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YORW

York WaterNasdaqGS:YORW Stock Report

Last Price

US$45.39

Market Cap

US$594.8m

7D

1.6%

1Y

-0.3%

Updated

26 Jan, 2022

Data

Company Financials +
YORW fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance3/6
Financial Health1/6
Dividends4/6

YORW Stock Overview

The York Water Company impounds, purifies, and distributes drinking water.

York Water Competitors

Essential Utilities

NYSE:WTRG

US$12.1b

American States Water

NYSE:AWR

US$3.4b

California Water Service Group

NYSE:CWT

US$3.2b

SJW Group

NYSE:SJW

US$2.0b

Price History & Performance

Summary of all time highs, changes and price drops for York Water
Historical stock prices
Current Share PriceUS$45.39
52 Week HighUS$53.77
52 Week LowUS$40.70
Beta0.36
1 Month Change-6.45%
3 Month Change-4.64%
1 Year Change-0.29%
3 Year Change40.40%
5 Year Change26.79%
Change since IPO989.36%

Recent News & Updates

Nov 27
York Water (NASDAQ:YORW) Is Paying Out A Larger Dividend Than Last Year

York Water (NASDAQ:YORW) Is Paying Out A Larger Dividend Than Last Year

The board of The York Water Company ( NASDAQ:YORW ) has announced that it will be increasing its dividend on the 14th...

Oct 18

York Water: The Dividend Is As 'Safe As Houses'

With a 205 year unbroken record of dividend payments, York Water's dividend could be regarded as 'safe as houses'. The shares are richly priced, likely a reflection of that highly certain dividend. York Water is possibly one of the few instances where successful timing of stock buying is likely possible.

Shareholder Returns

YORWUS Water UtilitiesUS Market
7D1.6%-1.8%-5.1%
1Y-0.3%1.3%3.3%

Return vs Industry: YORW underperformed the US Water Utilities industry which returned 1.7% over the past year.

Return vs Market: YORW underperformed the US Market which returned 4.2% over the past year.

Price Volatility

Is YORW's price volatile compared to industry and market?
YORW volatility
YORW Average Weekly Movement3.0%
Water Utilities Industry Average Movement3.8%
Market Average Movement6.7%
10% most volatile stocks in US Market15.4%
10% least volatile stocks in US Market2.4%

Stable Share Price: YORW is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: YORW's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1816108Joseph Handhttps://www.yorkwater.com

The York Water Company impounds, purifies, and distributes drinking water. It owns and operates two wastewater collection systems; five wastewater collection and treatment systems; and two reservoirs, including Lake Williams and Lake Redman, which hold approximately 2.2 billion gallons of water. The company also operates a 15-mile pipeline from the Susquehanna River to Lake Redman; and owns nine groundwater wells that supply water to customers in the Adams County.

York Water Fundamentals Summary

How do York Water's earnings and revenue compare to its market cap?
YORW fundamental statistics
Market CapUS$594.82m
Earnings (TTM)US$16.69m
Revenue (TTM)US$54.78m

35.6x

P/E Ratio

10.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
YORW income statement (TTM)
RevenueUS$54.78m
Cost of RevenueUS$11.59m
Gross ProfitUS$43.19m
ExpensesUS$26.50m
EarningsUS$16.69m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.27
Gross Margin78.84%
Net Profit Margin30.47%
Debt/Equity Ratio89.2%

How did YORW perform over the long term?

See historical performance and comparison

Dividends

1.7%

Current Dividend Yield

59%

Payout Ratio

Valuation

Is York Water undervalued compared to its fair value and its price relative to the market?

35.63x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: YORW ($45.39) is trading above our estimate of fair value ($22.25)

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


Price To Earnings Ratio

PE vs Industry: YORW is good value based on its PE Ratio (35.6x) compared to the US Water Utilities industry average (35.9x).

PE vs Market: YORW is poor value based on its PE Ratio (35.6x) compared to the US market (16.5x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: YORW is overvalued based on its PB Ratio (3.9x) compared to the US Water Utilities industry average (2.8x).


Future Growth

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

2.7%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

Earnings vs Market: Insufficient data to determine if YORW'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: YORW's revenue (2.7% per year) is forecast to grow slower than the US market (9.1% per year).

High Growth Revenue: YORW's revenue (2.7% 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 YORW's Return on Equity is forecast to be high in 3 years time


Past Performance

How has York Water performed over the past 5 years?

7.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: YORW has high quality earnings.

Growing Profit Margin: YORW's current net profit margins (30.5%) are higher than last year (30.4%).


Past Earnings Growth Analysis

Earnings Trend: YORW's earnings have grown by 7.6% per year over the past 5 years.

Accelerating Growth: YORW's earnings growth over the past year (2.6%) is below its 5-year average (7.6% per year).

Earnings vs Industry: YORW earnings growth over the past year (2.6%) underperformed the Water Utilities industry 15.3%.


Return on Equity

High ROE: YORW's Return on Equity (11.1%) is considered low.


Financial Health

How is York Water's financial position?


Financial Position Analysis

Short Term Liabilities: YORW's short term assets ($10.2M) do not cover its short term liabilities ($13.2M).

Long Term Liabilities: YORW's short term assets ($10.2M) do not cover its long term liabilities ($266.9M).


Debt to Equity History and Analysis

Debt Level: YORW's net debt to equity ratio (89.2%) is considered high.

Reducing Debt: YORW's debt to equity ratio has increased from 77.2% to 89.2% over the past 5 years.

Debt Coverage: YORW's debt is not well covered by operating cash flow (16.7%).

Interest Coverage: YORW's interest payments on its debt are well covered by EBIT (4.5x coverage).


Balance Sheet


Dividend

What is York Water current dividend yield, its reliability and sustainability?

1.72%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: YORW's dividend (1.72%) is higher than the bottom 25% of dividend payers in the US market (1.36%).

High Dividend: YORW's dividend (1.72%) is low compared to the top 25% of dividend payers in the US market (3.57%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (58.7%), YORW'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?

2.4yrs

Average management tenure


CEO

Joseph Hand (58 yo)

1.83yrs

Tenure

US$445,484

Compensation

Mr. Joseph Thomas Hand serves as President and Chief Executive Officer of The York Water Company since March 1, 2020. He had been the Chief Operating Officer of York Water Co. since March 3, 2008 until Mar...


CEO Compensation Analysis

Compensation vs Market: Joseph's total compensation ($USD445.48K) is below average for companies of similar size in the US market ($USD1.70M).

Compensation vs Earnings: Joseph's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: YORW's management team is considered experienced (2.4 years average tenure).


Board Members

Experienced Board: YORW's board of directors are seasoned and experienced ( 12.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: YORW 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

The York Water Company's employee growth, exchange listings and data sources


Key Information

  • Name: The York Water Company
  • Ticker: YORW
  • Exchange: NasdaqGS
  • Founded: 1816
  • Industry: Water Utilities
  • Sector: Utilities
  • Implied Market Cap: US$594.818m
  • Shares outstanding: 13.10m
  • Website: https://www.yorkwater.com

Number of Employees


Location

  • The York Water Company
  • 130 East Market Street
  • York
  • Pennsylvania
  • 17401
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/26 00:55
End of Day Share Price2022/01/25 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.