Artesian Resources
Market Cap
US$353.5m
Last Updated
2021/01/21 23:56 UTC
Data Sources
Company Financials
Executive Summary
Artesian Resources Corporation, through its subsidiaries, provides water, wastewater, and other services on the Delmarva Peninsula. More Details
Rewards
Risk Analysis
Snowflake Analysis
Solid track record average dividend payer.
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
Stable Share Price: Insufficient data to determine ARTN.B's volatility over the past 3 months.
Volatility Over Time: Insufficient data to determine ARTN.B's volatility change over the past year.
Market Performance
7 Day Return
1.8%
ARTN.B
1.9%
US Water Utilities
1.4%
US Market
1 Year Return
-0.9%
ARTN.B
5.2%
US Water Utilities
22.6%
US Market
Return vs Industry: ARTN.B underperformed the US Water Utilities industry which returned 7.7% over the past year.
Return vs Market: ARTN.B underperformed the US Market which returned 22.8% over the past year.
Shareholder returns
| ARTN.B | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.8% | 1.9% | 1.4% |
| 30 Day | -0.9% | 6.9% | 4.9% |
| 90 Day | n/a | 4.6% | 14.6% |
| 1 Year | 1.9%-0.9% | 7.1%5.2% | 25.4%22.6% |
| 3 Year | 9.0%0.4% | 66.5%57.3% | 46.8%37.0% |
| 5 Year | 54.6%34.5% | 130.2%108.4% | 132.0%106.1% |
Long-Term 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
No news available
Valuation
Is Artesian Resources undervalued compared to its fair value and its price relative to the market?
20.99x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: ARTN.B ($37.65) is trading above our estimate of fair value ($24.44)
Significantly Below Fair Value: ARTN.B is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: ARTN.B is good value based on its PE Ratio (21x) compared to the US Water Utilities industry average (36.2x).
PE vs Market: ARTN.B is good value based on its PE Ratio (21x) compared to the US market (21.1x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate ARTN.B's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: ARTN.B is good value based on its PB Ratio (2.1x) compared to the US Water Utilities industry average (2.8x).
Next Steps
Future Growth
How is Artesian Resources forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
9.7%
Forecasted Utilities industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Artesian Resources has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Examine whether Artesian Resources is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on theOTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Artesian Resources's filings and announcementshere.
- Explore growth companies in the Utilities industry.
Past Performance
How has Artesian Resources performed over the past 5 years?
7.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ARTN.B has high quality earnings.
Growing Profit Margin: ARTN.B's current net profit margins (19.2%) are higher than last year (18%).
Past Earnings Growth Analysis
Earnings Trend: ARTN.B's earnings have grown by 7% per year over the past 5 years.
Accelerating Growth: ARTN.B's earnings growth over the past year (13.7%) exceeds its 5-year average (7% per year).
Earnings vs Industry: ARTN.B earnings growth over the past year (13.7%) exceeded the Water Utilities industry 4.3%.
Return on Equity
High ROE: ARTN.B's Return on Equity (10.1%) is considered low.
Next Steps
Financial Health
How is Artesian Resources's financial position?
Financial Position Analysis
Short Term Liabilities: ARTN.B's short term assets ($17.9M) do not cover its short term liabilities ($43.6M).
Long Term Liabilities: ARTN.B's short term assets ($17.9M) do not cover its long term liabilities ($378.0M).
Debt to Equity History and Analysis
Debt Level: ARTN.B's debt to equity ratio (101.4%) is considered high.
Reducing Debt: ARTN.B's debt to equity ratio has increased from 91.5% to 101.4% over the past 5 years.
Debt Coverage: ARTN.B's debt is not well covered by operating cash flow (11.9%).
Interest Coverage: ARTN.B's interest payments on its debt are well covered by EBIT (3.7x coverage).
Balance Sheet
Next Steps
Dividend
What is Artesian Resources's current dividend yield, its reliability and sustainability?
2.72%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ARTN.B's dividend (2.72%) is higher than the bottom 25% of dividend payers in the US market (1.37%).
High Dividend: ARTN.B's dividend (2.72%) is low compared to the top 25% of dividend payers in the US market (3.86%).
Stability and Growth of Payments
Stable Dividend: ARTN.B's dividends per share have been stable in the past 10 years.
Growing Dividend: ARTN.B's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (55.3%), ARTN.B'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?
17.3yrs
Average management tenure
CEO
Dian Taylor (74 yo)
28.33yrs
Tenure
US$983,218
Compensation
Ms. Dian C. Taylor has been the Chairman of the Board at Artesian Resources Corp. and its subsidiaries since July 1993 and its Chief Executive Officer and President since September 1992. Ms. Taylor serves ...
CEO Compensation Analysis
Compensation vs Market: Dian's total compensation ($USD983.22K) is below average for companies of similar size in the US market ($USD1.64M).
Compensation vs Earnings: Dian's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 28.33yrs | US$983.22k | 3.23% $ 11.4m | |
| CFO & Treasurer | 26yrs | US$497.42k | 0.043% $ 151.4k | |
| Senior Vice President of Operations | 13.67yrs | US$431.98k | 0.35% $ 1.2m | |
| Senior VP of Investor Relations & Director | 13.08yrs | US$518.59k | 3.2% $ 11.3m | |
| Executive VP & Corporate Secretary | 20.83yrs | US$541.44k | 0.20% $ 721.3k | |
| General Counsel & Assistant Secretary | 4.42yrs | no data | 0.0094% $ 33.1k | |
| VP & Assistant Treasurer | 10.92yrs | no data | 0.017% $ 60.4k |
17.3yrs
Average Tenure
57yo
Average Age
Experienced Management: ARTN.B's management team is seasoned and experienced (17.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 28.33yrs | US$983.22k | 3.23% $ 11.4m | |
| Senior VP of Investor Relations & Director | 13.08yrs | US$518.59k | 3.2% $ 11.3m | |
| Independent Director | 30yrs | US$121.11k | 0.22% $ 789.9k | |
| Independent Director | 28yrs | US$120.11k | 1.03% $ 3.6m | |
| Independent Director | 30yrs | US$137.60k | 0.20% $ 700.0k | |
| Independent Director | 2.33yrs | US$61.00k | no data |
27.8yrs
Average Tenure
69.5yo
Average Age
Experienced Board: ARTN.B's board of directors are seasoned and experienced ( 27.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Artesian Resources Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Artesian Resources Corporation
- Ticker: ARTN.B
- Exchange: OTCPK
- Founded: 1905
- Industry: Water Utilities
- Sector: Utilities
- Market Cap: US$353.464m
- Shares outstanding: 9.34m
- Website: https://www.artesianresources.com
Number of Employees
Location
- Artesian Resources Corporation
- 664 Churchmans Road
- Newark
- Delaware
- 19702
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ARTN.B | OTCPK (Pink Sheets LLC) | Class B Common Shares | US | USD | Jan 1975 | |
| ARTN.A | NasdaqGS (Nasdaq Global Select) | Yes | Class A Non-Voting Common Shares | US | USD | Jun 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/21 23:56 |
| End of Day Share Price | 2021/01/21 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.