NasdaqGS:YORW

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Proven track record average dividend payer.


Similar Companies

Share Price & News

How has York Water's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: YORW is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: YORW's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

-3.3%

YORW

-5.1%

US Water Utilities

-0.06%

US Market


1 Year Return

5.3%

YORW

14.6%

US Water Utilities

19.0%

US Market

Return vs Industry: YORW underperformed the US Water Utilities industry which returned 14.6% over the past year.

Return vs Market: YORW underperformed the US Market which returned 19% over the past year.


Shareholder returns

YORWIndustryMarket
7 Day-3.3%-5.1%-0.06%
30 Day-0.8%1.5%4.4%
90 Day0.2%5.9%6.3%
1 Year7.0%5.3%16.6%14.6%21.7%19.0%
3 Year32.0%24.8%53.1%44.6%46.4%36.7%
5 Year111.7%92.4%136.5%114.3%91.0%69.9%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

36.7x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: YORW ($45.91) is trading above our estimate of fair value ($14.99)

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


Price To Earnings Ratio

PE vs Industry: YORW is poor value based on its PE Ratio (36.7x) compared to the US Water Utilities industry average (33.8x).

PE vs Market: YORW is poor value based on its PE Ratio (36.7x) compared to the US market (19.5x).


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 (4.2x) compared to the US Water Utilities industry average (2.3x).


Next Steps

Future Growth

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

2.9%

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 (2.2%).

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 (2.9% per year) is forecast to grow slower than the US market (10.2% per year).

High Growth Revenue: YORW's revenue (2.9% 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


Next Steps

Past Performance

How has York Water performed over the past 5 years?

5.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: YORW has high quality earnings.

Growing Profit Margin: YORW's current net profit margins (30.4%) are higher than last year (29%).


Past Earnings Growth Analysis

Earnings Trend: YORW's earnings have grown by 5.7% per year over the past 5 years.

Accelerating Growth: YORW's earnings growth over the past year (10.8%) exceeds its 5-year average (5.7% per year).

Earnings vs Industry: YORW earnings growth over the past year (10.8%) underperformed the Water Utilities industry 10.8%.


Return on Equity

High ROE: YORW's Return on Equity (11.5%) is considered low.


Next Steps

Financial Health

How is York Water's financial position?


Financial Position Analysis

Short Term Liabilities: YORW's short term assets ($21.8M) exceed its short term liabilities ($11.9M).

Long Term Liabilities: YORW's short term assets ($21.8M) do not cover its long term liabilities ($245.1M).


Debt to Equity History and Analysis

Debt Level: YORW's debt to equity ratio (84.7%) is considered high.

Reducing Debt: YORW's debt to equity ratio has increased from 84% to 84.7% over the past 5 years.

Debt Coverage: YORW's debt is not well covered by operating cash flow (18.1%).

Interest Coverage: YORW's interest payments on its debt are well covered by EBIT (5x coverage).


Balance Sheet


Next Steps

Dividend

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

1.57%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: YORW's dividend (1.57%) is higher than the bottom 25% of dividend payers in the US market (1.5%).

High Dividend: YORW's dividend (1.57%) is low compared to the top 25% of dividend payers in the US market (4.15%).


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 (57.6%), 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?

1.3yrs

Average management tenure


CEO

Joseph Hand (57 yo)

0.67

Tenure

US$340,548

Compensation

Mr. Joseph Thomas Hand has served 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...


CEO Compensation Analysis

Compensation vs Market: Joseph's total compensation ($USD340.55K) is below average for companies of similar size in the US market ($USD2.59M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Joseph Hand
CEO, President & Director0.67yrUS$340.55k0.14%
$ 811.8k
Matthew Poff
CFO & Treasurer2.83yrsUS$267.93k0.020%
$ 118.3k
Mark Wheeler
COO & Secretary0.67yrno data0.0066%
$ 39.5k
Mark Hardman
Vice President of Technology1.83yrsno data0.0052%
$ 31.4k
Alexandra Chiaruttini
Chief Administrative Officer & General Counsel0.083yrno datano data
Molly Norton
Investor Relations & Communications Administratorno datano datano data
Natalee Colon
Vice President of Human Resources5.08yrsno data0.0070%
$ 42.2k

1.3yrs

Average Tenure

47.5yo

Average Age

Experienced Management: YORW's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Joseph Hand
CEO, President & Director0.67yrUS$340.55k0.14%
$ 811.8k
Irvin Naylor
Director Emeritus12.42yrsUS$37.65kno data
Michael Gang
Independent Director24.83yrsUS$29.00k0.094%
$ 564.4k
George Kain
Independent Director34.25yrsUS$31.47k0.18%
$ 1.1m
Robert Newcomer
Independent Director6.92yrsUS$33.67k0.047%
$ 279.7k
George Hodges
Independent Chairman9.5yrsUS$39.84k0.039%
$ 233.5k
Cynthia Dotzel
Independent Director1.83yrsUS$24.06k0.12%
$ 702.0k
Jeffrey Hines
Director12.83yrsUS$573.81k0.54%
$ 3.2m
Ernest Waters
Independent Director13.17yrsUS$37.16k0.018%
$ 106.3k
Steven Rasmussen
Independent Director9.83yrsUS$37.83k0.019%
$ 115.7k
Jody Keller
Independent Director4.92yrsUS$28.98k0.024%
$ 145.9k
Erin McGlaughlin
Independent Director4.83yrsUS$32.75k0.0096%
$ 57.4k

9.7yrs

Average Tenure

67.5yo

Average Age

Experienced Board: YORW's board of directors are considered experienced (9.7 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 company bio, 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
  • Market Cap: US$600.820m
  • Shares outstanding: 13.05m
  • Website: https://www.yorkwater.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
YORWNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDJan 1975
YWABST (Boerse-Stuttgart)YesCommon StockDEEURJan 1975

Biography

The York Water Company impounds, purifies, and distributes drinking water. The company owns and operates two wastewater collection systems and two wastewater treatment systems; and two reservoirs, includin...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/23 23:40
End of Day Share Price2020/11/23 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.