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Consolidated Water

Nasdaq:CWCO
Snowflake Description

Excellent balance sheet with solid track record and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CWCO
Nasdaq
$206M
Market Cap
  1. Home
  2. US
  3. Utilities
Company description

Consolidated Water Co. Ltd., together with its subsidiaries, develops and operates seawater desalination plants and water distribution systems primarily in the Cayman Islands, the Bahamas, Indonesia, and the United States. The last earnings update was 10 days ago. More info.


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CWCO Share Price and Events
7 Day Returns
4.5%
NasdaqGS:CWCO
3.1%
US Water Utilities
-0.7%
US Market
1 Year Returns
9%
NasdaqGS:CWCO
28%
US Water Utilities
3%
US Market
CWCO Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Consolidated Water (CWCO) 4.5% 9.4% 5% 9% 4.3% 27%
US Water Utilities 3.1% 6.9% 8.3% 28% 48% 110.4%
US Market -0.7% -2% 2.4% 3% 39.2% 42%
1 Year Return vs Industry and Market
  • CWCO underperformed the Water Utilities industry which returned 28% over the past year.
  • CWCO outperformed the Market in United States of America which returned 3% over the past year.
Price Volatility
CWCO
Industry
5yr Volatility vs Market

CWCO Value

 Is Consolidated Water undervalued based on future cash flows and its price relative to the stock market?

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 undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Consolidated Water to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Consolidated Water.

NasdaqGS:CWCO Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:CWCO
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Water Utilities Unlevered Beta Simply Wall St/ S&P Global 0.36
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.361 (1 + (1- 21%) (1.68%))
0.575
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 5.96%)
7.5%

Discounted Cash Flow Calculation for NasdaqGS:CWCO using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Consolidated Water is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGS:CWCO DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.5%)
2019 0.99 Est @ -67.33% 0.93
2020 0.53 Est @ -46.31% 0.46
2021 0.37 Est @ -31.6% 0.29
2022 0.29 Est @ -21.3% 0.22
2023 0.25 Est @ -14.09% 0.17
2024 0.22 Est @ -9.05% 0.15
2025 0.21 Est @ -5.51% 0.13
2026 0.21 Est @ -3.04% 0.12
2027 0.20 Est @ -1.31% 0.11
2028 0.20 Est @ -0.1% 0.10
Present value of next 10 years cash flows $2.66
NasdaqGS:CWCO DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $0.20 × (1 + 2.73%) ÷ (7.5% – 2.73%)
$4.37
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $4.37 ÷ (1 + 7.5%)10
$2.12
NasdaqGS:CWCO Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $2.66 + $2.12
$4.78
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $4.78 / 15.02
$0.32
NasdaqGS:CWCO Discount to Share Price
Calculation Result
Value per share (USD) From above. $0.32
Current discount Discount to share price of $13.74
= -1 x ($13.74 - $0.32) / $0.32
-4214.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Consolidated Water is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Consolidated Water's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Consolidated Water's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:CWCO PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.73
NasdaqGS:CWCO Share Price ** NasdaqGS (2019-05-17) in USD $13.74
United States of America Water Utilities Industry PE Ratio Median Figure of 15 Publicly-Listed Water Utilities Companies 33.34x
United States of America Market PE Ratio Median Figure of 3,088 Publicly-Listed Companies 17.89x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Consolidated Water.

NasdaqGS:CWCO PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:CWCO Share Price ÷ EPS (both in USD)

= 13.74 ÷ 0.73

18.77x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Consolidated Water is good value based on earnings compared to the US Water Utilities industry average.
  • Consolidated Water is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Consolidated Water's expected growth come at a high price?
Raw Data
NasdaqGS:CWCO PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 18.77x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
-5.5%per year
United States of America Water Utilities Industry PEG Ratio Median Figure of 7 Publicly-Listed Water Utilities Companies 3.06x
United States of America Market PEG Ratio Median Figure of 2,117 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

NasdaqGS:CWCO PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 18.77x ÷ -5.5%

-3.44x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Consolidated Water earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Consolidated Water's assets?
Raw Data
NasdaqGS:CWCO PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $10.66
NasdaqGS:CWCO Share Price * NasdaqGS (2019-05-17) in USD $13.74
United States of America Water Utilities Industry PB Ratio Median Figure of 17 Publicly-Listed Water Utilities Companies 2.86x
United States of America Market PB Ratio Median Figure of 5,195 Publicly-Listed Companies 1.83x
NasdaqGS:CWCO PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:CWCO Share Price ÷ Book Value per Share (both in USD)

= 13.74 ÷ 10.66

1.29x

* Primary Listing of Consolidated Water.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Consolidated Water is good value based on assets compared to the US Water Utilities industry average.
X
Value checks
We assess Consolidated Water's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Water Utilities industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Water Utilities industry average (and greater than 0)? (1 check)
  5. Consolidated Water has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

CWCO Future Performance

 How is Consolidated Water expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth 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 it right!
Annual Growth Rate
-5.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Consolidated Water expected to grow at an attractive rate?
  • Consolidated Water's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Consolidated Water's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Consolidated Water's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:CWCO Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:CWCO Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts -5.5%
NasdaqGS:CWCO Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 4.5%
United States of America Water Utilities Industry Earnings Growth Rate Market Cap Weighted Average 10.8%
United States of America Water Utilities Industry Revenue Growth Rate Market Cap Weighted Average 4.5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:CWCO Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:CWCO Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 77 1
2020-12-31 69 10 2
2019-12-31 67 10 2
NasdaqGS:CWCO Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 68 12 11
2018-12-31 66 9 10
2018-09-30 61 7 9
2018-06-30 59 2 6
2018-03-31 58 17 4
2017-12-31 59 15 5
2017-09-30 62 17 6
2017-06-30 59 16 3
2017-03-31 60 7 5
2016-12-31 58 8 4
2016-09-30 57 10 4
2016-06-30 57 12 8

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Consolidated Water's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Consolidated Water's revenue is expected to grow by 4.5% yearly, however this is not considered high growth (20% yearly).
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.
Raw Data
NasdaqGS:CWCO Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Consolidated Water Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:CWCO Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.80 0.80 0.80 1.00
2020-12-31 0.69 0.73 0.65 2.00
2019-12-31 0.78 0.86 0.70 2.00
NasdaqGS:CWCO Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.73
2018-12-31 0.68
2018-09-30 0.61
2018-06-30 0.39
2018-03-31 0.28
2017-12-31 0.34
2017-09-30 0.40
2017-06-30 0.19
2017-03-31 0.31
2016-12-31 0.27
2016-09-30 0.27
2016-06-30 0.52

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Consolidated Water will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Consolidated Water's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Consolidated Water has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

CWCO Past Performance

  How has Consolidated Water performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Consolidated Water's growth in the last year to its industry (Water Utilities).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Consolidated Water's year on year earnings growth rate has been positive over the past 5 years.
  • Consolidated Water's 1-year earnings growth exceeds its 5-year average (159.5% vs 4.8%)
  • Consolidated Water's earnings growth has exceeded the US Water Utilities industry average in the past year (159.5% vs -1.1%).
Earnings and Revenue History
Consolidated Water's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Consolidated Water Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:CWCO Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 68.15 10.96 14.04
2018-12-31 65.72 10.17 14.33
2018-09-30 61.09 9.18 13.61
2018-06-30 58.83 5.79 13.56
2018-03-31 58.24 4.23 14.01
2017-12-31 59.37 5.09 14.14
2017-09-30 61.59 5.97 14.64
2017-06-30 59.45 2.82 14.37
2017-03-31 59.52 4.53 14.21
2016-12-31 57.88 3.95 13.87
2016-09-30 57.18 3.98 15.44
2016-06-30 57.35 7.74 14.30
2016-03-31 56.48 7.64 13.12
2015-12-31 57.12 7.51 12.56
2015-09-30 59.02 6.88 10.61
2015-06-30 61.43 6.99 11.10
2015-03-31 63.88 7.52 11.22
2014-12-31 65.56 6.25 13.04
2014-09-30 65.56 6.38 14.03
2014-06-30 63.98 5.40 14.36
2014-03-31 63.62 5.50 14.17
2013-12-31 63.82 8.58 12.40
2013-09-30 65.21 11.20 14.54
2013-06-30 65.62 11.60 14.33
2013-03-31 65.28 10.71 14.18
2012-12-31 65.45 9.31 12.46
2012-09-30 62.40 6.50 14.45
2012-06-30 59.37 6.48 13.38

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Consolidated Water has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Consolidated Water used its assets more efficiently than the US Water Utilities industry average last year based on Return on Assets.
  • Consolidated Water has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Consolidated Water's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Water Utilities industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. 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.
Consolidated Water has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

CWCO Health

 How is Consolidated Water's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Consolidated Water's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Consolidated Water is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Consolidated Water's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Consolidated Water'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 checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 20.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, 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.
Raw Data

All data from Consolidated Water Company Filings, last reported 1 month ago.

NasdaqGS:CWCO Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 169.07 3.46 38.02
2018-12-31 163.76 0.00 31.34
2018-09-30 162.04 1.08 34.37
2018-06-30 158.27 0.29 34.09
2018-03-31 156.97 0.29 43.68
2017-12-31 156.02 0.69 45.48
2017-09-30 155.97 0.39 46.98
2017-06-30 155.49 0.39 45.95
2017-03-31 155.71 0.88 36.53
2016-12-31 154.11 0.49 39.25
2016-09-30 153.37 0.49 37.09
2016-06-30 157.30 0.49 37.08
2016-03-31 156.12 6.98 41.19
2015-12-31 148.20 6.96 50.43
2015-09-30 147.30 7.50 46.40
2015-06-30 146.41 8.00 44.96
2015-03-31 145.20 8.50 41.75
2014-12-31 144.08 9.00 40.71
2014-09-30 144.02 9.50 38.58
2014-06-30 143.11 10.00 39.44
2014-03-31 141.51 0.00 34.29
2013-12-31 141.50 5.21 42.21
2013-09-30 141.21 5.63 44.41
2013-06-30 141.39 6.04 43.43
2013-03-31 139.30 6.45 44.43
2012-12-31 136.12 6.85 42.46
2012-09-30 133.47 7.25 40.21
2012-06-30 132.94 7.63 39.18
  • Consolidated Water's level of debt (2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0.1% vs 2% today).
  • Debt is well covered by operating cash flow (348.1%, greater than 20% of total debt).
  • Consolidated Water earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Consolidated Water's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Consolidated Water has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

CWCO Dividends

 What is Consolidated Water's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.47%
Current annual income from Consolidated Water dividends.
If you bought $2,000 of Consolidated Water shares you are expected to receive $49 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Consolidated Water's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • Consolidated Water's dividend is below the markets top 25% of dividend payers in United States of America (3.69%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:CWCO Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
United States of America Water Utilities Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 1.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2000 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:CWCO Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
NasdaqGS:CWCO Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-03-19 0.340 2.636
2018-11-19 0.340 2.715
2018-08-20 0.340 2.559
2018-05-30 0.340 2.534
2018-03-09 0.340 2.475
2017-11-27 0.340 2.642
2017-08-25 0.300 2.418
2017-06-05 0.300 2.396
2017-03-14 0.300 2.607
2016-08-31 0.300 2.740
2016-06-10 0.300 2.294
2016-03-17 0.300 2.300
2015-12-01 0.300 2.654
2015-11-09 0.300 2.609
2015-08-10 0.300 2.646
2015-02-25 0.300 2.533
2014-12-16 0.300 2.808
2014-09-15 0.300 2.555
2014-06-02 0.300 2.652
2014-03-21 0.300 2.563
2013-12-02 0.300 2.290
2013-09-17 0.300 2.114
2013-06-18 0.300 2.462
2013-03-13 0.300 3.019
2012-09-11 0.300 3.676
2012-06-05 0.300 3.665
2012-03-16 0.300 4.063
2011-12-12 0.300 3.593
2011-09-12 0.300 3.516
2011-06-16 0.300 3.466
2011-03-17 0.300 3.046
2010-12-13 0.300 2.950
2010-08-30 0.300 3.208
2010-06-08 0.300 2.698
2010-03-23 0.300 2.228
2009-11-24 0.300 2.249
2009-08-12 0.300 1.870
2009-06-08 0.260 1.571

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Consolidated Water's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.2x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Consolidated Water's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Consolidated Water afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Consolidated Water has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

CWCO Management

 What is the CEO of Consolidated Water's salary, the management and board of directors tenure and is there insider trading?

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.
CEO
Rick McTaggart
COMPENSATION $978,438
AGE 55
TENURE AS CEO 15.3 years
CEO Bio

Mr. Frederick W. McTaggart, also known as Rick, has been a Director of Consolidated Water Co. Ltd. since 1998. He has been the Chief Executive Officer of Consolidated Water Co. Ltd. since January 1, 2004 and serves as President since October 2000. Mr. Mctaggart served as the Chief Financial Officer of Consolidated Water Co. Ltd. from February 2001 to January 1, 2004 and as its Chief Operating Officer from October 2000 to January 1, 2004. From April 1994 to October 2000, he served as Managing Director of the Water Authority-Cayman, the government-owned water utility serving certain areas of the Cayman Islands. From March 1987 to April 1994, he held the positions of Deputy Director and Operations Engineer with the Water Authority — Cayman. Mr. McTaggart holds B.S. degree in Building Construction from the Georgia Institute of Technology in 1985.

CEO Compensation
  • Rick's compensation has been consistent with company performance over the past year.
  • Rick's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Consolidated Water management team in years:

8.7
Average Tenure
55
Average Age
  • The average tenure for the Consolidated Water management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Rick McTaggart

TITLE
CEO, President & Director
COMPENSATION
$978K
AGE
55
TENURE
15.3 yrs

David Sasnett

TITLE
Executive VP & CFO
COMPENSATION
$532K
AGE
61
TENURE
12.9 yrs

Ramjeet Jerrybandan

TITLE
Executive VP of Operations & Company Secretary
COMPENSATION
$434K
AGE
50
TENURE
2.4 yrs

Brent Brodie

TITLE
Vice President of Sales & Marketing
COMPENSATION
$292K
AGE
55
TENURE
8.7 yrs

John Tonner

TITLE
Executive VP & Chief Commercial Officer
COMPENSATION
$497K
AGE
57
TENURE
7.3 yrs
Board of Directors Tenure

Average tenure and age of the Consolidated Water board of directors in years:

21.3
Average Tenure
62
Average Age
  • The average tenure for the Consolidated Water board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Wilmer Pergande

TITLE
Chairman of the Board
COMPENSATION
$159K
AGE
78
TENURE
9.5 yrs

Rick McTaggart

TITLE
CEO, President & Director
COMPENSATION
$978K
AGE
55
TENURE
21.3 yrs

Brian Butler

TITLE
Director
COMPENSATION
$68K
AGE
68
TENURE
36.3 yrs

Richard Finlay

TITLE
Director
COMPENSATION
$94K
AGE
59
TENURE
24.3 yrs

Lenny Sokolow

TITLE
Director
COMPENSATION
$95K
AGE
61
TENURE
12.9 yrs

Clarence Flowers

TITLE
Director
COMPENSATION
$61K
AGE
62
TENURE
28.3 yrs

Raymond Whittaker

TITLE
Director
COMPENSATION
$89K
AGE
64
TENURE
30.5 yrs

Carson Ebanks

TITLE
Director
COMPENSATION
$66K
AGE
62
TENURE
18 yrs

Linda Beidler-D'Aguilar

TITLE
Director
AGE
55
TENURE
0.5 yrs
Who owns this company?
Recent Insider Trading
  • Consolidated Water insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
18. Apr 19 Sell Clarence Flowers Individual 16. Apr 19 16. Apr 19 -7,393 $12.54 $-92,722
08. Apr 19 Sell Wilmer Pergande Individual 04. Apr 19 05. Apr 19 -2,383 $12.87 $-30,465
01. Apr 19 Sell Wilmer Pergande Individual 28. Mar 19 28. Mar 19 -858 $13.12 $-11,259
18. Apr 19 Sell Clarence Flowers Individual 26. Mar 19 26. Mar 19 -6,603 $13.50 $-89,144
11. Sep 18 Sell Raymond Whittaker Individual 07. Sep 18 07. Sep 18 -17,011 $14.20 $-241,556
X
Management checks
We assess Consolidated Water's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Consolidated Water has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

CWCO News

Simply Wall St News

Does The Data Make Consolidated Water Co. Ltd. (NASDAQ:CWCO) An Attractive Investment?

If you're interested in understanding beyond my broad commentary, take a look at the report on Consolidated Water here. … NasdaqGS:CWCO Historical Dividend Yield, May 16th 2019 Next Steps: For Consolidated Water, there are three key aspects you should look at: Future Outlook: What are well-informed industry analysts predicting for CWCO’s future growth? … Take a look at our free research report of analyst consensus for CWCO’s outlook.

Simply Wall St -

One Thing To Remember About The Consolidated Water Co. Ltd. (NASDAQ:CWCO) Share Price

Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Before we go on, it's worth noting that Warren Buffett pointed out in his 2014 letter to shareholders that 'volatility is far from synonymous with risk.' Having said that, beta can still be rather useful. … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Here's What Consolidated Water Co. Ltd.'s (NASDAQ:CWCO) P/E Ratio Is Telling Us

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … Consolidated Water has a price to earnings ratio of 18.97, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Are Consolidated Water Co. Ltd.’s (NASDAQ:CWCO) Returns Worth Your While?

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Return On Capital Employed (ROCE): What is it? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

Is Consolidated Water Co. Ltd. (NASDAQ:CWCO) A Smart Pick For Income Investors?

A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. … Does Consolidated Water tick all the boxes of a great dividend stock? … Check out our latest analysis for Consolidated Water

Simply Wall St -

Income Investors Should Know The Consolidated Water Co. Ltd. (NASDAQ:CWCO) Ex-Dividend Date

Ltd.'s (NASDAQ:CWCO) upcoming dividend of US$0.085 per share, you only have 4 days left to buy the shares before its ex-dividend date, 29 March 2019, in time for dividends payable on the 30 April 2019. … Below, I'm going to look at the latest data and analyze the stock and its dividend property in further detail. … Has it consistently paid a stable dividend without missing a payment or drastically cutting payout?

Simply Wall St -

Consolidated Water (NASDAQ:CWCO) Shareholders Have Enjoyed A 15% Share Price Gain

One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. … Consolidated Water was able to grow its EPS at 15% per year over three years, sending the share price higher. … The average annual share price increase of 4.6% is actually lower than the EPS growth.

Simply Wall St -

What Is Consolidated Water Co. Ltd.'s (NASDAQ:CWCO) Share Price Doing?

Consolidated Water Co. … As a small cap stock, hardly covered by any analysts, there is generally more of an opportunity for mispricing as there is less activity to push the stock closer to fair value? … Let’s examine Consolidated Water’s valuation and outlook in more detail to determine if there’s still a bargain opportunity

Simply Wall St -

Have Insiders Been Selling Consolidated Water Co. Ltd. (NASDAQ:CWCO) Shares?

We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. … It is perfectly legal for company insiders, including board members, to buy and sell stock in a company. … Consolidated Water Insider Transactions Over The Last Year.

Simply Wall St -

Is Consolidated Water Co. Ltd. (NASDAQ:CWCO) Excessively Paying Its CEO?

In 2004 Rick McTaggart was appointed CEO of Consolidated Water Co. … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Rick McTaggart's Compensation Compare With Similar Sized Companies?

Simply Wall St -

CWCO Company Info

Description

Consolidated Water Co. Ltd., together with its subsidiaries, develops and operates seawater desalination plants and water distribution systems primarily in the Cayman Islands, the Bahamas, Indonesia, and the United States. The company operates through four segments: Retail, Bulk, Services, and Manufacturing. It uses reverse osmosis technology to produce potable water from seawater. The company produces and supplies water to end-users, including residential, commercial, and government customers, as well as government-owned distributors. It also provides design, engineering, construction, procurement, and management services for desalination projects and plants. In addition, the company manufactures and services a range of water-related products, including reverse osmosis desalination equipment, membrane separation equipment, filtration equipment, piping systems, vessels, and custom fabricated components; and provides design, engineering, consulting, management, inspection, training, and equipment maintenance services for commercial, municipal, and industrial water production, supply, and treatment, as well as wastewater treatment. Consolidated Water Co. Ltd. was founded in 1973 and is headquartered in Grand Cayman, the Cayman Islands.

Details
Name: Consolidated Water Co. Ltd.
CWCO
Exchange: NasdaqGS
Founded: 1973
$206,379,526
15,020,344
Website: http://www.cwco.com
Address: Consolidated Water Co. Ltd.
Regatta Office Park,
Windward Three, 4th Floor,
Grand Cayman,
KY1-1102,
Cayman Islands
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS CWCO Class A Common Stock Nasdaq Global Select US USD 17. May 1995
DB CW2 Class A Common Stock Deutsche Boerse AG DE EUR 17. May 1995
Number of employees
Current staff
Staff numbers
108
Consolidated Water employees.
Industry
Water Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 01:45
End of day share price update: 2019/05/17 00:00
Last estimates confirmation: 2019/05/14
Last earnings filing: 2019/05/10
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.