Consolidated Water Co. Ltd. (CWCO) vs Middlesex Water Company (MSEX)

Consolidated Water Co. Ltd. and Middlesex Water Company are both Utilities Regulated Water companies. Middlesex Water Company is the larger, with a market value of $997.0M against $446.9M — 2.2× the size. Middlesex Water Company trades at the lower P/E: 20.6× against 27.0×. Middlesex Water Company grew revenue faster over the last twelve months: 5.26% against −1.16%. Middlesex Water Company has the higher net margin (23.2% vs 12.6%) and the lower return on invested capital (4.08% vs 9.94%). Both pay a dividend; Middlesex Water Company yields more (2.25% vs 1.20%). Across the 22 metrics below, Consolidated Water Co. Ltd. leads on 12 and Middlesex Water Company on 10.

Valuation

Metric CWCO MSEX Utilities Regulated Water median
P/E 27.03 20.57 20.64
P/S 3.49 4.83 4.37
P/B 1.93 1.91 1.91
Price to free cash flow 14.68 n/m —
EV/EBITDA 13.37 15.13 14.48
EV/Sales 2.45 6.78 6.20
Earnings yield 3.70% 4.86% 4.83%
Free cash flow yield 6.81% (4.07%) (4.54%)

Profitability

Metric CWCO MSEX Utilities Regulated Water median
Gross margin 35.36% 100.00% 71.91%
Operating margin 12.26% 29.22% 29.22%
Net margin 12.64% 23.22% 20.19%
Free cash flow margin 23.80% (19.67%) (19.49%)
Return on equity 7.12% 9.78% 9.00%
Return on assets 6.20% 3.50% 3.21%
Return on invested capital 9.94% 4.08% 4.08%

Growth

Metric CWCO MSEX Utilities Regulated Water median
Revenue growth (TTM) (1.16%) 5.26% 6.92%
EPS growth (last fiscal year) (35.59%) (4.45%) —
Revenue growth, 5-year CAGR 12.70% 6.58% 7.24%
Net income growth, 5-year CAGR 37.70% 2.22% 9.40%

Health

Metric CWCO MSEX Utilities Regulated Water median
Debt to equity 0.00 0.77 0.93
Current ratio 5.95 0.50 1.01
Net debt to EBITDA (4.76) 4.42 4.42

Dividend

Metric CWCO MSEX Utilities Regulated Water median
Dividend yield 1.20% 2.25% 2.27%
Payout ratio 0.36 0.59 0.55

Size

Metric CWCO MSEX Utilities Regulated Water median
Market cap 446.92m 997.03m 997.03m

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack