Consolidated Water (CWCO)
NASDAQ:CWCO
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Consolidated Water Co
(NASDAQ:CWCO)
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Rating:64Neutral
Price Target:
$34.00
▼(-4.49% Downside)
Action:ReiteratedDate:03/18/26
CWCO’s score is driven by strong financial footing (low leverage, strong liquidity) and a largely constructive earnings update highlighting operational growth and project pipeline. These positives are tempered by weak technical momentum (price below major moving averages with bearish MACD and oversold readings) and near-term execution/timing risks from deferred Services construction revenue and margin pressure; valuation support is limited by an unusable P/E input despite a modest dividend yield.
Positive Factors
Balance sheet & liquidity
Very strong liquidity and minimal leverage provide durable financial flexibility. With substantial cash and working capital, the company can fund capex, absorb project timing shifts, maintain the raised dividend, bid competitively on O&M contracts, and avoid refinancing stress during revenue cycles.
Negative Factors
Services revenue timing risk
Heavy reliance on episodic construction awards makes reported revenue sensitive to project timing and permit approvals. When major projects complete or are delayed, consolidated revenue and cash flow can swing materially year-to-year, reducing earnings visibility and complicating capacity planning.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet & liquidity
Very strong liquidity and minimal leverage provide durable financial flexibility. With substantial cash and working capital, the company can fund capex, absorb project timing shifts, maintain the raised dividend, bid competitively on O&M contracts, and avoid refinancing stress during revenue cycles.
Read all positive factors
Consolidated Water Co (CWCO) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$512.29M
Dividend Yield1.4%
Average Volume (3M)165.22K
Price to Earnings (P/E)30.6
Beta (1Y)0.65
Revenue Growth-17.62%
EPS Growth-54.25%
CountryUS
Employees307
SectorUtilities
Sector Strength65
IndustryRegulated Water
Share Statistics
EPS (TTM)0.19
Shares Outstanding15,964,209
10 Day Avg. Volume307,447
30 Day Avg. Volume165,220
Financial Highlights & Ratios
PEG Ratio-0.87
Price to Book (P/B)<0.01
Price to Sales (P/S)4.25
P/FCF Ratio16.94
Enterprise Value/Market Cap-240.25K
Enterprise Value/Revenue-931.90K
Enterprise Value/Gross Profit-2.54M
Enterprise Value/Ebitda-4.76M
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.56
Revenue Forecast (FY)$189.90M
Consolidated Water Co Business Overview & Revenue Model
Company Description
Consolidated Water Co. Ltd., together with its subsidiaries, designs, constructs, manages, and operates water production and water treatment plants primarily in the Cayman Islands, the Bahamas, and the United States. The company operates through f...
How the Company Makes Money
CWCO primarily makes money through (1) selling potable water produced from its desalination plants and (2) providing water-related services and project work. A key revenue stream is bulk water sales under long-term supply arrangements in which CWC...
Consolidated Water Co Earnings Call Summary
Earnings Call Date:Mar 16, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 18, 2026
Earnings Call Sentiment Positive
The call presents a largely constructive financial and operational position: strong liquidity, record retail volumes in 2025, manufacturing capacity expansion, recurring O&M growth, and awarded projects that should support near-term revenue. However, notable near-term headwinds include a material Services construction revenue decline driven by completed projects and a permitting delay in Hawaii that deferred expected revenue, a drop in net income attributable when including discontinued operations, margin-percentage pressure, and some receivable uncertainty in the Bahamas. On balance, the positives (cash strength, operational wins, recurring revenue growth and project awards) outweigh the temporary challenges tied to timing and project permitting.Positive Updates
Solid Liquidity and Balance Sheet Strength
Cash and cash equivalents of $123.8M as of 12/31/2025; working capital $141.9M and stockholders' equity $221.7M. Cash increased by $24.4M and working capital increased by $9.1M year-over-year. No significant outstanding debt.
Negative Updates
Consolidated Revenue Slightly Declined
Total 2025 revenue was $132.1M, a 1% decrease from 2024, primarily due to lower Services segment construction revenue and a modest decrease in Bulk revenue.
Read all updates
Q4-2025 Updates
Positive
Negative
Solid Liquidity and Balance Sheet Strength
Cash and cash equivalents of $123.8M as of 12/31/2025; working capital $141.9M and stockholders' equity $221.7M. Cash increased by $24.4M and working capital increased by $9.1M year-over-year. No significant outstanding debt.
Read all positive updates
Company Guidance
Management guided that consolidated 2025 revenue was $132.1 million (‑1% y/y) with gross profit of $48.4 million (30% of revenue) and net income from continuing operations of $18.6 million ($1.16 diluted); cash and cash equivalents were $123.8 million, working capital $141.9 million and stockholders’ equity $221.7 million (cash +$24.4M, working capital +$9.1M y/y), with no significant debt. They said Services revenue will remain below the record until construction of the 1.7 MGD Kalaeloa, Hawaii desalination project (100% design complete; pilot testing done) resumes later this year after a state historic‑preservation permit delay, which will shift construction revenue and cash into future periods. Near‑term operating metrics include Retail revenue up 6.6% to $33.6M on record sales of 1.09 billion gallons (+8.3%) and ~7% more customer accounts, O&M revenue up 9% to $32.1M, Manufacturing revenue up 6% to $18.7M after adding 17,500 sq ft (total 47,500), Services construction revenue down to $13.5M from $18.6M in 2024, two new awarded projects totaling $15.6M expected to be recognized mainly this year, projected capex of ~$11.1M for the balance of 2025 (including ~$1M in 1H26), CW‑Bahamas AR down to $20.7M (from $28.4M) with a WSC receivable of $22.6M as of Feb. 28, and a quarterly dividend raised 27.3% to $0.14 per share (≈$2.3M paid Jan. 2026).Consolidated Water Co Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
86
Very Positive
Cash Flow
74
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 132.07M | 133.97M | 180.21M | 94.10M | 66.86M |
| Gross Profit | 47.57M | 45.62M | 61.93M | 30.36M | 23.51M |
| EBITDA | 25.88M | 27.47M | 44.72M | 15.97M | 10.57M |
| Net Income | 18.34M | 28.24M | 29.59M | 5.86M | 875.58K |
Balance Sheet | |||||
| Total Assets | 10.00T> | 243.31M | 218.44M | 193.01M | 176.35M |
| Cash, Cash Equivalents and Short-Term Investments | 10.00T> | 99.35M | 42.62M | 50.71M | 42.86M |
| Total Debt | 708.60B | 3.46M | 2.67M | 2.47M | 2.94M |
| Total Liabilities | 30.89T | 28.00M | 26.61M | 25.24M | 10.69M |
| Stockholders Equity | 10.00T> | 209.96M | 186.83M | 159.67M | 157.58M |
Cash Flow | |||||
| Free Cash Flow | 33.17M | 29.82M | 2.92M | 13.79M | 5.48M |
| Operating Cash Flow | 41.71M | 36.52M | 7.97M | 21.33M | 6.97M |
| Investing Cash Flow | -8.44M | 26.96M | -10.89M | -4.98M | -3.94M |
| Financing Cash Flow | -8.95M | -6.71M | -5.52M | -6.30M | -5.86M |
Consolidated Water Co Technical Analysis
Negative
35.60
Price Trends
35.99
Negative
35.50
Negative
33.71
Negative
Market Momentum
-1.30
Positive
36.10
Neutral
47.84
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CWCO, the sentiment is Negative. The current price of 35.6 is above the 20-day moving average (MA) of 34.00, below the 50-day MA of 35.99, and above the 200-day MA of 33.71, indicating a bearish trend. The MACD of -1.30 indicates Positive momentum. The RSI at 36.10 is Neutral, neither overbought nor oversold. The STOCH value of 47.84 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CWCO.
Consolidated Water Co Risk Analysis
Consolidated Water Co disclosed 20 risk factors in its most recent earnings report. Consolidated Water Co reported the most risks in the "Production" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Consolidated Water Co Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | $333.62M | 14.28 | 9.26% | 3.87% | 5.80% | 12.33% | |
67 Neutral | $959.44M | 26.96 | 9.08% | 2.67% | 6.24% | 3.35% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
64 Neutral | $512.29M | 30.64 | ― | 1.40% | -17.62% | -54.25% | |
58 Neutral | $2.68B | 20.13 | 7.68% | 2.88% | -2.60% | -33.78% | |
58 Neutral | $436.78M | 22.20 | 8.49% | 2.68% | 3.63% | -5.82% | |
54 Neutral | $211.94M | -59.29 | 3.58% | 3.56% | 7.06% | -38.94% |
* Utilities Sector Average
CWCO
Consolidated Water Co
32.09
8.06
33.52%
ARTNA
Artesian Resources
32.06
0.60
1.90%
CWT
California Water Service
45.01
-1.97
-4.20%
MSEX
Middlesex Water Company
51.80
-10.05
-16.25%
YORW
The York Water Company
30.23
-3.47
-10.29%
GWRS
Global Water Resources
7.37
-2.59
-25.99%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.