PCYO Stock Overview
Pure Cycle Corporation designs, constructs, operates, and maintains water and wastewater systems in the Denver metropolitan area and Colorado Front Range in the United States.
Pure Cycle Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$10.71|
|52 Week High||US$16.55|
|52 Week Low||US$9.46|
|1 Month Change||3.38%|
|3 Month Change||8.62%|
|1 Year Change||-29.63%|
|3 Year Change||5.94%|
|5 Year Change||49.79%|
|Change since IPO||328.40%|
Recent News & Updates
Pure Cycle GAAP EPS of $0.03, revenue of $3.19M
Pure Cycle press release (NASDAQ:PCYO): Q3 GAAP EPS of $0.03. Revenue of $3.19M (+19.5% Y/Y).
3 Best Real Estate Stocks To Buy Now; I Like PCYO Best
Inflation has reared its ugly head, and interest rate hikes have just begun. Standard long lease REITs will see the value of their cash flow decline. Firms where the value is mostly assets (which should appreciate in value) and less contracted cash flows (which will decline) should do well.
Pure Cycle: 50-70% Conservative NAV, Hard-Asset Company, Lots Of Free Options And Insiders Own 21%
PCYO is an under-the-radar land and water resource company trading at a discount to a conservative NAV (0.5x-0.7x P/NAV). Despite trading at a discount, there are also a ton of free call options attached. This is a good opportunity to invest in hard assets (land, water) at a discount alongside management which owns ~21% (CEO owns ~4%).
|PCYO||US Water Utilities||US Market|
Return vs Industry: PCYO underperformed the US Water Utilities industry which returned -7.6% over the past year.
Return vs Market: PCYO underperformed the US Market which returned -13.5% over the past year.
|PCYO Average Weekly Movement||4.2%|
|Water Utilities Industry Average Movement||4.1%|
|Market Average Movement||7.9%|
|10% most volatile stocks in US Market||17.0%|
|10% least volatile stocks in US Market||3.2%|
Stable Share Price: PCYO is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: PCYO's weekly volatility (4%) has been stable over the past year.
About the Company
Pure Cycle Corporation designs, constructs, operates, and maintains water and wastewater systems in the Denver metropolitan area and Colorado Front Range in the United States. It operates in two segments, Wholesale Water and Wastewater Services, and Land Development. The company engages in the wholesale water production, storage, treatment, and distribution systems; wastewater collection and treatment systems; development of master-planned community; and oil and gas leasing business.
Pure Cycle Fundamentals Summary
|PCYO fundamental statistics|
Is PCYO overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|PCYO income statement (TTM)|
|Cost of Revenue||US$4.29m|
Last Reported Earnings
May 31, 2022
Next Earnings Date
|Earnings per share (EPS)||0.25|
|Net Profit Margin||34.63%|
How did PCYO perform over the long term?See historical performance and comparison
Is PCYO undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 1/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for PCYO?
Other financial metrics that can be useful for relative valuation.
|What is PCYO's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does PCYO's PE Ratio compare to its peers?
|PCYO PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
CWCO Consolidated Water
GWRS Global Water Resources
ARTN.A Artesian Resources
YORW York Water
PCYO Pure Cycle
Price-To-Earnings vs Peers: PCYO is good value based on its Price-To-Earnings Ratio (43.7x) compared to the peer average (47.3x).
Price to Earnings Ratio vs Industry
How does PCYO's PE Ratio compare vs other companies in the Global Water Utilities Industry?
Price-To-Earnings vs Industry: PCYO is expensive based on its Price-To-Earnings Ratio (43.7x) compared to the US Water Utilities industry average (38.3x)
Price to Earnings Ratio vs Fair Ratio
What is PCYO's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||43.7x|
|Fair PE Ratio||n/a|
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate PCYO's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of PCYO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: Insufficient data to calculate PCYO's fair value for valuation analysis.
Significantly Below Fair Value: Insufficient data to calculate PCYO's fair value for valuation analysis.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.
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How is Pure Cycle forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
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 Pure Cycle 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.
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- Examine Pure Cycle's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
How has Pure Cycle performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PCYO has high quality earnings.
Growing Profit Margin: PCYO's current net profit margins (34.6%) are lower than last year (85%).
Past Earnings Growth Analysis
Earnings Trend: PCYO has become profitable over the past 5 years, growing earnings by 54.1% per year.
Accelerating Growth: PCYO's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: PCYO had negative earnings growth (-69%) over the past year, making it difficult to compare to the Water Utilities industry average (-2.3%).
Return on Equity
High ROE: PCYO's Return on Equity (5.5%) is considered low.
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How is Pure Cycle's financial position?
Financial Health Score4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: PCYO's short term assets ($24.0M) exceed its short term liabilities ($5.3M).
Long Term Liabilities: PCYO's short term assets ($24.0M) exceed its long term liabilities ($2.7M).
Debt to Equity History and Analysis
Debt Level: PCYO has more cash than its total debt.
Reducing Debt: Insufficient data to determine if PCYO's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: PCYO's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: PCYO's interest payments on its debt are well covered by EBIT (3.8x coverage).
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What is Pure Cycle current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate PCYO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate PCYO's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if PCYO's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if PCYO's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as PCYO has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Mark Harding (59 yo)
Mr. Mark W. Harding has been the Chief Executive Officer of Pure Cycle Corporation since April 2005 and also has been its President since April 2001. Mr. Harding was Chief Financial Officer at Pure Cycle C...
CEO Compensation Analysis
Compensation vs Market: Mark's total compensation ($USD1.02M) is below average for companies of similar size in the US market ($USD1.68M).
Compensation vs Earnings: Mark's compensation has been consistent with company performance over the past year.
Experienced Board: PCYO's board of directors are not considered experienced ( 2.6 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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Pure Cycle Corporation's employee growth, exchange listings and data sources
- Name: Pure Cycle Corporation
- Ticker: PCYO
- Exchange: NasdaqCM
- Founded: 1976
- Industry: Water Utilities
- Sector: Utilities
- Implied Market Cap: US$256.833m
- Shares outstanding: 23.98m
- Website: https://www.purecyclewater.com
Number of Employees
- Pure Cycle Corporation
- Building 34
- 34501 East Quincy Avenue
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/10 00:00|
|End of Day Share Price||2022/08/10 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.