Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
It is not possible to calculate the future cash flow value for
Two Rivers Water & Farming. This is due to cash flow or dividend data being
unavailable. The share price is
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.
The amount the stock market is willing to pay for
Two Rivers Water & Farming's
is considered below, and whether this is a fair price.
Price based on past earnings
Two Rivers Water & Farming's earnings available for a low price, and how does
this compare to other companies in the same industry?
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 Two Rivers Water & Farming 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 Simply Wall St do have past financial data. You can see them here.
Show me the analysis anyway
The future performance of a company is measured in the same way as past
performance, by looking at estimated
and how much profit it is expected to make.
Future estimates come from
professional analysts. Just like forecasting the weather, they don’t always get
Expected Real Estate industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Two Rivers Water & Farming
expected to grow at an
Unable to compare Two Rivers Water & Farming's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
Unable to compare Two Rivers Water & Farming's earnings growth to the United States of America market average as no estimate data is available.
Unable to compare Two Rivers Water & Farming's revenue growth to the United States of America market average as no estimate data is available.
Unable to determine if Two Rivers Water & Farming is high growth as no earnings estimate data is available.
Unable to determine if Two Rivers Water & Farming is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can
be gauged below. We look back 3 years and see if they were any good at
predicting what actually occurred. We also show the highest and lowest estimates
looking forward to see if there is a wide range.
While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Two Rivers Water & Farming's filings and announcements here.
Two Rivers Water & Farming's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent
earnings report. Some checks require at least 3 or 5 years worth of data.
Two Rivers Water & Farming
has a total score of
3/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
A company's financial position is much like your own financial position,
it includes everything you own
The boxes below represent the relative size of what makes up
Two Rivers Water & Farming's finances.
The net worth of a company is the difference between its assets and liabilities.
Two Rivers Water & Farming's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
Two Rivers Water & Farming's long term commitments exceed its cash and other short term assets.
This treemap shows a more detailed breakdown of
Two Rivers Water & Farming's finances. If any of them are yellow this
indicates they may be out of proportion and red means they relate to one of the
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Low level of unsold assets.
Debt is not covered by short term assets, assets are 0x debt.
Nearly all companies have debt. Debt in itself isn’t
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.
The graphic below shows equity (available funds) and debt, we ideally want to
see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and
whether the level has increased over the past 5 years.
Management is one of the most important areas of a company. We look at
unreasonable CEO compensation, how long the team and board of directors have
been around for and insider trading.
TENURE AS CEO
Mr. Wayne E. Harding, III, has been Chairman and Chief Executive Officer of Two Rivers Water & Farming Company (formerly, Navidec Financial Services) since since September 2016 and June 13, 2016 respectively. Mr. Harding has been Chief Financial Officer at Two Rivers Water & Farming Company since September 2009 and also serves as its President. He served as Controller of Two Rivers Water & Farming Company from 2008 to September 2009. Mr. Harding serves as Vice President, Secretary and Treasurer at TRWC, Inc. Mr. Harding serves as the Chief Financial Officer of GrowCo, Inc. and served as its President and Principal Accounting Officer. Mr. Harding has over 22 years of experience in accounting, auditing and public company reporting. He served as the Secretary of Two Rivers Water & Farming Company since September 11, 2009 until May 2017 and served as Chief Administrative Officer. He served as Vice President of Business Development at Rivet Software since December 2004. From August 2002 to December 2004, he was owner and President of Wayne Harding & Company Certified Public Accountants. He served as director-business development of CPA2Biz from 2000 to August 2002. He has been a Director of Two Rivers Water & Farming Company since June 13, 2016. He provided consulting services for AeroGrow from December 2003 through March 2004. He served as Independent Director of Aerogrow International, Inc. from December 09, 2011 until March 31, 2018. He serves as Director of Emperor Investments Ltd. He served as a Director of Aerogrow International, Inc. from October 2005 to April 2007. He served as a Director of Two Rivers Water Company from November 19, 2009 to October 2010. He served as President of the Colorado Society of Certified Public Accountants and member of the Governing Council for the American Institute of Certified Public Accountants. He holds Charter Global Management Accountant designation. Mr. Harding is a Certified Public Accountant licensed in Colorad. He holds BSBA in Accounting and an MBA from the University of Denver.
Wayne's compensation has been consistent with company performance over the past year, both up more than 20%.
Wayne's remuneration is lower than average for companies of similar size in United States of America.
Two Rivers Water & Farming Company owns a portfolio of water rights in the Arkansas River Basin in southeastern Colorado. It operates through Greenhouse and Water segments. As of December 31, 2018, the company managed a total of 6,265 acres of land. It also develops and leases greenhouses and warehouses. The company was formerly known as Two Rivers Water Company and changed its name to Two Rivers Water & Farming Company in December 2012. Two Rivers Water & Farming Company was founded in 2002 and is headquartered in Aurora, Colorado.
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