N/A
PEG (5Y)2.27
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.41% | ||
| ROE | 9.27% | ||
| ROCE | 4.73% | ||
| ROIC | 3.74% | ||
| ROICexc | 3.74% | ||
| ROICexgc | 3.74% | ||
| OM | 38.41% | ||
| PM (TTM) | 28.57% | ||
| GM | N/A | ||
| FCFM | N/A |
ROA(3y)3.86%
ROA(5y)3.92%
ROE(3y)10.44%
ROE(5y)10.73%
ROIC(3y)4.07%
ROIC(5y)4.5%
ROICexc(3y)4.07%
ROICexc(5y)4.5%
ROICexgc(3y)4.07%
ROICexgc(5y)4.5%
ROCE(3y)5.16%
ROCE(5y)5.7%
ROICexcg growth 3Y-5.74%
ROICexcg growth 5Y-5.06%
ROICexc growth 3Y-5.74%
ROICexc growth 5Y-5.06%
OM growth 3Y-2.87%
OM growth 5Y-2.21%
PM growth 3Y2.76%
PM growth 5Y3.9%
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover0.12
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.87 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 4.83 | ||
| Cap/Depr | 406.67% | ||
| Cap/Sales | 69.14% | ||
| Interest Coverage | 4.12 | ||
| Cash Conversion | 70.27% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.88 | ||
| Quick Ratio | 0.68 | ||
| Altman-Z | 1.2 |
F-Score4
WACC7.32%
ROIC/WACC0.51
Cap/Depr(3y)479%
Cap/Depr(5y)413.87%
Cap/Sales(3y)79.19%
Cap/Sales(5y)66.59%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-6.92%
EPS 3Y9.34%
EPS 5Y9.83%
EPS Q2Q%-22.64%
EPS Next Y-12.13%
EPS Next 2Y-3.04%
EPS Next 3Y-0.57%
EPS Next 5YN/A
Revenue 1Y (TTM)9.02%
Revenue growth 3Y9.67%
Revenue growth 5Y7.96%
Sales Q2Q%5.05%
Revenue Next Year7.14%
Revenue Next 2Y6.23%
Revenue Next 3Y5.84%
Revenue Next 5YN/A
EBIT growth 1Y1.3%
EBIT growth 3Y6.53%
EBIT growth 5Y5.57%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-16.44%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y32.58%
OCF growth 3Y16.38%
OCF growth 5Y11.68%