# CADIZ Inc. (CDZI) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Utilities / Utilities - Regulated Water. Price $4.17, market value $353 million.

## Valuation
- **P/E (trailing): n/a** (negative earnings). CADIZ Inc. reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 29.8×**. Each dollar of revenue is priced at 29.8×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 75.7×**. The shares trade at 75.7× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **Free-cash-flow yield: -8.9%**. Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.

## Profitability
- **Operating margin: -236.1%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: -209.3%**. The company reported a net loss over the last twelve months.
- **Return on equity: -146.8%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: -25.3%**. Return on all capital, debt included, is -25.3%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -26.1%**. Each dollar of assets produces -26.1% of profit.

## Growth
- **Revenue growth (1 yr): 69.8%** (3-yr 121.5%/yr, 5-yr 97.6%/yr). Revenue grew 69.8% over the last year, against 97.6% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 9.4%**. Earnings per share rose 9.4%, slower than revenue, so margins compressed.

## Financial health
- **Debt to equity: 3.13**. Debt is 3.13 times equity, a leveraged balance sheet, which is normal for utilities.
- **Altman Z-score: 1.55**. A Z-score of 1.55 is in the distress zone, a signal to examine the balance sheet closely.
- **Piotroski F-score: 2/9**. 2 of 9 checks pass: weak or deteriorating financials.

## Dividends
- **Dividend: none**. CADIZ Inc. does not currently pay a dividend.

## Analyst view
- **Analyst consensus: strong_buy** (3 analysts). 3 analysts cover CADIZ Inc.; the consensus is strong_buy, with an average price target of $10.33 (+148% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 16.3%** (YTD -25.8%, 3-mo 0.6%). The shares are up 16.3% over twelve months including dividends.
- **From 52-week high: -40.2%** (45.1% above the low). Trading 40% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 65**. An RSI of 65 is neutral.
- **Beta (1 yr): 1.57** (volatility 65%). Beta of 1.57 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=CDZI · Page: https://foliofundamentals.com/stocks/cdzi

Not investment advice.