CALIFORNIA WATER SERVICE GP's gross profit margin for the third quarter of its fiscal year 2014 has increased when compared to the same period a year ago. The company has grown sales and net income during the past quarter when compared with the same quarter a year ago, however, it was unable to keep up with the growth of the average competitor within its industry. CALIFORNIA WATER SERVICE GP has weak liquidity. Currently, the Quick Ratio is 0.73 which shows a lack of ability to cover short-term cash needs. The liquidity decreased from the same period a year ago, despite already having weak liquidity to begin with. This would indicate deteriorating cash flow.
At the same time, stockholders' equity ("net worth") has remained virtually unchanged only increasing by 3.66% 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||Q3 FY14||Q3 FY13|
|Net Sales ($mil)||191.18||184.4|
|Net Income ($mil)||33.65||29.15|
|Balance Sheet||Q3 FY14||Q3 FY13|
|Cash & Equiv. ($mil)||29.49||48.85|
|Total Assets ($mil)||2069.08||2083.43|
|Total Debt ($mil)||491.16||489.76|
|Profitability||Q3 FY14||Q3 FY13|
|Gross Profit Margin||39.08||33.34|
|Return on Assets||2.46||2.23|
|Return on Equity||8.19||7.76|
|Debt||Q3 FY14||Q3 FY13|
|Share Data||Q3 FY14||Q3 FY13|
|Shares outstanding (mil)||47.81||47.74|
|Div / share||0.16||0.16|
|Book value / share||13.02||12.57|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||150499.0||153371.0|
BUY. CALIFORNIA WATER SERVICE GP's P/E ratio indicates a premium compared to an average of 18.88 for the Water Utilities industry and a premium compared to the S&P 500 average of 19.91. For additional comparison, its price-to-book ratio of 1.90 indicates a discount versus the S&P 500 average of 2.75 and a discount versus the industry average of 1.90. The price-to-sales ratio is above the S&P 500 average, but well below the industry average.
|CWT 23.07||Peers 18.88||CWT 9.63||Peers 11.20|
Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations.
CWT is trading at a premium to its peers.
Discount. 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.
CWT is trading at a discount to its peers.
|CWT 19.74||Peers 19.04||CWT 2.94||Peers 2.87|
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations.
CWT is trading at a premium to its peers.
Average. 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.
CWT trades at a valuation on par to its peers.
|CWT 1.90||Peers 1.90||CWT 9.18||Peers 15.18|
Average. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.
CWT is trading at a valuation on par with its peers.
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.
However, CWT is expected to significantly trail its peers on the basis of its earnings growth rate.
|CWT 1.99||Peers 7.68||CWT 3.82||Peers 3.04|
Discount. 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.
CWT is trading at a significant discount to its industry on this measurement.
Higher. A sales growth rate that exceeds the industry implies that a company is gaining market share.
CWT has a sales growth rate that significantly exceeds its peers.
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