AMERICAN STATES WATER CO
AWRdata completeness 100%17 fiscal years on filei. The business — what you’d actually own
| Figure | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|
| Revenue | $113.4M1 | $110.9M2 | $120.4M3 | $126.4M3 | $136.7M3 |
| Net income | $94.3M4 | $78.4M5 | $124.9M6 | $119.3M6 | $130.4M6 |
| Operating cash flow | $115.6M7 | $117.8M8 | $67.7M9 | $198.7M9 | $229.7M9 |
| Capital expenditure | $144.5M10 | $166.2M11 | $188.5M12 | $232M12 | $236.8M12 |
| Free cash flow (derived) | −$28.9M7 | −$48.4M8 | −$120.9M9 | −$33.2M9 | −$7.09M9 |
| Total debt | $412.2M13 | $446.5M14 | $575.6M15 | $640.4M16 | $782.7M16 |
| Cash & equivalents | $4.96M17 | $6M18 | $14.1M19 | $26.7M20 | $18.8M20 |
| Diluted shares | 37.0M | 37.0M | 37.1M | 37.6M | 38.7M |
Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).
ii. Your slice — ownership made literal
If you owned
shares
You’d own
0.000026%
of the whole company
Your share of last year’s profit
$33.73
Your share of its debt
$202.39
Your share of free cash flow
−$1.83
iii. What it’s worth — engine v0.1.0
DCF · Growth Exit 10Y
not applicable
3y-median FCF non-positive — growth-exit DCF not applicable (see EPV)
DCF · Growth Exit 5Y
not applicable
3y-median FCF non-positive — growth-exit DCF not applicable (see EPV)
Earnings Power Value
$32.5
assumptions (8)
- riskFreeRate4.5%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- normalizedEarnings$119.3M
- growthAssumed0.0%
Graham Number
$45.28
assumptions (1)
- grahamMultiplier2250.0%
Different models answer different questions — which to trust when →
Sources — the receipts
- 10-K · period ending 2021-12-31 · accession 0001628280-24-005922 (RevenueFromContractWithCustomerIncludingAssessedTax)
- 10-K · period ending 2022-12-31 · accession 0001628280-25-006389 (RevenueFromContractWithCustomerIncludingAssessedTax)
- 10-K · period ending 2023-12-31 · accession 0001628280-26-009114 (RevenueFromContractWithCustomerIncludingAssessedTax)
- 10-K · period ending 2021-12-31 · accession 0001628280-24-005922 (NetIncomeLoss)
- 10-K · period ending 2022-12-31 · accession 0001628280-25-006389 (NetIncomeLoss)
- 10-K · period ending 2023-12-31 · accession 0001628280-26-009114 (NetIncomeLoss)
- 10-K · period ending 2021-12-31 · accession 0001628280-24-005922 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2022-12-31 · accession 0001628280-25-006389 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2023-12-31 · accession 0001628280-26-009114 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2021-12-31 · accession 0001628280-24-005922 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2022-12-31 · accession 0001628280-25-006389 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2023-12-31 · accession 0001628280-26-009114 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2021-12-31 · accession 0001628280-23-005869 (LongTermDebtNoncurrent)
- 10-K · period ending 2022-12-31 · accession 0001628280-24-005922 (LongTermDebtNoncurrent)
- 10-K · period ending 2023-12-31 · accession 0001628280-25-006389 (LongTermDebtNoncurrent)
- 10-K · period ending 2024-12-31 · accession 0001628280-26-009114 (LongTermDebtNoncurrent)
- 10-K · period ending 2021-12-31 · accession 0001628280-23-005869 (CashAndCashEquivalentsAtCarryingValue)
- 10-K · period ending 2022-12-31 · accession 0001628280-24-005922 (CashAndCashEquivalentsAtCarryingValue)
- 10-K · period ending 2023-12-31 · accession 0001628280-25-006389 (CashAndCashEquivalentsAtCarryingValue)
- 10-K · period ending 2024-12-31 · accession 0001628280-26-009114 (CashAndCashEquivalentsAtCarryingValue)