Middlesex Water Company (MSEX) vs Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (SBS)

Middlesex Water Company and Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp are both Utilities Regulated Water companies. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp is the larger, with a market value of $18.1B against $997.0M — 18.1× the size. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp trades at the lower P/E: 13.2× against 20.6×. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp grew revenue faster over the last twelve months: 7.82% against 5.26%. Middlesex Water Company has the higher net margin (23.2% vs 19.3%) and the lower return on invested capital (4.08% vs 9.24%). Both pay a dividend; Middlesex Water Company yields more (2.25% vs 1.54%). Across the 22 metrics below, Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp leads on 15 and Middlesex Water Company on 7.

Valuation

Metric MSEX SBS Utilities Regulated Water median
P/E 20.57 13.15 20.64
P/S 4.83 2.50 4.37
P/B 1.91 2.01 1.91
Price to free cash flow n/m n/m —
EV/EBITDA 15.13 8.81 14.48
EV/Sales 6.78 3.44 6.20
Earnings yield 4.86% 7.60% 4.83%
Free cash flow yield (4.07%) (13.60%) (4.54%)

Profitability

Metric MSEX SBS Utilities Regulated Water median
Gross margin 100.00% 37.83% 71.91%
Operating margin 29.22% 32.18% 29.22%
Net margin 23.22% 19.31% 20.19%
Free cash flow margin (19.67%) (9.13%) (19.49%)
Return on equity 9.78% 17.65% 9.00%
Return on assets 3.50% 7.21% 3.21%
Return on invested capital 4.08% 9.24% 4.08%

Growth

Metric MSEX SBS Utilities Regulated Water median
Revenue growth (TTM) 5.26% 7.82% 6.92%
EPS growth (last fiscal year) (4.45%) (82.46%) —
Revenue growth, 5-year CAGR 6.58% 14.59% 7.24%
Net income growth, 5-year CAGR 2.22% 51.67% 9.40%

Health

Metric MSEX SBS Utilities Regulated Water median
Debt to equity 0.77 1.14 0.93
Current ratio 0.50 1.47 1.01
Net debt to EBITDA 4.42 1.87 4.42

Dividend

Metric MSEX SBS Utilities Regulated Water median
Dividend yield 2.25% 1.54% 2.27%
Payout ratio 0.59 0.28 0.55

Size

Metric MSEX SBS Utilities Regulated Water median
Market cap 997.03m 18.06b 997.03m

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