Stock CWT CALIFORNIA WATER SERVICE GROUP
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Financials California Water Service Group

Equities

CWT

US1307881029

Water Utilities

Market Closed - Nyse
Other stock markets
 04:00:02 2024-04-26 pm EDT 		5-day change 1st Jan Change
47.93 USD -0.25% Intraday chart for California Water Service Group +4.67% -7.60%
Apr. 25 Transcript : California Water Service Group, Q1 2024 Earnings Call, Apr 25, 2024
Apr. 25 California Water Service Group Reports Earnings Results for the First Quarter Ended March 31, 2024 CI

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,482 2,693 3,780 3,325 2,993 2,768 - -
Enterprise Value (EV) 1 3,423 3,805 3,780 4,388 4,187 4,002 4,122 4,222
P/E ratio 39.4 x 27.4 x 36.7 x 34.3 x 57 x 18.5 x 20.3 x 19.2 x
Yield 1.53% 1.57% 1.28% 1.65% 2.01% 2.31% 2.46% 2.64%
Capitalization / Revenue 3.47 x 3.39 x 4.78 x 3.93 x 3.77 x 2.74 x 2.83 x 2.64 x
EV / Revenue 4.79 x 4.79 x 4.78 x 5.18 x 5.27 x 3.96 x 4.22 x 4.02 x
EV / EBITDA 16.7 x 15.4 x 15.9 x 17.9 x 22.9 x 10.8 x 12 x 10.9 x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 3.21 x 2.95 x - 2.56 x 2.09 x 1.84 x 1.74 x 1.63 x
Nbr of stocks (in thousands) 48,145 49,840 52,608 54,824 57,711 57,754 - -
Reference price 2 51.56 54.03 71.86 60.64 51.87 47.93 47.93 47.93
Announcement Date 2/27/20 2/25/21 2/24/22 3/1/23 2/29/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 714.6 794.3 790.9 846.4 794.6 1,011 978 1,050
EBITDA 1 204.9 246.6 238.3 245.5 183.2 371.3 344 388.3
EBIT 1 115.7 148.1 129.6 130.9 61.95 239.4 199.4 230.6
Operating Margin 16.19% 18.65% 16.38% 15.47% 7.8% 23.67% 20.39% 21.96%
Earnings before Tax (EBT) 1 80.79 108.8 - 101.6 44.6 161.4 180.1 196.8
Net income 1 63.12 96.83 101.1 96.01 51.91 156.7 139.7 152
Net margin 8.83% 12.19% 12.79% 11.34% 6.53% 15.49% 14.28% 14.47%
EPS 2 1.310 1.970 1.960 1.770 0.9100 2.592 2.365 2.495
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.7900 0.8500 0.9200 1.000 1.040 1.105 1.181 1.264
Announcement Date 2/27/20 2/25/21 2/24/22 3/1/23 2/29/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 173.3 173 206.2 266.3 200.9 131.1 194 255 214.5 270.7 227.5 306.6 226.7 182 218
EBITDA - - - - - - - - - - - - - - -
EBIT - 7.721 28.74 - 23.62 - 16.28 47.42 21.41 - - - - - -
Operating Margin - 4.46% 13.94% - 11.76% - 8.39% 18.6% 9.98% - - - - - -
Earnings before Tax (EBT) - -0.523 20.67 - 18.71 - 11.22 34.32 20.22 - - - - - -
Net income 1 - 1.086 19.48 - 19.57 -22.21 9.556 34.44 30.13 69.92 24.58 70.44 18.83 - -
Net margin - 0.63% 9.45% - 9.74% -16.94% 4.92% 13.51% 14.04% 25.82% 10.8% 22.98% 8.31% - -
EPS 2 0.0700 0.0200 0.3600 1.030 0.3500 -0.4000 0.1700 0.6000 0.5200 1.210 0.4400 1.133 0.4233 0.2200 0.4700
Dividend per Share 2 - - - - 0.2500 0.2600 0.2600 0.2600 0.2600 - 0.2688 0.2688 0.2688 0.2831 0.2831
Announcement Date 2/24/22 4/28/22 7/28/22 10/27/22 3/1/23 4/27/23 7/27/23 10/26/23 2/29/24 4/25/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 941 1,112 - 1,064 1,194 1,234 1,354 1,453
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 4.593 x 4.508 x - 4.333 x 6.518 x 3.323 x 3.937 x 3.743 x
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 8.36% 10.5% 9.64% 7.7% 3.77% 8.26% 8.7% 8.94%
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share 2 16.10 18.30 - 23.70 24.80 26.00 27.60 29.30
Cash Flow per Share - - - - - - - -
Capex 1 274 299 293 328 384 362 371 383
Capex / Sales 38.31% 37.6% 37.07% 38.72% 48.29% 35.76% 37.9% 36.5%
Announcement Date 2/27/20 2/25/21 2/24/22 3/1/23 2/29/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for California Water Service Group

Trading Rating
Investor Rating
ESG Refinitiv
A-
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
5
Last Close Price
47.93 USD
Average target price
51.5 USD
Spread / Average Target
+7.45%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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