AMERICAN STATES WATER CO (AWR) Stock Fundamental Analysis

NYSE:AWR • US0298991011

74.79 USD
+0.26 (+0.35%)
At close: Mar 2, 2026
74.79 USD
0 (0%)
After Hours: 3/2/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

5

Overall AWR gets a fundamental rating of 5 out of 10. We evaluated AWR against 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 expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • In the past year AWR was profitable.
  • In the past year AWR had a positive cash flow from operations.
  • AWR had positive earnings in each of the past 5 years.
  • 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 2025 0 100M -100M 200M

1.2 Ratios

  • The Return On Assets of AWR (4.79%) is better than 78.57% of its industry peers.
  • AWR has a better Return On Equity (12.43%) than 92.86% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 6.27%, AWR belongs to the top of the industry, outperforming 92.86% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for AWR is in line with the industry average of 5.01%.
Industry RankSector Rank
ROA 4.79%
ROE 12.43%
ROIC 6.27%
ROA(3y)5.03%
ROA(5y)4.78%
ROE(3y)13.8%
ROE(5y)13.23%
ROIC(3y)6.57%
ROIC(5y)6.23%
AWR Yearly ROA, ROE, ROICAWR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

1.3 Margins

  • AWR has a Profit Margin of 19.75%. This is comparable to the rest of the industry: AWR outperforms 50.00% of its industry peers.
  • In the last couple of years the Profit Margin of AWR has grown nicely.
  • The Operating Margin of AWR (30.89%) is comparable to the rest of the industry.
  • In the last couple of years the Operating Margin of AWR has grown nicely.
  • With an excellent Gross Margin value of 80.18%, AWR belongs to the best of the industry, outperforming 85.71% of the companies in the same industry.
  • AWR's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 30.89%
PM (TTM) 19.75%
GM 80.18%
OM growth 3Y6.27%
OM growth 5Y2.93%
PM growth 3Y7.48%
PM growth 5Y2.29%
GM growth 3Y0.46%
GM growth 5Y-0.08%
AWR Yearly Profit, Operating, Gross MarginsAWR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60 80

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ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), AWR is destroying value.
  • AWR has more shares outstanding than it did 1 year ago.
  • The number of shares outstanding for AWR has been increased compared to 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 2025 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 2025 500M 1B 1.5B 2B 2.5B

2.2 Solvency

  • An Altman-Z score of 1.87 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 1.87, AWR is in the better half of the industry, outperforming 78.57% of the companies in the same industry.
  • A Debt/Equity ratio of 0.88 indicates that AWR is somewhat dependend on debt financing.
  • AWR has a Debt to Equity ratio of 0.88. This is comparable to the rest of the industry: AWR outperforms 57.14% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.88
Debt/FCF N/A
Altman-Z 1.87
ROIC/WACC0.76
WACC8.24%
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 2025 0 200M 400M 600M 800M 1B

2.3 Liquidity

  • A Current Ratio of 1.32 indicates that AWR should not have too much problems paying its short term obligations.
  • AWR has a better Current ratio (1.32) than 85.71% of its industry peers.
  • A Quick Ratio of 1.23 indicates that AWR should not have too much problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 1.23, AWR is in the better half of the industry, outperforming 78.57% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.32
Quick Ratio 1.23
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 2025 100M 200M 300M

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

3

3. Growth

3.1 Past

  • The Earnings Per Share has been growing slightly by 6.31% over the past year.
  • Measured over the past 5 years, AWR shows a small growth in Earnings Per Share. The EPS has been growing by 7.66% on average per year.
  • Looking at the last year, AWR shows a quite strong growth in Revenue. The Revenue has grown by 10.52% in the last year.
  • Measured over the past years, AWR shows a small growth in Revenue. The Revenue has been growing by 6.15% on average per year.
EPS 1Y (TTM)6.31%
EPS 3Y16.89%
EPS 5Y7.66%
EPS Q2Q%-1.33%
Revenue 1Y (TTM)10.52%
Revenue growth 3Y10.22%
Revenue growth 5Y6.15%
Sales Q2Q%14.8%

3.2 Future

  • The Earnings Per Share is expected to grow by 5.80% on average over the next years.
  • AWR is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.41% yearly.
EPS Next Y4.3%
EPS Next 2Y5.73%
EPS Next 3Y6.58%
EPS Next 5Y5.8%
Revenue Next Year3.94%
Revenue Next 2Y3.1%
Revenue Next 3Y20.66%
Revenue Next 5Y3.41%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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

2

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 22.19, which indicates a rather expensive current valuation of AWR.
  • Compared to the rest of the industry, the Price/Earnings ratio of AWR is on the same level as its industry peers.
  • AWR is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.13, which is the current average of the S&P500 Index.
  • AWR is valuated rather expensively with a Price/Forward Earnings ratio of 21.28.
  • AWR's Price/Forward Earnings is on the same level as the industry average.
  • The average S&P500 Price/Forward Earnings ratio is at 28.11. AWR is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 22.19
Fwd PE 21.28
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

  • AWR's Enterprise Value to EBITDA ratio is in line with the industry average.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 15.1
AWR Per share dataAWR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15 20 25

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • AWR has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)5.17
PEG (5Y)2.9
EPS Next 2Y5.73%
EPS Next 3Y6.58%

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

6

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 2.73%, AWR has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 2.93, AWR has a dividend in line with its industry peers.
  • AWR's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 2.73%

5.2 History

  • The dividend of AWR is nicely growing with an annual growth rate of 8.58%!
  • AWR has been paying a dividend for at least 10 years, so it has 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)8.58%
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 2026 0.5 1 1.5

5.3 Sustainability

  • 57.44% 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.
DP57.44%
EPS Next 2Y5.73%
EPS Next 3Y6.58%
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 2025 0 50M -50M 100M -100M
AWR Dividend Payout.AWR Dividend Payout, showing the Payout Ratio.AWR Dividend Payout.PayoutRetained Earnings

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AMERICAN STATES WATER CO

NYSE:AWR (3/2/2026, 8:04:00 PM)

After market: 74.79 0 (0%)

74.79

+0.26 (+0.35%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryWater Utilities
Earnings (Last)02-18
Earnings (Next)05-05
Inst Owners85.21%
Inst Owner Change-1.23%
Ins Owners0.85%
Ins Owner Change-0.17%
Market Cap2.90B
Revenue(TTM)658.07M
Net Income(TTM)129.98M
Analysts44.44
Price Target73.44 (-1.81%)
Short Float %1.89%
Short Ratio2.93
Dividend
Industry RankSector Rank
Dividend Yield 2.73%
Yearly Dividend1.93
Dividend Growth(5Y)8.58%
DP57.44%
Div Incr Years34
Div Non Decr Years34
Ex-Date02-23
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)3.09%
Min EPS beat(2)1.76%
Max EPS beat(2)4.43%
EPS beat(4)3
Avg EPS beat(4)0.88%
Min EPS beat(4)-5.6%
Max EPS beat(4)4.43%
EPS beat(8)4
Avg EPS beat(8)1.3%
EPS beat(12)8
Avg EPS beat(12)2.44%
EPS beat(16)8
Avg EPS beat(16)-4.1%
Revenue beat(2)1
Avg Revenue beat(2)-1.24%
Min Revenue beat(2)-3.65%
Max Revenue beat(2)1.18%
Revenue beat(4)2
Avg Revenue beat(4)-1.85%
Min Revenue beat(4)-5.39%
Max Revenue beat(4)1.18%
Revenue beat(8)5
Avg Revenue beat(8)3.57%
Revenue beat(12)7
Avg Revenue beat(12)7.04%
Revenue beat(16)7
Avg Revenue beat(16)2.81%
PT rev (1m)-11.11%
PT rev (3m)-11.11%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)-0.29%
EPS NY rev (3m)-0.1%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)1.59%
Revenue NY rev (3m)0.99%
Valuation
Industry RankSector Rank
PE 22.19
Fwd PE 21.28
P/S 4.4
P/FCF N/A
P/OCF 12.6
P/B 2.77
P/tB 2.78
EV/EBITDA 15.1
EPS(TTM)3.37
EY4.51%
EPS(NY)3.51
Fwd EY4.7%
FCF(TTM)-0.18
FCFYN/A
OCF(TTM)5.93
OCFY7.94%
SpS17
BVpS27.01
TBVpS26.88
PEG (NY)5.17
PEG (5Y)2.9
Graham Number45.26
Profitability
Industry RankSector Rank
ROA 4.79%
ROE 12.43%
ROCE 8%
ROIC 6.27%
ROICexc 6.31%
ROICexgc 6.33%
OM 30.89%
PM (TTM) 19.75%
GM 80.18%
FCFM N/A
ROA(3y)5.03%
ROA(5y)4.78%
ROE(3y)13.8%
ROE(5y)13.23%
ROIC(3y)6.57%
ROIC(5y)6.23%
ROICexc(3y)6.62%
ROICexc(5y)6.28%
ROICexgc(3y)6.63%
ROICexgc(5y)6.28%
ROCE(3y)8.6%
ROCE(5y)8.31%
ROICexgc growth 3Y6.17%
ROICexgc growth 5Y0.24%
ROICexc growth 3Y6.12%
ROICexc growth 5Y0.21%
OM growth 3Y6.27%
OM growth 5Y2.93%
PM growth 3Y7.48%
PM growth 5Y2.29%
GM growth 3Y0.46%
GM growth 5Y-0.08%
F-Score6
Asset Turnover0.24
Health
Industry RankSector Rank
Debt/Equity 0.88
Debt/FCF N/A
Debt/EBITDA 3.66
Cap/Depr 484.57%
Cap/Sales 35.99%
Interest Coverage 4.41
Cash Conversion 91.11%
Profit Quality N/A
Current Ratio 1.32
Quick Ratio 1.23
Altman-Z 1.87
F-Score6
WACC8.24%
ROIC/WACC0.76
Cap/Depr(3y)481.65%
Cap/Depr(5y)440.95%
Cap/Sales(3y)35.53%
Cap/Sales(5y)33.87%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)6.31%
EPS 3Y16.89%
EPS 5Y7.66%
EPS Q2Q%-1.33%
EPS Next Y4.3%
EPS Next 2Y5.73%
EPS Next 3Y6.58%
EPS Next 5Y5.8%
Revenue 1Y (TTM)10.52%
Revenue growth 3Y10.22%
Revenue growth 5Y6.15%
Sales Q2Q%14.8%
Revenue Next Year3.94%
Revenue Next 2Y3.1%
Revenue Next 3Y20.66%
Revenue Next 5Y3.41%
EBIT growth 1Y10.19%
EBIT growth 3Y17.13%
EBIT growth 5Y9.27%
EBIT Next Year29.62%
EBIT Next 3Y15.31%
EBIT Next 5Y13.25%
FCF growth 1Y78.66%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y15.6%
OCF growth 3Y24.94%
OCF growth 5Y13.46%

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 5 / 10 to AWR.


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

ChartMill assigns a valuation rating of 2 / 10 to AMERICAN STATES WATER CO (AWR). This can be considered as Overvalued.


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

AMERICAN STATES WATER CO (AWR) has a profitability rating of 7 / 10.


Can you provide the financial health for AWR stock?

The financial health rating of AMERICAN STATES WATER CO (AWR) is 4 / 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 4.3% in the next year.