California Water Service Group

California Water Service Group

CWTยทNYSE

$45.24

+1.1%
UtilitiesRegulated Water

California Water Service Group, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico, Hawaii, and Texas. The company is involved in the production, purchase, storage, treatment, testing, distribution, and sale of water for domestic, industrial, public, and irrigation uses, as well as for fire protection. It offers its services to approximately 494,500 customer connections in 100 California communities; approximately 6,200 water and wastewater customer connections on the islands of Maui and Hawaii; approximately 36,400 customer connections in the Tacoma, Olympia, Graham, Spanaway, Puyallup, and Gig Harbor areas; and approximately 8,600 water and wastewater customer connections in the Belen, Los Lunas, Indian Hills, and Elephant Butte areas in New Mexico. The company also engages in the provision of non-regulated water-related services, including operating of municipally owned water systems, privately owned water, and recycled water distribution systems; water system operation, meter reading, and billing services to private companies and municipalities; leasing of communication antenna sites on its properties to telecommunication companies; and billing of optional third-party insurance programs to its residential customers, as well as provides lab services. In addition, it offers wastewater collection and treatment services. The company was founded in 1926 and is headquartered in San Jose, California.

At a Glance

Live Snapshot
Market Cap$2.71B
EPS2.1500
P/E Ratio21.04
Earnings Date07/30/2026
California Water Service Group

California Water Service Group Fair Value Envelope

CWT ยท NYSE

Our analysis suggests that CWT has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $45.24, this represents a potential HIDDEN relative to our calculated worth for California Water Service Group.

Intrinsic Value
Current Price: $45.24

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$746.4M
+ Cash & Equivalents$51.8M
Firm Value$798.3M
- Debt$1.6B
Equity Value-$818.5M
/ Shares Outstanding59,591,341B
DCF Value-$14
OVERVALUED BY 130%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$244.6M
$197.7M
$159.8M
$129.1M
$104.4M
$84.4M
$68.2M
$55.1M
$44.6M
$36.0M
Maintenance CapEx
-$83.6M
-$67.6M
-$54.6M
-$44.1M
-$35.7M
-$28.8M
-$23.3M
-$18.8M
-$15.2M
-$12.3M
Owner Earnings
$161.0M
$130.1M
$105.2M
$85.0M
$68.7M
$55.5M
$44.9M
$36.3M
$29.3M
$23.7M
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$149.1M
$111.6M
$83.5M
$62.5M
$46.8M
$35.0M
$26.2M
$19.6M
$14.7M
$11.0M
Terminal Value represents 25.0% of Enterprise Value