Company Valuation: Middlesex Water Company

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,105 1,388 1,168 939.7 924.6 1,090 - -
Change - -34.08% -15.79% -19.58% -1.61% 17.92% - -
Enterprise Value (EV) 2,105 1,388 1,168 939.7 924.6 1,090 1,090 1,090
Change - -34.08% -15.79% -19.58% -1.61% 17.92% 0% 0%
P/E - - - 21.3x 21.4x 21.5x 20.5x 18.6x
PBR - - - - - - - -
PEG - - - - -4.81x 1.5x 4.24x 1.8x
Capitalization / Revenue 14.7x 8.54x 7.03x 4.9x 4.75x 5.01x 4.59x 4.27x
EV / Revenue 0x 0x 0x 0x 0x 5.01x 4.59x 4.27x
EV / EBITDA - - - 0x 0x 11.7x 10.5x 9.19x
EV / EBIT - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 - - - 1.315 1.38 - - -
Rate of return - - - 2.5% 2.74% - - -
EPS 2 - - - 2.47 2.36 2.69 2.82 3.105
Distribution rate - - - 53.2% 58.5% - - -
Net sales 1 143.1 162.4 166.3 191.9 194.7 217.6 237.6 255.4
EBITDA 1 - - - 81.25 86.87 93.1 103.8 118.7
EBIT - - - 53.21 54.38 - - -
Net income 1 - - - 44.24 42.75 51.1 53.3 61.4
Net Debt - - - - - - - -
Reference price 2 120.30 78.67 65.62 52.63 50.42 57.86 57.86 57.86
Nbr of stocks (in thousands) 17,497 17,639 17,807 17,855 18,338 18,844 - -
Announcement Date 2/25/22 A 2/24/23 A 2/29/24 A 2/28/25 A 2/19/26 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.51x - - - 1.09B
22.47x8.01x14x2.58% 27.16B
11.09x3.02x5.7x5.83% 6.86B
15.53x3.23x9.12x3.38% 4.05B
22.52x5.55x14.12x2.8% 2.64B
10.61x3.94x13.48x7.13% 2.22B
6.1x2.18x4.9x5.48% 1.95B
217.93x4.22x8.12x0.62% 1.81B
6.57x5.92x8.63x6.07% 1.68B
Average 37.15x 4.51x 9.76x 4.24% 5.5B
Weighted average by Cap. 25.75x 6.13x 11.62x 3.49%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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