NYSE:AWR

Stock Analysis Report

American States Water

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

-1.3%

NYSE:AWR

-2.0%

US Water Utilities

1.2%

US Market


1 Year Return

47.5%

NYSE:AWR

27.6%

US Water Utilities

1.7%

US Market

AWR outperformed the Water Utilities industry which returned 27.6% over the past year.

AWR outperformed the Market in United States of America which returned 1.7% over the past year.


Share holder returns

AWRIndustryMarket
7 Day-1.3%-2.0%1.2%
30 Day3.8%-0.5%4.9%
90 Day21.1%5.3%3.7%
1 Year49.8%47.5%30.1%27.6%3.9%1.7%
3 Year146.4%132.8%72.5%62.0%47.2%37.7%
5 Year226.5%195.2%153.9%127.4%60.0%42.4%

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

Valuation

Is American States Water undervalued based on future cash flows and its price relative to the stock market?

43.8x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

American States Water's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

American States Water's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

American States Water is overvalued based on earnings compared to the US Water Utilities industry average.

American States Water is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

American States Water is poor value based on expected growth next year.


Price Based on Value of Assets

American States Water is overvalued based on assets compared to the US Water Utilities industry average.


Next Steps

Future Growth

How is American States Water expected 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 Estimates


Future Annual Growth Analysis

American States Water's revenue is expected to grow by 2.4% yearly, however this is not considered high growth (20% yearly).

American States Water's earnings are expected to grow by 3.1% yearly, however this is not considered high growth (20% yearly).

American States Water's revenue growth is positive but not above the United States of America market average.

American States Water's earnings growth is positive but not above the United States of America market average.

American States Water's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

American States Water is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


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

American States Water's year on year earnings growth rate has been positive over the past 5 years.

American States Water's 1-year earnings growth exceeds its 5-year average (25.3% vs 3%)

American States Water's earnings growth has exceeded the US Water Utilities industry average in the past year (25.3% vs 2.3%).


Return on Equity

American States Water has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

American States Water used its assets more efficiently than the US Water Utilities industry average last year based on Return on Assets.


Return on Capital Employed

American States Water's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is American States Water's financial position?


Financial Position Analysis

American States Water is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

American States Water's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

American States Water's level of debt (80.7%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (67% vs 80.7% today).

Debt is well covered by operating cash flow (24.9%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 6x coverage).


Balance Sheet

High level of physical assets or inventory.

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?

1.35%

Expected Dividend Yield


Dividend Yield and Payments Analysis

American States Water's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).

American States Water's dividend is below the markets top 25% of dividend payers in United States of America (3.67%).

Dividends per share have been stable in the past 10 years.

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.9x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (1.9x coverage).


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?

8.3yrs

Average board tenure


CEO

Robert Sprowls (61yo)

10.7yrs

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

Robert's remuneration is lower than average for companies of similar size in United States of America.

Robert's compensation has been consistent with company performance over the past year, both up more than 20%.


Board Age and Tenure

8.3yrs

Average Tenure

68yo

Average Age

The tenure for the American States Water board of directors is about average.


Insider Trading

American States Water individual insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$37,01204 Sep 19
Bryan Switzer
EntityIndividual
Shares400
Max PriceUS$92.53
SellUS$46,31004 Sep 19
Lloyd Ross
EntityIndividual
Shares500
Max PriceUS$92.92
SellUS$100,25729 Aug 19
Patrick Scanlon
EntityIndividual
Shares1,105
Max PriceUS$90.73
SellUS$210,37509 Aug 19
James McNulty
EntityIndividual
Role
Member of the Board of Directors
Director
Shares2,500
Max PriceUS$84.15
SellUS$171,24308 Aug 19
Lloyd Ross
EntityIndividual
Shares2,150
Max PriceUS$80.29
SellUS$30,98801 Aug 19
Bryan Switzer
EntityIndividual
Shares400
Max PriceUS$77.47
SellUS$537,46403 Jul 19
Lloyd Ross
EntityIndividual
Shares7,150
Max PriceUS$75.63
SellUS$30,09202 Jul 19
Bryan Switzer
EntityIndividual
Shares400
Max PriceUS$75.23
SellUS$36,49506 Jun 19
Lloyd Ross
EntityIndividual
Shares500
Max PriceUS$72.99
SellUS$21,94804 Jun 19
Bryan Switzer
EntityIndividual
Shares300
Max PriceUS$73.16
SellUS$173,52128 May 19
Sarah Anderson
EntityIndividual
Role
Member of the Board of Directors
Director
Shares2,326
Max PriceUS$74.62
SellUS$36,46015 May 19
Anne Holloway
EntityIndividual
Role
Chairman of the Board
Shares500
Max PriceUS$72.92
SellUS$151,00215 May 19
James Cotton
EntityIndividual
Shares2,100
Max PriceUS$71.95
SellUS$188,51314 May 19
Robert Sprowls
EntityIndividual
Role
Chief Executive Officer
CEO, President & Director
Shares2,585
Max PriceUS$73.14
SellUS$6,27614 May 19
Robert Sprowls
EntityIndividual
Role
Chief Executive Officer
CEO, President & Director
Shares87
Max PriceUS$72.14
SellUS$14,41309 May 19
Robert Sprowls
EntityIndividual
Role
Chief Executive Officer
CEO, President & Director
Shares200
Max PriceUS$72.09
SellUS$21,30901 May 19
Bryan Switzer
EntityIndividual
Shares300
Max PriceUS$71.03
SellUS$276,57330 Apr 19
Robert Sprowls
EntityIndividual
Role
Chief Executive Officer
CEO, President & Director
Shares3,838
Max PriceUS$72.29
SellUS$34,70008 Apr 19
Lloyd Ross
EntityIndividual
Shares500
Max PriceUS$69.40
SellUS$21,45002 Apr 19
Bryan Switzer
EntityIndividual
Shares300
Max PriceUS$71.50
SellUS$887,31225 Mar 19
Robert Sprowls
EntityIndividual
Role
Chief Executive Officer
CEO, President & Director
Shares12,402
Max PriceUS$72.16
SellUS$47,79206 Mar 19
Bryan Switzer
EntityIndividual
Shares673
Max PriceUS$71.02
SellUS$24,65306 Mar 19
Paul Rowley
EntityIndividual
Shares346
Max PriceUS$71.25
SellUS$214,65002 Mar 19
Diana Bontá
EntityIndividual
Role
Member of the Board of Directors
Director
Shares3,049
Max PriceUS$70.40
SellUS$21,31502 Mar 19
Bryan Switzer
EntityIndividual
Shares300
Max PriceUS$71.05
SellUS$106,79001 Mar 19
James Anderson
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,500
Max PriceUS$71.20
SellUS$41,62901 Mar 19
James Cotton
EntityIndividual
Shares585
Max PriceUS$71.16
SellUS$20,28905 Feb 19
Bryan Switzer
EntityIndividual
Shares300
Max PriceUS$67.63
SellUS$32,44009 Jan 19
Lloyd Ross
EntityIndividual
Shares500
Max PriceUS$64.88
SellUS$19,98303 Jan 19
Bryan Switzer
EntityIndividual
Shares300
Max PriceUS$66.61
SellUS$20,17804 Dec 18
Bryan Switzer
EntityIndividual
Shares300
Max PriceUS$67.26
SellUS$33,52021 Nov 18
Anne Holloway
EntityIndividual
Role
Chairman of the Board
Shares500
Max PriceUS$67.04
SellUS$18,43201 Nov 18
Bryan Switzer
EntityIndividual
Shares300
Max PriceUS$61.44
SellUS$18,37201 Oct 18
Bryan Switzer
EntityIndividual
Shares300
Max PriceUS$61.24

Ownership Breakdown


Management Team

  • Robert Sprowls (61yo)

    CEO, President & Director

    • Tenure: 10.7yrs
    • Compensation: US$3.01m
  • Eva Tang (63yo)

    Senior VP of Finance

    • Tenure: 10.8yrs
    • Compensation: US$788.97k
  • Gladys Farrow (54yo)

    Assistant Secretary

    • Tenure: 0yrs

Board Members

  • Jim McNulty (76yo)

    Director

    • Tenure: 9.7yrs
    • Compensation: US$155.11k
  • Anne Holloway (67yo)

    • Tenure: 0.7yrs
    • Compensation: US$165.52k
  • James Anderson (75yo)

    Director

    • Tenure: 22.7yrs
    • Compensation: US$160.61k
  • Robert Sprowls (61yo)

    CEO, President & Director

    • Tenure: 10.7yrs
    • Compensation: US$3.01m
  • John Fielder (74yo)

    Director

    • Tenure: 6.7yrs
    • Compensation: US$149.77k
  • Janice Wilkins (74yo)

    Director

    • Tenure: 8.3yrs
    • Compensation: US$150.52k
  • Diana Bontá (68yo)

    Director

    • Tenure: 12.7yrs
    • Compensation: US$151.61k
  • Mary Hopkins (54yo)

    Director

    • Tenure: 0.3yrs
  • Sally Anderson (68yo)

    Director

    • Tenure: 7.5yrs
    • 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$3.335b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AWRNYSE (New York Stock Exchange)YesCommon SharesUSUSDJan 1969
FDKDB (Deutsche Boerse AG)YesCommon SharesDEEURJan 1969
AWR *BMV (Bolsa Mexicana de Valores)YesCommon SharesMXMXNJan 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/14 23:31
End of Day Share Price2019/09/13 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.