Artesian Resources Corporation

Artesian Resources Corporation

ARTNAยทNASDAQ

$32.43

+1.2%
UtilitiesRegulated Water

Artesian Resources Corporation, through its subsidiaries, provides water, wastewater, and other services in Delaware, Maryland, and Pennsylvania. The company distributes and sells water to residential, commercial, industrial, governmental, municipal, and utility customers, as well as for public and private fire protection in the states of Delaware, Maryland, and Pennsylvania; and offers wastewater collection, treatment infrastructure, and wastewater services to customers in Delaware. It also provides contract water and wastewater services; water, sewer, and internal service line protection plans; and wastewater management services, as well as design, construction, and engineering services. In addition, the company offers services to other water utilities, including operations and billing functions; owns real estate properties, including land for office buildings, a water treatment plant, and wastewater facility; and provides design, installation, maintenance, and repair services related to existing or proposed storm water management systems. As of December 31, 2021, it served approximately 91,700 customers in Delaware, 2,500 customers in Maryland, and 40 customers in Pennsylvania through 1,368 miles of transmission and distribution mains. Artesian Resources Corporation was founded in 1905 and is headquartered in Newark, Delaware.

At a Glance

Live Snapshot
Market Cap$334.82M
EPS2.2100
P/E Ratio14.67
Earnings Date08/03/2026
Artesian Resources Corporation

Artesian Resources Corporation Fair Value Envelope

ARTNA ยท NASDAQ

Our analysis suggests that ARTNA has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $32.43, this represents a potential HIDDEN relative to our calculated worth for Artesian Resources Corporation.

Intrinsic Value
Current Price: $32.43

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

$
%
$
%
$
$

Projection Settings

Forecast period and terminal assumptions

%
%

DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$24.8M
+ Cash & Equivalents$52.0K
Firm Value$24.9M
- Debt$182.6M
Equity Value-$157.8M
/ Shares Outstanding10,301,026B
DCF Value-$15
OVERVALUED BY 147%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$20.2M
$10.1M
$5.0M
$2.5M
$1.3M
$630.4K
$315.2K
$157.6K
$78.8K
$39.4K
Maintenance CapEx
-$5.9M
-$2.9M
-$1.5M
-$735.6K
-$367.8K
-$183.9K
-$91.9K
-$46.0K
-$23.0K
-$11.5K
Owner Earnings
$14.3M
$7.1M
$3.6M
$1.8M
$893.0K
$446.5K
$223.3K
$111.6K
$55.8K
$27.9K
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$13.2M
$6.1M
$2.8M
$1.3M
$607.8K
$281.4K
$130.3K
$60.3K
$27.9K
$12.9K
Terminal Value represents 0.9% of Enterprise Value