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CW

California Water Service Group

CWTUtilitiesNASDAQ

Utilities - Regulated Water

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Financials · Annual
Revenue
$1.00B
-3.5% YoY
Net Income
$128.2M
-32.8% YoY
EBITDA
$360.2M
-15.1% YoY
Free Cash Flow
-$281.4M

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About California Water Service Group

California Water Service Group, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico, Hawaii, and Texas. The $2.71B market capitalization puts CWT squarely in mid-cap range for its industry. It is involved in the production, purchase, storage, treatment, testing, distribution, and sale of water for domestic, industrial, public, and irrigation uses, as well as for fire protection services.

Key stats
Market Cap$2.71B
P/E (TTM)22.67
Fwd P/E16.43
EPS$2.00
Beta0.50
52W Change-0.8%
Dividend Yield2.80%
ROE7.2%
Analysis

On the balance sheet, CWT has $58.1M in cash with $1.70B in obligations. The ability to service this debt comfortably depends on continued operational cash generation. Free cash flow is running at -$281.4M, which bears watching. Negative free cash flow can be acceptable during heavy investment periods but needs to improve over time. ROE of 7.2% points to modest capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 2.2% is on the lower side, which is common in asset-heavy industries. Revenue has been uneven over recent years, ranging from $846.4M to $1.00B.

With a beta below 0.7, California Water Service Group typically sees smaller price swings than the overall market, offering a degree of stability during turbulent periods. California Water Service Group carries a heavier debt load relative to its cash position, which introduces financial risk that investors should weigh. The company is burning cash at the operating level, which is not unusual for growth-phase companies but adds risk if it persists. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for California Water Service Group and its sector.

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