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ARTN

Artesian ResourcesNasdaqGS:ARTN.A Stock Report

Last Price

US$44.58

Market Cap

US$420.0m

7D

-0.2%

1Y

16.1%

Updated

22 Jan, 2022

Data

Company Financials +
ARTN.A fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance2/6
Financial Health1/6
Dividends4/6

ARTN.A Stock Overview

Artesian Resources Corporation, through its subsidiaries, provides water, wastewater, and other services in Delaware, Maryland, and Pennsylvania.

Artesian Resources Competitors

American Water Works Company

NYSE:AWK

US$29.3b

Essential Utilities

NYSE:WTRG

US$12.2b

American States Water

NYSE:AWR

US$3.4b

California Water Service Group

NYSE:CWT

US$3.2b

Price History & Performance

Summary of all time highs, changes and price drops for Artesian Resources
Historical stock prices
Current Share PriceUS$44.58
52 Week HighUS$47.99
52 Week LowUS$35.90
Beta0.068
1 Month Change-4.76%
3 Month Change13.29%
1 Year Change16.12%
3 Year Change27.26%
5 Year Change38.23%
Change since IPO955.84%

Recent News & Updates

Sep 26
Artesian Resources' (NASDAQ:ARTN.A) Shareholders Will Receive A Bigger Dividend Than Last Year

Artesian Resources' (NASDAQ:ARTN.A) Shareholders Will Receive A Bigger Dividend Than Last Year

Artesian Resources Corporation ( NASDAQ:ARTN.A ) will increase its dividend on the 19th of November to US$0.27. This...

Shareholder Returns

ARTN.AUS Water UtilitiesUS Market
7D-0.2%-1.9%-6.1%
1Y16.1%2.8%4.2%

Return vs Industry: ARTN.A exceeded the US Water Utilities industry which returned 2.8% over the past year.

Return vs Market: ARTN.A exceeded the US Market which returned 4.2% over the past year.

Price Volatility

Is ARTN.A's price volatile compared to industry and market?
ARTN.A volatility
ARTN.A Average Weekly Movement4.3%
Water Utilities Industry Average Movement3.5%
Market Average Movement6.7%
10% most volatile stocks in US Market15.5%
10% least volatile stocks in US Market2.4%

Stable Share Price: ARTN.A is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: ARTN.A's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1905235Dian Taylorhttps://www.artesianresources.com

Artesian Resources Corporation, through its subsidiaries, provides water, wastewater, and other services in Delaware, Maryland, and Pennsylvania. The company distributes and sells water to residential, commercial, industrial, governmental, municipal, and utility customers, as well as for public and private fire protection in the states of Delaware, Maryland, and Pennsylvania; and offers wastewater collection, treatment infrastructure, and wastewater services to customers in Delaware. It also provides contract water and wastewater services; water, sewer, and internal service line protection plans; and wastewater management services, as well as design, construction, and engineering services.

Artesian Resources Fundamentals Summary

How do Artesian Resources's earnings and revenue compare to its market cap?
ARTN.A fundamental statistics
Market CapUS$419.97m
Earnings (TTM)US$16.88m
Revenue (TTM)US$90.04m

24.8x

P/E Ratio

4.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ARTN.A income statement (TTM)
RevenueUS$90.04m
Cost of RevenueUS$44.75m
Gross ProfitUS$45.29m
ExpensesUS$28.40m
EarningsUS$16.88m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.79
Gross Margin50.30%
Net Profit Margin18.75%
Debt/Equity Ratio99.0%

How did ARTN.A perform over the long term?

See historical performance and comparison

Dividends

2.4%

Current Dividend Yield

58%

Payout Ratio

Valuation

Is Artesian Resources undervalued compared to its fair value and its price relative to the market?

24.84x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ARTN.A ($44.58) is trading above our estimate of fair value ($30.54)

Significantly Below Fair Value: ARTN.A is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ARTN.A is good value based on its PE Ratio (24.8x) compared to the US Water Utilities industry average (36.1x).

PE vs Market: ARTN.A is poor value based on its PE Ratio (24.8x) compared to the US market (16.5x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ARTN.A's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ARTN.A is good value based on its PB Ratio (2.4x) compared to the US Water Utilities industry average (2.8x).


Future Growth

How is Artesian Resources forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

3.6%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if ARTN.A's forecast earnings growth is above the savings rate (2%).

Earnings vs Market: Insufficient data to determine if ARTN.A's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ARTN.A's revenue (3.6% per year) is forecast to grow slower than the US market (9.1% per year).

High Growth Revenue: ARTN.A's revenue (3.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if ARTN.A's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Artesian Resources performed over the past 5 years?

6.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ARTN.A has high quality earnings.

Growing Profit Margin: ARTN.A's current net profit margins (18.7%) are lower than last year (19.2%).


Past Earnings Growth Analysis

Earnings Trend: ARTN.A's earnings have grown by 6.1% per year over the past 5 years.

Accelerating Growth: ARTN.A's earnings growth over the past year (0.5%) is below its 5-year average (6.1% per year).

Earnings vs Industry: ARTN.A earnings growth over the past year (0.5%) underperformed the Water Utilities industry 15.3%.


Return on Equity

High ROE: ARTN.A's Return on Equity (9.7%) is considered low.


Financial Health

How is Artesian Resources's financial position?


Financial Position Analysis

Short Term Liabilities: ARTN.A's short term assets ($19.2M) do not cover its short term liabilities ($48.0M).

Long Term Liabilities: ARTN.A's short term assets ($19.2M) do not cover its long term liabilities ($393.8M).


Debt to Equity History and Analysis

Debt Level: ARTN.A's net debt to equity ratio (98.7%) is considered high.

Reducing Debt: ARTN.A's debt to equity ratio has increased from 80.1% to 99% over the past 5 years.

Debt Coverage: ARTN.A's debt is not well covered by operating cash flow (14.5%).

Interest Coverage: ARTN.A's interest payments on its debt are well covered by EBIT (3.7x coverage).


Balance Sheet


Dividend

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

2.40%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ARTN.A's dividend (2.4%) is higher than the bottom 25% of dividend payers in the US market (1.37%).

High Dividend: ARTN.A's dividend (2.4%) is low compared to the top 25% of dividend payers in the US market (3.61%).


Stability and Growth of Payments

Stable Dividend: ARTN.A's dividends per share have been stable in the past 10 years.

Growing Dividend: ARTN.A's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (57.6%), ARTN.A's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

14.7yrs

Average management tenure


CEO

Dian Taylor (75 yo)

29.33yrs

Tenure

US$1,075,508

Compensation

Ms. Dian C. Taylor has been the Chairperson of the Board at Artesian Resources Corporation since July 1993 and its Chief Executive Officer and President since September 1992. Ms. Taylor serves as the Chair...


CEO Compensation Analysis

Compensation vs Market: Dian's total compensation ($USD1.08M) is below average for companies of similar size in the US market ($USD1.70M).

Compensation vs Earnings: Dian's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: ARTN.A's management team is seasoned and experienced (14.7 years average tenure).


Board Members

Experienced Board: ARTN.A's board of directors are seasoned and experienced ( 30 years average tenure).


Ownership

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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Artesian Resources Corporation's 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
  • Implied Market Cap: US$419.967m
  • Shares outstanding: 9.41m
  • Website: https://www.artesianresources.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/22 23:03
End of Day Share Price2022/01/21 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.