Watsco Statistics
Total Valuation
Watsco has a market cap or net worth of $19.46 billion. The enterprise value is $19.44 billion.
| Market Cap | 19.46B |
| Enterprise Value | 19.44B |
Important Dates
The last earnings date was Wednesday, April 24, 2024, before market open.
| Earnings Date | Apr 24, 2024 |
| Ex-Dividend Date | Apr 12, 2024 |
Share Statistics
Watsco has 40.30 million shares outstanding. The number of shares has increased by 14.01% in one year.
| Shares Outstanding | 40.30M |
| Shares Change (YoY) | +14.01% |
| Shares Change (QoQ) | +12.37% |
| Owned by Insiders (%) | 0.63% |
| Owned by Institutions (%) | 107.15% |
| Float | 32.37M |
Valuation Ratios
The trailing PE ratio is 37.11 and the forward PE ratio is 33.04. Watsco's PEG ratio is 3.26.
| PE Ratio | 37.11 |
| Forward PE | 33.04 |
| PS Ratio | 2.67 |
| Forward PS | 2.47 |
| PB Ratio | 7.72 |
| P/FCF Ratio | 28.67 |
| PEG Ratio | 3.26 |
Enterprise Valuation
The stock's EV/EBITDA ratio is 27.83, with an EV/FCF ratio of 28.56.
| EV / Earnings | 37.87 |
| EV / Sales | 2.66 |
| EV / EBITDA | 27.83 |
| EV / EBIT | 29.37 |
| EV / FCF | 28.56 |
Financial Position
The company has a current ratio of 2.92, with a Debt / Equity ratio of 0.16.
| Current Ratio | 2.92 |
| Quick Ratio | 1.28 |
| Debt / Equity | 0.16 |
| Debt / EBITDA | 0.59 |
| Debt / FCF | 0.60 |
| Interest Coverage | 360.68 |
Financial Efficiency
Return on equity (ROE) is 22.80% and return on invested capital (ROIC) is 20.04%.
| Return on Equity (ROE) | 22.80% |
| Return on Assets (ROA) | 12.70% |
| Return on Capital (ROIC) | 20.04% |
| Revenue Per Employee | $982,911 |
| Profits Per Employee | $69,127 |
| Employee Count | 7,425 |
| Asset Turnover | 1.80 |
| Inventory Turnover | 3.26 |
Taxes
In the past 12 months, Watsco has paid $146.74 million in taxes.
| Income Tax | 146.74M |
| Effective Tax Rate | 22.23% |
Stock Price Statistics
The stock price has increased by +47.56% in the last 52 weeks. The beta is 0.85, so Watsco's price volatility has been lower than the market average.
| Beta (1Y) | 0.85 |
| 52-Week Price Change | +47.56% |
| 50-Day Moving Average | 436.73 |
| 200-Day Moving Average | 395.80 |
| Relative Strength Index (RSI) | 68.33 |
| Average Volume (30 Days) | 331,729 |
Short Selling Information
The latest short interest is 3.74 million, so 9.28% of the outstanding shares have been sold short.
| Short Interest | 3.74M |
| Short Previous Month | 3.86M |
| Short % of Shares Out | 9.28% |
| Short % of Float | 11.55% |
| Short Ratio (days to cover) | 11.67 |
Income Statement
In the last 12 months, Watsco had revenue of $7.30 billion and earned $513.27 million in profits. Earnings per share was $13.01.
| Revenue | 7.30B |
| Gross Profit | 1.97B |
| Operating Income | 756.61M |
| Pretax Income | 660.01M |
| Net Income | 513.27M |
| EBITDA | 698.63M |
| EBIT | 661.85M |
| Earnings Per Share (EPS) | $13.01 |
Balance Sheet
The company has $478.86 million in cash and $409.21 million in debt, giving a net cash position of $69.65 million or $1.73 per share.
| Cash & Cash Equivalents | 478.86M |
| Total Debt | 409.21M |
| Net Cash | 69.65M |
| Net Cash Per Share | $1.73 |
| Equity / Book Value | 2.53B |
| Book Value Per Share | 62.70 |
| Working Capital | 1.97B |
Cash Flow
In the last 12 months, operating cash flow was $713.08 million and capital expenditures -$32.51 million, giving a free cash flow of $680.57 million.
| Operating Cash Flow | 713.08M |
| Capital Expenditures | -32.51M |
| Free Cash Flow | 680.57M |
| FCF Per Share | $15.37 |
Margins
Gross margin is 27.06%, with operating and profit margins of 10.37% and 7.03%.
| Gross Margin | 27.06% |
| Operating Margin | 10.37% |
| Pretax Margin | 9.04% |
| Profit Margin | 7.03% |
| EBITDA Margin | 9.57% |
| EBIT Margin | 9.07% |
| FCF Margin | 9.33% |
Dividends & Yields
This stock pays an annual dividend of $10.80, which amounts to a dividend yield of 2.24%.
| Dividend Per Share | $10.80 |
| Dividend Yield | 2.24% |
| Dividend Growth (YoY) | 8.06% |
| Years of Dividend Growth | 10 |
| Payout Ratio | 83.01% |
| Buyback Yield | -14.01% |
| Shareholder Yield | -11.78% |
| Earnings Yield | 2.63% |
| FCF Yield | 3.49% |
Analyst Forecast
The average price target for Watsco is $397.33, which is -17.70% lower than the current price. The consensus rating is "Hold".
| Price Target | $397.33 |
| Price Target Difference | -17.70% |
| Analyst Consensus | Hold |
| Analyst Count | 7 |
| 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 3:2.
| Last Split Date | Aug 17, 1998 |
| Split Type | Forward |
| Split Ratio | 3:2 |
Scores
Watsco has an Altman Z-Score of 11.28 and a Piotroski F-Score of 6.
| Altman Z-Score | 11.28 |
| Piotroski F-Score | 6 |