NasdaqGM:CDZI

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Weak fundamentals or lack of information.

Share Price & News

How has Cadiz's share price performed over time and what events caused price changes?


Latest Share Price and Events

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

Volatility Over Time: CDZI's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

-0.5%

CDZI

0.8%

US Water Utilities

0.7%

US Market


1 Year Return

-11.1%

CDZI

13.5%

US Water Utilities

22.2%

US Market

Return vs Industry: CDZI underperformed the US Water Utilities industry which returned 14% over the past year.

Return vs Market: CDZI underperformed the US Market which returned 22.7% over the past year.


Shareholder returns

CDZIIndustryMarket
7 Day-0.5%0.8%0.7%
30 Day5.5%3.8%11.8%
90 Day-3.2%10.1%8.6%
1 Year-11.1%-11.1%15.5%13.5%25.0%22.2%
3 Year-25.8%-25.8%54.3%45.7%49.4%39.5%
5 Year145.7%145.7%138.7%116.1%100.2%78.1%

Long-Term Price Volatility Vs. Market

How volatile is Cadiz's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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


In this section, we usually try to help investors determine whether Cadiz is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Cadiz has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

Future Growth

How is Cadiz forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

9.9%

Forecasted Utilities 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 Cadiz 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.


Next Steps

Past Performance

How has Cadiz performed over the past 5 years?

-7.5%

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 7.5% 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 (10.8%).


Return on Equity

High ROE: CDZI's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is Cadiz's financial position?


Financial Position Analysis

Short Term Liabilities: CDZI has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: CDZI has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: CDZI has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: CDZI's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


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 10.3% each year


Next Steps

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?

8.8yrs

Average board tenure


CEO

Scott Slater (62 yo)

7.83yrs

Tenure

US$500,000

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 ($USD500.00K) is below average for companies of similar size in the US market ($USD1.79M).

Compensation vs Earnings: Scott's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Keith Brackpool
Founder & Chairman19.58yrsUS$526.11k0.47%
$ 1.7m
Scott Slater
President7.83yrsUS$500.00k0.083%
$ 295.3k
Murray Hutchinson
Independent Director23.5yrsUS$62.50k0.18%
$ 628.2k
Stephen Courter
Independent Director12.17yrsUS$62.50k0.079%
$ 283.4k
Richard Nevins
Independent Director4.42yrsUS$62.50k0.063%
$ 225.7k
Winston Hickox
Independent Director14.17yrsUS$62.50k0.31%
$ 1.1m
Geoffrey Grant
Lead Independent Director3.83yrsUS$62.50k0.36%
$ 1.3m
Maria Echaveste
Independent Director1.42yrsUS$37.50k0.0066%
$ 23.5k
Carolyn Webb de Macías
Independent Director1.42yrsUS$37.50k0.0066%
$ 23.5k

8.8yrs

Average Tenure

65yo

Average Age

Experienced Board: CDZI's board of directors are considered experienced (8.8 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if 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 31.6%.


Top Shareholders

Company Information

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


Key Information

  • Name: Cadiz Inc.
  • Ticker: CDZI
  • Exchange: NasdaqGM
  • Founded: 1983
  • Industry: Water Utilities
  • Sector: Utilities
  • Market Cap: US$357.218m
  • Shares outstanding: 35.54m
  • Website: https://www.cadizinc.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CDZINasdaqGM (Nasdaq Global Market)YesCommon StockUSUSDMay 1985
2ZCDB (Deutsche Boerse AG)YesCommon StockDEEURMay 1985
0HS4LSE (London Stock Exchange)YesCommon StockGBUSDMay 1985

Biography

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 compan...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/02 23:20
End of Day Share Price2020/12/02 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.