Financials American Water Works Company, Inc.

Equities

AWK

US0304201033

Water Utilities

Real-time Estimate Cboe BZX Other stock markets 11:20:19 2024-05-13 am EDT			5-day change	1st Jan Change
134.2 ^USD	-0.42%		+3.31%	+1.95%

05:16pm	UBS Adjusts American Water Works Price Target to $139 From $124, Maintains Neutral Rating	MT
04:36pm	American Water Works' Pennsylvania American Water to Rehabilitate 10 Storage Tanks, Construct Four New Tanks	MT

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	22,208	27,820	34,285	27,714	25,699	26,398	-	-
Enterprise Value (EV) ¹	31,606	38,217	45,154	40,014	37,741	40,034	41,442	41,840
P/E ratio	35.8 x	39.3 x	27.2 x	33.8 x	26.9 x	26.1 x	24.1 x	22.3 x
Yield	1.59%	1.43%	1.25%	1.72%	2.1%	2.23%	2.4%	2.6%
Capitalization / Revenue	6.15 x	7.37 x	8.72 x	7.31 x	6.07 x	5.87 x	5.58 x	5.19 x
EV / Revenue	8.76 x	10.1 x	11.5 x	10.6 x	8.91 x	8.9 x	8.76 x	8.23 x
EV / EBITDA	17.6 x	20.6 x	24.6 x	20.8 x	17.1 x	16.3 x	15.3 x	14 x
EV / FCF	-117 x	-96.5 x	-140 x	-33.7 x	-53.8 x	-41 x	-46.1 x	-
FCF Yield	-0.86%	-1.04%	-0.72%	-2.97%	-1.86%	-2.44%	-2.17%	-
Price to Book	3.63 x	4.31 x	4.7 x	3.6 x	2.6 x	2.58 x	2.42 x	2.24 x
Nbr of stocks (in thousands)	180,776	181,272	181,538	181,828	194,705	194,823	-	-
Reference price ²	122.8	153.5	188.9	152.4	132.0	135.5	135.5	135.5
Announcement Date	2/18/20	2/24/21	2/16/22	2/15/23	2/14/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	3,610	3,777	3,930	3,792	4,234	4,500	4,730	5,082
EBITDA ¹	1,792	1,852	1,832	1,922	2,208	2,461	2,710	2,994
EBIT ¹	1,210	1,234	1,196	1,273	1,504	1,687	1,884	2,103
Operating Margin	33.52%	32.67%	30.43%	33.57%	35.52%	37.48%	39.82%	41.39%
Earnings before Tax (EBT) ¹	833	924	1,640	1,008	1,196	1,368	1,402	1,529
Net income ¹	621	709	1,263	820	944	1,021	1,103	1,202
Net margin	17.2%	18.77%	32.14%	21.62%	22.3%	22.69%	23.31%	23.66%
EPS ²	3.430	3.910	6.950	4.510	4.900	5.199	5.631	6.066
Free Cash Flow ¹	-271	-396	-323	-1,189	-701	-977.3	-898.3	-
FCF margin	-7.51%	-10.48%	-8.22%	-31.36%	-16.56%	-21.72%	-18.99%	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	1.955	2.200	2.358	2.620	2.778	3.017	3.257	3.517
Announcement Date	2/18/20	2/24/21	2/16/22	2/15/23	2/14/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2
Net sales ¹	951	842	937	1,082	931	938	1,097	1,167	1,032	1,011	1,139	1,224	1,086	1,057	1,194
EBITDA ¹	380	404	490	603	425	467	606	655	480	514	677	752	575	-	-
EBIT ¹	220	246	327	439	261	295	432	478	299	326	489	561	381	-	-
Operating Margin	23.13%	29.22%	34.9%	40.57%	28.03%	31.45%	39.38%	40.96%	28.97%	32.25%	42.93%	45.81%	35.07%	-	-
Earnings before Tax (EBT) ¹	894	193	270	367	178	214	357	407	218	242	359	425	238	-	-
Net income ¹	645	158	218	297	147	170	280	323	171	185	302.8	349.1	185.3	-	-
Net margin	67.82%	18.76%	23.27%	27.45%	15.79%	18.12%	25.52%	27.68%	16.57%	18.3%	26.59%	28.51%	17.06%	-	-
EPS ²	3.550	0.8700	1.200	1.630	0.8100	0.9100	1.440	1.660	0.8800	0.9500	1.519	1.783	0.9879	1.090	1.590
Dividend per Share ²	0.6025	0.6025	0.6550	0.6550	0.7075	0.6550	0.7075	0.7075	0.7075	0.7075	0.7633	0.7633	0.7633	0.8243	0.8243
Announcement Date	2/16/22	4/27/22	7/27/22	10/31/22	2/15/23	4/26/23	7/26/23	11/1/23	2/14/24	5/1/24	-	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	9,398	10,397	10,869	12,300	12,042	13,635	15,044	15,442
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	5.244 x	5.614 x	5.933 x	6.4 x	5.454 x	5.54 x	5.552 x	5.157 x
Free Cash Flow ¹	-271	-396	-323	-1,189	-701	-977	-898	-
ROE (net income / shareholders' equity)	10.4%	11.3%	18.4%	10.9%	10.8%	10.2%	10.3%	10.4%
ROA (Net income/ Total Assets)	2.83%	2.99%	4.97%	3.04%	3.25%	3.08%	3.2%	3.23%
Assets ¹	21,953	23,724	25,421	26,931	29,042	33,151	34,496	37,249
Book Value Per Share ²	33.90	35.60	40.20	42.30	50.80	52.50	56.00	60.40
Cash Flow per Share	7.640	7.840	7.920	6.480	9.710	-	-	-
Capex ¹	1,654	1,822	1,764	2,297	2,575	2,999	3,088	3,058
Capex / Sales	45.82%	48.24%	44.89%	60.57%	60.82%	66.63%	65.28%	60.18%
Announcement Date	2/18/20	2/24/21	2/16/22	2/15/23	2/14/24	-	-	-

¹USD in Million²USD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for American Water Works Company, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

135.5 USD

Average target price

138.4 USD

Spread / Average Target

+2.16%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Water Supply & Irrigation Systems

	1st Jan change	Capi.
AMERICAN WATER WORKS COMPANY, INC.	+1.95%	26.4B
GUANGDONG INVESTMENT LIMITED	-16.73%	3.85B
BEIJING ENTERPRISES WATER GROUP LIMITED	+38.51%	2.88B
COMPANHIA CATARINENSE DE ÁGUAS E SANEAMENTO - CASAN	-.--%	2.11B
SJW GROUP	-10.90%	1.86B
COMPANHIA DE SANEAMENTO DO PARANÁ - SANEPAR	-3.90%	1.59B
COMPANHIA DE SANEAMENTO DE MINAS GERAIS	-2.69%	1.44B
GUANGDONG SHUNKONG DEVELOPMENT CO.,LTD.	-1.19%	1.28B
CHINA WATER AFFAIRS GROUP LIMITED	+34.27%	1.09B
MIDDLESEX WATER COMPANY	-10.15%	1.03B

Water Supply & Irrigation Systems