American States Water
Market Cap
US$3.5b
Last Updated
2019/10/23 23:33 UTC
Data Sources
Company Financials +
Executive Summary
American States Water Company, through its subsidiaries, provides water and electric services to residential, industrial, and other customers in the United States.
Snowflake
Fundamentals
Proven track record average dividend payer.
Similar Companies
Share Price & News
How has American States Water's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
1.4%
AWR
0.7%
US Water Utilities
0.4%
US Market
1 Year Return
53.9%
AWR
33.3%
US Water Utilities
11.4%
US Market
Return vs Industry: AWR exceeded the US Water Utilities industry which returned 33.3% over the past year.
Return vs Market: AWR exceeded the US Market which returned 11.4% over the past year.
Shareholder returns
| AWR | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.4% | 0.7% | 0.4% |
| 30 Day | 5.6% | 1.1% | 0.3% |
| 90 Day | 23.6% | 9.3% | -1.2% |
| 1 Year | 56.4%53.9% | 35.9%33.3% | 13.9%11.4% |
| 3 Year | 159.9%145.6% | 76.4%66.0% | 47.2%37.6% |
| 5 Year | 199.6%170.9% | 142.1%116.9% | 62.4%44.6% |
Price Volatility Vs. Market
How volatile is American States Water's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Should You Be Worried About Insider Transactions At American States Water Company (NYSE:AWR)?2 weeks ago | Simply Wall St
Do Institutions Own American States Water Company (NYSE:AWR) Shares?4 weeks ago | Simply Wall St
Is American States Water Company's (NYSE:AWR) 13% ROE Better Than Average?Valuation
Is American States Water undervalued compared to its fair value and its price relative to the market?
45.65x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: AWR ($94.37) is trading above our estimate of fair value ($25.72)
Significantly Below Fair Value: AWR is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: AWR is poor value based on its PE Ratio (45.6x) compared to the Water Utilities industry average (40x).
PE vs Market: AWR is poor value based on its PE Ratio (45.6x) compared to the US market (17.7x).
Price to Earnings Growth Ratio
PEG Ratio: AWR is poor value based on its PEG Ratio (14.6x)
Price to Book Ratio
PB vs Industry: AWR is overvalued based on its PB Ratio (6x) compared to the US Water Utilities industry average (2.7x).
Next Steps
Future Growth
How is American States Water forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
3.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AWR's forecast earnings growth (3.1% per year) is above the savings rate (2.7%).
Earnings vs Market: AWR's earnings (3.1% per year) are forecast to grow slower than the US market (14.3% per year).
High Growth Earnings: AWR's earnings are forecast to grow, but not significantly.
Revenue vs Market: AWR's revenue (2.7% per year) is forecast to grow slower than the US market (7.2% per year).
High Growth Revenue: AWR's revenue (2.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: AWR's Return on Equity is forecast to be low in 3 years time (14.5%).
Next Steps
Past Performance
How has American States Water performed over the past 5 years?
3.0%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: AWR's earnings have grown by 3% per year over the past 5 years.
Accelerating Growth: AWR's earnings growth over the past year (25.3%) exceeds its 5-year average (3% per year).
Earnings vs Industry: AWR earnings growth over the past year (25.3%) exceeded the Water Utilities industry 2.3%.
Return on Equity
High ROE: AWR's Return on Equity (13.2%) is considered low.
Return on Assets
ROA vs Industry: AWR has a higher Return on Assets than the Water Utilities industry average last year.
Return on Capital Employed
ROCE Improving: AWR's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is American States Water's financial position?
Financial Position Analysis
Short Term Liabilities: AWR's short term assets ($122.0M) exceeds its short term liabilities ($106.3M)
Long Term Liabilities: AWR's short term assets (122.0M) do not cover its long term liabilities (882.2M)
Debt to Equity History and Analysis
Debt Level: AWR's debt to equity ratio (80.7%) is considered high
Reducing Debt: AWR's debt to equity ratio has increased from 67% to 80.7% over the past 5 years.
Debt Coverage: AWR's debt is well covered by operating cash flow (24.9%).
Interest Coverage: AWR's interest payments on its debt are well covered by EBIT (6x coverage).
Balance Sheet
Inventory Level: AWR has a high level of physical assets or inventory.
Debt Coverage by Assets: AWR's debt is not covered by short term assets (assets are 0.3x debt).
Next Steps
Dividend
What is American States Water's current dividend yield, its reliability and sustainability?
1.29%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: AWR's dividend (1.29%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: AWR's dividend (1.29%) is low compared to the top 25% of dividend payers in the US market (3.68%).
Stable Dividend: AWR's dividends per share have been stable in the past 10 years.
Growing Dividend: AWR's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (53.2%), AWR's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: AWR's dividends in 3 years are forecast to be covered by earnings (52.1% payout ratio).
Next Steps
Management
What is the CEO of American States Water's salary, the management and board of directors tenure and is there insider trading?
8.4yrs
Average board tenure
CEO
Robert Sprowls (61yo)
10.8yrs
Tenure
US$3,006,037
Compensation
Mr. Robert J. Sprowls, also known as Bob, serves as Chief Executive Officer and President at American States Utility Services Inc. Mr. Sprowls has been the Chief Executive Officer and President of American ...
CEO Compensation Analysis
Compensation vs. Market: Robert's total compensation ($USD3.01M) is about average for companies of similar size in the US market ($USD5.12M).
Compensation vs Earnings: Robert's compensation has been consistent with company performance over the past year.
Board Age and Tenure
8.4yrs
Average Tenure
68yo
Average Age
Experienced Board: AWR's board of directors are considered experienced (8.4 years average tenure).
Insider Trading
Insider Buying: AWR insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Shares | 1,105 |
| Max Price | US$91.06 |
| Entity | Individual |
| Shares | 500 |
| Max Price | US$89.73 |
| Entity | Individual |
| Shares | 400 |
| Max Price | US$89.64 |
| Entity | Individual |
| Shares | 400 |
| Max Price | US$92.53 |
| Entity | Individual |
| Shares | 500 |
| Max Price | US$92.92 |
| Entity | Individual |
| Shares | 1,105 |
| Max Price | US$90.73 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 2,500 |
| Max Price | US$84.15 |
| Entity | Individual |
| Shares | 2,150 |
| Max Price | US$80.29 |
| Entity | Individual |
| Shares | 400 |
| Max Price | US$77.47 |
| Entity | Individual |
| Shares | 7,150 |
| Max Price | US$75.63 |
| Entity | Individual |
| Shares | 400 |
| Max Price | US$75.23 |
| Entity | Individual |
| Shares | 500 |
| Max Price | US$72.99 |
| Entity | Individual |
| Shares | 300 |
| Max Price | US$73.16 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 2,326 |
| Max Price | US$74.62 |
| Entity | Individual |
| Role | Chairman of the Board |
| Shares | 500 |
| Max Price | US$72.92 |
| Entity | Individual |
| Shares | 2,100 |
| Max Price | US$71.95 |
| Entity | Individual |
| Role | Chief Executive Officer CEO, President & Director |
| Shares | 87 |
| Max Price | US$72.14 |
| Entity | Individual |
| Role | Chief Executive Officer CEO, President & Director |
| Shares | 2,585 |
| Max Price | US$73.14 |
| Entity | Individual |
| Role | Chief Executive Officer CEO, President & Director |
| Shares | 200 |
| Max Price | US$72.09 |
| Entity | Individual |
| Shares | 300 |
| Max Price | US$71.03 |
| Entity | Individual |
| Role | Chief Executive Officer CEO, President & Director |
| Shares | 3,838 |
| Max Price | US$72.29 |
| Entity | Individual |
| Shares | 500 |
| Max Price | US$69.40 |
| Entity | Individual |
| Shares | 300 |
| Max Price | US$71.50 |
| Entity | Individual |
| Role | Chief Executive Officer CEO, President & Director |
| Shares | 12,402 |
| Max Price | US$72.16 |
| Entity | Individual |
| Shares | 673 |
| Max Price | US$71.02 |
| Entity | Individual |
| Shares | 346 |
| Max Price | US$71.25 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 3,049 |
| Max Price | US$70.40 |
| Entity | Individual |
| Shares | 300 |
| Max Price | US$71.05 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 1,500 |
| Max Price | US$71.20 |
| Entity | Individual |
| Shares | 585 |
| Max Price | US$71.16 |
| Entity | Individual |
| Shares | 300 |
| Max Price | US$67.63 |
| Entity | Individual |
| Shares | 500 |
| Max Price | US$64.88 |
| Entity | Individual |
| Shares | 300 |
| Max Price | US$66.61 |
| Entity | Individual |
| Shares | 300 |
| Max Price | US$67.26 |
| Entity | Individual |
| Role | Chairman of the Board |
| Shares | 500 |
| Max Price | US$67.04 |
| Entity | Individual |
| Shares | 300 |
| Max Price | US$61.44 |
Ownership Breakdown
Management Team
Robert Sprowls (61yo)
CEO, President & Director
- Tenure: 10.8yrs
- Compensation: US$3.01m
Eva Tang (63yo)
Senior VP of Finance
- Tenure: 10.9yrs
- Compensation: US$788.97k
Gladys Farrow (54yo)
Assistant Secretary
- Tenure: 0yrs
Board Members
Jim McNulty (76yo)
Independent Director
- Tenure: 9.8yrs
- Compensation: US$155.11k
Anne Holloway (67yo)
- Tenure: 0.8yrs
- Compensation: US$165.52k
James Anderson (75yo)
Director
- Tenure: 22.8yrs
- Compensation: US$160.61k
Robert Sprowls (61yo)
CEO, President & Director
- Tenure: 10.8yrs
- Compensation: US$3.01m
John Fielder (74yo)
Director
- Tenure: 6.8yrs
- Compensation: US$149.77k
Janice Wilkins (74yo)
Director
- Tenure: 8.4yrs
- Compensation: US$150.52k
Diana Bontá (68yo)
Director
- Tenure: 12.8yrs
- Compensation: US$151.61k
Mary Hopkins (54yo)
Independent Director
- Tenure: 0.4yrs
Sally Anderson (68yo)
Independent Director
- Tenure: 7.6yrs
- Compensation: US$157.77k
Company Information
American States Water Company's company bio, employee growth, exchange listings and data sources
Key Information
- Name: American States Water Company
- Ticker: AWR
- Exchange: NYSE
- Founded: 1929
- Industry: Water Utilities
- Sector: Utilities
- Market Cap: US$3.476b
- Shares outstanding: 36.83m
- Website: https://www.aswater.com
Number of Employees
Location
- American States Water Company
- 630 East Foothill Boulevard
- San Dimas
- California
- 91773
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| AWR | NYSE (New York Stock Exchange) | Yes | Common Shares | US | USD | Jan 1969 |
| FDK | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Jan 1969 |
| AWR * | BMV (Bolsa Mexicana de Valores) | Yes | Common Shares | MX | MXN | Jan 1969 |
Biography
American States Water Company, through its subsidiaries, provides water and electric services to residential, industrial, and other customers in the United States. It operates through three segments: Water ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/23 23:33 |
| End of Day Share Price | 2019/10/23 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.