(CDZI) Cadiz - NASDAQ
Sector: Utilities | Industry: Utilities - Regulated Water | Exchange: NASDAQ (USA) | Market Cap: 338m USD | Total Return: 39.3% in 12m
Avg Turnover: 3.61M
Qual. Beats: 0
Rev. Trend: 95.2%
Qual. Beats: -1
Warnings
Interest Coverage Ratio -2.6 is critical
Altman Z'' -15.00 < 1.0 - financial distress zone
Below Avwap Earnings
Tailwinds
No distinct edge detected
Cadiz Inc. is a California-based water solutions provider operating through two primary segments: Land and Water Resources and Water Filtration Technology. The company manages a portfolio of water supply, storage, and conveyance assets, while also providing treatment services for contaminated groundwater and maintaining agricultural operations for grain crops.
The company operates within the Water Utilities sub-industry, a sector characterized by high capital intensity and long-term infrastructure projects designed to address regional water scarcity. Unlike traditional regulated utilities, Cadiz utilizes a business model that integrates private land ownership with proprietary filtration technology to serve both public agencies and commercial clients.
For a deeper look into the companys valuation metrics and risk profile, consider exploring the data available on ValueRay.
- Approval of pipeline transport permits for Mojave groundwater delivery to Southern California
- Execution of long-term water purchase agreements with municipal and private utility partners
- Scaling of water filtration technology sales for contaminated groundwater remediation projects
- Regulatory shifts in California water rights impacting sustainable groundwater management plans
- Execution of capital raises to fund infrastructure development and reduce debt obligations
| Net Income: -33.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.19 > 0.02 and ΔFCF/TA -1.98 > 1.0 |
| NWC/Revenue: 73.92% < 20% (prev 145.1%; Δ -71.18% < -1%) |
| CFO/TA -0.14 > 3% & CFO -20.8m > Net Income -33.2m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 1.88 > 1.5 & < 3 |
| Outstanding Shares: last quarter (83.5m) vs 12m ago 8.17% < -2% |
| Gross Margin: 31.35% > 18% (prev 26.82%; Δ 4.52% > 0.5%) |
| Asset Turnover: 10.28% > 50% (prev 7.86%; Δ 2.42% > 0%) |
| Interest Coverage Ratio: -2.64 > 6 (EBIT TTM -24.9m / Interest Expense TTM 9.43m) |
| A: 0.08 (Total Current Assets 23.7m - Total Current Liabilities 12.6m) / Total Assets 146.1m |
| B: -4.80 (Retained Earnings -700.8m / Total Assets 146.1m) |
| C: -0.17 (EBIT TTM -24.9m / Avg Total Assets 145.8m) |
| D: 0.12 (Book Value of Equity 15.6m / Total Liabilities 130.5m) |
| Altman-Z'' = -16.16 = D |
| DSRI: 0.73 (Receivables 4.74m/4.97m, Revenue 15.0m/11.4m) |
| GMI: 0.86 (GM 26.82% / 31.35%) |
| AQI: 1.18 (AQ_t 0.16 / AQ_t-1 0.13) |
| SGI: 1.31 (Revenue 15.0m / 11.4m) |
| TATA: -0.08 (NI -33.2m - CFO -20.8m) / TA 146.1m) |
| Beneish M = -3.06 (Cap -4..+1) = AA |
As of June 13, 2026, the stock is trading at USD 4.02 with a total of 997,199 shares traded.
Over the past week, the price has changed by -11.84%,
over one month by -13.92%,
over three months by -22.69% and
over the past year by +39.34%.
Cadiz has received a consensus analysts rating of 4.67. Therefore, it is recommended to buy CDZI.
- StrongBuy: 2
- Buy: 1
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 11.7 | 190.3% |
P/E Forward = 14.9254
P/S = 22.5487
P/B = 21.0081
P/EG = 1.5103
Revenue TTM = 15.0m USD
EBIT TTM = -24.9m USD
EBITDA TTM = -23.2m USD
Long Term Debt = 85.6m USD (from longTermDebt, last quarter)
Short Term Debt = 369k USD (from shortTermDebt, last quarter)
Debt = 117.9m USD (corrected: LT Debt 85.6m + ST Debt 369k) + Leases 31.9m
Net Debt = 101.4m USD (calculated: Debt 117.9m - CCE 16.5m)
Enterprise Value = 439.4m USD (338.0m + Debt 117.9m - CCE 16.5m)
Interest Coverage Ratio = -2.64 (Ebit TTM -24.9m / Interest Expense TTM 9.43m)
EV/FCF = -16.08x (Enterprise Value 439.4m / FCF TTM -27.3m)
FCF Yield = -6.22% (FCF TTM -27.3m / Enterprise Value 439.4m)
FCF Margin = -182.3% (FCF TTM -27.3m / Revenue TTM 15.0m)
Net Margin = -221.3% (Net Income TTM -33.2m / Revenue TTM 15.0m)
Gross Margin = 31.35% ((Revenue TTM 15.0m - Cost of Revenue TTM 10.3m) / Revenue TTM)
Gross Margin QoQ = 26.04% (prev 33.03%)
Tobins Q-Ratio = 3.01 (Enterprise Value 439.4m / Total Assets 146.1m)
Interest Expense / Debt = 8.00% (Interest Expense 9.43m / Debt 117.9m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -19.7m (EBIT -24.9m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 1.88 (Total Current Assets 23.7m / Total Current Liabilities 12.6m)
Debt / Equity = 7.55 (Debt 117.9m / totalStockholderEquity, last quarter 15.6m)
Debt / EBITDA = -4.37 (negative EBITDA) (Net Debt 101.4m / EBITDA -23.2m)
Debt / FCF = -3.71 (negative FCF - burning cash) (Net Debt 101.4m / FCF TTM -27.3m)
Total Stockholder Equity = 25.5m (last 4 quarters mean from totalStockholderEquity)
RoA = -22.75% (Net Income -33.2m / Total Assets 146.1m)
RoE = -129.9% (Net Income TTM -33.2m / Total Stockholder Equity 25.5m)
RoCE = -22.40% (EBIT -24.9m / Capital Employed (Equity 25.5m + L.T.Debt 85.6m))
RoIC = -14.78% (negative operating profit) (NOPAT -19.7m / Invested Capital 133.1m)
WACC = 9.95% (E(338.0m)/V(455.9m) * Re(11.21%) + D(117.9m)/V(455.9m) * Rd(8.00%) * (1-Tc(0.21)))
Discount Rate = 11.21% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 91.11 | Cagr: 10.50%
[DCF] Fair Price = unknown (Cash Flow -27.3m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.06 | # QB: 0
Revenue Correlation: 95.17 | Revenue CAGR: 160.9% | SUE: -1.79 | # QB: -1
EPS current Quarter (2026-06-30): EPS=-0.10 | Chg30d=+0.00% | Revisions=-20% | Analysts=3
EPS next Quarter (2026-09-30): EPS=-0.10 | Chg30d=+0.00% | Revisions=-20% | Analysts=3
EPS current Year (2026-12-31): EPS=-0.43 | Chg30d=-1.58% | Revisions=-20% | GrowthEPS=+10.4% | GrowthRev=+3.9%
EPS next Year (2027-12-31): EPS=-0.23 | Chg30d=+1.41% | Revisions=+20% | GrowthEPS=+46.5% | GrowthRev=+115.9%
[Analyst] Revisions Ratio: -20%