Stock AnalizMiddlesex Water Co. MSEX
Water Supply · data as of November 13, 2026
Middlesex Water Co. (MSEX) is a utility company listed in the US with a market value of about $1.1B. In the twelve months to September 30, 2026 it had revenue of $212M and net income of $52M, a net margin of 24.5%.
Its overall Stock Analiz score is 1.8 out of 5 (weak). The strongest part is value (3/5); the weakest is financial health (0/5).
Key numbers: a P/E of 20.7, 5-year revenue growth of 7% a year, a 5-year average ROIC of 5%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 29% below the current price.
Score: 1.8 / 5
Checks passed
- P/E below 25
- P/E below the industry median
- PEG below 1.5
- Profit margin improving
- 5-year EPS growth above 10% a year
- Profitable 5 years in a row
- Pays a dividend
- Dividend 3 years in a row
Checks not passed
- P/FCF below 20
- Price below intrinsic value (DCF, moderate assumptions)
- Revenue growth above 10% last year
- 3-year revenue growth above 10% a year
- 3-year free cash flow growth above 10% a year
- Strong R&D investment or growth above 20%
- 5-year revenue growth above 8% a year
- 5-year average ROIC above 12%
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $212M | $195M | $192M | $166M | $162M | $143M | $141M | $134M | $138M | $131M | $133M |
| Net income | $52M | $43M | $44M | $32M | $42M | $37M | $38M | $34M | $32M | $23M | $23M |
| Free cash flow | -$39M | — | -$16M | -$37M | -$30M | -$46M | -$52M | — | — | — | — |
| EPS (diluted) | $2.77 | $2.36 | $2.47 | $1.76 | $2.39 | $0.00 | $0.00 | $2.01 | $0.00 | $1.38 | $1.38 |
| Net margin | 24.5% | 22.0% | 23.1% | 19.0% | 26.1% | 25.6% | 27.2% | 25.2% | 23.5% | 17.5% | 17.1% |
| ROIC | — | 5.5% | 5.7% | 3.3% | 6.2% | 3.9% | 4.7% | — | — | — | — |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 2 analysts is $61.00, 6% above the current price; targets range from $58.00 to $64.00; the consensus rating is “Buy”; expected EPS is $2.78 for the fiscal year ending December 31, 2026.
Frequently asked questions
What is Middlesex Water’s P/E ratio?
About 20.7, based on the last twelve months of diluted earnings per share (forward P/E about 23.1).
Is Middlesex Water stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 29% below the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Middlesex Water pay a dividend?
Yes. The dividend yield is about 2.48%, and it has paid dividends for 10 years in our data.
Is Middlesex Water a good stock to buy?
We do not give buy or sell advice. Middlesex Water scores 1.8 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
Similar companies
Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.