NYSE:AWR

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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. More Details


Snowflake Analysis

Solid track record established 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

Stable Share Price: AWR has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

2.1%

AWR

1.3%

US Water Utilities

-0.4%

US Market


1 Year Return

-15.7%

AWR

10.2%

US Water Utilities

18.3%

US Market

Return vs Industry: AWR underperformed the US Water Utilities industry which returned 10.2% over the past year.

Return vs Market: AWR underperformed the US Market which returned 18.3% over the past year.


Shareholder returns

AWRIndustryMarket
7 Day2.1%1.3%-0.4%
30 Day7.3%8.5%6.6%
90 Day0.03%1.0%8.6%
1 Year-14.4%-15.7%12.1%10.2%21.0%18.3%
3 Year52.1%44.7%55.1%46.3%42.1%32.7%
5 Year113.4%94.4%135.3%112.8%85.6%64.7%

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 compared to its fair value and its price relative to the market?

34.73x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: AWR ($79.23) is trading above our estimate of fair value ($27.29)

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


Price To Earnings Ratio

PE vs Industry: AWR's PE Ratio (34.7x) is in line with the US Water Utilities industry average.

PE vs Market: AWR is poor value based on its PE Ratio (34.7x) compared to the US market (19.2x).


Price to Earnings Growth Ratio

PEG Ratio: AWR is poor value based on its PEG Ratio (5.9x)


Price to Book Ratio

PB vs Industry: AWR is overvalued based on its PB Ratio (4.7x) compared to the US Water Utilities industry average (2.4x).


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?

5.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AWR's forecast earnings growth (5.9% per year) is above the savings rate (2.2%).

Earnings vs Market: AWR's earnings (5.9% per year) are forecast to grow slower than the US market (22.1% per year).

High Growth Earnings: AWR's earnings are forecast to grow, but not significantly.

Revenue vs Market: AWR's revenue (3.5% per year) is forecast to grow slower than the US market (9.9% per year).

High Growth Revenue: AWR's revenue (3.5% 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 (13.5%).


Next Steps

Past Performance

How has American States Water performed over the past 5 years?

7.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AWR has high quality earnings.

Growing Profit Margin: AWR's current net profit margins (17.6%) are higher than last year (16.5%).


Past Earnings Growth Analysis

Earnings Trend: AWR's earnings have grown by 7% per year over the past 5 years.

Accelerating Growth: AWR's earnings growth over the past year (10.5%) exceeds its 5-year average (7% per year).

Earnings vs Industry: AWR earnings growth over the past year (10.5%) exceeded the Water Utilities industry 7.8%.


Return on Equity

High ROE: AWR's Return on Equity (13.6%) is considered low.


Next Steps

Financial Health

How is American States Water's financial position?


Financial Position Analysis

Short Term Liabilities: AWR's short term assets ($137.0M) do not cover its short term liabilities ($158.7M).

Long Term Liabilities: AWR's short term assets ($137.0M) do not cover its long term liabilities ($920.0M).


Debt to Equity History and Analysis

Debt Level: AWR's debt to equity ratio (85.6%) is considered high.

Reducing Debt: AWR's debt to equity ratio has increased from 68.3% to 85.6% over the past 5 years.

Debt Coverage: AWR's debt is well covered by operating cash flow (22.3%).

Interest Coverage: AWR's interest payments on its debt are well covered by EBIT (6.3x coverage).


Balance Sheet


Next Steps

Dividend

What is American States Water current dividend yield, its reliability and sustainability?

1.69%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: AWR's dividend (1.69%) is higher than the bottom 25% of dividend payers in the US market (1.63%).

High Dividend: AWR's dividend (1.69%) is low compared to the top 25% of dividend payers in the US market (4.56%).


Stability and Growth of Payments

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 (53.5%), 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 (51.1% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

14.0yrs

Average management tenure


CEO

Robert Sprowls (62 yo)

11.75yrs

Tenure

US$4,995,699

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 ($USD5.00M) is about average for companies of similar size in the US market ($USD5.61M).

Compensation vs Earnings: Robert's compensation has increased by more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Robert Sprowls
CEO, President & Director11.75yrsUS$5.00m0.34%
$ 10.0m
Eva Tang
Senior VP of Finance11.92yrsUS$1.62m0.11%
$ 3.3m
Denise Kruger
Senior Vice President of Regulated Utilities - Golden State Water Company18yrsUS$1.81m0.069%
$ 2.0m
Bryan Switzer
Vice President of Regulatory Affairs - Golden State Water Company16.08yrsUS$1.02m0.023%
$ 682.4k
Gladys Farrow
Assistant Secretaryno datano data0.015%
$ 434.5k

14.0yrs

Average Tenure

62yo

Average Age

Experienced Management: AWR's management team is seasoned and experienced (14 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Robert Sprowls
CEO, President & Director11.75yrsUS$5.00m0.34%
$ 10.0m
Anne Holloway
Independent Chairman of the Board1.42yrsUS$224.69k0.10%
$ 3.0m
James Anderson
Independent Director23.75yrsUS$171.07k0.093%
$ 2.7m
C. Levin
Independent Director0.42yrno data0.011%
$ 325.5k
John Fielder
Independent Director7.75yrsUS$161.75k0.034%
$ 993.6k
Janice Wilkins
Independent Director9.42yrsUS$165.63k0.049%
$ 1.4m
Diana Bontá
Independent Director13.75yrsUS$165.43k0.041%
$ 1.2m
Mary Hopkins
Independent Director1.42yrsUS$113.31k0.0029%
$ 83.6k
Sarah Anderson
Independent Director8.58yrsUS$167.61k0.032%
$ 932.2k

8.6yrs

Average Tenure

69yo

Average Age

Experienced Board: AWR's board of directors are considered experienced (8.6 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

American States Water Company's company bio, employee growth, exchange listings and data sources


Key Information


Number of Employees


Location

  • American States Water Company
  • 630 East Foothill Boulevard
  • San Dimas
  • California
  • 91773-1207
  • 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 Analysis2020/10/25 23:34
End of Day Share Price2020/10/23 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.