These 4 Measures Indicate That Middlesex Water (NASDAQ:MSEX) Is Using Debt Extensively
May 27
U.S. Water Industry Analysis
UpdatedMay 31, 2023
DataAggregated Company Financials
Companies26
- 7D-0.3%
- 3M1.1%
- 1Y-4.1%
- YTD-8.9%
Over the last 7 days, the Water industry has remained flat. As for the longer term, the industry has declined 3.9% in the last year. Earnings are forecast to grow by 9.2% annually.
Industry Valuation and Performance
Has the U.S. Water Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 31 May 2023 | US$51.5b | US$8.7b | US$1.6b | 33.3x | 32.2x | 5.9x |
| Fri, 28 Apr 2023 | US$52.8b | US$8.6b | US$1.6b | 32.7x | 32.7x | 6.1x |
| Sun, 26 Mar 2023 | US$51.2b | US$8.5b | US$1.6b | 32.2x | 31.8x | 6x |
| Tue, 21 Feb 2023 | US$52.5b | US$8.3b | US$1.6b | 35.9x | 33.3x | 6.3x |
| Thu, 19 Jan 2023 | US$53.1b | US$8.3b | US$2.1b | 34.8x | 25.6x | 6.4x |
| Sat, 17 Dec 2022 | US$52.8b | US$8.3b | US$2.1b | 34.8x | 25.5x | 6.4x |
| Mon, 14 Nov 2022 | US$51.4b | US$8.3b | US$2.1b | 34.8x | 24.8x | 6.2x |
| Wed, 12 Oct 2022 | US$45.1b | US$8.2b | US$2.0b | 32.4x | 22.2x | 5.5x |
| Fri, 09 Sep 2022 | US$52.9b | US$8.2b | US$2.0b | 36.8x | 26.1x | 6.5x |
| Sun, 07 Aug 2022 | US$53.8b | US$8.2b | US$2.0b | 37.7x | 26.6x | 6.6x |
| Tue, 05 Jul 2022 | US$52.0b | US$8.2b | US$2.0b | 34.2x | 25.4x | 6.3x |
| Thu, 02 Jun 2022 | US$51.0b | US$8.2b | US$2.0b | 33x | 24.9x | 6.2x |
| Sat, 30 Apr 2022 | US$50.4b | US$8.1b | US$2.0b | 31.7x | 25x | 6.2x |
| Mon, 28 Mar 2022 | US$54.0b | US$8.1b | US$2.0b | 34.1x | 27x | 6.7x |
| Wed, 23 Feb 2022 | US$50.3b | US$8.1b | US$2.0b | 32.3x | 25.1x | 6.2x |
| Fri, 21 Jan 2022 | US$54.1b | US$8.0b | US$1.5b | 35.9x | 36.2x | 6.7x |
| Sun, 19 Dec 2021 | US$60.0b | US$8.0b | US$1.5b | 38.9x | 40.1x | 7.5x |
| Tue, 16 Nov 2021 | US$56.5b | US$8.0b | US$1.5b | 37.8x | 37.5x | 7x |
| Thu, 14 Oct 2021 | US$54.5b | US$8.1b | US$1.6b | 35.7x | 34.6x | 6.8x |
| Sat, 11 Sep 2021 | US$58.1b | US$8.8b | US$537.8m | 36.2x | 108x | 6.6x |
| Mon, 09 Aug 2021 | US$57.1b | US$8.7b | US$1.4b | 35.9x | 40.1x | 6.5x |
| Sun, 02 May 2021 | US$51.8b | US$8.6b | US$1.4b | 31.6x | 38.3x | 6x |
| Wed, 03 Feb 2021 | US$50.9b | US$8.2b | US$1.2b | 33.1x | 43.3x | 6.2x |
| Sat, 07 Nov 2020 | US$47.8b | US$7.9b | US$1.1b | 31.1x | 45x | 6x |
| Fri, 31 Jul 2020 | US$48.9b | US$7.6b | US$1.0b | 33.7x | 48.8x | 6.4x |
Price to Earnings Ratio
44.5x
Current Industry PE
- Investors are pessimistic on the American Water Utilities industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 32.3x which is lower than its 3-year average PE of 35.5x.
- The industry is trading close to its 3-year average PS ratio of 6.3x.
Past Earnings Growth
- The earnings for companies in the Water Utilities industry have grown 18% per year over the last three years.
- Revenues for these companies have grown 5.9% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does U.S. Water compare with similar industries?
| US Market | 1.13% | |
| Utilities | -2.33% | |
| Water Utilities | -0.27% | |
| Water | -0.27% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| MSEX Middlesex Water | US$80.12 | 3.5% +US$47.7m | -5.8% | PE39.3x | |
| CDZI Cadiz | US$5.18 | 13.8% +US$42.0m | 156.4% | PS231.7x | |
| SJW SJW Group | US$76.28 | 0.9% +US$21.7m | 23.3% | PE29.4x | |
| CWT California Water Service Group | US$56.34 | 0.2% +US$6.2m | 5.0% | PE43.4x | |
| ARTN.A Artesian Resources | US$49.05 | 0.4% +US$1.9m | -0.06% | PE29.1x |
