Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Middlesex Water Company (MSEX)

Company Dividend Discount ModelIndustry: Regulated WaterSector: Utilities

Valuation Snapshot

Stable Growth$108.94 - $474.29$262.20
Multi-Stage$58.38 - $63.81$61.04
Blended Fair Value$161.62
Current Price$54.12
Upside198.63%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS7.69%6.71%1.301.251.161.081.010.900.830.780.730.70
YoY Growth--4.31%7.84%7.42%6.57%12.45%8.27%6.63%6.58%4.65%2.63%
Dividend Yield--2.03%2.43%1.48%1.02%1.28%1.49%1.51%2.12%1.97%2.26%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)43.02
(-) Cash Dividends Paid (M)24.39
(=) Cash Retained (M)18.63
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)8.605.383.23
Cash Retained (M)18.6318.6318.63
(-) Cash Required (M)-8.60-5.38-3.23
(=) Excess Retained (M)10.0313.2515.40
(/) Shares Outstanding (M)18.0118.0118.01
(=) Excess Retained per Share0.560.740.86
LTM Dividend per Share1.351.351.35
(+) Excess Retained per Share0.560.740.86
(=) Adjusted Dividend1.912.092.21
WACC / Discount Rate7.20%7.20%7.20%
Growth Rate5.35%6.35%7.35%
Fair Value$108.94$262.20$474.29
Upside / Downside101.29%384.47%776.37%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)43.0245.7548.6551.7455.0358.5260.28
Payout Ratio56.69%63.35%70.02%76.68%83.34%90.00%92.50%
Projected Dividends (M)24.3928.9834.0739.6845.8652.6755.76

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.20%7.20%7.20%
Growth Rate5.35%6.35%7.35%
Year 1 PV (M)26.7827.0427.29
Year 2 PV (M)29.0929.6530.21
Year 3 PV (M)31.3132.2133.13
Year 4 PV (M)33.4434.7336.06
Year 5 PV (M)35.4937.2138.99
PV of Terminal Value (M)895.40938.71983.69
Equity Value (M)1,051.521,099.551,149.36
Shares Outstanding (M)18.0118.0118.01
Fair Value$58.38$61.04$63.81
Upside / Downside7.86%12.79%17.90%

High-Yield Dividend Screener

« Prev Page 111 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
81299.HKAia-r0.60%$0.4443.34%
BNLI.JKPT Bank Permata Tbk0.60%$30.0029.63%
FFH.TOFairfax Financial Holdings Limited0.60%$15.517.53%
LFLO.JKPT Imago Mulia Persada Tbk0.60%$4.0028.31%
PATELSAI.BOPatels Airtemp (India) Limited0.60%$1.506.97%
RNRRenaissanceRe Holdings Ltd.0.60%$1.634.46%
000532.SZZhuhai Huajin Capital Co., Ltd.0.59%$0.1014.74%
002827.SZTibet GaoZheng Explosive Co., Ltd.0.59%$0.2237.58%
0780.HKTongcheng Travel Holdings Limited0.59%$0.1412.70%
2440.TGurunavi, Inc.0.59%$0.9658.64%
300167.SZShenzhen Division Co.,Ltd.0.59%$0.0377.39%
300241.SZShenzhen Refond Optoelectronics Co.,Ltd.0.59%$0.0359.54%
300927.SZNantong JiangTian Chemical Co., Ltd.0.59%$0.147.30%
600428.SSCOSCO SHIPPING Specialized Carriers Co.,Ltd.0.59%$0.046.88%
600629.SSArcplus Group PLC0.59%$0.1341.63%
688118.SSPrimeton Information Technologies, Inc.0.59%$0.1544.13%
7936.TASICS Corporation0.59%$22.0418.54%
9593.SRPan Gulf Marketing Co.0.59%$0.112.85%
000603.SZShengda Resources Co.,Ltd.0.58%$0.1823.98%
001239.SZXiangtan Yongda Mach Mnfg Co0.58%$0.0921.29%
002300.SZFujian Nanping Sun Cable Co., Ltd.0.58%$0.0547.47%
002492.SZZhuhai Winbase International Chemical Tank Terminal Co.,Ltd0.58%$0.0533.06%
002838.SZShandong Dawn Polymer Co.,Ltd.0.58%$0.1437.89%
301535.SZZhejiang Huayuan Auto Technology Co Ltd0.58%$0.1342.90%
600210.SSShanghai Zijiang Enterprise Group Co., Ltd.0.58%$0.045.20%
600218.SSAnhui Quanchai Engine Co., Ltd.0.58%$0.0628.92%
600628.SSShanghai New World Co., Ltd0.58%$0.0542.45%
601869.SSYangtze Optical Fibre And Cable Joint Stock Limited Company0.58%$0.6888.82%
601900.SSSouthern Publishing and Media Co.,Ltd.0.58%$0.086.09%
603093.SSNanhua Futures Co., Ltd.0.58%$0.1115.08%
6692.TWOAcmepoint Energy Services Co.,LTD0.58%$0.177.39%
8440.TWOE&E Recycling,Inc.0.58%$0.1481.09%
GSMF.JKPT Equity Development Investment Tbk0.58%$0.6523.23%
HUB.AXHUB24 Limited0.58%$0.5636.27%
MAPA.JKPT Map Aktif Adiperkasa Tbk0.58%$4.008.06%
SELEC.ISSelçuk Ecza Deposu Ticaret ve Sanayi A.S.0.58%$0.4632.67%
000400.KSLotte Non - Life Insurance Co., Ltd.0.57%$9.968.06%
003031.SZHebei Sinopack Electronic Technology Co.,Ltd.0.57%$0.4230.89%
300133.SZZhejiang Huace Film & TV Co., Ltd.0.57%$0.0535.19%
300687.SZGuangzhou Sie Consulting Co., Ltd.0.57%$0.1372.96%
300879.SZNingbo Daye Garden Machinery Co.,Ltd.0.57%$0.1728.45%
301188.SZShandong Linuo Technical Glass Co.,Ltd.0.57%$0.1050.00%
3141.TWelcia Holdings Co., Ltd.0.57%$18.1620.70%
3197.TSkylark Holdings Co., Ltd.0.57%$19.0725.19%
4577.TDaito Pharmaceutical Co.,Ltd.0.57%$7.7411.68%
600846.SSShanghai Tongji Science&Technology Industrial Co.,Ltd0.57%$0.0817.65%
601021.SSSpring Airlines Co., Ltd.0.57%$0.3416.50%
601208.SSSichuan Em Technology Co., Ltd.0.57%$0.1568.28%
603090.SSWuxi Hongsheng Heat Exchanger Manufacturing Co., Ltd.0.57%$0.3147.68%
PRINC.BKPrincipal Capital Public Company Limited0.57%$0.0113.01%