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AWR
Upturn stock ratingUpturn stock rating

American States Water Company (AWR)

Upturn stock ratingUpturn stock rating
$71.75
Last Close (24-hour delay)
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PASS
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Upturn Advisory Summary

09/17/2025: AWR (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

4 Analysts rated it

Very few follow this stock; limited insights, higher-risk early investing.

1 Year Target Price $81.5

1 Year Target Price $81.5

Analysts Price Target For last 52 week
$81.5 Target price
52w Low $68.99
Current$71.75
52w High $85.39

Analysis of Past Performance

Type Stock
Historic Profit -11.06%
Avg. Invested days 47
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 09/17/2025

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 2.75B USD
Price to earnings Ratio 21.93
1Y Target Price 81.5
Price to earnings Ratio 21.93
1Y Target Price 81.5
Volume (30-day avg) 4
Beta 0.63
52 Weeks Range 68.99 - 85.39
Updated Date 09/17/2025
52 Weeks Range 68.99 - 85.39
Updated Date 09/17/2025
Dividends yield (FY) 2.57%
Basic EPS (TTM) 3.26

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 20.26%
Operating Margin (TTM) 31.46%

Management Effectiveness

Return on Assets (TTM) 4.87%
Return on Equity (TTM) 13.82%

Valuation

Trailing PE 21.93
Forward PE 20.53
Enterprise Value 3682882036
Price to Sales(TTM) 4.47
Enterprise Value 3682882036
Price to Sales(TTM) 4.47
Enterprise Value to Revenue 5.98
Enterprise Value to EBITDA 14.69
Shares Outstanding 38509000
Shares Floating 38130494
Shares Outstanding 38509000
Shares Floating 38130494
Percent Insiders 0.8
Percent Institutions 82.43

ai summary icon Upturn AI SWOT

American States Water Company

stock logo

Company Overview

overview logo History and Background

American States Water Company was founded in 1929. Initially focused on water services, it has expanded to include electric services and contracted services to military bases. It has a long history of regulated utility operations in California.

business area logo Core Business Areas

  • Water Service: Provides water services to approximately 261,000 customers in California. This includes providing safe and reliable water supply, distribution, and related services.
  • Electric Service: Provides electric services to approximately 25,000 customers in California. This includes power distribution.
  • Contracted Services: Provides water and wastewater services to military bases throughout the United States under long-term contracts.

leadership logo Leadership and Structure

The company is led by a Board of Directors and an executive management team. Robert J. Sprowls serves as the President and CEO. The organizational structure reflects its regulated utility and contracted services businesses.

Top Products and Market Share

overview logo Key Offerings

  • Regulated Water Services: American States Water's primary offering, providing water to residential, commercial, and industrial customers in California. Market share is substantial within its service areas, though specific figures are not readily available. Competitors include other regulated water utilities and municipal water districts. Revenue from the water service segment represented the majority of total revenue in 2023. Competitors include California Water Service Group.
  • Regulated Electric Services: Supplies electricity in certain areas of California. This represents a smaller portion of overall revenue compared to water services. Competitors include Southern California Edison and Pacific Gas & Electric. Market share is significant in its specific service territory, but the territory is small compared to other utilities.
  • Contracted Services to Military Bases: Provides water and wastewater services to military bases, generating stable, long-term revenue under government contracts. Competitors include Veolia North America and Suez Water North America. Market share is significant in this niche market, often securing sole provider status for base contracts. Specific number of users and revenue are not made public due to contractual agreements.

Market Dynamics

industry overview logo Industry Overview

The water utility industry is characterized by regulated rates, aging infrastructure, and increasing demand due to population growth and urbanization. The industry requires significant capital investment to maintain and upgrade infrastructure and comply with environmental regulations. The electric utility industry faces similar challenges, but also contends with the rise of renewable energy and smart grid technologies.

Positioning

American States Water is a well-established utility company with a strong presence in California. Its competitive advantages include its long history of reliable service, its contracted services business that provides stable revenue, and its access to capital for infrastructure investment.

Total Addressable Market (TAM)

The total addressable market for water and wastewater utilities in the US is estimated to be hundreds of billions of dollars. American States Water is positioned to capture a share of this market through organic growth, acquisitions, and continued investment in infrastructure.

Upturn SWOT Analysis

Strengths

  • Stable, regulated revenue streams
  • Long-term contracts with military bases
  • Strong financial position
  • Experienced management team
  • Geographic focus in California

Weaknesses

  • Dependence on California regulatory environment
  • Exposure to drought conditions
  • High capital expenditure requirements
  • Limited geographic diversification

Opportunities

  • Acquisitions of smaller water and wastewater utilities
  • Expansion of contracted services to additional military bases
  • Investment in infrastructure upgrades
  • Advancements in water conservation technologies
  • Increasing demand for water due to population growth

Threats

  • Changes in regulatory policies
  • Increased competition from other utility companies
  • Droughts and water scarcity
  • Rising interest rates
  • Cybersecurity threats

Competitors and Market Share

competitor logo Key Competitors

  • California Water Service Group (CWT)
  • Essential Utilities (WTRG)
  • SJW Group (SJW)

Competitive Landscape

American States Water competes with other regulated water utilities and municipal water districts. Its competitive advantages include its long history of reliable service, its contracted services business, and its access to capital. It focuses on geographic areas and provides high-quality service. However, competitors such as California Water Service Group, Essential Utilities, and SJW Group are larger in overall market capitalization and scope.

Major Acquisitions

Vineyard Valley Water Company

  • Year: 2021
  • Acquisition Price (USD millions): 13.5
  • Strategic Rationale: Expanded the company's water service territory and customer base in California.

Growth Trajectory and Initiatives

Historical Growth: American States Water has achieved consistent growth through organic expansion, acquisitions, and rate increases. The contracted services business has also contributed to growth.

Future Projections: Analysts project continued growth in revenue and earnings, driven by population growth, infrastructure investment, and rate increases. The contracted services business is expected to provide stable revenue.

Recent Initiatives: Recent initiatives include investments in infrastructure upgrades, water conservation programs, and acquisitions of smaller water utilities.

Summary

American States Water Company is a stable utility with a long history of providing water and electric services. Its contracted services business offers a reliable revenue stream. The company faces challenges related to regulatory oversight, drought conditions, and capital expenditure requirements. Overall, American States Water is a well-managed utility with solid growth prospects.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • SEC Filings (10-K, 10-Q), Company Website, Analyst Reports, MarketWatch

Disclaimers:

The data and analysis provided are for informational purposes only and should not be considered investment advice. Market share data is approximate and may vary depending on the source.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About American States Water Company

Exchange NYSE
Headquaters San Dimas, CA, United States
IPO Launch date 1990-03-26
CEO, President & Director Mr. Robert J. Sprowls C.M.A.
Sector Utilities
Industry Utilities - Regulated Water
Full time employees 517
Full time employees 517

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 approximately 264,600 customers located within approximately 80 communities in Northern, Coastal, and Southern California; and distributes electricity to approximately 24,900 customers in the City of Big Bear Lake and surrounding areas in San Bernardino County, California. It also offers water and/or wastewater services at various military installations. American States Water Company was founded in 1929 and is headquartered in San Dimas, California.