Waterco Ltd

Chart & Performance

D1W1MN

P/E

19.93

P/S

1.13

EPS

0.40

Div Yield, %

1.52%

Shrs. gr., 5y

-0.94%

Rev. gr., 5y

22.64%

Revenues

245m

+91.14%

Net income

14m

+28.20%

CFO

24m

+118.98%

Dividend

Oct 29, 20240.08 AUD/sh

Earnings

Feb 21, 2025

Profile

Waterco Limited engages in the manufacture, wholesale, and export of equipment and accessories in the swimming pool, spa pool, spa bath, rural pump, and water treatment industries in Australia, New Zealand, Asia, North America, and Europe. It also manufactures and sells solar heating systems for swimming pools and pre-heat industrial solar systems. The company's pool and spa products, including mineral salts, mineral ozone, chlorine free spas, pool cleaning minerals, pumps, filters, filter media, commercial chemical dosers, heating products, salt water chlorinators, controllers and automation products, pool lighting products, suction and robotic cleaners, recirculation accessories, blowers and valves, spa equipment, chemical pool products, and maintenance accessories, as well as commercial filters, pumps, heating, and accessories. Its water treatment products include commercial filter media and cooling water filtration products, cartridge and bag filters, centrifugal filters, and fiberglass media filters; and residential pressure pumps and water filters, centrifugal filters, and drinking water purifiers. The company also provides aquaculture equipment, such as aquabiome mechanical and biological filters, aquaculture heating and pumps, bio-mec bead media, multicyclones, and spa airflo blowers. In addition, the company franchises retail outlets for swimming pool equipment and accessories. Further, it engages in formulating, packing, and distributing swimming pool chemicals to independent pool stores and stores in its Swimart franchise network. It operates 68 retail stores and 6 mobile franchises under the Swimart names; 10 WaterShoppe stores; and Zane Solar Systems, which consists of 38 dealer networks. Waterco Limited was incorporated in 1981 and is based in Rydalmere, Australia.

URL

https://www.waterco.com.au/

IPO date

Mar 23, 1989

Employees

735

Domiciled in

Incorporated in

Valuation

Order:

Title AUD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title AUD in thousands, except ratios and share amounts	2024‑06	2023‑06	2022‑06	2021‑06	2020‑06	2019‑06	2018‑06	2017‑06	2016‑06	2015‑06
Income
Revenues	244,845 91.14%	128,097 4.30%	122,812 8.85%
Cost of revenue	191,100	107,203	102,073
Unusual Expense (Income)
NOPBT	53,745	20,894	20,739
NOPBT Margin	21.95%	16.31%	16.89%
Operating Taxes	4,451	3,048	3,292
Tax Rate	8.28%	14.59%	15.87%
NOPAT	49,294	17,846	17,447
Net income	13,905 28.20%	10,846 -6.83%	11,641 -8.73%
Dividends	(4,220)	(3,524)	(2,491)
Dividend yield		2.50%	1.94%
Proceeds from repurchase of equity	(81)	(1,204)	(3,824)
BB yield		0.85%	2.98%
Debt
Debt current	16,831	6,765	8,271
Long-term debt	94,763	27,838	12,614
Deferred revenue		13,272	11,972
Other long-term liabilities	533	238	213
Net debt	94,792	(60,609)	(66,841)
Cash flow
Cash from operating activities	24,499	11,188	3,325
CAPEX	(2,337)	(2,915)	(3,501)
Cash from investing activities	(56,208)	(3,389)	(3,924)
Cash from financing activities	37,584	(7,123)	(1,231)
FCF	(12,764)	5,400	248
Balance
Cash	16,802	12,337	11,946
Long term investments		82,875	75,780
Excess cash	4,560	88,807	81,585
Stockholders' equity	129,846	121,234	111,010
Invested Capital	206,506	53,996	47,976
ROIC	37.85%	35.00%	41.55%
ROCE	24.72%	14.02%	15.43%
EV
Common stock shares outstanding	35,175	35,291	35,627
Price		4.00 11.11%	3.60 24.14%
Market cap		141,164 10.06%	128,257 23.46%
EV		80,923	61,923
EBITDA	64,990	27,960	27,053
EV/EBITDA		2.89	2.29
Interest	3,930	707	328
Interest/NOPBT	7.31%	3.38%	1.58%