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Company Analysis

Pure Cycle Corporation PCYO

A comprehensive view of key metrics, scores, and financial health for Pure Cycle Corporation

Overview of Pure Cycle Corporation

PCYO NCM
Utilities Utilities - Regulated Water Framework: Regulated Utilities Micro Cap
Pure Cycle Corporation (PCYO), is a Micro Cap company, in the Utilities - Regulated Water industry, last closed at $11.06, about 76.9% overvalued vs fair value, +0.4% 1Y return, ranked 45/117 in sector.
Metrics P/E 18.6× Rev Growth -9.3% ROE 9.6% Gross Margin 61.5%
USD 11.06
-1.16%
(Delayed)
• Vol 90d: 28.3%
52-Week Range
Market Cap
$257.91M
Enterprise Value
$263.60M
Overall Score
View breakdown
Overall
Growth
Good
Profitability
Fair
Health
Fair
Efficiency
Weak
Valuation
Fair
Growth
Good
Profitability
Fair
Health
Fair
Efficiency
Weak
Valuation
Fair
Completeness: 100%
Confidence: 62%
Updated: Sep 12
Top Beats

Quick Facts

Website https://www.purecyclewater.com
HQ Watkins, CO
Employees 44
Fiscal year Aug 31

Next Events

No upcoming events available.

Fair Value Snapshot

Bear Base Bull
$2
$3
$3
Current: $11.06 -77% vs base

Engine Room Money Flow™

Micro Cap

Regulated Utilities - Where revenue goes and how value is created

Flow Steps
Total Revenue
$26.1M
-9.3%%
EBITDA
$20.2M
11.1%%
Operating Income (EBIT)
$7.7M
-37.3%%
Net Income
$13.1M
12.9%%
Money Flow Bridge
Flow Direction: Money moves from left to right
Components: Breakdown shows composition of each stage
Industry-Specific: Regulated Utilities

Quality & Reliability Indicators

Interest Coverage FY2025
42.0x
Excellent

EBIT / |Interest Expense|

EBIT / |Interest Expense| — debt serviceability

Locked Metric
-
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Where It Leaks

Cash Flow Health healthy
Strong cash conversion with minimal leakage across profit-to-cash-to-value chain.
1
Active Leaks
1/1
Improving
0
High Impact
0
Critical
Moat Analysis Regulated Utilities

Competitive Advantage Assessment

Evaluating Pure Cycle Corporation's durable competitive advantages across 6 defense dimensions

Overall Moat Strength
48
/100
Developing
Scores based on quantitative metrics and qualitative factors
Full moat analysis

Key strengths

  • Earning the Allowed ROE Return on equity is strong vs peers (score 0.81), suggesting rate-base growth is translating into earnings.
  • Strong Regulated Margins Regulated margin level is strong (score 0.73), indicating favourable rate-case outcomes.

Key risks

  • Unstable Regulated Margins Margin stability is low (score 0.15), raising questions about rate-case predictability.
  • Volatile Payout Coverage Cash flow coverage stability is poor (score 0.08), elevating dividend risk.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Regulatory Franchise

Developing
33
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Trade-Off Ledger™

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

Regulated Utilities vs Industry Peers 100% Coverage
Trade-Off Triangle Visualization A ternary plot showing PCYO's balance between Growth (21.4%), Profitability (35.6%), and Safety (43.0%). Growth 21% Safety 43% Profitability 36%

Click axes to expand details. Marker shows current allocation.

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Growth

47th percentile vs peers
48
Key Signals
Asset Growth YoY 10.1% 61p EPS Growth YoY 12.8% 61p Revenue CAGR 3Y 4.3% 51p Equity Growth YoY 10.1% 68p Rev Growth YoY -9.2% 8p
Strengths
  • EBITDA Margin in top 20% of peers (77.4%, 93th percentile)
  • Operating Margin in top 20% of peers (29.4%, 87th percentile)
  • Operating Cash Flow Margin in top 20% of peers (50.5%, 95th percentile)
  • Net Debt/EBITDA in top 20% of peers (-74.9%, 96th percentile)
Risks
  • Rev Growth YoY in bottom 20% of peers (-9.2%)

Profitability

79th percentile vs peers
79
Key Signals
Strengths
Risks
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Safety

95th percentile vs peers
96
Key Signals
Strengths
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Two Futures

Scenario-based fair value ranges for Pure Cycle Corporation.

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Unable to Compute Fair Value

This company cannot be valued using standard models.

What this means: The Scenario Theatre requires financial data (revenue, cash flow, shares outstanding) to calculate fair value estimates. This data may be unavailable for:

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  • Shell companies or holding companies
  • Companies that haven't filed recent financials
  • Foreign companies with limited data coverage
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Bear
-
- - -
- upside
-
Base
$2.55
- - -
-76.9% vs current
Snapshot base estimate
Bull
-
- - -
- upside
-
Fair Value Range Current: $-
$- $- $-
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