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Definitive Analysis

Financial Statements

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Ticker

Industry

Sector

Page: Earnings Power Value

H2O America

Ticker: HTO | Industry: Regulated Water | Sector: Utilities
$52.33 -0.19 (-0.36%)
As of: 2026-01-23

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Valuation Snapshot

Intrinsic Range$54.71 — $74.20
Selected Value (Mid)$64.46
Live Price$49.36
Upside / Downside30.59%

EPV Per Share Breakdown

MetricLowMidHigh
EPV Per Share$54.71$64.46$74.20

Normalized EBIT Margin

ScenarioMargin
Low19.88%
Mid23.38%
High26.89%

Normalized Tax Rate

MetricValue
Tax Rate15.00%

Adjusted Earnings (NOPAT)

ScenarioValue
Low135,869,738
Mid159,846,750
High183,823,763

Capital Structure

ComponentValue
Net Debt18,010,000
Shares Outstanding35,543,224
WACC6.92%

Reverse EPV (Market Implied)

If "Implied" > "Actual", market expects profitability to improve.

MetricActual (LTM)Market Implied
EBIT Margin23.38%19.04%
NOPAT (Earnings)159,846,750130,151,681
Enterprise Value2,309,082,6731,880,119,505

Valuation Details

MetricLowMidHigh
Enterprise Value1,962,720,2722,309,082,6732,655,445,074
(-) Net Debt18,010,00018,010,00018,010,000
(=) Equity Value1,944,710,2722,291,072,6732,637,435,074
(/) Shares Outstanding35,543,22435,543,22435,543,224
(=) Fair Value$54.71$64.46$74.20
Live Price$49.36$49.36$49.36
Upside %10.85%30.59%50.33%

High-Upside EPV Screener

US Market Global Market
1 »
Ticker Company Price EPV Upside
PLBC Plumas Bancorp $44.78 $71.38 59.41%
NMT Nuveen Massachusetts Quality Municipal Income Fund $11.39 $18.13 59.18%
COG Cabot Oil & Gas Corporation $22.25 $35.41 59.13%
IAF Abrdn Australia Equity Fund Inc $12.96 $20.54 58.50%
CFFI C&F Financial Corporation $69.53 $110.16 58.44%
RF-PF Regions Financial Corporation $25.41 $40.12 57.88%
DRQ Dril-Quip, Inc. $15.41 $24.26 57.42%
EDD Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. $5.58 $8.77 57.09%
RMNI Rimini Street, Inc. $3.90 $6.13 57.06%
TRIN Trinity Capital Inc. $15.47 $24.21 56.49%
CNX CNX Resources Corporation $36.27 $56.75 56.47%
LBAI Lakeland Bancorp, Inc. $13.43 $20.95 56.00%
PNM PNM Resources, Inc. $40.70 $63.35 55.64%
BCAL Southern California Bancorp $18.79 $29.21 55.46%
PAI Western Asset Investment Grade Income Fund Inc. $12.49 $19.41 55.38%
OPRT Oportun Financial Corporation $5.21 $8.08 55.02%
WKC World Kinect Corporation $26.15 $40.50 54.87%
CPSI Computer Programs and Systems, Inc. $9.22 $14.26 54.68%
OXLCG Oxford Lane Capital Corp. 7.95% Notes due 2032 $25.23 $38.79 53.76%
PBFS Pioneer Bancorp, Inc. $13.35 $20.53 53.75%
TEI Templeton Emerging Markets Income Fund $6.61 $10.15 53.63%
RSRFX Reaves Utilities and Energy Infrastruct Fund Insti Shares $10.61 $16.30 53.62%
CBL CBL & Associates Properties, Inc. $37.82 $58.07 53.53%
IPLDP Interstate Power and Light Company $24.99 $38.30 53.25%
FBIZ First Business Financial Services, Inc. $54.54 $83.32 52.77%
PAA Plains All American Pipeline, L.P. $18.06 $27.57 52.67%
SBC SBC Medical Group Holdings Incorporated $4.44 $6.77 52.58%
PPT Putnam Premier Income Trust $3.57 $5.44 52.26%
FTAI-PB Fortress Transportation and Infrastructure Investors LLC $24.26 $36.89 52.08%
0HW4.L Charter Communications, Inc. $207.07 $313.72 51.50%
GOED Polished.com Inc. $1.23 $1.86 51.25%
KREF KKR Real Estate Finance Trust Inc. $7.86 $11.89 51.25%
NDP Tortoise Energy Independence Fund, Inc. $40.40 $61.08 51.18%
NMI Nuveen Municipal Income Fund, Inc. $10.05 $15.17 50.93%
FMY First Trust Mortgage Income Fund $12.04 $18.16 50.86%
RQI Cohen & Steers Quality Income Realty Fund, Inc. $11.77 $17.71 50.46%
VPV Invesco Pennsylvania Value Municipal Income Trust $10.47 $15.73 50.20%
SSBK Southern States Bancshares, Inc. $36.37 $54.55 49.99%
CGO Calamos Global Total Return Fund $11.73 $17.58 49.90%
LNKB LINKBANCORP, Inc. $8.22 $12.28 49.45%
RJF Raymond James Financial, Inc. $168.86 $252.14 49.32%
ACSMX Advisors Capital Small/Mid Cap $11.71 $17.48 49.29%
HBB Hamilton Beach Brands Holding Company $16.56 $24.63 48.71%
NECB Northeast Community Bancorp, Inc. $22.43 $33.35 48.68%
GPP Green Plains Partners LP $12.31 $18.28 48.52%
FPH Five Point Holdings, LLC $5.75 $8.51 47.99%
ESBA Empire State Realty OP, L.P. $6.31 $9.33 47.84%
RBCAA Republic Bancorp, Inc. $68.59 $101.19 47.53%
KROS Keros Therapeutics, Inc. $17.79 $26.23 47.46%
PRT PermRock Royalty Trust $2.74 $4.04 47.29%