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General information

Country: UNITED STATES

Sector: Utilities — Regulated Water

American States Water Company, through its subsidiaries, provides water and electric services to residential, industrial, and other customers in the United States. It operates through three segments: Water, Electric, and Contracted Services. The company purchases, produces, distributes, and sells water, as well as distributes electricity. As of February 24, 2020, it provided water service to approximately 261,000 customers located throughout 10 counties in Northern, Coastal, and Southern California; and distributed electricity to approximately 24,000 customers in the City of Big Bear and surrounding areas in San Bernardino County, California. The company also provides water and/or wastewater services, including the operation, maintenance, and construction of facilities at the water and/or wastewater systems at various military installations. American States Water Company was founded in 1929 and is headquartered in San Dimas, California.
Website: americanstateswatercompany.gcs-web.com



Growth: Bad revenue growth rate 0.0%, there is slowdown compared to average historical growth rates 7.7%. The revenue growth dynamics is unstable

Profitability: LTM EBITDA margin is positive, +39.0%. On average the margin is improving unsteadily. Gross margin is high, +76.1%. In the last quarter the company beat the estimated EPS, +78.8%. The company was ahead of estimated EPS in 20% of quarters (showing a gain of -$0.04 per share on average)

Cash Flow Generation: Dividend yield for the last twelve months 2.4%. Free cash flow yield -17.3% (LTM)

Undervaluation: Fundamental value created in LTM (estimate)


Entry Point: Share price is 5.0% higher than minimum and 32.4% lower than maximum for the last 3 years

AI Insight: the companies with similar growth trajectories, EBITDA margin, industries and geography on average are valued 3.7x by EV / Sales multiple , the company can be 37.9% overvalued

Insiders: For the last 3 months insiders bought company shares on $0.2 mln (0.006% of cap.)

Key Financials (Download financials)

Ticker: AWR
Share price, USD:  (-0.6%)69.91
year average price 80.80  


year start price 88.75 2023-04-29

max close price 92.32 2023-06-07

min close price 66.57 2024-04-16

current price 69.91 2024-04-27
Common stocks: 36 976 000

Dividend Yield:  2.4%
FCF Yield LTM: -17.3%
EV / LTM EBITDA: 15.1x
EV / EBITDA annualized: 20.0x
Last revenue growth (y/y):  0.0%
Last growth of EBITDA (y/y):  10.0%
Historical revenue growth:  7.7%
Historical growth of EBITDA:  13.6%
EV / Sales: 5.9x
Margin (EBITDA LTM / Revenue): 39.0%
Fundamental value created in LTM:
Market Cap ($m): 2 585
Net Debt ($m): 928
EV (Enterprise Value): 3 513
Price to Book: 3.3x

Revenue and EBITDA

Quarterly values ($m)

Change (y/y)

Cash Flow

FCF ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

EV / Sales

Potential dynamics

News


2024-04-03Zacks Investment Research

Reasons to Add American States Water (AWR) to Your Portfolio Now

2024-03-22Zacks Investment Research

American States Water (AWR) to Benefit From Ongoing Investments

2024-03-19Zacks Investment Research

PRMW or AWR: Which Is the Better Value Stock Right Now?

2024-03-11Zacks Investment Research

Is American States Water (AWR) Stock a Solid Choice Right Now?

2024-02-29Zacks Investment Research

PRMW vs. AWR: Which Stock Is the Better Value Option?

2024-02-22Zacks Investment Research

American States Water (AWR) Q4 Earnings Surpass Estimates

2024-02-21Zacks Investment Research

American States Water (AWR) Q4 Earnings Top Estimates

2024-02-21The Motley Fool

If You Like 3M Then You Will Love These 2 Dividend Kings

2024-02-19Zacks Investment Research

American States Water's (AWR) Q4 Earnings Coming Up: What Awaits?

2024-02-16Seeking Alpha

American States Water: There Are Better Ways To DRIP Your Income Stream
More information for subscribed users:
detailed calculation of
Fundamental value created in LTM

Financial reporting

Income Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol AWR AWR AWR AWR AWR AWR
reportedCurrency USD USD USD USD USD USD
cik 1M 1M 1M 1M 1M 1M
fillingDate 2024-02-21 2023-11-06 2023-08-07 2023-05-10 2023-03-01 2022-11-07
acceptedDate 2024-02-21 16:34:22 2023-11-06 16:39:11 2023-08-07 16:35:47 2023-05-10 16:47:10 2023-03-01 16:59:32 2022-11-07 16:35:16
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3
revenue 125M 152M 157M 161M 125M 135M
costOfRevenue 30M 41M 35M 40M 28M 37M
grossProfit 95M 111M 122M 121M 97M 98M
grossProfitRatio 0.761 0.732 0.775 0.751 0.776 0.729
researchAndDevelopmentExpenses 0 0 0 0 0 0
generalAndAdministrativeExpenses 22M 21M 22M 24M 21M 22M
sellingAndMarketingExpenses 0 0 0 0 0 0
sellingGeneralAndAdministrativeExpenses 22M 21M 22M 24M 21M 22M
otherExpenses 3M -1M 2M 47M 49M 36M
operatingExpenses 61M 59M 63M 70M 70M 58M
costAndExpenses 90M 100M 98M 110M 98M 95M
interestIncome 2M 2M 2M 2M 939 000 667 000
interestExpense 11M 12M 11M 9M 8M 7M
depreciationAndAmortization 11M 10M 10M 15M 14M 11M
ebitda 50M 63M 73M 66M 42M 51M
ebitdaratio 0.402 0.416 0.463 0.408 0.334 0.381
operatingIncome 35M 52M 59M 51M 28M 40M
operatingIncomeRatio 0.279 0.341 0.374 0.317 0.220 0.299
totalOtherIncomeExpensesNet 3M -1M 2M -6M -4M -6M
incomeBeforeTax 29M 41M 52M 45M 23M 34M
incomeBeforeTaxRatio 0.228 0.271 0.329 0.280 0.186 0.252
incomeTaxExpense 8M 10M 13M 11M 5M 8M
netIncome 20M 32M 39M 34M 19M 26M
netIncomeRatio 0.163 0.208 0.245 0.213 0.149 0.190
eps 0.550 0.850 1.040 0.930 0.500 0.690
epsdiluted 0.550 0.850 1.040 0.930 0.500 0.690
weightedAverageShsOut 37M 37M 37M 37M 37M 37M
weightedAverageShsOutDil 37M 37M 37M 37M 37M 37M
link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link

Balance Sheet Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol AWR AWR AWR AWR AWR AWR
reportedCurrency USD USD USD USD USD USD
cik 1M 1M 1M 1M 1M 1M
fillingDate 2024-02-21 2023-11-06 2023-08-07 2023-05-10 2023-03-01 2022-11-07
acceptedDate 2024-02-21 16:34:22 2023-11-06 16:39:11 2023-08-07 16:35:47 2023-05-10 16:47:10 2023-03-01 16:59:32 2022-11-07 16:35:16
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3
cashAndCashEquivalents 14M 9M 1M 2M 6M 2M
shortTermInvestments 0 0 0 0 0 0
cashAndShortTermInvestments 14M 9M 1M 2M 6M 2M
netReceivables 123M 126M 112M 92M 99M 95M
inventory 18M 16M 17M 16M 15M 13M
otherCurrentAssets 51M 39M 35M 11M 26M 21M
totalCurrentAssets 206M 192M 169M 140M 151M 139M
propertyPlantEquipmentNet 1 943M 1 897M 1 862M 1 819M 1 791M 1 752M
goodwill 1M 1M 1M 1M 1M 1M
intangibleAssets 571 000 0 0 0 0 0
goodwillAndIntangibleAssets 1M 1M 1M 1M 1M 1M
longTermInvestments 870M -56M -61M 0 0 0
taxAssets 10M 156M 153M 148M 0 0
otherNonCurrentAssets -784M 15M 15M -47M 91M 90M
totalNonCurrentAssets 2 040M 2 014M 1 971M 1 921M 1 883M 1 844M
otherAssets 0 0 0 0 0 0
totalAssets 2 246M 2 205M 2 140M 2 060M 2 034M 1 983M
accountPayables 69M 72M 71M 66M 85M 70M
shortTermDebt 44M 39M 2M 178M 258M 241M
taxPayables 15M 46M 34M 25M 18M 21M
deferredRevenue 1M 596 000 585 000 560 000 903 000 1M
otherCurrentLiabilities 52M 83M 67M 64M 53M 61M
totalCurrentLiabilities 167M 195M 141M 308M 397M 373M
longTermDebt 874M 819M 826M 609M 477M 458M
deferredRevenueNonCurrent 34M 34M 36M 0 0 0
deferredTaxLiabilitiesNonCurrent 163M 157M 154M 149M 151M 144M
otherNonCurrentLiabilities 233M 228M 227M -313M -146M 145M
totalNonCurrentLiabilities 1 303M 1 239M 1 244M 445M 482M 457M
otherLiabilities 0 0 0 0 0 0
capitalLeaseObligations 8M 9M 9M 9M 10M 10M
totalLiabilities 1 470M 1 434M 1 385M 753M 878M 830M
preferredStock 0 0 0 0 0 0
commonStock 263M 263M 262M 262M 260M 260M
retainedEarnings 513M 508M 493M 469M 449M 445M
accumulatedOtherComprehensiveIncomeLoss 0.000 0 0 0 0 0
othertotalStockholdersEquity -0.000 0 0 576M 447M 447M
totalStockholdersEquity 776M 771M 755M 1 307M 1 156M 1 152M
totalEquity 776M 771M 755M 1 307M 1 156M 1 152M
totalLiabilitiesAndStockholdersEquity 2 246M 2 205M 2 140M 2 060M 2 034M 1 983M
minorityInterest 0 0 0 0 0 0
totalLiabilitiesAndTotalEquity 2 246M 2 205M 2 140M 2 060M 2 034M 1 983M
totalInvestments 870M -56M -61M 0 0 0
totalDebt 918M 858M 829M 787M 734M 698M
netDebt 904M 850M 828M 785M 728M 696M
link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link

Cash Flow Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol AWR AWR AWR AWR AWR AWR
reportedCurrency USD USD USD USD USD USD
cik 1M 1M 1M 1M 1M 1M
fillingDate 2024-02-21 2023-11-06 2023-08-07 2023-05-10 2023-03-01 2022-11-07
acceptedDate 2024-02-21 16:34:22 2023-11-06 16:39:11 2023-08-07 16:35:47 2023-05-10 16:47:10 2023-03-01 16:59:32 2022-11-07 16:35:16
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3
netIncome 20M 32M 39M 34M 19M 26M
depreciationAndAmortization 11M 10M 10M 12M 11M 10M
deferredIncomeTax 4M 320 000 4M -3M 4M -946 000
stockBasedCompensation 203 000 518 000 323 000 2M 132 000 256 000
changeInWorkingCapital -21M -5M -41M -37M -5M -4M
accountsReceivables 1 000 000 -6M -6M 4M 7M -4M
inventory -1M 604 000 -540 000 -2M -1M -293 000
accountsPayables -3M 2M -1M -9M 12M -2M
otherWorkingCapital -18M -2M -33M -31M -23M 3M
otherNonCashItems -3M 1M -1M -1M -1M 2M
netCashProvidedByOperatingActivities 11M 39M 11M 7M 28M 33M
investmentsInPropertyPlantAndEquipment -52M -47M -39M -49M -44M -46M
acquisitionsNet 0 0 0 0 0 0
purchasesOfInvestments 0 0 0 0 0 0
salesMaturitiesOfInvestments 0 0 0 0 0 0
otherInvestingActivites -1M 125 000 655 000 172 000 -1M 185 000
netCashUsedForInvestingActivites -54M -47M -39M -49M -45M -45M
debtRepayment -5M -30M -41M -77M -377 000 -172 000
commonStockIssued 0 0 0 0 0 0
commonStockRepurchased 0 0 0 0 0 0
dividendsPaid -16M -16M -15M -15M -15M -15M
otherFinancingActivites 69M 62M 83M 130M 36M 19M
netCashUsedProvidedByFinancingActivities 48M 16M 27M 38M 21M 4M
effectOfForexChangesOnCash -14M 3M 11M 0 0 0
netChangeInCash 5M 8M -1M -4M 4M -9M
cashAtEndOfPeriod 14M 9M 1M 2M 6M 2M
cashAtBeginningOfPeriod 9M 1M 2M 6M 2M 11M
operatingCashFlow 11M 39M 11M 7M 28M 33M
capitalExpenditure -52M -47M -39M -49M -44M -46M
freeCashFlow -41M -9M -29M -42M -16M -12M
link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link

Earning call transcript

2023 q4
2024-02-22 ET (fiscal 2023 q4)
2023 q3
2023-11-07 ET (fiscal 2023 q3)
2023 q2
2023-08-08 ET (fiscal 2023 q2)
2023 q1
2023-05-11 ET (fiscal 2023 q1)
2022 q4
2023-03-02 ET (fiscal 2022 q4)
2022 q3
2022-11-08 ET (fiscal 2022 q3)
2022 q2
2022-08-02 ET (fiscal 2022 q2)
2022 q1
2022-05-03 ET (fiscal 2022 q1)

Press-releases

Show financial reports only

2024-02-21 21:30 ET
American States Water Company Announces Fourth Quarter and Full Year 2023 Results
2024-02-08 14:00 ET
American States Water Company Announces Regular Common Dividends
2024-02-05 21:30 ET
American States Water Company to Report Fourth Quarter and Full Year 2023 Results
2023-11-06 21:30 ET
American States Water Company Announces Third Quarter 2023 Results
2023-11-01 21:45 ET
American States Water Company Announces Regular Common Dividends
2023-10-18 20:30 ET
American States Water Company to Report Third Quarter 2023 Results
2023-08-17 13:00 ET
American States Water Company Announces New Privatization Contract Award at Naval Air Station Patuxent River, Maryland
2023-08-07 20:30 ET
American States Water Company Announces Second Quarter 2023 Results
2023-08-03 13:00 ET
American States Water Company Announces an 8.2% Increase in Quarterly Dividend
2023-07-17 13:00 ET
American States Water Company to Report Second Quarter 2023 Results
2023-07-06 13:00 ET
American States Water Company Announces Final Decisions by the CPUC in Its Water Utility General Rate Case and Cost of Capital Proceedings
2023-07-05 13:00 ET
American States Water Company and Golden State Water Company Announce New Credit Agreements
2023-05-10 20:40 ET
American States Water Company Announces First Quarter 2023 Results
2023-05-09 12:30 ET
American States Water Company Announces Regular Common Dividends
2023-04-18 12:30 ET
American States Water Company Announces Proposed Decision Adopting Settlement Agreement in Its Water Utility General Rate Case and Date to Report First Quarter 2023 Results
2023-03-01 22:00 ET
American States Water Company Announces Fourth Quarter and Full Year 2022 Results
2023-02-14 21:30 ET
American States Water Company to Report Fourth Quarter and Full Year 2022 Results
2023-02-13 14:00 ET
American States Water Company Announces Appointment of New Director
2023-02-09 21:30 ET
American States Water Company Announces Regular Common Dividends
2022-11-07 21:30 ET
American States Water Company Announces Third Quarter 2022 Results
2022-11-03 12:30 ET
American States Water Company Announces Regular Common Dividends
2022-10-18 12:30 ET
American States Water Company to Report Third Quarter 2022 Results
2022-10-03 12:30 ET
American States Water Company Announces the Signing of Critical Water Conservation Legislation in California
2022-08-01 20:30 ET
American States Water Company Announces Second Quarter 2022 Results
2022-07-28 12:30 ET
American States Water Company Announces An 8.9% Increase In Quarterly Dividend
2022-07-13 12:30 ET
American States Water Company to Report Second Quarter 2022 Results
2022-05-02 20:30 ET
American States Water Company Announces First Quarter 2022 Results
2022-05-02 08:00 ET
American States Water Company Announces Regular Common Dividends
2022-04-19 23:02 ET
American States Water Company to Report First Quarter 2022 Results
2022-02-22 21:30 ET
American States Water Company Announces Fourth Quarter and Full Year 2021 Results
2022-02-08 13:30 ET
American States Water Company to Report Fourth Quarter and Full Year 2021 Results
2022-02-03 21:30 ET
American States Water Company Announces Regular Common Dividends
2021-11-29 13:30 ET
American States Water Company Announces a Settlement Agreement in its Water Utility General Rate Case
2021-11-01 20:30 ET
American States Water Company Announces Third Quarter 2021 Results
2021-10-28 13:00 ET
American States Water Company Announces Regular Common Dividends
2021-10-12 11:00 ET
American States Water Company to Report Third Quarter 2021 Results
2021-08-02 20:45 ET
American States Water Company Announces Second Quarter 2021 Results
2021-07-29 11:00 ET
American States Water Company Announces 9% Increase in Quarterly Dividend
2021-07-19 20:30 ET
American States Water Company to Report Second Quarter 2021 Results
2021-05-21 13:00 ET
American States Water Company’s Subsidiary Recognized for Promoting Veteran Employment
2021-05-03 20:30 ET
American States Water Company Announces First Quarter 2021 Results
2021-05-03 12:00 ET
American States Water Company Announces Regular Common Dividends
2021-04-19 12:00 ET
American States Water Company to Report First Quarter 2021 Results
2021-02-22 21:30 ET
American States Water Company Announces Fourth Quarter and Full Year 2020 Results
2021-02-04 14:00 ET
American States Water Company to Report Fourth Quarter and Full Year 2020 Results
2021-02-04 14:00 ET
American States Water Company Announces Regular Common Dividends
2021-01-11 14:00 ET
American States Water Company’s Subsidiary Recognized as a 2021 Military Friendly® Company
2020-11-12 13:00 ET
American States Water Company’s Military Subsidiary Recognized for Strong Veteran Hiring and Employment Practices
2020-11-02 21:45 ET
American States Water Company Announces Third Quarter 2020 Results
2020-10-28 21:30 ET
American States Water Company Announces Regular Common Dividends
2020-10-22 13:00 ET
American States Water Company to Report Third Quarter 2020 Results
2020-08-03 20:45 ET
American States Water Company Announces Second Quarter 2020 Results
2020-07-30 13:00 ET
American States Water Company Announces 9.8% Increase in Quarterly Dividend
2020-07-20 20:45 ET
American States Water Company to Report Second Quarter 2020 Results
2020-07-16 20:45 ET
American States Water Company Announces Appointment of Stuart Harrison to Senior Vice President of ASUS
2020-07-14 20:45 ET
American States Water Company Announces Issuance of $160 Million Senior Unsecured Notes at GSWC
2020-05-04 20:45 ET
American States Water Company Announces First Quarter 2020 Results
2020-05-04 13:00 ET
American States Water Company Announces Regular Common Dividends
2020-05-01 20:45 ET
American States Water Company to Hold Virtual Annual Meeting of Shareholders
2020-04-20 13:00 ET
American States Water Company to Report First Quarter 2020 Results
2020-03-13 13:00 ET
American States Water Company Announces CPUC’s Approval to Defer the Cost of Capital Application at Golden State Water Company
2020-03-02 14:00 ET
American States Water Company Receives Community Service Award at Fort Bliss
2020-02-24 21:45 ET
American States Water Company Announces Fourth Quarter and Full Year 2019 Results
2020-02-06 21:45 ET
American States Water Company to Report Fourth Quarter and Full Year 2019 Results
2020-01-30 01:13 ET
American States Water Company Announces Regular Common Dividends

SEC forms

Show financial reports only

SEC form 8
2024-02-21 16:38 ET
American States Water Company published news for 2023 q4
SEC form 8
2024-02-21 16:38 ET
American States Water Company published news for 2023 q4
SEC form 10
2024-02-21 16:34 ET
American States Water Company reported for 2023 q4
SEC form 10
2024-02-21 00:00 ET
American States Water Company published news for 2023 q4
SEC form 8
2023-11-06 16:41 ET
American States Water Company published news for 2023 q3
SEC form 10
2023-11-06 16:39 ET
American States Water Company reported for 2023 q3
SEC form 10
2023-11-06 00:00 ET
American States Water Company published news for 2023 q3
SEC form 6
2023-08-07 16:39 ET
American States Water Company published news for 2023 q2
SEC form 10
2023-08-07 16:35 ET
American States Water Company reported for 2023 q2
SEC form 8
2023-08-07 00:00 ET
American States Water Company published news for 2023 q2
SEC form 10
2023-08-07 00:00 ET
American States Water Company published news for 2023 q2
SEC form 6
2023-07-06 08:58 ET
American States Water Company published news for 2023 q2
SEC form 6
2023-07-05 09:02 ET
American States Water Company published news for 2023 q2
SEC form 6
2023-06-28 16:05 ET
American States Water Company published news for 2023 q1
SEC form 8
2023-05-10 00:00 ET
American States Water Company reported for 2023 q1
SEC form 10
2023-05-10 00:00 ET
American States Water Company published news for 2023 q1
SEC form 10
2023-03-01 00:00 ET
American States Water Company reported for 2022 q4
SEC form 8
2023-03-01 00:00 ET
American States Water Company reported for 2022 q4
SEC form 8
2022-11-07 00:00 ET
American States Water Company reported for 2022 q3
SEC form 10
2022-11-07 00:00 ET
American States Water Company reported for 2022 q3
SEC form 8
2022-08-01 00:00 ET
American States Water Company reported for 2022 q2
SEC form 10
2022-08-01 00:00 ET
American States Water Company reported for 2022 q2
SEC form 8
2022-05-02 00:00 ET
American States Water Company reported for 2022 q1
SEC form 10
2022-05-02 00:00 ET
American States Water Company reported for 2022 q1
SEC form 8
2022-02-22 00:00 ET
American States Water Company published news for 2021 q4
SEC form 10
2022-02-22 00:00 ET
American States Water Company published news for 2021 q4
SEC form 10
2021-11-01 00:00 ET
American States Water Company published news for 2021 q3
SEC form 8
2021-11-01 00:00 ET
American States Water Company published news for 2021 q3
SEC form 8
2021-08-02 00:00 ET
American States Water Company published news for 2021 q2
SEC form 10
2021-08-02 00:00 ET
American States Water Company published news for 2021 q2
SEC form 8
2021-05-03 00:00 ET
American States Water Company published news for 2021 q1
SEC form 10
2021-05-03 00:00 ET
American States Water Company published news for 2021 q1