Consolidated Water Intrinsic Value – CONSOLIDATED WATER Reports Strong Second Quarter Earnings for FY2023

☀️Earnings Overview

On June 30, 2023, CONSOLIDATED WATER ($NASDAQ:CWCO) reported their financial results for the second quarter of FY2023. Total revenue for the quarter amounted to USD 44.2 million, showing an impressive year-over-year growth of 110.0%. This caused their net income to increase to USD 7.3 million, compared to the figure of 2.3 million from the same period in the previous year.

Price History

CONSOLIDATED WATER announced strong second quarter financial results for FY2023 on Thursday. The company’s stock opened at $19.9 and closed at $20.3, a 2.7% increase from the previous closing price of $19.8. This surge in stock price was a result of the strong earnings report that exceeded analysts’ expectations. CONSOLIDATED WATER attributed the strong numbers to their continued focus on operational efficiency and cost management initiatives.

The company has also invested heavily in research and development, resulting in the successful launch of several new products in the quarter. These strong earnings have investors feeling bullish about CONSOLIDATED WATER’s future prospects. Analysts expect the company to continue its profitable growth trajectory, and anticipate strong returns on their investment. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Consolidated Water. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Consolidated Water. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Consolidated Water. More…

Key Ratios Snapshot

Some of the financial key ratios for Consolidated Water are shown below. More…

Analysis – Consolidated Water Intrinsic Value

At GoodWhale, we have conducted an analysis of CONSOLIDATED WATER‘s welfare. Our proprietary Valuation Line reveals that the fair value of a CONSOLIDATED WATER share is around $21.3. However, it is currently traded at $20.3, which is a fair price that is undervalued by 4.6%. We believe that this presents an attractive buying opportunity for potential investors. More…

Peers

The water industry is highly competitive, with companies vying for market share. In this report, we will compare the three main competitors in the water industry: Consolidated Water Co Ltd, Pure Cycle Corp, Eastern Water Resources Development and Management PCL, and Thu Duc Water. We will provide an overview of each company, their financial performance, and their competitive advantages and disadvantages.

– Pure Cycle Corp ($NASDAQ:PCYO)

Cycle Corp is engaged in the business of providing water and wastewater solutions to residential, commercial, and industrial customers in the United States. The company’s products and services include water and wastewater treatment systems, reverse osmosis systems, water softeners, and bottled water. It also provides engineering, construction, and maintenance services for water and wastewater treatment facilities.

– Eastern Water Resources Development and Management PCL ($SET:EASTW)

Eastern Water Resources Development and Management Public Company Limited (EASTWATER) is a Thailand-based company engaged in the water resources development and management. The Company operates three business segments: domestic water supply business, which provides tap water to residential and commercial customers in Phra Pradaeng District, Samut Prakan Province; wastewater management business, which treats wastewater from residential and commercial customers in Phra Pradaeng District, Samut Prakan Province; and other businesses, which include the provision of consultancy services on water resources development and management. Its domestic water supply business includes the development of water resources, construction of water treatment plants and water pipelines, as well as operation and maintenance of water treatment plants and water pipelines. Through its wastewater management business, the Company provides wastewater collection services and develops wastewater treatment plants.

Summary

Consolidated Water, a publically traded company, reported impressive financials for its second quarter of FY2023. Total revenue was USD 44.2 million, a 110.0% year-over-year increase. This strong performance proves the company’s resilience and signals good future potential for investing in the company. The improved financials and increased revenue reflect the success of Consolidated Water’s strategic initiatives and position the company for a promising future.