COMFORT SYSTEMS USA INC (FIX) Stock Fundamental Analysis
USA - NYSE:FIX - US1999081045 - Common Stock
762.91 USD
-14.27 (-1.84%)
767 USD
+4.09 (+0.54%)
Taking everything into account, FIX scores 8 out of 10 in our fundamental rating. FIX was compared to 52 industry peers in the Construction & Engineering industry. FIX gets an excellent profitability rating and is at the same time showing great financial health properties. FIX is not overvalued while it is showing excellent growth. This is an interesting combination. These ratings would make FIX suitable for growth and quality investing!
1. Profitability
1.1 Basic Checks
FIX had positive earnings in the past year.
In the past year FIX had a positive cash flow from operations.
Each year in the past 5 years FIX has been profitable.
In the past 5 years FIX always reported a positive cash flow from operatings.
1.2 Ratios
FIX has a better Return On Assets (13.67%) than 90.38% of its industry peers.
With an excellent Return On Equity value of 35.12%, FIX belongs to the best of the industry, outperforming 88.46% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 31.99%, FIX belongs to the top of the industry, outperforming 92.31% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for FIX is above the industry average of 17.22%.
The 3 year average ROIC (21.29%) for FIX is below the current ROIC(31.99%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.67% | ||
| ROE | 35.12% | ||
| ROIC | 31.99% |
ROA(3y)10.11%
ROA(5y)9.07%
ROE(3y)26.85%
ROE(5y)23.98%
ROIC(3y)21.29%
ROIC(5y)17.85%
1.3 Margins
Looking at the Profit Margin, with a value of 9.01%, FIX belongs to the top of the industry, outperforming 84.62% of the companies in the same industry.
In the last couple of years the Profit Margin of FIX has grown nicely.
FIX has a better Operating Margin (12.17%) than 86.54% of its industry peers.
In the last couple of years the Operating Margin of FIX has grown nicely.
FIX's Gross Margin of 22.50% is fine compared to the rest of the industry. FIX outperforms 71.15% of its industry peers.
FIX's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 12.17% | ||
| PM (TTM) | 9.01% | ||
| GM | 22.5% |
OM growth 3Y20.43%
OM growth 5Y11.4%
PM growth 3Y16.81%
PM growth 5Y11.21%
GM growth 3Y4.66%
GM growth 5Y1.83%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), FIX is creating value.
Compared to 1 year ago, FIX has less shares outstanding
FIX has less shares outstanding than it did 5 years ago.
FIX has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 8.08 indicates that FIX is not in any danger for bankruptcy at the moment.
FIX's Altman-Z score of 8.08 is amongst the best of the industry. FIX outperforms 92.31% of its industry peers.
The Debt to FCF ratio of FIX is 0.13, which is an excellent value as it means it would take FIX, only 0.13 years of fcf income to pay off all of its debts.
FIX has a better Debt to FCF ratio (0.13) than 90.38% of its industry peers.
A Debt/Equity ratio of 0.03 indicates that FIX is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.03, FIX belongs to the top of the industry, outperforming 88.46% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.03 | ||
| Debt/FCF | 0.13 | ||
| Altman-Z | 8.08 |
ROIC/WACC3.21
WACC9.96%
2.3 Liquidity
FIX has a Current Ratio of 1.13. This is a normal value and indicates that FIX is financially healthy and should not expect problems in meeting its short term obligations.
FIX's Current ratio of 1.13 is on the low side compared to the rest of the industry. FIX is outperformed by 67.31% of its industry peers.
A Quick Ratio of 1.10 indicates that FIX should not have too much problems paying its short term obligations.
With a Quick ratio value of 1.10, FIX is not doing good in the industry: 63.46% of the companies in the same industry are doing better.
FIX does not score too well on the current and quick ratio evaluation. However, as it has excellent solvency and profitability, these ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.13 | ||
| Quick Ratio | 1.1 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 66.04% over the past year.
Measured over the past years, FIX shows a very strong growth in Earnings Per Share. The EPS has been growing by 36.79% on average per year.
FIX shows a strong growth in Revenue. In the last year, the Revenue has grown by 26.33%.
FIX shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 21.86% yearly.
EPS 1Y (TTM)66.04%
EPS 3Y54.78%
EPS 5Y36.79%
EPS Q2Q%74.6%
Revenue 1Y (TTM)26.33%
Revenue growth 3Y31.74%
Revenue growth 5Y21.86%
Sales Q2Q%20.05%
3.2 Future
Based on estimates for the next years, FIX will show a very strong growth in Earnings Per Share. The EPS will grow by 23.87% on average per year.
Based on estimates for the next years, FIX will show a quite strong growth in Revenue. The Revenue will grow by 11.96% on average per year.
EPS Next Y59.19%
EPS Next 2Y33.42%
EPS Next 3Y23.87%
EPS Next 5YN/A
Revenue Next Year19.82%
Revenue Next 2Y14.81%
Revenue Next 3Y11.96%
Revenue Next 5YN/A
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 39.20, the valuation of FIX can be described as expensive.
Compared to the rest of the industry, the Price/Earnings ratio of FIX is on the same level as its industry peers.
FIX is valuated rather expensively when we compare the Price/Earnings ratio to 27.20, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 29.34, which means the current valuation is very expensive for FIX.
FIX's Price/Forward Earnings is on the same level as the industry average.
When comparing the Price/Forward Earnings ratio of FIX to the average of the S&P500 Index (22.70), we can say FIX is valued slightly more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 39.2 | ||
| Fwd PE | 29.34 |
4.2 Price Multiples
FIX's Enterprise Value to EBITDA is on the same level as the industry average.
FIX's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 47.98 | ||
| EV/EBITDA | 25.24 |
4.3 Compensation for Growth
FIX's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The excellent profitability rating of FIX may justify a higher PE ratio.
FIX's earnings are expected to grow with 23.87% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.66
PEG (5Y)1.07
EPS Next 2Y33.42%
EPS Next 3Y23.87%
5. Dividend
5.1 Amount
With a yearly dividend of 0.26%, FIX is not a good candidate for dividend investing.
FIX's Dividend Yield is rather good when compared to the industry average which is at 1.57. FIX pays more dividend than 84.62% of the companies in the same industry.
With a Dividend Yield of 0.26, FIX pays less dividend than the S&P500 average, which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.26% |
5.2 History
The dividend of FIX is nicely growing with an annual growth rate of 24.96%!
FIX has been paying a dividend for at least 10 years, so it has a reliable track record.
FIX has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)24.96%
Div Incr Years12
Div Non Decr Years19
5.3 Sustainability
FIX pays out 7.68% of its income as dividend. This is a sustainable payout ratio.
FIX's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP7.68%
EPS Next 2Y33.42%
EPS Next 3Y23.87%
762.91
-14.27 (-1.84%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)
Earnings (Next)
Inst Owners98.81%
Inst Owner Change-2.29%
Ins Owners1.38%
Ins Owner Change-6.36%
Market Cap26.92B
Analysts81.67
Price Target700.56 (-8.17%)
Short Float %1.99%
Short Ratio1.7
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.26% |
Yearly Dividend1.2
Dividend Growth(5Y)24.96%
DP7.68%
Div Incr Years12
Div Non Decr Years19
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)31.05%
Min EPS beat(2)26.84%
Max EPS beat(2)35.26%
EPS beat(4)4
Avg EPS beat(4)18.41%
Min EPS beat(4)1.91%
Max EPS beat(4)35.26%
EPS beat(8)8
Avg EPS beat(8)20.62%
EPS beat(12)12
Avg EPS beat(12)21.34%
EPS beat(16)15
Avg EPS beat(16)19.25%
Revenue beat(2)2
Avg Revenue beat(2)5.93%
Min Revenue beat(2)2.65%
Max Revenue beat(2)9.21%
Revenue beat(4)3
Avg Revenue beat(4)3.5%
Min Revenue beat(4)-2.46%
Max Revenue beat(4)9.21%
Revenue beat(8)7
Avg Revenue beat(8)3.65%
Revenue beat(12)11
Avg Revenue beat(12)4.14%
Revenue beat(16)15
Avg Revenue beat(16)4.87%
PT rev (1m)0%
PT rev (3m)33.58%
EPS NQ rev (1m)0.64%
EPS NQ rev (3m)21.51%
EPS NY rev (1m)18.42%
EPS NY rev (3m)18.49%
Revenue NQ rev (1m)0.18%
Revenue NQ rev (3m)7.9%
Revenue NY rev (1m)2.69%
Revenue NY rev (3m)6.87%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 39.2 | ||
| Fwd PE | 29.34 | ||
| P/S | 3.5 | ||
| P/FCF | 47.98 | ||
| P/OCF | 39.75 | ||
| P/B | 13.65 | ||
| P/tB | 45.47 | ||
| EV/EBITDA | 25.24 |
EPS(TTM)19.46
EY2.55%
EPS(NY)26.01
Fwd EY3.41%
FCF(TTM)15.9
FCFY2.08%
OCF(TTM)19.19
OCFY2.52%
SpS217.82
BVpS55.87
TBVpS16.78
PEG (NY)0.66
PEG (5Y)1.07
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.67% | ||
| ROE | 35.12% | ||
| ROCE | 39.58% | ||
| ROIC | 31.99% | ||
| ROICexc | 37.22% | ||
| ROICexgc | 115.8% | ||
| OM | 12.17% | ||
| PM (TTM) | 9.01% | ||
| GM | 22.5% | ||
| FCFM | 7.3% |
ROA(3y)10.11%
ROA(5y)9.07%
ROE(3y)26.85%
ROE(5y)23.98%
ROIC(3y)21.29%
ROIC(5y)17.85%
ROICexc(3y)25.84%
ROICexc(5y)20.83%
ROICexgc(3y)114.86%
ROICexgc(5y)85.93%
ROCE(3y)26.34%
ROCE(5y)22.08%
ROICexcg growth 3Y83.67%
ROICexcg growth 5Y43.43%
ROICexc growth 3Y49.24%
ROICexc growth 5Y19.84%
OM growth 3Y20.43%
OM growth 5Y11.4%
PM growth 3Y16.81%
PM growth 5Y11.21%
GM growth 3Y4.66%
GM growth 5Y1.83%
F-Score8
Asset Turnover1.52
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.03 | ||
| Debt/FCF | 0.13 | ||
| Debt/EBITDA | 0.06 | ||
| Cap/Depr | 82.77% | ||
| Cap/Sales | 1.51% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 62.93% | ||
| Profit Quality | 81.04% | ||
| Current Ratio | 1.13 | ||
| Quick Ratio | 1.1 | ||
| Altman-Z | 8.08 |
F-Score8
WACC9.96%
ROIC/WACC3.21
Cap/Depr(3y)84.02%
Cap/Depr(5y)64.84%
Cap/Sales(3y)1.52%
Cap/Sales(5y)1.23%
Profit Quality(3y)137.55%
Profit Quality(5y)139.51%
High Growth Momentum
Growth
EPS 1Y (TTM)66.04%
EPS 3Y54.78%
EPS 5Y36.79%
EPS Q2Q%74.6%
EPS Next Y59.19%
EPS Next 2Y33.42%
EPS Next 3Y23.87%
EPS Next 5YN/A
Revenue 1Y (TTM)26.33%
Revenue growth 3Y31.74%
Revenue growth 5Y21.86%
Sales Q2Q%20.05%
Revenue Next Year19.82%
Revenue Next 2Y14.81%
Revenue Next 3Y11.96%
Revenue Next 5YN/A
EBIT growth 1Y63.31%
EBIT growth 3Y58.65%
EBIT growth 5Y35.75%
EBIT Next Year71.44%
EBIT Next 3Y25.74%
EBIT Next 5YN/A
FCF growth 1Y49.08%
FCF growth 3Y67.22%
FCF growth 5Y46.28%
OCF growth 1Y51.99%
OCF growth 3Y67.66%
OCF growth 5Y43%