Artesian Resources
Market Cap
US$325.7m
Last Updated
2020/05/31 03:46 UTC
Data Sources
Company Financials +
Executive Summary
Artesian Resources Corporation, through its subsidiaries, provides water, wastewater, and other services on the Delmarva Peninsula.
Snowflake Analysis
Proven 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: ARTN.B has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
0%
ARTN.B
5.3%
US Water Utilities
3.0%
US Market
1 Year Return
-4.4%
ARTN.B
10.4%
US Water Utilities
9.9%
US Market
Return vs Industry: ARTN.B underperformed the US Water Utilities industry which returned 10.4% over the past year.
Return vs Market: ARTN.B underperformed the US Market which returned 9.5% over the past year.
Shareholder returns
| ARTN.B | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | 5.3% | 3.0% |
| 30 Day | -6.1% | 5.5% | 8.2% |
| 90 Day | 1.7% | -0.04% | 0.4% |
| 1 Year | -1.7%-4.4% | 12.4%10.4% | 12.4%9.9% |
| 3 Year | -3.6%-11.1% | 57.0%47.9% | 31.0%22.3% |
| 5 Year | 77.5%53.6% | 139.8%115.7% | 58.1%40.3% |
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?
21.16x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: ARTN.B ($33.8) is trading above our estimate of fair value ($19.99)
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 (21.2x) compared to the Water Utilities industry average (35.4x).
PE vs Market: ARTN.B is poor value based on its PE Ratio (21.2x) compared to the US market (15.8x).
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 (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 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 ARTN.B's forecast earnings growth is above the savings rate (2.2%).
Earnings vs Market: Insufficient data to determine if ARTN.B'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: ARTN.B's revenue (2.7% per year) is forecast to grow slower than the US market (8.8% per year).
High Growth Revenue: ARTN.B'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 ARTN.B'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?
7.3%
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 (18.3%) are higher than last year (17.8%).
Past Earnings Growth Analysis
Earnings Trend: ARTN.B's earnings have grown by 7.3% per year over the past 5 years.
Accelerating Growth: ARTN.B's earnings growth over the past year (7.1%) is below its 5-year average (7.3% per year).
Earnings vs Industry: ARTN.B earnings growth over the past year (7.1%) exceeded the Water Utilities industry 2.3%.
Return on Equity
High ROE: ARTN.B's Return on Equity (9.5%) 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 ($12.7M) do not cover its short term liabilities ($27.9M).
Long Term Liabilities: ARTN.B's short term assets ($12.7M) do not cover its long term liabilities ($375.3M).
Debt to Equity History and Analysis
Debt Level: ARTN.B's debt to equity ratio (94.9%) is considered high.
Reducing Debt: ARTN.B's debt to equity ratio has reduced from 96.6% to 94.9% 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 (3.5x coverage).
Balance Sheet
Next Steps
Dividend
What is Artesian Resources's current dividend yield, its reliability and sustainability?
2.84%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ARTN.B's dividend (2.84%) is higher than the bottom 25% of dividend payers in the US market (1.69%).
High Dividend: ARTN.B's dividend (2.84%) is low compared to the top 25% of dividend payers in the US market (4.52%).
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 (59.7%), 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?
16.6yrs
Average management tenure
CEO
Dian Taylor (73yo)
27.58yrs
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 ($USD2.21M).
Compensation vs Earnings: Dian's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 27.58yrs | US$983.22k | 3.24% $10.6m | |
| CFO & Treasurer | 25.33yrs | US$497.42k | 0.043% $140.0k | |
| Senior Vice President of Operations | 13yrs | US$431.98k | 0.35% $1.1m | |
| Senior VP of Investor Relations & Director | 12.42yrs | US$518.59k | 3.21% $10.5m | |
| Executive VP & Corporate Secretary | 20.17yrs | US$541.44k | 0.20% $666.9k | |
| General Counsel & Assistant Secretary | 3.75yrs | no data | 0.0094% $30.6k | |
| VP & Assistant Treasurer | 10.17yrs | no data | 0.017% $55.9k |
16.6yrs
Average Tenure
56yo
Average Age
Experienced Management: ARTN.B's management team is seasoned and experienced (16.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 27.58yrs | US$983.22k | 3.24% $10.6m | |
| Senior VP of Investor Relations & Director | 12.42yrs | US$518.59k | 3.21% $10.5m | |
| Independent Director | 29.33yrs | US$121.11k | 0.22% $730.3k | |
| Independent Director | 27.33yrs | US$120.11k | 1.04% $3.4m | |
| Independent Director | 29.33yrs | US$137.60k | 0.20% $647.2k | |
| Independent Director | 1.58yrs | US$61.00k | no data |
27.1yrs
Average Tenure
68.5yo
Average Age
Experienced Board: ARTN.B's board of directors are seasoned and experienced ( 27.1 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$325.735m
- Shares outstanding: 9.31m
- 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, 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 collection, treatment infrastructure, and 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; owns real estate properties, including land for office buildings, a water treatment plant, and wastewater facility; and provides designing, installing, maintaining, and repairing services for storm water management systems. As of December 31, 2019, it served approximately 87,800 metered water customers in Delaware, 2,500 metered water customers in Maryland, and 40 customers in Pennsylvania through 1,331 miles of transmission and distribution mains. Artesian Resources Corporation was founded in 1905 and is headquartered in Newark, Delaware.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/05/31 03:46 |
| End of Day Share Price | 2020/05/21 00:00 |
| Earnings | 2020/03/31 |
| 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.