American States Water Company

About the Company: American States Water Company (AWR) is the parent Company of both Golden State Water Company (GSWC) and American States Utility Services, Inc. (ASUS). Through Golden State Water Company, AWR provides water service to approximately 258,000 customers located within 75 communities throughout 10 counties in Northern, Coastal and Southern California. The Company also distributes electricity to approximately 24,000 customers in the City of Big Bear and surrounding areas in San Bernardino County, California through the services of Bear Valley Electric Services (BVES). Through its contracted services subsidiary, American States Utility Services, Inc. (ASUS), the Company provides operations, maintenance and construction management services for water and wastewater systems located on military bases throughout the country through 50-year privatization contracts with the U.S. government. American States Water Company has paid dividends to shareholders every year since 1931, increasing the dividends received by shareholders each calendar year since 1954.

Type
Public
HQ
San Dimas, US
Founded
1929
Size (employees)
736 (est)+5%
American States Water Company was founded in 1929 and is headquartered in San Dimas, US

American States Water Company Office Locations

American States Water Company has offices in San Dimas, Anaheim, Rancho Cordova, Amargosa Valley and in 2 other locations
San Dimas, US (HQ)
630 E Foothill Blvd

American States Water Company Data and Metrics

American States Water Company Financial Metrics

American States Water Company's revenue was reported to be $436.1 m in FY, 2016 which is a 5% decrease from the previous period.
Numbers are in $, USD

Revenue (FY, 2016)

436.1 m

Revenue growth (FY, 2015 - FY, 2016), %

(5%)

Gross profit (FY, 2016)

352.6 m

Gross profit margin (FY, 2016), %

81%

Net income (FY, 2016)

59.7 m

EBIT (FY, 2016)

114.7 m

Market capitalization (22-Jun-2017)

1.8 b

Closing share price (22-Jun-2017)

48.1

Cash (31-Dec-2016)

436 k

EV

2.1 b
American States Water Company's current market capitalization is $1.8 b.
FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

472.1 m465.8 m458.6 m436.1 m

Revenue growth, %

(1%)(2%)(5%)

Cost of goods sold

82.1 m83.5 m

Gross profit

376.5 m352.6 m

Gross profit Margin, %

82%81%

General and administrative expense

77.3 m78.3 m

Operating expense total

353 m346.7 m340.2 m321.4 m

EBIT

119.1 m119 m118.5 m114.7 m

EBIT margin, %

25%26%26%26%

Interest expense

22.4 m21.6 m21.1 m22 m

Interest income

707 k927 k458 k757 k

Pre tax profit

98.5 m99.1 m98.2 m94.5 m

Income tax expense

35.8 m38 m37.7 m34.7 m

Net Income

62.7 m61.1 m60.5 m59.7 m
FY, 2013FY, 2014FY, 2015FY, 2016

Cash

38.2 m76 m4.4 m436 k

Inventories

4.6 m3.6 m5.4 m4.3 m

Current Assets

191.6 m209.5 m132.7 m166.9 m

PP&E

981.5 m1 b1.1 b1.2 b

Goodwill

1.1 m1.1 m1.1 m1.1 m

Total Assets

1.3 b1.4 b1.3 b1.5 b

Accounts Payable

49.8 m41.9 m50.6 m43.7 m

Total Debt

325.9 m321.3 m

Current Liabilities

100.9 m

Total Equity

465.9 m494.3 m

Debt to Equity Ratio

0.7 x0.7 x

Debt to Assets Ratio

0.2 x0.2 x

Financial Leverage

2.9 x3 x
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

62.7 m61.1 m60.5 m59.7 m

Depreciation and Amortization

41 m41.8 m42.7 m39.1 m

Accounts Receivable

(5.3 m)4 m(923 k)(1.8 m)

Inventories

790 k970 k(1.8 m)1.1 m

Accounts Payable

1.8 m(1.6 m)679 k(3.4 m)

Cash From Operating Activities

135.7 m163.3 m95.1 m96.9 m

Capital Expenditures

(97.4 m)(72.6 m)(87.3 m)(129.9 m)

Cash From Investing Activities

(98.8 m)(74.1 m)(90.1 m)(131.2 m)

Long-term Borrowings

(3.5 m)(21.3 m)(237 k)(313 k)

Dividends Paid

(29.4 m)(32.1 m)(32.7 m)(33.4 m)

Free Cash Flow

233.1 m235.8 m182.5 m226.8 m
Numbers are in $, USDY, 2016

EV/EBIT

18.1 x

EV/CFO

21.5 x

EV/FCF

9.2 x

Revenue/Employee

616.8 k

Debt/Equity

0.7 x

Debt/Assets

0.2 x

Financial Leverage

3 x

American States Water Company Market Value History

American States Water Company Job Categories

American States Water Company Company Life and Culture

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