Middlesex Water Stock Fair Value Calculator – Middlesex Water Company CEO Dennis Doll to Step Down After Successful Tenure
June 23, 2023
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Under Doll’s leadership, Middlesex Water ($NASDAQ:MSEX) has expanded its customer base and increased its rate of customer satisfaction.
Additionally, Doll has overseen a number of successful projects that have improved water quality and reliability for customers. These projects include the installation of advanced water meters and installation of a new pumping station in order to increase water pressure in certain areas. Doll’s departure will come following a period of strong performance for the company. The Board of Directors of Middlesex Water has already begun the process of selecting a new CEO who will continue the company’s focus on improving customer service and expanding its reach. Doll’s replacement is expected to be announced in the coming months.
Share Price
On Wednesday, Middlesex Water Company made a significant announcement that its CEO Dennis Doll is stepping down from his position after a successful tenure. The announcement sent positive signals to investors and MIDDLESEX WATER stock opened at $73.1 and closed at $75.0, up by 2.7% from last closing price of 73.0. This marks a significant success for the company under Doll’s leadership.
The stock performance over the past few years have been remarkable, showing the trust that investors have placed in the company and its CEO. Doll has achieved a lot during his tenure and the board of directors is confident that this success can be sustained in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Middlesex Water. More…
| Total Revenues | Net Income | Net Margin |
| 164.39 | 36.08 | 20.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Middlesex Water. More…
| Operations | Investing | Financing |
| 63.36 | -99.22 | 37.43 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Middlesex Water. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.1k | 693.48 | 22.94 |
Key Ratios Snapshot
Some of the financial key ratios for Middlesex Water are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.6% | 6.5% | 30.4% |
| FCF Margin | ROE | ROA |
| -21.8% | 7.7% | 2.8% |
Analysis – Middlesex Water Stock Fair Value Calculator
At GoodWhale, we have conducted a thorough analysis of MIDDLESEX WATER’s financials in order to come up with our valuation of their stock. Our proprietary Valuation Line calculated the fair value of MIDDLESEX WATER share to be around $93.7. We believe that there is potential for investors to benefit from this discrepancy between the fair value and the market price. More…
Peers
The company’s competitors include Artesian Resources Corp, The York Water Co, and American Water Works Co Inc.
– Artesian Resources Corp ($NASDAQ:ARTNA)
Artesian Resources Corp is a water utility company that serves the greater Baltimore and Wilmington areas. The company has a market cap of 494.09M as of 2022 and a Return on Equity of 10.87%. The company is engaged in the business of providing water and wastewater services to residential, commercial, and industrial customers.
– The York Water Co ($NASDAQ:YORW)
The York Water Company, founded in 1816, is the oldest investor-owned water utility in the United States. It is a water and wastewater utility company that serves approximately 70,000 customers in south central Pennsylvania. The company’s market capitalization is $634.16 million as of 2022, and its return on equity is 8.18%. The York Water Company is committed to providing safe, reliable, and affordable water and wastewater services to its customers.
– American Water Works Co Inc ($NYSE:AWK)
American Water Works Company, Inc. is the largest investor-owned water and wastewater utility company in the United States, based on operated revenue. The company provides water and wastewater services to an estimated 14 million people in 46 states. It has approximately 7,100 employees and operates 86 utility subsidiaries. The company’s headquarters is in Camden, New Jersey.
American Water Works Company’s market capitalization is $25.28 billion as of 2022. The company’s return on equity is 17.48%.
American Water Works Company provides water and wastewater services to residential, commercial, and industrial customers in the United States. The company also supplies water to public utilities and municipalities. In addition, it engages in the wastewater treatment, desalination, and water reuse businesses.
Summary
Dennis Doll, CEO of Middlesex Water Company (MSEX) announced his retirement plans recently. This could be a potential opportunity for investors interested in this water utility company. Middlesex Water Company provides water, wastewater and related services in New Jersey and Delaware.
Middlesex Water Company is expected to benefit from the growing demand for water services in the region and increasing rate tariffs. Investors should consider investing in the company as it has sound fundamentals and potential for long-term growth.
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