AWR Stock Analysis: American States Water | NYSE
Utilities - Regulated Water | NYSE, USA | Market Cap: 3.369m USD | 12M Return: 15.4% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 25.7M
EPS Trend: 97.8%
Qual. Beats: 0
Rev. Trend: 82.6%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 11.6 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.
American States Water Company (NYSE: AWR) is a U.S. utility holding company that provides water and electric services to residential, commercial, industrial, and other customers through three operating segments: Water, Electric, and Contracted Services. The company purchases, produces, distributes, and sells water, and also distributes electricity. As a regulated water utility (GICS Sub Industry: Water Utilities), AWR operates under a rate-regulated business model in which returns are typically determined by state public utility commissions based on an authorized rate base, providing relatively stable, predictable cash flows characteristic of the utilities sector.
AWR serves approximately 265,100 water customers and distributes electricity to approximately 24,900 customers in several San Bernardino County Mountain communities in California. In addition to its regulated utility operations, the company provides water and/or wastewater services at various military installations through its Contracted Services segment, which represents a non-regulated, contract-based business line that distinguishes AWR from pure-play regulated water utilities.
The company was founded in 1929, is headquartered in San Dimas, California, and trades on the NYSE as a mid-cap stock with a market capitalization of approximately $3.0 billion USD. Water utilities typically appeal to income-oriented investors due to their defensive characteristics, recurring revenue streams, and consistent dividend payments.
- CPUC rate case decision lifts authorized return on equity
- Military base contracts drive contracted services revenue growth
- California drought accelerates water infrastructure capital expenditure
| 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 (257.8m): 3.55 < 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: 4.44 > 6 (EBIT TTM 207.8m / 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 207.8m / Avg Total Assets 2.64b) |
| D: 0.64 (Book Value of Equity 1.06b / Total Liabilities 1.67b) |
| Altman-Z'' = 2.05 = BBB |
| DSRI: 0.94 (Receivables 140.7m/133.5m, Revenue 679.3m/608.2m) |
| GMI: 1.31 (GM 75.56% / 57.52%) |
| AQI: 1.01 (AQ_t 0.06 / AQ_t-1 0.06) |
| SGI: 1.12 (Revenue 679.3m / 608.2m) |
| TATA: -0.04 (NI 133.5m - CFO 256.3m) / TA 2.73b) |
| Beneish M = -2.70 (Cap -4..+1) = A |
As of August 04, 2026, the stock is trading at USD 84.75 with a total of 357,539 shares traded. Over the past week, the price has changed by -1.56%, over one month by +1.94%, over three months by +12.16% and over the past year by +15.36%.
Current recommended Stop Loss: 82.10 (which is 3.1% or 1.4 ATR below the current price).
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 | 76.5 | -9.7% |
P/E Trailing = 25.6597
P/E Forward = 22.3214
P/S = 4.9599
P/B = 3.2368
P/EG = 2.9777
Revenue TTM = 679.3m USD
EBIT TTM = 207.8m USD
EBITDA TTM = 257.8m 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 = 4.29b USD (3.37b + Debt 938.2m - CCE 22.2m)
Interest Coverage Ratio = 4.44 (Ebit TTM 207.8m / Interest Expense TTM 46.8m)
EV/FCF = 112.8x (Enterprise Value 4.29b / FCF TTM 38.0m)
FCF Yield = 0.89% (FCF TTM 38.0m / Enterprise Value 4.29b)
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 = 1.57 (Enterprise Value 4.29b / Total Assets 2.73b)
Interest Expense / Debt = 4.99% (Interest Expense 46.8m / Debt 938.2m)
Taxrate = 23.39% (40.8m / 174.3m)
NOPAT = 159.2m (EBIT 207.8m * (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 = 3.55 (Net Debt 916.0m / EBITDA 257.8m)
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 = 10.73% (EBIT 207.8m / Capital Employed (Equity 1.02b + L.T.Debt 914.7m))
RoIC = 6.27% (NOPAT 159.2m / Invested Capital 2.54b)
WACC = 4.82% (E(3.37b)/V(4.31b) * Re(5.10%) + D(938.2m)/V(4.31b) * Rd(4.99%) * (1-Tc(0.23)))
Discount Rate = 5.10% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 98.26 | 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: 97.75 | EPS CAGR: 9.48% | SUE: -0.20 | # 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=+0.00% | Revisions=+0% | Analysts=1
EPS next Quarter (2026-09-30): EPS=1.11 | Chg30d=+0.00% | Revisions=+0% | Analysts=1
EPS current Year (2026-12-31): EPS=3.68 | Chg30d=-0.90% | Revisions=+25% | GrowthEPS=+9.1% | GrowthRev=+0.0%
EPS next Year (2027-12-31): EPS=3.79 | Chg30d=-0.66% | Revisions=+25% | GrowthEPS=+3.1% | GrowthRev=+4.1%
[Analyst] Revisions Ratio: +40% (up=2, down=0)