WallStSmart

American States Water Company (AWR)vsPure Cycle Corporation (PCYO)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

American States Water Company generates 1914% more annual revenue ($679.25M vs $33.73M). PCYO leads profitability with a 43.7% profit margin vs 19.7%. PCYO trades at a lower P/E of 17.6x. PCYO earns a higher WallStSmart Score of 68/100 (B-).

AWR

Buy

60

out of 100

Grade: C

Growth: 6.7Profit: 7.5Value: 4.0Quality: 5.0
Piotroski: 4/9Altman Z: 1.23

PCYO

Strong Buy

68

out of 100

Grade: B-

Growth: 8.0Profit: 8.0Value: 6.0Quality: 7.5
Piotroski: 3/9Altman Z: 4.77
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

AWROvervalued (-11.0%)

Margin of Safety

-11.0%

Fair Value

$63.92

Current Price

$85.96

$22.04 premium

UndervaluedFair: $63.92Overvalued

Intrinsic value data unavailable for PCYO.

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

AWR1 strengths · Avg: 10.0/10
Operating MarginProfitability
30.9%10/10

Strong operational efficiency at 30.9%

PCYO6 strengths · Avg: 9.3/10
Profit MarginProfitability
43.7%10/10

Keeps 44 of every $100 in revenue as profit

Revenue GrowthGrowth
60.0%10/10

Revenue surging 60.0% year-over-year

Debt/EquityHealth
0.0910/10

Conservative balance sheet, low leverage

Altman Z-ScoreHealth
4.7710/10

Safe zone — low bankruptcy risk

P/E RatioValuation
17.6x8/10

Attractively priced relative to earnings

Price/BookValuation
1.7x8/10

Reasonable price relative to book value

Areas to Watch

AWR3 concerns · Avg: 2.7/10
P/E RatioValuation
26.1x4/10

Moderate valuation

PEG RatioValuation
2.982/10

Expensive relative to growth rate

Altman Z-ScoreHealth
1.232/10

Distress zone — elevated risk

PCYO2 concerns · Avg: 3.0/10
Market CapQuality
$259.29M3/10

Smaller company, higher risk/reward

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

Comparative Analysis Report

WallStSmart Research

Bull Case : AWR

The strongest argument for AWR centers on Operating Margin. Profitability is solid with margins at 19.7% and operating margin at 30.9%. Revenue growth of 14.3% demonstrates continued momentum.

Bull Case : PCYO

The strongest argument for PCYO centers on Profit Margin, Revenue Growth, Debt/Equity. Profitability is solid with margins at 43.7% and operating margin at 25.7%. Revenue growth of 60.0% demonstrates continued momentum.

Bear Case : AWR

The primary concerns for AWR are P/E Ratio, PEG Ratio, Altman Z-Score.

Bear Case : PCYO

The primary concerns for PCYO are Market Cap, Piotroski F-Score.

Key Dynamics to Monitor

AWR profiles as a mature stock while PCYO is a growth play — different risk/reward profiles.

PCYO carries more volatility with a beta of 1.23 — expect wider price swings.

PCYO is growing revenue faster at 60.0% — sustainability is the question.

AWR generates stronger free cash flow (23M), providing more financial flexibility.

Bottom Line

PCYO scores higher overall (68/100 vs 60/100), backed by strong 43.7% margins and 60.0% revenue growth. Both earn "Strong Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

American States Water Company

UTILITIES · UTILITIES - REGULATED WATER · USA

American States Water Company provides water and electricity services to residential, commercial, industrial and other customers in the United States. The company is headquartered in San Dimas, California.

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Pure Cycle Corporation

UTILITIES · UTILITIES - REGULATED WATER · USA

Pure Cycle Corporation designs, builds, operates and maintains water and wastewater systems in the Denver metropolitan area and Colorado Front Range in the United States. The company is headquartered in Watkins, Colorado.

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