Middlesex Water Company (MSEX)
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No price history available.
Key financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | $m | 142 | 143 | 162 | 166 | 192 | 195 | 206 | 215 |
| Operating profit | $m | 54 | 60 | ||||||
| Net profit | $m | 38 | 37 | 42 | 32 | 44 | 43 | 48 | 48 |
| EPS reported | $ | 2.36 | 2.60 | ||||||
| Operating cashflow per share | $ | 3.45 | 3.13 | ||||||
| Capex per share | $ | 5.32 | 2.33 | ||||||
| FCF per share | $ | -1.86 | 0.80 | ||||||
| Free cash flow | $m | -34 | 15 | ||||||
| Net debt | $m | 412 | 437 | ||||||
| Book value equity | $m | 495 | 522 | ||||||
| Book value per share | $ | 27.29 | 27.88 | ||||||
| Number of shares | m | 18.15 | 18.74 | ||||||
| DPS (TTM paid) | $ | 1.38 | 1.44 |
Financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | 21.36 | 20.57 | ||||||
| P/B LTM | x | 1.84 | 1.75 | ||||||
| P/S LTM | x | 4.69 | 4.43 | ||||||
| P/FCF LTM | x | -27.07 | 60.84 | ||||||
| EV/EBITDA LTM | x | 14.06 | 13.51 | ||||||
| EV/Sales LTM | x | 6.82 | 7.49 | ||||||
| Earnings Yield LTM | % | +4.68% | +4.86% | ||||||
| FCF Yield | % | -3.69% | +1.64% | ||||||
| Quality | |||||||||
| ROE | % | +8.64% | +9.57% | ||||||
| ROIC | % | +3.74% | +3.99% | ||||||
| Operating margin | % | +27.93% | +29.22% | ||||||
| Gross margin | % | +39.18% | +43.64% | ||||||
| FCF/Sales | % | -17.34% | +7.29% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | -4.45% | +5.26% | ||||||
| Sales Growth YoY | % | +1.47% | +7.43% | ||||||
| Net Income Growth YoY | % | -3.45% | +8.09% | ||||||
| FCF Growth | % | - | - | ||||||
| Operating Profit Growth | % | +2.19% | +13.21% | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | +2.73% | +2.42% | ||||||
| Dividend Growth | % | +4.94% | +9.51% | ||||||
| Payout Ratio | % | +58.17% | +54.56% | ||||||
| FCF/Debt | x | -0.08 | 0.03 | ||||||
| Net Debt/EBITDA | x | 4.38 | 4.45 | ||||||
| EBIT/Net interest | x | 3.80 | 3.97 | ||||||
| Net debt/market cap | % | +45.41% | +39.51% | ||||||
| Net debt/Equity | x | 0.83 | 0.84 | ||||||
| Gross debt/equity | x | 0.84 | 0.84 | ||||||
Price target estimates
Based on consensus from external analysts. Not Kvantra's opinion.
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
ESG
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| ESG-score | |||
| Environmental score | |||
| Social score | |||
| Governance score | |||
| Risk rating |
Company overview
Middlesex Water Company primarily delivers vital water and wastewater utility services, structured around two key business units. Its regulated operations are dedicated to the acquisition, treatment, and distribution of water to a broad spectrum of retail and wholesale clients, including residential, commercial, industrial, and fire protection users. This division also oversees regulated wastewater systems in both New Jersey and Delaware. Complementing this, the company's non-regulated segment furnishes contract-based services for the management and maintenance of municipal and private water and wastewater infrastructure within the same states. The firm, established in 1896, maintains its corporate headquarters in Iselin, New Jersey.
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
No price history available.
Consensus from external analysts. Not Kvantra's opinion.
Based on consensus from external analysts. Not Kvantra's opinion.
Middlesex Water Company primarily delivers vital water and wastewater utility services, structured around two key business units. Its regulated operations are dedicated to the acquisition, treatment, and distribution of water to a broad spectrum of retail and wholesale clients, including residential, commercial, industrial, and fire protection users. This division also oversees regulated wastewater systems in both New Jersey and Delaware. Complementing this, the company's non-regulated segment furnishes contract-based services for the management and maintenance of municipal and private water and wastewater infrastructure within the same states. The firm, established in 1896, maintains its corporate headquarters in Iselin, New Jersey.
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