Middlesex Water Company PFD 7%

PINK:MSEXP USA Other
Market Cap
$6.01 Million
Market Cap Rank
#30636 Global
#10093 in USA
Share Price
$629.95
Change (1 day)
+0.00%
52-Week Range
$629.95 - $629.95
All Time High
$760.00
Categories
Companies in USA Other
About

Middlesex Water Company, together with its subsidiaries, owns and operates regulated water utility and wastewater systems. It operates in two segments, Regulated and Non-Regulated. The Regulated segment engages in collecting, treating, and distributing water on a retail and wholesale basis to residential, commercial, industrial, and fire protection customers in parts of New Jersey, Delaware, and … Read more

Middlesex Water Company PFD 7% (MSEXP) - Net Assets

Latest net assets as of September 2024: $443.82 Million USD

Based on the latest financial reports, Middlesex Water Company PFD 7% (MSEXP) has net assets worth $443.82 Million USD as of September 2024.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.23 Billion) and total liabilities ($785.79 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.

Key Net Assets Metrics

Metric Value
Current Net Assets $443.82 Million
% of Total Assets 36.09%
Annual Growth Rate 7.83%
5-Year Change 30.44%
10-Year Change 112.83%
Growth Volatility 8.4

Middlesex Water Company PFD 7% - Net Assets Trend (1994–2023)

This chart illustrates how Middlesex Water Company PFD 7%'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Middlesex Water Company PFD 7% (1994–2023)

The table below shows the annual net assets of Middlesex Water Company PFD 7% from 1994 to 2023.

Year Net Assets Change
2023-12-31 $425.07 Million +5.63%
2022-12-31 $402.41 Million +8.82%
2021-12-31 $369.81 Million +6.18%
2020-12-31 $348.29 Million +6.88%
2019-12-31 $325.88 Million +29.72%
2018-12-31 $251.22 Million +8.47%
2017-12-31 $231.61 Million +4.86%
2016-12-31 $220.87 Million +5.62%
2015-12-31 $209.13 Million +4.71%
2014-12-31 $199.73 Million +4.22%
2013-12-31 $191.63 Million +3.59%
2012-12-31 $184.99 Million +2.58%
2011-12-31 $180.33 Million +2.09%
2010-12-31 $176.64 Million +23.52%
2009-12-31 $143.00 Million +1.29%
2008-12-31 $141.18 Million +2.95%
2007-12-31 $137.14 Million +2.88%
2006-12-31 $133.30 Million +28.73%
2005-12-31 $103.55 Million +4.39%
2004-12-31 $99.19 Million +18.50%
2003-12-31 $83.71 Million +3.90%
2002-12-31 $80.56 Million +5.52%
2001-12-31 $76.35 Million +2.22%
2000-12-31 $74.70 Million +0.13%
1999-12-31 $74.60 Million +4.04%
1998-12-31 $71.70 Million +27.58%
1997-12-31 $56.20 Million +8.29%
1996-12-31 $51.90 Million +3.18%
1995-12-31 $50.30 Million +5.45%
1994-12-31 $47.70 Million --

Equity Component Analysis

This analysis shows how different components contribute to Middlesex Water Company PFD 7%'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have grown by 895.6% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2023)

Component Amount Percentage
Retained Earnings $176.23 Million 41.46%
Common Stock $246.76 Million 58.05%
Other Comprehensive Income $-246.76 Million -58.05%
Other Components $248.85 Million 58.54%
Total Equity $425.07 Million 100.00%

Middlesex Water Company PFD 7% Competitors by Market Cap

The table below lists competitors of Middlesex Water Company PFD 7% ranked by their market capitalization.

Company Market Cap
Superhouse Limited
NSE:SUPERHOUSE
 		$5.96 Million
Greenville Federal Financial Corp
PINK:GVFF
 		$5.96 Million
Tungtex (Holdings) Company Limited
PINK:TUGHF
 		$5.96 Million
Personal Assets Trust plc
LSE:PNL
 		$5.96 Million
Hannun SA
MC:HAN
 		$5.96 Million
Torr Metals Inc
V:TMET
 		$5.95 Million
Avensia publ AB
ST:AVEN
 		$5.95 Million
Maxindo Karya Anugerah
JK:MAXI
 		$5.95 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Middlesex Water Company PFD 7%'s equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2022 to 2023, total equity changed from 402,412,000 to 425,075,000, a change of 22,663,000 (5.6%).
  • Net income of 31,524,000 contributed positively to equity growth.
  • Dividend payments of 22,561,000 reduced retained earnings.
  • Share repurchases of 63,062,000 reduced equity.
  • New share issuances of 12,115,000 increased equity.
  • Other comprehensive income decreased equity by 13,710,000.
  • Other factors increased equity by 78,357,000.

Equity Change Factors (2022 to 2023)

Factor Impact Contribution
Net Income $31.52 Million +7.42%
Dividends Paid $22.56 Million -5.31%
Share Repurchases $63.06 Million -14.84%
Share Issuances $12.12 Million +2.85%
Other Comprehensive Income $-13.71 Million -3.23%
Other Changes $78.36 Million +18.43%
Total Change $- 5.63%

Book Value vs Market Value Analysis

This analysis compares Middlesex Water Company PFD 7%'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 26.45x
  • The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
  • The price-to-book ratio has decreased from 105.20x to 26.45x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1994-12-31 $5.99 $629.95 x
1995-12-31 $6.22 $629.95 x
1996-12-31 $6.23 $629.95 x
1997-12-31 $6.56 $629.95 x
1998-12-31 $7.83 $629.95 x
1999-12-31 $7.25 $629.95 x
2000-12-31 $7.19 $629.95 x
2001-12-31 $7.29 $629.95 x
2002-12-31 $7.58 $629.95 x
2003-12-31 $7.74 $629.95 x
2004-12-31 $8.68 $629.95 x
2005-12-31 $8.79 $629.95 x
2006-12-31 $10.95 $629.95 x
2007-12-31 $10.13 $629.95 x
2008-12-31 $10.37 $629.95 x
2009-12-31 $10.43 $629.95 x
2010-12-31 $11.84 $629.95 x
2011-12-31 $11.36 $629.95 x
2012-12-31 $11.57 $629.95 x
2013-12-31 $11.90 $629.95 x
2014-12-31 $12.31 $629.95 x
2015-12-31 $12.81 $629.95 x
2016-12-31 $13.45 $629.95 x
2017-12-31 $14.05 $629.95 x
2018-12-31 $15.19 $629.95 x
2019-12-31 $19.36 $629.95 x
2020-12-31 $19.82 $629.95 x
2021-12-31 $21.00 $629.95 x
2022-12-31 $22.72 $629.95 x
2023-12-31 $23.82 $629.95 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Middlesex Water Company PFD 7% utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 7.42%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 18.96%
  • • Asset Turnover: 0.13x
  • • Equity Multiplier: 2.91x
  • Recent ROE (7.42%) is below the historical average (9.28%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1994 11.53% 15.24% 0.27x 2.78x $730.00K
1995 11.33% 15.08% 0.26x 2.88x $670.00K
1996 10.02% 13.68% 0.26x 2.87x $10.00K
1997 10.50% 14.64% 0.25x 2.84x $280.00K
1998 9.07% 15.08% 0.21x 2.84x $-670.00K
1999 10.59% 14.77% 0.25x 2.88x $440.00K
2000 7.10% 9.74% 0.25x 2.94x $-2.16 Million
2001 9.11% 11.66% 0.25x 3.10x $-682.35K
2002 9.64% 12.54% 0.25x 3.04x $-291.08K
2003 7.92% 10.34% 0.24x 3.14x $-1.74 Million
2004 8.51% 11.90% 0.24x 3.02x $-1.47 Million
2005 8.19% 11.36% 0.23x 3.13x $-1.88 Million
2006 7.53% 12.38% 0.22x 2.78x $-3.29 Million
2007 8.64% 13.75% 0.22x 2.86x $-1.87 Million
2008 8.65% 13.41% 0.21x 3.12x $-1.91 Million
2009 6.98% 10.93% 0.20x 3.20x $-4.32 Million
2010 8.11% 13.95% 0.21x 2.77x $-3.33 Million
2011 7.46% 13.17% 0.19x 2.98x $-4.59 Million
2012 7.78% 13.04% 0.20x 3.04x $-4.10 Million
2013 8.68% 14.48% 0.22x 2.77x $-2.53 Million
2014 9.24% 15.75% 0.20x 2.88x $-1.53 Million
2015 9.58% 15.89% 0.22x 2.80x $-885.00K
2016 10.30% 17.11% 0.21x 2.81x $654.70K
2017 9.85% 17.44% 0.20x 2.85x $-351.80K
2018 12.92% 23.50% 0.18x 3.06x $7.33 Million
2019 10.40% 25.18% 0.15x 2.79x $1.30 Million
2020 11.03% 27.14% 0.15x 2.80x $3.60 Million
2021 9.88% 25.53% 0.14x 2.76x $-438.00K
2022 10.54% 26.12% 0.15x 2.67x $2.19 Million
2023 7.42% 18.96% 0.13x 2.91x $-10.98 Million

Industry Comparison

This section compares Middlesex Water Company PFD 7%'s net assets metrics with peer companies in the Other industry.

Industry Context

  • Industry: Other
  • Average net assets among peers: $21,282,152,580
  • Average return on equity (ROE) among peers: 31.25%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Middlesex Water Company PFD 7% (MSEXP) $443.82 Million 11.53% 1.77x $5.96 Million
Arçelik Anonim Sirketi (ACKAF) $59.56 Billion 12.87% 3.33x $19.95K
Argo Group US Inc. 6.5% SR NTS 42 (ARGD) $1.23 Billion -15.51% 0.05x $232.01K
American Crystal Sugar Company PFD REST NON DIV (ASCS) $316.55 Million 254.25% 1.77x $54.72 Million
Autobacs Seven Co. Ltd (ATBSF) $127.35 Billion 4.24% 0.47x $167.34K
Brookfield Asset Management Inc FR PRF PERPETUAL CAD 25 Ser 2 Cls A (BKFAF) $11.77 Billion 6.69% 3.72x $76.46K
Bristol-Myers Squibb Company PFD CONV 2 (BMYMP) $5.08 Billion 14.69% 0.67x $9.45 Million
BOL Bancshares Inc. PFD (BOLBP) $11.94 Million 0.62% 6.68x $0.91
NYSE LISTED TEST STOCK FOR CTS AND CQS (CBO) $3.36 Billion 11.17% 0.52x $237.68K
Canadian Utilities Limited 2ND PFD SER Y (CNAUF) $4.14 Billion 10.45% 1.28x $142.90K
Central Parking Finance Trust PFD TR CV SECS (CRLKP) $374.10 13.04% 2.96x $224.78K