Intrinsic value of American Water Works - AWK

Previous Close

$85.21

  Intrinsic Value

$31.53

stock screener

  Rating & Target

str. sell

-63%

  Value-price divergence*

-20%

Previous close

$85.21

 
Intrinsic value

$31.53

 
Up/down potential

-63%

 
Rating

str. sell

 
Value-price divergence*

-20%

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of AWK stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2016), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 15.2

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  4.53
  2.10
  2.39
  2.65
  2.89
  3.10
  3.29
  3.46
  3.61
  3.75
  3.88
  3.99
  4.09
  4.18
  4.26
  4.34
  4.40
  4.46
  4.52
  4.56
  4.61
  4.65
  4.68
  4.71
  4.74
  4.77
  4.79
  4.81
  4.83
  4.85
  4.86
Revenue, $m
  3,302
  3,371
  3,452
  3,543
  3,646
  3,759
  3,882
  4,016
  4,162
  4,318
  4,485
  4,664
  4,855
  5,058
  5,273
  5,502
  5,744
  6,001
  6,272
  6,558
  6,860
  7,179
  7,515
  7,869
  8,243
  8,636
  9,049
  9,485
  9,943
  10,425
  10,932
Variable operating expenses, $m
 
  2,222
  2,272
  2,329
  2,392
  2,462
  2,539
  2,622
  2,712
  2,808
  2,912
  2,888
  3,006
  3,132
  3,266
  3,407
  3,557
  3,716
  3,884
  4,061
  4,248
  4,446
  4,654
  4,873
  5,104
  5,348
  5,604
  5,874
  6,157
  6,456
  6,770
Fixed operating expenses, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  2,222
  2,222
  2,272
  2,329
  2,392
  2,462
  2,539
  2,622
  2,712
  2,808
  2,912
  2,888
  3,006
  3,132
  3,266
  3,407
  3,557
  3,716
  3,884
  4,061
  4,248
  4,446
  4,654
  4,873
  5,104
  5,348
  5,604
  5,874
  6,157
  6,456
  6,770
Operating income, $m
  1,080
  1,149
  1,180
  1,215
  1,254
  1,297
  1,344
  1,395
  1,450
  1,509
  1,573
  1,776
  1,848
  1,926
  2,008
  2,095
  2,187
  2,285
  2,388
  2,497
  2,612
  2,733
  2,861
  2,996
  3,138
  3,288
  3,445
  3,611
  3,786
  3,969
  4,162
EBITDA, $m
  1,550
  1,698
  1,739
  1,785
  1,836
  1,893
  1,955
  2,023
  2,096
  2,175
  2,259
  2,349
  2,445
  2,547
  2,656
  2,771
  2,893
  3,022
  3,159
  3,303
  3,455
  3,616
  3,785
  3,963
  4,151
  4,349
  4,558
  4,777
  5,008
  5,251
  5,506
Interest expense (income), $m
  327
  341
  356
  372
  389
  409
  431
  454
  480
  508
  538
  570
  605
  641
  680
  722
  766
  812
  862
  914
  969
  1,027
  1,088
  1,153
  1,221
  1,293
  1,368
  1,448
  1,532
  1,620
  1,713
Earnings before tax, $m
  770
  808
  823
  843
  864
  888
  913
  940
  970
  1,001
  1,035
  1,205
  1,244
  1,284
  1,327
  1,373
  1,421
  1,472
  1,526
  1,583
  1,643
  1,706
  1,773
  1,843
  1,917
  1,995
  2,077
  2,163
  2,254
  2,349
  2,450
Tax expense, $m
  302
  218
  222
  228
  233
  240
  246
  254
  262
  270
  279
  325
  336
  347
  358
  371
  384
  397
  412
  427
  444
  461
  479
  498
  518
  539
  561
  584
  609
  634
  661
Net income, $m
  468
  590
  601
  615
  631
  648
  666
  686
  708
  731
  755
  880
  908
  937
  969
  1,002
  1,037
  1,075
  1,114
  1,156
  1,199
  1,246
  1,294
  1,345
  1,400
  1,456
  1,516
  1,579
  1,645
  1,715
  1,788

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  75
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  18,482
  18,834
  19,284
  19,796
  20,367
  20,998
  21,688
  22,438
  23,249
  24,121
  25,056
  26,056
  27,121
  28,255
  29,460
  30,737
  32,091
  33,523
  35,037
  36,636
  38,324
  40,105
  41,983
  43,963
  46,048
  48,244
  50,555
  52,989
  55,549
  58,242
  61,074
Adjusted assets (=assets-cash), $m
  18,407
  18,834
  19,284
  19,796
  20,367
  20,998
  21,688
  22,438
  23,249
  24,121
  25,056
  26,056
  27,121
  28,255
  29,460
  30,737
  32,091
  33,523
  35,037
  36,636
  38,324
  40,105
  41,983
  43,963
  46,048
  48,244
  50,555
  52,989
  55,549
  58,242
  61,074
Revenue / Adjusted assets
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
Average production assets, $m
  8,362
  8,536
  8,740
  8,972
  9,231
  9,517
  9,830
  10,170
  10,537
  10,932
  11,356
  11,809
  12,292
  12,806
  13,352
  13,931
  14,544
  15,193
  15,880
  16,604
  17,370
  18,177
  19,028
  19,925
  20,870
  21,865
  22,913
  24,016
  25,176
  26,397
  27,681
Working capital, $m
  -1,608
  -266
  -273
  -280
  -288
  -297
  -307
  -317
  -329
  -341
  -354
  -368
  -384
  -400
  -417
  -435
  -454
  -474
  -495
  -518
  -542
  -567
  -594
  -622
  -651
  -682
  -715
  -749
  -786
  -824
  -864
Total debt, $m
  7,182
  7,422
  7,745
  8,112
  8,521
  8,973
  9,468
  10,006
  10,587
  11,213
  11,883
  12,600
  13,364
  14,177
  15,041
  15,957
  16,927
  17,954
  19,039
  20,186
  21,397
  22,674
  24,020
  25,439
  26,934
  28,509
  30,166
  31,911
  33,746
  35,677
  37,708
Total liabilities, $m
  13,264
  13,504
  13,827
  14,194
  14,603
  15,055
  15,550
  16,088
  16,669
  17,295
  17,965
  18,682
  19,446
  20,259
  21,123
  22,039
  23,009
  24,036
  25,121
  26,268
  27,479
  28,756
  30,102
  31,521
  33,016
  34,591
  36,248
  37,993
  39,828
  41,759
  43,790
Total equity, $m
  5,218
  5,330
  5,458
  5,602
  5,764
  5,942
  6,138
  6,350
  6,579
  6,826
  7,091
  7,374
  7,675
  7,996
  8,337
  8,699
  9,082
  9,487
  9,915
  10,368
  10,846
  11,350
  11,881
  12,441
  13,032
  13,653
  14,307
  14,996
  15,720
  16,482
  17,284
Total liabilities and equity, $m
  18,482
  18,834
  19,285
  19,796
  20,367
  20,997
  21,688
  22,438
  23,248
  24,121
  25,056
  26,056
  27,121
  28,255
  29,460
  30,738
  32,091
  33,523
  35,036
  36,636
  38,325
  40,106
  41,983
  43,962
  46,048
  48,244
  50,555
  52,989
  55,548
  58,241
  61,074
Debt-to-equity ratio
  1.376
  1.390
  1.420
  1.450
  1.480
  1.510
  1.540
  1.580
  1.610
  1.640
  1.680
  1.710
  1.740
  1.770
  1.800
  1.830
  1.860
  1.890
  1.920
  1.950
  1.970
  2.000
  2.020
  2.040
  2.070
  2.090
  2.110
  2.130
  2.150
  2.160
  2.180
Adjusted equity ratio
  0.283
  0.283
  0.283
  0.283
  0.283
  0.283
  0.283
  0.283
  0.283
  0.283
  0.283
  0.283
  0.283
  0.283
  0.283
  0.283
  0.283
  0.283
  0.283
  0.283
  0.283
  0.283
  0.283
  0.283
  0.283
  0.283
  0.283
  0.283
  0.283
  0.283
  0.283

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  468
  590
  601
  615
  631
  648
  666
  686
  708
  731
  755
  880
  908
  937
  969
  1,002
  1,037
  1,075
  1,114
  1,156
  1,199
  1,246
  1,294
  1,345
  1,400
  1,456
  1,516
  1,579
  1,645
  1,715
  1,788
Depreciation, amort., depletion, $m
  470
  549
  559
  570
  583
  596
  612
  628
  646
  665
  686
  573
  597
  622
  648
  676
  706
  738
  771
  806
  843
  882
  924
  967
  1,013
  1,061
  1,112
  1,166
  1,222
  1,281
  1,344
Funds from operations, $m
  1,232
  1,139
  1,160
  1,185
  1,213
  1,244
  1,278
  1,315
  1,354
  1,396
  1,441
  1,453
  1,505
  1,559
  1,617
  1,678
  1,743
  1,812
  1,885
  1,962
  2,043
  2,128
  2,218
  2,313
  2,413
  2,518
  2,628
  2,745
  2,868
  2,996
  3,132
Change in working capital, $m
  -44
  -5
  -6
  -7
  -8
  -9
  -10
  -11
  -11
  -12
  -13
  -14
  -15
  -16
  -17
  -18
  -19
  -20
  -21
  -23
  -24
  -25
  -27
  -28
  -29
  -31
  -33
  -34
  -36
  -38
  -40
Cash from operations, $m
  1,276
  1,144
  1,166
  1,193
  1,222
  1,253
  1,288
  1,325
  1,365
  1,408
  1,454
  1,467
  1,520
  1,575
  1,634
  1,696
  1,763
  1,832
  1,906
  1,984
  2,066
  2,153
  2,244
  2,341
  2,442
  2,549
  2,661
  2,779
  2,904
  3,035
  3,172
Maintenance CAPEX, $m
  0
  -406
  -414
  -424
  -436
  -448
  -462
  -477
  -494
  -512
  -531
  -551
  -573
  -597
  -622
  -648
  -676
  -706
  -738
  -771
  -806
  -843
  -882
  -924
  -967
  -1,013
  -1,061
  -1,112
  -1,166
  -1,222
  -1,281
New CAPEX, $m
  -1,311
  -175
  -204
  -232
  -259
  -286
  -313
  -340
  -367
  -395
  -424
  -453
  -483
  -514
  -546
  -579
  -613
  -649
  -686
  -725
  -765
  -807
  -851
  -897
  -945
  -995
  -1,048
  -1,103
  -1,160
  -1,221
  -1,284
Cash from investing activities, $m
  -1,587
  -581
  -618
  -656
  -695
  -734
  -775
  -817
  -861
  -907
  -955
  -1,004
  -1,056
  -1,111
  -1,168
  -1,227
  -1,289
  -1,355
  -1,424
  -1,496
  -1,571
  -1,650
  -1,733
  -1,821
  -1,912
  -2,008
  -2,109
  -2,215
  -2,326
  -2,443
  -2,565
Free cash flow, $m
  -311
  564
  548
  537
  527
  519
  513
  508
  504
  502
  500
  463
  463
  464
  466
  469
  473
  477
  483
  488
  495
  503
  511
  520
  530
  540
  552
  564
  578
  592
  607
Issuance/(repayment) of debt, $m
  630
  315
  323
  367
  410
  452
  495
  538
  581
  625
  670
  717
  764
  813
  864
  916
  970
  1,027
  1,086
  1,147
  1,210
  1,277
  1,347
  1,419
  1,495
  1,574
  1,658
  1,744
  1,836
  1,931
  2,031
Issuance/(repurchase) of shares, $m
  -65
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  602
  315
  323
  367
  410
  452
  495
  538
  581
  625
  670
  717
  764
  813
  864
  916
  970
  1,027
  1,086
  1,147
  1,210
  1,277
  1,347
  1,419
  1,495
  1,574
  1,658
  1,744
  1,836
  1,931
  2,031
Total cash flow (excl. dividends), $m
  291
  879
  871
  903
  937
  972
  1,008
  1,046
  1,085
  1,127
  1,170
  1,180
  1,227
  1,278
  1,330
  1,385
  1,443
  1,504
  1,568
  1,635
  1,706
  1,780
  1,857
  1,939
  2,025
  2,115
  2,210
  2,309
  2,413
  2,523
  2,638
Retained Cash Flow (-), $m
  -169
  -112
  -127
  -145
  -162
  -179
  -195
  -212
  -229
  -247
  -265
  -283
  -302
  -321
  -341
  -362
  -383
  -405
  -428
  -453
  -478
  -504
  -531
  -560
  -590
  -621
  -654
  -689
  -724
  -762
  -802
Prev. year cash balance distribution, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  767
  743
  758
  775
  793
  813
  834
  856
  880
  906
  897
  926
  957
  989
  1,024
  1,060
  1,099
  1,140
  1,183
  1,228
  1,276
  1,326
  1,379
  1,435
  1,494
  1,555
  1,620
  1,689
  1,761
  1,836
Discount rate, %
 
  8.70
  9.14
  9.59
  10.07
  10.57
  11.10
  11.66
  12.24
  12.85
  13.50
  14.17
  14.88
  15.62
  16.41
  17.23
  18.09
  18.99
  19.94
  20.94
  21.98
  23.08
  24.24
  25.45
  26.72
  28.06
  29.46
  30.93
  32.48
  34.11
  35.81
PV of cash for distribution, $m
 
  705
  624
  576
  528
  480
  432
  385
  340
  296
  255
  209
  175
  145
  118
  94
  74
  57
  43
  32
  23
  16
  11
  7
  5
  3
  2
  1
  1
  0
  0
Current shareholders' claim on cash, %
  100
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

American Water Works Company, Inc. is a holding company for regulated and market-based subsidiaries throughout the United States and Ontario, Canada. The Company's Regulated Businesses segment provides water and wastewater services as public utilities in 16 states in the United States as of December 31, 2016. The Market-Based Businesses consists of four segments, including Military Services Group, which conducts operation and maintenance (O&M) of water and wastewater systems for military bases; Contract Operations Group, which conducts O&M of water and wastewater facilities for municipalities and the food and beverage industry; Homeowner Services Group, which primarily provides water and sewer line protection plans for homeowners, and Keystone, which provides water services for natural gas exploration and production companies. The Company, through its subsidiary, American Water Works Service Company, Inc. provides support and operational services for its operating subsidiaries.

FINANCIAL RATIOS  of  American Water Works (AWK)

Valuation Ratios
P/E Ratio 32.4
Price to Sales 4.6
Price to Book 2.9
Price to Tangible Book
Price to Cash Flow 11.9
Price to Free Cash Flow -433.6
Growth Rates
Sales Growth Rate 4.5%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 13%
Cap. Spend. - 3 Yr. Gr. Rate 6%
Financial Strength
Quick Ratio 0
Current Ratio 0.2
LT Debt to Equity 110.4%
Total Debt to Equity 137.6%
Interest Coverage 3
Management Effectiveness
Return On Assets 3.7%
Ret/ On Assets - 3 Yr. Avg. 3.9%
Return On Total Capital 3.9%
Ret/ On T. Cap. - 3 Yr. Avg. 4%
Return On Equity 9.1%
Return On Equity - 3 Yr. Avg. 9.1%
Asset Turnover 0.2
Profitability Ratios
Gross Margin 0%
Gross Margin - 3 Yr. Avg. 0%
EBITDA Margin 47.5%
EBITDA Margin - 3 Yr. Avg. 47.9%
Operating Margin 32.7%
Oper. Margin - 3 Yr. Avg. 33.3%
Pre-Tax Margin 23.3%
Pre-Tax Margin - 3 Yr. Avg. 23.9%
Net Profit Margin 14.2%
Net Profit Margin - 3 Yr. Avg. 14.4%
Effective Tax Rate 39.2%
Eff/ Tax Rate - 3 Yr. Avg. 39.3%
Payout Ratio 55.8%

AWK stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the AWK stock intrinsic value calculation we used $3302 million for the last fiscal year's total revenue generated by American Water Works. The default revenue input number comes from 2016 income statement of American Water Works. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our AWK stock valuation model: a) initial revenue growth rate of 2.1% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 8.7%, whose default value for AWK is calculated based on our internal credit rating of American Water Works, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of American Water Works.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of AWK stock the variable cost ratio is equal to 66%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for AWK stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 4.8% for American Water Works.

Corporate tax rate of 27% is the nominal tax rate for American Water Works. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the AWK stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for AWK are equal to 253.2%.

Life of production assets of 20.6 years is the average useful life of capital assets used in American Water Works operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for AWK is equal to -7.9%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $5218 million for American Water Works - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 178.868 million for American Water Works is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of American Water Works at the current share price and the inputted number of shares is $15.2 billion.

RELATED COMPANIES Price Int.Val. Rating
WTR Aqua America 34.90 12.89  str.sell
ARTNA Artesian Resou 42.36 38.85  hold
CTWS Connecticut Wa 62.77 31.50  sell
YORW York Water 36.80 12.08  str.sell
CWT California Wat 41.75 44.89  buy
MSEX Middlesex Wate 44.69 19.45  sell
AWR American State 53.52 20.06  str.sell
SJW SJW Group 62.78 82.43  str.buy

COMPANY NEWS

▶ 3 Stocks to Buy and Hold for 100 Years   [06:03AM  Motley Fool]
▶ 2 Dividend Stocks You Can Buy and Hold Forever   [Sep-10-17 07:10AM  Motley Fool]
▶ 5 Top Dividend Stocks in Water   [Aug-19-17 10:31AM  Motley Fool]
▶ How American Water Works Makes Most of Its Money   [Aug-12-17 10:32AM  Motley Fool]
▶ 3 Stocks to Hold for the Next 50 Years   [Aug-03-17 07:17PM  Motley Fool]
▶ American Water Works misses 2Q profit forecasts   [Aug-02-17 10:54PM  Associated Press]
▶ American Water Declares Quarterly Dividend   [Jul-28-17 12:48PM  Business Wire]
▶ Missouri American Water Files Rate Request   [Jun-30-17 04:36PM  Business Wire]
▶ Better Buy: Aqua America, Inc. vs. American Water Works   [Jun-28-17 11:15AM  Motley Fool]
Financial statements of AWK
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

FREE DOWNLOAD
Follow us on:   twitter   twitter   twitter   twitter

VALUATION THEORY       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2017. All rigths reserved.