CWT Stock Analysis: California Water Service | NYSE
Utilities - Regulated Water | NYSE, USA | Market Cap: 3.209m USD | 12M Return: 12.8% | US1307881029 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 19.9M
EPS Trend: 10.0%
Qual. Beats: -1
Rev. Trend: 70.6%
Qual. Beats: 2
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.
California Water Service Group (NYSE: CWT) is a water utility holding company that provides water and wastewater services across five U.S. states: California, Washington, New Mexico, Hawaii, and Texas. Its core regulated operations span the full water value chain-production, purchase, storage, treatment, testing, distribution, and sale-serving domestic, industrial, public, irrigation, and fire protection customers through a large, geographically dispersed base of customer connections organized into separate districts and regional service areas.
In addition to its regulated water utility business, CWT operates a non-regulated segment that includes contract operations of municipally and privately owned water and recycled water systems, meter reading and billing services, leasing of communication antenna sites on its properties, and optional third-party insurance billing for residential customers. The company also provides wastewater collection and treatment. Founded in 1926 and headquartered in San Jose, California, CWT is classified within the GICS Utilities sector under the Water Utilities sub-industry and trades as a mid-cap stock.
Water utilities like CWT generally operate under a regulated, rate-base business model in which state public utility commissions set customer rates designed to recover operating costs and earn an authorized return on invested capital infrastructure, making long-term rate case outcomes and customer growth key drivers of earnings.
- CPUC rate case decision lifts authorized return on equity
- California drought restrictions cut customer water consumption volumes
- Multi-year pipeline replacement program expands rate base and earnings
| Net Income: 137.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.04 > 0.02 and ΔFCF/TA -1.12 > 1.0 |
| NWC/Revenue: -15.56% < 20% (prev -32.98%; Δ 17.43% < -1%) |
| CFO/TA 0.05 > 3% & CFO 310.1m > Net Income 137.4m |
| Net Debt (1.60b) to EBITDA (383.6m): 4.18 < 3 |
| Current Ratio: 0.71 > 1.5 & < 3 |
| Outstanding Shares: last quarter (62.5m) vs 12m ago 4.78% < -2% |
| Gross Margin: 64.86% > 18% (prev 63.92%; Δ 0.94% > 0.5%) |
| Asset Turnover: 18.55% > 50% (prev 18.16%; Δ 0.39% > 0%) |
| Interest Coverage Ratio: 3.23 > 6 (EBIT TTM 241.0m / Interest Expense TTM 74.7m) |
| A: -0.03 (Total Current Assets 407.6m - Total Current Liabilities 574.9m) / Total Assets 6.07b |
| B: 0.13 (Retained Earnings 794.2m / Total Assets 6.07b) |
| C: 0.04 (EBIT TTM 241.0m / Avg Total Assets 5.80b) |
| D: 0.46 (Book Value of Equity 1.90b / Total Liabilities 4.17b) |
| Altman-Z'' = 1.00 = BB |
| DSRI: 1.04 (Receivables 204.4m/183.6m, Revenue 1.08b/1.00b) |
| GMI: 0.99 (GM 63.92% / 64.86%) |
| AQI: 0.99 (AQ_t 0.12 / AQ_t-1 0.12) |
| SGI: 1.07 (Revenue 1.08b / 1.00b) |
| TATA: -0.03 (NI 137.4m - CFO 310.1m) / TA 6.07b) |
| Beneish M = -2.96 (Cap -4..+1) = A |
As of November 10, 2026, the stock is trading at USD 50.16 with a total of 388,580 shares traded. Over the past week, the price has changed by +2.04%, over one month by +9.91%, over three months by +2.04% and over the past year by +12.81%.
Current recommended Stop Loss: 47.70 (which is 4.9% or 2.1 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: 4
- Buy: 0
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 54.8 | 9.2% |
P/E Trailing = 22.5841
P/E Forward = 18.8324
P/S = 2.9845
P/B = 1.6856
P/EG = 2.2184
Revenue TTM = 1.08b USD
EBIT TTM = 241.0m USD
EBITDA TTM = 383.6m USD
Long Term Debt = 1.47b USD (from longTermDebt, last quarter)
Short Term Debt = 175.3m USD (from shortTermDebt, last quarter)
Debt = 1.65b USD (from shortLongTermDebtTotal, last quarter) + Leases 1.21m
Net Debt = 1.60b USD (calculated: Debt 1.65b - CCE 45.1m)
Enterprise Value = 4.81b USD (3.21b + Debt 1.65b - CCE 45.1m)
Interest Coverage Ratio = 3.23 (Ebit TTM 241.0m / Interest Expense TTM 74.7m)
EV/FCF = -18.03x (Enterprise Value 4.81b / FCF TTM -266.9m)
FCF Yield = -5.55% (FCF TTM -266.9m / Enterprise Value 4.81b)
FCF Margin = -24.82% (FCF TTM -266.9m / Revenue TTM 1.08b)
Net Margin = 12.78% (Net Income TTM 137.4m / Revenue TTM 1.08b)
Gross Margin = 64.86% ((Revenue TTM 1.08b - Cost of Revenue TTM 377.9m) / Revenue TTM)
Gross Margin QoQ = 66.42% (prev 67.27%)
Tobins Q-Ratio = 0.79 (Enterprise Value 4.81b / Total Assets 6.07b)
Interest Expense / Debt = 4.53% (Interest Expense 74.7m / Debt 1.65b)
Taxrate = 18.33% (30.5m / 166.4m)
NOPAT = 196.9m (EBIT 241.0m * (1 - 18.33%))
Current Ratio = 0.71 (Total Current Assets 407.6m / Total Current Liabilities 574.9m)
Debt / Equity = 0.87 (Debt 1.65b / totalStockholderEquity, last quarter 1.90b)
Debt / EBITDA = 4.18 (Net Debt 1.60b / EBITDA 383.6m)
Debt / FCF = -6.01 (negative FCF - burning cash) (Net Debt 1.60b / FCF TTM -266.9m)
Total Stockholder Equity = 1.80b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.37% (Net Income 137.4m / Total Assets 6.07b)
RoE = 7.64% (Net Income TTM 137.4m / Total Stockholder Equity 1.80b)
RoCE = 7.37% (EBIT 241.0m / Capital Employed (Equity 1.80b + L.T.Debt 1.47b))
RoIC = 3.50% (NOPAT 196.9m / Invested Capital 5.63b)
WACC = 4.02% (E(3.21b)/V(4.86b) * Re(4.19%) + D(1.65b)/V(4.86b) * Rd(4.53%) * (1-Tc(0.18)))
Discount Rate = 4.19% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 85.73 | Cagr: 3.12%
[DCF] Fair Price = unknown (Cash Flow -266.9m)
EPS Correlation: 10.02 | EPS CAGR: 3.90% | SUE: -1.36 | # QB: -1
Revenue Correlation: 70.60 | Revenue CAGR: 6.31% | SUE: 0.98 | # QB: 2
EPS current Quarter (2027-03-31): EPS=0.05 | Chg30d=N/A | Revisions=+0% | Analysts=1
EPS current Year (2026-12-31): EPS=2.62 | Chg30d=+0.51% | Revisions=+25% | GrowthEPS=+21.9% | GrowthRev=+11.2%
EPS next Year (2027-12-31): EPS=2.73 | Chg30d=-0.91% | Revisions=-17% | GrowthEPS=+4.0% | GrowthRev=+4.3%
[Analyst] Revisions Ratio: +0% (up=2, down=2)