Company Valuation: California Water Service Group

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 3,780 3,325 2,993 2,696 2,582 3,057 - -
Change - -12.06% -9.96% -9.94% -4.22% 18.38% - -
Enterprise Value (EV) 3,780 4,388 4,187 2,696 2,582 3,057 3,057 3,057
Change - 16.08% -4.58% -35.62% -4.22% 18.38% 0% 0%
P/E 36.7x 34.3x 57x 13.9x 20.2x 19x 18x 16.7x
PBR - 2.56x 2.09x - - - - -
PEG - -3.54x -1.2x 0x -0.6x 0.9x 3.27x 2.14x
Capitalization / Revenue 4.78x 3.93x 3.77x 2.6x 2.58x 2.81x 2.62x 2.48x
EV / Revenue 0x 0x 0x 0x 0x 2.81x 2.62x 2.48x
EV / EBITDA 0x 0x 0x 0x 0x 7.75x 6.8x 5.82x
EV / EBIT 0x 0x 0x 0x 0x 13x 11.3x 9.61x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 0.92 1 1.04 1.12 1.24 1.34 1.448 1.57
Rate of return 1.28% 1.65% 2.01% 2.47% 2.86% 2.71% 2.93% 3.18%
EPS 2 1.96 1.77 0.91 3.25 2.15 2.607 2.75 2.965
Distribution rate 46.9% 56.5% 114% 34.5% 57.7% 51.4% 52.7% 53%
Net sales 1 790.9 846.4 794.6 1,037 1,000 1,087 1,165 1,234
EBITDA 1 238.3 245.5 183.2 395.1 336.4 394.2 449.8 525
EBIT 1 129.6 130.9 61.95 261 189.9 235.2 270.8 318
Net income 1 101.1 96.01 51.91 190.8 128.2 156.5 179.2 199
Net Debt - 1,064 1,194 - - - - -
Reference price 2 71.86 60.64 51.87 45.33 43.33 49.43 49.43 49.43
Nbr of stocks (in thousands) 52,608 54,824 57,711 59,473 59,591 61,839 - -
Announcement Date 2/24/22 3/1/23 2/29/24 2/27/25 2/25/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18.96x - - 2.71% 3.06B
15.15x5.39x9.08x3.48% 18.33B
13.77x7.29x12.17x4.18% 13.34B
18.77x6.51x13.09x4.45% 11.97B
19.14x8.47x14.88x3.36% 11.92B
23.82x - - 2.38% 3.5B
9.86x - - - 3.15B
10.88x - - - 3.1B
19.26x5.17x12.53x6.74% 2.86B
6.66x - - 4.48% 2.49B
Average 15.63x 6.57x 12.35x 3.97% 7.37B
Weighted average by Cap. 16.17x 6.67x 11.96x 3.85%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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