| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 1/6 |
| Past Performance | 5/6 |
| Financial Health | 2/6 |
| Dividends | 5/6 |
CWT Stock Overview
California Water Service Group, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico, and Hawaii.
California Water Service Group Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$61.12 |
| 52 Week High | US$72.08 |
| 52 Week Low | US$51.02 |
| Beta | 0.17 |
| 1 Month Change | -13.24% |
| 3 Month Change | 3.28% |
| 1 Year Change | 12.48% |
| 3 Year Change | 30.43% |
| 5 Year Change | 75.89% |
| Change since IPO | 765.42% |
Recent News & Updates
California Water Service: Do Not Buy The Dip Yet
CWT is a Dividend King, with 54 consecutive years of dividend growth. CWT has proved resilient to the coronavirus crisis. It is likely to continue raising its dividend for many more years. However, it is richly valued right now.
Is California Water Service Group (NYSE:CWT) A Risky Investment?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Here's Why I Think California Water Service Group (NYSE:CWT) Might Deserve Your Attention Today
Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...
California Water Service Group's (NYSE:CWT) Promising Earnings May Rest On Soft Foundations
California Water Service Group's ( NYSE:CWT ) stock was strong after they reported robust earnings. However, our...
Shareholder Returns
| CWT | US Water Utilities | US Market | |
|---|---|---|---|
| 7D | -2.2% | -1.9% | -6.1% |
| 1Y | 12.5% | 2.8% | 4.2% |
Return vs Industry: CWT exceeded the US Water Utilities industry which returned 3.3% over the past year.
Return vs Market: CWT exceeded the US Market which returned 6.6% over the past year.
Price Volatility
| CWT volatility | |
|---|---|
| CWT Average Weekly Movement | 3.3% |
| Water Utilities Industry Average Movement | 3.5% |
| Market Average Movement | 6.7% |
| 10% most volatile stocks in US Market | 15.6% |
| 10% least volatile stocks in US Market | 2.4% |
Stable Share Price: CWT is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: CWT's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1926 | 1,192 | Marty Kropelnicki | https://www.calwatergroup.com |
California Water Service Group, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico, and Hawaii. It is involved in the production, purchase, storage, treatment, testing, distribution, and sale of water for domestic, industrial, public, and irrigation uses, as well as for fire protection. The company offers its services to approximately 492,600 customer connections in 100 California communities; approximately 5,300 water and wastewater customer connections on the islands of Maui and Hawaii; approximately 36,600 customer connections in the Tacoma, Olympia, Graham, Spanaway, Puyallup, and Gig Harbor areas; and approximately 8,500 water and wastewater customer connections in the Belen, Los Lunas, Indian Hills, and Elephant Butte areas in New Mexico.
California Water Service Group Fundamentals Summary
| CWT fundamental statistics | |
|---|---|
| Market Cap | US$3.22b |
| Earnings (TTM) | US$113.12m |
| Revenue (TTM) | US$806.74m |
28.4x
P/E Ratio4.0x
P/S RatioIs CWT overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| CWT income statement (TTM) | |
|---|---|
| Revenue | US$806.74m |
| Cost of Revenue | US$383.79m |
| Gross Profit | US$422.94m |
| Expenses | US$309.82m |
| Earnings | US$113.12m |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 2.15 |
| Gross Margin | 52.43% |
| Net Profit Margin | 14.02% |
| Debt/Equity Ratio | 105.7% |
How did CWT perform over the long term?
See historical performance and comparisonDividends
1.5%
Current Dividend Yield41%
Payout RatioValuation
Is California Water Service Group undervalued compared to its fair value and its price relative to the market?
28.42x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: CWT ($61.12) is trading above our estimate of fair value ($30.82)
Significantly Below Fair Value: CWT is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: CWT is good value based on its PE Ratio (28.4x) compared to the US Water Utilities industry average (35.9x).
PE vs Market: CWT is poor value based on its PE Ratio (28.4x) compared to the US market (16.7x).
Price to Earnings Growth Ratio
PEG Ratio: CWT is poor value based on its PEG Ratio (7.5x)
Price to Book Ratio
PB vs Industry: CWT's PB Ratio (2.9x) is in line with the US Water Utilities industry average.
Future Growth
How is California Water Service Group forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
3.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CWT's forecast earnings growth (3.8% per year) is above the savings rate (2%).
Earnings vs Market: CWT's earnings (3.8% per year) are forecast to grow slower than the US market (13.1% per year).
High Growth Earnings: CWT's earnings are forecast to grow, but not significantly.
Revenue vs Market: CWT's revenue (3.8% per year) is forecast to grow slower than the US market (9.2% per year).
High Growth Revenue: CWT's revenue (3.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CWT's Return on Equity is forecast to be low in 3 years time (8.8%).
Past Performance
How has California Water Service Group performed over the past 5 years?
16.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CWT has high quality earnings.
Growing Profit Margin: CWT's current net profit margins (14%) are higher than last year (11.8%).
Past Earnings Growth Analysis
Earnings Trend: CWT's earnings have grown by 16.2% per year over the past 5 years.
Accelerating Growth: CWT's earnings growth over the past year (22.1%) exceeds its 5-year average (16.2% per year).
Earnings vs Industry: CWT earnings growth over the past year (22.1%) exceeded the Water Utilities industry 15.3%.
Return on Equity
High ROE: CWT's Return on Equity (10.1%) is considered low.
Financial Health
How is California Water Service Group's financial position?
Financial Position Analysis
Short Term Liabilities: CWT's short term assets ($393.4M) exceed its short term liabilities ($360.9M).
Long Term Liabilities: CWT's short term assets ($393.4M) do not cover its long term liabilities ($2.2B).
Debt to Equity History and Analysis
Debt Level: CWT's net debt to equity ratio (93.2%) is considered high.
Reducing Debt: CWT's debt to equity ratio has increased from 94.9% to 105.7% over the past 5 years.
Debt Coverage: CWT's debt is not well covered by operating cash flow (16.9%).
Interest Coverage: CWT's interest payments on its debt are well covered by EBIT (3.4x coverage).
Balance Sheet
Dividend
What is California Water Service Group current dividend yield, its reliability and sustainability?
1.51%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CWT's dividend (1.51%) is higher than the bottom 25% of dividend payers in the US market (1.36%).
High Dividend: CWT's dividend (1.51%) is low compared to the top 25% of dividend payers in the US market (3.55%).
Stability and Growth of Payments
Stable Dividend: CWT's dividends per share have been stable in the past 10 years.
Growing Dividend: CWT's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (40.6%), CWT's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CWT's dividends in 3 years are forecast to be covered by earnings (52.2% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.0yrs
Average management tenure
CEO
Marty Kropelnicki (54 yo)
9.25yrs
Tenure
US$3,776,856
Compensation
Mr. Martin A. Kropelnicki, also known as Marty, has been the Chief Executive Officer and President of California Water Service Company since September 1, 2013 and also serves as its Director. Mr. Kropelnic...
CEO Compensation Analysis
Compensation vs Market: Marty's total compensation ($USD3.78M) is about average for companies of similar size in the US market ($USD5.23M).
Compensation vs Earnings: Marty's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: CWT's management team is seasoned and experienced (5 years average tenure).
Board Members
Experienced Board: CWT's board of directors are considered experienced (7.1 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: CWT insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 5.6%.
Top Shareholders
Company Information
California Water Service Group's employee growth, exchange listings and data sources
Key Information
- Name: California Water Service Group
- Ticker: CWT
- Exchange: NYSE
- Founded: 1926
- Industry: Water Utilities
- Sector: Utilities
- Implied Market Cap: US$3.215b
- Shares outstanding: 52.61m
- Website: https://www.calwatergroup.com
Number of Employees
Location
- California Water Service Group
- 1720 North First Street
- San Jose
- California
- 95112-4598
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/21 23:35 |
| End of Day Share Price | 2022/01/21 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2020/12/31 |
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.