Bedrijfsoverzicht
Cadiz Inc. is a specialized provider of water solutions operating within the United States, delivering essential services such as water supply, storage, conveyance, wastewater treatment, and filtration technology through its two primary segments. The company functions within the Utilities sector, specifically under the regulated water industry classification, which implies its operations are subject to regulatory oversight and provide critical infrastructure services that are often considered essential utilities. As a relatively small-scale enterprise, Cadiz Inc. reports a market capitalization of N/A, generates annual revenue of $16.31M, and employs a workforce of 31 individuals. The absence of a reported market capitalization figure, combined with its modest revenue stream, indicates that the company operates as a micro-cap entity with a limited public market presence, reflecting its niche position in the broader utilities landscape.
Financiële gezondheid
The company reported a revenue of $16.31M over the trailing twelve months, yet this figure masks a significant operational challenge as the net income stands at $-39,234,000, revealing a cost structure where expenses drastically exceed total revenue. The EBITDA figure of $-24,334,000 further confirms that the business is currently generating negative cash earnings before interest, taxes, depreciation, and amortization. Additionally, the free cash flow is negative at $-20,918,000, which indicates a lack of financial flexibility and an inability to fund capital expenditures or debt servicing from internal cash generation without external financing. The gross margin stands at 31.6%, suggesting that the core cost of goods sold consumes approximately two-thirds of revenue, while the operating margin of -145.4% and profit margin of -209.3% demonstrate severe operational inefficiencies and losses relative to sales. On the balance sheet, the company holds $8.60M in cash against a total debt load of $104.21M, resulting in a highly leveraged position with a debt-to-equity ratio of 448.10. This disparity highlights a fragile liquidity posture where cash reserves cover less than 10% of total liabilities. The current ratio of 1.22 suggests that the company possesses slightly more current assets than current liabilities, providing a minimal but technically sufficient buffer for short-term obligations. Furthermore, the return on equity is -119.4% and the return on assets is -11.6%, metrics that reveal that management has failed to generate value for shareholders or utilize assets efficiently, as both equity and assets are contributing to negative returns rather than profit generation.
Waarderingsbeoordeling
Trailing twelve-month P/E ratio and forward P/E metrics are both listed as N/A, a direct consequence of the company reporting negative net income, which makes traditional earnings-based valuation multiples inapplicable and implies that future earnings trajectory cannot be assessed using historical price-to-earnings logic. The price-to-book ratio is exceptionally high at 70.25, indicating that the market values the company at a significant premium over its tangible book value, a valuation multiple often seen in distressed situations or speculative micro-cap plays rather than regulated utility firms. Alternative valuation metrics such as the price-to-sales ratio and EV/EBITDA are also unavailable or negative at -71.12, suggesting that standard valuation models fail to apply due to the lack of profitability and the negative enterprise value derived from the high debt load. The stock has traded within a range defined by a 52-week high of $20.49 and a 52-week low of $16.27, meaning the current trading price sits at a level that requires specific calculation to determine its exact percentage distance from these bounds relative to the available data points. The beta value of 2.08 indicates that the stock price is highly volatile and moves with approximately double the magnitude of the broader market, reflecting the speculative nature of investing in a non-profitable micro-cap utility company.
Growth & Income
Revenue growth year-over-year stands at 7.0%, which demonstrates a positive expansion in top-line sales, whereas earnings growth is N/A due to the company's persistent losses, implying that top-line expansion has not yet translated into bottom-line profitability. The company does not pay a sustainable dividend in the traditional sense as the dividend yield is reported at 11.4% with a payout ratio of N/A, a situation that typically arises when a company with negative earnings attempts to return capital to shareholders or where the yield is artificially inflated by a depressed share price rather than actual distributable cash. Given the negative net income and negative free cash flow, the company is in a position where it cannot sustain a dividend payout ratio and instead must rely on external financing or asset monetization to cover obligations. The overall growth and income profile is characterized by top-line expansion offset by substantial losses, a high-yield dividend metric that does not reflect actual cash distribution capability, and a highly leveraged balance sheet that constrains future organic growth potential.