ARTNA
Artesian Resources Corporation
ARTNA's fundamentals are mixed, but it looks cheap: trading at 14x earnings, below its usual 22x. Analysts expect earnings growth.
ARTNA Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Under pressure | |
| Under pressure |
ARTNA's profitability is currently healthy, and its revenue is stable, but its cash flow and balance sheet are under pressure.
ARTNA PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 14x | $32.56 | — |
| Forward | 14x | $32.56 | — |
| Cheap | 15x | $34.78 | +6.8% |
| Fair | 22x | $48.45 | +49% |
| Expensive | 27x | $60.12 | +85% |
Historical ranges are pointers, not guarantees.
ARTNA's PE is in its cheap range at 14.5x. If earnings grow as analysts expect, today's price would be 13.7x next year's earnings.
ARTNA Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for ARTNA, with profitability improving.
ARTNA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.37 | +5.3% |
| Q3 2026 | $2.25 | +2.7% |
| Q2 2026 | $2.28 | +5.1% |
| Q1 2026 | $2.25 | +8.2% |
| Q4 2025 | $2.21 | +12% |
| Q3 2025 | $2.19 | +12% |
| Q2 2025 | $2.17 | +21% |
| Q1 2025 | $2.08 | +22% |
| Q4 2024 | $1.98 | +19% |
ARTNA's earnings per share have climbed steadily: $2.25 over the past year, up 2.7% from the year before, and higher year over year for 10 quarters in a row.
ARTNA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $31.9M | +4.8% |
| Q2 2026 | $30.7M | +7.4% |
| Q1 2026 | $27.8M | +7.3% |
| Q4 2025 | $28M | +4.3% |
| Q3 2025 | $30.5M | +4.6% |
| Q2 2025 | $28.5M | +4.1% |
| Q1 2025 | $25.9M | +5.5% |
| Q4 2024 | $26.9M | +9.4% |
ARTNA's revenue has grown year over year for 11 quarters in a row: $32M last quarter, up 4.8% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 28% | -0.6 points |
| Q2 2026 | 28% | +0.6 points |
| Q1 2026 | 23% | +1.2 points |
| Q4 2025 | 21% | -0.4 points |
| Q3 2025 | 28% | -1.2 points |
| Q2 2025 | 28% | +1.3 points |
| Q1 2025 | 21% | +2.2 points |
| Q4 2024 | 21% | -1.4 points |
ARTNA's operating margin was 28% last quarter, down 0.6 points from the same quarter a year ago.
ARTNA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $228K | +$3.5M |
| Q2 2026 | -$2.5M | +$5.4M |
| Q1 2026 | -$4.5M | -904% |
| Q4 2025 | -$7.9M | +$440K |
| Q3 2025 | -$3.3M | -$1.4M |
| Q2 2025 | -$7.9M | -$5.3M |
| Q1 2025 | $560K | -85% |
| Q4 2024 | -$8.3M | -$3.5M |
ARTNA has burned cash in most quarters: −$15M over the past year, against −$19M the year before.
ARTNA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | +5K shares |
| 1 year | +0.2% | +21K shares |
| 3 years | +0.5% | +56K shares |
| 5 years | +9.6% | +903K shares |
| Available history | +11% | +1M shares |
ARTNA has 10M diluted shares, about the same as a year ago.
ARTNA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.9x | Elevated |
| Q2 2026 | 4.0x | Elevated |
| Q1 2026 | 4.2x | High |
| Q4 2025 | 4.2x | High |
| Q3 2025 | 4.2x | High |
| Q2 2025 | 4.3x | High |
| Q1 2025 | 4.3x | High |
| Q4 2024 | 4.5x | High |
ARTNA's net debt is about 3.9 years of its operating earnings (EBITDA), down from 4.2 years a year ago.
ARTNA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.9 | Neutral |
| Stochastic | 21.1 | Neutral |
ARTNA's weekly RSI is 43 (neutral) and its Stochastic is 21 (neutral).
ARTNA PE vs Utilities Sector
| Metric | ARTNA | Sector median | Relative |
|---|---|---|---|
| PE | 14x | 20x | 29% below |
| PE % | 3 | 44 | 41 pts below |
ARTNA is trading at 14x earnings, a 29% discount to the Utilities sector's median of 20x.
ARTNA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $33.6 | 3% below |
| 20 week MA | $34.4 | 5.3% below |
| 50 week MA | $33.2 | 2% below |
| 100 week MA | $33.0 | 1.2% below |
| 200 week MA | $37.7 | 14% below |
ARTNA is in a downtrend: it's below all five of its weekly moving averages, and 14% below its 200-week average.
ARTNA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $37.4 | $37.1 | -0.9% |
| 2021 | $37.1 | $46.8 | +26% |
| 2022 | $46.8 | $56.5 | +21% |
| 2023 | $56.5 | $41.5 | -27% |
| 2024 | $41.5 | $31.5 | -24% |
| 2025 | $31.5 | $31.8 | +0.9% |
| 2026 YTD | $31.8 | $32.6 | +2.5% |
ARTNA has finished lower in three of the last six years. It's up 2.5% so far in 2026.