Connecticut Water Service, Inc., together with its subsidiaries, operates as a regulated water company.
Established dividend payer with proven track record.
Share Price & News
How has Connecticut Water Service's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: EC9 has not had significant price volatility in the past 3 months.
7 Day Return
DE Water Utilities
1 Year Return
DE Water Utilities
Return vs Industry: Insufficient data to determine how EC9 performed against the German Water Utilities industry.
Return vs Market: Insufficient data to determine how EC9 performed against the German Market.
Price Volatility Vs. Market
How volatile is Connecticut Water Service's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Connecticut Water Service undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: EC9 (€63.5) is trading above our estimate of fair value (€26.15)
Significantly Below Fair Value: EC9 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: EC9 is poor value based on its PE Ratio (39.4x) compared to the Water Utilities industry average (17.6x).
PE vs Market: EC9 is poor value based on its PE Ratio (39.4x) compared to the German market (20.6x).
Price to Earnings Growth Ratio
PEG Ratio: EC9 is poor value based on its PEG Ratio (2.7x)
Price to Book Ratio
PB vs Industry: EC9 is overvalued based on its PB Ratio (2.9x) compared to the XE Water Utilities industry average (1.5x).
How is Connecticut Water Service forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: EC9's forecast earnings growth (14.8% per year) is above the savings rate (0.2%).
Earnings vs Market: EC9's earnings (14.8% per year) are forecast to grow faster than the German market (13.2% per year).
High Growth Earnings: EC9's earnings are forecast to grow, but not significantly.
Revenue vs Market: EC9's revenue (6.3% per year) is forecast to grow faster than the German market (4.8% per year).
High Growth Revenue: EC9's revenue (6.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: EC9's Return on Equity is forecast to be low in 3 years time (9.9%).
How has Connecticut Water Service performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: EC9 has high quality earnings.
Growing Profit Margin: EC9's current net profit margins (17.9%) are higher than last year (14.4%).
Past Earnings Growth Analysis
Earnings Trend: EC9's earnings have declined by -2.6% per year over the past 5 years.
Accelerating Growth: EC9's earnings growth over the past year (32.3%) exceeds its 5-year average (-2.6% per year).
Earnings vs Industry: EC9 earnings growth over the past year (32.3%) exceeded the Water Utilities industry 7.5%.
Return on Equity
High ROE: EC9's Return on Equity (7.2%) is considered low.
Return on Assets
Return on Capital Employed
How is Connecticut Water Service's financial position?
Financial Position Analysis
Short Term Liabilities: EC9's short term assets ($40.4M) do not cover its short term liabilities ($95.9M).
Long Term Liabilities: EC9's short term assets ($40.4M) do not cover its long term liabilities ($589.9M).
Debt to Equity History and Analysis
Debt Level: EC9's debt to equity ratio (113.5%) is considered high.
Reducing Debt: EC9's debt to equity ratio has increased from 86.9% to 113.5% over the past 5 years.
Debt Coverage: EC9's debt is not well covered by operating cash flow (10.8%).
Interest Coverage: EC9's interest payments on its debt are not well covered by EBIT (2.9x coverage).
Inventory Level: EC9 has a high level of physical assets or inventory.
Debt Coverage by Assets: EC9's debt is not covered by short term assets (assets are 0.1x debt).
What is Connecticut Water Service's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: EC9's dividend (1.87%) is higher than the bottom 25% of dividend payers in the German market (1.38%).
High Dividend: EC9's dividend (1.87%) is low compared to the top 25% of dividend payers in the German market (3.53%).
Stability and Growth of Payments
Stable Dividend: EC9's dividends per share have been stable in the past 10 years.
Growing Dividend: EC9's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (71.3%), EC9's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: EC9's dividends in 3 years are forecast to be covered by earnings (50.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
David Benoit (62yo)
Mr. David C. Benoit, has been President and Chief Executive Officer of Connecticut Water Service, Inc. since March 7, 2018 and its Director since April 2, 2018. Previously, Mr. Benoit served as Chief Finan ...
CEO Compensation Analysis
Compensation vs Market: David's total compensation ($USD1.57M) is about average for companies of similar size in the German market ($USD1.28M).
Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.
|CFO, Treasurer & Controller||1.6yrs||US$359.44k||0.022% $171.6k|
|VP of Human Resources||1.5yrs||US$479.30k||0.0083% $63.8k|
|Director of Corporate Communications||0yrs||no data||no data|
|Division President of The Maine Water Company||2.5yrs||no data||0.062% $475.3k|
|Director of Rates–Forecasting & Assistant Treasurer||0yrs||no data||no data|
Experienced Management: EC9's management team is considered experienced (2.3 years average tenure).
|VP of Human Resources||1.5yrs||US$479.30k||0.0083% $63.8k|
|Independent Director||4.4yrs||US$84.20k||0.017% $129.0k|
|Independent Director||19.8yrs||US$77.80k||0.056% $433.2k|
|Independent Director||20.8yrs||US$72.80k||0.063% $482.2k|
|Independent Chairperson||2.1yrs||US$143.40k||0.065% $500.5k|
|Independent Director||6yrs||US$90.20k||0.022% $168.0k|
|Independent Director||13.3yrs||US$68.00k||0.056% $429.4k|
|Independent Director||4.4yrs||US$77.40k||0.017% $129.0k|
Experienced Board: EC9's board of directors are considered experienced (4.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Connecticut Water Service, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Connecticut Water Service, Inc.
- Ticker: EC9
- Exchange: DB
- Founded: 1956
- Industry: Water Utilities
- Sector: Utilities
- Market Cap: US$844.677m
- Listing Market Cap: US$769.332m
- Shares outstanding: 12.07m
- Website: https://www.ctwater.com
Number of Employees
- Connecticut Water Service, Inc.
- 93 West Main Street
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|CTWS||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Jun 1975|
|EC9||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jun 1975|
Connecticut Water Service, Inc., together with its subsidiaries, operates as a regulated water company. The company operates through three segments: Water Operations, Real Estate Transactions, and Services and Rentals. The Water Operations segment supplies public drinking water and provides wastewater services. The Real Estate Transactions segment is involved in the sale or donation of its real estate holdings. The Services and Rentals segment provides contracted services to water utilities and other clients. It also provides contract operations of water facilities; Linebacker, a service line protection plan for public drinking water customers; and bulk deliveries of emergency drinking water to businesses and residences through tanker trucks. This segment also leases and rents residential and commercial properties to third parties. As of December 31, 2017, the company supplied water to 139,574 customers in 80 municipalities in Connecticut and Maine. Connecticut Water Service, Inc. was founded in 1956 and is headquartered in Clinton, Connecticut.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2019/10/09 22:16|
|End of Day Share Price||2019/10/09 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.