California Water Service Stock Z Score

CWT Stock

USD 51.60 0.23 0.45%

Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Check out California Water Piotroski F Score and California Water Valuation analysis.

At this time, California Water's Capital Surpluse is comparatively stable compared to the past year. Capital Lease Obligations is likely to gain to about 1.1 M in 2024, whereas Capital Stock is likely to drop slightly above 575.5 K in 2024. At this time, California Water's Extraordinary Items is comparatively stable compared to the past year. Minority Interest is likely to gain to about 465.1 K in 2024, whereas EBITDA is likely to drop slightly above 135.7 M in 2024.

California Water Service Company Z Score Analysis

California Water's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..

Z Score

Sum Of

5 Factors

More About Z Score | All Equity Analysis

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

California Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for California Water is extremely important. It helps to project a fair market value of California Stock properly, considering its historical fundamentals such as Z Score. Since California Water's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of California Water's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of California Water's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Long Term Debt	Property Plant Equipment	Intangible Assets	Good Will	Net Tangible Assets	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Short Term Investments	Short Long Term Debt	Cash And Equivalents	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.97	-0.38	0.97	0.76	0.98	0.58	0.99	0.95	0.43	-0.57	0.8	-0.13	0.7	0.81	0.72	0.53	0.9	0.61	0.82	0.5	0.68	0.85	0.59	0.85
Total Stockholder Equity	0.97		-0.4	0.93	0.75	0.96	0.5	0.94	0.94	0.27	-0.47	0.8	-0.25	0.66	0.88	0.75	0.57	0.97	0.65	0.77	0.37	0.66	0.91	0.68	0.92
Current Deferred Revenue	-0.38	-0.4		-0.53	-0.48	-0.52	-0.07	-0.37	-0.39	-0.18	-0.28	-0.56	-0.06	-0.57	-0.54	-0.33	-0.76	-0.42	-0.04	-0.61	-0.41	-0.38	-0.59	-0.53	-0.43
Net Debt	0.97	0.93	-0.53		0.8	0.98	0.58	0.98	0.95	0.52	-0.53	0.83	-0.01	0.8	0.82	0.68	0.61	0.84	0.54	0.85	0.61	0.66	0.85	0.57	0.79
Retained Earnings	0.76	0.75	-0.48	0.8		0.81	0.8	0.75	0.81	0.32	-0.54	0.64	0.19	0.85	0.66	0.79	0.6	0.63	0.66	0.73	0.46	0.63	0.76	0.64	0.57
Accounts Payable	0.98	0.96	-0.52	0.98	0.81		0.57	0.97	0.97	0.43	-0.48	0.8	-0.04	0.76	0.86	0.74	0.59	0.89	0.59	0.87	0.56	0.73	0.88	0.64	0.84
Net Receivables	0.58	0.5	-0.07	0.58	0.8	0.57		0.62	0.59	0.32	-0.83	0.36	0.42	0.71	0.2	0.62	0.2	0.29	0.5	0.56	0.37	0.47	0.34	0.4	0.19
Total Liab	0.99	0.94	-0.37	0.98	0.75	0.97	0.62		0.94	0.5	-0.61	0.78	-0.07	0.71	0.76	0.7	0.51	0.85	0.58	0.83	0.56	0.67	0.81	0.53	0.79
Total Current Assets	0.95	0.94	-0.39	0.95	0.81	0.97	0.59	0.94		0.44	-0.54	0.78	-0.03	0.75	0.85	0.7	0.55	0.86	0.58	0.78	0.52	0.78	0.85	0.64	0.81
Short Term Debt	0.43	0.27	-0.18	0.52	0.32	0.43	0.32	0.5	0.44		-0.33	0.17	0.26	0.29	0.19	0.27	0.05	0.14	0.13	0.5	0.94	0.39	0.18	-0.28	0.08
Common Stock	-0.57	-0.47	-0.28	-0.53	-0.54	-0.48	-0.83	-0.61	-0.54	-0.33		-0.32	-0.31	-0.57	-0.17	-0.39	0.05	-0.26	-0.44	-0.36	-0.24	-0.24	-0.2	-0.17	-0.17
Long Term Debt	0.8	0.8	-0.56	0.83	0.64	0.8	0.36	0.78	0.78	0.17	-0.32		-0.17	0.79	0.81	0.33	0.86	0.77	0.35	0.54	0.23	0.48	0.85	0.71	0.8
Property Plant Equipment	-0.13	-0.25	-0.06	-0.01	0.19	-0.04	0.42	-0.07	-0.03	0.26	-0.31	-0.17		0.34	-0.28	-0.12	-0.2	-0.43	-0.08	0.11	0.3	0.02	-0.32	-0.11	-0.52
Intangible Assets	0.7	0.66	-0.57	0.8	0.85	0.76	0.71	0.71	0.75	0.29	-0.57	0.79	0.34		0.61	0.46	0.66	0.51	0.38	0.63	0.4	0.45	0.66	0.64	0.47
Good Will	0.81	0.88	-0.54	0.82	0.66	0.86	0.2	0.76	0.85	0.19	-0.17	0.81	-0.28	0.61		0.59	0.71	0.91	0.5	0.61	0.31	0.59	0.95	0.63	0.93
Net Tangible Assets	0.72	0.75	-0.33	0.68	0.79	0.74	0.62	0.7	0.7	0.27	-0.39	0.33	-0.12	0.46	0.59		0.3	0.7	0.63	0.77	0.44	0.62	0.69	0.46	0.62
Long Term Debt Total	0.53	0.57	-0.76	0.61	0.6	0.59	0.2	0.51	0.55	0.05	0.05	0.86	-0.2	0.66	0.71	0.3		0.59	0.16	0.42	0.17	0.42	0.81	0.68	0.68
Capital Surpluse	0.9	0.97	-0.42	0.84	0.63	0.89	0.29	0.85	0.86	0.14	-0.26	0.77	-0.43	0.51	0.91	0.7	0.59		0.6	0.68	0.26	0.63	0.93	0.67	0.98
Deferred Long Term Liab	0.61	0.65	-0.04	0.54	0.66	0.59	0.5	0.58	0.58	0.13	-0.44	0.35	-0.08	0.38	0.5	0.63	0.16	0.6		0.45	0.18	0.27	0.56	0.35	0.51
Short Term Investments	0.82	0.77	-0.61	0.85	0.73	0.87	0.56	0.83	0.78	0.5	-0.36	0.54	0.11	0.63	0.61	0.77	0.42	0.68	0.45		0.68	0.73	0.66	0.51	0.59
Short Long Term Debt	0.5	0.37	-0.41	0.61	0.46	0.56	0.37	0.56	0.52	0.94	-0.24	0.23	0.3	0.4	0.31	0.44	0.17	0.26	0.18	0.68		0.54	0.31	-0.09	0.18
Cash And Equivalents	0.68	0.66	-0.38	0.66	0.63	0.73	0.47	0.67	0.78	0.39	-0.24	0.48	0.02	0.45	0.59	0.62	0.42	0.63	0.27	0.73	0.54		0.61	0.57	0.59
Net Invested Capital	0.85	0.91	-0.59	0.85	0.76	0.88	0.34	0.81	0.85	0.18	-0.2	0.85	-0.32	0.66	0.95	0.69	0.81	0.93	0.56	0.66	0.31	0.61		0.69	0.94
Net Working Capital	0.59	0.68	-0.53	0.57	0.64	0.64	0.4	0.53	0.64	-0.28	-0.17	0.71	-0.11	0.64	0.63	0.46	0.68	0.67	0.35	0.51	-0.09	0.57	0.69		0.67
Capital Stock	0.85	0.92	-0.43	0.79	0.57	0.84	0.19	0.79	0.81	0.08	-0.17	0.8	-0.52	0.47	0.93	0.62	0.68	0.98	0.51	0.59	0.18	0.59	0.94	0.67

Click cells to compare fundamentals

To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.

Competition

Predict California Water

In accordance with the company's disclosures, California Water Service has a Z Score of 0.0. This is 100.0% lower than that of the Water Utilities sector and about the same as Utilities (which currently averages 0.0) industry. The z score for all United States stocks is 100.0% higher than that of the company.

California Water ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, California Water's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to California Water's managers, analysts, and investors.

Environmental

Governance

Social

California Water Institutional Holders

Institutional Holdings refers to the ownership stake in California Water that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of California Water's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing California Water's value.

		Shares
Northern Trust Corp	2024-09-30	865.5 K
Kbc Group Nv	2024-06-30	718.3 K
Charles Schwab Investment Management Inc	2024-09-30	711 K
Deprince Race & Zollo Inc	2024-06-30	693 K
Legal & General Group Plc	2024-06-30	612.3 K
Norges Bank	2024-06-30	600.7 K
Bank Of New York Mellon Corp	2024-06-30	572.4 K
Cbre Investment Management Listed Real Assets Llc	2024-06-30	479.4 K
Triodos Investment Management B.v.	2024-06-30	448 K
Blackrock Inc	2024-06-30	10.3 M
Vanguard Group Inc	2024-09-30	7.4 M

California Fundamentals

	Return On Equity	0.13
	Return On Asset	0.0375
	Profit Margin	0.20 %
	Operating Margin	0.29 %
	Current Valuation	4.29 B
	Shares Outstanding	59.47 M
	Shares Owned By Insiders	0.72 %
	Shares Owned By Institutions	87.95 %
	Number Of Shares Shorted	407.9 K
	Price To Earning	27.53 X
	Price To Book	1.87 X
	Price To Sales	2.97 X
	Revenue	794.63 M
	Gross Profit	429.45 M
	EBITDA	205.26 M
	Net Income	51.91 M
	Cash And Equivalents	62.1 M
	Cash Per Share	1.66 X
	Total Debt	1.25 B
	Debt To Equity	0.88 %
	Current Ratio	1.05 X
	Book Value Per Share	27.38 X
	Cash Flow From Operations	217.82 M
	Short Ratio	1.60 X
	Earnings Per Share	3.46 X
	Price To Earnings To Growth	2.70 X
	Target Price	58.0
	Number Of Employees	1.27 K
	Beta	0.49
	Market Capitalization	3.06 B
	Total Asset	4.6 B
	Retained Earnings	549.57 M
	Working Capital	(134.05 M)
	Current Asset	127.58 M
	Current Liabilities	147.9 M
	Annual Yield	0.02 %
	Five Year Return	1.63 %
	Net Asset	4.6 B
	Last Dividend Paid	1.1

About California Water Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze California Water Service's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of California Water using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of California Water Service based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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Additional Tools for California Stock Analysis

When running California Water's price analysis, check to measure California Water's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy California Water is operating at the current time. Most of California Water's value examination focuses on studying past and present price action to predict the probability of California Water's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move California Water's price. Additionally, you may evaluate how the addition of California Water to your portfolios can decrease your overall portfolio volatility.

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California Water Service Stock Z Score

California Water Service Company Z Score Analysis

Z Score

Sum Of

5 Factors

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

California Z Score Driver Correlations

California Water ESG Sustainability

California Water Institutional Holders

California Fundamentals

About California Water Fundamental Analysis

Thematic Opportunities

Explore Investment Opportunities

Additional Tools for California Stock Analysis

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