CONSOLIDATED WATER Reports Third Quarter Earnings Results for FY2023
December 17, 2023
🌥️Earnings Overview
CONSOLIDATED WATER ($NASDAQ:CWCO) released its earnings results for the ending of Q3 of FY2023 on September 30 2023, with total revenue at USD 49.9 million – a remarkable 99.0% growth from the same period of the year prior. Net income was reported at USD 8.6 million, a great improvement from 0.3 million in Q3 of FY2022.
Price History
The stock opened at $32.1, and after a day of trading it closed at $30.5, representing a decrease of 4.9% from the previous closing price of 32.1. This marked the second straight quarter in which CONSOLIDATED WATER’s stock closed lower than the opening price. Despite the decrease in stock price, analysts remain positive on CONSOLIDATED WATER’s long-term prospects. The company reported better-than-expected earnings results for the quarter, driven by a strong demand for its products across various markets including the Caribbean, South America, and Europe.
Additionally, the company’s expansion into new markets has enabled them to capitalize on increased demand for their services. Looking ahead, CONSOLIDATED WATER is expected to continue to perform well as it leverages its existing customer base and capitalizes on opportunities in new markets. With a strong financial position and a commitment to providing exceptional customer service, CONSOLIDATED WATER is positioned to continue to thrive. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Consolidated Water. More…
| Total Revenues | Net Income | Net Margin |
| 155.39 | 21.26 | 14.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Consolidated Water. More…
| Operations | Investing | Financing |
| 13.92 | -11.11 | -5.3 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Consolidated Water. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 211.6 | 28.7 | 11.3 |
Key Ratios Snapshot
Some of the financial key ratios for Consolidated Water are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 27.4% | 51.9% | 18.4% |
| FCF Margin | ROE | ROA |
| 3.4% | 10.2% | 8.4% |
Analysis
At GoodWhale, we have conducted a thorough analysis of CONSOLIDATED WATER‘s fundamentals. Our Star Chart has assigned a healthy score of 10 out of 10 to the company, indicating its ability to weather any economic crisis without risk of bankruptcy. Based on our classification of the company as a ‘cheetah’ – a type of company that has achieved rapid revenue or earnings growth but is considered less stable due to lower profitability – we believe that more risk-tolerant investors may be interested in CONSOLIDATED WATER. We have judged the company to be strong in terms of asset, dividend, and growth, while medium in terms of profitability. 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 Co Ltd reported impressive results for the third quarter of FY2023, with total revenue of USD 49.9 million representing a 99.0% increase from the same period in the prior year. Despite these exemplary earnings, investors were disappointed as the stock price dropped on the same day. Investors should take these results into account when making decisions about CONSOLIDATED WATER as they reflect strong revenue and net income growth that could potentially indicate a positive outlook for the company in the future.
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