Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Mode

Ticker

Industry

Sector

Artesian Resources Corporation (ARTNA)

Company Dividend Discount ModelIndustry: Regulated WaterSector: Utilities

Valuation Snapshot

Stable Growth$38.99 - $80.89$54.92
Multi-Stage$41.55 - $45.45$43.46
Blended Fair Value$49.19
Current Price$32.60
Upside50.89%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS5.93%4.93%1.181.091.000.950.910.880.860.820.790.76
YoY Growth--8.24%8.94%5.02%4.80%2.78%3.44%3.80%3.86%4.72%3.83%
Dividend Yield--3.62%2.96%1.81%1.96%2.31%2.37%2.36%2.26%2.44%2.71%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)22.53
(-) Cash Dividends Paid (M)12.55
(=) Cash Retained (M)9.99
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)4.512.821.69
Cash Retained (M)9.999.999.99
(-) Cash Required (M)-4.51-2.82-1.69
(=) Excess Retained (M)5.487.178.30
(/) Shares Outstanding (M)10.3110.3110.31
(=) Excess Retained per Share0.530.700.80
LTM Dividend per Share1.221.221.22
(+) Excess Retained per Share0.530.700.80
(=) Adjusted Dividend1.751.912.02
WACC / Discount Rate7.88%7.88%7.88%
Growth Rate3.25%4.25%5.25%
Fair Value$38.99$54.92$80.89
Upside / Downside19.60%68.46%148.13%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)22.5323.4924.4925.5326.6127.7428.57
Payout Ratio55.68%62.54%69.41%76.27%83.14%90.00%92.50%
Projected Dividends (M)12.5514.6917.0019.4722.1224.9726.43

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.88%7.88%7.88%
Growth Rate3.25%4.25%5.25%
Year 1 PV (M)13.4913.6213.75
Year 2 PV (M)14.3214.6014.89
Year 3 PV (M)15.0715.5115.96
Year 4 PV (M)15.7216.3316.97
Year 5 PV (M)16.2817.0917.92
PV of Terminal Value (M)353.41370.86388.99
Equity Value (M)428.29448.01468.48
Shares Outstanding (M)10.3110.3110.31
Fair Value$41.55$43.46$45.45
Upside / Downside27.45%33.32%39.41%

High-Yield Dividend Screener

« Prev Page 145 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
IDOX.LIDOX plc0.02%$0.0150.94%
ILX.TAIlex Medical Ltd0.02%$1.2231.27%
INFY.BOInfosys Limited0.02%$0.3342.41%
INRM.TAInrom Construction Industries Ltd0.02%$0.4749.66%
ISRA.TAIsramco Negev 2 Limited Partnership0.02%$0.0497.36%
ITCONS.BOITCONS E-Solutions Limited0.02%$0.071.26%
JAM.LJPMorgan American Investment Trust plc0.02%$0.186.28%
JDW.LJ D Wetherspoon plc0.02%$0.1616.66%
JEDT.LJPMorgan European Discovery Trust plc0.02%$0.135.61%
JET2.LJet2 plc0.02%$0.286.04%
JFJ.LJPMorgan Japanese Investment Trust plc0.02%$0.1311.34%
JMG.LJPMorgan Emerging Markets Investment Trust plc0.02%$0.0324.75%
JUST.LJust Group plc0.02%$0.0531.20%
KST.JOPSG Financial Services Limited0.02%$0.6330.54%
LAHAV.TALahav LR Real Estate Ltd0.02%$0.1934.49%
LSEG.LLondon Stock Exchange Group plc0.02%$1.5850.21%
LVPR.TALevinstein Properties Ltd0.02%$1.7568.70%
MANRIN.BKMandarin Hotel Public Company Limited0.02%$0.010.37%
MAXO.TAMax Stock Ltd.0.02%$0.5063.44%
MGOR.TAMega Or Holdings Ltd0.02%$4.4917.11%
MKS.LMarks and Spencer Group plc0.02%$0.0625.23%
MLSR.TAMelisron Ltd.0.02%$7.5522.83%
MTAV.TAMeitav Investment House Ltd0.02%$1.8343.24%
NAVF.LNippon Active Value Fund plc0.02%$0.045.88%
NKT.CONKT A/S0.02%$0.194.91%
NPH.JONortham Platinum Holdings Limited0.02%$7.7893.19%
OTB.LOn the Beach Group plc0.02%$0.0429.63%
RNK.LThe Rank Group Plc0.02%$0.0112.30%
RVL.TARaval ACS Ltd.0.02%$0.0566.35%
SADG.OLSandnes Sparebank0.02%$0.020.12%
SANO1.TASano Bruno's Enterprises Ltd0.02%$10.5044.44%
SBP.JOSabvest Capital Limited0.02%$1.907.91%
SEPL.LSeplat Energy Plc0.02%$0.0727.68%
SSL.AXSietel Limited0.02%$0.000.41%
TRB.LTribal Group plc0.02%$0.0127.73%
VAPORES.SNCompañía Sud Americana de Vapores S.A.0.02%$0.0160.95%
VLX.LVolex plc0.02%$0.0918.81%
WIREFABR.BOWires and Fabriks (S.A.) Limited0.02%$0.030.59%
YHNF.TAM.Yochananof and Sons (1988) Ltd0.02%$7.2652.50%
000970.KSKorea Cast Iron Pipe Ind. Co., Ltd.0.01%$0.400.06%
001316.SZLubair Aviation Technology0.01%$0.000.14%
002093.SZGuomai Technologies, Inc.0.01%$0.000.33%
002235.SZXiamen anne co.ltd0.01%$0.0030.02%
002263.SZZhejiang Great Southeast Corp.Ltd0.01%$0.001.53%
002437.SZHarbin Gloria Pharmaceuticals Co., Ltd0.01%$0.000.23%
002629.SZZhejiang Renzhi Co., Ltd.0.01%$0.004.58%
002767.SZHangzhou Innover Technology Co., Ltd.0.01%$0.000.54%
002983.SZAnhui Coreach Technology Co.,Ltd0.01%$0.000.29%
112040.KQWemade Co.,Ltd.0.01%$1.780.03%
2101.HKFulu Holdings Limited0.01%$0.000.40%