Consolidated Water Co ltd (CWCO) |
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Price: $27.2800
$-0.65
-2.327%
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Day's High:
| $28
| Week Perf:
| -3.74 %
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Day's Low: |
$ 27.24 |
30 Day Perf: |
-12.17 % |
Volume (M): |
83 |
52 Wk High: |
$ 38.29 |
Volume (M$): |
$ 2,256 |
52 Wk Avg: |
$26.37 |
Open: |
$27.88 |
52 Wk Low: |
$13.66 |
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Market Capitalization (Millions $) |
435 |
Shares
Outstanding (Millions) |
16 |
Employees |
119 |
Revenues (TTM) (Millions $) |
155 |
Net Income (TTM) (Millions $) |
22 |
Cash Flow (TTM) (Millions $) |
-2 |
Capital Exp. (TTM) (Millions $) |
9 |
Consolidated Water Co Ltd
We develop and operate seawater desalination plants (that utilize reverse osmosis
technology) and water distribution systems in areas where naturally occurring
supplies of potable water are scarce or nonexistent. Through our subsidiaries
and affiliates, we provide the following services to our customers in the Cayman
Islands, The Bahamas, Belize, the British Virgin Islands and Indonesia
Cayman Water Company Limited (“Cayman Water”). Cayman
Water operates under an exclusive retail license granted by the Cayman Islands
government to provide water to customers within a prescribed service area on
Grand Cayman that includes the Seven Mile Beach and West Bay areas, two of the
three most populated areas in the Cayman Islands. The only non-government owned
public water utility on Grand Cayman is Cayman Water which owns and operates
four desalination plants.
Ocean Conversion (Cayman) Limited (“OC-Cayman”). OC-Cayman
provides bulk water under various licenses and agreements to the Water Authority-Cayman,
a government-owned utility and regulatory agency, which distributes the water
to properties located outside our exclusive retail license service area in Grand
Cayman. OC-Cayman operates three desalination plants owned by the Water Authority-Cayman.
Consolidated Water (Bahamas) Limited (“CW-Bahamas”). We
own a 90.9% equity interest in CW-Bahamas, which provides bulk water under long-term
contracts to the Water and Sewerage Corporation of The Bahamas, a government
agency. CW-Bahamas owns and operates our largest desalination plant and two
other desalination plants.
Consolidated Water (Belize) Limited (“CW-Belize”). CW-Belize
owns and operates one desalination plant and has an exclusive contract to provide
bulk water to Belize Water Services Ltd., a water distributor that serves residential,
commercial and tourist properties in Ambergris Caye, Belize.
Aquilex, Inc. This subsidiary, a United States company, provides financial,
engineering and supply chain management support services to our subsidiaries
and affiliates.
Ocean Conversion (BVI) Ltd. (“OC-BVI”). We own 50% of the
voting stock of our affiliate, OC-BVI, a British Virgin Islands company, which
sells bulk water to the Government of the British Virgin Islands Water and Sewerage
Department. We own an overall 43.5% equity interest in OC-BVI’s profits
and certain profit sharing rights that raise our effective interest in OC-BVI’s
profits to approximately 45%. OC-BVI also pays our subsidiary DesalCo Limited
fees for certain engineering and administrative services. We account for our
investment in OC-BVI under the equity method of accounting.
DesalCo Limited (“DesalCo”). A Cayman Islands company, DesalCo
provides management, engineering and construction services for desalination
projects.
Consolidated Water (Bermuda) Limited (“CW-Bermuda”). In
January 2007, our affiliate, Consolidated Water (Bermuda) Limited (“CW-Bermuda”)
entered into a design, build, sale and operating agreement with the Government
of Bermuda for a desalination plant to be built in two phases at Tynes Bay along
the northern coast of Bermuda. Under the agreement, CW-Bermuda constructed and
operated the plant from the second quarter of 2009 through the expiration of
the agreement on June 30, 2011. We do not expect to receive any future fees
or revenues from CW-Bermuda.
Consolidated Water Cooperatief, U.A. (“CW-Cooperatief”) and N.S.C.
Agua, S.A. de C.V. (“NSC”). CW-Cooperatief is a wholly-owned Netherlands
subsidiary organized in 2010. CW-Cooperatief owns a 99.9% interest in NSC, a
Mexican company. NSC has been formed to pursue a project encompassing the construction,
ownership and operation of a 100 million gallon per day seawater reverse osmosis
desalination plant to be located in northern Baja California, Mexico and accompanying
pipeline to deliver water to the Mexican potable water system and the U.S. border.
The project is currently in the development stage and NSC does not generate
any operating revenues.
Consolidated Water (Asia) Pte. Limited (“CW-Asia”) and PT
Consolidated Water Bali (“CW-Bali”). During 2012 we formed CW-Asia,
a 95% owned Singapore company and CW-Bali, an Indonesian company, which is 95%
owned by CW-Asia. During 2013, CW-Bali completed construction of a 264,000 gallon
per day desalination plant and in 2014 we expanded the capacity of this plant
to 790,000 gallons per day. This plant provides water to resort properties in
the Nusa Dua area of Bali, Indonesia.
Our strategy is to provide water services in areas where (i) the supply of
potable water is scarce and (ii) the production of potable water by reverse
osmosis desalination is, or will be, economically viable for customers in those
areas. We focus primarily on markets with the following characteristics that
make them attractive for our business:
inadequate sources of potable water.
favorable regulatory and tax environments.
a large proportion of tourist properties (which historically have generated
higher volume sales than residential properties).
growing populations and economies.
We believe that our potential market includes any location with a demand for,
but a limited supply of, potable water that has access to seawater. The desalination
of seawater is the most widely used process for producing potable water in areas
with an insufficient natural supply. In addition, in many locations, desalination
is the only commercially viable means to expand the existing water supply. We
believe that our experience in the development and operation of reverse osmosis
desalination plants provides us with the capabilities to successfully expand
our operations beyond our existing markets and we expect to do so in the coming
years.
Expanding our existing operations in the Cayman Islands, The Bahamas
and Belize. We plan to continue to seek new water supply agreements and licenses,
renewing our existing supply agreements, and increasing our production levels
in our existing markets.
Penetrating new markets. We plan to continue to seek opportunities to
profitably expand our operations into new markets that have significant unfulfilled
demands for potable water. These markets include the rest of the Caribbean,
Mexico, Asia and other areas where we can provide water on a profitable basis
and in favorable regulatory environments. We may pursue these opportunities
either on our own or through joint ventures and strategic alliances.
Broadening our existing and future operations into complementary services.
We consider opportunities to leverage our water-related expertise to enter complementary
service industries as viable complements to our existing business and will pursue
such opportunities as they arise. We may pursue these opportunities either on
our own or through joint ventures, strategic alliances and/or acquisitions.
Company Address: Windward Three, 4th Floor, West Bay Road Grand Cayman 0
Company Phone Number: 945-4277 Stock Exchange / Ticker: NASDAQ CWCO
CWCO is expected to report next financial results on March 29, 2024. |
Next quarterly dividend pay out on April 30, 2024. |
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Stock Performances by Major Competitors |
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Dividend
Published Tue, Feb 27 2024 1:31 PM UTC
Consolidated Water Co. Ltd., a leading developer and operator of advanced water supply and treatment plants, has recently announced the approval of a quarterly cash dividend of $0.095 per share for the second quarter of 2024. This news comes amidst the company's impressive stock performance, with a significant increase of 96.01% from a year ago. However, the stock ...
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Dividend
Published Tue, Nov 28 2023 1:31 PM UTC
Introduction GEORGE TOWN, Cayman Islands ? Consolidated Water Co. Ltd. (NASDAQ Global Select Market: CWCO), a prominent developer and operator of advanced water supply and treatment plants, made an exciting announcement today. The company's board of directors has approved a quarterly cash dividend of $0.095 per share for the first quarter of 2024. This proclamation ...
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Consolidated Water Co Ltd
Consolidated Water Co Ltd, a leading developer and operator of advanced water supply and treatment plants, has seen a significant gain in its shares over the past week. With a solid increase of 5.76%, the company's shares have been performing well, reflecting the positive outlook for the company in the market. Furthermore, when compared to the previous year, the shares have seen a staggering growth of 132.3% in 2023. One of the key factors contributing to this positive performance is the company's recent earnings report for the third quarter of 2023. The report revealed a remarkable increase in revenue, soaring by 99.005% to $49.85 million compared to the same period last year. Additionally, Consolidated Water Co Ltd's income per share experienced an impressive surge of 2600% to $0.54 per share. This is a substantial improvement from the previous reporting season. In the second quarter, revenue had advanced by 12.697% and income per share grew by 17.39%. The net profits of $8.769 million in the fiscal period ending on September 30, 2023, have increased by a significant 1538.65% from the corresponding reporting season in the previous year. This demonstrates the company's strong financial performance and growth potential. Another noteworthy aspect of Consolidated Water Co Ltd's performance is its improving profit margins. The company has seen its net margin rise to 17.59% in the fiscal period ending on September 30, 2023, and its operating margin has edged up to 21.55%. These figures highlight the company's effective management of costs and the ability to maximize profits.
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Consolidated Water Co Ltd
The Consolidated Water Co Ltd (CWCO) has announced very strong financial results for the January to March 31, 2023, time-frame. The company reported a 68.06% increase in revenue, which soared to $32.87 million, and its income per share advanced by a significant 118.18%. This is truly impressive when compared to the same period the year before. Additionally, the Q4 revenue recorded a 15.621% increase from $28.43 million, while earnings per share increased by 141% from $0.10 per share. The company's net earnings of $3.977 million increased by 103.08% from net earnings of $1.958 million reported in the same period the previous year. While these figures are undoubtedly impressive, investors should approach this news with caution. While the company's profit margins have improved, with net margin rising to 12.1% and operating margin edging up to 13.78%, operating earnings only improved 97.56% to $4.528336 million. This suggests that the company may be having difficulties with its operations, and investors should be wary.
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Per Share |
Current |
Earnings (TTM) |
1.34 $ |
Revenues (TTM) |
9.76 $
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Cash Flow (TTM) |
- |
Cash |
3.07 $
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Book Value |
11.48 $
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Dividend (TTM) |
0.35 $ |
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Per Share |
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Earnings (TTM) |
1.34 $
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Revenues (TTM) |
9.76 $ |
Cash Flow (TTM) |
- |
Cash |
3.07 $
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Book Value |
11.48 $ |
Dividend (TTM) |
0.35 $ |
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