Company Valuation: Watsco, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 11,053 8,815 15,735 18,179 12,792 11,671 - -
Change - -20.25% 78.5% 15.53% -29.63% -8.76% - -
Enterprise Value (EV) 1 11,108 8,758 15,540 17,507 12,476 10,855 10,723 10,566
Change - -21.16% 77.44% 12.66% -28.74% -12.99% -1.21% -1.47%
P/E 29x 16.2x 31.3x 35.6x 27.5x 25.1x 23x 21.6x
PBR 6.66x 4.71x 7.02x 6.69x 4.59x 3.55x 3.42x 3.24x
PEG - 0.4x -2.8x -13.15x -3.48x -33.02x 2.52x 3.33x
Capitalization / Revenue 1.76x 1.21x 2.16x 2.39x 1.77x 1.54x 1.45x 1.38x
EV / Revenue 1.77x 1.2x 2.13x 2.3x 1.72x 1.43x 1.33x 1.25x
EV / EBITDA 16.9x 10.1x 18.7x 21.3x 16.3x 14x 12.7x 11.1x
EV / EBIT 17.7x 10.5x 19.6x 22.4x 17.3x 15.1x 13.5x 11.9x
EV / FCF 34.1x 16.3x 29.4x 23.6x 23.3x 19.2x 16.8x 16.5x
FCF Yield 2.93% 6.14% 3.4% 4.25% 4.29% 5.2% 5.94% 6.07%
Dividend per Share 2 7.625 8.55 9.8 10.55 11.7 12.51 12.65 13.02
Rate of return 2.44% 3.43% 2.29% 2.23% 3.47% 4.1% 4.15% 4.27%
EPS 2 10.78 15.41 13.67 13.3 12.25 12.16 13.26 14.12
Distribution rate 70.7% 55.5% 71.7% 79.3% 95.5% 103% 95.3% 92.2%
Net sales 1 6,280 7,274 7,284 7,618 7,239 7,568 8,041 8,474
EBITDA 1 656.7 866.9 829.9 822.6 764.1 774.5 845.9 949.1
EBIT 1 628.5 835.2 794.8 781.8 720.3 721.2 792.6 885.5
Net income 1 381.7 549.9 499.4 498.9 464.2 466.6 511.3 544.4
Net Debt 1 55.23 -56.91 -194.7 -671.7 -316.1 -816.8 -948.5 -1,106
Reference price 2 312.88 249.40 428.47 473.89 336.95 305.03 305.03 305.03
Nbr of stocks (in thousands) 35,438 35,277 36,805 37,645 37,932 38,589 - -
Announcement Date 10/02/22 16/02/23 13/02/24 18/02/25 17/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
24.55x2.92x16.03x2.09% 230B
11.69x1.08x4.91x4.25% 160B
25.7x3.37x15.46x1.87% 158B
35x5.19x21.82x1.12% 153B
40.04x5.32x23.91x1.24% 130B
31.11x4.47x21.93x0.87% 104B
85.86x10.62x60.73x0.37% 88.74B
31.56x3.92x21.08x1.08% 91.48B
33.41x5.36x18.68x1.35% 90.98B
Average 35.44x 4.70x 22.73x 1.58% 133.9B
Weighted average by Cap. 32.28x 4.24x 20.45x 1.77%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Watsco, Inc.

Historical PBR trend

Valuation ratios - PBR - Watsco, Inc.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Watsco, Inc.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Watsco, Inc.


Year-on-year evolution of the Yield

Valuation ratios - Yield - Watsco, Inc.