AMERICAN STATES WATER COMPANY |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 69.91 USD | -0.57% |
|
+0.95% | -13.07% |
| Feb. 22 | Transcript : American States Water Company, Q4 2023 Earnings Call, Feb 22, 2024 | |
| Feb. 22 | American States Water Company's Q4 Adjusted Earnings Increase, Revenue Slips | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,192 | 2,933 | 3,821 | 3,421 | 2,974 | 2,603 | - | - |
| Enterprise Value (EV) 1 | 3,477 | 3,471 | 3,821 | 3,862 | 2,974 | 3,211 | 3,232 | 3,267 |
| P/E ratio | 38 x | 34.1 x | 40.6 x | 43.9 x | 23.9 x | 23.1 x | 21.3 x | 20 x |
| Yield | 1.34% | 1.61% | 1.35% | 1.65% | 2.06% | 2.55% | 2.74% | 2.95% |
| Capitalization / Revenue | 6.74 x | 6.01 x | 7.66 x | 6.96 x | 4.99 x | 4.72 x | 4.47 x | 4.31 x |
| EV / Revenue | 7.34 x | 7.11 x | 7.66 x | 7.86 x | 4.99 x | 5.82 x | 5.55 x | 5.41 x |
| EV / EBITDA | 21.7 x | 20.7 x | 21.2 x | 23 x | 12.4 x | 14.4 x | 13.4 x | 12.7 x |
| EV / FCF | - | - | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - | - | - |
| Price to Book | 5.31 x | 4.57 x | - | 4.82 x | - | 2.96 x | 2.67 x | 2.43 x |
| Nbr of stocks (in thousands) | 36,839 | 36,889 | 36,936 | 36,961 | 36,981 | 37,229 | - | - |
| Reference price 2 | 86.64 | 79.51 | 103.4 | 92.55 | 80.42 | 69.91 | 69.91 | 69.91 |
| Announcement Date | 2/24/20 | 2/22/21 | 2/22/22 | 3/1/23 | 2/21/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 473.9 | 488.2 | 498.9 | 491.5 | 595.7 | 552 | 582.4 | 603.5 |
| EBITDA 1 | 160.6 | 167.3 | 180.6 | 168 | 239.1 | 223.1 | 240.6 | 257.6 |
| EBIT 1 | 125.2 | 130.5 | 141 | 126.6 | 196.7 | 179.3 | 195.4 | 209.1 |
| Operating Margin | 26.41% | 26.73% | 28.26% | 25.76% | 33.03% | 32.48% | 33.54% | 34.65% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - |
| Net income 1 | 84.34 | 86.42 | 94.35 | 78.4 | 124.9 | 113.4 | 124.7 | 133.9 |
| Net margin | 17.8% | 17.7% | 18.91% | 15.95% | 20.97% | 20.54% | 21.41% | 22.18% |
| EPS 2 | 2.280 | 2.330 | 2.550 | 2.110 | 3.360 | 3.022 | 3.290 | 3.501 |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 1.160 | 1.280 | 1.400 | 1.525 | 1.655 | 1.783 | 1.918 | 2.065 |
| Announcement Date | 2/24/20 | 2/22/21 | 2/22/22 | 3/1/23 | 2/21/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 136.8 | 116.6 | 108.6 | 122.6 | 135 | 125.4 | 161.4 | 157.4 | 151.7 | 125.2 | 119 | 138 | 161 | 126 | 127 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT | 42.78 | - | - | - | - | 27.61 | - | - | - | - | - | - | - | - | - |
| Operating Margin | 31.29% | - | - | - | - | 22.03% | - | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income 1 | 28.15 | - | - | - | - | 18.63 | 34.41 | 38.52 | 31.56 | 20.43 | 22.82 | 24.32 | 34.01 | 32.91 | - |
| Net margin | 20.59% | - | - | - | - | 14.86% | 21.31% | 24.47% | 20.81% | 16.32% | 19.18% | 17.62% | 21.12% | 26.12% | - |
| EPS 2 | 0.7600 | 0.5500 | 0.3800 | 0.5400 | 0.6900 | 0.5000 | 0.9300 | 1.040 | 0.8500 | 0.5500 | 0.6175 | 0.7967 | 0.9464 | 0.6632 | 0.6300 |
| Dividend per Share 2 | 0.3650 | - | - | - | - | 0.3975 | 0.3975 | 0.3975 | 0.4300 | 0.4300 | 0.4448 | 0.4448 | 0.4448 | 0.4448 | 0.4781 |
| Announcement Date | 11/1/21 | 2/22/22 | 5/2/22 | 8/1/22 | 11/7/22 | 3/1/23 | 5/10/23 | 8/7/23 | 11/6/23 | 2/21/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 285 | 538 | - | 441 | - | 609 | 629 | 665 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.775 x | 3.216 x | - | 2.625 x | - | 2.729 x | 2.614 x | 2.581 x |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 14.5% | 13.9% | 14.2% | 11.2% | - | 13.8% | 13.4% | 13% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share 2 | 16.30 | 17.40 | - | 19.20 | - | 23.60 | 26.20 | 28.80 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 152 | 130 | 145 | 166 | - | 170 | 178 | 180 |
| Capex / Sales | 32.06% | 26.71% | 28.97% | 33.82% | - | 30.88% | 30.6% | 29.76% |
| Announcement Date | 2/24/20 | 2/22/21 | 2/22/22 | 3/1/23 | 2/21/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B-
Sell
Buy
Mean consensus
HOLD
Number of Analysts
4
Last Close Price
69.91
USD
Average target price
78.67
USD
Spread / Average Target
+12.53%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -13.07% | 2.6B | |
| -3.37% | 9.87B | |
| -4.69% | 9.16B | |
| -1.98% | 8.82B | |
| +7.06% | 2.92B | |
| +24.08% | 2.89B | |
| -7.60% | 2.77B | |
| -11.44% | 2.37B | |
| -5.83% | 1.69B | |
| +9.71% | 1.62B |
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