CALIFORNIA WATER SERVICE GRP (CWT)       64.93  +1.78 (+2.82%)

64.93  +1.78 (+2.82%)

US1307881029 - Common Stock - After market: 64.93 0 (0%)


Fundamental Rating

3

Overall CWT gets a fundamental rating of 3 out of 10. We evaluated CWT against 14 industry peers in the Water Utilities industry. CWT scores bad on very profitability, while its financial health is fine. Not spectacular, but in line with the averages. CWT has a expensive valuation and it also scores bad on growth




Profitability

Profitability Rating

1

The Piotroski-F score of CWT is 5.00. This is a neutral score and indicates average health and profitability for CWT.
CWT has a Return On Assets of 2.10%. This is below the industry average of 3.06%.

CWT's Return On Equity of 6.28% is worse than the rest of the industry. The industry average Return On Equity is 9.97%. 82% of the industry peers have a better Return On Equity.
CWT has a Profit Margin of 9.76%. This is below the industry average of 16.59%.
VS Industry

ROA (2.1%) VS Industry: 30% outperformed.

-123.82
7.44

ROE (6.28%) VS Industry: 18% outperformed.

3.52
16.99

Profit Margin (9.76%) VS Industry: 23% outperformed.

-2,232.58
41.81

Valuation

Valuation Rating

1

When comparing the current price to the book value of CWT, we can conclude it is valued correctly. It is trading at 2.80 times its book value.
When comparing the price book ratio of CWT to the average industry price book ratio of 3.19, CWT is valued in line with its industry peers.
Compared to an average industry Enterprise Value to EBITDA ratio of 19.68, CWT is valued in line with its industry peers.
The Price/Earnings Ratio is 43.87, which means the current valuation is very expensive for CWT.

With a Price/Earning Ratio of 43.87, CWT is valued a higher than the industry average, which is at 37.33. 91% of the companies listed in the same industry are cheaper than CWT!
The Forward Price/Earnings Ratio of 31.90 indicates a quite expensive current valuation of CWT.
The high PEG Ratio, which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
VS Industry

Price/Earnings (43.87) VS Industry: 9% outperformed.

58.09
18.33

Price/Book (2.8) VS Industry: 53% outperformed.

102.74
1.40

Enterprise Value/ EBITDA (19.48) VS Industry: 54% outperformed.

27.29
8.07

Growth

Growth Rating

3

Measured over the past 5 years, CWT shows a quite strong growth in Earnings Per Share. The EPS has been growing by 14.18% on average per year.
The Earnings Per Share is expected to grow by 5.04% on average over the next 5 years.
Looking at the last year, CWT shows a small growth in Revenue. The Revenue has grown by 1.50% in the last year.
Measured over the past 5 years, CWT shows a small growth in Revenue. The Revenue has been growing by 5.35% on average per year.

CWT is expected to show a small growth in Revenue. In the coming 5 years, the Revenue will grow by 2.13% yearly.
The earnings per share for CWT have decreased strongly by -32.73% in the last year.
When comparing the EPS growth rate of the last years to the growth rate of the upcoming 5 years, we see that the growth is decreasing.
The Revenue growth is decreasing: in the next 5 years the growth will be less than in the last years.

PastFuture
5Y3Y1Y1Y2Y3Y5Y
EPS14.18% 15.87% -32.73% -5.83% 1.9% 3.31% 5.04%
Revenue5.35% 4.24% 1.5% 2.85% 3.71% 3.22% 2.13%

Health

Health Rating

5

When comparing the Current Ratio to an average industry Current Ratio of 0.99, CWT is better placed than the average industry peer to meet its short term obligations.
The Quick Ratio of CWT is much better than the industry average of 0.62.
A Current Ratio of 1.05 indicates that CWT should not have too much problems paying its short term obligations.
A Quick Ratio of 1.02 indicates that CWT should not have too much problems paying its short term obligations.

The Debt to Equity ratio of CWT is in line with the industry averages.
The Altman-Z score is in line with the industry averages, which is at 1.34.
The Piotroski-F score of CWT is 5.00. This is a neutral score and indicates average health and profitability for CWT.
Based on the Altman-Z score of 1.34, we must say that CWT is in the distress zone and has some risk of bankruptcy.
VS Industry

Debt/Equity (0.83) VS Industry: 53% outperformed.

3.22
0.00

Quick Ratio (1.02) VS Industry: 61% outperformed.

0.34
5.36

Current Ratio (1.05) VS Industry: 61% outperformed.

0.37
5.62

Altman-Z (1.34) VS Industry: 53% outperformed.

-32.27
9.06

Dividend

Dividend Rating

4

On average, the dividend of CWT grows each year by 7.05%, which is quite nice.
CWT has paid a dividend for at least 10 years, which is a reliable track record.
With a Yearly Dividend Yield of 1.58%, CWT has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 1.79, CWT's dividend is way lower than its industry peers. On top of this 80% of the companies listed in the same industry pay a better dividend than CWT!

CWT's Dividend Yield is slightly below the S&P500 average, which is at 2.47.
The dividend of CWT is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
CWT pays out 65.95% of its income as dividend. This is not a sustainable payout ratio.
VS Industry

Dividend Yield (1.58%) VS Industry: 20% outperformed.

1.33
2.44
CWT Daily chart

CALIFORNIA WATER SERVICE GRP64.93

NYSE:CWT (11/30/2022, 7:27:06 PM)+1.78 (+2.82%)

After market: 64.93 0 (0%)

Chartmill FA Rating
GICS Sector Utilities
GICS IndustryGroup Utilities
GICS Industry Water Utilities
Earnings (Last) 10-27 2022-10-27/bmo Earnings (Next) 02-22 2023-02-22
Ins Owners 0.91% Inst Owners 80.1%
Market Cap 3.56B Analysts 50.91
Valuation
PE 43.87 Fwd PE 31.9
PEG (NY) N/A PEG (5Y) 3.09
P/S 4.35 P/B 2.8
EV/EBITDA 19.48
Dividend
Dividend Yield 1.58% Dividend Growth 7.05%
DP 65.95% Ex-Date 11-04 2022-11-04 (0.25)
Growth
EPS 1Y -32.73% EPS 3Y 15.87%
EPS 5Y 14.18% EPS growth Q2Q -14.17%
EPS Next Y -5.83% EPS Next 2Y 1.9%
EPS Next 3Y 3.31% EPS Next 5Y 5.04%
Revenue growth 1Y 1.5% Revenue growth 3Y 4.24%
Revenue growth 5Y 5.35% Revenue growth Q2Q 3.73%
Revenue Next Year 2.85% Revenue Next 2Y 3.71%
Revenue Next 3Y 3.22% Revenue Next 5Y 2.13%
Health
Current Ratio 1.05 Quick Ratio 1.02
Altman-Z 1.34 F-Score 5
Debt/Equity 0.83 WACC 7.08%
ROIC/WACC 0.36
Profitability
ROA 2.1% ROE 6.28%
ROICexgc 2.56% ROIC 2.47%
PM 9.76% OM 13.56%
Asset Turnover 0.22

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