Consolidated Water Co. Ltd.

Utilities
Water Supply
www.cwco.com

Earnings Score
Moat Score
Safety Score

Market Cap $368.18M
PE 13
Debt $196.64K
Cash $99.35M
EV $269.03M
FCF $31.48M

Earnings

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Sales & Net Margins

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Earnings	$28.22M
EBIT	$20.68M
ROE	13%
ROA	8%
FCF	$31.48M
Equity	$215.31M
Growth Stability	10%
PE	13.05
PEG	0.13
PB	1.71
P/FCF	11.7
P/S	2.75
Price/Cash	0.27
Debt/Equity	0
Debt/FCF	0.01
Net Margins	21%
Gross Margins	34%
Op. Margins	15%
Earnings CAGR	17%
Sales Growth YoY	-47%
Sales Growth QoQ	-15%
Sales CAGR	13%
FCF CAGR	8%
Equity CAGR	3%
Earnings Stability	0.11
Earnings Growth YoY	-85%
Earnings Growth QoQ	-67%
Earnings CAGR 5Y	97%

Sales CAGR 5Y	26%
FCF CAGR 5Y	6%
Equity CAGR 5Y	5%
Earnings CAGR 3Y	41%
Sales CAGR 3Y	41%
FCF CAGR 3Y	19%
Equity CAGR 3Y	12%
Market Cap	$368.18M
Revenue	$133.97M
Dividend Yield	2%
Payout Ratio	22%
Assets	$243.31M
Total Debt	$196.64K
Cash	$99.35M
Shares Outstanding	15.83M
EV	269.03M
Earnings Score	8%
Moat Score	92%
Safety Score	68%
Final Score	56%
Working Capital	132.85M
Current Ratio	6.33
Gross Profit	$45.62M
Shares Growth 3y	1%
Equity Growth QoQ	0%
Equity Growth YoY	12%

Assets & ROA

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Stockholders Equity & ROE

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Consolidated Water Co Ltd is active in the utility sector. It develops and operates seawater desalination plants and water distribution systems in areas where naturally occurring supplies of potable water are scarce or nonexistent. The company's operating segment includes Retail, Bulk, Services, and Manufacturing. It generates maximum revenue from the Bulk segment followed by Retail segment. The bulk segment supplies potable water to government utilities in Grand Cayman and The Bahamas under long-term contracts. Its retail segment operates the water utility for the Seven Mile Beach and West Bay areas of Grand Cayman Island pursuant to an exclusive license granted by the Cayman Islands government. Geographically, it derives a majority of revenue from the Cayman Islands.

SEC Filings

Direct access to Consolidated Water Co. Ltd. (CWCO) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Consolidated Water Co. Ltd. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Consolidated Water Co. Ltd. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 17%

Stability 11%

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Consolidated Water Co. Ltd. Discounted Cash Flow

Fully customizable DCF calculator online for Consolidated Water Co. Ltd..

Years

Calculation mode

= $562M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$31M	$34M	$37M	$40M	$43M	$47M	$51M	$55M	$60M	$65M	$70M	$704M
DCF		$31M	$31M	$30M	$30M	$29M	$29M	$28M	$28M	$28M	$27M	$271M
Value	$562M

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Net Margins	13%	5%	9%	17%	18%	5%	1%	6%	16%	21%	21%
ROA	-	1%	3%	7%	7%	5%	2%	5%	17%	8%	8%
ROE	-	2%	4%	7%	7%	2%	1%	3%	15%	13%	13%

Good Net Margins (21.06%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Debt over FCF	-	0.22	-	-0	0.01	0.01	0.03	0.02	0.09	0.01	0.01
Debt over Equity	0.09	0.01	-	0	0	0	0	0	0	0	0
Growth Stability	-	-	-	100%	100%	38%	10%	100%	100%	100%	10%

Good Debt/FCF ratio (0.01)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Good Debt/Equity ratio (0)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (10%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	CAGR 5Y
Revenue YoY growth	-	1%	8%	5%	5%	6%	-8%	41%	92%	-26%	26%
Earnings YoY growth	-	-63%	106%	97%	8%	-70%	-77%	576%	406%	-5%	97%
Equity YoY growth	-	4%	1%	5%	9%	-5%	-2%	1%	14%	12%	5%
FCF YoY growth	-	-69%	108%	-179%	-263%	48%	-59%	120%	-74%	674%	6%