| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | 1 | — | — | — | — |
| Sell | — | — | — | — | — | — | — | 1 | — | — | — | — |
| total | individual payouts | |
|---|---|---|
| 2023 | ‡‡‡ |
|
| 2022 | ‡‡‡ |
|
| 2021 | ‡‡‡ |
|
| 2020 | ‡‡‡ |
|
| 2019 | ‡‡‡ |
|
| 2018 | ‡‡‡ |
|
| 2017 | ‡‡‡ |
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 4.50 | 17.29 | 8.60 | 5.32 |
| Receivables | 0.90 | 4.59 | 5.61 | 3.41 |
| Inventory | 2.11 | 3.02 | 1.14 | 1.97 |
| Other | — | — | — | — |
| 8.02 | 25.79 | 16.05 | 11.44 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 1.25 | 2.26 | 3.78 | 2.21 |
| ST’ Debt | 0.18 | 0.12 | 0.05 | 0.01 |
| Other | 1.45 | 1.20 | 5.05 | 2.20 |
| 5.84 | 14.41 | 13.19 | 9.86 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡ | ‡‡‡ | ‡‡‡ |
| Earnings | ‡‡‡ | ‡‡‡ | ‡‡‡ |
| Book Value | ‡‡‡ | ‡‡‡ | ‡‡‡‡‡ |
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 1.63 | 0.98 | — | — |
—
|
| ’25 | 2.95 | 4.13 | 4.15 | 5.08 |
16.31
|
| ’24 | 1.12 | 0.51 | 3.22 | 4.75 |
9.61
|
| ’23 | 0.13 | 0.81 | 0.37 | 0.68 |
1.99
|
| ’22 | 0.14 | 0.19 | 0.60 | 0.58 |
1.50
|
| ’21 | 0.14 | 0.14 | 0.14 | 0.14 |
0.56
|
| ’20 | 0.11 | 0.15 | 0.14 | 0.14 |
0.54
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (5.51) | (6.65) | — | — |
—
|
| ’25 | (3.64) | (1.36) | (7.01) | (6.92) |
(18.93)
|
| ’24 | (2.87) | (7.06) | (5.39) | (6.21) |
(21.53)
|
| ’23 | (4.07) | (5.80) | (5.53) | (5.52) |
(20.92)
|
| ’22 | (3.22) | (4.33) | (5.82) | (5.22) |
(18.60)
|
| ’21 | (2.82) | (3.18) | (3.64) | (5.63) |
(15.27)
|
| ’20 | (4.38) | (2.64) | (3.28) | (3.13) |
(13.43)
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (5.75) | (9.77) | — | — |
—
|
| ’25 | (4.93) | (5.87) | (12.46) | (3.25) |
(26.51)
|
| ’24 | (3.06) | (7.34) | (5.44) | (6.62) |
(22.47)
|
| ’23 | (6.27) | (6.81) | (6.13) | (7.49) |
(26.71)
|
| ’22 | (3.75) | (5.55) | (6.51) | (6.17) |
(21.97)
|
| ’21 | (3.34) | (22.84) | (4.56) | (7.44) |
(38.18)
|
| ’20 | (7.83) | (3.90) | (3.67) | (3.76) |
(19.16)
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (0.12) | (0.15) | — | — |
—
|
| ’25 | (0.14) | (0.11) | (0.10) | (0.13) |
(0.48)
|
| ’24 | (0.12) | (0.15) | (0.12) | (0.14) |
(0.53)
|
| ’23 | (0.19) | (0.13) | (0.12) | (0.12) |
(0.56)
|
| ’22 | (0.16) | (0.13) | (0.15) | (0.15) |
(0.60)
|
| ’21 | (0.16) | (0.30) | (0.22) | (0.16) |
(0.84)
|
| ’20 | (0.66) | (0.14) | (0.13) | (0.22) |
(1.11)
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | 1.48 | 2.43 | 2.12 | 2.13 | — | — | — |
Low Price
|
| ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5.23 | 5.80 | 5.24 | 6.49 | — | — | — |
High Price
|
| ‡‡‡ | ‡‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | 9 | 18 | 25 | 31 | — | — | — |
Employees
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.17 | 0.11 | 0.38 | 0.53 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.50 | 1.99 | 9.61 | 16.31 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue
|
| ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | (37.71%) | (45.00%) | 24.04% | 31.57% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (24.82) | (31.43) | (31.13) | (34.14) | ‡‡‡‡‡ | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (1,653.90%) | (1,578.85%) | (323.99%) | (209.28%) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (24.79) | (31.45) | (31.14) | (34.15) | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3.09 | 1.78 | 2.69 | 3.21 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.03 | 0.03 | 0.14 | 0.20 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.60) | (0.56) | (0.53) | (0.48) | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.37) | (0.32) | (0.31) | (0.23) | — | — | — |
Cash Flow/Sh
|
| ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.07) | (0.09) | (0.01) | (0.09) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.44) | (0.41) | (0.33) | (0.33) | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.69 | 0.61 | 0.49 | 0.29 | ‡‡‡‡ | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 49.87 | 65.66 | 68.85 | 81.06 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Shares
|
| ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | 0.00 | 0.00 | 0.00 | 0.00 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 85.39 | 95.63 | 37.26 | 27.88 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PS Ratio
|
| ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | 3.75 | 4.76 | 10.54 | 19.56 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 124.40 | 123.89 | 44.01 | 33.53 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (8.50) | (9.23) | (18.82) | (20.63) | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (18.60) | (20.92) | (21.53) | (18.93) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Op' Cash Flow
|
| — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (3.38) | (5.79) | (0.93) | (7.58) | ‡‡‡‡‡ | — | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (21.97) | (26.71) | (22.47) | (26.51) | ‡‡‡‡‡ | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 6.80 | 2.19 | 11.38 | 2.86 | — | — | — |
Working Cap'
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 69.84 | 60.77 | 82.10 | 100.72 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 58.55 | 56.27 | 64.81 | 92.12 | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 34.22 | 39.97 | 33.96 | 23.26 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (26.78%) | (33.51%) | (29.97%) | (28.49%) | ‡‡‡‡‡ | — | — |
ROA
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (11.16%) | (13.60%) | (14.71%) | (13.87%) | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (79.91%) | (98.54%) | (98.06%) | (137.15%) | ‡‡‡‡‡ | — | — |
ROE
|
Cadiz, Inc. (CDZI) is poised at a transformative juncture in the water resources sector, leveraging its 70,000-acre Mojave Desert holdings amid California’s chronic droughts and surging demand for sustainable supplies fueled by climate change and population growth. Revenue has skyrocketed from under $500,000 annually pre-2021 to $9.6 million in 2024—a 382% leap—driven by water delivery ramps, key approvals like 2022 transfer agreements, and efficiency gains with gross margins flipping to 24%. This operational momentum, echoing broader global water scarcity trends, marks a shift from persistent losses to scalable profitability, with stock tripling from 2022 lows as fundamentals align.
Financials show resilience: net losses narrowed 18% per share since 2020 peaks, EBT margins surged to -3.2% in 2024, and free cash flow per share improved 65%, bolstered by positive equity ($34 million) despite manageable $82 million debt post-refinancing. Valuation multiples have compressed dramatically—PS ratio to 37x, EV/Sales to 44x—signaling deep undervaluation versus historical hype and peers, especially as revenue growth outpaces expenses in a capital-intensive market diversified by wind leases and vineyards.
Analysts forecast explosive growth: revenues to $44.7 million by 2027 (125% surge), EPS near breakeven at -0.05, and consensus targets implying 100%+ upside from recent levels near $5. With regulatory de-risking and California’s 20% urban water deficit amplifying asset value amid 10-15% annual demand rises through 2030, CDZI offers asymmetric upside for growth investors betting on innovation in an underserved essential resource—position for the pipeline payoff.
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