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MSEX$51.78-1.43%
Fair $51.78+0.0%

MSEX

Middlesex Water Company

Utilities / Utilities - Regulated WaterNasdaqGS

$51.78

-0.75 (-1.43%)

Fairly Valued+0.0%Fair Value $51.78Fund rank 25/100 · Data gapFallback financials|
SA 26/D
F-Score: 5/9

FCF base 3Y

n/d

n/d CAGR · yield n/d

FCF base 5Y

n/d

n/d base · n/d expected

Precio de entrada

n/d

MOS 33% · confianza 25%

FCF escenarios

weak_data · normalized FCF $-33.8M · quality 57.7/100

Data gap 25/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 28/100Data QA 20/100

Ranking barato/determinista: CAGR esperado 5Y + downside bear + calidad del modelo + balance + capital allocation + data gate. No entra en buy-candidate si la data es débil o el CAGR 5Y no compensa.

Quality + valuation scorecard

SA Score

26/100

D

Piotroski

5/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

20/100

SEC 0%

Latest source: unknownPeriods: 17Warnings: 0unknown: 17
No SEC-backed annual rows; valuation uses fallback financial data. Insufficient audited annual history (<3 SEC-backed years); composite fair value and forward targets are disabled until manually verified.
Thesis & Journal · MSEXLocal privado en este navegador · Middlesex Water Company
Plantilla tipo buy-side: tesis, bull/base/bear, catalizadores, riesgos, kill criteria y fecha de revisión. Esto no gasta GPT-5.5; luego lo usamos como contexto del memo.

Sin guardar todavía.

Market Cap

$964M

P/E

21.6x

↑

EV/EBITDA

14.3x

↑

ROE

8.6%

↑

Gross Margin

53.1%

↑

Debt/Equity

0.84

↑
52-Week Range$52
$44$62

TradingView lightweight chart

MSEX price, volumen y niveles de valoración

Último $51.78Periodo +228.8%
Fair value: $51.78

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2009–2025 · 16 años de histórico normalizado

Revenue CAGR

—

FCF CAGR

—

FCF margin

-17.3%

FCF / Net income

-0.79x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $194.7M · net income $42.8M · FCF $-33.8M

2009-FY → 2025-FY

Gross margin

53.1%— pts

Operating margin

27.9%— pts

Net margin

22.0%— pts

FCF margin

-17.3%— pts
MetricTTM
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
Income Statement
Revenue$194.7M$194.7M$191.9M$166.3M$162.4M—————————————
Net Income$42.8M$42.8M$44.4M$31.5M$42.4M$36.5M$38.4M$33.9M$32.5M$22.8M$22.7M$20.0M$18.4M$16.6M$14.4M$13.4M$14.3M$10.0M
EBITDA$94.4M$94.4M$92.1M$72.7M$80.2M$60.0M$58.3M$52.8M$52.9M$52.6M$53.8M$48.9M$46.6M$42.8M$38.9M$34.6M$36.6M$29.4M
EPS2.362.362.471.762.392.072.182.011.961.381.381.221.131.030.900.840.960.72
Gross Margin53.1%53.1%51.9%50.0%51.3%—————————————
Operating Margin27.9%27.9%27.7%23.6%25.9%—————————————
Net Margin22.0%22.0%23.1%19.0%26.1%—————————————
Balance Sheet
Debt/Equity0.840.840.860.970.910.830.79——————0.400.42———
Current Ratio0.390.39————————————————
Cash Flow
Free Cash Flow$-33.8M$-33.8M$-15.9M$-37.4M$-30.0M$-46.4M$-52.3M———————————
Returns
ROE8.6%8.6%9.9%7.4%10.5%9.9%11.1%——————5.2%4.5%———
Valuation
P/E21.5721.5720.9434.6133.48—————————————
EV/EBITDA14.3314.3314.2320.5822.19—————————————
P/B1.901.902.082.563.52—————————————
Growth & Yield
Revenue Growth1.5%1.5%15.4%2.4%——————————————
EPS Growth-4.5%-4.5%40.3%-26.4%—-5.0%8.5%2.6%42.0%0.0%13.1%8.0%9.7%14.4%7.1%-12.5%33.3%—
Dividend Yield2.7%2.7%————————————————

Revenue, Net Income & Free Cash Flow ($B)

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%

3Y implied EPS CAGR

24.9%

exigente

EPS terminal req.

$4.59

Spread vs growth

-29.3%

5Y implied EPS CAGR

18.7%

exigente

EPS terminal req.

$5.56

Spread vs growth

-23.1%

10Y implied EPS CAGR

14.3%

razonable

EPS terminal req.

$8.95

Spread vs growth

-18.7%

Qué te dice: cuánto EPS CAGR está descontando el precio si sales al múltiplo terminal indicado. Si el growth observado queda por debajo, el mercado está pidiendo una ejecución muy fina.

Return attribution · 1Y approxreconcilia total -7.9%

Total return

-7.9%

Start / end P/E

23.5x → 21.9x

EPS bridge

2.47 → 2.36

Residual

+0.3%

EPS growth-4.5%
Multiple rerating-6.5%
Dividend+2.7%
Residual / FX / buybacks / cross-term+0.3%

Simple additive decomposition: total return = EPS growth contribution + P/E multiple contribution + dividend contribution + explicit residual. The residual captures cross-terms, buybacks/share-count effects, FX, special dividends, data noise and methodology mismatch so the bridge always reconciles.