Artesian Resources Intrinsic Value Calculation – ARTESIAN RESOURCES Reports Second Quarter FY2023 Earnings Results
August 20, 2023
🌥️Earnings Overview
For the second quarter of FY2023, ARTESIAN RESOURCES ($NASDAQ:ARTNA)’ total revenue was USD 25.2 million, representing a 1.0% increase from the same time last year. Nevertheless, net income dropped 12.1% from the previous year to USD 4.4 million. The results were reported for the quarter ending June 30 2023.
Share Price
On Tuesday, ARTESIAN RESOURCES reported their second quarter FY2023 earnings results. The stock opened at $45.9 and closed at $45.5, down by 0.7% from previous closing price of 45.8. This is an increase of 3% year-over-year. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Artesian Resources. More…
| Total Revenues | Net Income | Net Margin |
| 99.44 | 16.62 | 15.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Artesian Resources. More…
| Operations | Investing | Financing |
| 25.9 | -57.44 | 37.25 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Artesian Resources. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 750.12 | 522.85 | 22.12 |
Key Ratios Snapshot
Some of the financial key ratios for Artesian Resources are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.3% | 2.2% | 31.7% |
| FCF Margin | ROE | ROA |
| -31.8% | 9.5% | 2.6% |
Analysis – Artesian Resources Intrinsic Value Calculation
We at GoodWhale recently conducted an analysis of ARTESIAN RESOURCES‘s wellbeing. Our proprietary Valuation Line calculated the intrinsic value of ARTESIAN RESOURCES share to be around $47.6. Currently, the stock is trading at $45.5, meaning it is undervalued by 4.3%. This may be a good opportunity for investors interested in taking advantage of the fair price available for ARTESIAN RESOURCES. More…
Peers
Artesian Resources Corp. is one of the leading water utilities companies in the United States. The company is engaged in the business of providing water and wastewater services to residential and commercial customers in Delaware, Maryland and Pennsylvania. Artesian Resources competes with American Water Works Co Inc, The York Water Co, and Thu Duc Water.
– American Water Works Co Inc ($NYSE:AWK)
American Water Works Company, Inc. is the largest and most geographically diverse publicly traded U.S. water and wastewater utility company. With headquarters in Voorhees, N.J., the company employs more than 7,000 dedicated professionals who provide regulated and market-based drinking water, wastewater and other related services to an estimated 15 million people in 47 states and Ontario, Canada. Through its subsidiaries, American Water provides a comprehensive suite of services that includes water and wastewater operations and maintenance, equipment sales and services, water treatment and analytical testing, smart meter data services, and backflow prevention. The company also offers non-utility drinking water and wastewater treatment services to governmental and commercial customers.
– The York Water Co ($NASDAQ:YORW)
The York Water Company is a water utility that serves customers in south central Pennsylvania and northern Maryland. The company has a market capitalization of $602.91 million as of 2022 and a return on equity of 8.18%. The company is committed to providing safe, reliable, and affordable water and wastewater services to its customers. The company also works to protect and enhance the quality of the environment.
Summary
Artesian Resources reported its second quarter financials for FY2023, ending on June 30 2023. Revenue of USD 25.2 million was slightly up from the same period in the previous year.
However, net income declined by 12.1%, indicating that the company may have suffered from the effects of the pandemic. Investing in Artesian Resources requires further research into their performance and financials to evaluate whether they provide a viable investment opportunity. Looking at their earnings might provide an indication of how their business has been affected by the pandemic. By understanding their financial position, potential investors will be able to make informed decisions about buying or selling shares in the company.
