Watsco Financials

WSO Stock  USD 551.60  3.07  0.55%   
Based on the analysis of Watsco's profitability, liquidity, and operating efficiency, Watsco Inc is performing exceptionally good at this time. It has a great probability to report excellent financial results in January. At this time, Watsco's Net Debt is very stable compared to the past year. As of the 1st of December 2024, Retained Earnings is likely to grow to about 1.2 B, while Non Currrent Assets Other are likely to drop about 5.2 M. Key indicators impacting Watsco's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Net Profit Margin0.07730.0736
Sufficiently Up
Slightly volatile
Return On Assets0.150.1438
Sufficiently Up
Slightly volatile
Return On Equity0.250.2405
Sufficiently Up
Slightly volatile
Debt Equity Ratio0.04930.0519
Notably Down
Slightly volatile
Operating Income810 M771.4 M
Sufficiently Up
Slightly volatile
Current Ratio4.523.3594
Significantly Up
Slightly volatile
Investors should never underestimate Watsco's ability to pay suppliers on time, ensure interest payments are not accumulating, and correctly time where and how to reinvest extra cash. Individual investors need to monitor Watsco's cash flow, debt, and profitability to make informed and accurate decisions about investing in Watsco Inc.

Cash And Equivalents

110.89 Million

  
Understanding current and past Watsco Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Watsco's financial statements are interrelated, with each one affecting the others. For example, an increase in Watsco's assets may result in an increase in income on the income statement.

Watsco Earnings Geography

Watsco Stock Summary

Watsco competes with Fastenal, SiteOne Landscape, Ferguson Plc, WW Grainger, and Pool. Watsco, Inc., together with its subsidiaries, distributes air conditioning, heating, refrigeration equipment, and related parts and supplies. Watsco, Inc. was founded in 1945 and is headquartered in Miami, Florida. Watsco operates under Industrial Distribution classification in the United States and is traded on New York Stock Exchange. It employs 6850 people.
Specialization
Industrials, Industrial Distribution
InstrumentUSA Stock View All
ExchangeNew York Stock Exchange
ISINUS9426222009
CUSIP942622200
LocationFlorida; U.S.A
Business Address2665 South Bayshore
SectorTrading Companies & Distributors
IndustryIndustrials
BenchmarkDow Jones Industrial
Websitewww.watsco.com
Phone305 714 4100
CurrencyUSD - US Dollar

Watsco Key Financial Ratios

Watsco Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets2.6B2.5B3.1B3.5B3.7B3.9B
Other Current Liab69.4M71.8M278.0M303.4M242.4M254.5M
Net Debt235.5M65.3M242.3M231.6M194.7M204.4M
Retained Earnings632.5M636.4M760.8M1.0B1.2B1.2B
Cash74.5M146.1M118.3M147.5M210.1M220.6M
Net Receivables533.8M535.3M698.5M747.1M797.8M837.7M
Inventory920.8M793.9M1.1B1.4B1.3B1.4B
Other Current Assets17.7M21.8M29.2M34.0M36.7M38.5M
Total Liab841.4M717.2M1.1B1.2B1.1B1.2B
Total Current Assets1.5B1.5B2.0B2.3B2.4B2.5B
Short Term Debt69.4M71.8M84.5M147.0M100.3M105.3M
Intangible Assets172.0M169.9M186.9M175.2M218.1M128.6M
Accounts Payable239.7M251.6M364.2M456.1M369.4M387.9M
Common Stock21.5M21.7M21.8M21.8M22.1M20.8M
Other Liab67.7M77.9M85.7M89.9M103.4M108.5M
Other Assets9.1M6.2M6.4M8.0M50.5M53.1M
Long Term Debt312.0M144.3M285.2M243.5M15.4M14.6M
Good Will411.2M412.5M434.0M430.7M457.1M329.3M
Net Tangible Assets852.2M1.5B1.7B1.3B1.5B809.0M

Watsco Key Income Statement Accounts

201920202021202220232024 (projected)
Interest Expense4.0M1.2M996K2.2M4.9M5.4M
Total Revenue4.8B5.1B6.3B7.3B7.3B7.6B
Gross Profit1.2B1.2B1.7B2.0B2.0B2.1B
Operating Income366.9M401.0M628.5M831.6M771.4M810.0M
Ebit366.9M401.0M628.5M831.6M794.8M834.6M
Ebitda391.4M426.9M656.7M863.3M829.9M871.4M
Cost Of Revenue3.6B3.8B4.6B5.2B5.3B5.6B
Income Before Tax362.9M399.8M627.5M829.4M789.9M829.4M
Net Income246.0M269.6M418.9M601.2M536.3M563.2M
Income Tax Expense67.1M76.6M128.8M125.7M155.8M163.5M
Minority Interest49.8M53.6M79.8M(102.5M)(102.1M)(97.0M)
Tax Provision67.1M76.6M128.8M125.7M124.8M109.6M
Interest Income4.0M1.2M996K2.2M1.9M2.7M
Net Interest Income(4.0M)(1.2M)(996K)(2.2M)(5.9M)(6.2M)

Watsco Key Cash Accounts

201920202021202220232024 (projected)
Change To Inventory(15.5M)139.9M(243.7M)(259.9M)64.6M67.9M
Change In Cash(8.4M)71.6M(27.8M)29.2M62.6M65.7M
Free Cash Flow319.3M518.0M325.5M538.2M526.5M552.8M
Depreciation24.5M25.9M28.1M31.7M35.1M36.8M
Other Non Cash Items(2.6M)(4.0M)(6.9M)(9.0M)(10.3M)(9.8M)
Dividends Paid241.4M265.7M294.5M332.4M382.6M401.8M
Capital Expenditures16.4M16.3M24.1M33.8M35.5M18.9M
Net Income295.8M323.2M498.7M703.7M634.1M665.8M
End Period Cash Flow74.5M146.1M118.3M147.5M210.1M220.6M
Change Receivables8.5M(3.6M)(130.4M)(60.2M)(54.1M)(51.4M)
Net Borrowings19.3M(157.3M)89.0M(35.6M)(32.1M)(30.5M)
Change To Netincome15.7M18.2M24.4M33.3M29.9M18.6M
Investments(4.9M)(16.3M)(148.6M)(33.8M)(35.5M)(37.3M)

Watsco Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Watsco's current stock value. Our valuation model uses many indicators to compare Watsco value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Watsco competition to find correlations between indicators driving Watsco's intrinsic value. More Info.
Watsco Inc is rated below average in return on equity category among its peers. It is rated fifth in return on asset category among its peers reporting about  0.50  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Watsco Inc is roughly  2.02 . At this time, Watsco's Return On Equity is very stable compared to the past year. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Watsco's earnings, one of the primary drivers of an investment's value.

Watsco's Earnings Breakdown by Geography

Watsco Inc Systematic Risk

Watsco's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Watsco volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was ten with a total number of output elements of fifty-one. The Beta measures systematic risk based on how returns on Watsco Inc correlated with the market. If Beta is less than 0 Watsco generally moves in the opposite direction as compared to the market. If Watsco Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Watsco Inc is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Watsco is generally in the same direction as the market. If Beta > 1 Watsco moves generally in the same direction as, but more than the movement of the benchmark.

Watsco Thematic Clasifications

Watsco Inc is part of Wholesale investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. USA Equities from Wholesale industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions
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Today, most investors in Watsco Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Watsco's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Watsco growth as a starting point in their analysis.

Price Earnings To Growth Ratio

(2.39)

At this time, Watsco's Price Earnings To Growth Ratio is very stable compared to the past year.

Watsco December 1, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Watsco help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Watsco Inc. We use our internally-developed statistical techniques to arrive at the intrinsic value of Watsco Inc based on widely used predictive technical indicators. In general, we focus on analyzing Watsco Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Watsco's daily price indicators and compare them against related drivers.
When determining whether Watsco Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Watsco's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Watsco Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Watsco Inc Stock:
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Watsco Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.
You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Is Trading Companies & Distributors space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Watsco. If investors know Watsco will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Watsco listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.03)
Dividend Share
10.3
Earnings Share
12.96
Revenue Per Share
200.984
Quarterly Revenue Growth
0.016
The market value of Watsco Inc is measured differently than its book value, which is the value of Watsco that is recorded on the company's balance sheet. Investors also form their own opinion of Watsco's value that differs from its market value or its book value, called intrinsic value, which is Watsco's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Watsco's market value can be influenced by many factors that don't directly affect Watsco's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Watsco's value and its price as these two are different measures arrived at by different means. Investors typically determine if Watsco is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Watsco's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.