Artesian Resources (ARTNA) AI Stock Analysis

• Market Cap: $336.08M
• Dividend Yield: 3.77%
• Average Volume (3M): 20.89K
• Price to Earnings (P/E): 14.9
• Beta (1Y): 0.23
• Revenue Growth: 5.80%
• EPS Growth: 12.33%
• Country: US
• Employees: 245
• Sector: Utilities
• Sector Strength: 65
• Industry: Regulated Water
• EPS (TTM): 0.68
• Shares Outstanding: 9,429,149
• 10 Day Avg. Volume: 23,647
• 30 Day Avg. Volume: 20,888
• PEG Ratio: 0.86
• Price to Book (P/B): 1.36
• Price to Sales (P/S): 3.02
• P/FCF Ratio: -35.69
• Enterprise Value/Market Cap: 1.52
• Enterprise Value/Revenue: 4.63
• Enterprise Value/Gross Profit: 9.23
• Enterprise Value/Ebitda: 9.76
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 2.16
• Revenue Forecast (FY): $113.00M

• Rating: 70 Outperform
• Price Target: $36.00 ▲(8.56% Upside)

Artesian Resources scores well due to its solid financial performance and reasonable valuation. The company's strong revenue growth and healthy profit margins are significant strengths. However, technical indicators are mixed, and negative free cash flow poses a challenge. The absence of earnings call data and corporate events limits the analysis to financial and technical factors.

Artesian Resources Business Overview & Revenue Model

Company Description

Artesian Resources Corporation (ARTNA) is a publicly traded water utility company based in Delaware, focused on providing high-quality water and wastewater services to residential and commercial customers. The company operates primarily in the mid-Atlantic region, serving various municipalities and communities through its subsidiaries. Artesian Resources is dedicated to sustainable water resource management and infrastructure development, ensuring the delivery of safe drinking water while meeting environmental regulations.

How the Company Makes Money

Artesian Resources generates revenue primarily through the sale of water and wastewater treatment services to its customers. The company charges customers based on consumption, with rates set by state regulatory bodies. Key revenue streams include residential and commercial water sales, as well as wastewater services. Additionally, Artesian often engages in infrastructure projects and capital investments that may be funded through bonds or partnerships with governmental agencies, further enhancing its revenue potential. The company's regulatory environment allows for the recovery of infrastructure costs through rate adjustments, which also contributes to its earnings.

Artesian Resources Financial Statement Overview

Summary

Artesian Resources demonstrates solid financial performance with strong revenue growth and healthy profit margins. The balance sheet is stable with manageable leverage, and cash flow generation is robust, although negative free cash flow poses a challenge. Overall, the company is on a positive trajectory, but attention to cash management and cost control is necessary to sustain growth.

Income Statement

Artesian Resources shows strong revenue growth with a TTM increase of 3.7%, indicating a positive trajectory. The company maintains healthy margins, with a gross profit margin of 47% and a net profit margin of 20.3% in the TTM. EBIT and EBITDA margins are also robust at 35.2% and 47.4%, respectively. However, the slight decline in gross profit margin from the previous year suggests potential cost pressures.

Balance Sheet

The company's balance sheet reflects a stable financial position with a debt-to-equity ratio of 0.72, showing a manageable level of leverage. Return on equity is moderate at 9.3%, indicating reasonable profitability for shareholders. The equity ratio stands at 29.9%, suggesting a solid equity base relative to total assets. However, the decrease in debt levels over the past year is a positive sign of improved financial health.

Cash Flow

Operating cash flow is strong, with a coverage ratio of 1.42, indicating good cash generation relative to net income. However, the negative free cash flow and its ratio to net income at -48.5% highlight challenges in cash management and capital expenditure. The significant improvement in free cash flow growth rate is a positive development, but the negative free cash flow remains a concern.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	110.43M	107.95M	98.86M	98.90M	90.86M	88.14M
Gross Profit	55.33M	53.41M	48.23M	48.27M	45.50M	44.53M
EBITDA	52.35M	50.12M	42.13M	42.40M	39.92M	39.12M
Net Income	22.38M	20.39M	16.70M	18.00M	16.83M	16.82M
Balance Sheet
Total Assets	819.30M	798.62M	766.83M	719.79M	625.21M	593.22M
Cash, Cash Equivalents and Short-Term Investments	349.00K	1.15M	2.50M	1.31M	92.00K	28.00K
Total Debt	179.80M	179.11M	181.06M	198.26M	171.99M	171.34M
Total Liabilities	574.39M	559.43M	536.43M	531.86M	447.20M	423.79M
Stockholders Equity	244.91M	239.19M	230.40M	187.93M	178.01M	169.43M
Cash Flow
Free Cash Flow	-17.57M	-9.12M	-30.33M	-24.22M	-9.50M	-13.92M
Operating Cash Flow	36.26M	36.82M	31.85M	24.27M	31.31M	20.36M
Investing Cash Flow	-53.73M	-45.32M	-62.08M	-54.76M	-40.72M	-39.97M
Financing Cash Flow	11.57M	7.14M	31.42M	31.71M	9.48M	19.05M

Artesian Resources Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 33.16
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ARTNA, the sentiment is Positive. The current price of 33.16 is above the 20-day moving average (MA) of 33.01, above the 50-day MA of 32.78, and above the 200-day MA of 32.64, indicating a bullish trend. The MACD of -0.07 indicates Positive momentum. The RSI at 53.86 is Neutral, neither overbought nor oversold. The STOCH value of 40.65 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ARTNA.

Artesian Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PCYO	75 Outperform	$264.82M	19.23	10.47%	―	40.29%	124.50%
ARTNA	70 Outperform	$336.08M	14.87	9.25%	3.77%	5.80%	12.33%
Sector *	66 Neutral	$17.65B	18.10	5.60%	3.62%	6.62%	11.55%
MSEX	62 Neutral	$973.19M	22.28	9.27%	2.25%	6.24%	3.35%
YORW	61 Neutral	$467.97M	23.31	8.58%	2.73%	3.63%	-5.82%
GWRS	59 Neutral	$281.60M	46.30	8.96%	3.06%	4.33%	-13.38%
CDZI	55 Neutral	$417.81M	―	-103.71%	―	460.46%	1.67%

Artesian Resources Corporate Events

Artesian Resources Reports Strong Earnings Growth in 2025

Artesian Resources Corporation is a leading provider of water and wastewater services on the Delmarva Peninsula, known for its long-standing commitment to delivering high-quality utility services since 1905.