/
Through our subsidiaries and affiliate, we provide the following products and services to our customers in the Cayman Islands, The Bahamas, the United States and the British Virgin Islands: Retail Water Operations. We produce potable water from seawater utilizing reverse osmosis technology and supply this water to end-users, including residential, commercial and government customers in the Caym…
$30.18
+$0.03 (+0.10%)
Price from 7 days ago
13.90% operating margin is respectable but not wide. ROIC at 7.39%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue declined 1.4% YoY. The question is whether this is cyclical or a structural shift.
At 28x earnings, the current multiple leaves limited room for execution misses or growth deceleration.
28.2x earnings, 17.4x FCF. Not cheap, the quality is already reflected in the price. Upside from here requires either margin expansion or growth re-acceleration, not just continuation.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$128M
▼ -1.4% YoY
Net Income (TTM)
$17M
▼ -35.1% YoY
Op. Margin
13.39%
▲ +0.3pp YoY
ROIC
6.72%
▼ -0.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$28M
▲ +11.2% YoY
Op. Cash Flow (TTM)
$36M
▲ +14.2% YoY
Net Debt
-$124M
Net Cash Position
Cash & Equiv.
$126M
5Y CAGR: +12.7%
5Y CAGR: +16.3%
Continue Research