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Watsco Inc

Industrials US WSO.B

412.6USD
-(-%)

Last update at 2024-01-22T14:30:00Z

Day Range

412.60412.60
LowHigh

52 Week Range

244.99422.25
LowHigh

Fundamentals

  • Previous Close 412.60
  • Market Cap16742.97M
  • Volume0
  • P/E Ratio27.85
  • Dividend Yield2.32%
  • EBITDA834.94M
  • Revenue TTM7261.79M
  • Revenue Per Share TTM200.32
  • Gross Profit TTM 2030.29M
  • Diluted EPS TTM15.16

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 829.41M 627.53M 399.80M 362.85M 369.34M
Minority interest -102.52900M 79.79M 53.59M 279.34M 253.86M
Net income 601.17M 418.94M 269.58M 245.95M 242.93M
Selling general administrative 1221.38M 1058.32M 833.05M 800.33M 757.45M
Selling and marketing expenses - - - - -
Gross profit 2030.29M 1667.55M 1222.82M 1156.96M 1120.25M
Reconciled depreciation 31.68M 28.13M 25.91M 24.51M 22.09M
Ebit 799.89M 600.40M 375.13M 342.37M 349.99M
Ebitda 831.58M 628.53M 401.03M 366.88M 372.08M
Depreciation and amortization 31.68M 28.13M 25.91M 24.51M 22.09M
Non operating income net other - - - - 0.00000M
Operating income 831.58M 628.53M 401.03M 366.88M 372.08M
Other operating expenses 6465.44M 5670.96M 4665.16M 4413.73M 4183.85M
Interest expense 2.17M 1.00M 1.24M 4.03M 2.74M
Tax provision 125.72M 128.80M 76.62M 67.08M 72.81M
Interest income - - - - -
Net interest income -2.16500M -0.99600M -1.23900M -4.03200M -2.74000M
Extraordinary items - - - - 0.00000M
Non recurring - - - - 0.00000M
Other items - - - - 0.00000M
Income tax expense 125.72M 128.80M 76.62M 67.08M 72.81M
Total revenue 7274.34M 6280.19M 5054.93M 4770.36M 4546.65M
Total operating expenses 1221.38M 1058.32M 833.05M 800.33M 757.45M
Cost of revenue 5244.06M 4612.65M 3832.11M 3613.41M 3426.40M
Total other income expense net -2.16500M -0.99600M -1.23900M -4.03200M 9.28M
Discontinued operations - - - - 0.00000M
Net income from continuing ops 703.70M 498.74M 323.17M 295.77M 296.53M
Net income applicable to common shares 601.17M 418.94M 269.58M 225.54M 223.14M
Preferred stock and other adjustments - - - - 0.00000M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 3488.21M 3085.86M 2496.92M 2556.16M 2161.03M
Intangible assets 175.19M 186.90M 169.93M 172.00M 147.85M
Earning assets - - - - -
Other current assets 33.95M 29.21M 21.79M 17.68M 19.88M
Total liab 1239.94M 1088.45M 717.16M 841.39M 559.32M
Total stockholder equity 1889.24M 1664.95M 1486.68M 1435.43M 1347.85M
Deferred long term liab 89.88M 76.51M 73.10M - 0.00000M
Other current liab 303.40M 278.04M 71.80M 69.42M 157.09M
Common stock 21.81M 21.84M 21.70M 21.53M 21.17M
Capital stock 21.81M 21.84M 21.70M 21.53M 21.17M
Retained earnings 1029.52M 760.80M 636.37M 632.51M 627.97M
Other liab 89.88M 85.70M 73.10M 67.70M 66.00M
Good will 430.71M 434.02M 412.49M 411.22M 392.00M
Other assets 6.36M 6.40M 6.18M 6.58M 7.90M
Cash 147.50M 118.27M 146.07M 74.45M 82.89M
Cash and equivalents - - - - -
Total current liabilities 906.52M 726.72M 499.71M 461.72M 357.57M
Current deferred revenue - - 104.55M 83.21M 156.84M
Net debt 231.64M 242.26M 65.26M 235.52M 52.55M
Short term debt 147.00M 84.50M 71.80M 69.42M 0.25M
Short long term debt 147.00M 84.50M 71.80M 69.42M 0.25M
Short long term debt total 379.14M 360.52M 211.33M 309.97M 135.45M
Other stockholder equity 885.62M 916.49M 863.48M 820.44M 744.68M
Property plant equipment 125.42M 111.02M 98.22M 321.89M 91.05M
Total current assets 2298.74M 1961.40M 1497.02M 1546.73M 1441.81M
Long term investments 132.80M 114.81M 97.85M 94.83M 80.44M
Net tangible assets 1283.34M 1664.95M 1486.68M 852.21M 808.00M
Short term investments - - - - 0.00000M
Net receivables 747.11M 698.46M 535.29M 533.81M 501.91M
Long term debt 243.53M 285.21M 144.34M 157.71M 135.75M
Inventory 1370.17M 1115.47M 793.87M 920.79M 837.13M
Accounts payable 456.13M 364.19M 251.55M 239.67M 200.23M
Total permanent equity - - - - 0.00000M
Noncontrolling interest in consolidated entity 359.04M 332.47M 293.08M - 0.00000M
Temporary equity redeemable noncontrolling interests - - - - 0.00000M
Accumulated other comprehensive income -47.71000M -34.17600M -34.86700M -39.05000M -45.96800M
Additional paid in capital - - - - 0.00000M
Common stock total equity 21.81M 21.84M 21.70M - 0.00000M
Preferred stock total equity - - - - 0.00000M
Retained earnings total equity 1029.52M 760.80M 636.37M - 0.00000M
Treasury stock -87.44000M -87.44000M -87.44000M - 0.00000M
Accumulated amortization - - - - 0.00000M
Non currrent assets other -132.80200M 9.19M 12.25M 9.48M 88.33M
Deferred long term asset charges - - - - 0.00000M
Non current assets total 1189.47M 1124.46M 999.90M 1009.43M 719.23M
Capital lease obligations 232.14M 187.02M 139.53M 154.27M 0.00000M
Long term debt total 243.53M 285.21M 144.34M - 0.00000M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -33.83600M -148.57700M -16.34200M -4.94000M -3.76000M
Change to liabilities 121.99M 182.82M 33.94M 12.73M -57.39800M
Total cashflows from investing activities -33.83600M -148.57700M -16.34200M -81.03700M -26.31100M
Net borrowings -35.64200M 88.98M -157.33700M 20.50M 113.40M
Total cash from financing activities -503.95800M -228.60200M -448.49300M -264.02300M -139.60300M
Change to operating activities 1.33M -10.43800M 167.15M -5.87300M -2.99100M
Net income 703.70M 498.74M 323.17M 295.77M 296.53M
Change in cash 29.24M -27.79900M 71.61M -8.44000M 2.40M
Begin period cash flow 118.27M 146.07M 74.45M 82.89M 80.50M
End period cash flow 147.50M 118.27M 146.07M 74.45M 82.89M
Total cash from operating activities 571.96M 349.57M 534.38M 335.77M 170.56M
Issuance of capital stock 20.42M 21.01M 19.26M 13.34M 6.59M
Depreciation 31.68M 28.13M 25.91M 24.51M 22.09M
Other cashflows from investing activities 1.82M -123.11300M 0.09M 4.99M 4.99M
Dividends paid -332.44700M -294.52200M -265.71300M -241.41200M 209.22M
Change to inventory -259.86000M -243.66000M 139.93M -15.52500M -78.95400M
Change to account receivables -60.15400M -130.41400M -3.55900M 8.46M -28.83100M
Sale purchase of stock -87.10700M -1.09200M -2.29900M -1.52800M -3.78200M
Other cashflows from financing activities -101.78400M 48.04M -42.59700M -33.18400M 88.61M
Change to netincome 33.28M 24.40M 18.15M 59.64M 70.71M
Capital expenditures 33.79M 24.11M 16.34M 16.43M 16.93M
Change receivables -60.15400M -130.41400M -3.55900M - 0.00000M
Cash flows other operating 1.33M -10.43800M -3.16000M - 0.00000M
Exchange rate changes - -0.18600M 2.07M - 0.00000M
Cash and cash equivalents changes 34.17M -27.79900M 71.61M - 0.00000M
Change in working capital -196.69200M -201.69300M 167.15M -0.20700M -168.17400M
Stock based compensation 28.82M 25.36M 22.13M 17.03M 15.51M
Other non cash items -9.01000M -6.90700M -4.01600M -2.61900M -3.69100M
Free cash flow 538.17M 325.46M 518.04M 319.35M 153.63M

Peer Comparison

Sector: Industrials Industry: Industrial Distribution

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
WSO-B
Watsco Inc
- -% 412.60 27.85 28.25 2.27 7.48 2.31 19.57
GWW
WW Grainger Inc
15.96 1.35% 1194.41 23.17 21.79 2.53 13.38 2.67 15.55
FERG
Ferguson Plc
3.43 1.69% 206.17 21.38 19.34 1.30 7.15 1.45 14.92
FAST
Fastenal Company
0.54 0.66% 82.36 32.06 32.79 5.46 12.04 5.53 23.77
WSO
Watsco Inc
12.80 2.40% 546.20 28.08 27.93 2.27 7.40 2.31 19.57

Reports Covered

Stock Research & News

Profile

Watsco, Inc., together with its subsidiaries, engages in the distribution of air conditioning, heating, refrigeration equipment, and related parts and supplies. The company distributes equipment, including 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 comprising 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. It operates 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.

Watsco Inc

2665 South Bayshore Drive, Miami, FL, United States, 33133

Key Executives

Name Title Year Born
Mr. Albert H. Nahmad Chairman & CEO 1941
Mr. Aaron J. Nahmad Pres & Director 1981
Ms. Ana M. Menendez CFO & Treasurer 1965
Mr. Barry S. Logan Exec. VP of Planning & Strategy and Sec. 1963
Mr. Steven Rupp Chief Technology Officer NA
Mr. Paul W. Johnston Exec. VP 1953
Mr. Rick Gomez VP of Corp. Devel. NA

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