Last $11.49 USD
Change Today +0.11 / 0.97%
Volume 350.0
CUP/U On Other Exchanges
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As of 9:52 AM 03/3/15 All times are local (Market data is delayed by at least 15 minutes).

caribbean utilities co ltd-a (CUP/U) Snapshot

Open
$11.49
Previous Close
$11.38
Day High
$11.49
Day Low
$11.49
52 Week High
02/23/15 - $11.50
52 Week Low
03/25/14 - $10.05
Market Cap
336.2M
Average Volume 10 Days
3.3K
EPS TTM
$0.70
Shares Outstanding
29.3M
EX-Date
02/26/15
P/E TM
16.4x
Dividend
$0.66
Dividend Yield
5.76%
Current Stock Chart for CARIBBEAN UTILITIES CO LTD-A (CUP/U)

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caribbean utilities co ltd-a (CUP/U) Details

Caribbean Utilities Company, Ltd. is engaged in the generation, transmission, and distribution of electricity to residential and commercial customers in Grand Cayman, the Cayman Islands. It generates electricity primarily from diesel. As of December 31, 2013, the company had an installed generating capacity of 149.540 megawatts; and served 27,364 customers. The company was founded in 1966 and is based in Grand Cayman, the Cayman Islands. Caribbean Utilities Company, Ltd. is a subsidiary of Fortis Energy (Bermuda) Ltd.

199 Employees
Last Reported Date: 11/7/14
Founded in 1966

caribbean utilities co ltd-a (CUP/U) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $232.1K
Chief Financial Officer, Vice President of Fi...
Total Annual Compensation: $171.1K
Vice President of Transmission & Distribution
Total Annual Compensation: $168.7K
Vice President of Production
Total Annual Compensation: $150.3K
Compensation as of Fiscal Year 2013.

caribbean utilities co ltd-a (CUP/U) Key Developments

Caribbean Utilities Co. Ltd. Reports Unaudited Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

Caribbean Utilities Co. Ltd. Reported unaudited earnings results for the fourth quarter and year ended December 31, 2014. Net earnings for the three months ended December 31, 2014 were $5.4 million, a $0.4 million decrease when compared to $5.8 million for the three months ended December 31, 2013. This decrease is attributable to a weather-driven 3% decline in kiloWatt-hour ("kWh") sales, additional temporary generation costs and higher consumer services expenses in the fourth quarter 2014. These items were partially offset by lower maintenance costs for the Fourth Quarter 2014 when compared to the fourth quarter 2013. For the Fourth Quarter 2014, kWh sales were 135.8 million, a decrease of 4.5 million kWh, or 3%, when compared to 140.3 million for the Fourth Quarter 2013. Net earnings for the twelve months ended December 31, 2014 were $20.8 million, a $0.4 million increase from net earnings of $20.4 million for the twelve months ended December 31, 2013. This increase is attributable to a 2% kWh sales growth, lower depreciation and maintenance expenses and higher other income. These items were partially offset by higher consumer services expenses, driven by a one-time adjustment to increase the company's allowance for doubtful accounts during the twelve months ended December 31, 2014. For the twelve months ended December 31, 2014, kWh sales were 564.2 million, an increase of 8.5 million kWh, or 2%, when compared to 555.7 million kWh for the year ended December 31, 2013.

Caribbean Utilities Company, Ltd. Declares cash Dividend, Payable on March 15, 2015

Caribbean Utilities Company Ltd. announced that the Board of Directors has declared a dividend of USD 0.165 per Class A Ordinary Share, or an annualized dividend of USD 0.66 per share. The dividend will be payable March 15, 2015 to shareholders of record March 2, 2015.

Caribbean Utilities Enters into A Design-Build Contract with the consortium of Burmeister & Wain Scandinavian Contractor A/S and MAN Diesel & Turbo SE

Caribbean Utilities Company Ltd. has entered into a design-build contract agreement for the generation expansion project with the consortium of Burmeister & Wain Scandinavian Contractor A/S and MAN Diesel & Turbo SE. The agreement covers the purchase and turnkey installation of two 18.5 megaWatt (MW) V48/60 medium-speed diesel generating units, one 2.7 MW steam turbine, and associated auxiliary equipment. This contract is valued at approximately $55 million; the total project cost is estimated at $85 million to complete. The generating units will be housed in a new purpose built power house at the Company's North Sound Plant and will be commissioned in June 2016.

 

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Valuation CUP/U Industry Range
Price/Earnings 16.3x
Price/Sales 1.4x
Price/Book 1.8x
Price/Cash Flow 7.3x
TEV/Sales 0.5x
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