Watsco Statistics
Total Valuation
Watsco has a market cap or net worth of $20.08 billion. The enterprise value is $20.35 billion.
| Market Cap | 20.08B |
| Enterprise Value | 20.35B |
Important Dates
The last earnings date was Wednesday, October 23, 2024, before market open.
| Earnings Date | Oct 23, 2024 |
| Ex-Dividend Date | Oct 16, 2024 |
Share Statistics
Watsco has 37.64 million shares outstanding. The number of shares has increased by 2.51% in one year.
| Current Share Class | 32.09M |
| Shares Outstanding | 37.64M |
| Shares Change (YoY) | +2.51% |
| Shares Change (QoQ) | +0.12% |
| Owned by Insiders (%) | 13.73% |
| Owned by Institutions (%) | 96.98% |
| Float | 32.45M |
Valuation Ratios
The trailing PE ratio is 40.95 and the forward PE ratio is 37.45.
| PE Ratio | 40.95 |
| Forward PE | 37.45 |
| PS Ratio | 2.65 |
| Forward PS | 2.44 |
| PB Ratio | 7.45 |
| P/TBV Ratio | 9.91 |
| P/FCF Ratio | 30.39 |
| P/OCF Ratio | 28.98 |
| PEG Ratio | n/a |
Enterprise Valuation
The stock's EV/EBITDA ratio is 26.73, with an EV/FCF ratio of 30.79.
| EV / Earnings | 41.90 |
| EV / Sales | 2.72 |
| EV / EBITDA | 26.73 |
| EV / EBIT | 28.22 |
| EV / FCF | 30.79 |
Financial Position
The company has a current ratio of 3.36, with a Debt / Equity ratio of 0.14.
| Current Ratio | 3.36 |
| Quick Ratio | 1.60 |
| Debt / Equity | 0.14 |
| Debt / EBITDA | 0.48 |
| Debt / FCF | 0.65 |
| Interest Coverage | n/a |
Financial Efficiency
Return on equity (ROE) is 21.22% and return on invested capital (ROIC) is 13.36%.
| Return on Equity (ROE) | 21.22% |
| Return on Assets (ROA) | 10.53% |
| Return on Capital (ROIC) | 13.36% |
| Revenue Per Employee | $1.01M |
| Profits Per Employee | $65,396 |
| Employee Count | 7,425 |
| Asset Turnover | 1.75 |
| Inventory Turnover | 3.48 |
Taxes
In the past 12 months, Watsco has paid $150.19 million in taxes.
| Income Tax | 150.19M |
| Effective Tax Rate | 19.54% |
Stock Price Statistics
The stock price has increased by +36.78% in the last 52 weeks. The beta is 0.87, so Watsco's price volatility has been lower than the market average.
| Beta (5Y) | 0.87 |
| 52-Week Price Change | +36.78% |
| 50-Day Moving Average | 496.93 |
| 200-Day Moving Average | 462.67 |
| Relative Strength Index (RSI) | 63.19 |
| Average Volume (20 Days) | 188,531 |
Short Selling Information
The latest short interest is 2.64 million, so 7.00% of the outstanding shares have been sold short.
| Short Interest | 2.64M |
| Short Previous Month | 3.09M |
| Short % of Shares Out | 7.00% |
| Short % of Float | 8.12% |
| Short Ratio (days to cover) | 11.26 |
Income Statement
In the last 12 months, Watsco had revenue of $7.47 billion and earned $485.57 million in profits. Earnings per share was $13.03.
| Revenue | 7.47B |
| Gross Profit | 1.99B |
| Operating Income | 721.09M |
| Pretax Income | 670.83M |
| Net Income | 485.57M |
| EBITDA | 761.11M |
| EBIT | 721.09M |
| Earnings Per Share (EPS) | $13.03 |
Balance Sheet
The company has $550.02 million in cash and $428.36 million in debt, giving a net cash position of $121.66 million or $3.23 per share.
| Cash & Cash Equivalents | 550.02M |
| Total Debt | 428.36M |
| Net Cash | 121.66M |
| Net Cash Per Share | $3.23 |
| Equity (Book Value) | 3.16B |
| Book Value Per Share | 71.63 |
| Working Capital | 2.20B |
Cash Flow
In the last 12 months, operating cash flow was $692.82 million and capital expenditures -$32.04 million, giving a free cash flow of $660.78 million.
| Operating Cash Flow | 692.82M |
| Capital Expenditures | -32.04M |
| Free Cash Flow | 660.78M |
| FCF Per Share | $17.55 |
Margins
Gross margin is 26.66%, with operating and profit margins of 9.66% and 6.99%.
| Gross Margin | 26.66% |
| Operating Margin | 9.66% |
| Pretax Margin | 10.29% |
| Profit Margin | 6.99% |
| EBITDA Margin | 10.19% |
| EBIT Margin | 9.66% |
| FCF Margin | 10.50% |
Dividends & Yields
This stock pays an annual dividend of $10.80, which amounts to a dividend yield of 2.03%.
| Dividend Per Share | $10.80 |
| Dividend Yield | 2.03% |
| Dividend Growth (YoY) | 7.65% |
| Years of Dividend Growth | 10 |
| Payout Ratio | 82.91% |
| Buyback Yield | -2.51% |
| Shareholder Yield | -0.49% |
| Earnings Yield | 2.42% |
| FCF Yield | 3.29% |
Analyst Forecast
The average price target for Watsco is $488.33, which is -8.45% lower than the current price. The consensus rating is "Buy".
| Price Target | $488.33 |
| Price Target Difference | -8.45% |
| Analyst Consensus | Buy |
| Analyst Count | 3 |
| Revenue Growth Forecast (5Y) | 8.00% |
| EPS Growth Forecast (5Y) | 6.77% |
Stock Splits
The last stock split was on August 17, 1998. It was a forward split with a ratio of 1.5:1.
| Last Split Date | Aug 17, 1998 |
| Split Type | Forward |
| Split Ratio | 1.5:1 |
Scores
Watsco has an Altman Z-Score of 10.25 and a Piotroski F-Score of 5.
| Altman Z-Score | 10.25 |
| Piotroski F-Score | 5 |