PICO Holdings, Inc., together with its subsidiaries, engages in the water resource and water storage activities in the southwestern United States.
Flawless balance sheet and overvalued.
Share Price & News
How has PICO Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PICO has not had significant price volatility in the past 3 months.
7 Day Return
US Commercial Services
1 Year Return
US Commercial Services
Return vs Industry: PICO underperformed the US Commercial Services industry which returned -2.5% over the past year.
Return vs Market: PICO underperformed the US Market which returned 9.9% over the past year.
Price Volatility Vs. Market
How volatile is PICO Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StIs PICO Holdings, Inc.'s (NASDAQ:PICO) High P/E Ratio A Problem For Investors?
2 weeks ago | Simply Wall StCould The PICO Holdings, Inc. (NASDAQ:PICO) Ownership Structure Tell Us Something Useful?
Is PICO Holdings undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: PICO ($8.38) is trading above our estimate of fair value ($0.18)
Significantly Below Fair Value: PICO is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: PICO is poor value based on its PE Ratio (55.1x) compared to the Commercial Services industry average (19.2x).
PE vs Market: PICO is poor value based on its PE Ratio (55.1x) compared to the US market (15.7x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate PICO's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PICO is good value based on its PB Ratio (0.9x) compared to the US Commercial Services industry average (1.4x).
How is PICO Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Commercial Services industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as PICO Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Examine PICO Holdings's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Explore growth companies in the Commercial Services industry.
How has PICO Holdings performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PICO has a large one-off loss of $1.0M impacting its March 31 2020 financial results.
Growing Profit Margin: PICO's current net profit margins (17.3%) are lower than last year (23.5%).
Past Earnings Growth Analysis
Earnings Trend: PICO has become profitable over the past 5 years, growing earnings by 65% per year.
Accelerating Growth: PICO's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: PICO had negative earnings growth (-50.4%) over the past year, making it difficult to compare to the Commercial Services industry average (5.8%).
Return on Equity
High ROE: PICO's Return on Equity (1.7%) is considered low.
How is PICO Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: PICO's short term assets ($11.6M) exceed its short term liabilities ($169.0K).
Long Term Liabilities: PICO's short term assets ($11.6M) exceed its long term liabilities ($1.1M).
Debt to Equity History and Analysis
Debt Level: PICO is debt free.
Reducing Debt: PICO has no debt compared to 5 years ago when its debt to equity ratio was 45.1%.
Debt Coverage: PICO has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: PICO has no debt, therefore coverage of interest payments is not a concern.
What is PICO Holdings's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate PICO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate PICO's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if PICO's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if PICO's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of PICO's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Dorothy Timian-Palmer (61yo)
Ms. Dorothy Ann Timian-Palmer, P.E. serves as President and Chief Executive Officer of Vidler Water Company, PICO Holdings, Inc. wholly-owned subsidiary which owns water resources and water storage operati ...
CEO Compensation Analysis
Compensation vs Market: Dorothy's total compensation ($USD837.22K) is below average for companies of similar size in the US market ($USD1.38M).
Compensation vs Earnings: Dorothy's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|Executive Chairman||3.42yrs||US$580.75k||0.44% $709.2k|
|Independent Director||3yrs||US$43.75k||no data|
|Lead Independent Director||2yrs||US$35.00k||0.37% $593.3k|
|Independent Director||2.17yrs||US$43.75k||no data|
Experienced Board: PICO's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: PICO insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
PICO Holdings, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: PICO Holdings, Inc.
- Ticker: PICO
- Exchange: NasdaqGS
- Founded: 1981
- Industry: Environmental and Facilities Services
- Sector: Commercial Services
- Market Cap: US$161.847m
- Shares outstanding: 19.31m
- Website: https://www.picoholdings.com
Number of Employees
- PICO Holdings, Inc.
- 3480 GS Richards Boulevard
- Suite 101
- Carson City
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|PICO||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Nov 1996|
|PID||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Nov 1996|
PICO Holdings, Inc., together with its subsidiaries, engages in the water resource and water storage activities in the southwestern United States. It engages in selling its water rights and storage credits in Arizona, Colorado, Nevada, and New Mexico. The Company sells its water rights to real estate developers, power generating facilities, or other commercial and industrial users, as well as to water utilities, municipalities, and other government agencies; and sells its stored water to state agencies, commercial developers, or municipalities for their commercial projects or communities. It also leases and sells water assets and land. PICO Holdings, Inc. was founded in 1981 and is based in Carson City, Nevada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/05/31 03:37|
|End of Day Share Price||2020/05/29 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.