QualityDipStocks / Utilities · Water Supply
H2O America HTO
Outside our quality screen, so we don’t track its dips. It’s 6% below its 52-week high.
Outside our quality screen. No fair value estimate for now: there isn’t enough data.
- Fair value est.
- n/a
- Market Value
- $59.70price +2%
- Off 52-wk high
- −6%
- Risk vs market
- Lowbeta −0.30
4 bullish · 5 bearish See why
Valuation
What we estimate it's worth, and how it ranks on value vs every stock we cover.
Fair value estimate
No estimate for HTO: Capital spending isn't tagged for the latest period in SEC XBRL data. We’d rather show nothing than a made-up number.
Risk vs market
How risk vs market is measured
One year of daily returns (Oct 31 to Nov 2, 252 sessions). Beta = how much HTO moved for each 1% move in the S&P 500 (SPY); 1.0 moves with the market. Volatility is the yearly standard deviation of daily returns. Past behavior, not a forecast.
Has moved mostly independently of the market, but its own price swings are 1.8× the S&P 500’s (it moves on its own news).
- Beta vs S&P 500
- -0.30
- Volatility
- 23% vs 13% SPY
- Correlation SPY
- −0.16
- Correlation QQQ
- −0.23
How it ranks
Where HTO stands vs every one of the 1,996 stocks we cover that has the number. Longer bar = better.
Not in the top quarter on any of these 4 measures
- Dividends + buybacks yield2.3% · cash paid out or used to retire shares, vs market capLowest 44%of 1,836
- Revenue growth, last 12 months+4.2% · vs the 12 months beforeLowest 26%of 1,814
- Operating margin21% · of sales kept as operating profitTop 26%of 1,288
- Return on invested capital4.5% · profit per dollar of capitalLowest 21%of 838
From SEC filings and our fair value estimate model. A ranking, not advice.
Valuation details
MV $59.70
Fundamentals
The business itself: sales, profits, cash and debt, from SEC filings.
Bull vs bear
Rule-based from the data on this page, strongest first. Not advice.
Top bullish points 4 of 5
Cash returnsDividend yield of 2.3% ($68M paid over 12 months, 65% of earnings).
Balance sheetDebt / equity of 0.9×, below the 1.5× median for the 66 Utilities companies we cover.
GrowthSales grew 8.9% a year over the last three fiscal years, above the 3.9% median for the 92 Utilities companies we cover.
ValuationPrice / book of 1.4×, below the 2.1× median for the 78 Utilities companies we cover.
Top bearish points 5 of 5
Cash returnsShare count up 22.0% in a year: existing holders are being diluted.
Balance sheetOperating income covers interest only 2.4× over the last 12 months.
Balance sheetNet debt of $1.3B, 44% of the market cap (Sep 30, 2026).
ProfitabilityReturn on invested capital of 4%, below the 9.5% discount rate our DCF uses.
QualityDoesn’t pass our quality screen: ROE under 12% and ROIC under 10%; net debt 4.8× EBITDA (limit 3×).
All fundamentals
P/E 28.6 · ROE 6% · Sales +4%
Valuation
- P/E
- 28.6×Utilities median 21.2×
- Price / FCF
- n/anot reported in its SEC filings
- FCF yield
- n/anot reported in its SEC filings
- EV / EBITDA
- 14.1×
- Price / sales
- 3.58×
- Price / book
- 1.36×
- Market cap
- $3.0Blisted
- Enterprise value
- $4.3B
Growth
- Revenue, 12 months
- $838M
- Sales growth, 12 months
- +4.2%vs the 12 months before
- Sales growth, 3 yrs
- +8.9%/yrfrom FY2022
- Diluted EPS, 12 months
- $2.57
- EPS growth, last FY
- +1.7%
- Net income, 12 months
- $105M
- Net income growth
- −4%12 months vs before
Profitability
- Gross margin
- n/agross profit isn't reported (common for service and financial companies)
- Operating margin
- 20.7%
- Net margin
- 12.5%
- FCF margin
- n/anot reported in its SEC filings
- Return on equity
- 6%
- Return on invested capital
- 4%
Balance sheet
- Cash & short-term inv.
- $573M
- Total debt
- $1.9B
- Net cash
- −$1.3B
- Debt / equity
- 0.86×
- Interest coverage
- 2.4×operating income / interest
Cash flow & returns
- Free cash flow, 12 months
- n/anot reported in its SEC filings
- FCF growth, 12 months
- n/anot reported in its SEC filings
- Dividend yield
- 2.26%$68M paid
- Payout ratio
- 65%
- Buybacks, 12 months
- n/anot reported in its SEC filings
- Share count, 1 year
- +22.0%diluted shares vs a year ago
- Stock-based comp
- $6M
Trailing 12 months to Sep 30, 2026; balance sheet at Sep 30, 2026. From H2O America’s SEC filings. Sparklines show up to six fiscal years. n/a means we don’t hold that number, with the reason. How each is computed.
The business
FCF $-0.2B · Sales +4%
- Free cash flow, 12 months−$0.2B
- Free-cash-flow yield−6.7%
- Free-cash-flow margin−24%
- Gross margin57%
- Operating margin25%
- Return on invested capital4%
- Return on equity6%
- Sales growth (latest quarter vs year-ago quarter)+4%
- Net debt / EBITDA4.8×
Chart & levels
Where the price is vs its key levels and trends.
Key levels
Every level vs today’s $61.19
- 52-wk lowlowest close, 1 year$44.44−27.4%
- Market Valueavg paid since Oct 26$59.70−2.4%
- PriceMon Nov 2 close$61.19you are here
- 52-wk highhighest close, 1 year$65.43+6.9%
Momentum & 52-week range
RSI 56 · 5 days +4.6%
Signals
Reversal signal setups, the public ledger and the next earnings date.
Setup & signals
No setup armed
No setup armed, so there’s no trigger or stop to track yet. Reversal signal rules only run on companies that pass our quality screen.
HTO is outside our quality screen
One text when a published rule fires on one of the 332 quality companies we track: the ticker, the price, the stop and a link to the numbers. Nothing else.
Voices & buzz
Who is talking about it, and how it compares with peers.
Who’s talking about it
Notable investors, executives, analysts and public figures on H2O America in the last 48 hours. Headlines as published, each linked. Their words, not ours.
MizuhoAnalyst rating changeAnalyst
Mizuho initiates coverage of H2O America at Outperform, sets price target at $67TradingView ·
Checked Nov 3, 1:01 PM ET. Matched by name against a maintained list plus the company’s own executives. Information only, not advice.
Compare with peers
Closest in size in Water Supply
Information only, not investment advice. Fair value estimates and talking points are rule-based model output from public data and can be wrong; stop levels are reference points, not orders. How every number is computed.