Cadiz, Inc. (CDZI) vs The York Water Company (YORW)

Cadiz, Inc. and The York Water Company are both Utilities Regulated Water companies. The York Water Company is the larger, with a market value of $499.0M against $315.0M — 1.6× the size. Cadiz, Inc. has negative trailing earnings, so its P/E is not meaningful; The York Water Company trades at 19.2×. The York Water Company grew revenue faster over the last twelve months: 9.43% against −21.3%. The York Water Company has the higher net margin (28.5% vs −353.9%) and the higher return on invested capital (3.94% vs −15.1%). Across the 19 metrics below, The York Water Company leads on 15 and Cadiz, Inc. on 4.

Valuation

Metric CDZI YORW Utilities Regulated Water median
P/E n/m 19.24 20.64
P/S 25.93 5.90 4.37
P/B 65.87 1.67 1.91
Price to free cash flow n/m n/m —
EV/EBITDA n/m 15.14 14.48
EV/Sales 35.31 8.17 6.20
Earnings yield (13.70%) 5.20% 4.83%
Free cash flow yield (10.17%) (2.87%) (4.54%)

Profitability

Metric CDZI YORW Utilities Regulated Water median
Gross margin 27.14% 100.00% 71.91%
Operating margin (236.05%) 36.56% 29.22%
Net margin (353.94%) 28.53% 20.19%
Free cash flow margin (263.64%) (16.96%) (19.49%)
Return on equity (208.42%) 9.00% 9.00%
Return on assets (30.92%) 3.51% 3.21%
Return on invested capital (15.09%) 3.94% 4.08%

Growth

Metric CDZI YORW Utilities Regulated Water median
Revenue growth (TTM) (21.32%) 9.43% 6.92%
EPS growth (last fiscal year) 9.43% (2.11%) —
Revenue growth, 5-year CAGR 97.64% 7.55% 7.24%
Net income growth, 5-year CAGR 0.00% 3.86% 9.40%

Health

Metric CDZI YORW Utilities Regulated Water median
Debt to equity 24.96 0.64 0.93
Current ratio 1.16 1.05 1.01
Net debt to EBITDA (4.12) 5.54 4.42

Dividend

Metric CDZI YORW Utilities Regulated Water median
Dividend yield — 2.27% 2.27%
Payout ratio 0.00 0.55 0.55

Size

Metric CDZI YORW Utilities Regulated Water median
Market cap 315.00m 498.95m 997.03m

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