Middlesex Water Company
$1.48B- Market cap
- $1.10B
- Debt
- +$386.72M
- Cash
- −$2.80M
Capital structure 74% equity / 26% debt · EV / Revenue 7.61x · EV / EBITDA 16.80x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
Decision snapshot: MSEX stock price at discount vs DGII $58.26 current versus $151.56 implied using P/E multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at DGII's multiple
Implied fair value · at MSEX's multiple
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth edge
Pricing power
Operating leverage
Multiple premium
Value edge
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: MSEX FY 2025 (ended Dec 31, 2025) · DGII FY 2025 (ended Sep 30, 2025). Fiscal years are not aligned.
Trendline
Five fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 74% equity / 26% debt · EV / Revenue 7.61x · EV / EBITDA 16.80x
Capital structure 94% equity / 6% debt · EV / Revenue 6.44x · EV / EBITDA 28.58x
DGII carries the larger enterprise value at $2.77B against $1.48B; DGII trades on the lower EV / Revenue multiple (6.44x vs 7.61x); MSEX on the lower EV / EBITDA (16.80x vs 28.58x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
MIDDLESEX WATER COMPANY · implied price per share
Five annual free-cash-flow observations are required for the filing-backed baseline.
DIGI INTERNATIONAL INC. · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
0.78x
0.25x
Net debt / EBITDA
Leverage against operating earnings
4.35x
1.42x
Cash and equivalents
Liquid reserves on the balance sheet
$2.80M
$21.90M
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
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