NasdaqGS:ARTN.A

Stock Analysis Report

Executive Summary

Artesian Resources Corporation, through its subsidiaries, provides water, wastewater, and other services on the Delmarva Peninsula.

Snowflake

Fundamentals

Average dividend payer and slightly overvalued.

Risks

  • Artesian Resources is not covered by any analysts.

Similar Companies

Share Price & News

How has Artesian Resources's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-3.0%

NasdaqGS:ARTN.A

-1.4%

US Water Utilities

-1.6%

US Market


1 Year Return

-6.8%

NasdaqGS:ARTN.A

28.3%

US Water Utilities

-3.0%

US Market

ARTN.A underperformed the Water Utilities industry which returned 28.3% over the past year.

ARTN.A underperformed the Market in United States of America which returned -3% over the past year.


Share holder returns

ARTN.AIndustryMarket
7 Day-3.0%-1.4%-1.6%
30 Day2.0%5.9%-5.7%
90 Day-3.8%7.9%0.2%
1 Year-4.3%-6.8%30.8%28.3%-0.8%-3.0%
3 Year29.3%19.3%69.8%59.4%38.1%29.1%
5 Year95.0%67.4%145.3%119.8%50.8%34.1%

Price Volatility Vs. Market

How volatile is Artesian Resources's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Artesian Resources undervalued based on future cash flows and its price relative to the stock market?

23.08x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Artesian Resources's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Artesian Resources's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Artesian Resources is good value based on earnings compared to the US Water Utilities industry average.

Artesian Resources is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Artesian Resources, we can't assess if its growth is good value.


Price Based on Value of Assets

Artesian Resources is good value based on assets compared to the US Water Utilities industry average.


Next Steps

Future Growth

How is Artesian Resources expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

0.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Artesian Resources is high growth as no revenue estimate data is available.

Artesian Resources's earnings are expected to grow by 0.1% yearly, however this is not considered high growth (20% yearly).

Unable to compare Artesian Resources's revenue growth to the United States of America market average as no estimate data is available.

Artesian Resources's earnings growth is positive but not above the United States of America market average.

Artesian Resources's earnings growth is positive but not above the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Artesian Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Artesian Resources performed over the past 5 years?

10.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Artesian Resources's year on year earnings growth rate has been positive over the past 5 years.

Artesian Resources's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Artesian Resources's 1-year earnings growth is negative, it can't be compared to the US Water Utilities industry average.


Return on Equity

Artesian Resources has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Artesian Resources used its assets more efficiently than the US Water Utilities industry average last year based on Return on Assets.


Return on Capital Employed

Artesian Resources's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Artesian Resources's financial position?


Financial Position Analysis

Artesian Resources's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Artesian Resources's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Artesian Resources's level of debt (92.7%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (95.7% vs 92.7% today).

Debt is not well covered by operating cash flow (17.8%, less than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 3.6x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.1x debt.


Next Steps

Dividend

What is Artesian Resources's current dividend yield, its reliability and sustainability?

2.77%

Current Dividend Yield


Dividend Yield and Payments Analysis

Artesian Resources's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.52%).

Artesian Resources's dividend is below the markets top 25% of dividend payers in United States of America (3.93%).

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

Dividends paid are covered by earnings (1.6x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Artesian Resources's salary, the management and board of directors tenure and is there insider trading?

15.8yrs

Average management tenure


CEO

Dian Taylor (73yo)

26.9yrs

Tenure

US$1,000,601

Compensation

Ms. Dian C. Taylor has been the Chairman of the Board at Artesian Resources Corp. and its subsidiaries since July 1993 and its Chief Executive Officer and President since September 1992. Ms. Taylor serves  ...


CEO Compensation Analysis

Dian's remuneration is lower than average for companies of similar size in United States of America.

Dian's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

15.8yrs

Average Tenure

56yo

Average Age

The average tenure for the Artesian Resources management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

26.3yrs

Average Tenure

68.5yo

Average Age

The average tenure for the Artesian Resources board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

SellUS$35,98620 May 19
Kenneth Biederman
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,000
Max PriceUS$35.99

Ownership Breakdown


Management Team

  • Dian Taylor (73yo)

    Chairman

    • Tenure: 26.9yrs
    • Compensation: US$1.00m
  • Dave Spacht (59yo)

    CFO & Treasurer

    • Tenure: 24.6yrs
    • Compensation: US$504.48k
  • Joseph DiNunzio (56yo)

    Executive VP & Corporate Secretary

    • Tenure: 19.4yrs
    • Compensation: US$527.64k
  • John Thaeder (61yo)

    Senior Vice President of Operations

    • Tenure: 12.3yrs
    • Compensation: US$427.41k
  • Nicki Taylor (51yo)

    COO, Senior VP of Investor Relations & Director

    • Tenure: 11.7yrs
    • Compensation: US$499.52k
  • Jennifer Finch (50yo)

    VP & Assistant Treasurer

    • Tenure: 9.5yrs
  • Karl Randall (50yo)

    General Counsel & Assistant Secretary

    • Tenure: 3.0yrs

Board Members

  • Dian Taylor (73yo)

    Chairman

    • Tenure: 26.9yrs
    • Compensation: US$1.00m
  • Kenneth Biederman (76yo)

    Director

    • Tenure: 28.6yrs
    • Compensation: US$118.01k
  • John Eisenbrey (64yo)

    Director

    • Tenure: 26.6yrs
    • Compensation: US$117.01k
  • William Wyer (73yo)

    Director

    • Tenure: 28.6yrs
    • Compensation: US$136.34k
  • Nicki Taylor (51yo)

    COO, Senior VP of Investor Relations & Director

    • Tenure: 11.7yrs
    • Compensation: US$499.52k
  • Mike Houghton (62yo)

    Director

    • Tenure: 0.9yrs
    • Compensation: US$27.85k

Company Information

Artesian Resources Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Artesian Resources Corporation
  • Ticker: ARTN.A
  • Exchange: NasdaqGS
  • Founded: 1905
  • Industry: Water Utilities
  • Sector: Utilities
  • Market Cap: US$329.730m
  • Shares outstanding: 9.28m
  • Website: https://www.artesianresources.com

Number of Employees


Location

  • Artesian Resources Corporation
  • 664 Churchmans Road
  • Newark
  • Delaware
  • 19702
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ARTN.BOTCPK (Pink Sheets LLC)Class B Common SharesUSUSDJan 1975
ARTN.ANasdaqGS (Nasdaq Global Select)YesClass A Non-Voting Common SharesUSUSDJun 1993

Biography

Artesian Resources Corporation, through its subsidiaries, provides water, wastewater, and other services on the Delmarva Peninsula. The company distributes and sells water to residential, commercial, indus ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/24 23:33
End of Day Share Price2019/08/23 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.