Intrinsiqq
Middlesex Water Company logoMiddlesex Water CompanyMSEX
$53.63-0.76%
Middlesex Water Company logo

Middlesex Water Company

MSEX

$53.63

-$0.41 (-0.76%)

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ProfitabilityStrong marginsGrowthModeratingCash FlowN/AValuationFairly valued
What stands out

27.93% operating margin is above average. ROIC at 4.73%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.

What's changing

Revenue growth slowed to 1.5%, essentially flat. This is a business that needs a catalyst.

What deserves caution

Even for strong businesses, today's 21x P/E means the stock needs to keep delivering. There's no margin of safety if growth disappoints.

Valuation context

20.7x earnings. Valuation is in a reasonable range. The main question is whether the business can re-accelerate or if current trajectory is already priced in.

Price History

-10.6%

Valuation & Multiples

Based on TTM earnings · Diluted shares

Market Cap$1.01B
EPS$2.59
P/E20.71
P/FCF—
EV/EBITDA15.30
FCF Yield—
Div. Yield2.58%
Net Debt/FCF—
52-Week Range
$48.59$61.96

Profitability & Returns

Revenue (TTM)

$206M

▲ +1.5% YoY

Net Income (TTM)

$48M

▼ -3.4% YoY

Op. Margin

29.22%

▲ +0.2pp YoY

ROIC

5.99%

▲ +0.8pp YoY

Cash Flow & Balance Sheet

FCF

N/A

Op. Cash Flow (TTM)

$59M

▲ +6.6% YoY

Net Debt

$403M

Cash & Equiv.

$2M

5Y CAGR: +6.6%

Continue Research

SourceComputed from the 10-Q filed 29 Jul 2026, covering the period ending 30 Jun 2026, as reported to the SEC. Data last refreshed 2 Oct 2026. How this is calculated.

Price from market data, last close as of 21 Oct 2026. Fiscal year ends Dec. Sector medians are approximate S&P 500 benchmarks and update periodically.

Is Middlesex Water (MSEX) overvalued?

At a P/E of 20.7, Middlesex Water (MSEX)'s valuation is best read against its own history, its peers, and the growth its price implies. A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.

On quality, Middlesex Water scores 29/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 2.6%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.

Frequently asked

Is Middlesex Water a high-quality business?+

Middlesex Water scores 29 out of 100 on Intrinsiqq's quality score, a weighted blend of 6 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a 29.2% operating margin and a 6.0% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.

Does Middlesex Water (MSEX) pay a dividend, and how much?+

Yes, Middlesex Water pays a regular dividend of about $1.39 per share per year (typically in quarterly installments), a yield of roughly 2.6% at the current price. That is a payout ratio of about 54.5% of earnings, so the dividend is well covered. Middlesex Water has grown the dividend at roughly 6.5% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For MSEX's full payout history, growth streak and dividend-safety score, see the dividends tab.

Is Middlesex Water a good stock to buy right now?+

That depends on valuation and quality together, not either alone. you should weigh MSEX's valuation and scores 29/100 on quality (lower-quality). It also yields about 2.6%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.

Related stocks: Water Supply

Spot a number that looks wrong? Check it in MSEX's SEC filings or

Download this analysis as a PDF (Pro)

Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.

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Not financial advice. Analytical data for research only.

Intrinsiqq is a Netherlands-based company operating in Rotterdam, KvK 73238007.