Consolidated Water Co. Ltd. (CWCO)

Water Supply

Latest Price

$27.11

TTM P/E

27.38

Normalized P/E

22.55

TTM Div Yield

2.07%

Fwd Div Yield

2.07%

Book Value

14.10

P/B Ratio

1.92

Valuation metrics

EPS: $1.14

Book value / share: $13.88

Formula: √(22.5 × EPS × BVPS)

Graham Number

$18.87

30% downside

Norm. op. income: $9M (median of 7yr)

Tax rate: 7%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$13.21

51% downside

Base FCF: $14M (median of recent 5yr)

Growth: 18%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$46.72

+72% upside

EPS: $1.14

Target P/E: 23×

Formula: EPS × P/E

P/E Fair Value

$26.22

3% downside