American States Water Company
Find Ratings ReportsAMERICAN STATES WATER CO's gross profit margin for the fourth quarter of its fiscal year 2023 has increased when compared to the same period a year ago. Even though sales decreased, the net income has increased, representing an increase to the bottom line. AMERICAN STATES WATER CO has weak liquidity. Currently, the Quick Ratio is 0.83 which shows a lack of ability to cover short-term cash needs. The company's liquidity has increased from the same period last year.
During the same period, stockholders' equity ("net worth") has increased by 9.38% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the future.
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Income Statement | Q4 FY23 | Q4 FY22 |
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Net Sales ($mil) | 125.18 | 125.37 |
EBITDA ($mil) | 45.54 | 38.45 |
EBIT ($mil) | 34.78 | 27.54 |
Net Income ($mil) | 20.43 | 18.63 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 14.07 | 6.0 |
Total Assets ($mil) | 2246.12 | 2034.37 |
Total Debt ($mil) | 917.88 | 734.43 |
Equity ($mil) | 776.11 | 709.55 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 54.14 | 47.55 |
EBITDA Margin | 36.37 | 30.67 |
Operating Margin | 27.78 | 21.97 |
Sales Turnover | 0.27 | 0.24 |
Return on Assets | 5.56 | 3.85 |
Return on Equity | 16.1 | 11.05 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 1.24 | 0.38 |
Debt/Capital | 0.54 | 0.51 |
Interest Expense | 10.86 | 7.78 |
Interest Coverage | 3.2 | 3.54 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 36.98 | 36.96 |
Div / share | 0.43 | 0.4 |
EPS | 0.55 | 0.5 |
Book value / share | 20.99 | 19.2 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 210005.0 | 187274.0 |
BUY. This stock's P/E ratio indicates a premium compared to an average of 18.74 for the Utilities subsector and a discount compared to the S&P 500 average of 27.95. Conducting a second comparison, its price-to-book ratio of 3.42 indicates a discount versus the S&P 500 average of 4.68 and a premium versus the subsector average of 1.98. The price-to-sales ratio is well above both the S&P 500 average and the subsector average, indicating a premium. Upon assessment of these and other key valuation criteria, AMERICAN STATES WATER CO proves to trade at a premium to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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AWR 21.30 | Peers 18.74 | AWR 39.23 | Peers 8.50 | |||||||||||||||||||||
Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations. AWR is trading at a premium to its peers. |
Premium. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. AWR is trading at a significant premium to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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AWR 21.95 | Peers 14.78 | AWR NM | Peers 1.44 | |||||||||||||||||||||
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations. AWR is trading at a significant premium to its peers. |
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. AWR's negative PEG ratio makes this valuation measure meaningless. |
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Price/Book |
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Earnings Growth |
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AWR 3.42 | Peers 1.98 | AWR 59.71 | Peers 132.20 | |||||||||||||||||||||
Premium. A higher price-to-book ratio makes a stock less attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. AWR is trading at a significant premium to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, AWR is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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AWR 4.46 | Peers 2.49 | AWR 21.19 | Peers 1.95 | |||||||||||||||||||||
Premium. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. AWR is trading at a significant premium to its subsector. |
Higher. A sales growth rate that exceeds the subsector implies that a company is gaining market share. AWR has a sales growth rate that significantly exceeds its peers. |
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