Pure Cycle
Market Cap
US$275.2m
Last Updated
2021/01/22 00:36 UTC
Data Sources
Company Financials
Executive Summary
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. More Details
Risk Analysis
Snowflake Analysis
Flawless balance sheet with poor track record.
Similar Companies
Share Price & News
How has Pure Cycle's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PCYO is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: PCYO's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
0.9%
PCYO
1.9%
US Water Utilities
1.4%
US Market
1 Year Return
-10.0%
PCYO
5.2%
US Water Utilities
22.6%
US Market
Return vs Industry: PCYO underperformed the US Water Utilities industry which returned 7.7% over the past year.
Return vs Market: PCYO underperformed the US Market which returned 22.8% over the past year.
Shareholder returns
| PCYO | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.9% | 1.9% | 1.4% |
| 30 Day | 8.0% | 6.9% | 4.9% |
| 90 Day | 29.3% | 4.6% | 14.6% |
| 1 Year | -10.0%-10.0% | 7.1%5.2% | 25.4%22.6% |
| 3 Year | 32.5%32.5% | 66.5%57.3% | 46.8%37.0% |
| 5 Year | 184.7%184.7% | 130.2%108.4% | 132.0%106.1% |
Long-Term Price Volatility Vs. Market
How volatile is Pure Cycle's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 months ago | Simply Wall St
The Price Is Right For Pure Cycle Corporation (NASDAQ:PCYO)1 year ago | Simply Wall St
Based On Its ROE, Is Pure Cycle Corporation (NASDAQ:PCYO) A High Quality Stock?1 year ago | Simply Wall St
Pure Cycle (NASDAQ:PCYO) Shareholders Booked A 77% Gain In The Last Three YearsValuation
Is Pure Cycle undervalued compared to its fair value and its price relative to the market?
150.11x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate PCYO's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate PCYO's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: PCYO is poor value based on its PE Ratio (150.1x) compared to the US Water Utilities industry average (36.2x).
PE vs Market: PCYO is poor value based on its PE Ratio (150.1x) compared to the US market (21.1x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate PCYO's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PCYO is overvalued based on its PB Ratio (3.3x) compared to the US Water Utilities industry average (2.8x).
Next Steps
Future Growth
How is Pure Cycle forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
9.7%
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.
Next Steps
- 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.
- Explore growth companies in the Utilities industry.
Past Performance
How has Pure Cycle performed over the past 5 years?
69.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PCYO has a large one-off loss of $1.4M impacting its November 30 2020 financial results.
Growing Profit Margin: PCYO's current net profit margins (9%) are lower than last year (35.8%).
Past Earnings Growth Analysis
Earnings Trend: PCYO has become profitable over the past 5 years, growing earnings by 69.6% 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 (-81.6%) over the past year, making it difficult to compare to the Water Utilities industry average (4.3%).
Return on Equity
High ROE: PCYO's Return on Equity (2.2%) is considered low.
Next Steps
Financial Health
How is Pure Cycle's financial position?
Financial Position Analysis
Short Term Liabilities: PCYO's short term assets ($24.4M) exceed its short term liabilities ($4.4M).
Long Term Liabilities: PCYO's short term assets ($24.4M) exceed its long term liabilities ($1.6M).
Debt to Equity History and Analysis
Debt Level: PCYO is debt free.
Reducing Debt: PCYO had no debt 5 years ago.
Debt Coverage: PCYO has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: PCYO has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is Pure Cycle current dividend yield, its reliability and sustainability?
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.
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 PCYO'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?
13.4yrs
Average board tenure
CEO
Mark Harding (57 yo)
15.75yrs
Tenure
US$1,070,500
Compensation
Mr. Mark W. Harding has been the Chief Executive Officer of Pure Cycle Corporation since April 2005 and also has been its President since April 2001. Mr. Harding was Chief Financial Officer at Pure Cycle C...
CEO Compensation Analysis
Compensation vs Market: Mark's total compensation ($USD1.07M) is about average for companies of similar size in the US market ($USD989.90K).
Compensation vs Earnings: Mark's compensation has been consistent with company performance over the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 15.75yrs | US$1.07m | 2.92% $ 8.0m | |
| Independent Director | 15.92yrs | US$48.40k | 0.083% $ 227.0k | |
| Independent Director | no data | no data | no data | |
| Independent Director | 13.42yrs | US$45.40k | 0.069% $ 190.2k | |
| Independent Director | 5yrs | US$44.90k | 0.017% $ 46.1k | |
| Independent Director | 1yr | US$40.90k | 0.017% $ 46.1k | |
| Independent Director | no data | no data | no data |
13.4yrs
Average Tenure
57.5yo
Average Age
Experienced Board: PCYO's board of directors are seasoned and experienced ( 13.4 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 not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Pure Cycle Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Pure Cycle Corporation
- Ticker: PCYO
- Exchange: NasdaqCM
- Founded: 1976
- Industry: Water Utilities
- Sector: Utilities
- Market Cap: US$275.201m
- Shares outstanding: 23.87m
- Website: https://www.purecyclewater.com
Number of Employees
Location
- Pure Cycle Corporation
- Building 34
- 34501 East Quincy Avenue
- Watkins
- Colorado
- 80137
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| PCYO | NasdaqCM (Nasdaq Capital Market) | Yes | Common Stock | US | USD | Nov 1978 |
Biography
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, ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/22 00:36 |
| End of Day Share Price | 2021/01/21 00:00 |
| Earnings | 2020/11/30 |
| Annual Earnings | 2020/08/31 |
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.