As of 2025-05-16, the Intrinsic Value of Middlesex Water Co (MSEX) is 72.99 USD. This MSEX valuation is based on the model Discounted Cash Flows (Growth Exit 5Y). With the current market price of 57.10 USD, the upside of Middlesex Water Co is 27.8%.

The range of the Intrinsic Value is 35.21 - 292.8 USD.

Is MSEX undervalued or overvalued?

Based on its market price of 57.10 USD and our intrinsic valuation, Middlesex Water Co (MSEX) is undervalued by 27.8%.

57.10 USD

Stock Price

72.99 USD

Intrinsic Value

Intrinsic Value Details

MSEX Intrinsic Value - Valuation Summary

	Range	Selected	Upside
a
DCF (Growth Exit 5Y)	35.21 - 292.8	72.99	27.8%
DCF (Growth Exit 10Y)	55.84 - 384.92	104.34	82.7%
DCF (EBITDA Exit 5Y)	50.7 - 82.92	66.75	16.9%
DCF (EBITDA Exit 10Y)	66.32 - 110.1	87.28	52.9%
Peter Lynch Fair Value	19.07 - 19.07	19.07	-66.61%
P/E Multiples	48.96 - 57.35	55.15	-3.4%
EV/EBITDA Multiples	44.89 - 83.83	59.50	4.2%
Earnings Power Value	49.77 - 74.39	62.08	8.7%
Dividend Discount Model - Stable	29.5 - 155.68	92.59	62.2%
Dividend Discount Model - Multi Stages	46.48 - 180.66	72.81	27.5%

MSEX Intrinsic Value - Peers Comparison

	Range	Selected	Upside
a
American Water Works Company Inc	72.4 - 299.87	133.33	-5.0%
Essential Utilities Inc	30.81 - 120.03	54.91	43.9%
American States Water Co	48.43 - 155.43	77.75	-0.1%
California Water Service Group	31.2 - 125.79	55.21	19.5%
SJW Group	28.78 - 179.45	66.10	20.5%
York Water Co	20.82 - 188.61	44.38	36.0%
Consolidated Water Co Ltd	33.36 - 56.5	41.86	60.6%
Artesian Resources Corp	33.25 - 69.21	46.32	38.3%
Global Water Resources Inc	3.18 - 21.03	6.95	-31.5%
Aqua SA Bielsko-Biala	7.91 - 10.03	8.71	-39.5%

MSEX Intrinsic Value - Key Valuation Metrics

Market Cap (mil)	1,022
Beta	-0.11
Outstanding shares (mil)	18
Enterprise Value (mil)	1,412

Market risk premium	5.1%
Cost of Equity	7.05%
Cost of Debt	4.3%
WACC	6.2%