California Water Service Group

NYSE:CWT USA Utilities - Regulated Water
Market Cap
$2.64 Billion
Market Cap Rank
#4269 Global
#2691 in USA
Share Price
$44.34
Change (1 day)
-1.53%
52-Week Range
$42.31 - $51.36
All Time High
$67.81
Categories
Companies in USA Utilities - Regulated Water
About

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 services. It offers its services … Read more

California Water Service Group (CWT) - Net Assets

Latest net assets as of September 2025: $1.70 Billion USD

Based on the latest financial reports, California Water Service Group (CWT) has net assets worth $1.70 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 ($5.52 Billion) and total liabilities ($3.82 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.

Key Net Assets Metrics

Metric Value
Current Net Assets $1.70 Billion
% of Total Assets 30.85%
Annual Growth Rate 8.35%
5-Year Change 77.81%
10-Year Change 155.12%
Growth Volatility 8.26

California Water Service Group - Net Assets Trend (1994–2024)

This chart illustrates how California Water Service Group's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for California Water Service Group (1994–2024)

The table below shows the annual net assets of California Water Service Group from 1994 to 2024.

Year Net Assets Change
2024-12-31 $1.64 Billion +14.54%
2023-12-31 $1.43 Billion +8.16%
2022-12-31 $1.32 Billion +12.84%
2021-12-31 $1.17 Billion +27.20%
2020-12-31 $921.34 Million +18.14%
2019-12-31 $779.91 Million +6.81%
2018-12-31 $730.16 Million +5.29%
2017-12-31 $693.46 Million +5.15%
2016-12-31 $659.47 Million +2.70%
2015-12-31 $642.15 Million +2.48%
2014-12-31 $626.63 Million +4.65%
2013-12-31 $598.76 Million +26.40%
2012-12-31 $473.71 Million +5.31%
2011-12-31 $449.83 Million +3.28%
2010-12-31 $435.53 Million +3.54%
2009-12-31 $420.63 Million +4.39%
2008-12-31 $402.95 Million +3.54%
2007-12-31 $389.18 Million +1.94%
2006-12-31 $381.78 Million +28.36%
2005-12-31 $297.42 Million +2.18%
2004-12-31 $291.08 Million +17.37%
2003-12-31 $248.00 Million +22.35%
2002-12-31 $202.69 Million +1.30%
2001-12-31 $200.09 Million -1.09%
2000-12-31 $202.31 Million +11.96%
1999-12-31 $180.70 Million +4.88%
1998-12-31 $172.30 Million +2.80%
1997-12-31 $167.60 Million +6.28%
1996-12-31 $157.70 Million +4.85%
1995-12-31 $150.40 Million +1.69%
1994-12-31 $147.90 Million --

Equity Component Analysis

This analysis shows how different components contribute to California Water Service Group'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 564.3% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings $674.92 Million 41.20%
Common Stock $595.00K 0.04%
Other Comprehensive Income $-7.22 Million -0.44%
Other Components $969.99 Million 59.21%
Total Equity $1.64 Billion 100.00%

California Water Service Group Competitors by Market Cap

The table below lists competitors of California Water Service Group ranked by their market capitalization.

Company Market Cap
Patterson Companies Inc
NASDAQ:PDCO
 		$2.62 Billion
Navin Fluorine International Limited
NSE:NAVINFLUOR
 		$2.62 Billion
Axcelis Technologies Inc
NASDAQ:ACLS
 		$2.62 Billion
Shanghai International Port Group Co Ltd
SHG:600018
 		$2.63 Billion
Jumbo SA
F:5JB
 		$2.62 Billion
JD Logistics Inc
PINK:JDLGF
 		$2.62 Billion
Banco del Bajío S.A. Institución de Banca Múltiple
PINK:BBAJF
 		$2.62 Billion
21Vianet Group Inc
F:217A
 		$2.62 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in California Water Service Group's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 1,426,733,000 to 1,638,286,000, a change of 211,553,000 (14.8%).
  • Net income of 190,807,000 contributed positively to equity growth.
  • Dividend payments of 65,462,000 reduced retained earnings.
  • Share repurchases of 1,435,000 reduced equity.
  • New share issuances of 89,033,000 increased equity.
  • Other comprehensive income decreased equity by 7,217,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income $190.81 Million +11.65%
Dividends Paid $65.46 Million -4.0%
Share Repurchases $1.44 Million -0.09%
Share Issuances $89.03 Million +5.43%
Other Comprehensive Income $-7.22 Million -0.44%
Other Changes $5.83 Million +0.36%
Total Change $- 14.83%

Book Value vs Market Value Analysis

This analysis compares California Water Service Group'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: 1.59x
  • The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
  • The price-to-book ratio has decreased from 6.98x to 1.59x 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 $6.35 $44.34 x
1995-12-31 $6.02 $44.34 x
1996-12-31 $6.26 $44.34 x
1997-12-31 $6.55 $44.34 x
1998-12-31 $5.74 $44.34 x
1999-12-31 $5.97 $44.34 x
2000-12-31 $6.69 $44.34 x
2001-12-31 $6.59 $44.34 x
2002-12-31 $6.67 $44.34 x
2003-12-31 $7.79 $44.34 x
2004-12-31 $8.21 $44.34 x
2005-12-31 $8.08 $44.34 x
2006-12-31 $10.09 $44.34 x
2007-12-31 $9.41 $44.34 x
2008-12-31 $9.72 $44.34 x
2009-12-31 $10.13 $44.34 x
2010-12-31 $10.46 $44.34 x
2011-12-31 $10.77 $44.34 x
2012-12-31 $11.31 $44.34 x
2013-12-31 $12.90 $44.34 x
2014-12-31 $13.10 $44.34 x
2015-12-31 $13.41 $44.34 x
2016-12-31 $13.75 $44.34 x
2017-12-31 $14.44 $44.34 x
2018-12-31 $15.19 $44.34 x
2019-12-31 $16.19 $44.34 x
2020-12-31 $18.70 $44.34 x
2021-12-31 $22.59 $44.34 x
2022-12-31 $24.24 $44.34 x
2023-12-31 $25.04 $44.34 x
2024-12-31 $27.93 $44.34 x

Capital Efficiency Dashboard

This dashboard shows how efficiently California Water Service Group 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): 11.65%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 18.40%
  • • Asset Turnover: 0.20x
  • • Equity Multiplier: 3.16x
  • Recent ROE (11.65%) is above the historical average (9.07%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1994 9.74% 9.15% 0.34x 3.14x $-390.00K
1995 9.77% 8.90% 0.34x 3.22x $-340.00K
1996 12.11% 10.45% 0.36x 3.25x $3.33 Million
1997 13.90% 11.93% 0.37x 3.17x $6.54 Million
1998 10.68% 9.88% 0.34x 3.18x $1.17 Million
1999 11.01% 9.64% 0.35x 3.25x $1.83 Million
2000 9.87% 8.15% 0.37x 3.29x $-267.90K
2001 7.48% 6.06% 0.35x 3.55x $-5.04 Million
2002 9.41% 7.25% 0.33x 3.95x $-1.20 Million
2003 7.83% 7.01% 0.32x 3.52x $-5.38 Million
2004 8.94% 8.25% 0.33x 3.24x $-3.08 Million
2005 9.15% 8.49% 0.32x 3.35x $-2.52 Million
2006 6.70% 7.64% 0.29x 3.05x $-12.60 Million
2007 8.01% 8.49% 0.31x 3.04x $-7.76 Million
2008 9.88% 9.70% 0.29x 3.52x $-489.90K
2009 9.64% 9.02% 0.29x 3.63x $-1.51 Million
2010 8.65% 8.18% 0.27x 3.89x $-5.90 Million
2011 8.38% 7.52% 0.27x 4.12x $-7.27 Million
2012 10.31% 8.72% 0.28x 4.21x $1.46 Million
2013 7.89% 8.09% 0.30x 3.27x $-12.62 Million
2014 9.05% 9.50% 0.27x 3.49x $-5.92 Million
2015 7.01% 7.65% 0.26x 3.50x $-19.20 Million
2016 7.38% 7.99% 0.25x 3.66x $-17.27 Million
2017 9.69% 10.07% 0.24x 3.95x $-2.17 Million
2018 8.98% 9.39% 0.25x 3.89x $-7.43 Million
2019 8.09% 8.83% 0.22x 4.12x $-14.87 Million
2020 10.51% 12.19% 0.23x 3.68x $4.70 Million
2021 8.67% 12.79% 0.22x 3.11x $-15.53 Million
2022 7.29% 11.34% 0.21x 2.99x $-35.75 Million
2023 3.64% 6.53% 0.17x 3.29x $-90.76 Million
2024 11.65% 18.40% 0.20x 3.16x $26.98 Million

Industry Comparison

This section compares California Water Service Group's net assets metrics with peer companies in the Utilities - Regulated Water industry.

Industry Context

  • Industry: Utilities - Regulated Water
  • Average net assets among peers: $3,540,793,870
  • Average return on equity (ROE) among peers: -41.34%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
California Water Service Group (CWT) $1.70 Billion 9.74% 2.24x $2.62 Billion
American Energy Partners Inc (AEPT) $2.39 Million -209.56% 6.60x $150.58K
Aris Water Solutions Inc (ARIS) $16.05 Million -4.69% 1.06x $577.25 Million
Artesian Resources Corporation (ARTNA) $139.02 Million 9.32% 2.24x $295.24 Million
SIIC Environment Holdings Ltd (AWAEF) $15.29 Billion 3.95% 1.79x $59.96 Million
American Water Works (AWK) $364.50 Million 12.87% 2.79x $26.06 Billion
Beijing Enterprises Water Group Limited (BJWTY) $15.92 Billion 6.81% 1.77x $3.33 Billion
Cadiz Inc (CDZI) $18.97 Million -121.40% 1.43x $284.80 Million
Clean Teq Water Ltd (CNQQF) $3.98 Million -76.35% 2.11x $9.48 Million
Consolidated Water Co Ltd (CWCO) $107.34 Million 7.01% 0.29x $468.34 Million