HTO Stock Analysis: H2O America | NASDAQ
Utilities - Regulated Water | NASDAQ, USA | Market Cap: 3.434m USD | 12M Return: 37.2% | US7843051043 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 43.2M
EPS Trend: 49.4%
Qual. Beats: 0
Rev. Trend: 98.0%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
H2O America (NASDAQ: HTO), formerly SJW Group until its May 2025 rebranding, is a U.S. water utility holding company headquartered in San Jose, California and incorporated in 1985. Through its subsidiaries, it produces, purchases, stores, purifies, distributes, and sells water and wastewater services on both a wholesale and retail basis, drawing from groundwater wells, surface water, reclaimed water, and imported supply from the Valley Water District. The company also generates ancillary revenue from non-tariffed services such as water system operations and maintenance agreements, antenna site leases, sewer operations, and the Linebacker water service line protection plan offered to residential customers in Connecticut and Maine. In addition to its utility operations, H2O America holds undeveloped land in California and commercial properties in Connecticut.
The company operates within the regulated Water Utilities sub-industry of the GICS Utilities sector, where operators typically function as state-approved monopoly providers with rate-regulated revenue streams and capital-intensive infrastructure. Its geographic footprint spans multiple U.S. states, including California, Connecticut, and Maine, which diversifies exposure to regional regulatory environments and climate conditions affecting water supply. The combination of regulated tariffed utility income with non-tariffed service and property holdings provides a measure of revenue stability characteristic of the defensive utilities sector.
- California rate case outcomes drive revenue and return on equity
- Drought conditions raise imported water procurement costs from Valley Water
- Infrastructure capital expenditure expands rate base and earnings
| Net Income: 104.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.07 > 0.02 and ΔFCF/TA -1.50 > 1.0 |
| NWC/Revenue: 43.88% < 20% (prev -12.06%; Δ 55.94% < -1%) |
| CFO/TA 0.04 > 3% & CFO 248.2m > Net Income 104.9m |
| Net Debt (1.52b) to EBITDA (321.2m): 4.72 < 3 |
| Current Ratio: 1.90 > 1.5 & < 3 |
| Outstanding Shares: last quarter (43.5m) vs 12m ago 21.98% < -2% |
| Gross Margin: 57.32% > 18% (prev 57.30%; Δ 0.02% > 0.5%) |
| Asset Turnover: 15.15% > 50% (prev 16.05%; Δ -0.90% > 0%) |
| Interest Coverage Ratio: 2.58 > 6 (EBIT TTM 189.1m / Interest Expense TTM 73.2m) |
| A: 0.06 (Total Current Assets 778.1m - Total Current Liabilities 410.3m) / Total Assets 6.05b |
| B: 0.10 (Retained Earnings 617.0m / Total Assets 6.05b) |
| C: 0.03 (EBIT TTM 189.1m / Avg Total Assets 5.53b) |
| D: 0.57 (Book Value of Equity 2.20b / Total Liabilities 3.85b) |
| Altman-Z'' = 1.56 = BB |
| DSRI: 0.55 (Receivables 95.6m/165.6m, Revenue 838.2m/804.2m) |
| GMI: 1.00 (GM 57.30% / 57.32%) |
| AQI: 0.87 (AQ_t 0.17 / AQ_t-1 0.20) |
| SGI: 1.04 (Revenue 838.2m / 804.2m) |
| TATA: -0.02 (NI 104.9m - CFO 248.2m) / TA 6.05b) |
| Beneish M = -3.44 (Cap -4..+1) = AA |
As of November 10, 2026, the stock is trading at USD 62.13 with a total of 654,782 shares traded. Over the past week, the price has changed by +2.25%, over one month by +6.99%, over three months by +2.15% and over the past year by +37.23%.
Current recommended Stop Loss: 57.70 (which is 7.1% or 2.4 ATR below the current price).
H2O America has received a consensus analysts rating of 4.29. Therefore, it is recommended to buy HTO.
- StrongBuy: 4
- Buy: 1
- Hold: 2
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 65.1 | 4.8% |
P/E Trailing = 24.3774
P/E Forward = 21.978
P/S = 4.0975
P/B = 1.3313
P/EG = 2.6838
Revenue TTM = 838.2m USD
EBIT TTM = 189.1m USD
EBITDA TTM = 321.2m USD
Long Term Debt = 1.88b USD (from longTermDebt, last quarter)
Short Term Debt = 208.2m USD (from shortTermDebt, last quarter)
Debt = 2.09b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.52b USD (calculated: Debt 2.09b - CCE 573.0m)
Enterprise Value = 4.95b USD (3.43b + Debt 2.09b - CCE 573.0m)
Interest Coverage Ratio = 2.58 (Ebit TTM 189.1m / Interest Expense TTM 73.2m)
EV/FCF = -12.35x (Enterprise Value 4.95b / FCF TTM -401.0m)
FCF Yield = -8.10% (FCF TTM -401.0m / Enterprise Value 4.95b)
FCF Margin = -47.84% (FCF TTM -401.0m / Revenue TTM 838.2m)
Net Margin = 12.51% (Net Income TTM 104.9m / Revenue TTM 838.2m)
Gross Margin = 57.32% ((Revenue TTM 838.2m - Cost of Revenue TTM 357.7m) / Revenue TTM)
Gross Margin QoQ = 58.72% (prev 59.39%)
Tobins Q-Ratio = 0.82 (Enterprise Value 4.95b / Total Assets 6.05b)
Interest Expense / Debt = 3.50% (Interest Expense 73.2m / Debt 2.09b)
Taxrate = 9.49% (11.0m / 115.9m)
NOPAT = 171.1m (EBIT 189.1m * (1 - 9.49%))
Current Ratio = 1.90 (Total Current Assets 778.1m / Total Current Liabilities 410.3m)
Debt / Equity = 0.95 (Debt 2.09b / totalStockholderEquity, last quarter 2.20b)
Debt / EBITDA = 4.72 (Net Debt 1.52b / EBITDA 321.2m)
Debt / FCF = -3.78 (negative FCF - burning cash) (Net Debt 1.52b / FCF TTM -401.0m)
Total Stockholder Equity = 1.85b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.90% (Net Income 104.9m / Total Assets 6.05b)
RoE = 5.65% (Net Income TTM 104.9m / Total Stockholder Equity 1.85b)
RoCE = 5.06% (EBIT 189.1m / Capital Employed (Equity 1.85b + L.T.Debt 1.88b))
RoIC = 2.95% (NOPAT 171.1m / Invested Capital 5.81b)
WACC = 4.02% (E(3.43b)/V(5.52b) * Re(4.53%) + D(2.09b)/V(5.52b) * Rd(3.50%) * (1-Tc(0.09)))
Discount Rate = 4.53% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 94.06 | Cagr: 13.87%
[DCF] Fair Price = unknown (Cash Flow -401.0m)
EPS Correlation: 49.38 | EPS CAGR: 3.39% | SUE: -0.27 | # QB: 0
Revenue Correlation: 98.02 | Revenue CAGR: 8.79% | SUE: -0.03 | # QB: 0
EPS current Quarter (2027-03-31): EPS=0.41 | Chg30d=-3.88% | Revisions=-25% | Analysts=3
EPS current Year (2026-12-31): EPS=2.93 | Chg30d=+6.45% | Revisions=+40% | GrowthEPS=-2.1% | GrowthRev=+7.7%
EPS next Year (2027-12-31): EPS=2.77 | Chg30d=+1.84% | Revisions=+40% | GrowthEPS=-5.3% | GrowthRev=+7.0%
[Analyst] Revisions Ratio: +38% (up=4, down=1)