XNYSWSO.B
Market cap19bUSD
Nov 21, Last price
535.00USD
Name
Watsco Inc
Chart & Performance
Profile
Watsco, Inc., together with its subsidiaries, distributes air conditioning, heating, refrigeration equipment, and related parts and supplies. The company distributes equipment comprising residential ducted and ductless air conditioners, such as gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment. It also offers parts, including replacement compressors, evaporator coils, motors, and other component parts; and supplies, such as thermostats, insulation materials, refrigerants, ductworks, grills, registers, sheet metals, tools, copper tubing, concrete pads, tapes, adhesives, and other ancillary supplies, as well as plumbing and bathroom remodeling supplies. The company serves contractors and dealers that service the replacement and new construction markets for residential and light commercial central air conditioning, heating, and refrigeration systems. As of December 31, 2021, it operated from 671 locations in the United States, Canada, Mexico, and Puerto Rico, as well as exports its products to Latin America and the Caribbean Basin. Watsco, Inc. was founded in 1945 and is headquartered in Miami, Florida.
Valuation
Title USD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY | FY |
---|---|---|---|---|---|---|---|---|---|---|
2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | 2016‑12 | 2015‑12 | 2014‑12 | |
Income | ||||||||||
Revenues | 7,283,767 0.13% | 7,274,344 15.83% | 6,280,192 24.24% | |||||||
Cost of revenue | 6,477,253 | 6,465,437 | 5,670,963 | |||||||
Unusual Expense (Income) | ||||||||||
NOPBT | 806,514 | 808,907 | 609,229 | |||||||
NOPBT Margin | 11.07% | 11.12% | 9.70% | |||||||
Operating Taxes | 155,751 | 125,717 | 128,797 | |||||||
Tax Rate | 19.31% | 15.54% | 21.14% | |||||||
NOPAT | 650,763 | 683,190 | 480,432 | |||||||
Net income | 536,337 -10.78% | 601,167 43.50% | 418,945 55.41% | |||||||
Dividends | (382,646) | (332,447) | (294,522) | |||||||
Dividend yield | 2.44% | 3.74% | 2.66% | |||||||
Proceeds from repurchase of equity | 12,351 | (66,685) | 19,922 | |||||||
BB yield | -0.08% | 0.75% | -0.18% | |||||||
Debt | ||||||||||
Debt current | 100,265 | 146,997 | 84,501 | |||||||
Long-term debt | 593,654 | 464,288 | 463,048 | |||||||
Deferred revenue | (7,181) | (6,649) | ||||||||
Other long-term liabilities | 7,181 | 6,649 | ||||||||
Net debt | 335,025 | 330,978 | 314,473 | |||||||
Cash flow | ||||||||||
Cash from operating activities | 561,954 | 571,964 | 349,566 | |||||||
CAPEX | (35,478) | (33,789) | (24,108) | |||||||
Cash from investing activities | (41,343) | (33,836) | (148,577) | |||||||
Cash from financing activities | (460,076) | (503,958) | (249,620) | |||||||
FCF | 410,160 | 429,201 | 130,405 | |||||||
Balance | ||||||||||
Cash | 210,112 | 147,505 | 118,268 | |||||||
Long term investments | 148,782 | 132,802 | 114,808 | |||||||
Excess cash | ||||||||||
Stockholders' equity | 1,549,361 | 1,362,658 | 1,080,923 | |||||||
Invested Capital | 3,020,982 | 2,627,419 | 2,357,940 | |||||||
ROIC | 23.04% | 27.41% | 22.09% | |||||||
ROCE | 25.87% | 29.64% | 24.93% | |||||||
EV | ||||||||||
Common stock shares outstanding | 36,532 | 35,684 | 35,424 | |||||||
Price | 428.47 71.80% | 249.40 -20.29% | 312.88 38.11% | |||||||
Market cap | 15,652,730 75.88% | 8,899,498 -19.70% | 11,083,410 39.18% | |||||||
EV | 16,374,106 | 9,589,517 | 11,730,350 | |||||||
EBITDA | 841,604 | 840,590 | 637,356 | |||||||
EV/EBITDA | 19.46 | 11.41 | 18.40 | |||||||
Interest | 4,920 | 2,165 | 996 | |||||||
Interest/NOPBT | 0.61% | 0.27% | 0.16% |