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SJW Group

BST:76W
Snowflake Description

Established dividend payer with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
76W
BST
$2B
Market Cap
  1. Home
  2. DE
  3. Utilities
Company description

SJW Group, through its subsidiaries, provides water utility services in the United States. The last earnings update was 17 days ago. More info.


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76W Share Price and Events
7 Day Returns
0.8%
BST:76W
4.5%
Europe Water Utilities
0%
DE Market
1 Year Returns
8.3%
BST:76W
24.1%
Europe Water Utilities
9.9%
DE Market
76W Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
SJW Group (76W) 0.8% -6.2% 2.6% 8.3% - -
Europe Water Utilities 4.5% 0.6% 13% 24.1% 5.1% 4.9%
DE Market 0% 4.6% 12.1% 9.9% 14.6% 18.2%
1 Year Return vs Industry and Market
  • 76W underperformed the Water Utilities industry which returned 24.1% over the past year.
  • 76W underperformed the Market in Germany which returned 9.9% over the past year.
Price Volatility
76W
Industry
5yr Volatility vs Market

76W Value

 Is SJW Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of SJW Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for SJW Group.

BST:76W Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-09-30) in USD $ 1.28686
Payout Ratio Company Filings (2019-09-30) 3369.2%
Discount Rate (Cost of Equity) See below 5%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BST:76W
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Water Utilities Unlevered Beta Simply Wall St/ S&P Global 0.3
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.301 (1 + (1- 21%) (29.8%))
0.348
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.8 * 5.96%)
5%

Discounted Cash Flow Calculation for BST:76W using Dividend Discount Model Model

The calculations below outline how an intrinsic value for SJW Group is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

BST:76W Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= $1.29 / (5% - 0.23%)
$21.23
BST:76W Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BST:76W represents 0.88684x of NYSE:SJW
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.88684x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 26.99 x 0.88684
€23.94
Value per share (EUR) From above. €23.94
Current discount Discount to share price of €60.50
= -1 x (€60.50 - €23.94) / €23.94
-152.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of SJW Group is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for SJW Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are SJW Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:76W PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $1.39
NYSE:SJW Share Price ** NYSE (2019-11-18) in USD $68.22
Europe Water Utilities Industry PE Ratio Median Figure of 10 Publicly-Listed Water Utilities Companies 17.35x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 20.03x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of SJW Group.

BST:76W PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:SJW Share Price ÷ EPS (both in USD)

= 68.22 ÷ 1.39

49.02x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SJW Group is overvalued based on earnings compared to the Europe Water Utilities industry average.
  • SJW Group is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does SJW Group's expected growth come at a high price?
Raw Data
BST:76W PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 49.02x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
24.9%per year
Global Water Utilities Industry PEG Ratio Median Figure of 37 Publicly-Listed Water Utilities Companies 1.25x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

BST:76W PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 49.02x ÷ 24.9%

1.97x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SJW Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on SJW Group's assets?
Raw Data
BST:76W PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $31.51
NYSE:SJW Share Price * NYSE (2019-11-18) in USD $68.22
Europe Water Utilities Industry PB Ratio Median Figure of 10 Publicly-Listed Water Utilities Companies 1.68x
Germany Market PB Ratio Median Figure of 577 Publicly-Listed Companies 1.84x
BST:76W PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:SJW Share Price ÷ Book Value per Share (both in USD)

= 68.22 ÷ 31.51

2.17x

* Primary Listing of SJW Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SJW Group is overvalued based on assets compared to the Europe Water Utilities industry average.
X
Value checks
We assess SJW Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Water Utilities industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Water Utilities industry average (and greater than 0)? (1 check)
  5. SJW Group has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

76W Future Performance

 How is SJW Group expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
24.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is SJW Group expected to grow at an attractive rate?
  • SJW Group's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • SJW Group's earnings growth is expected to exceed the Germany market average.
  • SJW Group's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
BST:76W Future Growth Rates Data Sources
Data Point Source Value (per year)
BST:76W Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 24.9%
BST:76W Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 10.6%
Europe Water Utilities Industry Earnings Growth Rate Market Cap Weighted Average -0.6%
Europe Water Utilities Industry Revenue Growth Rate Market Cap Weighted Average 0.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BST:76W Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BST:76W Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 512 157 66 3
2020-12-31 512 143 63 4
2019-12-31 426 121 41 3
2019-11-18
BST:76W Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 393 109 38
2019-06-30 404 96 44
2019-03-31 400 94 43
2018-12-31 398 91 39
2018-09-30 393 87 47
2018-06-30 392 90 51
2018-03-31 395 95 57
2017-12-31 389 101 59
2017-09-30 375 126 56
2017-06-30 363 116 55
2017-03-31 348 110 53
2016-12-31 340 115 53

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • SJW Group's earnings are expected to grow significantly at over 20% yearly.
  • SJW Group's revenue is expected to grow by 10.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BST:76W Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from SJW Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:76W Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 2.55 2.63 2.49 3.00
2020-12-31 2.33 2.34 2.30 3.00
2019-12-31 1.39 1.42 1.36 2.00
2019-11-18
BST:76W Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 1.39
2019-06-30 1.75
2019-03-31 1.87
2018-12-31 1.83
2018-09-30 2.30
2018-06-30 2.48
2018-03-31 2.77
2017-12-31 2.89
2017-09-30 2.71
2017-06-30 2.69
2017-03-31 2.60
2016-12-31 2.59

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • SJW Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess SJW Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
SJW Group has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

76W Past Performance

  How has SJW Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare SJW Group's growth in the last year to its industry (Water Utilities).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • SJW Group's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • SJW Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • SJW Group's 1-year earnings growth is negative, it can't be compared to the Europe Water Utilities industry average.
Earnings and Revenue History
SJW Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from SJW Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:76W Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 393.36 37.71 56.40
2019-06-30 404.22 44.02 54.11
2019-03-31 400.34 43.36 52.35
2018-12-31 397.70 38.77 51.29
2018-09-30 392.51 47.25 52.99
2018-06-30 392.24 51.00 52.55
2018-03-31 395.22 56.82 52.84
2017-12-31 389.23 59.20 52.71
2017-09-30 375.00 55.63 50.12
2017-06-30 362.77 55.05 49.66
2017-03-31 347.64 53.13 48.35
2016-12-31 339.71 52.84 45.85
2016-09-30 348.01 55.30 47.96
2016-06-30 318.62 45.88 47.61
2016-03-31 304.08 36.57 47.54
2015-12-31 305.08 37.88 47.13
2015-09-30 286.76 27.38 45.90
2015-06-30 329.23 56.21 44.37
2015-03-31 327.18 55.60 42.42
2014-12-31 319.67 51.81 40.57
2014-09-30 317.64 50.80 40.96
2014-06-30 277.45 21.38 41.10
2014-03-31 281.33 21.97 41.67
2013-12-31 276.87 22.38 43.71
2013-09-30 272.06 23.63 43.03
2013-06-30 269.19 24.77 43.10
2013-03-31 260.54 22.53 43.76
2012-12-31 261.55 22.32 42.81

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • SJW Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • SJW Group used its assets less efficiently than the Europe Water Utilities industry average last year based on Return on Assets.
  • SJW Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess SJW Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Water Utilities industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
SJW Group has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

76W Health

 How is SJW Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up SJW Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • SJW Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • SJW Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of SJW Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from SJW Group Company Filings, last reported 1 month ago.

BST:76W Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 896.66 573.08 424.70
2019-06-30 894.00 565.86 421.85
2019-03-31 888.29 542.90 419.66
2018-12-31 889.31 531.42 420.72
2018-09-30 474.96 507.34 13.33
2018-06-30 465.29 490.26 8.93
2018-03-31 457.83 470.18 6.95
2017-12-31 463.21 456.09 7.80
2017-09-30 452.47 444.01 7.57
2017-06-30 436.11 430.93 9.22
2017-03-31 421.40 433.52 7.09
2016-12-31 421.65 447.66 6.35
2016-09-30 411.61 439.68 17.66
2016-06-30 396.02 431.72 12.52
2016-03-31 384.20 420.10 8.69
2015-12-31 383.78 415.28 5.24
2015-09-30 371.02 405.71 6.27
2015-06-30 364.70 404.84 5.24
2015-03-31 361.46 396.50 5.42
2014-12-31 360.16 398.15 2.40
2014-09-30 356.56 393.34 5.60
2014-06-30 321.54 387.25 6.02
2014-03-31 319.35 372.41 3.12
2013-12-31 321.18 357.95 2.30
2013-09-30 319.34 342.73 3.22
2013-06-30 313.27 335.84 4.01
2013-03-31 273.46 358.12 2.15
2012-12-31 274.60 356.29 2.52
  • SJW Group's level of debt (63.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (110.3% vs 63.9% today).
  • Debt is not well covered by operating cash flow (19%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4x coverage).
X
Financial health checks
We assess SJW Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. SJW Group has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

76W Dividends

 What is SJW Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.76%
Current annual income from SJW Group dividends. Estimated to be 1.89% next year.
If you bought €2,000 of SJW Group shares you are expected to receive €35 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • SJW Group's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.33%).
  • SJW Group's dividend is below the markets top 25% of dividend payers in Germany (3.68%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BST:76W Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
Europe Water Utilities Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 4.4%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.3%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BST:76W Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 1.38 2.00
2020-12-31 1.28 2.00
2019-12-31 1.20 2.00
2019-11-18
BST:76W Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-11-01 1.200 1.739
2019-10-30 1.200 1.646
2019-07-26 1.200 1.765
2019-07-24 1.200 1.864
2019-01-30 1.200 1.947
2018-07-25 1.120 1.888
2018-04-26 1.120 1.751
2018-01-31 1.120 2.061
2017-11-16 0.870 1.384
2017-10-25 0.870 1.394
2017-04-26 0.870 1.644
2017-01-25 0.870 1.785
2016-10-31 0.810 1.535
2016-10-26 0.810 1.646
2016-08-01 0.810 1.900
2016-07-27 0.810 1.937
2016-01-27 0.810 2.257
2015-10-28 0.780 2.619
2015-08-03 0.780 2.582
2015-07-29 0.780 2.623
2015-01-28 0.780 2.512
2014-10-29 0.750 2.374
2014-04-30 0.750 2.772
2014-01-29 0.750 2.602
2013-10-31 0.730 2.581
2013-10-30 0.730 2.519
2013-04-24 0.730 2.695
2012-10-24 0.710 2.755
2012-07-25 0.710 2.943
2012-04-25 0.710 3.003
2012-01-25 0.710 2.957
2011-10-26 0.690 2.913
2011-07-27 0.690 3.046
2011-04-27 0.690 2.977
2011-01-27 0.690 2.924
2010-10-27 0.680 2.676
2010-07-28 0.680 2.834
2010-04-28 0.680 2.755
2010-01-27 0.680 2.801
2009-10-28 0.660 2.965
2009-07-29 0.660 2.957
2009-05-06 0.660 3.001
2009-01-29 0.660 2.681

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of SJW Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.1x coverage).
X
Income/ dividend checks
We assess SJW Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can SJW Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. SJW Group has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

76W Management

 What is the CEO of SJW Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Eric Thornburg
COMPENSATION $2,792,237
AGE 59
TENURE AS CEO 2 years
CEO Bio

Mr. Eric W. Thornburg has been Chief Executive Officer, President and Director at SJW Group since November 06, 2017 and has been its Chairman of the Board since April 25, 2018. Mr. Thornburg serves as Director of Connecticut Water Service, Inc. since October 9, 2019. Mr. Thornburg served as the Chairman, Chief Executive Officer and President of Connecticut Water Company. Mr. Thornburg served as the Chief Executive Officer and President of Connecticut Water Service, Inc. from March 1, 2006 to September 29, 2017, Chairman from May 08, 2007 to September 28, 2017, employee until October 15, 2017 and Director from January 11, 2006 to September 28, 2017. Mr. Thornburg has served as President and Chief Executive Officer of SJW Land Company and Chief Executive Officer of San Jose Water Company and SJWTX, Inc. since November 6, 2017. He served as the President of Missouri American Water Company, a subsidiary of American Water Works Corporation from 2000 to 2004. He served as the President of Missouri-American Water Company. From July 2004 to January 2006, he served as Central Region Vice President of External Affairs for American Water Works Corporation. He leads all Government and Regulatory Affairs for American Water's central region, spanning 15 states in the Midwest. He has served on the Board of Directors of San Jose Water Company, SJW Land Company and SJWTX, Inc. since November 6, 2017. During his four years at Missouri-American Water Company, he was primarily responsible for growing revenues and net income by approximately 30%. He has also served leadership positions at American Water in Indiana and Pennsylvania. He serves as a Director of Middlesex Hospital and Liberty Bank. He has been a Director at National Association of Water Companies since October 2015. He is active with many community service and business organizations including Habitat for Humanity and the Rotary Club. Mr. Thornburg has a Bachelor's degree from Cornell University and an MBA from Indiana Wesleyan University.

CEO Compensation
  • Eric's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Eric's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the SJW Group management team in years:

5.1
Average Tenure
56
Average Age
  • The average tenure for the SJW Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Eric Thornburg

TITLE
Chairman
COMPENSATION
$3M
AGE
59
TENURE
2 yrs

Jim Lynch

TITLE
CFO & Treasurer
COMPENSATION
$903K
AGE
60
TENURE
9.1 yrs

Suzy Papazian

TITLE
General Counsel & Corporate Secretary
COMPENSATION
$869K
AGE
43
TENURE
5.6 yrs

Palle Jensen

TITLE
Executive Vice President of San Jose Water Company
COMPENSATION
$762K
AGE
59
TENURE
2.6 yrs

Andy Gere

TITLE
President & COO of San Jose Water Company
COMPENSATION
$1M
AGE
53
TENURE
3.7 yrs

Liann Walborsky

TITLE
Director of Corporate Communications

Andrew Walters

TITLE
Chief Administrative Officer of San Jose Water Company
COMPENSATION
$697K
AGE
48
TENURE
5.8 yrs

Wendy Avila-Walker

TITLE
VP of Finance
AGE
56
TENURE
5.1 yrs

Willie Brown

TITLE
Assistant Corporate Secretary & Corporate Attorney
Board of Directors Tenure

Average tenure and age of the SJW Group board of directors in years:

3.8
Average Tenure
66
Average Age
  • The tenure for the SJW Group board of directors is about average.
Board of Directors

Eric Thornburg

TITLE
Chairman
COMPENSATION
$3M
AGE
59
TENURE
1.6 yrs

Doug King

TITLE
Independent Director
COMPENSATION
$179K
AGE
77
TENURE
16.8 yrs

Katharine Armstrong

TITLE
Independent Director
COMPENSATION
$158K
AGE
67
TENURE
10.8 yrs

Daniel More

TITLE
Independent Director
COMPENSATION
$186K
AGE
62
TENURE
4.6 yrs

Robert Van Valer

TITLE
Lead Independent Director
COMPENSATION
$152K
AGE
69

Walter Bishop

TITLE
Independent Director
COMPENSATION
$165K
AGE
67
TENURE
7.8 yrs

Debra Man

TITLE
Independent Director
COMPENSATION
$146K
AGE
65
TENURE
3.8 yrs

Gregory Landis

TITLE
Independent Director
COMPENSATION
$160K
AGE
68
TENURE
3 yrs

Mary Hanley

TITLE
Director
AGE
62
TENURE
0.1 yrs

Heather Hunt

TITLE
Director
AGE
53
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by SJW Group individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
14. Nov 19 Buy Robert Van Valer Individual 12. Nov 19 12. Nov 19 7,500 €61.13 €457,732
X
Management checks
We assess SJW Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. SJW Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

76W News

Simply Wall St News

76W Company Info

Description

SJW Group, through its subsidiaries, provides water utility services in the United States. It engages in the production, purchase, storage, purification, distribution, wholesale, and retail sale of water. The company also provides non-tariffed services, including water system operations, maintenance agreements, and antenna site leases. Its water supply consists of groundwater from wells, surface water from watershed run-off and diversion, reclaimed water, and imported water purchased from the Santa Clara Valley Water District. The company offers water service to approximately 231,000 connections that serve approximately 1 million people residing in portions of the cities of San Jose and Cupertino, as well as in the cities of Campbell, Monte Sereno, Saratoga, and the Town of Los Gatos; and adjacent unincorporated territories in the County of Santa Clara in the State of California. In addition, it provides water service to approximately 16,000 connections, which serve 49,000 people in a service area comprising 246 square miles in the region between San Antonio and Austin, Texas. Further, the company owns undeveloped land in Tennessee; and owns and operates commercial buildings in Tennessee. The company was formerly known as SJW Corp. and changed its name to SJW Group in November 2016. SJW Group was founded in 1866 and is headquartered in San Jose, California.

Details
Name: SJW Group
76W
Exchange: BST
Founded: 1866
$1,734,434,505
28,456,490
Website: http://www.sjwgroup.com
Address: SJW Group
110 West Taylor Street,
San Jose,
California, 95110,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE SJW Common Stock New York Stock Exchange US USD 22. Feb 1972
BST 76W Common Stock Boerse-Stuttgart DE EUR 22. Feb 1972
BMV SJW * Common Stock Bolsa Mexicana de Valores MX MXN 22. Feb 1972
Number of employees
Current staff
Staff numbers
416
SJW Group employees.
Industry
Water Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/18 22:18
End of day share price update: 2019/11/18 00:00
Last estimates confirmation: 2019/11/15
Last earnings filing: 2019/11/01
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.