Middlesex Water Company (MSEX): Price and Financial Metrics

MSEX POWR Grades

• MSEX scores best on the Stability dimension, with a Stability rank ahead of 55.21% of US stocks.
• The strongest trend for MSEX is in Growth, which has been heading down over the past 177 days.
• MSEX's current lowest rank is in the Value metric (where it is better than 6.23% of US stocks).

MSEX Stock Summary

• Of note is the ratio of MIDDLESEX WATER CO's sales and general administrative expense to its total operating expenses; only 0.17% of US stocks have a lower such ratio.
• For MSEX, its debt to operating expenses ratio is greater than that reported by 96.14% of US equities we're observing.
• MSEX's price/sales ratio is 7.06; that's higher than the P/S ratio of 85.76% of US stocks.
• If you're looking for stocks that are quantitatively similar to MIDDLESEX WATER CO, a group of peers worth examining would be MTN, OTTR, ARTNA, NWN, and BKH.
• Visit MSEX's SEC page to see the company's official filings. To visit the company's web site, go to www.middlesexwater.com.

MSEX Valuation Summary

• MSEX's price/sales ratio is 7; this is 311.76% higher than that of the median Utilities stock.
• Over the past 243 months, MSEX's price/sales ratio has gone up 3.6.

Below are key valuation metrics over time for MSEX.

MSEX Growth Metrics

The 3 year cash and equivalents growth rate now stands at -51.47%.
• Its 3 year net cashflow from operations growth rate is now at -15.68%.
• Its 4 year cash and equivalents growth rate is now at 616.51%.

MSEX's revenue has moved up $23,037,000 over the prior 33 months.

The table below shows MSEX's growth in key financial areas (numbers in millions of US dollars).

Date	Revenue	Operating Cash Flow	Net Income to Common Stock
2022-09-30	157.635	58.631	42.377
2022-06-30	149.777	45.31	39.562
2022-03-31	146.795	37.561	41.617
2021-12-31	143.141	33.028	36.423
2021-09-30	143.743	34.703	37.493
2021-06-30	143.789	47.115	38.754

MSEX's Quality Factors

The “Quality” component of the POWR Ratings focuses on 31 different factors of a companies fundamentals and operational strength. Here are some key insights as we drill into the specifics of these quality attributes.

• MSEX has a Quality Grade of D, ranking ahead of 19.68% of graded US stocks.
• MSEX's asset turnover comes in at 0.143 -- ranking 87th of 105 Utilities stocks.
• AVA, AQN, and SJW are the stocks whose asset turnover ratios are most correlated with MSEX.

The table below shows MSEX's key quality metrics over time.