California Water Service Group Just Missed Earnings - But Analysts Have Updated Their Models
Oct 29
U.S. Water Industry Analysis
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies26
- 7D0.8%
- 3M-19.1%
- 1Y-20.3%
- YTD-24.8%
Over the last 7 days, the Water industry has remained flat. As for the longer term, the industry has declined 20% in the last year. Earnings are forecast to grow by 8.7% annually.
Industry Valuation and Performance
Has the U.S. Water Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 30 Oct 2023 | US$42.7b | US$8.9b | US$1.7b | 25x | 25.5x | 4.8x |
| Wed, 27 Sep 2023 | US$46.0b | US$8.9b | US$1.7b | 27.3x | 27.1x | 5.2x |
| Fri, 25 Aug 2023 | US$48.9b | US$8.9b | US$1.7b | 29x | 28.9x | 5.5x |
| Sun, 23 Jul 2023 | US$53.3b | US$8.7b | US$1.6b | 33.3x | 33.2x | 6.1x |
| Tue, 20 Jun 2023 | US$52.7b | US$8.7b | US$1.6b | 35.2x | 32.9x | 6.1x |
| Thu, 18 May 2023 | US$51.5b | US$8.7b | US$1.6b | 33.9x | 32.1x | 5.9x |
| Sat, 15 Apr 2023 | US$53.6b | US$8.5b | US$1.6b | 33.1x | 33.4x | 6.3x |
| Mon, 13 Mar 2023 | US$49.1b | US$8.5b | US$1.6b | 31.1x | 30.5x | 5.8x |
| Wed, 08 Feb 2023 | US$54.3b | US$8.3b | US$2.1b | 37x | 26.2x | 6.5x |
| Fri, 06 Jan 2023 | US$53.6b | US$8.3b | US$2.1b | 32.3x | 25.8x | 6.4x |
| Sun, 04 Dec 2022 | US$53.9b | US$8.3b | US$2.1b | 35.2x | 26x | 6.5x |
| Tue, 01 Nov 2022 | US$50.7b | US$8.2b | US$2.0b | 35.5x | 24.9x | 6.2x |
| Thu, 29 Sep 2022 | US$47.8b | US$8.2b | US$2.0b | 34.2x | 23.5x | 5.8x |
| Sat, 27 Aug 2022 | US$53.0b | US$8.2b | US$2.0b | 38x | 26.1x | 6.5x |
| Mon, 25 Jul 2022 | US$51.4b | US$8.2b | US$2.0b | 34.3x | 25.1x | 6.3x |
| Wed, 22 Jun 2022 | US$45.8b | US$8.2b | US$2.0b | 30x | 22.4x | 5.6x |
| Fri, 20 May 2022 | US$49.0b | US$8.2b | US$2.0b | 32.9x | 24.1x | 6x |
| Sun, 17 Apr 2022 | US$54.7b | US$8.1b | US$2.0b | 34.2x | 27.5x | 6.8x |
| Tue, 15 Mar 2022 | US$51.5b | US$8.1b | US$2.0b | 33x | 25.7x | 6.4x |
| Thu, 10 Feb 2022 | US$52.3b | US$8.0b | US$1.5b | 34.7x | 34.9x | 6.5x |
| Sat, 08 Jan 2022 | US$58.2b | US$8.0b | US$1.5b | 37.7x | 38.9x | 7.2x |
| Mon, 06 Dec 2021 | US$56.5b | US$8.0b | US$1.5b | 36.8x | 37.5x | 7x |
| Wed, 03 Nov 2021 | US$56.3b | US$8.0b | US$1.5b | 37.4x | 36.7x | 7x |
| Fri, 01 Oct 2021 | US$54.0b | US$8.1b | US$1.6b | 34.2x | 34.3x | 6.7x |
| Sun, 29 Aug 2021 | US$57.4b | US$8.7b | US$1.4b | 36.2x | 40.3x | 6.6x |
| Mon, 05 Jul 2021 | US$50.3b | US$8.7b | US$1.4b | 31.8x | 35.3x | 5.8x |
| Thu, 08 Apr 2021 | US$49.5b | US$8.6b | US$1.4b | 30.2x | 36.6x | 5.8x |
| Sun, 10 Jan 2021 | US$50.9b | US$8.2b | US$1.2b | 33.1x | 43.3x | 6.2x |
Price to Earnings Ratio
45x
Current Industry PE
- Investors are pessimistic on the American Water Utilities industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 25.5x which is lower than its 3-year average PE of 33.3x.
- The 3-year average PS ratio of 6.2x is higher than the industry's current PS ratio of 4.8x.
Past Earnings Growth
- The earnings for companies in the Water Utilities industry have grown 16% per year over the last three years.
- Revenues for these companies have grown 4.1% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does U.S. Water compare with similar industries?
| US Market | -2.42% | |
| Utilities | 0.86% | |
| Water Utilities | 0.84% | |
| Water | 0.84% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| WTRG Essential Utilities | US$33.28 | 2.0% +US$174.6m | -24.7% | PE18.9x | |
| AWK American Water Works Company | US$116.39 | 0.8% +US$173.3m | -19.9% | PE25.3x | |
| CWT California Water Service Group | US$48.44 | 3.5% +US$95.6m | -21.9% | PE67.6x | |
| SJW SJW Group | US$58.67 | 2.3% +US$41.9m | -17.0% | PE21.1x | |
| AWR American States Water | US$77.56 | 1.2% +US$33.6m | -14.3% | PE24.5x |
