(CWT) California Water Service - Overview
Stock: Water, Wastewater, Treatment, Distribution, Services
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 2.63% |
| Yield on Cost 5y | 2.92% |
| Yield CAGR 5y | 6.87% |
| Payout Consistency | 97.5% |
| Payout Ratio | 63.0% |
| Risk 5d forecast | |
|---|---|
| Volatility | 22.9% |
| Relative Tail Risk | -5.25% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.06 |
| Alpha | -1.54 |
| Character TTM | |
|---|---|
| Beta | -0.012 |
| Beta Downside | -0.134 |
| Drawdowns 3y | |
|---|---|
| Max DD | 28.92% |
| CAGR/Max DD | -0.27 |
Description: CWT California Water Service January 12, 2026
California Water Service Group (CWT) operates regulated water-utility businesses across five states, serving roughly 556,000 water and wastewater connections-including 499,400 in 100 California communities, 6,700 on the Hawaiian islands, 38,300 in western Washington, and 11,500 in central New Mexico/Texas. Its core activities span water production, purchase, storage, treatment, testing, distribution, and fire-protection services, complemented by non-regulated offerings such as municipal system operations, meter-reading, billing, antenna-site leasing, and third-party insurance programs.
Key sector drivers that shape CWT’s outlook include: (1) **Regulatory rate-base growth**, which historically averages ~3-4% YoY and underpins steady revenue expansion; (2) **Capital intensity**, with annual capex typically ranging from $300-$350 million to maintain aging infrastructure and meet drought-related resiliency standards; and (3) **Interest-rate sensitivity**, as the utility’s debt-heavy balance sheet (≈ 70% leverage) makes net-interest-margin fluctuations a material earnings driver.
For analysts seeking deeper quantitative insight, ValueRay’s platform provides granular, real-time KPI dashboards that can help validate these assumptions and uncover hidden valuation levers.
Piotroski VR‑10 (Strict, 0-10) 4.5
| Net Income: 136.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.03 > 0.02 and ΔFCF/TA -0.39 > 1.0 |
| NWC/Revenue: -32.98% < 20% (prev -20.19%; Δ -12.79% < -1%) |
| CFO/TA 0.06 > 3% & CFO 322.7m > Net Income 136.4m |
| Net Debt (1.45b) to EBITDA (337.1m): 4.29 < 3 |
| Current Ratio: 0.55 > 1.5 & < 3 |
| Outstanding Shares: last quarter (59.7m) vs 12m ago 1.14% < -2% |
| Gross Margin: 56.63% > 18% (prev 0.62%; Δ 5601 % > 0.5%) |
| Asset Turnover: 19.03% > 50% (prev 20.52%; Δ -1.49% > 0%) |
| Interest Coverage Ratio: 3.03 > 6 (EBITDA TTM 337.1m / Interest Expense TTM 64.2m) |
Altman Z'' 0.49
| A: -0.06 (Total Current Assets 399.3m - Total Current Liabilities 729.9m) / Total Assets 5.52b |
| B: 0.13 (Retained Earnings 735.7m / Total Assets 5.52b) |
| C: 0.04 (EBIT TTM 194.3m / Avg Total Assets 5.27b) |
| D: 0.19 (Book Value of Equity 729.5m / Total Liabilities 3.82b) |
| Altman-Z'' Score: 0.49 = B |
Beneish M -3.10
| DSRI: 0.87 (Receivables 183.6m/216.4m, Revenue 1.00b/1.03b) |
| GMI: 1.09 (GM 56.63% / 61.94%) |
| AQI: 1.01 (AQ_t 0.12 / AQ_t-1 0.12) |
| SGI: 0.97 (Revenue 1.00b / 1.03b) |
| TATA: -0.03 (NI 136.4m - CFO 322.7m) / TA 5.52b) |
| Beneish M-Score: -3.10 (Cap -4..+1) = AA |
What is the price of CWT shares?
Over the past week, the price has changed by -0.51%, over one month by +2.63%, over three months by -3.43% and over the past year by +2.95%.
Is CWT a buy, sell or hold?
- StrongBuy: 5
- Buy: 0
- Hold: 0
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the CWT price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 51.7 | 16.2% |
| Analysts Target Price | 51.7 | 16.2% |
| ValueRay Target Price | 44.1 | -0.9% |
CWT Fundamental Data Overview February 05, 2026
P/E Forward = 17.8571
P/S = 2.6426
P/B = 1.5577
P/EG = 3.3682
Revenue TTM = 1.00b USD
EBIT TTM = 194.3m USD
EBITDA TTM = 337.1m USD
Long Term Debt = 1.10b USD (from longTermDebt, last quarter)
Short Term Debt = 417.5m USD (from shortTermDebt, last quarter)
Debt = 1.52b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.45b USD (from netDebt column, last quarter)
Enterprise Value = 4.09b USD (2.65b + Debt 1.52b - CCE 76.0m)
Interest Coverage Ratio = 3.03 (Ebit TTM 194.3m / Interest Expense TTM 64.2m)
EV/FCF = -22.67x (Enterprise Value 4.09b / FCF TTM -180.6m)
FCF Yield = -4.41% (FCF TTM -180.6m / Enterprise Value 4.09b)
FCF Margin = -18.02% (FCF TTM -180.6m / Revenue TTM 1.00b)
Net Margin = 13.61% (Net Income TTM 136.4m / Revenue TTM 1.00b)
Gross Margin = 56.63% ((Revenue TTM 1.00b - Cost of Revenue TTM 434.7m) / Revenue TTM)
Gross Margin QoQ = 41.50% (prev 64.32%)
Tobins Q-Ratio = 0.74 (Enterprise Value 4.09b / Total Assets 5.52b)
Interest Expense / Debt = 1.13% (Interest Expense 17.1m / Debt 1.52b)
Taxrate = 25.97% (12.6m / 48.5m)
NOPAT = 143.9m (EBIT 194.3m * (1 - 25.97%))
Current Ratio = 0.55 (Total Current Assets 399.3m / Total Current Liabilities 729.9m)
Debt / Equity = 0.89 (Debt 1.52b / totalStockholderEquity, last quarter 1.70b)
Debt / EBITDA = 4.29 (Net Debt 1.45b / EBITDA 337.1m)
Debt / FCF = -8.00 (negative FCF - burning cash) (Net Debt 1.45b / FCF TTM -180.6m)
Total Stockholder Equity = 1.66b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.59% (Net Income 136.4m / Total Assets 5.52b)
RoE = 8.23% (Net Income TTM 136.4m / Total Stockholder Equity 1.66b)
RoCE = 7.04% (EBIT 194.3m / Capital Employed (Equity 1.66b + L.T.Debt 1.10b))
RoIC = 4.60% (NOPAT 143.9m / Invested Capital 3.13b)
WACC = 4.03% (E(2.65b)/V(4.17b) * Re(5.87%) + D(1.52b)/V(4.17b) * Rd(1.13%) * (1-Tc(0.26)))
Discount Rate = 5.87% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 100.0 | Cagr: 1.63%
Fair Price DCF = unknown (Cash Flow -180.6m)
EPS Correlation: 20.13 | EPS CAGR: -5.54% | SUE: -0.79 | # QB: 0
Revenue Correlation: 58.81 | Revenue CAGR: 16.89% | SUE: -0.22 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.23 | Chg30d=+0.000 | Revisions Net=+1 | Analysts=1
EPS next Year (2026-12-31): EPS=2.55 | Chg30d=+0.012 | Revisions Net=-1 | Growth EPS=+9.5% | Growth Revenue=+8.0%