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Middlesex Water Company
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Fundamentals
Gross margin | 45.98% |
Operating margin | 27.93% |
Pretax margin | 24.47% |
Net margin | 21.99% |
Effective tax rate | 10.12% |
ROA | 3.14% |
ROE | 9.08% |
D/E | 0.85x |
Interest coverage ratio | 3.80x |
MSEX valuation
P/E | 21.69x |
P/S | 4.93x |
P/B | 1.92x |
P/CF | 15.23x |
P/FCF | 50.57x |
P/OCF | 15.23x |
PEG | 0.01x |
EV multiple | 5.75x |
About
Middlesex Water Company primarily delivers vital water and wastewater utility services, structured around two key business units. Its regulated operations are dedicated to the acquisition, treatment, and distribution of water to a broad spectrum of retail and wholesale clients, including residential, commercial, industrial, and fire protection users. This division also oversees regulated wastewater systems in both New Jersey and Delaware.
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