Watts Water Technologies, Inc. (WTS)
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 |
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 |
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 |
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 |
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% |
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 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 |