California Water Service Group

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CWT : NYSE : Utilities
$35.95 -1.75 | -4.64%
Today's Range: 35.9 - 37.85
Avg. Daily Volume: 394400.0
03/23/18 - 4:02 PM ET

Financial Analysis

CALIFORNIA WATER SERVICE GP's gross profit margin for the fourth quarter of its fiscal year 2017 has decreased when compared to the same period a year ago. Even though sales increased, the net income has decreased. CALIFORNIA WATER SERVICE GP has very weak liquidity. Currently, the Quick Ratio is 0.43 which clearly shows a lack of ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year.

During the same period, stockholders' equity ("net worth") has increased by 5.15% from the same quarter last year. The key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the near future.

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Income Statement Q4 FY17 Q4 FY16
Net Sales ($mil)161.99150.93
EBITDA ($mil)42.0842.77
EBIT ($mil)22.9526.95
Net Income ($mil)13.6715.09

Balance Sheet Q4 FY17 Q4 FY16
Cash & Equiv. ($mil)95.3825.89
Total Assets ($mil)2740.382411.75
Total Debt ($mil)806.81655.05
Equity ($mil)693.46659.47

Profitability Q4 FY17 Q4 FY16
Gross Profit Margin25.9828.34
EBITDA Margin25.9728.34
Operating Margin14.1717.85
Sales Turnover0.240.25
Return on Assets2.452.01
Return on Equity9.687.38
Debt Q4 FY17 Q4 FY16
Current Ratio0.460.57
Interest Expense9.228.48
Interest Coverage2.493.18

Share Data Q4 FY17 Q4 FY16
Shares outstanding (mil)48.0147.97
Div / share0.180.17
Book value / share14.4413.75
Institutional Own % n/a n/a
Avg Daily Volume383933.0161002.0


BUY. The current P/E ratio indicates a premium compared to an average of 25.56 for the Water Utilities industry and a value on par with the S&P 500 average of 25.66. Conducting a second comparison, its price-to-book ratio of 2.57 indicates a discount versus the S&P 500 average of 3.28 and a premium versus the industry average of 2.53. The price-to-sales ratio is above the S&P 500 average, but well below the industry average. After reviewing these and other key valuation criteria, CALIFORNIA WATER SERVICE GP proves to trade at a premium to investment alternatives within the industry.

1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
CWT 26.50 Peers 25.56   CWT 12.05 Peers 10.94

Average. An average P/E ratio can signify an industry neutral price for a stock and an average growth expectation.

CWT is trading at a valuation on par with 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.

CWT is trading at a premium to its peers.

1 2 3 4 5
premium   discount
  Price to
1 2 3 4 5
premium   discount
CWT 24.50 Peers 23.27   CWT 18.66 Peers 2.85

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.


Premium. 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 significant premium to its peers.

1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
CWT 2.57 Peers 2.53   CWT 38.61 Peers 4.06

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.


Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

CWT is expected to have an earnings growth rate that significantly exceeds its peers.

1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
CWT 2.67 Peers 11.22   CWT 9.43 Peers 7.01

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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