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Cadiz Inc.CDZICompetitor analysis, valuation and peers

United States · USD·Real Estate›Real Estate Development
Momentum neutral 46
Mkt cap
$322M
US dollars, full cap
Free float
66%
of shares outstanding
$/day
$6.11M
20-day average traded
P/B
64.61×
price to book
ROE
-183.1%
delivered
Implied ROE
711.7%
what the price asks
Close · USD$3.58
1D+5.3%
1W-21.3%
1M+1.7%
3M+7.8%
6M-24.6%
YTD-36.2%
1Y-29.7%
ATR %9.1%
Beta1.34
52w lowhigh48.6% off high

What Cadiz does

Employees: 31

Cadiz at a glance

Size Cadiz (CDZI) is a United States Real Estate company (Real Estate Development) with a market value of $322M, the 3051st largest of 3,117 United States companies the cockpit tracks. Shares closed at $3.58 on 6 Nov 2026.

Performance Over six months the shares fell 24.6%, against -11.2% for the median peer and -1.1% for the United States market (cap-weighted) — 4th lowest of 20 in its peer set.

Growth Revenue fell 21.3% over the last twelve months (peer median +3.1%); the operating margin is -236.1% (peer median 6.9%).

Valuation It trades at 64.61× book value against a peer median of 1.22× (most expensive of 20).

Price implies The share price implies a return on equity of about 711.7%; Cadiz delivers -183.1%, so the price asks more than the business earns today.

Short interest Short interest is 15.8% of the free float (15 Oct 2026).

Relative performance

8010011 May 202611 Aug 20266 Nov 2026Peer median 90CDZI 77
Six months, rebased to 100: Cadiz against the median of its 20 peers (local-currency closes).

Cadiz financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$11.8M$16.3M$9.61M$1.99M$1.50M
Revenue growth—+70%+383%+33%—
Gross profit$1.78M$3.53M$933,000-$2.27M-$1.24M
EBITDA-$26.2M-$24.0M-$21.9M-$19.6M-$15.9M
Net income-$36.8M-$34.2M-$31.1M-$31.4M-$24.8M
Free cash flow-$31.2M-$26.5M-$22.5M-$26.7M-$22.0M
Capital expenditure$5.14M$7.58M$934,000$5.79M$3.38M
Total debt$120M$104M$85.9M$61.2M$70.4M

Quarterly statements and history in the cockpit →

Cadiz competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-30%-20%-10%0%-20%-10%0%GTC600239000014LND6000820026HEMIPROP8897600807PEAN33193284TRIAN-B23483009479661MLPYVITCDZI6-month return →1-month return →
Up and to the right = strong over both horizons. Cadiz is the large dot.

Fundamentals: return on equity against price-to-book

-150%-100%-50%0%00×200×400×600×GTC600239HEMIPROP88976008079661CDZIReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Cadiz is the large dot.

Capital: ROE delivered against the ROE the price implies

0%200%400%600%0%250%500%750%GTC600239600807MLPCDZIROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Cadiz is the large dot.

Cadiz competitors and peer comparison

How Cadiz compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Cadiz against its 20 peers (data as of 6 Nov 2026)
MeasureCDZIPeer medianRank in peer set
1-month return+1.7%-4.1%3rd highest of 21
6-month return-24.6%-11.2%4th lowest of 20
Return on equity-183.1%0.7%lowest of 20
Price / book64.61×1.22×most expensive of 20
ROE the price implies711.7%6.3%most demanding of 20
ROE delivered-183.1%0.7%lowest of 18

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Cadiz CDZIUnited States$322M-25%-21%-183%64.61×711.7%-183.1%
Globe Trade Centre GTC.WAPoland$322M-19%+4%-16%0.30×4.5%-16.2%
Yunnan Metropolitan Real Estate Development 600239.SSChina$325M-30%-25%1%1.68×12.5%0.7%
Shahe Industrial 000014.SZChina$326M-32%+426%-10%1.58×10.0%-9.8%
BrasilAgro Cia Brasileira de Propriedades Agricolas Sponsored ADR LNDUnited States$328M-14%+14%3%0.83×5.8%2.7%
Runwal Enterprises RUNWALENTR.NSIndia$330Mn/an/an/an/an/an/a
Tianjin Hi-Tech Development 600082.SSChina$315M-3%-26%-3%1.22×5.9%-2.9%
China Motor Bus 0026.HKHong Kong$331M0%-18%-2%0.40×4.0%-1.8%
Hemisphere Properties India HEMIPROP.NSIndia$331M-26%-43%-3%7.20×77.5%n/a
MIRARTH HOLDINGS,Inc 8897.TJapan$332M-1%+25%9%0.63×4.2%9.1%
Jinan High-tech Development 600807.SSChina$311M-23%+24%-136%7.94×48.1%-135.7%
Peach Property PEAN.SWSwitzerland$311M-8%+13%-4%0.33×2.4%-4.4%
A-Living Smart City Services 3319.HKHong Kong$311M-22%-3%1%0.22×5.6%0.9%
Hoosiers 3284.TJapan$310M+3%+56%18%0.97×5.7%17.8%
Fastighets AB Trianon TRIAN-B.STSweden$310M-8%+1%6%0.56×6.3%5.7%
Hiyes International 2348.TWTaiwan$308M-11%-24%10%1.37×4.4%9.8%
Shanghai DOBE Cultural & Creative Industry Development (Group) 300947.SZChina$306M-23%-1%-5%1.65×14.7%-5.1%
Kabuki-Za 9661.TJapan$304M-11%+10%2%4.25×12.2%2.2%
Maui Land & Pineapple MLPUnited States$303M-3%-4%-16%9.77×54.1%-16.1%
Vitruvio Real Estate SOCIMI YVIT.MCSpain$344M+3%+46%7%1.31×6.5%n/a
Yuexiu Services 6626.HKHong Kong$344M0%+3%7%0.63×7.1%7.1%

Questions

Which companies are Cadiz's closest peers?
The cockpit's peer set: Globe Trade Centre (GTC.WA), Yunnan Metropolitan Real Estate Development (600239.SS), Shahe Industrial (000014.SZ), BrasilAgro Cia Brasileira de Propriedades Agricolas Sponsored ADR (LND), Runwal Enterprises (RUNWALENTR.NS), Tianjin Hi-Tech Development (600082.SS), China Motor Bus (0026.HK), Hemisphere Properties India (HEMIPROP.NS).
Is Cadiz expensive compared with its peers?
On price / book it trades at 64.61× against a peer median of 1.22×, most expensive of 20 in its peer set. The share price implies a return on equity of about 711.7%; Cadiz delivers -183.1%, so the price asks more than the business earns today.
How has Cadiz stock performed?
Over six months to 6 Nov 2026 the shares returned -24.6% against -11.2% for the median peer; over one year -29.7%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.