Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker

Industry

Sector

Artesian Resources Corporation (ARTNA)

Company Dividend Discount ModelIndustry: Regulated WaterSector: Utilities

Valuation Snapshot

Stable Growth$51.61 - $142.02$79.81
Multi-Stage$54.57 - $59.78$57.13
Blended Fair Value$68.47
Current Price$32.60
Upside110.02%
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 Rate6.75%6.75%6.75%
Growth Rate3.25%4.25%5.25%
Fair Value$51.61$79.81$142.02
Upside / Downside58.31%144.80%335.64%

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 Rate6.75%6.75%6.75%
Growth Rate3.25%4.25%5.25%
Year 1 PV (M)13.6313.7613.89
Year 2 PV (M)14.6314.9215.20
Year 3 PV (M)15.5516.0116.47
Year 4 PV (M)16.3917.0417.70
Year 5 PV (M)17.1718.0118.89
PV of Terminal Value (M)485.19509.14534.04
Equity Value (M)562.56588.88616.20
Shares Outstanding (M)10.3110.3110.31
Fair Value$54.57$57.13$59.78
Upside / Downside67.41%75.24%83.37%

High-Yield Dividend Screener

« Prev Page 59 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
QFBQ.QALesha Bank L.L.C2.69%$0.0532.62%
002442.SZLongxing Chemical Stock Co., Ltd.2.68%$0.1799.79%
016800.KSFursys Inc.2.68%$1,200.1730.47%
265520.KQAdvanced Process Systems Corporation2.68%$538.1030.22%
300896.SZImeik Technology Development Co.,Ltd.2.68%$3.8078.17%
3123.TSaibo Co., Ltd.2.68%$16.1426.87%
9057.TEnshu Truck Co.,Ltd.2.68%$96.0831.06%
CHC.AXCharter Hall Group2.68%$0.6553.83%
IFT.AXInfratil Limited2.68%$0.2647.86%
KRZ.IRKerry Group plc2.68%$2.0427.68%
MGH.AXMAAS Group Holdings Limited2.68%$0.1537.02%
NOANorth American Construction Group Ltd.2.68%$0.3932.95%
U06.SISingapore Land Group Limited2.68%$0.0924.45%
000089.SZShenzhen Airport Co., Ltd.2.67%$0.1965.57%
000830.SZLuxi Chemical Group Co., Ltd.2.67%$0.4457.18%
005820.KSWonlim Corporation2.67%$399.8822.01%
007980.KSTP Inc.2.67%$51.627.46%
049800.KSWoojin Plaimm Co., Ltd.2.67%$50.6726.03%
300009.SZAnhui Anke Biotechnology (Group) Co., Ltd.2.67%$0.2662.51%
6220.TWOYFC-Boneagle Electric Co., Ltd.2.67%$0.6989.25%
002753.SZShanxi Yongdong Chemistry Industry Co., Ltd.2.66%$0.1990.03%
011200.KSHMM Co.,Ltd2.66%$537.6722.84%
014830.KSUNID Company Ltd.2.66%$1,782.2616.95%
023450.KSDongnam Chemical Co., Ltd.2.66%$914.8545.96%
210540.KSDY Power Corporation2.66%$350.1314.53%
600729.SSChongqing Department Store Co.,Ltd.2.66%$0.6921.76%
7282.TToyoda Gosei Co., Ltd.2.66%$104.8829.11%
7989.TTachikawa Corporation2.66%$52.4433.02%
9699.TNishio Rent All Co., Ltd.2.66%$125.9628.89%
069730.KSDSR Wire Corp2.65%$99.936.22%
118990.KQMotrex Co., Ltd2.65%$249.2535.67%
OLGERD.ICÖlgerðin Egill Skallagrímsson hf.2.65%$0.4862.79%
084010.KSDaehan Steel Co., Ltd.2.64%$516.5429.55%
0DH7.LAF Gruppen ASA2.64%$4.9752.35%
1504.TWTECO Electric & Machinery Co., Ltd.2.64%$2.2387.91%
2587.TSuntory Beverage & Food Limited2.64%$125.0045.12%
6922.TWONeousys Technology Inc.2.64%$4.5461.30%
SHR.BKS Hotels and Resorts Public Company Limited2.64%$0.0533.96%
002871.SZQingdao Weflo Valve Co., Ltd.2.63%$0.4779.89%
600918.SSZhongtai Securities Co., Ltd.2.63%$0.1768.20%
8572.TAcom Co., Ltd.2.63%$13.0038.71%
LIAB.STLindab International AB (publ)2.63%$5.4076.19%
MYOR.JKPT Mayora Indah Tbk2.63%$57.3845.12%
002443.SZZhejiang Kingland Pipeline and Technologies Co.,Ltd.2.62%$0.2164.11%
039490.KSKiwoom Securities Co., Ltd.2.62%$7,904.3320.30%
155660.KSDSR Corp2.62%$100.1511.70%
4263.SRSAL Saudi Logistics Services Co2.62%$4.2355.27%
AFK.OLArendals Fossekompani ASA2.62%$3.525.05%
INSTAL.STInstalco AB (publ)2.62%$0.6865.47%
000048.SZShenzhen Kingkey Smart Agriculture Times Co.,Ltd2.61%$0.4658.98%