Company Analysis

Cadiz, Inc. - Depositary Shares CDZIP

A comprehensive view of key metrics, scores, and financial health for Cadiz, Inc. - Depositary Shares

Overview of Cadiz Inc.

CDZIP NGM

Utilities Utilities - Regulated Water

Cadiz Inc. (CDZIP), in the Utilities - Regulated Water industry, last closed at $19.32, about 0.0% overvalued vs fair value, +10.9% 1Y return, ranked 110/116 in sector.

$19.32

-0.16%

As of April 28, 2026

Previous close • Vol 90d: 13.2%

52-Week Range

Low

16.45

77%

Now 19.32

High

20.20

Enterprise Value

Overall Score

View breakdown

Overall

Growth

Good

Profitability

Weak

Health

Fair

Efficiency

Weak

Growth

Good

Profitability

Weak

Health

Fair

Efficiency

Weak

Completeness: 68%

Confidence: 76%

Updated: Mar 8

Top Beats

Quick Facts

Website https://www.cadizinc.com

HQ Los Angeles, CA

Employees 25

Fiscal year Dec 31

Next Events

Dividend Apr 2

Fair Value Snapshot

Insufficient data

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Shares outstanding missing or non-positive

Engine Room Money Flow™

Regulated Utilities - Where revenue goes and how value is created

Flow Steps

Total Revenue

$9.6M

382.6%%

EBITDA

$-21.7M

11.2%%

Operating Income (EBIT)

$-23.2M

-11%%

Net Income

$-31.1M

1%%

Money Flow Bridge

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Flow Direction: Money moves from left to right

Components: Breakdown shows composition of each stage

Industry-Specific: Regulated Utilities

Data Quality Notes

Note: FFO (Funds From Operations) = Net Income + D&A + Deferred Taxes. This is the standard cash proxy for regulated utilities, replacing FCF as the primary metric — high D&A from rate-base assets systematically depresses FCF.
Note: Deferred Income Tax data unavailable. FFO is estimated as Net Income + D&A only (conservative estimate; true FFO may be higher).
Note: Owner Pocket percentages are relative to FFO (not FCF). Regulated utilities fund dividends from FFO; FCF is depressed by large rate-base depreciation charges.

Quality & Reliability Indicators

FFO / Total Debt

-34.7%

Poor

FFO ÷ Total Debt — the primary S&P/Moody's credit metric for utility ratings. >15% is investment-grade; >20% signals strong credit quality.

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Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Combined dividends, buybacks, and debt reduction

$5.4M

Where It Leaks

Cash Flow Health critical

Significant cash flow inefficiencies identified. Multiple high-impact leaks require attention.

Active Leaks

0/3

Improving

High Impact

Critical

Dividend/Buyback Overreach

Current: 200.0%

Allocation Leak

Locked Leak

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Scores based on quantitative metrics and qualitative factors

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Regulatory Franchise

Weak

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Rate-Base Return Quality

Weak

Dividend Sustainability

Weak

Capital Structure Discipline

Weak

Operational Efficiency

Moderate

Essential Service Resilience

Weak

Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

Regulated Utilities vs Industry Peers 85% Coverage

Click axes to expand details. Marker shows current allocation.

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Growth

74th percentile vs peers

Key Signals

Asset Growth YoY 25.3% 75p Rev Growth YoY 3.83 89p Revenue CAGR 3Y 1.57 89p Equity Growth YoY -15.0% 10p

Strengths

Rev Growth YoY in top 20% of peers (3.83, 89th percentile)
Revenue CAGR 3Y in top 20% of peers (1.57, 89th percentile)
Debt/Assets in top 20% of peers (63.9%, 89th percentile)
Growth above peer median with strong metric coverage (85%)

Risks

No significant risks identified for this axis.

Profitability

10th percentile vs peers

Key Signals

Strengths

Risks

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Safety

38th percentile vs peers

Key Signals

Strengths

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Two Futures

Scenario-based fair value ranges for Cadiz, Inc. - Depositary Shares.

WACC X.X%

X%XX%

Rev CAGR 5Y X.X%

-XX%XX%

Op Margin XX.X%

-XX%XX%

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Bear

- - -

- upside

Base

- - -

- upside

Bull

- - -

- upside

Fair Value Range Current: $-

$- $- $-

Cadiz, Inc. - Depositary Shares CDZIP

Overview of Cadiz Inc.

Quick Facts

Next Events

Fair Value Snapshot

Flow Steps

Money Flow Bridge

Data Quality Notes

Quality & Reliability Indicators

FFO / Total Debt

Locked Metric

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Locked Metric

Locked Metric

Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Dividend/Buyback Overreach

Locked Leak

Locked Leak

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Regulatory Franchise

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Rate-Base Return Quality

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Dividend Sustainability

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Capital Structure Discipline

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Operational Efficiency

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Essential Service Resilience

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Growth

Profitability

Safety

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