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PCYO 
Pure Cycle Corporation (PCYO)
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Upturn Advisory Summary
10/31/2025: PCYO (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type Stock | Historic Profit 13.81% | Avg. Invested days 43 | Today’s Advisory WEAK BUY |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 10/31/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 257.38M USD | Price to earnings Ratio 18.12 | 1Y Target Price 6.55 |
Price to earnings Ratio 18.12 | 1Y Target Price 6.55 | ||
Volume (30-day avg) - | Beta 1.32 | 52 Weeks Range 9.10 - 14.63 | Updated Date 06/29/2025 |
52 Weeks Range 9.10 - 14.63 | Updated Date 06/29/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.59 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 47.39% | Operating Margin (TTM) -33.22% |
Management Effectiveness
Return on Assets (TTM) 4.93% | Return on Equity (TTM) 11.13% |
Valuation
Trailing PE 18.12 | Forward PE - | Enterprise Value 248784515 | Price to Sales(TTM) 8.6 |
Enterprise Value 248784515 | Price to Sales(TTM) 8.6 | ||
Enterprise Value to Revenue 8.32 | Enterprise Value to EBITDA 11.5 | Shares Outstanding 24076300 | Shares Floating 18392852 |
Shares Outstanding 24076300 | Shares Floating 18392852 | ||
Percent Insiders 3.28 | Percent Institutions 67.12 |
Upturn AI SWOT
Pure Cycle Corporation
Company Overview
History and Background
Pure Cycle Corporation was founded in 1987. Originally focused on oil and gas exploration, it has transitioned to become a water and wastewater resource company, primarily developing the Sky Ranch community near Denver, Colorado. Significant milestones include securing water rights and expanding its infrastructure to support residential and commercial growth.
Core Business Areas
- Water and Wastewater Services: Provides water and wastewater services to residential and commercial customers, primarily within the Sky Ranch development. This includes water treatment, distribution, and wastewater collection and treatment.
- Land Development: Develops and sells residential lots within the Sky Ranch community, including land planning, infrastructure construction, and marketing.
Leadership and Structure
Mark Harding serves as the CEO. The company has a board of directors overseeing its operations and strategic direction. The organizational structure is relatively lean, reflecting its focus on a specific development project.
Top Products and Market Share
Key Offerings
- Residential Water and Wastewater Services: Provides metered potable water and wastewater services to residents of Sky Ranch. Market share is 100% within Sky Ranch, its primary service area. Competitors are traditional municipal water and sewer services, which are not present in the Sky Ranch development.
- Developed Residential Lots: Sells finished residential lots to home builders within the Sky Ranch development. Market share is limited to Sky Ranch development. Competitors are other land developers in the Denver metropolitan area.
Market Dynamics
Industry Overview
The water and wastewater services industry is highly regulated and essential, providing critical infrastructure for communities. The land development industry is cyclical and dependent on economic conditions and housing demand.
Positioning
Pure Cycle is positioned as a vertically integrated developer and water provider focused on the Sky Ranch community. Its competitive advantage lies in its control over water rights and its integrated approach to development.
Total Addressable Market (TAM)
The TAM for water and wastewater services is vast, encompassing all residential and commercial customers. Pure Cycle's TAM is limited to the Sky Ranch development and potential future expansion. The TAM for land development in the Denver metro area is estimated to be in the billions of dollars, with Pure Cycle capturing a small portion based on their Sky Ranch development.
Upturn SWOT Analysis
Strengths
- Control of valuable water rights
- Vertically integrated operations
- Strong relationships with home builders
- Strategic location near Denver
Weaknesses
- Concentration of operations in a single development
- Dependence on housing market cycles
- Limited brand recognition outside of Sky Ranch
- High capital expenditures required for infrastructure development
Opportunities
- Expansion of Sky Ranch development
- Acquisition of additional water rights
- Diversification into other water-related services
- Partnerships with other developers
Threats
- Drought conditions and water scarcity
- Increased competition from other developers
- Economic downturns and housing market declines
- Changes in regulations affecting water rights
Competitors and Market Share
Key Competitors
- NEE
- AWK
- AWR
Competitive Landscape
Pure Cycle's competitive advantage lies in its vertically integrated model within Sky Ranch. Its disadvantages include its limited geographic scope and dependence on a single development.
Growth Trajectory and Initiatives
Historical Growth: Pure Cycle's growth has been driven by the development of Sky Ranch, with revenue increasing as more lots are sold and water services are expanded.
Future Projections: Future growth is projected to continue as Sky Ranch is further developed. Analyst estimates are unavailable at this time.
Recent Initiatives: Recent initiatives include securing additional water rights, expanding infrastructure within Sky Ranch, and marketing the community to potential residents.
Summary
Pure Cycle Corporation is a unique company focused on water resource management and land development within its Sky Ranch community. Its control of water rights provides a significant advantage, but its reliance on a single development also presents a risk. While not without potential challenges, the company benefits from being located in a strong housing market. Moving forward, diversifying and expanding operations may reduce its sole dependence on Sky Ranch.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company filings
- Analyst reports (where available)
- Industry data
Disclaimers:
This analysis is for informational purposes only and should not be considered investment advice. Financial data should be verified with official company sources.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Pure Cycle Corporation
Exchange NASDAQ | Headquaters Watkins, CO, United States | ||
IPO Launch date 1997-01-02 | President, CEO, Principal Executive Officer & Director Mr. Mark W. Harding | ||
Sector Utilities | Industry Utilities - Regulated Water | Full time employees 39 | Website https://www.purecyclewater.com |
Full time employees 39 | Website https://www.purecyclewater.com | ||
Pure Cycle Corporation provides wholesale water and wastewater services in the United States. It operates in two segments, Wholesale Water and Wastewater Services; and Land Development. The company engages in the wholesale water production, storage, treatment, and distribution systems; wastewater collection and treatment systems; development of master-planned community; and construction and leasing of single-family homes. It serves domestic, commercial, and industrial customers. The company was incorporated in 1976 and is based in Watkins, Colorado.
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