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 11,226 - -
Change - -20.25% 78.5% 15.53% -29.63% -12.24% - -
Enterprise Value (EV) 1 11,108 8,758 15,540 17,507 12,476 10,409 10,277 10,120
Change - -21.16% 77.44% 12.66% -28.74% -16.57% -1.26% -1.53%
P/E 29x 16.2x 31.3x 35.6x 27.5x 23.9x 22x 20.7x
PBR 6.66x 4.71x 7.02x 6.69x 4.59x 3.39x 3.27x 3.1x
PEG - 0.4x -2.8x -13.15x -3.48x -45.65x 2.47x 3.49x
Capitalization / Revenue 1.76x 1.21x 2.16x 2.39x 1.77x 1.49x 1.41x 1.32x
EV / Revenue 1.77x 1.2x 2.13x 2.3x 1.72x 1.38x 1.29x 1.19x
EV / EBITDA 16.9x 10.1x 18.7x 21.3x 16.3x 13.4x 12.1x 10.7x
EV / EBIT 17.7x 10.5x 19.6x 22.4x 17.3x 14.4x 13x 11.4x
EV / FCF 34.1x 16.3x 29.4x 23.6x 23.3x 18.5x 16.1x 15.8x
FCF Yield 2.93% 6.14% 3.4% 4.25% 4.29% 5.42% 6.2% 6.34%
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% 4.29% 4.34% 4.47%
EPS 2 10.78 15.41 13.67 13.3 12.25 12.19 13.27 14.06
Distribution rate 70.7% 55.5% 71.7% 79.3% 95.5% 103% 95.3% 92.6%
Net sales 1 6,280 7,274 7,284 7,618 7,239 7,553 7,988 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 1 381.7 549.9 499.4 498.9 464.2 466.9 511.3 544.4
Net Debt 1 55.23 -56.91 -194.7 -671.7 -316.1 -816.8 -948.5 -1,106
Reference price 2 312.88 249.40 428.47 473.89 336.95 291.50 291.50 291.50
Nbr of stocks (in thousands) 35,438 35,277 36,805 37,645 37,932 38,589 - -
Announcement Date 2/10/22 2/16/23 2/13/24 2/18/25 2/17/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
23.5x1.36x13.22x4.37% 11.06B
25.47x3x16.37x2.03% 237B
14.49x1.8x8.14x3.53% 209B
27.71x3.61x16.52x1.75% 167B
37.98x5.59x23.54x1.04% 166B
46.51x6.22x27.87x1.07% 154B
31.53x4.54x22.23x0.86% 105B
94.12x11.66x66.62x0.33% 97.2B
32.47x4.03x21.62x1.05% 94.14B
39.62x6.52x26.16x0.1% 92.15B
Average 37.34x 4.83x 24.23x 1.61% 133.24B
Weighted average by Cap. 34.97x 4.64x 22.47x 1.59%

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.
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