California Water Service Group

AI-generated fair value estimate for this company.

Method: Dividend discount model: EPS $2.155 (TTM net income $133.21M / 61.84M shares); 62% payout ratio; 5% long-run dividend/rate-base growth; 8% cost of equity; 61.84M shares outstanding.

Reasoning: California Water Service is a rate-regulated water utility whose equity value is driven by its allowed return on a growing regulated rate base rather than free cash flow (which is structurally suppressed by continuous capex); a dividend discount model using its payout ratio and historical rate-base growth is the more appropriate method.