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.


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

-0.4%

ARTN.A

0.6%

US Water Utilities

1.8%

US Market


1 Year Return

2.5%

ARTN.A

30.0%

US Water Utilities

7.3%

US Market

Return vs Industry: ARTN.A underperformed the US Water Utilities industry which returned 30% over the past year.

Return vs Market: ARTN.A underperformed the US Market which returned 7.3% over the past year.


Shareholder returns

ARTN.AIndustryMarket
7 Day-0.4%0.6%1.8%
30 Day1.3%2.5%-0.7%
90 Day3.0%9.4%0.06%
1 Year5.3%2.5%32.5%30.0%9.7%7.3%
3 Year41.5%30.5%78.0%67.5%46.3%36.9%
5 Year98.8%70.7%147.9%122.1%64.5%46.5%

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 compared to its fair value and its price relative to the market?

23.95x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: ARTN.A ($36.85) is trading above our estimate of fair value ($20.63)

Significantly Undervalued: 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 (24x) compared to the Water Utilities industry average (39.5x).

PE vs Market: ARTN.A is poor value based on its PE Ratio (24x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

Low 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 (2.2x) compared to the US Water Utilities industry average (2.7x).


Next Steps

Future Growth

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

-0.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ARTN.A's earnings are forecast to decline over the next 3 years (-0.8% per year).

Earnings vs Market: ARTN.A's earnings are forecast to decline over the next 3 years (-0.8% per year).

High Growth Earnings: ARTN.A's earnings are forecast to decline over the next 3 years.

Revenue vs Market: Insufficient data to determine if ARTN.A's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if ARTN.A's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


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

Earnings Trend: ARTN.A's earnings have grown by 10.1% per year over the past 5 years.

Accelerating Growth: ARTN.A's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ARTN.A had negative earnings growth (-5.4%) over the past year, making it difficult to compare to the Water Utilities industry average (2.3%).


Return on Equity

High ROE: ARTN.A's Return on Equity (9.2%) is considered low.


Return on Assets

ROA vs Industry: ARTN.A has a higher Return on Assets than the Water Utilities industry average last year.


Return on Capital Employed

ROCE Improving: ARTN.A's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Artesian Resources's financial position?


Financial Position Analysis

Short Term Liabilities: ARTN.A's short term assets ($10.7M) do not cover its short term liabilities ($43.7M)

Long Term Liabilities: ARTN.A's short term assets (10.7M) do not cover its long term liabilities (340.3M)


Debt to Equity History and Analysis

Debt Level: ARTN.A's debt to equity ratio (92.7%) is considered high

Reducing Debt: ARTN.A's debt to equity ratio has reduced from 95.7% to 92.7% over the past 5 years.

Debt Coverage: ARTN.A's debt is not well covered by operating cash flow (17.8%).

Interest Coverage: ARTN.A's interest payments on its debt are well covered by EBIT (3.6x coverage).


Balance Sheet

Inventory Level: ARTN.A has a high level of physical assets or inventory.

Debt Coverage by Assets: ARTN.A's 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?

2.67%

Current Dividend Yield


Upcoming Dividend Payment

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


Dividend Yield vs Market

company2.7%marketbottom25%1.5%markettop25%3.7%industryaverage1.7%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: ARTN.A's dividend (2.67%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: ARTN.A's dividend (2.67%) is low compared to the top 25% of dividend payers in the US market (3.72%).

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 (63%), 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

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

12.4yrs

Average management tenure


CEO

Dian Taylor (73yo)

27.1yrs

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

Compensation vs. Market: Dian's total compensation ($USD1.00M) is about average for companies of similar size in the US market ($USD1.79M).

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


Management Age and Tenure

12.4yrs

Average Tenure

56yo

Average Age

Experienced Management: ARTN.A's management team is seasoned and experienced (12.4 years average tenure).


Board Age and Tenure

26.5yrs

Average Tenure

68.5yo

Average Age

Experienced Board: ARTN.A's board of directors are seasoned and experienced ( 26.5 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


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: 27.1yrs
    • Compensation: US$1.00m
  • Dave Spacht (59yo)

    CFO & Treasurer

    • Tenure: 24.8yrs
    • Compensation: US$504.48k
  • Joseph DiNunzio (56yo)

    Executive VP & Corporate Secretary

    • Tenure: 19.6yrs
    • Compensation: US$527.64k
  • John Thaeder (61yo)

    Senior Vice President of Operations

    • Tenure: 12.4yrs
    • Compensation: US$427.41k
  • Nicki Taylor (51yo)

    COO, Senior VP of Investor Relations & Director

    • Tenure: 11.8yrs
    • Compensation: US$499.52k
  • Jennifer Finch (50yo)

    VP & Assistant Treasurer

    • Tenure: 9.7yrs
  • Karl Randall (50yo)

    General Counsel & Assistant Secretary

    • Tenure: 3.2yrs

Board Members

  • Dian Taylor (73yo)

    Chairman

    • Tenure: 27.1yrs
    • Compensation: US$1.00m
  • Kenneth Biederman (76yo)

    Director

    • Tenure: 28.8yrs
    • Compensation: US$118.01k
  • John Eisenbrey (64yo)

    Director

    • Tenure: 26.8yrs
    • Compensation: US$117.01k
  • William Wyer (73yo)

    Director

    • Tenure: 28.8yrs
    • Compensation: US$136.34k
  • Nicki Taylor (51yo)

    COO, Senior VP of Investor Relations & Director

    • Tenure: 11.8yrs
    • Compensation: US$499.52k
  • Mike Houghton (62yo)

    Director

    • Tenure: 1.1yrs
    • 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$341.424m
  • 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 Analysis2019/10/17 23:31
End of Day Share Price2019/10/17 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.