Waters Corporation (LON:0LTI)

Waters Statistics

Total Valuation

Waters has a market cap or net worth of GBP 13.11 billion. The enterprise value is 14.02 billion.

Market Cap	13.11B
Enterprise Value	14.02B

Important Dates

The next estimated earnings date is Tuesday, October 28, 2025.

Earnings Date	Oct 28, 2025
Ex-Dividend Date	n/a

Share Statistics

Current Share Class	59.52M
Shares Outstanding	n/a
Shares Change (YoY)	+0.23%
Shares Change (QoQ)	-0.09%
Owned by Insiders (%)	n/a
Owned by Institutions (%)	n/a
Float	59.40M

Valuation Ratios

The trailing PE ratio is 27.19 and the forward PE ratio is 21.61.

PE Ratio	27.19
Forward PE	21.61
PS Ratio	5.90
PB Ratio	8.33
P/TBV Ratio	74.08
P/FCF Ratio	n/a
P/OCF Ratio	n/a
PEG Ratio	n/a

Enterprise Valuation

The stock's EV/EBITDA ratio is 17.30, with an EV/FCF ratio of 31.05.

EV / Earnings	29.08
EV / Sales	6.22
EV / EBITDA	17.30
EV / EBIT	22.07
EV / FCF	31.05

Financial Position

The company has a current ratio of 1.75, with a Debt / Equity ratio of 0.74.

Current Ratio	1.75
Quick Ratio	1.08
Debt / Equity	0.74
Debt / EBITDA	1.46
Debt / FCF	2.58
Interest Coverage	12.43

Financial Efficiency

Return on equity (ROE) is 37.03% and return on invested capital (ROIC) is 14.78%.

Return on Equity (ROE)	37.03%
Return on Assets (ROA)	11.70%
Return on Invested Capital (ROIC)	14.78%
Return on Capital Employed (ROCE)	23.19%
Revenue Per Employee	292,257
Profits Per Employee	63,458
Employee Count	7,600
Asset Turnover	0.66
Inventory Turnover	2.35

Taxes

In the past 12 months, Waters has paid 94.64 million in taxes.

Income Tax	94.64M
Effective Tax Rate	16.40%

Stock Price Statistics

The stock price has decreased by -12.52% in the last 52 weeks. The beta is 1.05, so Waters's price volatility has been similar to the market average.

Beta (5Y)	1.05
52-Week Price Change	-12.52%
50-Day Moving Average	310.71
200-Day Moving Average	354.93
Relative Strength Index (RSI)	46.18
Average Volume (20 Days)	85

Short Selling Information

Short Interest	n/a
Short Previous Month	n/a
Short % of Shares Out	n/a
Short % of Float	n/a
Short Ratio (days to cover)	3.17

Income Statement

In the last 12 months, Waters had revenue of GBP 2.22 billion and earned 482.28 million in profits. Earnings per share was 8.08.

Revenue	2.22B
Gross Profit	1.31B
Operating Income	625.89M
Pretax Income	576.92M
Net Income	482.28M
EBITDA	769.62M
EBIT	625.89M
Earnings Per Share (EPS)	8.08

Balance Sheet

The company has 267.77 million in cash and 1.16 billion in debt, giving a net cash position of -895.46 million.

Cash & Cash Equivalents	267.77M
Total Debt	1.16B
Net Cash	-895.46M
Net Cash Per Share	n/a
Equity (Book Value)	1.57B
Book Value Per Share	26.46
Working Capital	558.55M

Cash Flow

In the last 12 months, operating cash flow was 543.55 million and capital expenditures -91.92 million, giving a free cash flow of 451.63 million.

Operating Cash Flow	543.55M
Capital Expenditures	-91.92M
Free Cash Flow	451.63M
FCF Per Share	n/a

Margins

Gross margin is 59.02%, with operating and profit margins of 28.18% and 21.71%.

Gross Margin	59.02%
Operating Margin	28.18%
Pretax Margin	25.97%
Profit Margin	21.71%
EBITDA Margin	34.65%
EBIT Margin	28.18%
FCF Margin	20.33%

Dividends & Yields

Waters does not appear to pay any dividends at this time.

Dividend Per Share	n/a
Dividend Yield	n/a
Dividend Growth (YoY)	n/a
Years of Dividend Growth	n/a
Payout Ratio	n/a
Buyback Yield	-0.23%
Shareholder Yield	n/a
Earnings Yield	3.68%
FCF Yield	3.44%

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value
Lynch Upside
Graham Number
Graham Upside

Stock Splits

This stock does not have any record of stock splits.

Last Split Date	n/a
Split Type	n/a
Split Ratio	n/a

Scores

Waters has an Altman Z-Score of 9.37 and a Piotroski F-Score of 6.

Altman Z-Score	9.37
Piotroski F-Score	6