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CDZI

CadizNasdaqGM:CDZI Stock Report

Last Price

US$3.03

Market Cap

US$132.3m

7D

-8.5%

1Y

-72.6%

Updated

23 Jan, 2022

Data

Company Financials +
CDZI fundamental analysis
Snowflake Score
Valuation2/6
Future Growth5/6
Past Performance0/6
Financial Health2/6
Dividends0/6

CDZI Stock Overview

Cadiz Inc. operates as a natural resources development company in the United States.

Price History & Performance

Summary of all time highs, changes and price drops for Cadiz
Historical stock prices
Current Share PriceUS$3.03
52 Week HighUS$14.69
52 Week LowUS$2.90
Beta-0.0035
1 Month Change-24.25%
3 Month Change-50.97%
1 Year Change-72.58%
3 Year Change-70.44%
5 Year Change-79.53%
Change since IPO-99.22%

Recent News & Updates

Dec 14
Here's Why Cadiz (NASDAQ:CDZI) Can Afford Some Debt

Here's Why Cadiz (NASDAQ:CDZI) Can Afford Some Debt

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...

Shareholder Returns

CDZIUS Water UtilitiesUS Market
7D-8.5%-1.9%-6.1%
1Y-72.6%2.8%4.2%

Return vs Industry: CDZI underperformed the US Water Utilities industry which returned 2.8% over the past year.

Return vs Market: CDZI underperformed the US Market which returned 4.2% over the past year.

Price Volatility

Is CDZI's price volatile compared to industry and market?
CDZI volatility
CDZI Average Weekly Movement11.1%
Water Utilities Industry Average Movement3.5%
Market Average Movement6.7%
10% most volatile stocks in US Market15.5%
10% least volatile stocks in US Market2.4%

Stable Share Price: CDZI is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: CDZI's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
198310Scott Slaterhttps://www.cadizinc.com

Cadiz Inc. operates as a natural resources development company in the United States. It engages in the water resource and agricultural development activities in San Bernardino County properties. The company owns approximately 35,000 acres of land in the Cadiz and Fenner valleys of eastern San Bernardino County; and approximately 11,000 acres of land in the eastern Mojave Desert portion of San Bernardino County.

Cadiz Fundamentals Summary

How do Cadiz's earnings and revenue compare to its market cap?
CDZI fundamental statistics
Market CapUS$132.28m
Earnings (TTM)-US$34.81m
Revenue (TTM)US$562.00k

235.4x

P/S Ratio

-3.8x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CDZI income statement (TTM)
RevenueUS$562.00k
Cost of RevenueUS$0
Gross ProfitUS$562.00k
ExpensesUS$35.37m
Earnings-US$34.81m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.80
Gross Margin100.00%
Net Profit Margin-6,194.13%
Debt/Equity Ratio97.8%

How did CDZI perform over the long term?

See historical performance and comparison

Valuation

Is Cadiz undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CDZI ($3.03) is trading below our estimate of fair value ($242.72)

Significantly Below Fair Value: CDZI is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CDZI is unprofitable, so we can't compare its PE Ratio to the US Water Utilities industry average.

PE vs Market: CDZI is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CDZI's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CDZI's PB Ratio (2.8x) is in line with the US Water Utilities industry average.


Future Growth

How is Cadiz forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

64.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CDZI is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

Earnings vs Market: CDZI is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: CDZI's is expected to become profitable in the next 3 years.

Revenue vs Market: CDZI's revenue (105.1% per year) is forecast to grow faster than the US market (9.1% per year).

High Growth Revenue: CDZI's revenue (105.1% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if CDZI's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Cadiz performed over the past 5 years?

-4.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CDZI is currently unprofitable.

Growing Profit Margin: CDZI is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CDZI is unprofitable, and losses have increased over the past 5 years at a rate of 4.3% per year.

Accelerating Growth: Unable to compare CDZI's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CDZI is unprofitable, making it difficult to compare its past year earnings growth to the Water Utilities industry (15.3%).


Return on Equity

High ROE: CDZI has a negative Return on Equity (-70.8%), as it is currently unprofitable.


Financial Health

How is Cadiz's financial position?


Financial Position Analysis

Short Term Liabilities: CDZI's short term assets ($20.8M) exceed its short term liabilities ($4.7M).

Long Term Liabilities: CDZI's short term assets ($20.8M) do not cover its long term liabilities ($68.3M).


Debt to Equity History and Analysis

Debt Level: CDZI's net debt to equity ratio (58.3%) is considered high.

Reducing Debt: CDZI had negative shareholder equity 5 years ago, but is now positive and has therefore improved.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: CDZI has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: CDZI has less than a year of cash runway if free cash flow continues to reduce at historical rates of 16.4% each year


Dividend

What is Cadiz current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate CDZI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate CDZI'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 CDZI's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CDZI'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 CDZI's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

11.6yrs

Average board tenure


CEO

Scott Slater (63 yo)

10.75yrs

Tenure

US$798,060

Compensation

Mr. Scott S. Slater has been the Chief Executive Officer and President of Cadiz Inc. since February 1, 2013 and April 12, 2011, respectively. Mr. Slater manages the day-to-day operation of Cadiz and its pr...


CEO Compensation Analysis

Compensation vs Market: Scott's total compensation ($USD798.06K) is above average for companies of similar size in the US market ($USD584.00K).

Compensation vs Earnings: Scott's compensation has increased whilst the company is unprofitable.


Board Members

Experienced Board: CDZI's board of directors are seasoned and experienced ( 11.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: CDZI insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 22.8%.


Top Shareholders

Company Information

Cadiz Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Cadiz Inc.
  • Ticker: CDZI
  • Exchange: NasdaqGM
  • Founded: 1983
  • Industry: Water Utilities
  • Sector: Utilities
  • Implied Market Cap: US$132.278m
  • Shares outstanding: 43.66m
  • Website: https://www.cadizinc.com

Number of Employees


Location

  • Cadiz Inc.
  • 550 South Hope Street
  • Suite 2850
  • Los Angeles
  • California
  • 90071
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/23 23:05
End of Day Share Price2022/01/21 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.