Consolidated Water Co. Ltd. (CWCO) vs California Water Service Group (CWT)

Consolidated Water Co. Ltd. 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 $446.9M — 6.4× the size. California Water Service Group trades at the lower P/E: 20.7× against 27.0×. California Water Service Group grew revenue faster over the last twelve months: 6.43% against −1.16%. Consolidated Water Co. Ltd. has the higher net margin (12.6% vs 12.6%) and the higher return on invested capital (9.94% vs 3.41%). Both pay a dividend; California Water Service Group yields more (2.22% vs 1.20%). Across the 22 metrics below, Consolidated Water Co. Ltd. leads on 11 and California Water Service Group on 11.

Valuation

Metric CWCO CWT Utilities Regulated Water median
P/E 27.03 20.70 20.64
P/S 3.49 2.64 4.37
P/B 1.93 1.54 1.91
Price to free cash flow 14.68 n/m —
EV/EBITDA 13.37 13.28 14.48
EV/Sales 2.45 4.15 6.20
Earnings yield 3.70% 4.83% 4.83%
Free cash flow yield 6.81% (8.46%) (4.54%)

Profitability

Metric CWCO CWT Utilities Regulated Water median
Gross margin 35.36% 68.05% 71.91%
Operating margin 12.26% 17.57% 29.22%
Net margin 12.64% 12.63% 20.19%
Free cash flow margin 23.80% (22.36%) (19.49%)
Return on equity 7.12% 7.68% 9.00%
Return on assets 6.20% 2.35% 3.21%
Return on invested capital 9.94% 3.41% 4.08%

Growth

Metric CWCO CWT Utilities Regulated Water median
Revenue growth (TTM) (1.16%) 6.43% 6.92%
EPS growth (last fiscal year) (35.59%) (33.85%) —
Revenue growth, 5-year CAGR 12.70% 4.72% 7.24%
Net income growth, 5-year CAGR 37.70% 5.77% 9.40%

Health

Metric CWCO CWT Utilities Regulated Water median
Debt to equity 0.00 0.93 0.93
Current ratio 5.95 0.70 1.01
Net debt to EBITDA (4.76) 4.75 4.42

Dividend

Metric CWCO CWT Utilities Regulated Water median
Dividend yield 1.20% 2.22% 2.27%
Payout ratio 0.36 0.88 0.55

Size

Metric CWCO CWT Utilities Regulated Water median
Market cap 446.92m 2.84b 997.03m

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