$337.3 M

ARTNA Mkt cap, 09-Nov-2018

$21.9 M

Artesian Resources Revenue Q3, 2018
Artesian Resources EBIT (Q3, 2018)5.2 M
Artesian Resources Cash, 30-Sep-2018233 K
Artesian Resources EV450.4 M

Artesian Resources Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

69.1m72.5m77.0m79.1m82.2m

Revenue growth, %

5%6%3%

Operating expense total

54.6m59.4m60.3m62.6m

Depreciation and amortization

8.3m8.8m9.2m9.6m

EBIT

14.5m16.0m17.6m18.8m19.6m

EBIT margin, %

21%22%23%24%24%

Net Income

8.3m9.5m11.3m13.0m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

18.1m16.9m17.9m19.6m18.0m19.5m20.8m18.4m19.4m21.8m19.2m20.5m22.4m18.9m20.2m21.9m

Operating expense total

13.7m13.8m14.2m14.3m14.3m14.6m15.4m14.6m14.7m15.9m15.2m15.5m16.9m14.9m15.0m16.7m

Depreciation and amortization

2.1m2.1m2.2m2.3m2.2m2.2m2.3m2.2m2.3m2.3m2.3m2.4m2.6m2.5m2.5m

EBIT

4.3m3.1m3.6m5.3m3.7m5.0m5.4m3.9m4.7m5.9m4.0m5.0m5.5m4.0m5.2m5.2m

EBIT margin, %

24%19%20%27%20%26%26%21%24%27%21%24%24%21%26%24%

Net Income

2.6m2.1m2.0m3.3m2.5m3.2m3.7m2.8m3.0m

Artesian Resources Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

422.0k243.0k209.0k226.0k952.0k

Accounts Receivable

5.1m5.1m6.4m7.8m8.9m

Inventories

1.5m1.9m1.7m1.6m1.5m

Current Assets

13.3m16.6m14.4m14.6m19.0m

Total Assets

403.8m422.2m431.6m451.0m494.6m

Accounts Payable

4.1m3.8m4.9m5.5m8.9m

Short-term debt

1.1m1.2m1.3m1.3m1.3m

Current Liabilities

25.6m30.2m23.2m19.3m28.5m

Long-term debt

105.5m105.0m103.6m102.3m105.6m

Total Debt

106.6m106.2m104.9m103.6m106.9m

Common Stock

8.8m8.9m9.1m9.1m9.2m

Preferred Stock

Additional Paid-in Capital

90.8m92.5m95.6m97.5m99.5m

Retained Earnings

22.2m24.1m27.6m32.4m37.9m

Total Equity

121.8m125.6m132.3m139.0m146.6m

Debt to Equity Ratio

0.9 x0.8 x0.8 x0.7 x0.7 x

Debt to Assets Ratio

0.3 x0.3 x0.2 x0.2 x0.2 x

Financial Leverage

3.3 x3.4 x3.3 x3.2 x3.4 x

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

577.0k451.0k394.0k203.0k353.0k360.0k525.0k511.0k223.0k244.0k209.0k303.0k250.0k293.0k216.0k233.0k

Accounts Receivable

5.9m4.9m5.5m5.0m6.1m5.9m6.6m5.8m7.9m7.8m6.2m6.8m7.2m8.1m9.8m8.7m

Inventories

1.6m1.6m1.7m1.8m1.9m1.8m1.7m1.8m1.9m2.1m1.6m1.6m1.4m1.4m1.4m1.3m

Current Assets

14.7m12.0m12.4m14.2m14.5m13.8m15.0m12.1m14.0m15.9m12.2m12.9m16.4m14.4m16.0m18.4m

Total Assets

400.4m403.1m407.9m417.0m421.5m424.6m429.9m430.8m439.0m446.9m458.5m466.6m479.5m497.1m509.0m520.7m

Accounts Payable

3.7m3.5m3.3m3.9m3.4m2.6m3.2m3.1m3.6m4.4m4.3m3.4m5.8m4.7m5.1m5.2m

Dividends Payable

1.8m1.9m1.9m2.0m2.1m2.2m2.2m

Short-term debt

1.1m1.1m1.1m1.2m1.3m1.3m1.3m1.3m1.3m1.3m26.3m26.3m1.3m1.4m1.4m1.5m

Current Liabilities

26.4m22.6m25.9m34.2m28.2m25.7m27.3m17.4m17.5m20.9m43.0m44.2m23.2m30.3m39.3m37.2m

Long-term debt

105.7m105.5m105.5m105.3m104.6m104.3m103.9m103.3m103.0m102.6m81.5m81.3m105.9m105.2m104.9m111.8m

Total Debt

106.8m106.6m106.6m106.4m105.8m105.6m105.2m104.6m104.3m103.9m107.9m107.6m107.2m106.5m106.3m113.4m

Common Stock

8.8m8.9m8.9m8.9m8.9m8.9m9.0m9.1m9.1m9.1m9.1m9.2m9.2m9.2m9.2m9.2m

Preferred Stock

Additional Paid-in Capital

90.1m91.5m92.1m92.3m92.7m92.9m94.4m96.0m96.8m97.1m97.9m98.8m99.0m100.0m100.2m100.4m

Retained Earnings

20.6m22.4m22.5m22.0m22.8m26.1m25.8m28.5m29.5m29.7m33.4m34.5m36.4m39.2m38.7m40.4m

Total Equity

119.5m122.8m123.4m123.2m124.5m127.9m129.2m133.5m135.4m135.9m140.5m142.5m144.6m148.4m148.2m150.1m

Debt to Equity Ratio

0.9 x0.9 x0.9 x0.9 x0.8 x0.8 x0.8 x0.8 x0.8 x0.8 x0.8 x0.7 x0.7 x

Debt to Assets Ratio

0.3 x0.3 x0.3 x0.3 x0.2 x0.2 x0.2 x0.2 x0.2 x0.2 x0.2 x0.2 x0.2 x

Financial Leverage

3.4 x3.3 x3.3 x3.4 x3.4 x3.3 x3.3 x3.2 x3.2 x3.3 x3.3 x3.3 x3.3 x3.4 x3.4 x3.5 x

Artesian Resources Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

8.3m9.5m11.3m13.0m14.0m

Depreciation and Amortization

8.3m8.7m8.8m9.2m9.6m

Accounts Receivable

Inventories

(132.0k)(405.0k)177.0k149.0k45.0k

Accounts Payable

641.0k(357.0k)1.1m618.0k3.3m

Cash From Operating Activities

21.0m18.3m28.3m29.8m35.8m

Cash From Investing Activities

(21.2m)(23.7m)(20.6m)(28.2m)(41.0m)

Dividends Paid

(7.2m)(7.5m)(7.8m)(8.2m)(8.5m)

Cash From Financing Activities

(62.0k)5.2m(7.7m)(1.6m)6.0m

Interest Paid

7.1m7.0m7.4m6.7m5.4m

Income Taxes Paid

2.0m1.6m2.6m1.4m1.3m

Free Cash Flow

(166.0k)42.1m7.6m1.5m(5.3m)

Artesian Resources Ratios

USDY, 2018

EV/EBIT

85.9 x

EV/CFO

21.4 x

EV/FCF

-32.4 x

Financial Leverage

3.5 x
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Artesian Resources Employee Rating

2.55 votes
Culture & Values
2.2
Work/Life Balance
2.8
Senior Management
2.3
Salary & Benefits
3.2
Career Opportunities
1.8
Source