Now trading at a price of $44.57, York Water Company has moved -1.13% on Friday. In contrast, the S&P 500 index moved -1.17%. Read below for a basic value analysis of York Water Company.
York Water Company shares moved 5.42% over the last 52 weeks, with a high of $46.81 and a low of $36.52. During this time, the stock outperformed the S&P 500 index by 17.63%. As of January 2022, the company's 50-day average price is $45.0. The York Water Company seizes, purifies and distributes drinking water. The small-cap Utilities company is based in York, PA. York Water Company has returned a 1.82% dividend yield over the last 12 months.
Sustained EPS Growth with a Highly Leveraged Balance Sheet:
| 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | |
|---|---|---|---|---|
| Revenue (k) | $51,578 | $53,852 | $55,119 | $60,061 |
| Revenue Growth | n/a | 4.41% | 2.35% | 8.97% |
| Gross Margins | 79.37% | 79.19% | 79.86% | 81.35% |
| Gross Margins Growth | n/a | -0.23% | 0.85% | 1.87% |
| Operating Margins | 46.12% | 45.37% | 42.45% | 40.76% |
| Operating Margins Growth | n/a | -1.63% | -6.44% | -3.98% |
| Earnings Per Share | $1.11 | $1.27 | $1.3 | $1.37 |
| EPS Growth | n/a | 14.41% | 2.36% | 5.38% |
| Diluted Shares (MM) | 13 | 13 | 13 | 14 |
| Free Cash Flow (k) | -$1,656 | -$13,064 | -$23,441 | -$31,902 |
| FCF Growth | n/a | -688.89% | -79.43% | -36.09% |
| Capital Expenditures (k) | $20,537 | $33,299 | $46,400 | $53,920 |
| Net Debt / EBITDA | 3.8 | 4.93 | 6.46 | 6.2 |
York Water Company Is Overpriced:
Compared to the Utilities sector's average of 22.89, York Water Company has a trailing twelve month P/E ratio of 31.61 and, according to its EPS guidance of 1.59, an expected P/E ratio of 28.03. York Water Company's PEG ratio is 3.51 based on its 9.0% annual average growth rate of historical and projected earnings per share. This suggests that the company's shares are overvalued.
York Water Company's P/B ratio is 3.212 compared to its sector average of 1.03. The company is likely overvalued in terms of its net asset value. The company's shares are currently trading 123.41% above their fair value as expressed by Benjamin Graham's formula:
√(22.5 * 5-year average EPS * book value per share) = √(22.5 * 1.22 * 14.5) = $19.95
The only analyst following York Water Company has set a target price of $59.0 per share, which is -24.46 away from its current price. This analyst rates the stock as strong buy.
The company has a very low short interest since 1% of the company's shares are tied to short positions. Institutions own 48% of York Water Company's shares, while the insider ownership rate stands at 1%.
