(AWR) American States Water - NYSE
Sector: Utilities | Industry: Utilities - Regulated Water | Exchange: NYSE (USA) | Market Cap: 3.072m USD | Total Return: 0.9% in 12m
Avg Turnover: 20.9M
EPS Trend: 97.7%
Qual. Beats: 0
Rev. Trend: 82.6%
Qual. Beats: 0
Warnings
Below Avwap Earnings
Tailwinds
No distinct edge detected
American States Water Company (NYSE: AWR) is a public utility holding company operating through three primary segments: Water, Electric, and Contracted Services. Headquartered in California, the firm provides regulated water services to approximately 265,100 customers and electric services to roughly 24,900 customers. Its contracted services division manages water and wastewater systems at various United States military installations under long-term municipal-type privatized contracts.
The company operates within the regulated utility sector, a capital-intensive industry where rates are typically overseen by state commissions to ensure a fair return on infrastructure investment. Unlike many domestic peers, AWR’s business model is diversified by its military privatization segment, which provides a steady, non-regulated revenue stream through 50-year service agreements. For a deeper look into these long-term contract structures, visit ValueRay.
- California Public Utilities Commission rate case decisions dictate regulated utility revenue growth
- Long term military wastewater contracts provide stable non regulated recurring cash flows
- Rising interest rates increase debt servicing costs and pressure dividend yield valuation
- California wildfire risks and drought conditions impact operational costs and infrastructure spending
- Sustained dividend growth record attracts income focused investors amidst macroeconomic volatility
| Net Income: 133.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA 3.51 > 1.0 |
| NWC/Revenue: 5.85% < 20% (prev -9.22%; Δ 15.07% < -1%) |
| CFO/TA 0.09 > 3% & CFO 256.3m > Net Income 133.5m |
| Net Debt (916.0m) to EBITDA (257.3m): 3.56 < 3 |
| Current Ratio: 1.22 > 1.5 & < 3 |
| Outstanding Shares: last quarter (39.2m) vs 12m ago 2.23% < -2% |
| Gross Margin: 57.52% > 18% (prev 75.56%; Δ -18.03% > 0.5%) |
| Asset Turnover: 25.73% > 50% (prev 23.89%; Δ 1.84% > 0%) |
| Interest Coverage Ratio: 4.43 > 6 (EBIT TTM 207.3m / Interest Expense TTM 46.8m) |
| A: 0.01 (Total Current Assets 221.4m - Total Current Liabilities 181.6m) / Total Assets 2.73b |
| B: 0.23 (Retained Earnings 630.6m / Total Assets 2.73b) |
| C: 0.08 (EBIT TTM 207.3m / Avg Total Assets 2.64b) |
| D: 0.64 (Book Value of Equity 1.06b / Total Liabilities 1.67b) |
| Altman-Z'' = 2.04 = BBB |
| DSRI: 0.94 (Receivables 140.7m/133.5m, Revenue 679.3m/608.2m) |
| GMI: 1.31 (GM 75.56% / 57.52%) |
| AQI: 1.45 (AQ_t 0.06 / AQ_t-1 0.04) |
| SGI: 1.12 (Revenue 679.3m / 608.2m) |
| TATA: -0.04 (NI 133.5m - CFO 256.3m) / TA 2.73b) |
| Beneish M = -2.44 (Cap -4..+1) = BBB |
As of June 13, 2026, the stock is trading at USD 76.88 with a total of 647,283 shares traded.
Over the past week, the price has changed by -0.18%,
over one month by +0.32%,
over three months by +6.11% and
over the past year by +0.92%.
American States Water has received a consensus analysts rating of 2.75. Therefore, it is recommended to hold AWR.
- StrongBuy: 1
- Buy: 0
- Hold: 1
- Sell: 1
- StrongSell: 1
| Analysts Target Price | 76 | -1.1% |
P/E Trailing = 22.8484
P/E Forward = 21.1864
P/S = 4.5219
P/B = 2.8872
P/EG = 2.8241
Revenue TTM = 679.3m USD
EBIT TTM = 207.3m USD
EBITDA TTM = 257.3m USD
Long Term Debt = 914.7m USD (from longTermDebt, last quarter)
Short Term Debt = 10.5m USD (from shortTermDebt, last quarter)
Debt = 938.2m USD (from shortLongTermDebtTotal, last quarter) + Leases 7.60m
Net Debt = 916.0m USD (calculated: Debt 938.2m - CCE 22.2m)
Enterprise Value = 3.99b USD (3.07b + Debt 938.2m - CCE 22.2m)
Interest Coverage Ratio = 4.43 (Ebit TTM 207.3m / Interest Expense TTM 46.8m)
EV/FCF = 104.9x (Enterprise Value 3.99b / FCF TTM 38.0m)
FCF Yield = 0.95% (FCF TTM 38.0m / Enterprise Value 3.99b)
FCF Margin = 5.59% (FCF TTM 38.0m / Revenue TTM 679.3m)
Net Margin = 19.66% (Net Income TTM 133.5m / Revenue TTM 679.3m)
Gross Margin = 57.52% ((Revenue TTM 679.3m - Cost of Revenue TTM 288.5m) / Revenue TTM)
Gross Margin QoQ = 51.75% (prev 46.67%)
Tobins Q-Ratio = 1.46 (Enterprise Value 3.99b / Total Assets 2.73b)
Interest Expense / Debt = 4.99% (Interest Expense 46.8m / Debt 938.2m)
Taxrate = 23.39% (40.8m / 174.3m)
NOPAT = 158.8m (EBIT 207.3m * (1 - 23.39%))
Current Ratio = 1.22 (Total Current Assets 221.4m / Total Current Liabilities 181.6m)
Debt / Equity = 0.88 (Debt 938.2m / totalStockholderEquity, last quarter 1.06b)
Debt / EBITDA = 3.56 (Net Debt 916.0m / EBITDA 257.3m)
Debt / FCF = 24.11 (Net Debt 916.0m / FCF TTM 38.0m)
Total Stockholder Equity = 1.02b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.06% (Net Income 133.5m / Total Assets 2.73b)
RoE = 13.06% (Net Income TTM 133.5m / Total Stockholder Equity 1.02b)
RoCE = 10.70% (EBIT 207.3m / Capital Employed (Equity 1.02b + L.T.Debt 914.7m))
RoIC = 6.25% (NOPAT 158.8m / Invested Capital 2.54b)
WACC = 4.94% (E(3.07b)/V(4.01b) * Re(5.28%) + D(938.2m)/V(4.01b) * Rd(4.99%) * (1-Tc(0.23)))
Discount Rate = 5.28% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 95.56 | Cagr: 2.51%
[DCF] Terminal Value 75.44% ; FCFF base≈38.0m ; Y1≈38.2m ; Y5≈40.4m
[DCF] Fair Price = N/A (negative equity: EV 628.6m - Net Debt 916.0m = -287.4m; debt exceeds intrinsic value)
EPS Correlation: 97.70 | EPS CAGR: 9.44% | SUE: -0.19 | # QB: 0
Revenue Correlation: 82.55 | Revenue CAGR: 5.38% | SUE: 0.05 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.93 | Chg30d=N/A | Revisions=N/A | Analysts=1
EPS next Quarter (2026-09-30): EPS=1.11 | Chg30d=N/A | Revisions=N/A | Analysts=1
EPS current Year (2026-12-31): EPS=3.71 | Chg30d=+0.27% | Revisions=+20% | GrowthEPS=+10.1% | GrowthRev=+0.0%
EPS next Year (2027-12-31): EPS=3.81 | Chg30d=+1.73% | Revisions=+20% | GrowthEPS=+2.8% | GrowthRev=+3.9%
[Analyst] Revisions Ratio: +20%