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ERII - Energy Recovery, Inc.

NASDAQ -> Industrials -> Pollution & Treatment Controls
San Leandro, United States
Type: Equity

ERII price evolution
ERII
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Current assets
Cash $68.1 $51.44 $44.24 $66.33
Short term investments $40.45 $33.09 $50.83 $32.34
Net receivables $46.94 $23.34 $15.36 $11.58
Inventory $26.15 $33.89 $36.31 $33.12
Total current assets $185.47 $146.27 $150.29 $147.94
Long term investments $13.83 $21.39 $2.47 $3.02
Property, plant & equipment $30.17 $30.64 $31.7 $32.42
Goodwill & intangible assets $12.79 $12.79 $12.79 $12.79
Total noncurrent assets $67.5 $76.39 $59.38 $60.02
Total investments $54.28 $54.49 $53.3 $35.36
Total assets $252.97 $222.66 $209.67 $207.97
Current liabilities
Accounts payable $3 $1.81 $1.74 $1.96
Deferred revenue $1.1 $1.47 $1.27 $1.45
Short long term debt
Total current liabilities $21.47 $16.42 $15.19 $13.24
Long term debt
Total noncurrent liabilities $11.7 $12.21 $12.7 $13.22
Total debt
Total liabilities $33.17 $28.63 $27.89 $26.46
Shareholders' equity
Retained earnings $82.66 $62.85 $53.19 $54.86
Other shareholder equity -$0.04 -$0.18 -$0.13 -$0.27
Total shareholder equity $219.81 $194.03 $181.78 $181.5
(in millions $) 31 Dec 2023 31 Jan 2023 31 Dec 2021 31 Dec 2020
Current assets
Cash $68.1 $56.35 $74.36 $94.25
Short term investments $40.45 $33.48 $31.33 $20.45
Net receivables $46.94 $35.78 $20.61 $11.79
Inventory $26.15 $28.37 $20.38 $11.75
Total current assets $185.47 $157.87 $151.76 $143.19
Long term investments $13.83 $3.06 $2.3
Property, plant & equipment $30.17 $32.7 $35.01 $36.27
Goodwill & intangible assets $12.79 $12.79 $12.83 $12.84
Total noncurrent assets $67.5 $59.17 $61.93 $61.12
Total investments $54.28 $36.54 $33.63 $20.45
Total assets $252.97 $217.04 $213.69 $204.31
Current liabilities
Accounts payable $3 $0.81 $0.91 $1.12
Deferred revenue $1.1 $1.2 $3.32 $1.55
Short long term debt
Total current liabilities $21.47 $18.3 $19.79 $15.73
Long term debt
Total noncurrent liabilities $11.7 $13.4 $15.13 $16.96
Total debt
Total liabilities $33.17 $31.7 $34.91 $32.69
Shareholders' equity
Retained earnings $82.66 $61.15 $37.1 $22.83
Other shareholder equity -$0.04 -$0.35 -$0.15 $0.05
Total shareholder equity $219.81 $185.34 $178.78 $171.62
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Revenue
Total revenue $57.19 $37.04 $20.72 $13.4
Cost of revenue $17.69 $11.15 $7.18 $5.25
Gross Profit $39.5 $25.88 $13.54 $8.15
Operating activities
Research & development $4.96 $3.97 $3.77 $4.31
Selling, general & administrative $13.93 $12.78 $12.36 $11.96
Total operating expenses $18.89 $16.75 $16.13 $16.27
Operating income $20.61 $9.13 -$2.59 -$8.11
Income from continuing operations
EBIT $21.91 $10.18 -$1.93 -$7.46
Income tax expense $2.11 $0.52 -$0.27 -$1.16
Interest expense
Net income
Net income $19.8 $9.66 -$1.67 -$6.3
Income (for common shares) $19.8 $9.66 -$1.67 -$6.3
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Revenue
Total revenue $128.35 $125.59 $103.9 $118.99
Cost of revenue $41.27 $38.23 $32.67 $28.25
Gross Profit $87.08 $87.36 $71.23 $90.74
Operating activities
Research & development $17 $17.91 $20.07 $23.45
Selling, general & administrative $51.03 $44.62 $37.32 $33.65
Total operating expenses $68.03 $62.53 $57.4 $59.44
Operating income $19.05 $24.83 $13.83 $31.29
Income from continuing operations
EBIT $22.7 $26.07 $14 $32.13
Income tax expense $1.2 $2.02 -$0.27 $5.75
Interest expense
Net income
Net income $21.5 $24.05 $14.27 $26.39
Income (for common shares) $21.5 $24.05 $14.27 $26.39
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Net income $19.8 $9.66 -$1.67 -$6.3
Operating activities
Depreciation $1.45 $1.47 $1.44 $1.39
Business acquisitions & disposals
Stock-based compensation $2.23 $1.79 $1.72 $2.3
Total cash flows from operations $13.78 $7.75 -$4.13 $8.66
Investing activities
Capital expenditures -$1.38 -$0.33 -$0.57
Investments $0.64 -$1.01 -$17.63 $1.36
Total cash flows from investing -$0.74 -$1.34 -$18.2 $1.17
Financing activities
Dividends paid
Sale and purchase of stock $3.61 $0.81 $0.21 $0.17
Net borrowings
Total cash flows from financing $3.61 $0.81 $0.21 $0.17
Effect of exchange rate $0.01 -$0.01 $0.03 $0.01
Change in cash and equivalents $16.66 $7.2 -$22.09 $10
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Net income $21.5 $24.05 $14.27 $26.39
Operating activities
Depreciation $5.75 $6.3 $5.94 $5.3
Business acquisitions & disposals
Stock-based compensation $8.04 $6.51 $6.05 $4.79
Total cash flows from operations $26.05 $12.63 $13.53 $16.87
Investing activities
Capital expenditures -$2.48 -$3.13 -$6.68 -$6.79
Investments -$16.63 -$3.82 -$13.88 $53.38
Total cash flows from investing -$19.11 -$6.95 -$20.56 $46.6
Financing activities
Dividends paid
Sale and purchase of stock $4.79 -$23.67 -$12.79 $4.4
Net borrowings
Total cash flows from financing $4.79 -$23.67 -$12.79 $4.37
Effect of exchange rate $0.03 -$0.02 -$0.07 $0.03
Change in cash and equivalents $11.77 -$18 -$19.9 $67.87
Fundamentals
Market cap $898.72M
Enterprise value $830.62M
Shares outstanding 56.88M
Revenue $128.35M
EBITDA $28.45M
EBIT $22.70M
Net Income $21.50M
Revenue Q/Q 35.23%
Revenue Y/Y 2.20%
P/E ratio 41.79
EV/Sales 6.47
EV/EBITDA 29.19
EV/EBIT 36.58
P/S ratio 7.00
P/B ratio 4.09
Book/Share 3.87
Cash/Share 1.20
EPS $0.38
ROA 9.63%
ROE 11.07%
Debt/Equity 0.15
Net debt/EBITDA -1.23
Current ratio 8.64
Quick ratio 7.42