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Consolidated Water - Fundamentalanalyse - Jahresbericht / Bilanz / Geschäftsbericht

Consolidated Water (ISIN: KYG237731073, WKN: 913867) Kursdatum: 21.07.2017 Kurs: 12,900 USD
Beschreibung Daten
Symbol CWCO
Marktkapitalisierung 192.777.600,00 USD
Land Kaimaninseln
Indizes NASDAQ Comp.
Sektor Versorger
Rohdaten nach US GAAP in Millionen USD
Aktiensplits 2005-08-25 - 2:1 |
Internet
Letztes Bilanz Update 16.03.2017

Fundamentaldaten

Fundamental Verhältnisse errechnet am: 21.07.2017
KFCV KCV DIV Rendite GKR EKQ KGV KUV KBV
44,20 24,64 2,33% 2,47 89,00 47,78 3,33 1,32

Firmenbeschreibung

Firmenstrategie

Basis of consolidation: The accompanying consolidated financial statements include the accounts of the Company’s (i) wholly-owned subsidiaries, Aquilex, Inc., Cayman Water Company Limited (“Cayman Water”), Consolidated Water (Belize) Limited (“CW-Belize”), Ocean Conversion (Cayman) Limited (“OC-Cayman”), DesalCo Limited (“DesalCo”), Consolidated Water Cooperatief, U.A. (“CW-Cooperatief”); and (ii) majority-owned subsidiaries Consolidated Water (Bahamas) Ltd. (“CW-Bahamas”), Consolidated Water (Asia) Pte. Limited, PT Consolidated Water Bali (“CW-Bali”) and N.S.C. Agua, S.A. de C.V. (“NSC”). The Company’s investment in its affiliate, Ocean Conversion (BVI) Ltd. (“OC-BVI”), is accounted for using the equity method of accounting. All significant intercompany balances and transactions have been eliminated in consolidation.

RevenueRecognitionPolicyTextBlock

 

 

Revenue from water sales: The Company recognizes revenues from water sales at the time water is supplied to the customer’s facility or storage tank. The amount of water supplied is determined based upon water meter readings performed at the end of each month. Under the terms of both its license agreement with the government of the Cayman Islands and its bulk water supply contracts, the Company is entitled to charge its customers the greater of a minimum monthly charge or the price for water supplied during the month.

 

SegmentReportingDisclosureTextBlock

 

16. Segment information

 

 

 

The Company has three reportable segments: retail, bulk and services. The retail segment primarily operates the water utility for the Seven Mile Beach and West Bay areas of Grand Cayman Island pursuant to an exclusive license granted by the Cayman Islands government. The bulk segment supplies potable water to government utilities in Grand Cayman, The Bahamas and Belize under long-term contracts. The services segment designs, constructs and sells desalination plants to third parties and provides desalination plant management and operating services to affiliated companies. Consistent with prior periods, the Company records all non-direct general and administrative expenses in its retail business segment and does not allocate any of these non-direct costs to its other two business segments.

 

 

 

The accounting policies of the segments are consistent with those described in Note 2. The Company evaluates each segment’s performance based upon its income from operations. All intercompany transactions are eliminated for segment presentation purposes.

 

 

 

The Company’s segments are strategic business units that are managed separately because, while all segments derive their revenues from desalination-related activities, each segment sells different products and/or services, serves customers with distinctly different needs and generates different gross profit margins.

 

 

 

 
 
 
 
 
 
 
Year Ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
Retail
 
 
 
 
 
Bulk
 
 
 
 
 
Services
 
 
 
 
 
Total
 
 
 
 
 
Revenues
 
 
 
 
 
$
 
 
23,254,757
 
 
 
 
 
$
 
 
31,854,255
 
 
 
 
 
$
 
 
2,007,190
 
 
 
 
 
$
 
 
57,116,202
 
 
 
 
 
Cost of revenues
 
 
 
 
 
 
 
 
10,925,634
 
 
 
 
 
 
 
 
21,634,789
 
 
 
 
 
 
 
 
1,629,221
 
 
 
 
 
 
 
 
34,189,644
 
 
 
 
 
Gross profit (loss)
 
 
 
 
 
 
 
 
12,329,123
 
 
 
 
 
 
 
 
10,219,466
 
 
 
 
 
 
 
 
377,969
 
 
 
 
 
 
 
 
22,926,558
 
 
 
 
 
General and administrative expenses
 
 
 
 
 
 
 
 
10,713,687
 
 
 
 
 
 
 
 
1,605,943
 
 
 
 
 
 
 
 
2,138,864
 
 
 
 
 
 
 
 
14,458,494
 
 
 
 
 
Income (loss) from operations
 
 
 
 
 
$
 
 
1,615,436
 
 
 
 
 
$
 
 
8,613,523
 
 
 
 
 
$
 
 
(1,760,895)
 
 
 
 
 
 
 
 
8,468,064
 
 
 
 
 
Other income (expense), net
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(542,570)
 
 
 
 
 
Net income
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
7,925,494
 
 
 
 
 
Income attributable to non-controlling interests
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
406,793
 
 
 
 
 
Net income attributable to Consolidated Water Co. Ltd. stockholders
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$
 
 
7,518,701
 
 
 
 

 

 

 

 

 

Depreciation and amortization expenses for the year ended December 31, 2015 for the retail, bulk and services segments were $2,344,315, $3,389,717 and $102,901, respectively.

 

 

 
 
 
 
 
 
 
As of December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
Retail
 
 
 
 
 
Bulk
 
 
 
 
 
Services
 
 
 
 
 
Total
 
 
 
 
 
Accounts receivable, net
 
 
 
 
 
$
 
 
2,261,141
 
 
 
 
 
$
 
 
6,231,626
 
 
 
 
 
$
 
 
1,036,249
 
 
 
 
 
$
 
 
9,529,016
 
 
 
 
 
Property plant and equipment, net
 
 
 
 
 
$
 
 
25,204,226
 
 
 
 
 
$
 
 
28,421,906
 
 
 
 
 
$
 
 
117,038
 
 
 
 
 
$
 
 
53,743,170
 
 
 
 
 
Construction in progress
 
 
 
 
 
$
 
 
1,860,050
 
 
 
 
 
$
 
 
68,560
 
 
 
 
 
$
 
 
-
 
 
 
 
 
$
 
 
1,928,610
 
 
 
 
 
Goodwill
 
 
 
 
 
$
 
 
1,170,511
 
 
 
 
 
$
 
 
2,328,526
 
 
 
 
 
$
 
 
-
 
 
 
 
 
$
 
 
3,499,037
 
 
 
 
 
Land held for development
 
 
 
 
 
$
 
 
-
 
 
 
 
 
$
 
 
-
 
 
 
 
 
$
 
 
20,558,424
 
 
 
 
 
$
 
 
20,558,424
 
 
 
 
 
Total assets
 
 
 
 
 
$
 
 
54,603,249
 
 
 
 
 
$
 
 
83,284,439
 
 
 
 
 
$
 
 
23,729,010
 
 
 
 
 
$
 
 
161,616,698
 
 
 
 

 

 

 

 

EarningsPerSharePolicyTextBlock

 

15. Earnings per share

 

 

 

Earnings per share (“EPS”) are computed on a basic and diluted basis. Basic EPS is computed by dividing net income (less preferred stock dividends) available to common stockholders by the weighted average number of common shares outstanding during the period. The computation of diluted EPS assumes the issuance of common shares for all potential common shares outstanding during the reporting period and, if dilutive, the effect of stock options as computed under the treasury stock method.

 

 

 

The following summarizes information related to the computation of basic and diluted EPS:

 

 

 

 

 
 
 
 
 
 
 
Year Ended December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
Retail
 
 
 
 
 
Bulk
 
 
 
 
 
Services
 
 
 
 
 
Total
 
 
 
 
 
Revenues
 
 
 
 
 
$
 
 
24,104,932
 
 
 
 
 
$
 
 
39,201,011
 
 
 
 
 
$
 
 
2,253,135
 
 
 
 
 
$
 
 
65,559,078
 
 
 
 
 
Cost of rev
 
 
 
 
 
 
 
Year Ended December 31,
 
 
 
 
 
 
 
 
 
 
 
2015
 
 
 
 
 
2014
 
 
 
 
 
2013
 
 
 
 
 
Net income attributable to Consolidated Water Co. Ltd. stockholders
 
 
 
 
 
$
 
 
7,518,701
 
 
 
 
 
$
 
 
6,265,358
 
 
 
 
 
$
 
 
8,594,519
 
 
 
 
 
Less: preferred stock dividends
 
 
 
 
 
 
 
 
(12,028)
 
 
 
 
 
 
 
 
(11,485)
 
 
 
 
 
 
 
 
(11,222)
 
 
 
 
 
Net income available to common shares in the determination of basic earnings per common share
 
 
 
 
 
$
 
 
7,506,673
 
 
 
 
 
$
 
 
6,253,873
 
 
 
 
 
$
 
 
8,583,297
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average number of common shares in the determination of basic earnings per common share attributable to Consolidated Water Co. Ltd. common stockholders
 
 
 
 
 
 
 
 
14,741,748
 
 
 
 
 
 
 
 
14,697,896
 
 
 
 
 
 
 
 
14,633,884
 
 
 
 
 
Plus:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average number of preferred shares outstanding during the period
 
 
 
 
 
 
 
 
38,612
 
 
 
 
 
 
 
 
37,924
 
 
 
 
 
 
 
 
34,827
 
 
 
 
 
Potential dilutive effect of unexercised options and unvested stock grants
 
 
 
 
 
 
 
 
47,395
 
 
 
 
 
 
 
 
28,503
 
 
 
 
 
 
 
 
35,169
 
 
 
 
 
Weighted average number of shares used for determining diluted earnings per common share attributable to Consolidated Water Co. Ltd. common stockholders
 
 
 
 
 
 
 
 
14,827,755
 
 
 
 
 
 
 
 
14,764,323
 
 
 
 
 
 
 
 
14,703,880