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Artesian Resources

Nasdaq:ARTN.A
Snowflake Description

Average dividend payer with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ARTN.A
Nasdaq
$334M
Market Cap
  1. Home
  2. US
  3. Utilities
Company description

Artesian Resources Corporation, through its subsidiaries, provides water, wastewater, and other services on the Delmarva Peninsula. The last earnings update was 68 days ago. More info.


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ARTN.A Share Price and Events
7 Day Returns
-1.3%
NasdaqGS:ARTN.A
-1.4%
US Water Utilities
0.6%
US Market
1 Year Returns
-5.7%
NasdaqGS:ARTN.A
22.8%
US Water Utilities
4.1%
US Market
ARTN.A Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Artesian Resources (ARTN.A) -1.3% -3.3% 2% -5.7% 7.8% 63.7%
US Water Utilities -1.4% -0.9% 11% 22.8% 38.8% 112.9%
US Market 0.6% 3.8% 2.8% 4.1% 37.3% 42.5%
1 Year Return vs Industry and Market
  • ARTN.A underperformed the Water Utilities industry which returned 22.8% over the past year.
  • ARTN.A underperformed the Market in United States of America which returned 4.1% over the past year.
Price Volatility
ARTN.A
Industry
5yr Volatility vs Market

Value

 Is Artesian Resources 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 Artesian Resources. This is due to cash flow or dividend data being unavailable. The share price is $36.01.
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 Artesian Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Artesian Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:ARTN.A PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $1.56
NasdaqGS:ARTN.A Share Price ** NasdaqGS (2019-07-17) in USD $36.01
United States of America Water Utilities Industry PE Ratio Median Figure of 14 Publicly-Listed Water Utilities Companies 35.13x
United States of America Market PE Ratio Median Figure of 3,082 Publicly-Listed Companies 17.98x

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

** Primary Listing of Artesian Resources.

NasdaqGS:ARTN.A PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:ARTN.A Share Price ÷ EPS (both in USD)

= 36.01 ÷ 1.56

23.14x

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

  • 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
Does Artesian Resources's expected growth come at a high price?
Raw Data
NasdaqGS:ARTN.A PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 23.14x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
0.7%per year
United States of America Water Utilities Industry PEG Ratio Median Figure of 8 Publicly-Listed Water Utilities Companies 3.62x
United States of America Market PEG Ratio Median Figure of 2,122 Publicly-Listed Companies 1.59x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Artesian Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Artesian Resources's assets?
Raw Data
NasdaqGS:ARTN.A PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $16.73
NasdaqGS:ARTN.A Share Price * NasdaqGS (2019-07-17) in USD $36.01
United States of America Water Utilities Industry PB Ratio Median Figure of 16 Publicly-Listed Water Utilities Companies 3.17x
United States of America Market PB Ratio Median Figure of 5,241 Publicly-Listed Companies 1.81x
NasdaqGS:ARTN.A PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:ARTN.A Share Price ÷ Book Value per Share (both in USD)

= 36.01 ÷ 16.73

2.15x

* Primary Listing of Artesian Resources.

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

  • Artesian Resources is good value based on assets compared to the US Water Utilities industry average.
X
Value checks
We assess Artesian Resources'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. Artesian Resources has a total score of 2/6, 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.

Future Performance

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

  • No analysts cover Artesian Resources, future earnings growth has been estimated based on fundamentals.
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
0.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Artesian Resources expected to grow at an attractive rate?
  • Artesian Resources's earnings growth is positive but not above the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Artesian Resources's earnings growth is positive but not above the United States of America market average.
  • Unable to compare Artesian Resources's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:ARTN.A Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:ARTN.A Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 0.7%
United States of America Water Utilities Industry Earnings Growth Rate Market Cap Weighted Average 11.7%
United States of America Water Utilities Industry Revenue Growth Rate Market Cap Weighted Average 5.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.1%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*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
NasdaqGS:ARTN.A Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:ARTN.A Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
NasdaqGS:ARTN.A Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 81 31 14
2018-12-31 80 29 14
2018-09-30 81 31 15
2018-06-30 82 33 15
2018-03-31 82 32 14
2017-12-31 82 36 14
2017-09-30 81 33 13
2017-06-30 81 32 13
2017-03-31 80 33 13
2016-12-31 79 30 13
2016-09-30 78 28 12
2016-06-30 77 27 11

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Artesian Resources's earnings are expected to grow by 0.7% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Artesian Resources is high growth as no revenue estimate data is available.
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
NasdaqGS:ARTN.A 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 0 Analyst Estimates (S&P Global) See Below

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

NasdaqGS:ARTN.A Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
NasdaqGS:ARTN.A Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 1.56
2018-12-31 1.55
2018-09-30 1.63
2018-06-30 1.63
2018-03-31 1.56
2017-12-31 1.52
2017-09-30 1.42
2017-06-30 1.47
2017-03-31 1.45
2016-12-31 1.42
2016-09-30 1.33
2016-06-30 1.26

*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.
  • Unable to establish if Artesian Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Artesian Resources'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Artesian Resources has a total score of 0/6, 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.

Past Performance

  How has Artesian Resources 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 Artesian Resources'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.
  • 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 less than its 5-year average (0.1% vs 11%)
  • Artesian Resources's earnings growth has not exceeded the US Water Utilities industry average in the past year (0.1% vs 0.1%).
Earnings and Revenue History
Artesian Resources'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 Artesian Resources Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:ARTN.A 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 80.89 14.39
2018-12-31 80.41 14.28
2018-09-30 81.26 15.04
2018-06-30 81.69 15.05
2018-03-31 81.95 14.38
2017-12-31 82.24 13.98
2017-09-30 81.46 13.01
2017-06-30 80.94 13.42
2017-03-31 79.83 13.21
2016-12-31 79.09 12.95
2016-09-30 78.42 12.06
2016-06-30 77.37 11.41
2016-03-31 77.51 11.60
2015-12-31 77.02 11.31
2015-09-30 76.35 11.61
2015-06-30 75.17 11.23
2015-03-31 73.53 9.96
2014-12-31 72.47 9.51
2014-09-30 71.28 8.91
2014-06-30 69.76 8.20
2014-03-31 69.65 8.74
2013-12-31 69.07 8.30
2013-09-30 69.13 8.50
2013-06-30 70.06 8.75
2013-03-31 70.19 8.98
2012-12-31 70.56 9.85
2012-09-30 69.68 9.85

*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.
  • Artesian Resources has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Artesian Resources used its assets less efficiently than the US Water Utilities industry average last year based on Return on Assets.
  • Artesian Resources's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Artesian Resources'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.
Artesian Resources 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.

Health

 How is Artesian Resources'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 Artesian Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • 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.
Balance sheet
This treemap shows a more detailed breakdown of Artesian Resources'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 Artesian Resources Company Filings, last reported 3 months ago.

NasdaqGS:ARTN.A Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 155.04 136.16 0.27
2018-12-31 153.25 133.65 0.29
2018-09-30 150.09 129.21 0.23
2018-06-30 148.18 126.17 0.22
2018-03-31 148.39 121.64 0.29
2017-12-31 146.64 116.85 0.95
2017-09-30 144.58 114.79 0.25
2017-06-30 142.54 113.97 0.30
2017-03-31 140.47 112.53 0.21
2016-12-31 139.02 110.81 0.23
2016-09-30 135.88 108.82 0.24
2016-06-30 135.39 109.95 0.22
2016-03-31 133.54 111.99 0.51
2015-12-31 132.33 115.97 0.21
2015-09-30 129.19 118.33 0.53
2015-06-30 127.92 119.92 0.36
2015-03-31 124.49 120.39 0.35
2014-12-31 125.61 124.83 0.24
2014-09-30 123.18 121.52 0.20
2014-06-30 123.44 118.15 0.39
2014-03-31 122.78 115.58 0.45
2013-12-31 121.84 117.72 0.42
2013-09-30 119.50 116.60 0.58
2013-06-30 120.24 116.78 0.50
2013-03-31 118.67 117.72 0.32
2012-12-31 118.18 118.84 0.62
2012-09-30 115.83 118.18 0.51
  • Artesian Resources's level of debt (87.8%) 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 (94.2% vs 87.8% today).
  • Debt is well covered by operating cash flow (22.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.7x coverage).
X
Financial health checks
We assess Artesian Resources'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. Artesian Resources has a total score of 3/6, 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.

Dividends

 What is Artesian Resources'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
2.73%
Current annual income from Artesian Resources dividends.
If you bought $2,000 of Artesian Resources shares you are expected to receive $55 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?
  • Artesian Resources's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
  • Artesian Resources's dividend is below the markets top 25% of dividend payers in United States of America (3.72%).
Upcoming dividend payment

Purchase Artesian Resources before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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
NasdaqGS:ARTN.A 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 0 Analyst Estimates (S&P Global) See Below
United States of America Water Utilities Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 1.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2017 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

NasdaqGS:ARTN.A Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
NasdaqGS:ARTN.A Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-06-26 0.984 2.705
2019-04-03 0.984 2.712
2019-01-23 0.969 2.573
2018-09-26 0.969 2.717
2018-06-27 0.955 2.561
2018-05-03 0.955 2.495
2018-01-17 0.941 2.605
2017-11-03 0.941 2.404
2017-11-02 0.941 2.288
2017-08-02 0.927 2.400
2017-05-04 0.927 2.448
2017-01-11 0.913 2.752
2016-09-29 0.913 3.047
2016-07-28 0.900 3.054
2016-05-04 0.900 2.944
2016-01-27 0.886 3.178
2015-09-15 0.886 3.472
2015-07-29 0.873 3.979
2015-03-23 0.873 4.063
2015-01-28 0.860 4.005
2014-09-17 0.860 3.971
2014-07-30 0.848 4.003
2014-04-04 0.848 3.848
2014-01-22 0.835 3.758
2013-09-17 0.835 3.702
2013-07-30 0.823 3.686
2013-04-26 0.823 3.651
2013-01-30 0.811 3.640
2012-09-26 0.811 3.639
2012-08-01 0.791 3.552
2012-04-25 0.791 3.948
2012-01-25 0.772 4.040
2011-09-28 0.772 4.224
2011-07-27 0.761 4.339
2011-04-27 0.761 4.037
2011-01-26 0.757 3.899
2010-10-06 0.757 3.978
2010-07-27 0.753 4.156
2010-04-22 0.753 4.163
2010-01-14 0.749 4.188
2009-10-20 0.749 4.378
2009-04-21 0.714 4.404
2009-01-13 0.714 4.917
2008-10-29 0.714 4.759

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 Artesian Resources's earnings are paid to the shareholders as a dividend.
  • 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.
X
Income/ dividend checks
We assess Artesian Resources'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 Artesian Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Artesian Resources has a total score of 4/6, see the detailed checks below.


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

Management

 What is the CEO of Artesian Resources'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
Dian Taylor
COMPENSATION $1,000,601
AGE 73
TENURE AS CEO 26.8 years
CEO Bio

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 as the Chairperson of the Board of Artesian Water Company Inc., a subsidiary of Artesian Resources Corp. and has been its Chief Executive Officer and President since September 1992. She serves as the Chief Executive Officer and President of Artesian Wastewater Maryland, Inc. She has been employed by Artesian Resources Corp. since August 1991. Ms. Taylor has extensive knowledge of the complex issues facing smaller companies and prior strategic planning expertise. She served as a Consultant to the Small Business Development Center at the University of Delaware from February 1991 to August 1991 and was a Owner and served as President of Achievement Resources Inc., from 1977 to 1991. She served as Marketing Director of SMI, Inc. from 1982 to 1985. She has been a Director of Artesian Resources Corporation since 1991. She serves as a Director of Citizens Bank - Delaware at Citizens Bank, National Association. She serves as a Member of Mid-Atlantic Regional Advisory Board at Citizens Bank. She served as Regional Advisory Board Member at Citizens Bank of Pennsylvania. Ms. Taylor served as a Director of Citizens Bank of Massachusetts since December 8, 2005. She is the President of the National Association of Water Companies. She is a Commissioner for the Delaware River and Bay Authority. Ms. Taylor serves on the Delaware Economic and Financial Advisory Council. She serves on the Board of Directors of the Delaware State Chamber of Commerce and the American Heart Association. She is a Trustee of the Delaware Grand Opera and the Christiana Care Hospital.

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

Average tenure and age of the Artesian Resources management team in years:

12.2
Average Tenure
56
Average Age
  • The average tenure for the Artesian Resources management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Dian Taylor

TITLE
Chairman
COMPENSATION
$1M
AGE
73
TENURE
26.8 yrs

David Spacht

TITLE
CFO & Treasurer
COMPENSATION
$504K
AGE
59
TENURE
24.5 yrs

John Thaeder

TITLE
Senior Vice President of Operations
COMPENSATION
$427K
AGE
61
TENURE
12.2 yrs

Joseph DiNunzio

TITLE
Executive VP & Corporate Secretary
COMPENSATION
$528K
AGE
56
TENURE
19.3 yrs

Nicki Taylor

TITLE
Senior VP & Director
COMPENSATION
$500K
AGE
51
TENURE
7.2 yrs

Karl Randall

TITLE
General Counsel & Assistant Secretary
AGE
50
TENURE
2.9 yrs

Jennifer Finch

TITLE
VP & Assistant Treasurer
AGE
50
TENURE
9.4 yrs
Board of Directors Tenure

Average tenure and age of the Artesian Resources board of directors in years:

26.3
Average Tenure
68.5
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.
Board of Directors

Dian Taylor

TITLE
Chairman
COMPENSATION
$1M
AGE
73
TENURE
26 yrs

Nicki Taylor

TITLE
Senior VP & Director
COMPENSATION
$500K
AGE
51
TENURE
11.6 yrs

William Wyer

TITLE
Director
COMPENSATION
$136K
AGE
73
TENURE
28.5 yrs

Kenneth Biederman

TITLE
Director
COMPENSATION
$118K
AGE
76
TENURE
28.5 yrs

John Eisenbrey

TITLE
Director
COMPENSATION
$117K
AGE
64
TENURE
26.5 yrs

Mike Houghton

TITLE
Director
COMPENSATION
$28K
AGE
62
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • Artesian Resources individual insiders have only sold shares in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
20. May 19 Sell Kenneth Biederman Individual 17. May 19 17. May 19 -1,000 $35.99 $-35,986
10. Jan 19 Sell Kenneth Biederman Individual 14. Aug 18 14. Aug 18 -1,000 $37.00 $-37,000
X
Management checks
We assess Artesian Resources'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. Artesian Resources 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.

News

Simply Wall St News

Here's Why Artesian Resources (NASDAQ:ARTN.A) Is Weighed Down By Its Debt Load

See our latest analysis for Artesian Resources What Is Artesian Resources's Debt? … Given this deficit is actually higher than the company's market capitalization of US$336.7m, we think shareholders really should watch Artesian Resources's debt levels, like a parent watching their child ride a bike for the first time. … Because it carries more debt than cash, we think it's worth watching Artesian Resources's balance sheet over time.

Simply Wall St -

Has Artesian Resources Corporation (NASDAQ:ARTN.A) Improved Earnings In Recent Times?

Measuring Artesian Resources Corporation's (NASDAQ:ARTN.A) track record of past performance is a useful exercise for investors. … Furthermore, its return on assets (ROA) of 3.9% is below the US Water Utilities industry of 3.9%, indicating Artesian Resources's are utilized less efficiently. … You should continue to research Artesian Resources to get a more holistic view of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for ARTN.A’s future growth?

Simply Wall St -

What Kind Of Shareholder Appears On The Artesian Resources Corporation's (NASDAQ:ARTN.A) Shareholder Register?

View our latest analysis for Artesian Resources NasdaqGS:ARTN.A Ownership Summary, May 22nd 2019 What Does The Institutional Ownership Tell Us About Artesian Resources? … As you can see, institutional investors own 44% of Artesian Resources. … Insider Ownership Of Artesian Resources While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders.

Simply Wall St -

Does Artesian Resources Corporation (NASDAQ:ARTN.A) Have A Good P/E Ratio?

We'll show how you can use Artesian Resources Corporation's (NASDAQ:ARTN.A) P/E ratio to inform your assessment of the investment opportunity. … Artesian Resources has a P/E ratio of 23.57, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Introducing Artesian Resources (NASDAQ:ARTN.A), A Stock That Climbed 58% In The Last Five Years

Artesian Resources Corporation (NASDAQ:ARTN.A) shareholders might be concerned after seeing the share price drop 12% in the last month. … During five years of share price growth, Artesian Resources achieved compound earnings per share (EPS) growth of 10% per year. … So the EPS growth rate is rather close to the annualized share price gain of 9.6% per year.

Simply Wall St -

With A Return On Equity Of 9.3%, Has Artesian Resources Corporation's (NASDAQ:ARTN.A) Management Done Well?

To keep the lesson grounded in practicality, we'll use ROE to better understand Artesian Resources Corporation (NASDAQ:ARTN.A). … Another way to think of that is that for every $1 worth of equity in the company, it was able to earn $0.093. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

How Much Did Artesian Resources Corporation's (NASDAQ:ARTN.A) CEO Pocket Last Year?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Dian Taylor's Compensation Compare With Similar Sized Companies. … Our data indicates that Artesian Resources Corporation is worth US$371m, and total annual CEO compensation is US$1.0m.

Simply Wall St -

What To Know Before Buying Artesian Resources Corporation (NASDAQ:ARTN.A) For Its Dividend

A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. … Historically, Artesian Resources Corporation (NASDAQ:ARTN.A) has paid a dividend to shareholders. … Let's take a look at Artesian Resources in more detail.

Simply Wall St -

What Does Artesian Resources Corporation’s (NASDAQ:ARTN.A) 5.2% ROCE Say About The Business?

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Understanding Return On Capital Employed (ROCE). … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

2 Days Left Until Artesian Resources Corporation (NASDAQ:ARTN.A) Trades Ex-Dividend

Artesian Resources Corporation (NASDAQ:ARTN.A) will be distributing its dividend of US$0.24 per share on the 22 February 2019, and will start trading ex-dividend in 2 days time on the 07 February 2019. … Whenever I am looking at a potential dividend stock investment, I always check these five metrics:? … Has its dividend been stable over the past (i.e. no missed payments or significant payout cuts)?

Simply Wall St -

Company Info

Description

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, 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 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. In addition, the company offers services to other water utilities, including operations and billing functions; and owns real estate properties, including land for office buildings, a water treatment plant, and wastewater facility. As of December 31, 2018, it served approximately 85,900 metered water customers in Delaware, 2,400 metered water customers in Maryland, and 40 customers in Pennsylvania through 1,311 miles of transmission and distribution mains. Artesian Resources Corporation was founded in 1905 and is headquartered in Newark, Delaware.

Details
Name: Artesian Resources Corporation
ARTN.A
Exchange: NasdaqGS
Founded: 1905
$333,526,644
9,274,540
Website: http://www.artesianresources.com
Address: Artesian Resources Corporation
664 Churchmans Road,
Newark,
Delaware, 19702,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS ARTN.A Class A Non-Voting Common Shares Nasdaq Global Select US USD 30. Jun 1993
OTCPK ARTN.B Class B Common Shares Pink Sheets LLC US USD 06. Jan 1975
Number of employees
Current staff
Staff numbers
241
Artesian Resources employees.
Industry
Water Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/17 23:31
End of day share price update: 2019/07/17 00:00
Last estimates confirmation: 2018/03/14
Last earnings filing: 2019/05/10
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.