California Water Service Group (CWT)

NYSE: CWT · IEX Real-Time Price · USD
46.48
-0.19 (-0.41%)
Mar 28, 2024, 4:00 PM EDT - Market closed

Total Valuation

CWT has a market cap or net worth of $2.69 billion. The enterprise value is $3.84 billion.

Market Cap 2.69B
Enterprise Value 3.84B

Important Dates

The next estimated earnings date is Thursday, April 25, 2024, before market open.

Earnings Date Apr 25, 2024
Ex-Dividend Date Feb 9, 2024

Share Statistics

CWT has 57.68 million shares outstanding. The number of shares has increased by 4.82% in one year.

Shares Outstanding 57.68M
Shares Change (YoY) +4.82%
Shares Change (QoQ) -0.00%
Owned by Insiders (%) 0.86%
Owned by Institutions (%) 88.82%
Float 57.11M

Valuation Ratios

The trailing PE ratio is 51.08 and the forward PE ratio is 19.06. CWT's PEG ratio is 2.70.

PE Ratio 51.08
Forward PE 19.06
PS Ratio 3.39
Forward PS 2.89
PB Ratio 1.89
P/FCF Ratio n/a
PEG Ratio 2.70
Financial Ratio History

Enterprise Valuation

EV / Earnings 73.98
EV / Sales 4.83
EV / EBITDA 18.32
EV / EBIT 44.37
EV / FCF n/a

Financial Position

The company has a current ratio of 0.69, with a Debt / Equity ratio of 0.86.

Current Ratio 0.69
Quick Ratio 0.57
Debt / Equity 0.86
Debt / EBITDA 5.88
Debt / FCF n/a
Interest Coverage 1.74

Financial Efficiency

Return on equity (ROE) is 3.80% and return on invested capital (ROIC) is 3.29%.

Return on Equity (ROE) 3.80%
Return on Assets (ROA) 1.30%
Return on Capital (ROIC) 3.29%
Revenue Per Employee $627,671
Profits Per Employee $41,004
Employee Count 1,266
Asset Turnover 0.19
Inventory Turnover 32.66

Taxes

Income Tax -15.19M
Effective Tax Rate -41.36%

Stock Price Statistics

The stock price has decreased by -18.81% in the last 52 weeks. The beta is 0.49, so CWT's price volatility has been lower than the market average.

Beta (1Y) 0.49
52-Week Price Change -18.81%
50-Day Moving Average 46.33
200-Day Moving Average 49.46
Relative Strength Index (RSI) 50.74
Average Volume (30 Days) 328,252

Short Selling Information

The latest short interest is 1.16 million, so 2.00% of the outstanding shares have been sold short.

Short Interest 1.16M
Short Previous Month 844,618
Short % of Shares Out 2.00%
Short % of Float 2.02%
Short Ratio (days to cover) 3.35

Income Statement

In the last 12 months, CWT had revenue of $794.63 million and earned $51.91 million in profits. Earnings per share was $0.91.

Revenue 794.63M
Gross Profit 325.39M
Operating Income 61.95M
Pretax Income 36.72M
Net Income 51.91M
EBITDA 209.67M
EBIT 86.54M
Earnings Per Share (EPS) $0.91
Full Income Statement

Balance Sheet

The company has $84.97 million in cash and $1.23 billion in debt, giving a net cash position of -$1.15 billion or -$19.91 per share.

Cash & Cash Equivalents 84.97M
Total Debt 1.23B
Net Cash -1.15B
Net Cash Per Share -$19.91
Equity / Book Value 1.43B
Book Value Per Share 24.74
Working Capital -134.05M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $217.82 million and capital expenditures -$383.75 million, giving a free cash flow of -$165.93 million.

Operating Cash Flow 217.82M
Capital Expenditures -383.75M
Free Cash Flow -165.93M
FCF Per Share -$2.91
Full Cash Flow Statement

Margins

Gross margin is 40.95%, with operating and profit margins of 7.80% and 6.53%.

Gross Margin 40.95%
Operating Margin 7.80%
Pretax Margin 4.62%
Profit Margin 6.53%
EBITDA Margin 26.39%
EBIT Margin 10.89%
FCF Margin -20.88%

Dividends & Yields

This stock pays an annual dividend of $1.04, which amounts to a dividend yield of 2.24%.

Dividend Per Share $1.04
Dividend Yield 2.24%
Dividend Growth (YoY) 2.97%
Years of Dividend Growth 57
Payout Ratio 114.29%
Buyback Yield -4.82%
Shareholder Yield -2.58%
Earnings Yield 1.93%
FCF Yield -6.16%
Dividend Details

Analyst Forecast

The average price target for CWT is $53.00, which is 14.03% higher than the current price. The consensus rating is "Hold".

Price Target $53.00
Price Target Difference 14.03%
Analyst Consensus Hold
Analyst Count 4
Revenue Growth Forecast (5Y) 7.11%
EPS Growth Forecast (5Y) 31.57%
Stock Forecasts

Stock Splits

The last stock split was on June 13, 2011. It was a forward split with a ratio of 2:1.

Last Split Date Jun 13, 2011
Split Type Forward
Split Ratio 2:1

Scores

CWT has an Altman Z-Score of 0.88 and a Piotroski F-Score of 4. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score 0.88
Piotroski F-Score 4