Global Water Resources, Inc., a water resource management company, owns, operates, and manages regulated water, wastewater, and recycled water utilities primarily in metropolitan Phoenix, Arizona.
Moderate growth potential with imperfect balance sheet.
Share Price & News
How has Global Water Resources's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: GWRS has not had significant price volatility in the past 3 months.
7 Day Return
US Water Utilities
1 Year Return
US Water Utilities
Return vs Industry: GWRS exceeded the US Water Utilities industry which returned 28.2% over the past year.
Return vs Market: GWRS exceeded the US Market which returned 10.5% over the past year.
Price Volatility Vs. Market
How volatile is Global Water Resources's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 weeks ago | Simply Wall StRead This Before Buying Global Water Resources, Inc. (NASDAQ:GWRS) For Its Dividend
1 month ago | Simply Wall StIs Global Water Resources, Inc.'s (NASDAQ:GWRS) CEO Pay Justified?
1 month ago | Simply Wall StWho Has Been Selling Global Water Resources, Inc. (NASDAQ:GWRS) Shares?
Is Global Water Resources 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: GWRS ($12.81) is trading above our estimate of fair value ($2.36)
Significantly Below Fair Value: GWRS is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: GWRS is poor value based on its PE Ratio (116.3x) compared to the Water Utilities industry average (38.1x).
PE vs Market: GWRS is poor value based on its PE Ratio (116.3x) compared to the US market (17.2x).
Price to Earnings Growth Ratio
PEG Ratio: GWRS is poor value based on its PEG Ratio (5x)
Price to Book Ratio
PB vs Industry: GWRS is overvalued based on its PB Ratio (10.5x) compared to the US Water Utilities industry average (2.8x).
How is Global Water Resources forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GWRS's forecast earnings growth (23.1% per year) is above the savings rate (1.7%).
Earnings vs Market: GWRS's earnings (23.1% per year) are forecast to grow faster than the US market (13.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: GWRS's revenue (5.2% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: GWRS's revenue (5.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if GWRS's Return on Equity is forecast to be high in 3 years time
How has Global Water Resources performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GWRS has high quality earnings.
Growing Profit Margin: GWRS's current net profit margins (6.8%) are lower than last year (16.9%).
Past Earnings Growth Analysis
Earnings Trend: GWRS's earnings have declined by -58.1% per year over the past 5 years.
Accelerating Growth: GWRS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: GWRS had negative earnings growth (-60.2%) over the past year, making it difficult to compare to the Water Utilities industry average (1%).
Return on Equity
High ROE: GWRS's Return on Equity (9%) is considered low.
Return on Assets
Return on Capital Employed
How is Global Water Resources's financial position?
Financial Position Analysis
Short Term Liabilities: GWRS's short term assets ($16.3M) exceed its short term liabilities ($11.0M).
Long Term Liabilities: GWRS's short term assets ($16.3M) do not cover its long term liabilities ($229.1M).
Debt to Equity History and Analysis
Debt Level: GWRS's debt to equity ratio (434%) is considered high.
Reducing Debt: GWRS's debt to equity ratio has reduced from 442.1% to 434% over the past 5 years.
Debt Coverage: GWRS's debt is not well covered by operating cash flow (10.8%).
Interest Coverage: GWRS's interest payments on its debt are not well covered by EBIT (1.5x coverage).
Inventory Level: GWRS has a high level of physical assets or inventory.
Debt Coverage by Assets: GWRS's debt is not covered by short term assets (assets are 0.1x debt).
What is Global Water Resources's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: GWRS's dividend (2.26%) is higher than the bottom 25% of dividend payers in the US market (1.52%).
High Dividend: GWRS's dividend (2.26%) is low compared to the top 25% of dividend payers in the US market (3.9%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, GWRS has been paying a dividend for less than 10 years.
Growing Dividend: GWRS's dividend payments have increased, but the company has only paid a dividend for 4 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (261.7%), GWRS's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Ron Fleming (39yo)
Mr. Ron L. Fleming has been the Chief Executive Officer and President of Global Water Resources, Inc. since May 2015 and its Chairman since November 2018. He served as Interim Chief Executive Officer of Gl ...
CEO Compensation Analysis
Compensation vs Market: Ron's total compensation ($USD667.55K) is below average for companies of similar size in the US market ($USD1.73M).
Compensation vs Earnings: Ron's compensation has been consistent with company performance over the past year.
|Senior VP||5.8yrs||US$510.98k||0.053% $164.9k|
|VP & Controller||1.5yrs||no data||0.00089% $2.8k|
Experienced Management: GWRS's management team is considered experienced (4.8 years average tenure).
|Independent Director||9.2yrs||US$95.28k||0.20% $605.1k|
|Independent Director||1yrs||no data||no data|
|Lead Independent Director||1.3yrs||US$90.13k||0.22% $687.0k|
|Independent Director||1.8yrs||US$28.07k||0.071% $220.3k|
|Independent Director||1.8yrs||US$28.07k||no data|
Experienced Board: GWRS's board of directors are not considered experienced ( 1.8 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: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 7.5%.
Global Water Resources, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Global Water Resources, Inc.
- Ticker: GWRS
- Exchange: NasdaqGM
- Founded: 2003
- Industry: Water Utilities
- Sector: Utilities
- Market Cap: US$309.664m
- Shares outstanding: 22.54m
- Website: https://www.gwresources.com
Number of Employees
- Global Water Resources, Inc.
- 21410 North 19th Avenue
- Suite 220
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|GWRS||NasdaqGM (Nasdaq Global Market)||Yes||Common Stock||US||USD||Apr 2016|
|GWR||TSX (The Toronto Stock Exchange)||Yes||Common Stock||CA||CAD||Apr 2016|
|GGL||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Apr 2016|
Global Water Resources, Inc., a water resource management company, owns, operates, and manages regulated water, wastewater, and recycled water utilities primarily in metropolitan Phoenix, Arizona. As of December 31, 2018, it served approximately 55,000 people in 21,000 homes. The company was founded in 2003 and is based in Phoenix, Arizona.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/26 00:56|
|End of Day Share Price||2020/02/25 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.