AMERICAN STATES WATER CO (AWR) Stock Fundamental Analysis

NYSE:AWR • US0298991011

72.94 USD
-0.54 (-0.73%)
At close: Feb 20, 2026
72.94 USD
0 (0%)
After Hours: 2/20/2026, 8:17:57 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

5

Overall AWR gets a fundamental rating of 5 out of 10. We evaluated AWR against 14 industry peers in the Water Utilities industry. While AWR belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. AWR has a valuation in line with the averages, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • AWR had positive earnings in the past year.
  • AWR had a positive operating cash flow in the past year.
  • Of the past 5 years AWR 4 years were profitable.
  • AWR had a positive operating cash flow in 4 of the past 5 years.
AWR Yearly Net Income VS EBIT VS OCF VS FCFAWR Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M

1.2 Ratios

  • With a decent Return On Assets value of 4.88%, AWR is doing good in the industry, outperforming 78.57% of the companies in the same industry.
  • AWR has a Return On Equity of 12.84%. This is amongst the best in the industry. AWR outperforms 92.86% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 6.19%, AWR belongs to the top of the industry, outperforming 85.71% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for AWR is in line with the industry average of 4.99%.
  • The last Return On Invested Capital (6.19%) for AWR is above the 3 year average (6.15%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 4.88%
ROE 12.84%
ROIC 6.19%
ROA(3y)4.71%
ROA(5y)4.78%
ROE(3y)13.33%
ROE(5y)13.42%
ROIC(3y)6.15%
ROIC(5y)6.12%
AWR Yearly ROA, ROE, ROICAWR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

  • The Profit Margin of AWR (20.35%) is comparable to the rest of the industry.
  • AWR's Profit Margin has improved in the last couple of years.
  • With a Operating Margin value of 30.92%, AWR perfoms like the industry average, outperforming 57.14% of the companies in the same industry.
  • In the last couple of years the Operating Margin of AWR has grown nicely.
  • AWR has a Gross Margin of 81.56%. This is amongst the best in the industry. AWR outperforms 85.71% of its industry peers.
  • In the last couple of years the Gross Margin of AWR has remained more or less at the same level.
Industry RankSector Rank
OM 30.92%
PM (TTM) 20.35%
GM 81.56%
OM growth 3Y3.23%
OM growth 5Y2.98%
PM growth 3Y1.9%
PM growth 5Y2.4%
GM growth 3Y1.3%
GM growth 5Y0.64%
AWR Yearly Profit, Operating, Gross MarginsAWR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60 80

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ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so AWR is destroying value.
  • There is no outstanding debt for AWR. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
AWR Yearly Shares OutstandingAWR Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M
AWR Yearly Total Debt VS Total AssetsAWR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B 2.5B

2.2 Solvency

  • AWR has an Altman-Z score of 1.87. This is not the best score and indicates that AWR is in the grey zone with still only limited risk for bankruptcy at the moment.
  • AWR has a Altman-Z score of 1.87. This is in the better half of the industry: AWR outperforms 78.57% of its industry peers.
  • AWR has a debt to FCF ratio of 26.20. This is a negative value and a sign of low solvency as AWR would need 26.20 years to pay back of all of its debts.
  • The Debt to FCF ratio of AWR (26.20) is better than 85.71% of its industry peers.
  • AWR has a Debt/Equity ratio of 0.91. This is a neutral value indicating AWR is somewhat dependend on debt financing.
  • AWR's Debt to Equity ratio of 0.91 is in line compared to the rest of the industry. AWR outperforms 57.14% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.91
Debt/FCF 26.2
Altman-Z 1.87
ROIC/WACC0.73
WACC8.43%
AWR Yearly LT Debt VS Equity VS FCFAWR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M 600M 800M

2.3 Liquidity

  • AWR has a Current Ratio of 1.27. This is a normal value and indicates that AWR is financially healthy and should not expect problems in meeting its short term obligations.
  • With an excellent Current ratio value of 1.27, AWR belongs to the best of the industry, outperforming 85.71% of the companies in the same industry.
  • A Quick Ratio of 1.18 indicates that AWR should not have too much problems paying its short term obligations.
  • AWR has a better Quick ratio (1.18) than 78.57% of its industry peers.
Industry RankSector Rank
Current Ratio 1.27
Quick Ratio 1.18
AWR Yearly Current Assets VS Current LiabilitesAWR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

2

3. Growth

3.1 Past

  • AWR shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 6.31%.
  • AWR shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 7.66% yearly.
EPS 1Y (TTM)6.31%
EPS 3Y16.89%
EPS 5Y7.66%
EPS Q2Q%-1.33%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%14.8%

3.2 Future

  • The Earnings Per Share is expected to grow by 5.80% on average over the next years.
  • AWR is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.41% yearly.
EPS Next Y4.3%
EPS Next 2Y5.73%
EPS Next 3Y6.58%
EPS Next 5Y5.8%
Revenue Next Year3.94%
Revenue Next 2Y3.1%
Revenue Next 3Y20.66%
Revenue Next 5Y3.41%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
AWR Yearly Revenue VS EstimatesAWR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 200M 400M 600M 800M 1B
AWR Yearly EPS VS EstimatesAWR Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 1 2 3 4

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Find the best growth stocksShow best growing peers

4

4. Valuation

4.1 Price/Earnings Ratio

  • AWR is valuated rather expensively with a Price/Earnings ratio of 21.64.
  • AWR's Price/Earnings ratio is in line with the industry average.
  • Compared to an average S&P500 Price/Earnings ratio of 26.99, AWR is valued at the same level.
  • With a Price/Forward Earnings ratio of 20.75, AWR is valued on the expensive side.
  • The rest of the industry has a similar Price/Forward Earnings ratio as AWR.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 28.06, AWR is valued a bit cheaper.
Industry RankSector Rank
PE 21.64
Fwd PE 20.75
AWR Price Earnings VS Forward Price EarningsAWR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of AWR is on the same level as its industry peers.
  • Based on the Price/Free Cash Flow ratio, AWR is valued cheaply inside the industry as 92.86% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 80.86
EV/EBITDA 15.26
AWR Per share dataAWR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • AWR has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)5.04
PEG (5Y)2.83
EPS Next 2Y5.73%
EPS Next 3Y6.58%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. Dividend

5.1 Amount

  • AWR has a Yearly Dividend Yield of 2.75%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 2.97, AWR has a dividend in line with its industry peers.
  • AWR's Dividend Yield is a higher than the S&P500 average which is at 1.85.
Industry RankSector Rank
Dividend Yield 2.75%

5.2 History

  • On average, the dividend of AWR grows each year by 8.98%, which is quite nice.
  • AWR has been paying a dividend for at least 10 years, so it has a reliable track record.
  • AWR has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)8.98%
Div Incr Years34
Div Non Decr Years34
AWR Yearly Dividends per shareAWR Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5

5.3 Sustainability

  • 56.10% of the earnings are spent on dividend by AWR. This is a bit on the high side, but may be sustainable.
  • The dividend of AWR is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP56.1%
EPS Next 2Y5.73%
EPS Next 3Y6.58%
AWR Yearly Income VS Free CF VS DividendAWR Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M 100M -100M
AWR Dividend Payout.AWR Dividend Payout, showing the Payout Ratio.AWR Dividend Payout.PayoutRetained Earnings

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Find the best dividend stocksShow peers with best dividend

AMERICAN STATES WATER CO

NYSE:AWR (2/20/2026, 8:17:57 PM)

After market: 72.94 0 (0%)

72.94

-0.54 (-0.73%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryWater Utilities
Earnings (Last)02-18
Earnings (Next)05-05
Inst Owners85.21%
Inst Owner Change-1.92%
Ins Owners0.85%
Ins Owner Change-0.09%
Market Cap2.82B
Revenue(TTM)N/A
Net Income(TTM)129.63M
Analysts44.44
Price Target73.44 (0.69%)
Short Float %1.94%
Short Ratio3.03
Dividend
Industry RankSector Rank
Dividend Yield 2.75%
Yearly Dividend1.78
Dividend Growth(5Y)8.98%
DP56.1%
Div Incr Years34
Div Non Decr Years34
Ex-Date02-23
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.59%
Min EPS beat(2)-5.6%
Max EPS beat(2)4.43%
EPS beat(4)3
Avg EPS beat(4)4.22%
Min EPS beat(4)-5.6%
Max EPS beat(4)15.13%
EPS beat(8)4
Avg EPS beat(8)1.18%
EPS beat(12)7
Avg EPS beat(12)-1.03%
EPS beat(16)8
Avg EPS beat(16)-3.07%
Revenue beat(2)1
Avg Revenue beat(2)-2.1%
Min Revenue beat(2)-5.39%
Max Revenue beat(2)1.18%
Revenue beat(4)3
Avg Revenue beat(4)2.18%
Min Revenue beat(4)-5.39%
Max Revenue beat(4)12.45%
Revenue beat(8)5
Avg Revenue beat(8)3.26%
Revenue beat(12)7
Avg Revenue beat(12)6.25%
Revenue beat(16)7
Avg Revenue beat(16)2.51%
PT rev (1m)-11.11%
PT rev (3m)-11.66%
EPS NQ rev (1m)2.86%
EPS NQ rev (3m)2.86%
EPS NY rev (1m)0%
EPS NY rev (3m)1.22%
Revenue NQ rev (1m)11.13%
Revenue NQ rev (3m)11.13%
Revenue NY rev (1m)2.37%
Revenue NY rev (3m)1.03%
Valuation
Industry RankSector Rank
PE 21.64
Fwd PE 20.75
P/S 4.43
P/FCF 80.86
P/OCF 10.59
P/B 2.8
P/tB 2.8
EV/EBITDA 15.26
EPS(TTM)3.37
EY4.62%
EPS(NY)3.51
Fwd EY4.82%
FCF(TTM)0.9
FCFY1.24%
OCF(TTM)6.89
OCFY9.44%
SpS16.45
BVpS26.07
TBVpS26.07
PEG (NY)5.04
PEG (5Y)2.83
Graham Number44.46
Profitability
Industry RankSector Rank
ROA 4.88%
ROE 12.84%
ROCE 8.01%
ROIC 6.19%
ROICexc 6.26%
ROICexgc 6.26%
OM 30.92%
PM (TTM) 20.35%
GM 81.56%
FCFM 5.48%
ROA(3y)4.71%
ROA(5y)4.78%
ROE(3y)13.33%
ROE(5y)13.42%
ROIC(3y)6.15%
ROIC(5y)6.12%
ROICexc(3y)6.21%
ROICexc(5y)6.19%
ROICexgc(3y)6.21%
ROICexgc(5y)6.19%
ROCE(3y)8.5%
ROCE(5y)8.27%
ROICexgc growth 3Y0.1%
ROICexgc growth 5Y-0.78%
ROICexc growth 3Y0.12%
ROICexc growth 5Y-0.77%
OM growth 3Y3.23%
OM growth 5Y2.98%
PM growth 3Y1.9%
PM growth 5Y2.4%
GM growth 3Y1.3%
GM growth 5Y0.64%
F-Score6
Asset Turnover0.24
Health
Industry RankSector Rank
Debt/Equity 0.91
Debt/FCF 26.2
Debt/EBITDA 3.74
Cap/Depr 489.1%
Cap/Sales 36.37%
Interest Coverage 250
Cash Conversion 109.11%
Profit Quality 26.94%
Current Ratio 1.27
Quick Ratio 1.18
Altman-Z 1.87
F-Score6
WACC8.43%
ROIC/WACC0.73
Cap/Depr(3y)452.98%
Cap/Depr(5y)414.15%
Cap/Sales(3y)34.81%
Cap/Sales(5y)32.02%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)6.31%
EPS 3Y16.89%
EPS 5Y7.66%
EPS Q2Q%-1.33%
EPS Next Y4.3%
EPS Next 2Y5.73%
EPS Next 3Y6.58%
EPS Next 5Y5.8%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%14.8%
Revenue Next Year3.94%
Revenue Next 2Y3.1%
Revenue Next 3Y20.66%
Revenue Next 5Y3.41%
EBIT growth 1Y9.06%
EBIT growth 3Y9.5%
EBIT growth 5Y7.79%
EBIT Next Year33.31%
EBIT Next 3Y15.73%
EBIT Next 5Y12.48%
FCF growth 1Y136.45%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y215.79%
OCF growth 3Y19.79%
OCF growth 5Y11.2%

AMERICAN STATES WATER CO / AWR FAQ

What is the ChartMill fundamental rating of AMERICAN STATES WATER CO (AWR) stock?

ChartMill assigns a fundamental rating of 5 / 10 to AWR.


What is the valuation status of AMERICAN STATES WATER CO (AWR) stock?

ChartMill assigns a valuation rating of 4 / 10 to AMERICAN STATES WATER CO (AWR). This can be considered as Fairly Valued.


Can you provide the profitability details for AMERICAN STATES WATER CO?

AMERICAN STATES WATER CO (AWR) has a profitability rating of 7 / 10.


Can you provide the financial health for AWR stock?

The financial health rating of AMERICAN STATES WATER CO (AWR) is 5 / 10.


What is the expected EPS growth for AMERICAN STATES WATER CO (AWR) stock?

The Earnings per Share (EPS) of AMERICAN STATES WATER CO (AWR) is expected to grow by 4.3% in the next year.