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 1,108 - -
Change - -34.08% -15.79% -19.58% -1.61% 19.87% - -
Enterprise Value (EV) 2,105 1,388 1,168 939.7 924.6 1,108 1,108 1,108
Change - -34.08% -15.79% -19.58% -1.61% 19.87% 0% 0%
P/E - - - 21.3x 21.4x 21.9x 20.9x 18.9x
PBR - - - - - - - -
PEG - - - - -4.81x 1.6x 4.32x 1.9x
Capitalization / Revenue 14.7x 8.54x 7.03x 4.9x 4.75x 5.09x 4.66x 4.34x
EV / Revenue 0x 0x 0x 0x 0x 5.09x 4.66x 4.34x
EV / EBITDA - - - 0x 0x 11.9x 10.7x 9.34x
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 58.82 58.82 58.82
Nbr of stocks (in thousands) 17,497 17,639 17,807 17,855 18,338 18,844 - -
Announcement Date 25/02/22 24/02/23 29/02/24 28/02/25 19/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.86x - - - 1.11B
22.4x7.99x13.97x2.59% 27.08B
10.99x3x5.65x5.88% 6.8B
17.4x3.56x8.76x3.9% 3.92B
13.05x4.14x13.34x7.23% 2.86B
22.17x5.56x14.16x2.79% 2.65B
5.84x2.12x4.78x5.72% 1.85B
159.7x4.36x8.53x0.64% 1.77B
6.87x6.01x8.77x5.84% 1.75B
Average 31.14x 4.59x 9.75x 4.32% 5.53B
Weighted average by Cap. 23.61x 6.15x 11.63x 3.6%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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