WSO - Watsco Inc Stock Price, Fair Value and News

440.58USD+27.01 (+6.53%)Market Closed

Market Summary

USD440.58+27.01

Market Closed

6.53%

WSO Stock Price

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WSO RSI Chart

WSO Valuation

Market Cap

16.3B

Price/Earnings (Trailing)

29.01

Price/Sales (Trailing)

2.24

EV/EBITDA

20.03

Price/Free Cashflow

31.01

WSO Price/Sales (Trailing)

WSO Profitability

EBT Margin

10.84%

Return on Equity

25.24%

Return on Assets

15.09%

Free Cashflow Yield

3.22%

WSO Fundamentals

WSO Revenue

Revenue (TTM)

7.3B

Rev. Growth (Yr)

1.39%

Rev. Growth (Qtr)

-24.62%

WSO Earnings

Earnings (TTM)

562.8M

Earnings Growth (Yr)

-49.2%

Earnings Growth (Qtr)

-67.2%

Breaking Down WSO Revenue

Last 30 days

-5.9%

Last 90 days

6.7%

Trailing 12 Months

22.1%

How does WSO drawdown profile look like?

WSO Financial Health

Current Ratio

3.36

Debt/Equity

0.14

Debt/Cashflow

1.85

WSO Investor Care

Dividend Yield

2.37%

Dividend/Share (TTM)

9.8

Shares Dilution (1Y)

1.72%

Diluted EPS (TTM)

13.67

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
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

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

Try For Just $1.99

Which funds bought or sold WSO recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 23, 2024	WETZEL INVESTMENT ADVISORS, INC.	unchanged	-	-1,286	23,714	0.01%
Apr 23, 2024	REGIONS FINANCIAL CORP	reduced	-0.74	2,055	2,897,660	0.02%
Apr 23, 2024	Venturi Wealth Management, LLC	added	1.18	730	37,150	-%
Apr 23, 2024	NEW MEXICO EDUCATIONAL RETIREMENT BOARD	unchanged	-	23,000	2,937,000	0.10%
Apr 23, 2024	Louisiana State Employees Retirement System	reduced	-5.26	-182,735	3,887,730	0.08%
Apr 23, 2024	AMALGAMATED BANK	reduced	-26.68	-2,640,000	7,483,000	0.06%
Apr 23, 2024	ACCESS FINANCIAL SERVICES, INC.	added	9.6	149,429	1,573,240	0.70%
Apr 23, 2024	LaFleur & Godfrey LLC	reduced	-10.91	-2,129,220	18,786,600	2.78%
Apr 23, 2024	ARCADIA INVESTMENT MANAGEMENT CORP/MI	added	24.79	1,802,640	8,787,130	1.55%
Apr 23, 2024	Livforsakringsbolaget Skandia, Omsesidigt	unchanged	-	292	43,139	-%

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

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
Apr 10, 2024	SC 13G/A	Major Ownership Report
Mar 29, 2024	8-K	Current Report
Mar 29, 2024	424B5	Prospectus Filed
Mar 13, 2024	4	Insider Trading
Mar 13, 2024	4	Insider Trading
Mar 13, 2024	4	Insider Trading
Mar 13, 2024	4	Insider Trading
Feb 28, 2024	4	Insider Trading
Feb 23, 2024	10-K	Annual Report
Feb 21, 2024	8-K	Current Report

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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	-24.6%	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	991
Gross Profit	-26.9%	414	567	563	448	434	551	596	450	412	483	478	295	282	374	319	248	261	335	328	234	250
S&GA Expenses	-2.3%	312	320	304	287	302	322	315	283	292	282	267	218	215	221	194	203	211	213	197	180	192
EBITDA Margin	-3.4%	0.11*	0.12*	0.12*	0.12*	0.12*	0.12*	0.12*	0.11*	0.10*	0.10*	0.10*	-	-	-	-	-	-	-	-	-	-
Interest Expenses	152.9%	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	-1.13
Income Taxes	-79.7%	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	9.00
Earnings Before Taxes	-57.3%	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	58.00
EBT Margin	-3.8%	0.11*	0.11*	0.11*	0.11*	0.11*	0.11*	0.11*	0.11*	0.10*	0.10*	0.09*	-	-	-	-	-	-	-	-	-	-
Net Income	-67.2%	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	40.00
Net Income Margin	-9.1%	0.08*	0.08*	0.08*	0.09*	0.09*	0.08*	0.08*	0.08*	0.07*	0.07*	0.07*	-	-	-	-	-	-	-	-	-	-
Free Cashflow	-15.8%	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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	-7.7%	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	2,161
Current Assets	-12.4%	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	1,442
Cash Equivalents	20.0%	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	83.00
Inventory	-13.1%	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	837
Net PPE	1.6%	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	91.00
Goodwill	-7.0%	457	492	432	431	431	430	433	434	434	433	435	413	412	410	409	407	412	407	399	394	411
Current Liabilities	-19.8%	712	888	956	953	907	940	1,061	837	727	797	815	631	487	609	639	520	462	542	581	470	358
Short Term Borrowings	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2.00	-
Long Term Debt	-22.0%	305	390	602	448	244	247	427	478	285	191	305	187	144	153	193	310	312	329	351	264	136
Shareholder's Equity	0.3%	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	1,602
Retained Earnings	-1.2%	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	628
Additional Paid-In Capital	1.3%	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	832
Minority Interest	-12.5%	386	442	414	379	359	407	385	356	332	377	356	305	293	320	299	279	279	310	278	264	254
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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-15.3%	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	100,492
Share Based Compensation	26.8%	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	3,739
Cashflow From Investing	-27.1%	-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	-3,969
Cashflow From Financing	23.1%	-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	-79,841
Dividend Payments	0.8%	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	54,267
Buy Backs	-59.3%	190	467	595	6,452	-	549	2,179	-	-	894	863	-	-	2,755	1,096	791	-	669	555	428	-

WSO Income Statement

2023-12-31

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
Consolidated Statements of Income - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenues	$ 7,283,767	$ 7,274,344	$ 6,280,192
Cost of sales	5,291,627	5,244,055	4,612,647
Gross profit	1,992,140	2,030,289	1,667,545
Selling, general and administrative expenses	1,223,507	1,221,382	1,058,316
Other income	26,177	22,671	19,299
Operating income	794,810	831,578	628,528
Interest expense, net	4,920	2,165	996
Income before income taxes	789,890	829,413	627,532
Income taxes	155,751	125,717	128,797
Net income	634,139	703,696	498,735
Less: net income attributable to non-controlling interest	97,802	102,529	79,790
Net income attributable to Watsco, Inc.	$ 536,337	$ 601,167	$ 418,945
Earnings per share for Common and Class B common stock:
Basic	$ 13.72	$ 15.46	$ 10.83
Diluted	$ 13.67	$ 15.41	$ 10.78

WSO Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 210,112	$ 147,505
Accounts receivable, net	797,832	747,110
Inventories, net	1,347,289	1,370,173
Other current assets	36,698	33,951
Total current assets	2,391,931	2,298,739
Property and equipment, net	136,230	125,424
Operating lease right-of-use assets	368,748	317,314
Goodwill	457,148	430,711
Intangible assets, net	218,146	175,191
Investment in unconsolidated entity	146,238	132,802
Other assets	10,741	8,033
Total assets	3,729,182	3,488,214
Current liabilities:
Current portion of long-term obligations	100,265	90,597
Borrowings under revolving credit agreement (Note 8)	0	56,400
Accounts payable	369,396	456,128
Accrued expenses and other current liabilities	242,351	303,397
Total current liabilities	712,012	906,522
Long-term obligations:
Borrowings under revolving credit agreement (Note 8)	15,400	0
Operating lease liabilities, net of current portion	276,913	232,144
Finance lease liabilities, net of current portion	12,214	11,388
Total long-term obligations	304,527	243,532
Deferred income taxes and other liabilities	96,453	89,882
Commitments and contingencies
Watsco, Inc. shareholders' equity:
Preferred stock, $0.50 par value, 10,000,000 shares authorized; no shares issued	0	0
Paid-in capital	1,153,459	973,060
Accumulated other comprehensive loss, net of tax	(42,331)	(47,710)
Retained earnings	1,183,207	1,029,516
Treasury stock, at cost, 4,778,988 and 4,823,988 shares of Common stock and 48,263 and 48,263 shares of Class B common stock at December 31, 2023 and 2022, respectively	(86,630)	(87,440)
Total Watsco, Inc. shareholders' equity	2,229,839	1,889,237
Non-controlling interest	386,351	359,041
Total shareholders' equity	2,616,190	2,248,278
Total liabilities and shareholders' equity	3,729,182	3,488,214
Common Stock [Member]
Watsco, Inc. shareholders' equity:
Common stock	19,353	19,054
Class B Common Stock [Member]
Watsco, Inc. shareholders' equity:
Common stock	$ 2,781	$ 2,757

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 Tue Apr 23 2024, market cap of Watsco Inc is 16.33 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 Tue Apr 23 2024, WSO's PE ratio (Price to Earnings) is 29.01 and Price to Sales (PS) ratio is 2.24. 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 0.182 (multiply by 100 for percentage) rate of return.