Cadiz, Inc. (CDZI) vs California Water Service Group (CWT)

Cadiz, Inc. and California Water Service Group are both Utilities Regulated Water companies. California Water Service Group is the larger, with a market value of $2.8B against $298.1M — 9.5× the size. Cadiz, Inc. has negative trailing earnings, so its P/E is not meaningful; California Water Service Group trades at 20.6×. California Water Service Group grew revenue faster over the last twelve months: 6.43% against −21.3%. California Water Service Group has the higher net margin (12.6% vs −353.9%) and the higher return on invested capital (3.41% vs −15.1%). Across the 19 metrics below, California Water Service Group leads on 15 and Cadiz, Inc. on 4.

Valuation

Metric CDZI CWT Utilities Regulated Water median
P/E n/m 20.61 20.54
P/S 24.30 2.63 4.31
P/B 61.72 1.53 1.92
Price to free cash flow n/m n/m —
EV/EBITDA n/m 13.24 14.63
EV/Sales 33.68 4.14 6.23
Earnings yield (14.62%) 4.85% 4.85%
Free cash flow yield (10.85%) (8.50%) (4.61%)

Profitability

Metric CDZI CWT Utilities Regulated Water median
Gross margin 27.14% 68.05% 71.91%
Operating margin (236.05%) 17.57% 29.22%
Net margin (353.94%) 12.63% 20.19%
Free cash flow margin (263.64%) (22.36%) (19.49%)
Return on equity (208.42%) 7.68% 9.00%
Return on assets (30.92%) 2.35% 3.21%
Return on invested capital (15.09%) 3.41% 4.08%

Growth

Metric CDZI CWT Utilities Regulated Water median
Revenue growth (TTM) (21.32%) 6.43% 6.92%
EPS growth (last fiscal year) 9.43% (33.85%) 1.38%
Revenue growth, 5-year CAGR 97.64% 4.72% 7.24%
Net income growth, 5-year CAGR 0.00% 5.77% 9.40%

Health

Metric CDZI CWT Utilities Regulated Water median
Debt to equity 24.96 0.93 0.93
Current ratio 1.16 0.70 1.01
Net debt to EBITDA (4.12) 4.75 4.42

Dividend

Metric CDZI CWT Utilities Regulated Water median
Dividend yield — 2.84% 2.84%
Payout ratio — 0.59 0.57

Size

Metric CDZI CWT Utilities Regulated Water median
Market cap 298.06m 2.82b 1.00b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack