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Waters Corp Stock Research

WAT

307.28USD+5.43(+1.80%)Delayed

Market Summary

USD307.28+5.43
Delayed
1.80%

WAT Alerts

WAT Stock Price

WAT RSI Chart

WAT Valuation

Market Cap

18.2B

Price/Earnings (Trailing)

25.66

Price/Sales (Trailing)

6.11

EV/EBITDA

18.44

Price/Free Cashflow

29.69

WAT Price/Sales (Trailing)

WAT Profitability

EBT Margin

28.19%

Return on Equity

140.29%

Return on Assets

21.57%

Free Cashflow Yield

3.37%

WAT Fundamentals

WAT Revenue

Revenue (TTM)

3.0B

Revenue Y/Y

2.64%

Revenue Q/Q

21.16%

WAT Earnings

Earnings (TTM)

707.8M

Earnings Y/Y

5.01%

Earnings Q/Q

45.55%

Price Action

52 Week Range

265.61369.00
(Low)(High)

Last 7 days

-2.6%

Last 30 days

-11.0%

Last 90 days

-11.8%

Trailing 12 Months

-4.9%

WAT Financial Health

Current Ratio

2.24

Debt/Equity

3.88

Debt/Cashflow

0.42

WAT Investor Care

Buy Backs (1Y)

2.67%

Diluted EPS (TTM)

11.75

Peers (Alternatives to Waters)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
40.4B
6.8B
-13.31% 3.22%
32.19
5.89
8.37% 3.64%
35.5B
4.6B
5.65% -27.02%
-8.07
7.75
1.28% -677.95%
32.5B
3.9B
-7.42% 9.05%
37.3
8.3
5.43% 13.46%
18.2B
3.0B
-10.97% -4.88%
25.66
6.11
6.68% 2.15%
15.9B
3.3B
-11.65% -27.44%
27.98
4.81
-34.64% -39.65%
MID-CAP
SMALL-CAP
2.0B
128.3M
-11.70% -1.09%
-6.37
15.61
-1.69% -73.40%
1.2B
185.3M
-5.41% -23.53%
-6
6.49
20.06% 3.42%
450.3M
105.5M
-12.44% -50.56%
-4.66
4.27
-4.55% -67.63%
405.5M
127.3M
-23.43% -69.17%
-2.54
3.19
-12.28% -38.43%
341.8M
27.8M
-23.57% -31.43%
-2.58
12.29
54.62% -83.06%
271.1M
138.6M
-29.13% -76.08%
-8.07
1.96
32.30% -57.86%
135.5M
65.0M
-20.46% -63.49%
-1.2
2.08
-23.92% -73.73%
117.4M
113.3M
-15.92% -55.18%
-12.34
1.04
-4.68% -3204.17%
54.2M
54.1M
-0.24% -45.98%
502.17
1
21.80% -72.38%

Financials for Waters

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue0.7%2,9722,9502,9012,8682,786
  S&GA Expenses0.2%658657645641627
  R&D Expenses2.9%176171170171168
Costs and Expenses-0.1%2,0992,1012,0512,0221,964
EBITDA2.7%959934932937-
EBITDA Margin1.9%0.32*0.32*0.32*0.33*-
Earnings Before Taxes2.8%838815814819806
EBT Margin2.1%0.28*0.28*0.28*0.29*-
Interest Expenses6.6%49.0046.0044.0045.0045.00
Net Income1.6%708697702705693
Net Income Margin0.8%0.24*0.24*0.24*0.25*-
Free Cahsflow-3.0%612631641727-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets6.9%3,2813,0703,0413,0413,095
  Current Assets12.0%1,7641,5761,5641,5851,629
    Cash Equivalents8.3%481444419480501
  Inventory3.0%456442410382356
  Net PPE6.4%582547546547548
  Goodwill2.3%430420428436438
Liabilities3.4%2,7772,6852,6482,6662,727
  Current Liabilities7.3%786732747688681
  Long Term Debt-1,520----
    LT Debt, Non Current2.0%1,5251,4951,4341,4441,514
Shareholder's Equity31.0%504385392375368
  Retained Earnings2.7%8,5098,2828,1267,9617,801
  Additional Paid-In Capital0.8%2,2002,1822,1662,1382,115
Accumulated Depreciation-674----
Shares Outstanding-1.2%59.0060.0060.0061.0061.00
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-3.0%612631641727747
  Share Based Compensation9.4%43.0039.0035.0033.0030.00
Cashflow From Investing-272.5%-107-28.9842.00-53.63-231
Cashflow From Financing21.9%-509-652-700-854-438
  Buy Backs-1.2%626633629646649

Risks for WAT

What is the probability of a big loss on WAT?

60.8%


Probability that Waters stock will be more than 20% underwater in next one year

8.5%


Probability that Waters stock will be more than 30% underwater in next one year.

0%


Probability that Waters stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does WAT drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Waters was unfortunately bought at previous high price.

Drawdowns

Returns for WAT

Cumulative Returns on WAT

12.3%


10-Year Cumulative Returns

12.8%


7-Year Cumulative Returns

7.2%


5-Year Cumulative Returns

17.8%


3-Year Cumulative Returns

What are the long-term rolling returns for WAT?

FIve years rolling returns for Waters.

Annualized Returns

Which funds bought or sold WAT recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-15
B. Riley Wealth Advisors, Inc.
new
-
205,548
205,548
0.01%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
added
17.55
7,789,120
23,555,100
0.03%
2023-03-10
BAILLIE GIFFORD & CO
reduced
-31.34
-2,621,080
17,965,900
0.02%
2023-03-10
MATHER GROUP, LLC.
new
-
295,304
295,304
0.01%
2023-03-08
SHEETS SMITH WEALTH MANAGEMENT
unchanged
-
429,685
2,013,680
0.32%
2023-03-06
Rockefeller Capital Management L.P.
reduced
-4.09
71,000
393,000
-%
2023-03-06
NORTH STAR ASSET MANAGEMENT INC
added
0.77
463,006
2,112,010
0.13%
2023-03-03
TIAA, FSB
added
18.5
129,032
384,032
-%
2023-02-28
Voya Investment Management LLC
reduced
-0.01
2,811,220
13,185,200
0.02%
2023-02-24
National Pension Service
reduced
-1.97
6,129,290
33,594,100
0.07%

1–10 of 47

Latest Funds Activity

Are funds buying WAT calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own WAT
No. of Funds

Waters News

Marketscreener.com

Waters' New Battery Cycler Microcalorimeter Solution Accelerates Real-World Testing from Months to Weeks.

Marketscreener.com,
3 hours ago

DirectorsTalk Interviews

InvestorsObserver

Schedule 13G FIlings of Waters

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2023
fundsmith llp
7.62%
4,524,935
SC 13G
Feb 09, 2023
vanguard group inc
11.45%
6,803,307
SC 13G/A
Jan 27, 2023
bank of new york mellon corp
6.21%
3,689,116
SC 13G/A
Jan 24, 2023
blackrock inc.
11.1%
6,586,957
SC 13G/A
Apr 08, 2022
blackrock inc.
10.1%
6,108,293
SC 13G/A
Feb 11, 2022
fundsmith llp
7.35%
4,510,879
SC 13G
Feb 02, 2022
massachusetts financial services co /ma/
4.2%
2,546,414
SC 13G/A
Feb 01, 2022
blackrock inc.
9.9%
6,069,554
SC 13G/A
Feb 01, 2022
bank of new york mellon corp
6.95%
4,244,893
SC 13G/A
Feb 12, 2021
fundsmith llp
7.10%
4,409,835
SC 13G/A

WAT Fair Value

Waters fair value in different scenarios

The table shows the Fair Value estimates for Waters for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

125.36

-59.20%

153.18

-50.15%

238.86

-22.27%

311.38

1.33%

375.68

22.26%
Current Inflation

115.70

-62.35%

139.60

-54.57%

211.93

-31.03%

272.63

-11.28%

326.28

6.18%
Very High Inflation

103.67

-66.26%

123.00

-59.97%

180.14

-41.38%

227.64

-25.92%

269.42

-12.32%

Historical Waters Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Waters

View All Filings
Date Filed Form Type Document
Mar 07, 2023
8-K
Current Report
Mar 02, 2023
4
Insider Trading
Mar 01, 2023
4
Insider Trading
Feb 27, 2023
10-K
Annual Report
Feb 15, 2023
8-K
Current Report
Feb 14, 2023
SC 13G
Major Ownership Report
Feb 10, 2023
4
Insider Trading
Feb 10, 2023
4
Insider Trading
Feb 10, 2023
4
Insider Trading
Feb 10, 2023
4
Insider Trading

Latest Insider Trading transactions for WAT

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-01
Pratt Jonathan M
sold (taxes)
-265,027
309
-857
svp waters division
2023-03-01
Pratt Jonathan M
acquired
1,050,210
309
3,396
svp waters division
2023-02-28
VERGNANO MARK P
bought
997,927
313
3,185
-
2023-01-03
VERGNANO MARK P
acquired
-
-
318
-
2023-01-03
Brennan Daniel J.
acquired
-
-
318
-
2023-01-03
Ornskov Flemming
acquired
-
-
318
-
2023-01-03
BADDOUR LINDA
acquired
-
-
318
-
2023-01-03
Huang Pearl S
acquired
-
-
318
-
2023-01-03
CONARD EDWARD
acquired
-
-
318
-
2023-01-03
KUEBLER CHRISTOPHER A
acquired
-
-
318
-

1–10 of 50

Udit Batra
7800
Waters Corporation, a specialty measurement company, provides analytical workflow solutions in Asia, the Americas, and Europe. It operates through two segments, Waters and TA. The company designs, manufactures, sells, and services high and ultra-performance liquid chromatography, as well as mass spectrometry (MS) technology systems and support products, including chromatography columns, other consumable products, and post-warranty service plans. It also designs, manufactures, sells, and services thermal analysis, rheometry, and calorimetry instruments; and develops and supplies software-based products that interface with its instruments, as well as other manufacturers' instruments. Its MS technology instruments are used in drug discovery and development comprising clinical trial testing, the analysis of proteins in disease processes, nutritional safety analysis, and environmental testing. The company offers thermal analysis, rheometry, and calorimetry instruments for use in predicting the suitability and stability of fine chemicals, pharmaceuticals, water, polymers, metals, and viscous liquids for various industrial, consumer good, and healthcare products, as well as for life science research. Its products are used by life science, pharmaceutical, biochemical, industrial, nutritional safety, environmental, academic, and governmental customers working in research and development, quality assurance, and other laboratory applications. Waters Corporation was founded in 1958 and is headquartered in Milford, Massachusetts.

WAT Income Statement

2022-12-31
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues:   
Total net sales$ 2,971,956$ 2,785,874$ 2,365,365
Costs and operating expenses:   
Costs and operating expenses1,248,1821,156,533 
Selling and administrative expenses658,026626,968553,698
Research and development expenses176,190168,358140,777
Purchased intangibles amortization6,3667,14310,587
Asset Impairments006,945
Litigation provision (Note 11)05,1651,180
Acquired in-process research and development9,797  
Total costs and operating expenses2,098,5611,964,1671,719,876
Operating income873,395821,707645,489
Other income (expense), net2,22817,203(1,775)
Interest expense(48,797)(44,938)(49,070)
Interest income11,02012,22116,270
Income before income taxes837,846806,193610,914
Provision for income taxes130,091113,35089,343
Net income$ 707,755$ 692,843$ 521,571
Net income per basic common share$ 11.8$ 11.25$ 8.4
Weighted-average number of basic common shares59,98561,57562,094
Net income per diluted common share$ 11.73$ 11.17$ 8.36
Weighted-average number of diluted common shares and equivalents60,33162,02862,414
Product [Member]   
Revenues:   
Total net sales$ 1,988,169$ 1,822,070$ 1,497,333
Costs and operating expenses:   
Costs and operating expenses836,209752,514638,033
Service [Member]   
Revenues:   
Total net sales983,787963,804868,032
Costs and operating expenses:   
Costs and operating expenses$ 411,973$ 404,019$ 368,656

WAT Balance Sheet

2022-12-31
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:  
Cash and cash equivalents$ 480,529$ 501,234
Investments86268,051
Accounts receivable, net722,892612,648
Inventories455,710356,095
Other current assets103,91090,914
Total current assets1,763,9031,628,942
Property, plant and equipment, net582,217547,913
Intangible assets, net227,399242,401
Goodwill430,328437,865
Operating lease assets86,50684,734
Other assets191,100153,077
Total assets3,281,4533,094,932
Current liabilities:  
Notes payable and debt50,0000
Accounts payable93,30296,799
Accrued employee compensation103,300101,192
Deferred revenue and customer advances227,908227,561
Current operating lease liabilities26,42927,906
Accrued income taxes132,54561,278
Accrued warranty11,94910,718
Other current liabilities140,304155,054
Total current liabilities785,737680,508
Long-term liabilities:  
Long-term debt1,524,8781,513,870
Long-term portion of retirement benefits38,20364,027
Long-term income tax liabilities248,496319,547
Long-term operating lease liabilities62,10859,623
Other long-term liabilities117,54389,803
Total long-term liabilities1,991,2282,046,870
Total liabilities2,776,9652,727,378
Commitments and contingencies (Notes 9, 10, 11, 12, 13 and 17 )
Stockholders' equity:  
Preferred stock, par value $0.01 per share, 5,000 shares authorized, none issued at December 31, 2022 and December 31, 202100
Common stock, par value $0.01 per share, 400,000 shares authorized, 162,425 and 162,084 shares issued, 59,104 and 60,728 shares outstanding at December 31, 2022 and December 31, 2021, respectively1,6241,621
Additional paid-in capital2,199,8242,114,880
Retained earnings8,508,5877,800,832
Treasury stock, at cost, 103,321 and 101,356 shares at December 31, 2022 and December 31, 2021, respectively(10,063,975)(9,437,914)
Accumulated other comprehensive loss(141,572)(111,865)
Total stockholders' equity504,488367,554
Total liabilities and stockholders' equity$ 3,281,453$ 3,094,932