American States Water Company (AWR) - Net Assets
Based on the latest financial reports, American States Water Company (AWR) has net assets worth $1.01 Billion USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.66 Billion) and total liabilities ($1.65 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check AWR financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.01 Billion |
| % of Total Assets | 38.01% |
| Annual Growth Rate | 6.99% |
| 5-Year Change | 43.38% |
| 10-Year Change | 16.24% |
| Growth Volatility | 32.3 |
American States Water Company - Net Assets Trend (1994–2024)
This chart illustrates how American States Water Company's net assets have evolved over time, based on quarterly financial data. Also explore AWR asset base for the complete picture of this company's asset base.
Annual Net Assets for American States Water Company (1994–2024)
The table below shows the annual net assets of American States Water Company from 1994 to 2024. For live valuation and market cap data, see American States Water Company stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $920.05 Million | +18.55% |
| 2023-12-31 | $776.11 Million | +9.38% |
| 2022-12-31 | $709.55 Million | +3.44% |
| 2021-12-31 | $685.95 Million | +6.90% |
| 2020-12-31 | $641.67 Million | -27.29% |
| 2019-12-31 | $882.53 Million | +5.15% |
| 2018-12-31 | $839.31 Million | +58.38% |
| 2017-12-31 | $529.95 Million | -35.00% |
| 2016-12-31 | $815.28 Million | +3.01% |
| 2015-12-31 | $791.49 Million | -4.94% |
| 2014-12-31 | $832.60 Million | +69.09% |
| 2013-12-31 | $492.40 Million | -37.44% |
| 2012-12-31 | $787.04 Million | +92.59% |
| 2011-12-31 | $408.67 Million | +8.24% |
| 2010-12-31 | $377.54 Million | -43.25% |
| 2009-12-31 | $665.30 Million | +105.00% |
| 2008-12-31 | $324.53 Million | +7.42% |
| 2007-12-31 | $302.13 Million | +6.48% |
| 2006-12-31 | $283.73 Million | +7.44% |
| 2005-12-31 | $264.09 Million | +5.02% |
| 2004-12-31 | $251.47 Million | +18.34% |
| 2003-12-31 | $212.49 Million | -0.37% |
| 2002-12-31 | $213.28 Million | +5.66% |
| 2001-12-31 | $201.86 Million | +3.71% |
| 2000-12-31 | $194.64 Million | +21.05% |
| 1999-12-31 | $160.80 Million | +2.88% |
| 1998-12-31 | $156.30 Million | +2.09% |
| 1997-12-31 | $153.10 Million | +2.82% |
| 1996-12-31 | $148.90 Million | +20.37% |
| 1995-12-31 | $123.70 Million | +2.06% |
| 1994-12-31 | $121.20 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to American States Water Company's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1166.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $564.91 Million | 61.40% |
| Common Stock | $355.14 Million | 38.60% |
| Total Equity | $920.05 Million | 100.00% |
American States Water Company Competitors by Market Cap
The table below lists competitors of American States Water Company ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sigurd Microelectronics Corp
TW:6257
|
$2.72 Billion |
|
Soleno Therapeutics Inc
NASDAQ:SLNO
|
$2.72 Billion |
|
Ansell Limited
F:PD1A
|
$2.72 Billion |
|
The Chefs Warehouse Inc
NASDAQ:CHEF
|
$2.72 Billion |
|
Brookfield Wealth Solutions Ltd.
NYSE:BNT
|
$2.71 Billion |
|
China Resources Double-Crane Pharmaceutical Co Ltd
SHG:600062
|
$2.71 Billion |
|
Robert Half International Inc
NYSE:RHI
|
$2.71 Billion |
|
Corporativo Fragua S.A.B. de C.V
MX:FRAGUAB
|
$2.71 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in American States Water Company's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 776,109,000 to 920,051,000, a change of 143,942,000 (18.5%).
- Net income of 119,268,000 contributed positively to equity growth.
- Dividend payments of 67,017,000 reduced retained earnings.
- Share repurchases of 88,814,000 reduced equity.
- New share issuances of 88,814,000 increased equity.
- Other factors increased equity by 91,691,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $119.27 Million | +12.96% |
| Dividends Paid | $67.02 Million | -7.28% |
| Share Repurchases | $88.81 Million | -9.65% |
| Share Issuances | $88.81 Million | +9.65% |
| Other Changes | $91.69 Million | +9.97% |
| Total Change | $- | 18.55% |
Book Value vs Market Value Analysis
This analysis compares American States Water Company's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.07x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 14.60x to 3.07x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-12-31 | $5.15 | $75.21 | x |
| 1995-12-31 | $5.26 | $75.21 | x |
| 1996-12-31 | $5.59 | $75.21 | x |
| 1997-12-31 | $5.70 | $75.21 | x |
| 1998-12-31 | $5.82 | $75.21 | x |
| 1999-12-31 | $3.99 | $75.21 | x |
| 2000-12-31 | $6.92 | $75.21 | x |
| 2001-12-31 | $6.62 | $75.21 | x |
| 2002-12-31 | $7.04 | $75.21 | x |
| 2003-12-31 | $6.98 | $75.21 | x |
| 2004-12-31 | $8.03 | $75.21 | x |
| 2005-12-31 | $7.86 | $75.21 | x |
| 2006-12-31 | $8.30 | $75.21 | x |
| 2007-12-31 | $8.79 | $75.21 | x |
| 2008-12-31 | $9.33 | $75.21 | x |
| 2009-12-31 | $18.29 | $75.21 | x |
| 2010-12-31 | $10.08 | $75.21 | x |
| 2011-12-31 | $10.85 | $75.21 | x |
| 2012-12-31 | $20.57 | $75.21 | x |
| 2013-12-31 | $12.67 | $75.21 | x |
| 2014-12-31 | $21.41 | $75.21 | x |
| 2015-12-31 | $21.04 | $75.21 | x |
| 2016-12-31 | $22.18 | $75.21 | x |
| 2017-12-31 | $14.38 | $75.21 | x |
| 2018-12-31 | $22.72 | $75.21 | x |
| 2019-12-31 | $23.88 | $75.21 | x |
| 2020-12-31 | $17.34 | $75.21 | x |
| 2021-12-31 | $18.53 | $75.21 | x |
| 2022-12-31 | $19.16 | $75.21 | x |
| 2023-12-31 | $20.93 | $75.21 | x |
| 2024-12-31 | $24.48 | $75.21 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently American States Water Company utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.96%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 20.03%
- • Asset Turnover: 0.24x
- • Equity Multiplier: 2.72x
- Recent ROE (12.96%) is above the historical average (9.58%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 9.32% | 9.21% | 0.32x | 3.17x | $-820.00K |
| 1995 | 9.86% | 9.40% | 0.32x | 3.28x | $-170.00K |
| 1996 | 9.07% | 8.91% | 0.35x | 2.89x | $-1.39 Million |
| 1997 | 9.21% | 9.17% | 0.34x | 2.99x | $-1.21 Million |
| 1998 | 9.34% | 9.86% | 0.31x | 3.10x | $-1.03 Million |
| 1999 | 10.01% | 9.28% | 0.33x | 3.32x | $20.00K |
| 2000 | 9.29% | 9.83% | 0.30x | 3.17x | $-1.38 Million |
| 2001 | 10.13% | 10.35% | 0.29x | 3.39x | $260.80K |
| 2002 | 9.54% | 9.72% | 0.30x | 3.29x | $-988.90K |
| 2003 | 5.60% | 5.59% | 0.28x | 3.56x | $-9.36 Million |
| 2004 | 7.37% | 8.13% | 0.28x | 3.22x | $-6.61 Million |
| 2005 | 10.14% | 11.33% | 0.27x | 3.32x | $356.60K |
| 2006 | 8.13% | 8.59% | 0.29x | 3.30x | $-5.29 Million |
| 2007 | 9.28% | 9.30% | 0.31x | 3.19x | $-2.18 Million |
| 2008 | 6.78% | 6.90% | 0.33x | 2.99x | $-10.45 Million |
| 2009 | 4.44% | 8.18% | 0.32x | 1.67x | $-37.00 Million |
| 2010 | 8.79% | 8.32% | 0.33x | 3.16x | $-4.56 Million |
| 2011 | 11.22% | 10.94% | 0.34x | 3.03x | $4.99 Million |
| 2012 | 6.88% | 11.60% | 0.36x | 1.63x | $-24.56 Million |
| 2013 | 12.73% | 13.28% | 0.36x | 2.66x | $13.45 Million |
| 2014 | 7.33% | 13.11% | 0.34x | 1.66x | $-22.20 Million |
| 2015 | 7.64% | 13.19% | 0.34x | 1.70x | $-18.66 Million |
| 2016 | 7.33% | 13.70% | 0.30x | 1.80x | $-21.78 Million |
| 2017 | 13.09% | 15.74% | 0.31x | 2.67x | $16.37 Million |
| 2018 | 7.61% | 14.62% | 0.29x | 1.79x | $-20.06 Million |
| 2019 | 9.56% | 17.80% | 0.29x | 1.86x | $-3.91 Million |
| 2020 | 13.47% | 17.70% | 0.27x | 2.79x | $22.26 Million |
| 2021 | 13.75% | 18.91% | 0.26x | 2.77x | $25.75 Million |
| 2022 | 11.05% | 15.95% | 0.24x | 2.87x | $7.44 Million |
| 2023 | 16.10% | 20.97% | 0.27x | 2.89x | $47.31 Million |
| 2024 | 12.96% | 20.03% | 0.24x | 2.72x | $27.26 Million |
Industry Comparison
This section compares American States Water Company's net assets metrics with peer companies in the Utilities - Regulated Water industry.
Industry Context
- Industry: Utilities - Regulated Water
- Average net assets among peers: $830,857,706
- Average return on equity (ROE) among peers: 6.41%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| American States Water Company (AWR) | $1.01 Billion | 9.32% | 1.63x | $2.71 Billion |
| Aris Water Solutions Inc (ARIS) | $687.89 Million | 2.75% | 0.95x | $585.02 Million |
| Artesian Resources Corporation (ARTNA) | $16.60 Million | 7.23% | 4.83x | $293.48 Million |
| American Water Works (AWK) | $5.22 Billion | 8.97% | 2.54x | $24.86 Billion |
| Cadiz Inc (CDZI) | $-78.70 Million | 0.00% | 0.00x | $363.19 Million |
| Consolidated Water Co Ltd (CWCO) | $130.28 Million | 4.69% | 0.23x | $511.87 Million |
| California Water Service Group (CWT) | $420.63 Million | 9.64% | 2.63x | $2.52 Billion |
| Global Water Resources Inc (GWRS) | $24.67 Million | 9.01% | 9.79x | $204.41 Million |
| H2O America (HTO) | $917.16 Million | 6.71% | 2.61x | $1.74 Billion |
| Middlesex Water Company (MSEX) | $141.18 Million | 8.65% | 2.12x | $933.95 Million |
About American States Water Company
American States Water Company, through its subsidiaries, provides water and electric services to residential, commercial, industrial, and other customers in the United States. The company operates through three segments: Water, Electric, and Contracted Services. It purchases, produces, distributes, and sells water, as well as distributes electricity. The company provides water service to approxim… Read more