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Global Water Resources

Nasdaq:GWRS
Snowflake Description

Moderate growth potential with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GWRS
Nasdaq
$230M
Market Cap
  1. Home
  2. US
  3. Utilities
Company description

Global Water Resources, Inc., a water resource management company, owns, operates, and manages regulated water, wastewater, and recycled water utilities primarily in metropolitan Phoenix, Arizona. The last earnings update was 27 days ago. More info.


Add to Portfolio Compare Print
  • Global Water Resources has significant price volatility in the past 3 months.
GWRS Share Price and Events
7 Day Returns
-0.2%
NasdaqGM:GWRS
16.8%
US Water Utilities
7.2%
US Market
1 Year Returns
1.2%
NasdaqGM:GWRS
18%
US Water Utilities
-10.4%
US Market
GWRS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Global Water Resources (GWRS) -0.2% -19.2% -23.2% 1.2% 16.2% -
US Water Utilities 16.8% 2.4% -1.7% 18% 52% 103.9%
US Market 7.2% -12.6% -19.4% -10.4% 8.3% 21%
1 Year Return vs Industry and Market
  • GWRS underperformed the Water Utilities industry which returned 18% over the past year.
  • GWRS outperformed the Market in United States of America which returned -10.4% over the past year.
Price Volatility
GWRS
Industry
5yr Volatility vs Market

Value

 Is Global Water Resources 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 Global Water Resources 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 Global Water Resources.

NasdaqGM:GWRS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in USD $ .289200
Payout Ratio Company Filings (2019-12-31) 17299%
Discount Rate (Cost of Equity) See below 6.1%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

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 NasdaqGM:GWRS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 5.4%
Water Utilities Unlevered Beta Simply Wall St/ S&P Global 0.44
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.443 (1 + (1- 21%) (49.98%))
0.331
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)
= 1.74% + (0.8 * 5.44%)
6.09%

Discounted Cash Flow Calculation for NasdaqGM:GWRS using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Global Water Resources 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.

NasdaqGM:GWRS Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= $0.29 / (6.09% - 1.74%)
$1.82
NasdaqGM:GWRS Discount to Share Price
Calculation Result
Value per share (USD) From above. $1.82
Current discount Discount to share price of $10.03
= -1 x ($10.03 - $1.82) / $1.82
-450.7%

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

  • The current share price of Global Water Resources 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 Global Water Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Global Water Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGM:GWRS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $0.10
NasdaqGM:GWRS Share Price ** NasdaqGM (2020-03-31) in USD $10.03
United States of America Water Utilities Industry PE Ratio Median Figure of 14 Publicly-Listed Water Utilities Companies 37.01x
United States of America Market PE Ratio Median Figure of 2,938 Publicly-Listed Companies 13.11x

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

** Primary Listing of Global Water Resources.

NasdaqGM:GWRS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGM:GWRS Share Price ÷ EPS (both in USD)

= 10.03 ÷ 0.10

97.04x

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

  • Global Water Resources is overvalued based on earnings compared to the US Water Utilities industry average.
  • Global Water Resources is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Global Water Resources's expected growth come at a high price?
Raw Data
NasdaqGM:GWRS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 97.04x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
30.9%per year
United States of America Water Utilities Industry PEG Ratio Median Figure of 8 Publicly-Listed Water Utilities Companies 3.79x
United States of America Market PEG Ratio Median Figure of 2,007 Publicly-Listed Companies 1.01x

*Line of best fit is calculated by linear regression .

NasdaqGM:GWRS PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 97.04x ÷ 30.9%

3.14x

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

  • Global Water Resources is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Global Water Resources's assets?
Raw Data
NasdaqGM:GWRS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $1.15
NasdaqGM:GWRS Share Price * NasdaqGM (2020-03-31) in USD $10.03
United States of America Water Utilities Industry PB Ratio Median Figure of 16 Publicly-Listed Water Utilities Companies 2.65x
United States of America Market PB Ratio Median Figure of 5,134 Publicly-Listed Companies 1.27x
NasdaqGM:GWRS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGM:GWRS Share Price ÷ Book Value per Share (both in USD)

= 10.03 ÷ 1.15

8.76x

* Primary Listing of Global Water Resources.

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

  • Global Water Resources is overvalued based on assets compared to the US Water Utilities industry average.
X
Value checks
We assess Global Water Resources'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. Global Water Resources 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.

Future Performance

 How is Global Water Resources expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
30.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Global Water Resources expected to grow at an attractive rate?
  • Global Water Resources's earnings growth is expected to exceed the low risk savings rate of 1.7%.
Growth vs Market Checks
  • Global Water Resources's earnings growth is expected to exceed the United States of America market average.
  • Global Water Resources's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGM:GWRS Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGM:GWRS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 30.9%
NasdaqGM:GWRS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 6.5%
United States of America Water Utilities Industry Earnings Growth Rate Market Cap Weighted Average 14.7%
United States of America Water Utilities Industry Revenue Growth Rate Market Cap Weighted Average 12.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 12.2%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.2%

*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
NasdaqGM:GWRS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGM:GWRS Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 40 4 1
2020-12-31 38 2 1
2020-04-01
NasdaqGM:GWRS Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 35 12 2
2019-09-30 35 12 2
2019-06-30 34 12 2
2019-03-31 36 11 3
2018-12-31 36 11 3
2018-09-30 35 13 6
2018-06-30 35 13 7
2018-03-31 32 13 5
2017-12-31 31 11 5
2017-09-30 31 8 2
2017-06-30 30 8 2
2017-03-31 30 2 -2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Global Water Resources's earnings are expected to grow significantly at over 20% yearly.
  • Global Water Resources's revenue is expected to grow by 6.5% 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
NasdaqGM:GWRS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Global Water Resources Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:GWRS Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.18 0.18 0.18 1.00
2020-12-31 0.11 0.11 0.11 1.00
2020-04-01
NasdaqGM:GWRS Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 0.10
2019-09-30 0.11
2019-06-30 0.09
2019-03-31 0.16
2018-12-31 0.15
2018-09-30 0.30
2018-06-30 0.33
2018-03-31 0.24
2017-12-31 0.23
2017-09-30 0.10
2017-06-30 0.10
2017-03-31 -0.10

*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.
  • Unable to establish if Global Water Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Global Water Resources'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Global Water Resources has a total score of 3/6, 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.

Past Performance

  How has Global Water Resources 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 Global Water Resources'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.
  • Global Water Resources's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Global Water Resources's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Global Water Resources's 1-year earnings growth is negative, it can't be compared to the US Water Utilities industry average.
Earnings and Revenue History
Global Water Resources'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 Global Water Resources Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:GWRS Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 35.47 2.22 11.24
2019-09-30 35.04 2.37 10.49
2019-06-30 34.10 1.95 10.36
2019-03-31 35.81 3.43 10.53
2018-12-31 35.52 3.10 10.55
2018-09-30 35.06 5.94 10.34
2018-06-30 34.54 6.51 9.41
2018-03-31 31.84 4.68 9.39
2017-12-31 31.21 4.55 9.21
2017-09-30 30.62 1.87 9.81
2017-06-30 30.33 1.95 9.54
2017-03-31 29.77 -2.01 9.71
2016-12-31 29.80 -2.51 9.55
2016-09-30 29.69 -2.59 8.83
2016-06-30 29.66 18.03 9.12
2016-03-31 31.15 21.96 7.95
2015-12-31 31.96 21.36 7.37
2015-09-30 32.76 20.55 8.09
2015-06-30 33.41 -1.38 7.91
2015-03-31 33.19 -2.27 8.38
2014-12-31 32.56 64.93 8.81
2014-09-30 32.41 65.91 8.28
2014-06-30 32.61 66.59 9.05
2014-03-31 32.84 63.54 9.30
2013-12-31 33.43 -6.04 9.62
2013-09-30 34.09 -7.94 9.88
2013-06-30 34.12 -9.22 9.88

*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.
  • Global Water Resources has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Global Water Resources used its assets less efficiently than the US Water Utilities industry average last year based on Return on Assets.
  • Global Water Resources has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Global Water Resources'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.
Global Water Resources has a total score of 1/6, 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.

Health

 How is Global Water Resources'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 Global Water Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Global Water Resources is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Global Water Resources's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Global Water Resources'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 0.1x 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 Global Water Resources Company Filings, last reported 3 months ago.

NasdaqGM:GWRS Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 24.67 114.42 7.51
2019-09-30 26.36 114.41 11.09
2019-06-30 26.76 114.40 11.29
2019-03-31 27.05 114.39 13.30
2018-12-31 27.87 114.42 12.76
2018-09-30 29.44 114.41 20.17
2018-06-30 15.59 114.39 3.78
2018-03-31 13.89 114.38 6.92
2017-12-31 14.86 114.37 5.25
2017-09-30 13.39 114.36 7.84
2017-06-30 13.26 114.36 9.13
2017-03-31 14.24 114.27 14.81
2016-12-31 14.99 114.26 20.50
2016-09-30 15.89 114.25 26.28
2016-06-30 15.79 114.24 25.58
2016-03-31 17.96 104.16 11.42
2015-12-31 20.06 104.12 11.51
2015-09-30 21.85 108.13 16.77
2015-06-30 24.31 129.45 3.56
2015-03-31 25.45 129.64 4.71
2014-12-31 27.68 129.83 6.58
2014-09-30 29.79 131.59 9.91
2014-06-30 31.09 131.59 6.86
2014-03-31 34.97 131.58 9.79
2013-12-31 -32.84 132.58 1.96
2013-09-30 -33.00 135.65 5.33
2013-06-30 -33.61 135.65 3.52
  • Global Water Resources's level of debt (463.8%) 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 (469.4% vs 463.8% today).
  • Debt is not well covered by operating cash flow (10.1%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.3x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Global Water Resources'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. Global Water Resources has a total score of 2/6, 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.

Dividends

 What is Global Water Resources'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
2.88%
Current annual income from Global Water Resources dividends.
If you bought $2,000 of Global Water Resources shares you are expected to receive $58 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?
  • Global Water Resources's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.95%).
  • Global Water Resources's dividend is below the markets top 25% of dividend payers in United States of America (5.4%).
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
NasdaqGM:GWRS 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 1 Analyst Estimates (S&P Global) See Below
United States of America Water Utilities Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 1.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1946 Stocks 2.9%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.9%
United States of America Top 25% Dividend Yield 75th Percentile 5.4%

Industry and Market average data is calculated daily.

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

NasdaqGM:GWRS Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2020-04-01
NasdaqGM:GWRS Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-02-28 0.289 2.683
2020-01-31 0.289 2.178
2019-12-30 0.289 2.247
2019-10-31 0.286 2.237
2019-09-30 0.286 2.383
2019-08-29 0.286 2.332
2019-07-31 0.286 2.435
2019-06-28 0.286 2.543
2019-05-31 0.286 2.831
2019-04-30 0.286 2.980
2019-03-29 0.286 2.941
2019-02-28 0.286 2.937
2019-01-31 0.286 3.062
2018-12-28 0.286 2.924
2018-10-30 0.284 2.735
2018-09-28 0.284 2.667
2018-08-30 0.284 2.798
2018-07-30 0.284 2.897
2018-06-29 0.284 2.980
2018-05-30 0.284 3.063
2018-04-30 0.284 3.110
2018-03-29 0.284 3.133
2018-02-28 0.284 3.182
2018-01-30 0.284 3.214
2017-11-09 0.284 3.037
2017-08-31 0.277 2.892
2017-07-31 0.277 2.911
2017-06-30 0.277 2.857
2017-05-10 0.277 2.972
2017-04-28 0.270 2.977
2017-03-31 0.270 3.057
2017-02-28 0.270 3.138
2017-01-31 0.270 3.203
2017-01-04 0.270 3.112
2016-10-31 0.264 3.157
2016-09-30 0.264 3.395
2016-08-02 0.264 3.313
2016-06-28 0.264 3.023
2016-06-09 0.280 3.677

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

  • Whilst dividend payments have been stable, Global Water Resources has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Global Water Resources only paid a dividend in the past 4 years.
Current Payout to shareholders
What portion of Global Water Resources's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.4x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Global Water Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 Global Water Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Global Water Resources has a total score of 1/6, see the detailed checks below.


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

Management

 What is the CEO of Global Water Resources'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
Ron Fleming
COMPENSATION $667,553
AGE 39
TENURE AS CEO 4.9 years
CEO Bio

Mr. Ron L. Fleming has been the Chief Executive Officer and President of Global Water Resources, Inc. since May 2015 and its Chairman since November 2018. He served as Interim Chief Executive Officer of Global Water Resources, Inc. from May 2014 to Jan 2015. Mr. Fleming served as the Chief Operating Officer of Global Water Resources, Inc. from 2007 to 2014. Mr. Fleming served as the Chief Executive Officer and President at GWR Global Water Resources Corp. He served as President at GWR Global Water Resources Corp. and Global Water Resources, Inc. Mr. Fleming served as the President of Regulated Utilities Division at Global Water Resources, Inc. Mr. Fleming has worked with Global Water for ten years, during which time he has directly managed all areas of the business. He served as Vice President and General Manager from 2007 to 2014 and Senior Project Manager of Engineering and Construction at Global Water from 2004 to 2006. Mr. Fleming joined Global Water in 2004, crossing over from the construction industry where he worked for general contractors providing project management on numerous large-scale heavy civil infrastructure projects throughout Arizona. Mr. Fleming has over 12 years of related management and utility experience. He has been a Director of Global Water Resources, Inc. since May 3, 2016. Mr. Fleming serves on the Board of Directors for the Maricopa Economic Development Alliance and he is on Pinal Partnership and WESTMARC’s Board of Directors where he is the Co-Chair of both organizations Water Resources Committee. He is a Director on the Water Utility Association of Arizona. Mr. Fleming holds a Bachelor’s Degree in Construction Management from the School of Engineering at Northern Arizona University, with an emphasis in Heavy Civil Engineering and a minor in Business Administration.

CEO Compensation
  • Ron's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Ron's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Global Water Resources management team in years:

3.9
Average Tenure
40.5
Average Age
  • The tenure for the Global Water Resources management team is about average.
Management Team

Ron Fleming

TITLE
Chairman
COMPENSATION
$668K
AGE
39
TENURE
4.9 yrs

Mike Liebman

TITLE
Senior VP
COMPENSATION
$511K
AGE
42
TENURE
5.9 yrs

Joanne Ellsworth

TITLE
Vice President of Compliance and Regulatory Affairs
AGE
53
TENURE
2.8 yrs

Heather Krupa

TITLE
VP & Controller
AGE
34
TENURE
1.7 yrs
Board of Directors Tenure

Average tenure and age of the Global Water Resources board of directors in years:

1.9
Average Tenure
51.5
Average Age
  • The average tenure for the Global Water Resources board of directors is less than 3 years, this suggests a new board.
Board of Directors

Rick Alexander

TITLE
Independent Director
COMPENSATION
$95K
AGE
63
TENURE
9.3 yrs

Ron Fleming

TITLE
Chairman
COMPENSATION
$668K
AGE
39
TENURE
1.4 yrs

David Tedesco

TITLE
Lead Independent Director
COMPENSATION
$90K
AGE
44
TENURE
1.4 yrs

Debra Coy

TITLE
Independent Director
COMPENSATION
$28K
TENURE
1.9 yrs

William Levine

TITLE
Director
COMPENSATION
$56K
AGE
87
TENURE
16.5 yrs

Brett Huckelbridge

TITLE
Independent Director
COMPENSATION
$28K
AGE
46
TENURE
1.9 yrs

David Rousseau

TITLE
Independent Director
AGE
57
TENURE
1.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
24. Mar 20 Buy Debra Coy Individual 28. Sep 18 30. Dec 19 384 $14.99 $4,331
X
Management checks
We assess Global Water Resources'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. Global Water Resources 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.

News

Simply Wall St News

Can Global Water Resources Inc (NASDAQ:GWRS) Maintain Its Strong Returns?

Our data shows Global Water Resources has a return on equity of 20% for the last year. … That means that for every $1 worth of shareholders' equity, it generated $0.20 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Should You Be Worried When Global Water Resources Inc’s (NASDAQ:GWRS) Insiders Sell?

Global Water Resources, Inc., a water resource management company, owns, operates, and manages regulated water, wastewater, and recycled water utilities primarily in metropolitan Phoenix, Arizona. … Global Water Resources's insiders have divested from. … It is widely considered that insider selling stock in their own companies is potentially a bearish signal

Simply Wall St -

Who Owns Global Water Resources Inc (NASDAQ:GWRS)?

In this analysis, my focus will be on developing a perspective on Global Water Resources Inc’s (NASDAQ:GWRS) latest ownership structure, a less discussed, but important factor. … Therefore, it is beneficial for us to examine GWRS's ownership structure in more detail. … See our latest analysis for Global Water Resources

Simply Wall St -

Should You Buy Global Water Resources Inc (NASDAQ:GWRS) For Its Dividend?

In the past 2 years Global Water Resources Inc (NASDAQ:GWRS) has returned an average of 4.00% per year to investors in the form of dividend payouts. … Does Global Water Resources tick all the boxes of a great dividend stock? … Check out our latest analysis for Global Water Resources

Simply Wall St -

How Financially Strong Is Global Water Resources Inc (NASDAQ:GWRS)?

Investors are always looking for growth in small-cap stocks like Global Water Resources Inc (NASDAQ:GWRS), with a market cap of US$179.82m. … However, an important fact which most ignore is: how financially healthy is the business? … Evaluating financial health as part of your investment thesis is

Simply Wall St -

Global Water Resources Inc (NASDAQ:GWRS): Dividend Is Coming In 5 Days, Should You Buy?

Important news for shareholders and potential investors in Global Water Resources Inc (NASDAQ:GWRS): The dividend payment of $0.024 per share will be distributed into shareholder on 29 June 2018, and the stock will begin trading ex-dividend at an earlier date, 14 June 2018. … Is this future income stream a compelling catalyst for dividend investors to think about the stock as an investment today? … Let's take a look at Global Water Resources's most recent financial data to examine its dividend characteristics in more detail.

Simply Wall St -

Global Water Resources Inc (NASDAQ:GWRS): Ex-Dividend Is In 3 Days, Should You Buy?

Have you been keeping an eye on Global Water Resources Inc's (NASDAQ:GWRS) upcoming dividend of $0.02 per share payable on the 30 May 2018? … View our latest analysis for Global Water Resources How I analyze a dividend stock If you are a dividend investor, you should always assess these five key metrics: Is its annual yield among the top 25% of dividend-paying companies? … Global Water Resources has a trailing twelve-month payout ratio of 115.01%, which means that the dividend is not well-covered by its earnings.

Simply Wall St -

Should Income Investors Buy Global Water Resources Inc (NASDAQ:GWRS) Before Its Ex-Dividend?

Important news for shareholders and potential investors in Global Water Resources Inc (NASDAQ:GWRS): The dividend payment of $0.02 per share will be distributed into shareholder on 30 April 2018, and the stock will begin trading ex-dividend at an earlier date, 13 April 2018. … View our latest analysis for Global Water Resources Here's how I find good dividend stocks If you are a dividend investor, you should always assess these five key metrics: Is it paying an annual yield above 75% of dividend payers? … NasdaqGM:GWRS Historical Dividend Yield Apr 9th 18 Does Global Water Resources pass our checks?

Simply Wall St -

Should You Be Tempted To Sell Global Water Resources Inc (NASDAQ:GWRS) Because Of Its PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for GWRS Price per share = $9.08 Earnings per share = $0.078 ∴ Price-Earnings Ratio = $9.08 ÷ $0.078 = 116.7x The P/E ratio itself doesn’t tell you a lot; however, it becomes very insightful when you compare it with other similar companies. … Ideally, we want to compare the stock’s P/E ratio to the average of companies that have similar characteristics as GWRS, such as size and country of operation. … For example, if you are inadvertently comparing riskier firms with GWRS, then GWRS’s P/E would naturally be higher than its peers since investors would reward its lower risk with a higher price.

Simply Wall St -

Should Global Water Resources Inc (NASDAQ:GWRS) Be Part Of Your Dividend Portfolio?

Over the past 2 years, Global Water Resources Inc (NASDAQ:GWRS) has returned an average of 4.00% per year to shareholders in terms of dividend yield. … Check out our latest analysis for Global Water Resources How I analyze a dividend stock When researching a dividend stock, I always follow the following screening criteria: Is it the top 25% annual dividend yield payer? … NasdaqGM:GWRS Historical Dividend Yield Mar 8th 18 Does Global Water Resources pass our checks?

Simply Wall St -

Company Info

Description

Global Water Resources, Inc., a water resource management company, owns, operates, and manages regulated water, wastewater, and recycled water utilities primarily in metropolitan Phoenix, Arizona. As of December 31, 2019, it served approximately 61,000 people in 23,000 homes. The company was founded in 2003 and is based in Phoenix, Arizona.

Details
Name: Global Water Resources, Inc.
GWRS
Exchange: NasdaqGM
Founded: 2003
$229,655,912
22,537,381
Website: http://www.gwresources.com
Address: Global Water Resources, Inc.
21410 North 19th Avenue,
Suite 220,
Phoenix,
Arizona, 85027,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGM GWRS Common Stock Nasdaq Global Market US USD 28. Apr 2016
DB GGL Common Stock Deutsche Boerse AG DE EUR 28. Apr 2016
TSX GWR Common Stock The Toronto Stock Exchange CA CAD 28. Apr 2016
Number of employees
Current staff
Staff numbers
75
Global Water Resources employees.
Industry
Water Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/01 01:51
End of day share price update: 2020/03/31 00:00
Last estimates confirmation: 2020/03/06
Last earnings filing: 2020/03/05
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.