CALIFORNIA WATER SERVICE GROUP |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 49.55 USD | -0.68% |
|
-1.47% | -4.47% |
| May. 28 | California Water Service Group's Unit Closes Acquisition of Kings Mountain Park Mutual Water | MT |
| Apr. 25 | Transcript : California Water Service Group, Q1 2024 Earnings Call, Apr 25, 2024 |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,482 | 2,693 | 3,780 | 3,325 | 2,993 | 2,862 | - | - |
| Enterprise Value (EV) 1 | 3,423 | 3,805 | 3,780 | 4,388 | 4,187 | 2,862 | 2,862 | 2,862 |
| P/E ratio | 39.4 x | 27.4 x | 36.7 x | 34.3 x | 57 x | 17.7 x | 20.9 x | 19.6 x |
| Yield | 1.53% | 1.57% | 1.28% | 1.65% | 2.01% | 2.26% | 2.43% | 2.62% |
| Capitalization / Revenue | 3.47 x | 3.39 x | 4.78 x | 3.93 x | 3.77 x | 2.86 x | 2.98 x | 2.84 x |
| EV / Revenue | 3.47 x | 3.39 x | 4.78 x | 3.93 x | 3.77 x | 2.86 x | 2.98 x | 2.84 x |
| EV / EBITDA | 12.1 x | 10.9 x | 15.9 x | 13.5 x | 16.3 x | 7.71 x | 8.6 x | 7.89 x |
| EV / FCF | - | - | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - | - | - |
| Price to Book | 3.21 x | 2.95 x | - | 2.56 x | 2.09 x | - | - | - |
| Nbr of stocks (in thousands) | 48,145 | 49,840 | 52,608 | 54,824 | 57,711 | 57,754 | - | - |
| Reference price 2 | 51.56 | 54.03 | 71.86 | 60.64 | 51.87 | 49.55 | 49.55 | 49.55 |
| Announcement Date | 2/27/20 | 2/25/21 | 2/24/22 | 3/1/23 | 2/29/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 714.6 | 794.3 | 790.9 | 846.4 | 794.6 | 1,002 | 960.5 | 1,008 |
| EBITDA 1 | 204.9 | 246.6 | 238.3 | 245.5 | 183.2 | 371.3 | 332.8 | 362.5 |
| EBIT 1 | 115.7 | 148.1 | 129.6 | 130.9 | 61.95 | 239.4 | 188.5 | 208.5 |
| Operating Margin | 16.19% | 18.65% | 16.38% | 15.47% | 7.8% | 23.9% | 19.62% | 20.68% |
| Earnings before Tax (EBT) | 80.79 | 108.8 | - | 101.6 | 44.6 | - | - | - |
| Net income 1 | 63.12 | 96.83 | 101.1 | 96.01 | 51.91 | 185 | 144 | 156.5 |
| Net margin | 8.83% | 12.19% | 12.79% | 11.34% | 6.53% | 18.47% | 14.99% | 15.52% |
| EPS 2 | 1.310 | 1.970 | 1.960 | 1.770 | 0.9100 | 2.807 | 2.375 | 2.530 |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 0.7900 | 0.8500 | 0.9200 | 1.000 | 1.040 | 1.120 | 1.205 | 1.300 |
| Announcement Date | 2/27/20 | 2/25/21 | 2/24/22 | 3/1/23 | 2/29/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 173.3 | 173 | 206.2 | 266.3 | 200.9 | 131.1 | 194 | 255 | 214.5 | 270.7 | 216.2 | 289.3 | 230.8 | 182 | 218 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT | - | 7.721 | 28.74 | - | 23.62 | - | 16.28 | 47.42 | 21.41 | - | - | - | - | - | - |
| Operating Margin | - | 4.46% | 13.94% | - | 11.76% | - | 8.39% | 18.6% | 9.98% | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | -0.523 | 20.67 | - | 18.71 | - | 11.22 | 34.32 | 20.22 | - | - | - | - | - | - |
| Net income | - | 1.086 | 19.48 | - | 19.57 | -22.21 | 9.556 | 34.44 | 30.13 | 69.92 | - | - | - | - | - |
| Net margin | - | 0.63% | 9.45% | - | 9.74% | -16.94% | 4.92% | 13.51% | 14.04% | 25.82% | - | - | - | - | - |
| EPS 2 | 0.0700 | 0.0200 | 0.3600 | 1.030 | 0.3500 | -0.4000 | 0.1700 | 0.6000 | 0.5200 | 1.210 | 0.4200 | 1.117 | 0.4033 | 0.1700 | 0.4500 |
| Dividend per Share | - | - | - | - | 0.2500 | 0.2600 | 0.2600 | 0.2600 | 0.2600 | 0.2800 | - | - | - | - | - |
| Announcement Date | 2/24/22 | 4/28/22 | 7/28/22 | 10/27/22 | 3/1/23 | 4/27/23 | 7/27/23 | 10/26/23 | 2/29/24 | 4/25/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | 941 | 1,112 | - | 1,064 | 1,194 | - | - | - |
| Net Cash position | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 4.593 x | 4.508 x | - | 4.333 x | 6.518 x | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 8.36% | 10.5% | 9.64% | 7.7% | 3.77% | 8.5% | 8.9% | 9% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share | 16.10 | 18.30 | - | 23.70 | 24.80 | - | - | - |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 274 | 299 | 293 | 328 | 384 | 365 | 374 | 393 |
| Capex / Sales | 38.31% | 37.6% | 37.07% | 38.72% | 48.29% | 36.44% | 38.88% | 38.93% |
| Announcement Date | 2/27/20 | 2/25/21 | 2/24/22 | 3/1/23 | 2/29/24 | - | - | - |
1USD in Million
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
A-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
4
Last Close Price
49.55
USD
Average target price
54
USD
Spread / Average Target
+8.98%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -4.47% | 2.86B | |
| +1.20% | 10.34B | |
| -2.41% | 9.61B | |
| -6.94% | 9.04B | |
| -3.49% | 8.77B | |
| +29.70% | 3.02B | |
| +7.06% | 2.92B | |
| -9.14% | 2.72B | |
| -18.10% | 2.23B | |
| +25.16% | 1.94B |
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