American States Water Company

NYSE:AWR Stock Report

Mkt Cap: US$3.6b

We’ve recently updated our valuation analysis.

American States Water Valuation

Is AWR undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for AWR?

Other financial metrics that can be useful for relative valuation.

AWR key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue8.9x
Enterprise Value/EBITDA24.2x
PEG Ratio5.2x

Price to Earnings Ratio vs Peers

How does AWR's PE Ratio compare to its peers?

The above table shows the PE ratio for AWR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average39.4x
CWT California Water Service Group
43x12.0%US$3.4b
SJW SJW Group
41.5x8.6%US$2.4b
MSEX Middlesex Water
37.3xn/aUS$1.6b
YORW York Water
35.7xn/aUS$662.7m
AWR American States Water
45.3x8.8%US$3.6b

Price-To-Earnings vs Peers: AWR is expensive based on its Price-To-Earnings Ratio (45.3x) compared to the peer average (39.4x).


Price to Earnings Ratio vs Industry

How does AWR's PE Ratio compare vs other companies in the Global Water Utilities Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a8.4%
n/an/an/a

Price-To-Earnings vs Industry: AWR is expensive based on its Price-To-Earnings Ratio (45.3x) compared to the Global Water Utilities industry average (16.7x)


Price to Earnings Ratio vs Fair Ratio

What is AWR'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.

AWR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio45.3x
Fair PE Ratio21x

Price-To-Earnings vs Fair Ratio: AWR is expensive based on its Price-To-Earnings Ratio (45.3x) compared to the estimated Fair Price-To-Earnings Ratio (21x).


Share Price vs Fair Value

What is the Fair Price of AWR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: AWR ($97.91) is trading above our estimate of fair value ($38.3)

Significantly Below Fair Value: AWR is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst AWR forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$97.91
US$95.33
-2.6%
6.6%US$104.00US$86.31n/a4
Jan ’24US$92.55
US$93.46
+1.0%
6.6%US$104.00US$86.31n/a5
Dec ’23US$98.68
US$92.26
-6.5%
6.7%US$104.00US$86.31n/a5
Nov ’23US$88.04
US$91.83
+4.3%
6.0%US$101.00US$86.31n/a4
Oct ’23US$77.95
US$90.86
+16.6%
8.2%US$101.00US$80.00n/a5
Sep ’23US$83.78
US$87.39
+4.3%
11.8%US$101.00US$70.00n/a6
Aug ’23US$87.76
US$82.40
-6.1%
13.0%US$101.00US$70.00n/a5
Jul ’23US$83.69
US$84.00
+0.4%
12.9%US$101.00US$70.00n/a5
Jun ’23US$79.39
US$85.00
+7.1%
12.0%US$101.00US$70.00n/a5
May ’23US$78.66
US$89.00
+13.1%
12.7%US$101.00US$70.00n/a5
Apr ’23US$92.76
US$88.40
-4.7%
12.9%US$101.00US$70.00n/a5
Mar ’23US$83.51
US$88.60
+6.1%
12.8%US$101.00US$70.00n/a5
Feb ’23US$89.96
US$92.20
+2.5%
12.4%US$101.00US$70.00US$96.985
Jan ’23US$103.44
US$92.80
-10.3%
12.4%US$101.00US$70.00US$92.555
Dec ’22US$94.10
US$87.50
-7.0%
15.1%US$101.00US$70.00US$98.686
Nov ’22US$89.54
US$87.00
-2.8%
14.7%US$101.00US$70.00US$88.046
Oct ’22US$85.58
US$86.92
+1.6%
14.6%US$101.00US$70.00US$77.956
Sep ’22US$93.85
US$90.30
-3.8%
12.4%US$101.00US$70.00US$83.785
Aug ’22US$88.32
US$85.00
-3.8%
9.4%US$94.00US$70.00US$87.765
Jul ’22US$80.28
US$84.50
+5.3%
10.5%US$94.00US$70.00US$83.694
Jun ’22US$79.12
US$84.00
+6.2%
10.4%US$94.00US$70.00US$79.394
May ’22US$79.19
US$82.25
+3.9%
10.1%US$93.00US$70.00US$78.664
Apr ’22US$75.89
US$81.25
+7.1%
10.0%US$93.00US$70.00US$92.764
Mar ’22US$73.42
US$83.00
+13.0%
10.4%US$93.00US$70.00US$83.514
Feb ’22US$79.33
US$83.50
+5.3%
10.2%US$93.00US$70.00US$89.964

Analyst Forecast: Target price is lower than the current share price.


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