Loading...

Connecticut Water Service

DB:EC9
Snowflake Description

Established dividend payer with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
EC9
DB
$839M
Market Cap
  1. Home
  2. DE
  3. Utilities
Company description

Connecticut Water Service, Inc., together with its subsidiaries, operates as a regulated water company. The last earnings update was 73 days ago. More info.


Add to Portfolio Compare Print
EC9 Share Price and Events
7 Day Returns
0.2%
DB:EC9
0.1%
Europe Water Utilities
-0.7%
DE Market
1 Year Returns
-
DB:EC9
5.8%
Europe Water Utilities
-7.6%
DE Market
EC9 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Connecticut Water Service (EC9) 0.2% 1.1% 3.2% - - -
Europe Water Utilities 0.1% -2.5% 1% 5.8% -17.7% -5.7%
DE Market -0.7% -0.5% -3.8% -7.6% 8.3% 11.1%
1 Year Return vs Industry and Market
  • No trading data on EC9.
  • No trading data on EC9.
Price Volatility
EC9
Industry
5yr Volatility vs Market

EC9 Value

 Is Connecticut Water Service undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Connecticut Water Service. This is due to cash flow or dividend data being unavailable. The share price is €62.12.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Connecticut Water Service's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Connecticut Water Service's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:EC9 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $1.69
NasdaqGS:CTWS Share Price ** NasdaqGS (2019-07-19) in USD $69.57
Europe Water Utilities Industry PE Ratio Median Figure of 10 Publicly-Listed Water Utilities Companies 16.1x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.75x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Connecticut Water Service.

DB:EC9 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:CTWS Share Price ÷ EPS (both in USD)

= 69.57 ÷ 1.69

41.2x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Connecticut Water Service is overvalued based on earnings compared to the Europe Water Utilities industry average.
  • Connecticut Water Service is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Connecticut Water Service's expected growth come at a high price?
Raw Data
DB:EC9 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 41.2x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
15.4%per year
Global Water Utilities Industry PEG Ratio Median Figure of 18 Publicly-Listed Water Utilities Companies 2.25x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

DB:EC9 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 41.2x ÷ 15.4%

2.67x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Connecticut Water Service is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Connecticut Water Service's assets?
Raw Data
DB:EC9 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $24.31
NasdaqGS:CTWS Share Price * NasdaqGS (2019-07-19) in USD $69.57
Europe Water Utilities Industry PB Ratio Median Figure of 10 Publicly-Listed Water Utilities Companies 1.45x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.71x
DB:EC9 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:CTWS Share Price ÷ Book Value per Share (both in USD)

= 69.57 ÷ 24.31

2.86x

* Primary Listing of Connecticut Water Service.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Connecticut Water Service is overvalued based on assets compared to the Europe Water Utilities industry average.
X
Value checks
We assess Connecticut Water Service's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Water Utilities industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Water Utilities industry average (and greater than 0)? (1 check)
  5. Connecticut Water Service has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

EC9 Future Performance

 How is Connecticut Water Service expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
15.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Connecticut Water Service expected to grow at an attractive rate?
  • Connecticut Water Service's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Connecticut Water Service's earnings growth is expected to exceed the Germany market average.
  • Connecticut Water Service's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:EC9 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:EC9 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 15.4%
DB:EC9 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 6%
Europe Water Utilities Industry Earnings Growth Rate Market Cap Weighted Average 0.1%
Global Water Utilities Industry Revenue Growth Rate Market Cap Weighted Average 5.7%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:EC9 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:EC9 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 138 33 1
2020-12-31 131 31 2
2019-12-31 123 29 2
DB:EC9 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 118 37 20
2018-12-31 117 33 17
2018-09-30 116 34 19
2018-06-30 111 35 16
2018-03-31 109 32 20
2017-12-31 107 37 25
2017-09-30 104 32 24
2017-06-30 101 39 23
2017-03-31 100 38 24
2016-12-31 99 33 23
2016-09-30 98 35 25
2016-06-30 97 33 24

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Connecticut Water Service's earnings are expected to grow by 15.4% yearly, however this is not considered high growth (20% yearly).
  • Connecticut Water Service's revenue is expected to grow by 6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:EC9 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Connecticut Water Service Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:EC9 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 2.76 2.77 2.75 2.00
2020-12-31 2.54 2.55 2.53 2.00
2019-12-31 2.39 2.39 2.39 1.00
DB:EC9 Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 1.69
2018-12-31 1.40
2018-09-30 1.60
2018-06-30 1.35
2018-03-31 1.68
2017-12-31 2.17
2017-09-30 2.11
2017-06-30 2.04
2017-03-31 2.20
2016-12-31 2.12
2016-09-30 2.26
2016-06-30 2.19

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Connecticut Water Service is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Connecticut Water Service's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Global market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Connecticut Water Service has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

EC9 Past Performance

  How has Connecticut Water Service performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Connecticut Water Service's growth in the last year to its industry (Water Utilities).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Connecticut Water Service's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Connecticut Water Service's 1-year earnings growth exceeds its 5-year average (2.2% vs -1.7%)
  • Connecticut Water Service's earnings growth has not exceeded the Europe Water Utilities industry average in the past year (2.2% vs 3.5%).
Earnings and Revenue History
Connecticut Water Service's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Connecticut Water Service Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:EC9 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 118.06 20.16
2018-12-31 116.67 16.69
2018-09-30 115.92 19.00
2018-06-30 111.45 16.04
2018-03-31 109.44 19.72
2017-12-31 107.05 25.02
2017-09-30 103.75 23.93
2017-06-30 101.43 22.74
2017-03-31 99.58 24.27
2016-12-31 98.67 23.35
2016-09-30 98.03 24.82
2016-06-30 96.99 24.04
2016-03-31 97.56 22.77
2015-12-31 96.04 22.72
2015-09-30 95.85 22.89 -0.10
2015-06-30 94.96 22.58 -0.07
2015-03-31 93.79 21.40
2014-12-31 94.02 21.28
2014-09-30 94.85 20.79 0.10
2014-06-30 94.93 21.78 0.07
2014-03-31 92.01 18.60
2013-12-31 91.48 18.23
2013-09-30 89.40 17.92
2013-06-30 86.22 14.45
2013-03-31 85.03 14.31
2012-12-31 83.84 13.60
2012-09-30 79.78 13.84

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Connecticut Water Service has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Connecticut Water Service used its assets less efficiently than the Europe Water Utilities industry average last year based on Return on Assets.
  • Connecticut Water Service's use of capital has not improved over the past 3 years (Return on Capital Employed).
X
Past performance checks
We assess Connecticut Water Service's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Water Utilities industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Connecticut Water Service has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

EC9 Health

 How is Connecticut Water Service's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Connecticut Water Service's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Connecticut Water Service's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Connecticut Water Service's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Connecticut Water Service's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Connecticut Water Service Company Filings, last reported 3 months ago.

DB:EC9 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 293.28 327.36 2.73
2018-12-31 294.14 315.82 2.86
2018-09-30 298.20 313.74 4.60
2018-06-30 287.54 298.63 3.87
2018-03-31 290.19 287.64 4.02
2017-12-31 294.40 278.82 3.62
2017-09-30 295.18 281.69 8.27
2017-06-30 260.82 254.18 2.69
2017-03-31 255.10 245.86 2.96
2016-12-31 236.80 234.86 1.56
2016-09-30 238.39 224.88 1.16
2016-06-30 231.21 214.92 1.14
2016-03-31 226.61 203.42 1.54
2015-12-31 224.75 190.80 0.73
2015-09-30 223.80 190.72 2.19
2015-06-30 216.96 183.49 3.07
2015-03-31 211.04 185.58 2.34
2014-12-31 210.22 181.05 2.48
2014-09-30 210.90 175.63 1.63
2014-06-30 204.90 178.15 10.59
2014-03-31 199.41 178.53 15.28
2013-12-31 198.53 179.16 18.37
2013-09-30 196.87 180.96 1.59
2013-06-30 188.97 180.25 7.55
2013-03-31 186.67 180.30 9.08
2012-12-31 186.12 181.44 13.15
2012-09-30 127.35 211.20 4.17
  • Connecticut Water Service's level of debt (111.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (89.5% vs 111.6% today).
  • Debt is not well covered by operating cash flow (11.2%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 3x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Connecticut Water Service's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Connecticut Water Service has a total score of 0/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

EC9 Dividends

 What is Connecticut Water Service's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.88%
Current annual income from Connecticut Water Service dividends. Estimated to be 1.97% next year.
If you bought €2,000 of Connecticut Water Service shares you are expected to receive €38 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Connecticut Water Service's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.48%).
  • Connecticut Water Service's dividend is below the markets top 25% of dividend payers in Germany (3.92%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:EC9 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Europe Water Utilities Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:EC9 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 1.44 1.00
2020-12-31 1.37 1.00
2019-12-31 1.31 1.00
DB:EC9 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-09 1.310 1.886
2019-01-18 1.250 1.833
2018-11-19 1.250 1.853
2018-08-17 1.250 1.809
2018-05-10 1.250 1.909
2018-01-22 1.190 2.058
2017-11-10 1.190 2.048
2017-08-14 1.190 2.025
2017-05-11 1.190 2.126
2017-01-23 1.130 2.095
2016-11-10 1.130 2.056
2016-08-26 1.130 2.277
2016-05-13 1.130 2.217
2016-01-22 1.070 2.440
2015-11-20 1.070 2.846
2015-08-21 1.070 2.977
2015-05-11 1.030 2.971
2015-01-23 1.030 2.811
2014-11-14 1.030 2.903
2014-08-15 1.030 3.034
2014-05-09 0.990 3.052
2014-01-27 0.990 2.981
2013-11-15 0.990 2.882
2013-08-15 0.990 3.130
2013-05-10 0.970 3.325
2013-01-25 0.970 3.346
2012-11-19 0.970 3.217
2012-08-13 0.970 3.135
2012-05-11 0.950 3.248
2012-01-27 0.950 3.286
2011-11-18 0.950 3.437
2011-08-05 0.950 3.599
2011-05-13 0.930 3.681
2011-01-31 0.930 3.703
2010-11-12 0.930 3.577
2010-08-12 0.930 3.935
2010-05-17 0.910 4.228
2010-01-27 0.910 3.921
2009-11-23 0.910 3.808
2009-08-12 0.910 4.058
2009-05-14 0.890 4.201
2009-01-09 0.890 4.226
2008-11-24 0.890 3.823
2008-08-20 0.890 3.556

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Connecticut Water Service's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.9x coverage).
X
Income/ dividend checks
We assess Connecticut Water Service's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Connecticut Water Service afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Connecticut Water Service has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

EC9 Management

 What is the CEO of Connecticut Water Service's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
David Benoit
COMPENSATION $1,574,880
AGE 62
TENURE AS CEO 1.8 years
CEO Bio

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 Financial Officer and Treasurer at Connecticut Water Service, Inc. since April 1996 and also served as its Senior Vice President of Finance since April 01, 2014 and served as its Interim Chief Executive Officer and Interim President since September 28, 2017. Mr. Benoit served as a Vice President of Finance at Connecticut Water Service, Inc. since April 1996 and also served as its Principal Accounting Officer. He has more than 30 years of experience with regulated utility companies, including gas and electric, and was CFO at CTWS for 21 years. He is a certified public accountant and holds an MBA from the University of Hartford and an undergraduate degree from Central Connecticut State University.

CEO Compensation
  • David's compensation has been consistent with company performance over the past year, both up more than 20%.
  • David's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Connecticut Water Service management team in years:

2
Average Tenure
59.5
Average Age
  • The tenure for the Connecticut Water Service management team is about average.
Management Team

David Benoit

TITLE
President
COMPENSATION
$2M
AGE
62
TENURE
1.8 yrs

Bob Doffek

TITLE
CFO, Treasurer & Controller
COMPENSATION
$359K
AGE
56
TENURE
1.3 yrs

Kristen Johnson

TITLE
VP of Human Resources
COMPENSATION
$479K
AGE
53
TENURE
12.2 yrs

Dan Meaney

TITLE
Director of Corporate Communications
AGE
59

Rick Knowlton

TITLE
Division President of The Maine Water Company
AGE
60
TENURE
2.3 yrs

Peter Bancroft

TITLE
Director of Rates–Forecasting & Assistant Treasurer
AGE
69
Board of Directors Tenure

Average tenure and age of the Connecticut Water Service board of directors in years:

4.2
Average Tenure
63
Average Age
  • The tenure for the Connecticut Water Service board of directors is about average.
Board of Directors

Carol Wallace

TITLE
Chairperson
COMPENSATION
$143K
AGE
64
TENURE
1.8 yrs

David Benoit

TITLE
President
COMPENSATION
$2M
AGE
62
TENURE
1.3 yrs

Kristen Johnson

TITLE
VP of Human Resources
COMPENSATION
$479K
AGE
53
TENURE
1.3 yrs

Mary Hanley

TITLE
Independent Director
COMPENSATION
$73K
AGE
62
TENURE
20.5 yrs

Lisa Thibdaue

TITLE
Independent Director
COMPENSATION
$78K
AGE
66
TENURE
19.5 yrs

Richard Forde

TITLE
Independent Director
COMPENSATION
$90K
AGE
65
TENURE
5.8 yrs

Heather Hunt

TITLE
Independent Director
COMPENSATION
$68K
AGE
53
TENURE
13.1 yrs

Brad Hunter

TITLE
Director
COMPENSATION
$77K
AGE
63
TENURE
4.2 yrs

Ellen Wolf

TITLE
Director
COMPENSATION
$84K
AGE
65
TENURE
4.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Connecticut Water Service's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Connecticut Water Service has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

EC9 News

Simply Wall St News

EC9 Company Info

Description

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.

Details
Name: Connecticut Water Service, Inc.
EC9
Exchange: DB
Founded: 1956
$747,931,081
12,063,252
Website: http://www.ctwater.com
Address: Connecticut Water Service, Inc.
93 West Main Street,
Clinton,
Connecticut, 06413,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS CTWS Common Stock Nasdaq Global Select US USD 03. Jun 1975
DB EC9 Common Stock Deutsche Boerse AG DE EUR 03. Jun 1975
Number of employees
Current staff
Staff numbers
297
Connecticut Water Service employees.
Industry
Water Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/20 22:33
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/07/12
Last earnings filing: 2019/05/08
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.