AMERICAN STATES WATER CO (AWR) Stock Fundamental Analysis

NYSE:AWR • US0298991011

74.89 USD
+2 (+2.74%)
At close: Feb 13, 2026
74.89 USD
0 (0%)
After Hours: 2/13/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

6

We assign a fundamental rating of 6 out of 10 to AWR. AWR was compared to 14 industry peers in the Water Utilities industry. While AWR belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. AWR has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

  • AWR had positive earnings in the past year.
  • AWR had a positive operating cash flow in the past year.
  • In the past 5 years AWR has always been profitable.
  • Each year in the past 5 years AWR had a positive operating cash flow.
AWR Yearly Net Income VS EBIT VS OCF VS FCFAWR Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M

1.2 Ratios

  • AWR's Return On Assets of 4.88% is fine compared to the rest of the industry. AWR outperforms 78.57% of its industry peers.
  • AWR has a better Return On Equity (12.84%) than 92.86% of its industry peers.
  • With an excellent Return On Invested Capital value of 6.19%, AWR belongs to the best of the industry, outperforming 85.71% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for AWR is in line with the industry average of 4.99%.
  • The 3 year average ROIC (6.15%) for AWR is below the current ROIC(6.19%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 4.88%
ROE 12.84%
ROIC 6.19%
ROA(3y)4.71%
ROA(5y)4.78%
ROE(3y)13.33%
ROE(5y)13.42%
ROIC(3y)6.15%
ROIC(5y)6.12%
AWR Yearly ROA, ROE, ROICAWR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

  • The Profit Margin of AWR (20.35%) is comparable to the rest of the industry.
  • AWR's Profit Margin has improved in the last couple of years.
  • AWR has a Operating Margin of 30.92%. This is comparable to the rest of the industry: AWR outperforms 57.14% of its industry peers.
  • In the last couple of years the Operating Margin of AWR has grown nicely.
  • AWR's Gross Margin of 81.56% is amongst the best of the industry. AWR outperforms 85.71% of its industry peers.
  • In the last couple of years the Gross Margin of AWR has remained more or less at the same level.
Industry RankSector Rank
OM 30.92%
PM (TTM) 20.35%
GM 81.56%
OM growth 3Y3.23%
OM growth 5Y2.98%
PM growth 3Y1.9%
PM growth 5Y2.4%
GM growth 3Y1.3%
GM growth 5Y0.64%
AWR Yearly Profit, Operating, Gross MarginsAWR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60 80

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ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), AWR is destroying value.
  • The number of shares outstanding for AWR has been increased compared to 1 year ago.
  • AWR has more shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, AWR has an improved debt to assets ratio.
AWR Yearly Shares OutstandingAWR Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M
AWR Yearly Total Debt VS Total AssetsAWR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B 2.5B

2.2 Solvency

  • An Altman-Z score of 1.86 indicates that AWR is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 1.86, AWR is in the better half of the industry, outperforming 78.57% of the companies in the same industry.
  • The Debt to FCF ratio of AWR is 26.20, which is on the high side as it means it would take AWR, 26.20 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of AWR (26.20) is better than 85.71% of its industry peers.
  • AWR has a Debt/Equity ratio of 0.91. This is a neutral value indicating AWR is somewhat dependend on debt financing.
  • AWR's Debt to Equity ratio of 0.91 is in line compared to the rest of the industry. AWR outperforms 57.14% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.91
Debt/FCF 26.2
Altman-Z 1.86
ROIC/WACC0.74
WACC8.39%
AWR Yearly LT Debt VS Equity VS FCFAWR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M 600M 800M

2.3 Liquidity

  • A Current Ratio of 1.27 indicates that AWR should not have too much problems paying its short term obligations.
  • The Current ratio of AWR (1.27) is better than 85.71% of its industry peers.
  • A Quick Ratio of 1.18 indicates that AWR should not have too much problems paying its short term obligations.
  • With a decent Quick ratio value of 1.18, AWR is doing good in the industry, outperforming 78.57% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.27
Quick Ratio 1.18
AWR Yearly Current Assets VS Current LiabilitesAWR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an nice 13.80% over the past year.
  • The Earnings Per Share has been growing by 8.28% on average over the past years. This is quite good.
  • Looking at the last year, AWR shows a quite strong growth in Revenue. The Revenue has grown by 10.28% in the last year.
  • Measured over the past years, AWR shows a small growth in Revenue. The Revenue has been growing by 4.67% on average per year.
EPS 1Y (TTM)13.8%
EPS 3Y7.52%
EPS 5Y8.28%
EPS Q2Q%11.58%
Revenue 1Y (TTM)10.28%
Revenue growth 3Y6.07%
Revenue growth 5Y4.67%
Sales Q2Q%12.94%

3.2 Future

  • Based on estimates for the next years, AWR will show a small growth in Earnings Per Share. The EPS will grow by 5.90% on average per year.
  • AWR is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.34% yearly.
EPS Next Y5.78%
EPS Next 2Y5.3%
EPS Next 3Y5.92%
EPS Next 5Y5.9%
Revenue Next Year8.16%
Revenue Next 2Y6.03%
Revenue Next 3Y4.76%
Revenue Next 5Y4.34%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
AWR Yearly Revenue VS EstimatesAWR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 200M 400M 600M 800M 1B
AWR Yearly EPS VS EstimatesAWR Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 1 2 3 4

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Find the best growth stocksShow best growing peers

4

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 22.16, the valuation of AWR can be described as rather expensive.
  • The rest of the industry has a similar Price/Earnings ratio as AWR.
  • The average S&P500 Price/Earnings ratio is at 27.97. AWR is valued slightly cheaper when compared to this.
  • The Price/Forward Earnings ratio is 21.31, which indicates a rather expensive current valuation of AWR.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of AWR is on the same level as its industry peers.
  • The average S&P500 Price/Forward Earnings ratio is at 27.96. AWR is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 22.16
Fwd PE 21.31
AWR Price Earnings VS Forward Price EarningsAWR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of AWR is on the same level as its industry peers.
  • AWR's Price/Free Cash Flow ratio is rather cheap when compared to the industry. AWR is cheaper than 92.86% of the companies in the same industry.
Industry RankSector Rank
P/FCF 83.02
EV/EBITDA 15.17
AWR Per share dataAWR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates AWR does not grow enough to justify the current Price/Earnings ratio.
  • The excellent profitability rating of AWR may justify a higher PE ratio.
PEG (NY)3.83
PEG (5Y)2.68
EPS Next 2Y5.3%
EPS Next 3Y5.92%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. Dividend

5.1 Amount

  • AWR has a Yearly Dividend Yield of 2.77%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 2.98, AWR has a dividend in line with its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.84, AWR pays a better dividend.
Industry RankSector Rank
Dividend Yield 2.77%

5.2 History

  • On average, the dividend of AWR grows each year by 8.98%, which is quite nice.
  • AWR has paid a dividend for at least 10 years, which is a reliable track record.
  • AWR has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)8.98%
Div Incr Years34
Div Non Decr Years34
AWR Yearly Dividends per shareAWR Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5

5.3 Sustainability

  • 56.10% of the earnings are spent on dividend by AWR. This is a bit on the high side, but may be sustainable.
  • The dividend of AWR is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP56.1%
EPS Next 2Y5.3%
EPS Next 3Y5.92%
AWR Yearly Income VS Free CF VS DividendAWR Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M 100M -100M
AWR Dividend Payout.AWR Dividend Payout, showing the Payout Ratio.AWR Dividend Payout.PayoutRetained Earnings

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Find the best dividend stocksShow peers with best dividend

AMERICAN STATES WATER CO

NYSE:AWR (2/13/2026, 8:04:00 PM)

After market: 74.89 0 (0%)

74.89

+2 (+2.74%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryWater Utilities
Earnings (Last)11-05
Earnings (Next)02-18
Inst Owners85.21%
Inst Owner Change-3.6%
Ins Owners0.85%
Ins Owner Change-0.09%
Market Cap2.90B
Revenue(TTM)636.89M
Net Income(TTM)129.63M
Analysts44.44
Price Target73.44 (-1.94%)
Short Float %2.07%
Short Ratio3.08
Dividend
Industry RankSector Rank
Dividend Yield 2.77%
Yearly Dividend1.78
Dividend Growth(5Y)8.98%
DP56.1%
Div Incr Years34
Div Non Decr Years34
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.59%
Min EPS beat(2)-5.6%
Max EPS beat(2)4.43%
EPS beat(4)3
Avg EPS beat(4)4.22%
Min EPS beat(4)-5.6%
Max EPS beat(4)15.13%
EPS beat(8)4
Avg EPS beat(8)1.18%
EPS beat(12)7
Avg EPS beat(12)-1.03%
EPS beat(16)8
Avg EPS beat(16)-3.07%
Revenue beat(2)1
Avg Revenue beat(2)-2.1%
Min Revenue beat(2)-5.39%
Max Revenue beat(2)1.18%
Revenue beat(4)3
Avg Revenue beat(4)2.18%
Min Revenue beat(4)-5.39%
Max Revenue beat(4)12.45%
Revenue beat(8)5
Avg Revenue beat(8)3.26%
Revenue beat(12)7
Avg Revenue beat(12)6.25%
Revenue beat(16)7
Avg Revenue beat(16)2.51%
PT rev (1m)-11.11%
PT rev (3m)-11.66%
EPS NQ rev (1m)2.86%
EPS NQ rev (3m)2.86%
EPS NY rev (1m)0%
EPS NY rev (3m)1.22%
Revenue NQ rev (1m)11.13%
Revenue NQ rev (3m)11.13%
Revenue NY rev (1m)2.37%
Revenue NY rev (3m)1.03%
Valuation
Industry RankSector Rank
PE 22.16
Fwd PE 21.31
P/S 4.55
P/FCF 83.02
P/OCF 10.88
P/B 2.87
P/tB 2.87
EV/EBITDA 15.17
EPS(TTM)3.38
EY4.51%
EPS(NY)3.51
Fwd EY4.69%
FCF(TTM)0.9
FCFY1.2%
OCF(TTM)6.89
OCFY9.19%
SpS16.45
BVpS26.07
TBVpS26.07
PEG (NY)3.83
PEG (5Y)2.68
Graham Number44.53
Profitability
Industry RankSector Rank
ROA 4.88%
ROE 12.84%
ROCE 8.01%
ROIC 6.19%
ROICexc 6.26%
ROICexgc 6.26%
OM 30.92%
PM (TTM) 20.35%
GM 81.56%
FCFM 5.48%
ROA(3y)4.71%
ROA(5y)4.78%
ROE(3y)13.33%
ROE(5y)13.42%
ROIC(3y)6.15%
ROIC(5y)6.12%
ROICexc(3y)6.21%
ROICexc(5y)6.19%
ROICexgc(3y)6.21%
ROICexgc(5y)6.19%
ROCE(3y)8.5%
ROCE(5y)8.27%
ROICexgc growth 3Y0.1%
ROICexgc growth 5Y-0.78%
ROICexc growth 3Y0.12%
ROICexc growth 5Y-0.77%
OM growth 3Y3.23%
OM growth 5Y2.98%
PM growth 3Y1.9%
PM growth 5Y2.4%
GM growth 3Y1.3%
GM growth 5Y0.64%
F-Score6
Asset Turnover0.24
Health
Industry RankSector Rank
Debt/Equity 0.91
Debt/FCF 26.2
Debt/EBITDA 3.74
Cap/Depr 489.1%
Cap/Sales 36.37%
Interest Coverage 250
Cash Conversion 109.11%
Profit Quality 26.94%
Current Ratio 1.27
Quick Ratio 1.18
Altman-Z 1.86
F-Score6
WACC8.39%
ROIC/WACC0.74
Cap/Depr(3y)452.98%
Cap/Depr(5y)414.15%
Cap/Sales(3y)34.81%
Cap/Sales(5y)32.02%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)13.8%
EPS 3Y7.52%
EPS 5Y8.28%
EPS Q2Q%11.58%
EPS Next Y5.78%
EPS Next 2Y5.3%
EPS Next 3Y5.92%
EPS Next 5Y5.9%
Revenue 1Y (TTM)10.28%
Revenue growth 3Y6.07%
Revenue growth 5Y4.67%
Sales Q2Q%12.94%
Revenue Next Year8.16%
Revenue Next 2Y6.03%
Revenue Next 3Y4.76%
Revenue Next 5Y4.34%
EBIT growth 1Y9.06%
EBIT growth 3Y9.5%
EBIT growth 5Y7.79%
EBIT Next Year33.31%
EBIT Next 3Y15.73%
EBIT Next 5Y12.48%
FCF growth 1Y136.45%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y215.79%
OCF growth 3Y19.79%
OCF growth 5Y11.2%

AMERICAN STATES WATER CO / AWR FAQ

What is the ChartMill fundamental rating of AMERICAN STATES WATER CO (AWR) stock?

ChartMill assigns a fundamental rating of 6 / 10 to AWR.


What is the valuation status of AMERICAN STATES WATER CO (AWR) stock?

ChartMill assigns a valuation rating of 4 / 10 to AMERICAN STATES WATER CO (AWR). This can be considered as Fairly Valued.


Can you provide the profitability details for AMERICAN STATES WATER CO?

AMERICAN STATES WATER CO (AWR) has a profitability rating of 8 / 10.


Can you provide the financial health for AWR stock?

The financial health rating of AMERICAN STATES WATER CO (AWR) is 5 / 10.


What is the expected EPS growth for AMERICAN STATES WATER CO (AWR) stock?

The Earnings per Share (EPS) of AMERICAN STATES WATER CO (AWR) is expected to grow by 5.78% in the next year.