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
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
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
is considered below, and whether this is a fair price.
Price based on past earnings
Artesian Resources's earnings available for a low price, and how does
this compare to other companies in the same industry?
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.
Artesian Resources's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
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.
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.
A company's financial position is much like your own financial position,
it includes everything you own
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.
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.
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
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.
Nearly all companies have debt. Debt in itself isn’t
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.
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.
TENURE AS CEO
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.
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
management team in years:
The average tenure for the Artesian Resources management team is over 5 years, this suggests they are a seasoned and experienced team.
CFO & Treasurer
Senior Vice President of Operations
Executive VP & Corporate Secretary
Senior VP & Director
General Counsel & Assistant Secretary
VP & Assistant Treasurer
Board of Directors Tenure
Average tenure and age of the
board of directors in years:
The average tenure for the Artesian Resources board of directors is over 10 years, this suggests they are a seasoned and experienced board.
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.
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