Cadiz Inc chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 0.02
Dividend & YieldN/A$ (N/A)
Beta 0.61
Market capitalization 110.53M
Operating cash flow -19M
ESG Scores unknown

Company description

Cadiz Inc., together with its subsidiaries, operates as a natural resources development company in the United States. It engages in the water resource and agricultural development activities in San Bernardino County properties. The company owns approximately 35,000 acres of land in the Cadiz and Fenner valleys of eastern San Bernardino County; and approximately 11,000 acres of land in the eastern Mojave Desert portion of San Bernardino County. It is also involved in the cultivation of lemons, and spring and fall plantings of vegetables and grains. Cadiz Inc. was founded in 1983 and is headquartered in Los Angeles, California.

Sector: Utilities - Industry: Utilities—Regulated Water

Financial Ratios
Quick Ratio5.26
Working Capital-2.92
Return On Equity-0.77
Debt To Equity1.14
Fixed Asset Ratio0.56
Fixed Interest Cover-1.46

Financial data

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities -98k -68k 129k -92k
Total Cashflows From Investing Activities -3.73M -2.5M -9.84M -23.47M
Net Borrowings -56k -59k 107k -27.46M
Total Cash From Financing Activities 15.45M 19.34M 14.87M 51.18M
Change To Operating Activities -105k -893k -2.42M -60k
Issuance Of Stock 15.5M 19.39M 14.77M 32.46M
Net Income -26.27M -29.53M -37.82M -31.25M
Change In Cash -472k 3.12M -8.39M 12.43M
Effect Of Exchange Rate
Total Cash From Operating Activities -12.19M -13.71M -13.43M -15.27M
Depreciation 258k 265k 381k 438k
Change To Account Receivables -2k -11k -6k -215k
Other Cashflows From Financing Activities -5.4M -5.4M -5.4M -5.4M
Change To Netincome 10M 12.59M 25.24M 12.43M
Capital Expenditures -1.73M -1.6M -5.73M -22.91M

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development
Income Before Tax -26.27M -29.52M -37.81M -31.24M
Net Income -26.27M -29.53M -37.82M -31.25M
Selling General Administrative 11.4M 12.16M 11.91M 17.65M
Gross Profit 440k 441k 541k 564k
Ebit -11.22M -11.99M -11.75M -17.51M
Operating Income -11.22M -11.99M -11.75M -17.51M
Interest Expense -16.79M -17.07M -11.66M -11.96M
Income Tax Expense 6k 6k 7k 10k
Total Revenue 440k 441k 541k 564k
Cost Of Revenue
Total Other Income ExpenseNet -15.05M -17.53M -26.06M -13.73M
Net Income From Continuing Ops -26.27M -29.53M -37.82M -31.25M
Net Income Applicable To Common Shares -26.27M -29.53M -37.82M -33.99M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 155.55M 158.84M 99.66M 71.88M
Total Stockholder Equity -86.24M -82.12M -25.3M 40.61M
Other Current Liabilities 1.79M 1.85M 1.29M
Total Assets 69.31M 76.72M 74.36M 112.49M
Common Stock 247k 285k 368k 436k
Other Current Assets 1.29M
Retained Earnings -470.01M -501.6M -539.41M -573.4M
Treasury Stock
Cash 12.56M 15.68M 7.29M 10.96M
Total Current Liabilities 4.14M 4.8M 3.13M 2.51M
Other Stockholder Equity
Property, Plant, and Equipment 46.62M 50.01M 53.5M 82.17M
Total Current Assets 13M 16.12M 8.04M 13.21M
Net Tangible Assets -90.05M -85.93M -29.11M 36.8M
Net Receivables 38k 49k 55k 270k
Accounts Payable 225k 194k 548k 286k


Insider Transactions

Here are the insider transactions of stock shares related to Cadiz Inc:

Filer Name Transaction Text Ownership Date Filer Relation Shares
HEEREMA INTERNATIONAL GROUP SERVICES SAPurchase at price 2.00 per share.I2022-11-09Beneficial Owner of more than 10% of a Class of Security1.78M
BRACKPOOL KEITHStock Award(Grant) at price 1.86 per share.D2022-10-03Director10.08k
GRANT GEOFFREY TStock Award(Grant) at price 1.86 per share.D2022-10-03Director10.08k
HICKOX WINSTON HStock Award(Grant) at price 1.86 per share.D2022-10-03Director10.08k
BRACKPOOL KEITHStock Award(Grant) at price 2.21 per share.D2022-07-12Director5.67k
COURTER STEPHEN EStock Award(Grant) at price 2.21 per share.D2022-07-12Director11.34k
GRANT GEOFFREY TStock Award(Grant) at price 2.21 per share.D2022-07-12Director11.34k
HICKOX WINSTON HStock Award(Grant) at price 2.21 per share.D2022-07-12Director11.34k
LOMBARD KENNETH T.Stock Award(Grant) at price 2.21 per share.D2022-07-12Director2.83k
WEBB DE MAC�?AS CAROLYN DStock Award(Grant) at price 2.21 per share.D2022-07-12Director11.34k
ECHAVESTE MARIAStock Award(Grant) at price 2.21 per share.D2022-07-12Director11.34k
BRACKPOOL KEITHStock Award(Grant) at price 2.42 per share.D2022-07-01Director7.76k
GRANT GEOFFREY TStock Award(Grant) at price 2.42 per share.D2022-07-01Director7.76k
HICKOX WINSTON HStock Award(Grant) at price 2.42 per share.D2022-07-01Director7.76k
BRACKPOOL KEITHPurchase at price 1.95 - 2.00 per share.D2022-04-12Director200k
COURTER STEPHEN EPurchase at price 2.13 - 2.23 per share.D2022-04-04Director10.2k
HICKOX WINSTON HPurchase at price 2.12 - 2.22 per share.D/I2022-04-04Director77.39k
BRACKPOOL KEITHStock Award(Grant) at price 2.08 per share.D2022-04-01Director9.04k
GRANT GEOFFREY TStock Award(Grant) at price 2.08 per share.D2022-04-01Director9.04k
BRACKPOOL KEITHStock Award(Grant) at price 1.75 per share.D2022-03-18Director1.14M
GRANT GEOFFREY TStock Award(Grant) at price 1.75 per share.D2022-03-18Director285.71k
HEEREMA INTERNATIONAL GROUP SERVICES SAPurchase at price 1.75 per share.I2022-03-18Beneficial Owner of more than 10% of a Class of Security2.86M
BRACKPOOL KEITHD2022-02-04Director170k
GRANT GEOFFREY TStock Award(Grant) at price 4.04 per share.D2022-01-03Director4.65k
GRANT GEOFFREY TPurchase at price 4.25 per share.D2021-12-16Director25k
BRACKPOOL KEITHPurchase at price 3.78 per share.D2021-12-15Director30k
BRACKPOOL KEITHPurchase at price 3.60 per share.D2021-12-13Director25k
BRACKPOOL KEITHStock Award(Grant) at price 3.98 per share.D2021-12-10Director50k
GRANT GEOFFREY TStock Award(Grant) at price 4.01 - 4.43 per share.D2021-12-08Director25k
BRACKPOOL KEITHStock Award(Grant) at price 3.98 - 4.10 per share.D2021-12-07Director50k
GRANT GEOFFREY TStock Award(Grant) at price 6.96 per share.D2021-10-01Director2.7k
GRANT GEOFFREY TStock Award(Grant) at price 10.87 per share.D2021-09-08Director25k
BRACKPOOL KEITHD2021-08-13Director55.8k
SPEER STANLEY ED2021-08-13Chief Financial Officer20.12k
SLATER SCOTT SD2021-08-13Chief Executive Officer40.25k
GRANT GEOFFREY TStock Award(Grant) at price 13.16 - 14.04 per share.D2021-07-01Director3.23k
COURTER STEPHEN EStock Award(Grant) at price 13.16 per share.D2021-06-30Director1.9k
HICKOX WINSTON HStock Award(Grant) at price 13.16 per share.D2021-06-30Director1.9k
HICKOX WINSTON HStock Award(Grant) at price 13.16 per share.D2021-06-30Director1.9k
WEBB DE MAC�?AS CAROLYN DStock Award(Grant) at price 13.16 per share.D2021-06-30Director1.9k
ECHAVESTE MARIAStock Award(Grant) at price 13.16 per share.D2021-06-30Director1.9k
KENNEDY SUSAN PStock Award(Grant) at price 13.16 per share.D2021-06-30Director950
NEVINS RICHARDStock Award(Grant) at price 9.63 per share.D2021-04-01Director1.3k
HUTCHISON MURRAY HStock Award(Grant) at price 9.63 per share.D2021-04-01Director1.3k
GRANT GEOFFREY TStock Award(Grant) at price 9.63 per share.D2021-04-01Director1.3k
NEVINS RICHARDStock Award(Grant) at price 10.52 per share.D2021-01-04Director1.19k
HUTCHISON MURRAY HStock Award(Grant) at price 10.52 per share.D2021-01-04Director1.19k
GRANT GEOFFREY TStock Award(Grant) at price 10.52 per share.D2021-01-04Director1.19k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Cadiz Inc. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Cadiz Inc

Here is the result of two systematic investment strategies applied to Cadiz Inc. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Cadiz Inc

The following chart shows the equity curve of the two systematic investment strategies applied to Cadiz Inc:

Cadiz Inc automated entries

The systematic investment strategy that buys the first day of the month would give a performance of -43.28% on the backtest period.

Performance at glance

Performance

-43.28 %

Latent gain

-752.3 $

Invested capital

1738.22 $

Annualized return

-10.56 %
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Momentum strategy results on Cadiz Inc

This is the result of two momentum investment strategies applied to Cadiz Inc. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Cadiz Inc

The following chart shows all the entries opened by the momentum investment system on Cadiz Inc:

Cadiz Inc momentum entries
  • The first momentum investment strategy would give -40.5% of return on Cadiz Inc. That represents -1834.64$ of latent gain with 4530.32$ of employed capital.
  • The second momentum investment strategy would give -40.98% of return on Cadiz Inc. That represents -1225.91$ of latent gain with 2991.83$ of employed capital.
Performance at glance (1Q Momentum)

Performance

-40.5 %

Latent gain

-1834.64 $

Invested capital

4530.32 $

Annualized return

-16.61 %
Performance at glance (2Q Momentum)

Performance

-40.98 %

Latent gain

-1225.91 $

Invested capital

2991.83 $

Annualized return

-11.32 %

Momentum equity curve on Cadiz Inc

The following chart shows the equity curve of the two momentum strategies applied to Cadiz Inc:

Cadiz Inc momentum equity

Note: the dividends potentially given by Cadiz Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Cadiz Inc

The following chart shows the employed capital evolution of the two momentum strategies on Cadiz Inc since the beginning:

Cadiz Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on Cadiz Inc

Buy the dip entry openings on Cadiz Inc

Cadiz Inc

The performance achieved by the robo-advisor on Cadiz Inc is -34.89%. That represents -525.05$ of latent gain with 1504.73$ of employed capital. The following chart shows Cadiz Inc stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Cadiz Inc, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

-34.89 %

Latent gain

-525.05 $

Invested capital

1504.73 $

Annualized return

-16.61 %

Equity curve of the strategy applied to Cadiz Inc

The following chart shows the result of the investment strategy applied to Cadiz Inc:

Cadiz Inc

Note: the dividends potentially given by Cadiz Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Cadiz Inc

The following chart shows the employed capital evolution since the beginning of the investment strategy on Cadiz Inc:

Cadiz Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Cadiz Inc

In this section, I will compare the three previous investment strategies applied to Cadiz Inc.

Equity curve comparison on Cadiz Inc

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Cadiz Inc investment strategy comparison

Employed capital comparison on Cadiz Inc

Cadiz Inc investment comparison

Performance comparison on Cadiz Inc

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment -43.28% -752.3$ 1738.22$ -10.56%
Momentum 1 quarter -40.5% -1834.64$ 4530.32$ -10.49%
Momentum 2 quarters -40.98% -1225.91$ 2991.83$ -11.32%
Non-directional -34.89% -525.05$ 1504.73$ -16.61%
Annualized return comparison

Automatic investment

-10.56 %

Momentum 1Q

-11.32 %

Momentum 2Q

-11.32 %

Non-directional

-16.61 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Cadiz Inc:

Positive correlations

Most correlated stocks this year

  • Cadiz Inc

  • Most correlated stocks last 3 months

  • Cadiz Inc

  • Negative correlation

    Most negatively correlated stocks this year


    Most negatively correlated stocks last 3 months


    Note: The algorithm computes the probability of correlation between Cadiz Inc and the other stocks. There may be false positives or some missing correlated stocks. If the price of Cadiz Inc does not vary for 36 weeks, the correlation calculation result will be wrong.


    Company information

    Company name Cadiz Inc
    Country United States
    City Los Angeles
    Address 550 South Hope Street
    Phone 213 271 1600
    Website www.cadizinc.com
    FullTime employees 10
    Industry Utilities—Regulated Water
    Sector Utilities
    Exchange XNAS
    Ticker CDZI
    Market www.nasdaq.com

    Cadiz Inc ESG Scores

    Environment scores

    Environment ESG Factors Scores
    Environment Score 0
    Peer Environment Performance unknown
    Environment Percentile unknown
    Palm Oil unknown
    Nuclear unknown
    Fur Leather unknown
    GMO unknown
    Coal unknown
    Pesticides unknown
    Animal Testing unknown

    Social scores

    Social ESG Factors Scores
    Social Score 0
    Peer Social Performance unknown
    Social Percentile unknown
    Highest Controversy unknown
    Peer Highest Controversy Performance unknown
    Adult unknown
    Gambling unknown
    Alcoholic unknown
    Tobacco unknown
    Catholic unknown
    Controversial Weapons unknown
    Small Arms unknown
    Military Contract unknown
    Peer Count unknown

    Related Controversy:


    Governance scores

    Governance ESG Factors Scores
    Governance Score 0
    Peer Governance Performance unknown
    Governance Percentile unknown

    ESG at glance
    Total ESG Scores: unknown
    Environment Score: 0
    Social Score: 0
    Governance Score: 0

    ESG Performance: unknown

    Peer Group: unknown

    Peer Esg Score Performance: unknown

    Rating Year: unknown

    Rating Month: unknown

    Max Age: unknown

    Percentile: unknown