Watts Water Technologies, Inc. (WTS)

NYSE: WTS · IEX Real-Time Price · USD
212.55
+0.98 (0.46%)
Mar 28, 2024, 4:00 PM EDT - Market closed

Total Valuation

WTS has a market cap or net worth of $7.05 billion. The enterprise value is $6.99 billion.

Market Cap 7.05B
Enterprise Value 6.99B

Important Dates

The next estimated earnings date is Wednesday, May 1, 2024, after market close.

Earnings Date May 1, 2024
Ex-Dividend Date Feb 29, 2024

Share Statistics

WTS has 33.31 million shares outstanding. The number of shares has decreased by -0.30% in one year.

Shares Outstanding 33.31M
Shares Change (YoY) -0.30%
Shares Change (QoQ) n/a
Owned by Insiders (%) 1.24%
Owned by Institutions (%) 98.85%
Float 26.97M

Valuation Ratios

The trailing PE ratio is 27.24 and the forward PE ratio is 24.69. WTS's PEG ratio is 3.10.

PE Ratio 27.24
Forward PE 24.69
PS Ratio 3.43
Forward PS 3.08
PB Ratio 4.66
P/FCF Ratio 25.07
PEG Ratio 3.10
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 17.44, with an EV/FCF ratio of 24.88.

EV / Earnings 26.69
EV / Sales 3.40
EV / EBITDA 17.44
EV / EBIT 19.55
EV / FCF 24.88

Financial Position

The company has a current ratio of 2.62, with a Debt / Equity ratio of 0.20.

Current Ratio 2.62
Quick Ratio 1.50
Debt / Equity 0.20
Debt / EBITDA 0.74
Debt / FCF 1.06
Interest Coverage 43.62

Financial Efficiency

Return on equity (ROE) is 18.30% and return on invested capital (ROIC) is 14.53%.

Return on Equity (ROE) 18.30%
Return on Assets (ROA) 12.60%
Return on Capital (ROIC) 14.53%
Revenue Per Employee $403,196
Profits Per Employee $51,392
Employee Count 5,100
Asset Turnover 0.99
Inventory Turnover 2.83

Taxes

In the past 12 months, WTS has paid $87.40 million in taxes.

Income Tax 87.40M
Effective Tax Rate 25.01%

Stock Price Statistics

The stock price has increased by +31.47% in the last 52 weeks. The beta is 0.94, so WTS's price volatility has been similar to the market average.

Beta (1Y) 0.94
52-Week Price Change +31.47%
50-Day Moving Average 203.27
200-Day Moving Average 190.23
Relative Strength Index (RSI) 61.62
Average Volume (30 Days) 126,993

Short Selling Information

The latest short interest is 596,928, so 1.79% of the outstanding shares have been sold short.

Short Interest 596,928
Short Previous Month 695,505
Short % of Shares Out 1.79%
Short % of Float 2.21%
Short Ratio (days to cover) 3.75

Income Statement

In the last 12 months, WTS had revenue of $2.06 billion and earned $262.10 million in profits. Earnings per share was $7.82.

Revenue 2.06B
Gross Profit 960.90M
Operating Income 350.90M
Pretax Income 349.50M
Net Income 262.10M
EBITDA 401.00M
EBIT 357.70M
Earnings Per Share (EPS) $7.82
Full Income Statement

Balance Sheet

The company has $350.10 million in cash and $298.30 million in debt, giving a net cash position of $51.80 million or $1.56 per share.

Cash & Cash Equivalents 350.10M
Total Debt 298.30M
Net Cash 51.80M
Net Cash Per Share $1.56
Equity / Book Value 1.51B
Book Value Per Share 45.44
Working Capital 655.20M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $310.80 million and capital expenditures -$29.70 million, giving a free cash flow of $281.10 million.

Operating Cash Flow 310.80M
Capital Expenditures -29.70M
Free Cash Flow 281.10M
FCF Per Share $8.42
Full Cash Flow Statement

Margins

Gross margin is 46.73%, with operating and profit margins of 17.06% and 12.75%.

Gross Margin 46.73%
Operating Margin 17.06%
Pretax Margin 17.00%
Profit Margin 12.75%
EBITDA Margin 19.50%
EBIT Margin 17.40%
FCF Margin 13.67%

Dividends & Yields

This stock pays an annual dividend of $1.44, which amounts to a dividend yield of 0.68%.

Dividend Per Share $1.44
Dividend Yield 0.68%
Dividend Growth (YoY) 20.00%
Years of Dividend Growth 11
Payout Ratio 18.41%
Buyback Yield 0.30%
Shareholder Yield 0.97%
Earnings Yield 3.72%
FCF Yield 3.99%
Dividend Details

Analyst Forecast

The average price target for WTS is $190.60, which is -10.33% lower than the current price. The consensus rating is "Hold".

Price Target $190.60
Price Target Difference -10.33%
Analyst Consensus Hold
Analyst Count 5
Revenue Growth Forecast (5Y) 6.12%
EPS Growth Forecast (5Y) 7.60%
Stock Forecasts

Stock Splits

The last stock split was on March 16, 1994. It was a forward split with a ratio of 2:1.

Last Split Date Mar 16, 1994
Split Type Forward
Split Ratio 2:1

Scores

WTS has an Altman Z-Score of 7.65 and a Piotroski F-Score of 7.

Altman Z-Score 7.65
Piotroski F-Score 7