WSO - Watsco Inc Stock Price, Fair Value and News

468.69USD+0.70 (+0.15%)Market Closed

Market Summary

USD468.69+0.70

Market Closed

0.15%

WSO Alerts

Big fall in earnings (Y/Y)

WSO Stock Price

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WSO RSI Chart

WSO Valuation

Market Cap

18.5B

Price/Earnings (Trailing)

35.64

Price/Sales (Trailing)

2.54

EV/EBITDA

23.48

Price/Free Cashflow

27.25

WSO Price/Sales (Trailing)

WSO Profitability

EBT Margin

10.34%

Return on Equity

17.74%

Return on Assets

11.92%

Free Cashflow Yield

3.67%

WSO Fundamentals

WSO Revenue

Revenue (TTM)

7.3B

Rev. Growth (Yr)

0.93%

Rev. Growth (Qtr)

-2.38%

WSO Earnings

Earnings (TTM)

519.4M

Earnings Growth (Yr)

-33.26%

Earnings Growth (Qtr)

55.15%

Breaking Down WSO Revenue

Last 7 days

Last 30 days

5.4%

Last 90 days

14.5%

Trailing 12 Months

39.3%

How does WSO drawdown profile look like?

WSO Financial Health

Current Ratio

2.92

Debt/Equity

0.1

Debt/Cashflow

2.33

WSO Investor Care

Dividend Yield

2.09%

Dividend/Share (TTM)

9.8

Shares Dilution (1Y)

1.72%

Diluted EPS (TTM)

13.01

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	7.3B	0	0	0
2023	7.3B	7.2B	7.3B	7.3B
2022	6.7B	7.0B	7.2B	7.3B
2021	5.2B	5.7B	5.9B	6.3B
2020	4.8B	4.8B	5.0B	5.1B
2019	4.6B	4.6B	4.7B	4.8B
2018	4.4B	4.5B	4.5B	4.5B
2017	4.2B	4.3B	4.3B	4.3B
2016	4.2B	4.1B	4.2B	4.2B
2015	4.0B	4.0B	4.1B	4.1B
2014	3.8B	3.8B	3.9B	3.9B
2013	3.5B	3.6B	3.7B	3.7B
2012	3.1B	3.2B	3.3B	3.4B
2011	2.9B	2.9B	3.0B	3.0B
2010	2.2B	2.7B	2.8B	2.8B
2009	0	1.8B	1.9B	2.0B
2008	0	0	0	1.7B

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Russell 2000 Index: $10,334
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Which funds bought or sold WSO recently?

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Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 07, 2024	Americana Partners, LLC	added	26.33	284,584	1,260,100	0.10%
May 07, 2024	Donoghue Forlines LLC	new	-	516,204	516,204	0.15%
May 07, 2024	Susquehanna Portfolio Strategies, LLC	reduced	-85.76	-11,101,100	1,861,360	0.04%
May 07, 2024	THOROUGHBRED FINANCIAL SERVICES, LLC	sold off	-100	-679,000	-	-%
May 07, 2024	NIXON PEABODY TRUST CO	unchanged	-	2,100	259,182	0.02%
May 07, 2024	Bedel Financial Consulting, Inc.	unchanged	-	1,750	215,985	0.03%
May 07, 2024	QRG CAPITAL MANAGEMENT, INC.	reduced	-12.16	-47,173	365,015	-%
May 07, 2024	FORSTA AP-FONDEN	reduced	-59.62	-5,411,470	3,714,940	0.03%
May 07, 2024	NEW YORK STATE COMMON RETIREMENT FUND	reduced	-4.29	-692,000	19,036,000	0.03%
May 07, 2024	Smithfield Trust Co	unchanged	-	-	9,000	-%

Are Funds Buying or Selling WSO?

Are funds buying WSO calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own WSO

No. of Funds

WSO Alerts

Big fall in earnings (Y/Y)

Unveiling Watsco Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Apr 10, 2024	vanguard group inc	10.05%	3,411,894	SC 13G/A
Feb 13, 2024	vanguard group inc	9.64%	3,265,589	SC 13G/A
Jan 23, 2024	blackrock inc.	12.0%	4,051,897	SC 13G/A
Feb 09, 2023	vanguard group inc	9.65%	3,210,219	SC 13G/A
Jan 24, 2023	blackrock inc.	12.1%	4,019,961	SC 13G
Jan 20, 2023	baillie gifford & co	6.56%	2,181,060	SC 13G/A
Jan 27, 2022	blackrock inc.	11.1%	3,677,204	SC 13G/A
Jan 26, 2022	baillie gifford & co	6.32%	2,086,034	SC 13G/A
Jan 25, 2022	blackrock inc.	11.1%	3,677,204	SC 13G/A
Jan 27, 2021	blackrock inc.	10.5%	3,452,488	SC 13G/A

Recent SEC filings of Watsco Inc

View All Filings

Date Filed	Form Type	Document
May 08, 2024	4	Insider Trading
May 07, 2024	144	Notice of Insider Sale Intent
May 06, 2024	144	Notice of Insider Sale Intent
May 03, 2024	10-Q	Quarterly Report
May 03, 2024	424B5	Prospectus Filed
Apr 26, 2024	ARS	ARS
Apr 26, 2024	DEF 14A	DEF 14A
Apr 24, 2024	8-K	Current Report
Apr 10, 2024	SC 13G/A	Major Ownership Report
Mar 29, 2024	424B5	Prospectus Filed

Watsco Inc News

Latest updates

Watsco Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-2.4%	1,565	1,603	2,127	2,003	1,551	1,581	2,036	2,134	1,524	1,512	1,783	1,850	1,136	1,155	1,537	1,355	1,008	1,072	1,395	1,372	931
Gross Profit	3.9%	431	414	567	563	448	434	551	596	450	412	483	478	295	282	374	319	248	261	335	328	234
S&GA Expenses	-0.9%	310	312	320	304	287	302	322	315	283	292	282	267	218	215	221	194	203	211	213	197	180
EBITDA Margin	-3.9%	0.11*	0.11*	0.12*	0.12*	0.12*	0.12*	0.12*	0.12*	0.11*	0.10*	0.10*	0.10*	-	-	-	-	-	-	-	-	-
Interest Expenses	147.0%	2.00	1.00	-1.89	-3.41	-0.61	-0.01	-0.48	-1.11	-0.56	-0.24	-0.22	-0.45	-0.09	-0.06	-0.11	-0.28	-0.79	-0.61	-1.43	-1.21	-0.78
Income Taxes	124.8%	25.00	11.00	54.00	57.00	34.00	-19.96	50.00	60.00	36.00	27.00	42.00	44.00	16.00	13.00	30.00	25.00	8.00	7.00	24.00	25.00	11.00
Earnings Before Taxes	18.6%	129	109	255	262	164	137	236	286	170	123	207	216	82.00	70.00	157	129	44.00	51.00	124	133	54.00
EBT Margin	-4.6%	0.10*	0.11*	0.11*	0.11*	0.11*	0.11*	0.11*	0.11*	0.11*	0.10*	0.10*	0.09*	-	-	-	-	-	-	-	-	-
Net Income	55.1%	87.00	56.00	171	205	130	110	158	226	135	59.00	141	172	66.00	46.00	106	104	36.00	37.00	83.00	90.00	35.00
Net Income Margin	-7.9%	0.07*	0.08*	0.08*	0.08*	0.09*	0.09*	0.08*	0.08*	0.08*	0.07*	0.07*	0.07*	-	-	-	-	-	-	-	-	-
Free Cashflow	-66.1%	98.00	289	343	-50.08	-54.93	204	278	164	-109	21.00	232	113	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	16.8%	4,357	3,729	4,039	4,103	3,801	3,488	3,585	3,789	3,474	3,086	3,091	3,132	2,692	2,484	2,648	2,637	2,582	2,556	2,693	2,632	2,399
Current Assets	25.4%	2,998	2,392	2,731	2,883	2,598	2,299	2,410	2,624	2,320	1,961	1,981	2,022	1,695	1,484	1,644	1,631	1,590	1,547	1,691	1,695	1,490
Cash Equivalents	32.7%	279	210	175	163	141	148	130	129	111	118	137	97.00	94.00	146	93.00	80.00	51.00	74.00	60.00	56.00	77.00
Inventory	22.9%	1,656	1,347	1,550	1,689	1,614	1,370	1,385	1,481	1,390	1,115	1,042	1,045	987	781	885	854	943	921	970	967	894
Net PPE	1.7%	138	136	134	128	127	125	122	120	115	111	106	105	100	98.00	98.00	97.00	97.00	99.00	98.00	96.00	93.00
Goodwill	0.5%	459	457	492	432	431	431	430	433	434	434	433	435	413	412	410	409	407	412	407	399	394
Current Liabilities	44.1%	1,026	712	888	956	953	907	940	1,061	837	727	797	815	631	487	609	639	520	462	542	581	470
Short Term Borrowings	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2.00
Long Term Debt	0.6%	306	305	390	602	448	244	247	427	478	285	191	305	187	144	153	193	310	312	329	351	264
Shareholder's Equity	31.3%	2,928	2,230	2,224	2,452	2,308	1,889	2,316	2,220	2,081	1,997	2,022	1,932	1,797	1,780	1,810	1,736	1,683	1,715	1,753	1,633	1,599
Retained Earnings	-0.8%	1,173	1,183	1,197	1,122	1,045	1,030	977	905	798	761	757	692	623	636	659	620	602	633	656	633	603
Additional Paid-In Capital	25.9%	1,452	1,153	1,139	1,023	997	973	1,047	1,032	1,024	1,004	988	979	967	951	940	929	920	908	895	829	842
Minority Interest	3.8%	401	386	442	414	379	359	407	385	356	332	377	356	305	293	320	299	279	279	310	278	264
Float	-	-	-	-	12,929	-	-	-	8,072	-	-	-	9,652	-	-	-	5,937	-	-	-	5,328	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-65.3%	103,706	298,614	352,519	-41,758	-47,421	213,084	285,808	174,694	-101,622	29,894	237,790	119,627	-37,745	161,601	111,523	219,396	41,859	138,240	129,084	15,511	52,936
Share Based Compensation	-11.7%	8,127	9,209	7,262	6,828	6,701	6,804	7,056	6,987	7,974	6,706	6,308	6,459	5,892	6,327	5,662	5,228	4,912	5,040	3,818	4,325	3,849
Cashflow From Investing	-1487.0%	-210,965	-13,293	-10,462	-7,150	-10,438	-7,430	-7,518	-10,670	-8,218	-8,446	-8,667	-132,685	1,221	-4,795	-3,565	-4,133	-3,849	-16,042	-34,189	-26,703	-4,103
Cashflow From Financing	170.7%	178,401	-252,436	-328,108	69,167	51,301	-188,474	-273,212	-143,684	101,412	-40,701	-186,920	15,269	-16,250	-105,723	-95,471	-187,911	-59,388	-108,289	-90,407	-10,471	-54,856
Dividend Payments	0.2%	96,765	96,524	95,713	95,439	94,970	85,205	85,758	85,689	75,795	75,082	75,531	75,388	68,521	68,259	68,139	68,077	61,238	60,958	60,276	60,213	59,965
Buy Backs	197.4%	565	190	467	595	6,452	-	549	2,179	-	-	894	863	-	-	2,755	1,096	791	-	669	555	428

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WSO Income Statement

2024-03-31

Condensed Consolidated Unaudited Statements of Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenues	$ 1,564,991	$ 1,550,641
Cost of sales	1,134,366	1,102,484
Gross profit	430,625	448,157
Selling, general and administrative expenses	309,548	287,057
Other income	5,460	3,640
Operating income	126,537	164,740
Interest (income) expense, net	(2,470)	615
Income before income taxes	129,007	164,125
Income taxes	24,745	33,754
Net income	104,262	130,371
Less: net income attributable to non-controlling interest	17,258	20,298
Net income attributable to Watsco, Inc.	$ 87,004	$ 110,073
Earnings per share for Common and Class B common stock:
Basic	$ 2.17	$ 2.84
Diluted	$ 2.17	$ 2.83

WSO Balance Sheet

2024-03-31

Condensed Consolidated Unaudited Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 278,864	$ 210,112
Short-term cash investments	200,000	0
Accounts receivable, net	832,119	797,832
Inventories, net	1,655,635	1,347,289
Other current assets	31,754	36,698
Total current assets	2,998,372	2,391,931
Property and equipment, net	138,486	136,230
Operating lease right-of-use assets	383,434	368,748
Goodwill	459,440	457,148
Intangible assets, net	214,055	218,146
Investment in unconsolidated entity	151,698	146,238
Other assets	11,633	10,741
Total assets	4,357,118	3,729,182
Current liabilities:
Current portion of lease liabilities	102,897	100,265
Accounts payable	687,637	369,396
Accrued expenses and other current liabilities	235,592	242,351
Total current liabilities	1,026,126	712,012
Long-term obligations:
Borrowings under revolving credit agreement	0	15,400
Operating lease liabilities, net of current portion	290,951	276,913
Finance lease liabilities, net of current portion	15,362	12,214
Total long-term obligations	306,313	304,527
Deferred income taxes and other liabilities	97,106	96,453
Commitments and contingencies
Watsco, Inc. shareholders' equity:
Preferred stock, $0.50 par value	0	0
Paid-in capital	1,452,450	1,153,459
Accumulated other comprehensive loss, net of tax	(47,870)	(42,331)
Retained earnings	1,173,446	1,183,207
Treasury stock, at cost	(73,810)	(86,630)
Total Watsco, Inc. shareholders' equity	2,526,425	2,229,839
Non-controlling interest	401,148	386,351
Total shareholders' equity	2,927,573	2,616,190
Total liabilities and shareholders' equity	4,357,118	3,729,182
Common Stock [Member]
Watsco, Inc. shareholders' equity:
Common stock	19,408	19,353
Class B Common Stock [Member]
Watsco, Inc. shareholders' equity:
Common stock	$ 2,801	$ 2,781

About Watsco Inc

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.

CEO	Mr. Albert H. Nahmad
WEBSITE	watsco.com
INDUSTRY	Integrated Freight & Logistics
EMPLOYEES	7200

Watsco Inc Frequently Asked Questions

What is the ticker symbol for Watsco Inc? What does WSO stand for in stocks?

WSO is the stock ticker symbol of Watsco Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Watsco Inc (WSO)?

As of Wed May 08 2024, market cap of Watsco Inc is 18.51 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of WSO stock?

You can check WSO's fair value in chart for subscribers.

What is the fair value of WSO stock?

You can check WSO's fair value in chart for subscribers. The fair value of Watsco Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Watsco Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for WSO so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Watsco Inc a good stock to buy?

The fair value guage provides a quick view whether WSO is over valued or under valued. Whether Watsco Inc is cheap or expensive depends on the assumptions which impact Watsco Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for WSO.

What is Watsco Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed May 08 2024, WSO's PE ratio (Price to Earnings) is 35.64 and Price to Sales (PS) ratio is 2.54. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. WSO PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Watsco Inc's stock?

In the past 10 years, Watsco Inc has provided 0.195 (multiply by 100 for percentage) rate of return.