California Water Service Group

Utilities
Water Supply
www.calwatergroup.com

Earnings Score
Moat Score

Market Cap $2.81B
PE 14
Debt $1.31B
Cash $105.20M
EV $4.01B
FCF $NaN

Earnings

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Sales & Net Margins

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Earnings	$200.56M
EBIT	$228.04M
ROE	12%
ROA	5%
Equity	$1.63B
Growth Stability	53%
PE	13.99
PEG	1.33
PB	1.72
P/S	3.17
Price/Cash	0.04
Debt/Equity	0.8
Net Margins	25%
Op. Margins	26%
Earnings CAGR	11%
Sales Growth YoY	21%
Sales Growth QoQ	35%
Sales CAGR	3%
Equity CAGR	11%
Earnings Stability	0.4
Earnings Growth YoY	76%
Earnings Growth QoQ	50%
Earnings CAGR 5Y	11%

Sales CAGR 5Y	4%
Equity CAGR 5Y	17%
Earnings CAGR 3Y	4%
Sales CAGR 3Y	4%
Equity CAGR 3Y	12%
Market Cap	$2.81B
Revenue	$885.37M
Dividend Yield	2%
Payout Ratio	32%
Assets	$5.01B
Total Debt	$1.31B
Cash	$105.20M
Shares Outstanding	58.23M
EV	4.01B
Earnings Score	31%
Moat Score	80%
Working Capital	-207.78M
Current Ratio	0.64
Shares Growth 3y	4%
Equity Growth QoQ	5%
Equity Growth YoY	15%

Assets & ROA

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Stockholders Equity & ROE

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California Water Service Group is a U.S. water and utilities holding company based in California. The company engages in the production, treatment, distribution, and sale of water for various uses. The firm operates through its subsidiaries, which can be divided between regulated and unregulated businesses. The regulated public utilities subsidiaries operate in California, New Mexico, Washington, and Hawaii. The unregulated subsidiaries provide water utility services to private companies and municipalities. The company derives the majority of its revenue from its operations in California and, overall, from residential customers.

SEC Filings

Direct access to California Water Service Group (CWT) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 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 California Water Service Group compare to its competitors?

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Peter Lynch's Chart

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

CAGR 11%

Stability 40%

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California Water Service Group Discounted Cash Flow

Fully customizable DCF calculator online for California Water Service Group.

Years

Calculation mode

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
DCF		$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Value	$0

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	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	-	-	8%	11%	10%	10%	14%	13%	12%	7%	25%
ROA	-	3%	3%	3%	4%	3%	4%	3%	3%	2%	5%
ROE	-	7%	7%	10%	9%	8%	11%	9%	7%	4%	12%

Good Net Margins (24.81%)

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	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-	-	-	-	-	-	-	-	-	-
Debt over Equity	0.81	0.86	0.99	1.16	1.26	1.26	1.25	0.93	0.85	0.86	0.8
Growth Stability	-	-	-	100%	100%	100%	100%	100%	100%	53%	53%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Good Debt/Equity ratio (0.8)

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

Bad Graham’s Stability (53%)

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	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-	-	6%	8%	-2%	5%	10%	1%	2%	4%
Earnings YoY growth	-	-21%	8%	38%	-2%	-4%	53%	4%	-6%	-46%	11%
Equity YoY growth	-	2%	3%	5%	5%	7%	18%	28%	12%	8%	17%
FCF YoY growth	-	-	-	-	-	-	-	-	-	-	-