(HTO) H2O America - NASDAQ
Sector: Utilities | Industry: Utilities - Regulated Water | Exchange: NASDAQ (USA) | Market Cap: 2.403m USD | Total Return: 9.4% in 12m
Avg Turnover: 24.4M
EPS Trend: 45.5%
Qual. Beats: 0
Rev. Trend: 98.8%
Warnings
High Debt while negative Cash Flow
Below Avwap Earnings
Tailwinds
No distinct edge detected
H2O America, formerly SJW Group, is a public water utility holding company headquartered in San Jose, California. The company operates across the United States, managing the full lifecycle of water services including production, purification, storage, and distribution for wholesale and retail markets. Its resource portfolio is diversified across groundwater, surface water, reclaimed water, and purchased imports.
The business model relies on regulated utility operations where rates are typically set by state commissions, providing a predictable revenue stream tied to essential infrastructure. Beyond regulated supply, H2O America generates non-tariffed revenue through maintenance agreements, wastewater system operations, and antenna site leases on utility property. The water utility sector is characterized by high capital intensity and significant barriers to entry due to the localized nature of physical piping networks.
Investors may find additional performance metrics and peer comparisons by reviewing the latest data on ValueRay. In addition to its core utility functions, the company maintains a portfolio of undeveloped land and commercial real estate assets in California and Connecticut.
- State regulatory approvals for rate hikes drive utility revenue growth
- Drought conditions in California impact water supply and distribution costs
- Infrastructure modernization requirements increase capital expenditure and debt levels
- Expansion of non-tariffed services and maintenance contracts boosts profit margins
- Acquisitions of municipal water systems facilitate geographic and customer base expansion
| Net Income: 105.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.08 > 0.02 and ΔFCF/TA -3.87 > 1.0 |
| NWC/Revenue: 20.01% < 20% (prev -12.97%; Δ 32.98% < -1%) |
| CFO/TA 0.05 > 3% & CFO 245.3m > Net Income 105.0m |
| Net Debt (1.72b) to EBITDA (307.2m): 5.60 < 3 |
| Current Ratio: 2.02 > 1.5 & < 3 |
| Outstanding Shares: last quarter (38.5m) vs 12m ago 13.82% < -2% |
| Gross Margin: 55.45% > 18% (prev 56.79%; Δ -1.33% > 0.5%) |
| Asset Turnover: 16.19% > 50% (prev 16.21%; Δ -0.02% > 0%) |
| Interest Coverage Ratio: 2.55 > 6 (EBIT TTM 186.6m / Interest Expense TTM 73.1m) |
| A: 0.03 (Total Current Assets 323.4m - Total Current Liabilities 160.0m) / Total Assets 5.35b |
| B: 0.11 (Retained Earnings 584.2m / Total Assets 5.35b) |
| C: 0.04 (EBIT TTM 186.6m / Avg Total Assets 5.04b) |
| D: 0.52 (Book Value of Equity 1.83b / Total Liabilities 3.52b) |
| Altman-Z'' = 1.35 = BB |
| DSRI: 0.97 (Receivables 140.0m/135.8m, Revenue 816.3m/766.7m) |
| GMI: 1.02 (GM 56.79% / 55.45%) |
| AQI: 0.88 (AQ_t 0.19 / AQ_t-1 0.22) |
| SGI: 1.06 (Revenue 816.3m / 766.7m) |
| TATA: -0.03 (NI 105.0m - CFO 245.3m) / TA 5.35b) |
| Beneish M = -3.06 (Cap -4..+1) = AA |
As of June 13, 2026, the stock is trading at USD 56.64 with a total of 483,753 shares traded.
Over the past week, the price has changed by +0.16%,
over one month by -1.31%,
over three months by +1.61% and
over the past year by +9.37%.
H2O America has received a consensus analysts rating of 4.20. Therefore, it is recommended to buy HTO.
- StrongBuy: 3
- Buy: 0
- Hold: 2
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 63.7 | 12.5% |
P/E Trailing = 19.6678
P/E Forward = 20.8333
P/S = 2.9437
P/B = 1.3115
P/EG = 2.5402
Revenue TTM = 816.3m USD
EBIT TTM = 186.6m USD
EBITDA TTM = 307.2m USD
Long Term Debt = 1.87b USD (from longTermDebt, last quarter)
Short Term Debt = 8.63m USD (from shortTermDebt, last quarter)
Debt = 1.87b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.72b USD (calculated: Debt 1.87b - CCE 153.0m)
Enterprise Value = 4.12b USD (2.40b + Debt 1.87b - CCE 153.0m)
Interest Coverage Ratio = 2.55 (Ebit TTM 186.6m / Interest Expense TTM 73.1m)
EV/FCF = -9.42x (Enterprise Value 4.12b / FCF TTM -437.8m)
FCF Yield = -10.62% (FCF TTM -437.8m / Enterprise Value 4.12b)
FCF Margin = -53.64% (FCF TTM -437.8m / Revenue TTM 816.3m)
Net Margin = 12.87% (Net Income TTM 105.0m / Revenue TTM 816.3m)
Gross Margin = 55.45% ((Revenue TTM 816.3m - Cost of Revenue TTM 363.6m) / Revenue TTM)
Gross Margin QoQ = 63.76% (prev 47.20%)
Tobins Q-Ratio = 0.77 (Enterprise Value 4.12b / Total Assets 5.35b)
Interest Expense / Debt = 3.90% (Interest Expense 73.1m / Debt 1.87b)
Taxrate = 10.46% (12.3m / 117.3m)
NOPAT = 167.1m (EBIT 186.6m * (1 - 10.46%))
Current Ratio = 2.02 (Total Current Assets 323.4m / Total Current Liabilities 160.0m)
Debt / Equity = 1.02 (Debt 1.87b / totalStockholderEquity, last quarter 1.83b)
Debt / EBITDA = 5.60 (Net Debt 1.72b / EBITDA 307.2m)
Debt / FCF = -3.93 (negative FCF - burning cash) (Net Debt 1.72b / FCF TTM -437.8m)
Total Stockholder Equity = 1.59b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.08% (Net Income 105.0m / Total Assets 5.35b)
RoE = 6.60% (Net Income TTM 105.0m / Total Stockholder Equity 1.59b)
RoCE = 5.40% (EBIT 186.6m / Capital Employed (Equity 1.59b + L.T.Debt 1.87b))
RoIC = 3.24% (NOPAT 167.1m / Invested Capital 5.16b)
WACC = 4.59% (E(2.40b)/V(4.28b) * Re(5.45%) + D(1.87b)/V(4.28b) * Rd(3.90%) * (1-Tc(0.10)))
Discount Rate = 5.45% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 100.00 | Cagr: 8.53%
[DCF] Fair Price = unknown (Cash Flow -437.8m)
EPS Correlation: 45.55 | EPS CAGR: 3.24% | SUE: 0.13 | # QB: 0
Revenue Correlation: 98.83 | Revenue CAGR: 9.59% | SUE: N/A | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.69 | Chg30d=-2.08% | Revisions=-20% | Analysts=4
EPS next Quarter (2026-09-30): EPS=1.08 | Chg30d=-3.73% | Revisions=-20% | Analysts=4
EPS current Year (2026-12-31): EPS=2.74 | Chg30d=-0.64% | Revisions=-20% | GrowthEPS=-8.2% | GrowthRev=+8.5%
EPS next Year (2027-12-31): EPS=2.75 | Chg30d=-0.51% | Revisions=-20% | GrowthEPS=+0.4% | GrowthRev=+6.5%
[Analyst] Revisions Ratio: -20%