Artesian Resources Return On Equity vs. Price To Earning
| ARTNA Stock | USD 34.74 0.17 0.49% |
Return On Equity | First Reported 2010-12-31 | Previous Quarter 0.07247924 | Current Value 0.0663 | Quarterly Volatility 0.01295509 |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.58 | 0.4878 |
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| Net Profit Margin | 0.1 | 0.1689 |
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| Operating Profit Margin | 0.29 | 0.227 |
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| Pretax Profit Margin | 0.17 | 0.2331 |
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| Return On Assets | 0.0176 | 0.0218 |
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| Return On Equity | 0.0663 | 0.0725 |
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For Artesian Resources profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Artesian Resources to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Artesian Resources utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Artesian Resources's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Artesian Resources over time as well as its relative position and ranking within its peers.
Artesian |
Artesian Resources' Revenue Breakdown by Earning Segment
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Is Water Utilities space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Artesian Resources. If investors know Artesian will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Artesian Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.347 | Dividend Share 1.17 | Earnings Share 1.95 | Revenue Per Share 10.266 | Quarterly Revenue Growth 0.097 |
The market value of Artesian Resources is measured differently than its book value, which is the value of Artesian that is recorded on the company's balance sheet. Investors also form their own opinion of Artesian Resources' value that differs from its market value or its book value, called intrinsic value, which is Artesian Resources' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Artesian Resources' market value can be influenced by many factors that don't directly affect Artesian Resources' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Artesian Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Artesian Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Artesian Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Artesian Resources Price To Earning vs. Return On Equity Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Artesian Resources's current stock value. Our valuation model uses many indicators to compare Artesian Resources value to that of its competitors to determine the firm's financial worth. Artesian Resources is rated fourth in return on equity category among its peers. It also is rated fourth in price to earning category among its peers reporting about 346.50 of Price To Earning per Return On Equity. At present, Artesian Resources' Return On Equity is projected to increase slightly based on the last few years of reporting. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Artesian Resources' earnings, one of the primary drivers of an investment's value.Artesian Price To Earning vs. Return On Equity
Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Artesian Resources |
| = | 0.0856 |
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Artesian Resources |
| = | 29.66 X |
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
Artesian Price To Earning Comparison
Artesian Resources is currently under evaluation in price to earning category among its peers.
Artesian Resources Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Artesian Resources, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Artesian Resources will eventually generate negative long term returns. The profitability progress is the general direction of Artesian Resources' change in net profit over the period of time. It can combine multiple indicators of Artesian Resources, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Operating Income | 22.4 M | 15.9 M | |
| Income Before Tax | 23 M | 14 M | |
| Total Other Income Expense Net | 601 K | 443.3 K | |
| Net Income | 16.7 M | 9 M | |
| Income Tax Expense | 6.3 M | 4.9 M | |
| Net Income Applicable To Common Shares | 20.7 M | 21.7 M | |
| Net Income From Continuing Ops | 15.5 M | 18.2 M | |
| Non Operating Income Net Other | 146.7 K | 130.4 K | |
| Interest Income | 6.3 M | 5.3 M | |
| Net Interest Income | -9.3 M | -9.7 M | |
| Change To Netincome | 9.6 M | 10.1 M | |
| Net Income Per Share | 1.67 | 0.84 | |
| Income Quality | 1.91 | 2.43 | |
| Net Income Per E B T | 0.72 | 0.50 |
Artesian Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Artesian Resources. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Artesian Resources position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Artesian Resources' important profitability drivers and their relationship over time.
Use Artesian Resources in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Artesian Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Artesian Resources will appreciate offsetting losses from the drop in the long position's value.Artesian Resources Pair Trading
Artesian Resources Pair Trading Analysis
The ability to find closely correlated positions to Artesian Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Artesian Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Artesian Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Artesian Resources to buy it.
The correlation of Artesian Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Artesian Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Artesian Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Artesian Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Artesian Resources position
In addition to having Artesian Resources in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Check out Trending Equities. For information on how to trade Artesian Stock refer to our How to Trade Artesian Stock guide.You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
To fully project Artesian Resources' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Artesian Resources at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Artesian Resources' income statement, its balance sheet, and the statement of cash flows.