CWT Stock Analysis: California Water Service | NYSE
Utilities - Regulated Water | NYSE, USA | Market Cap: 2.971m USD | 12M Return: 6.9% | US1307881029 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 22.2M
EPS Trend: 41.1%
Qual. Beats: 1
Rev. Trend: 75.0%
Qual. Beats: 1
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.
California Water Service Group (CWT) is a water utility holding company that provides water production, storage, treatment, distribution, and related services to residential, commercial, industrial, public, and irrigation customers across five U.S. states: California, Washington, New Mexico, Hawaii, and Texas. Founded in 1926 and headquartered in San Jose, California, the company serves approximately 500,000 customer connections through 20 California districts, with additional customer bases in Hawaii, Washington, and New Mexico.
In addition to its core regulated water utility operations, CWT generates revenue from non-regulated activities, including operating municipally owned water systems, billing and meter-reading services, leasing antenna sites on its properties, and providing wastewater collection and treatment. As a water utility, the company operates under a regulated rate-base framework, in which state public utility commissions set customer rates based on capital invested in service infrastructure, generally producing stable, recurring cash flow with limited cyclical exposure but capped upside on earnings growth.
- California PUC rate case decisions drive allowed revenue growth
- Drought conditions reduce water consumption and pressure sales volumes
- Customer connection growth from acquisitions expands western US footprint
| Net Income: 133.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.04 > 0.02 and ΔFCF/TA 0.28 > 1.0 |
| NWC/Revenue: -16.45% < 20% (prev -32.76%; Δ 16.30% < -1%) |
| CFO/TA 0.06 > 3% & CFO 328.2m > Net Income 133.2m |
| Net Debt (1.64b) to EBITDA (373.0m): 4.38 < 3 |
| Current Ratio: 0.70 > 1.5 & < 3 |
| Outstanding Shares: last quarter (60.4m) vs 12m ago 1.42% < -2% |
| Gross Margin: 64.41% > 18% (prev 64.31%; Δ 0.10% > 0.5%) |
| Asset Turnover: 18.57% > 50% (prev 18.35%; Δ 0.23% > 0%) |
| Interest Coverage Ratio: 3.15 > 6 (EBIT TTM 229.2m / Interest Expense TTM 72.8m) |
| A: -0.03 (Total Current Assets 407.2m - Total Current Liabilities 580.7m) / Total Assets 5.95b |
| B: 0.13 (Retained Earnings 749.7m / Total Assets 5.95b) |
| C: 0.04 (EBIT TTM 229.2m / Avg Total Assets 5.68b) |
| D: 0.44 (Book Value of Equity 1.81b / Total Liabilities 4.14b) |
| Altman-Z'' = 0.95 = BB |
| DSRI: 1.07 (Receivables 208.6m/182.4m, Revenue 1.05b/990.7m) |
| GMI: 1.00 (GM 64.31% / 64.41%) |
| AQI: 0.95 (AQ_t 0.12 / AQ_t-1 0.13) |
| SGI: 1.06 (Revenue 1.05b / 990.7m) |
| TATA: -0.03 (NI 133.2m - CFO 328.2m) / TA 5.95b) |
| Beneish M = -2.95 (Cap -4..+1) = A |
As of September 21, 2026, the stock is trading at USD 47.38 with a total of 839,764 shares traded. Over the past week, the price has changed by -1.74%, over one month by -4.97%, over three months by +5.52% and over the past year by +6.87%.
Current recommended Stop Loss: 46.10 (which is 2.7% or 1.3 ATR below the current price).
California Water Service has received a consensus analysts rating of 5.00. Therefore, it is recommended to buy CWT.
- StrongBuy: 5
- Buy: 0
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 55.3 | 16.8% |
P/E Trailing = 21.4509
P/E Forward = 17.6367
P/S = 2.8181
P/B = 1.6361
P/EG = 2.2184
Revenue TTM = 1.05b USD
EBIT TTM = 229.2m USD
EBITDA TTM = 373.0m USD
Long Term Debt = 1.47b USD (from longTermDebt, last quarter)
Short Term Debt = 205.6m USD (from shortTermDebt, last quarter)
Debt = 1.68b USD (from shortLongTermDebtTotal, last quarter) + Leases 1.21m
Net Debt = 1.64b USD (calculated: Debt 1.68b - CCE 43.4m)
Enterprise Value = 4.61b USD (2.97b + Debt 1.68b - CCE 43.4m)
Interest Coverage Ratio = 3.15 (Ebit TTM 229.2m / Interest Expense TTM 72.8m)
EV/FCF = -19.54x (Enterprise Value 4.61b / FCF TTM -235.7m)
FCF Yield = -5.12% (FCF TTM -235.7m / Enterprise Value 4.61b)
FCF Margin = -22.36% (FCF TTM -235.7m / Revenue TTM 1.05b)
Net Margin = 12.63% (Net Income TTM 133.2m / Revenue TTM 1.05b)
Gross Margin = 64.41% ((Revenue TTM 1.05b - Cost of Revenue TTM 375.3m) / Revenue TTM)
Gross Margin QoQ = 67.27% (prev 64.44%)
Tobins Q-Ratio = 0.77 (Enterprise Value 4.61b / Total Assets 5.95b)
Interest Expense / Debt = 4.34% (Interest Expense 72.8m / Debt 1.68b)
Taxrate = 15.83% (24.8m / 156.4m)
NOPAT = 192.9m (EBIT 229.2m * (1 - 15.83%))
Current Ratio = 0.70 (Total Current Assets 407.2m / Total Current Liabilities 580.7m)
Debt / Equity = 0.93 (Debt 1.68b / totalStockholderEquity, last quarter 1.81b)
Debt / EBITDA = 4.38 (Net Debt 1.64b / EBITDA 373.0m)
Debt / FCF = -6.94 (negative FCF - burning cash) (Net Debt 1.64b / FCF TTM -235.7m)
Total Stockholder Equity = 1.75b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.35% (Net Income 133.2m / Total Assets 5.95b)
RoE = 7.62% (Net Income TTM 133.2m / Total Stockholder Equity 1.75b)
RoCE = 7.12% (EBIT 229.2m / Capital Employed (Equity 1.75b + L.T.Debt 1.47b))
RoIC = 3.48% (NOPAT 192.9m / Invested Capital 5.54b)
WACC = 4.29% (E(2.97b)/V(4.65b) * Re(4.65%) + D(1.68b)/V(4.65b) * Rd(4.34%) * (1-Tc(0.16)))
Discount Rate = 4.65% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 93.60 | Cagr: 2.02%
[DCF] Fair Price = unknown (Cash Flow -235.7m)
EPS Correlation: 41.15 | EPS CAGR: 24.41% | SUE: 0.93 | # QB: 1
Revenue Correlation: 74.98 | Revenue CAGR: 8.53% | SUE: 1.93 | # QB: 1
EPS current Quarter (2026-09-30): EPS=1.21 | Chg30d=+13.08% | Revisions=-25% | Analysts=1
EPS current Year (2026-12-31): EPS=2.61 | Chg30d=+6.40% | Revisions=+25% | GrowthEPS=+21.2% | GrowthRev=+8.7%
EPS next Year (2027-12-31): EPS=2.75 | Chg30d=-0.36% | Revisions=-17% | GrowthEPS=+5.5% | GrowthRev=+7.2%
[Analyst] Revisions Ratio: -12% (up=2, down=3)