Artesian Resources Corporation (ARTNA) vs The York Water Company (YORW)

Artesian Resources Corporation and The York Water Company are both Utilities Regulated Water companies. The York Water Company is the larger, with a market value of $499.0M against $344.3M — 1.4× the size. Artesian Resources Corporation trades at the lower P/E: 14.5× against 19.2×. The York Water Company grew revenue faster over the last twelve months: 9.43% against 5.90%. The York Water Company has the higher net margin (28.5% vs 20.2%) and the lower return on invested capital (3.94% vs 4.24%). Both pay a dividend; Artesian Resources Corporation yields more (4.00% vs 2.27%). Across the 21 metrics below, Artesian Resources Corporation leads on 13 and The York Water Company on 8.

Valuation

Metric ARTNA YORW Utilities Regulated Water median
P/E 14.46 19.24 20.64
P/S 2.94 5.90 4.37
P/B 1.34 1.67 1.91
Price to free cash flow n/m n/m —
EV/EBITDA 12.25 15.14 14.48
EV/Sales 4.43 8.17 6.20
Earnings yield 6.92% 5.20% 4.83%
Free cash flow yield (5.26%) (2.87%) (4.54%)

Profitability

Metric ARTNA YORW Utilities Regulated Water median
Gross margin 100.00% 100.00% 71.91%
Operating margin 25.03% 36.56% 29.22%
Net margin 20.19% 28.53% 20.19%
Free cash flow margin (15.44%) (16.96%) (19.49%)
Return on equity 9.42% 9.00% 9.00%
Return on assets 2.77% 3.51% 3.21%
Return on invested capital 4.24% 3.94% 4.08%

Growth

Metric ARTNA YORW Utilities Regulated Water median
Revenue growth (TTM) 5.90% 9.43% 6.92%
EPS growth (last fiscal year) 11.62% (2.11%) —
Revenue growth, 5-year CAGR 5.08% 7.55% 7.24%
Net income growth, 5-year CAGR 6.30% 3.86% 9.40%

Health

Metric ARTNA YORW Utilities Regulated Water median
Debt to equity 0.72 0.64 0.93
Current ratio 1.01 1.05 1.01
Net debt to EBITDA 4.34 5.54 4.42

Dividend

Metric ARTNA YORW Utilities Regulated Water median
Dividend yield 4.00% 2.27% 2.27%
Payout ratio 0.64 0.55 0.55

Size

Metric ARTNA YORW Utilities Regulated Water median
Market cap 344.27m 498.95m 997.03m

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