COMFORT SYSTEMS USA INC (FIX)
US1999081045 - Common Stock
FIX gets a fundamental rating of 8 out of 10. The analysis compared the fundamentals against 41 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 growing strongly while it is still valued neutral. This is a good 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.
FIX had positive earnings in each of the past 5 years.
In the past 5 years FIX always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of FIX (9.29%) is better than 95.12% of its industry peers.
FIX has a better Return On Equity (26.41%) than 97.56% of its industry peers.
FIX's Return On Invested Capital of 22.70% is amongst the best of the industry. FIX outperforms 100.00% of its industry peers.
The Average Return On Invested Capital over the past 3 years for FIX is significantly above the industry average of 8.20%.
The 3 year average ROIC (15.98%) for FIX is below the current ROIC(22.70%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.29% | ||
| ROE | 26.41% | ||
| ROIC | 22.7% |
ROA(3y)8.58%
ROA(5y)8.38%
ROE(3y)22.57%
ROE(5y)21.76%
ROIC(3y)15.98%
ROIC(5y)15.56%
1.3 Margins
With an excellent Profit Margin value of 6.51%, FIX belongs to the best of the industry, outperforming 82.93% of the companies in the same industry.
FIX's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 8.63%, FIX belongs to the top of the industry, outperforming 82.93% of the companies in the same industry.
FIX's Operating Margin has improved in the last couple of years.
FIX's Gross Margin of 19.44% is fine compared to the rest of the industry. FIX outperforms 65.85% of its industry peers.
In the last couple of years the Gross Margin of FIX has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.63% | ||
| PM (TTM) | 6.51% | ||
| GM | 19.44% |
OM growth 3Y6.44%
OM growth 5Y3.16%
PM growth 3Y5.73%
PM growth 5Y3.73%
GM growth 3Y-0.22%
GM growth 5Y-1.43%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so FIX is creating value.
The number of shares outstanding for FIX has been reduced compared to 1 year ago.
FIX has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, FIX has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 4.85 indicates that FIX is not in any danger for bankruptcy at the moment.
With an excellent Altman-Z score value of 4.85, FIX belongs to the best of the industry, outperforming 87.80% of the companies in the same industry.
The Debt to FCF ratio of FIX is 0.16, which is an excellent value as it means it would take FIX, only 0.16 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of FIX (0.16) is better than 90.24% of its industry peers.
FIX has a Debt/Equity ratio of 0.06. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.06, FIX belongs to the top of the industry, outperforming 85.37% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.06 | ||
| Debt/FCF | 0.16 | ||
| Altman-Z | 4.85 |
ROIC/WACC2.35
WACC9.65%
2.3 Liquidity
A Current Ratio of 0.96 indicates that FIX may have some problems paying its short term obligations.
The Current ratio of FIX (0.96) is worse than 80.49% of its industry peers.
FIX has a Quick Ratio of 0.96. This is a bad value and indicates that FIX is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.92, FIX is not doing good in the industry: 80.49% 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 | 0.96 | ||
| Quick Ratio | 0.92 |
3. Growth
3.1 Past
FIX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 68.25%, which is quite impressive.
The Earnings Per Share has been growing by 24.57% on average over the past years. This is a very strong growth
FIX shows a strong growth in Revenue. In the last year, the Revenue has grown by 25.72%.
Measured over the past years, FIX shows a quite strong growth in Revenue. The Revenue has been growing by 18.99% on average per year.
EPS 1Y (TTM)68.25%
EPS 3Y30.59%
EPS 5Y24.57%
EPS growth Q2Q78.15%
Revenue 1Y (TTM)25.72%
Revenue growth 3Y22.15%
Revenue growth 5Y18.99%
Revenue growth Q2Q30.85%
3.2 Future
FIX is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 14.91% yearly.
FIX is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 11.79% yearly.
EPS Next Y27.08%
EPS Next 2Y20.8%
EPS Next 3Y14.91%
EPS Next 5YN/A
Revenue Next Year26.44%
Revenue Next 2Y16.73%
Revenue Next 3Y11.79%
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.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 31.79, which means the current valuation is very expensive for FIX.
FIX's Price/Earnings ratio is in line with the industry average.
FIX's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 28.06.
FIX is valuated rather expensively with a Price/Forward Earnings ratio of 24.73.
FIX's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 20.72. FIX is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.79 | ||
| Fwd PE | 24.73 |
4.2 Price Multiples
FIX's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. FIX is more expensive than 60.98% of the companies in the same industry.
FIX's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. FIX is cheaper than 73.17% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 20.22 | ||
| EV/EBITDA | 18.99 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The excellent profitability rating of FIX may justify a higher PE ratio.
A more expensive valuation may be justified as FIX's earnings are expected to grow with 14.91% in the coming years.
PEG (NY)1.17
PEG (5Y)1.29
EPS Next 2Y20.8%
EPS Next 3Y14.91%
5. Dividend
5.1 Amount
With a yearly dividend of 0.40%, FIX is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 0.85, FIX pays a better dividend. On top of this FIX pays more dividend than 82.93% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.41, FIX's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.4% |
5.2 History
On average, the dividend of FIX grows each year by 20.70%, which is quite nice.
FIX has paid a dividend for at least 10 years, which is 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)20.7%
Div Incr Years11
Div Non Decr Years18
5.3 Sustainability
9.12% of the earnings are spent on dividend by FIX. This is a low number and sustainable payout ratio.
The dividend of FIX is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP9.12%
EPS Next 2Y20.8%
EPS Next 3Y14.91%
COMFORT SYSTEMS USA INC
NYSE:FIX (5/3/2024, 3:15:00 PM)
After market: 315.03 0 (0%)315.03
+7.32 (+2.38%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap11.24B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.4% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
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EPS beat(4)
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EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
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EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
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Revenue beat(4)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.79 | ||
| Fwd PE | 24.73 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)1.17
PEG (5Y)1.29
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.29% | ||
| ROE | 26.41% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 8.63% | ||
| PM (TTM) | 6.51% | ||
| GM | 19.44% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover1.43
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.06 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.96 | ||
| Quick Ratio | 0.92 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)68.25%
EPS 3Y30.59%
EPS 5Y
EPS growth Q2Q
EPS Next Y27.08%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)25.72%
Revenue growth 3Y22.15%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y