COMFORT SYSTEMS USA INC (FIX) Stock Fundamental Analysis
USA - NYSE:FIX - US1999081045 - Common Stock
827.92 USD
-10.86 (-1.29%)
827.92 USD
0 (0%)
FIX gets a fundamental rating of 8 out of 10. The analysis compared the fundamentals against 54 industry peers in the Construction & Engineering industry. Both the health and profitability get an excellent rating, making FIX a very profitable company, without any liquidiy or solvency issues. FIX is not overvalued while it is showing excellent growth. This is an interesting combination. This makes FIX very considerable 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 88.89% of its industry peers.
Looking at the Return On Equity, with a value of 35.12%, FIX belongs to the top of the industry, outperforming 88.89% of the companies in the same industry.
The Return On Invested Capital of FIX (31.99%) is better than 92.59% of its industry peers.
The Average Return On Invested Capital over the past 3 years for FIX is above the industry average of 17.10%.
The last Return On Invested Capital (31.99%) for FIX is above the 3 year average (21.29%), which is a sign of increasing profitability.
| 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
FIX's Profit Margin of 9.01% is amongst the best of the industry. FIX outperforms 85.19% of its industry peers.
In the last couple of years the Profit Margin of FIX has grown nicely.
Looking at the Operating Margin, with a value of 12.17%, FIX belongs to the top of the industry, outperforming 85.19% of the companies in the same industry.
In the last couple of years the Operating Margin of FIX has grown nicely.
Looking at the Gross Margin, with a value of 22.50%, FIX is in the better half of the industry, outperforming 72.22% of the companies in the same industry.
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.
FIX has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, FIX has less shares outstanding
Compared to 1 year ago, FIX has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 8.50 indicates that FIX is not in any danger for bankruptcy at the moment.
FIX has a better Altman-Z score (8.50) than 92.59% of its industry peers.
FIX has a debt to FCF ratio of 0.13. This is a very positive value and a sign of high solvency as it would only need 0.13 years to pay back of all of its debts.
FIX has a better Debt to FCF ratio (0.13) than 92.59% of its industry peers.
FIX has a Debt/Equity ratio of 0.03. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of FIX (0.03) is better than 88.89% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.03 | ||
| Debt/FCF | 0.13 | ||
| Altman-Z | 8.5 |
ROIC/WACC2.85
WACC11.24%
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 64.81% of its industry peers.
A Quick Ratio of 1.10 indicates that FIX should not have too much problems paying its short term obligations.
FIX has a worse Quick ratio (1.10) than 61.11% of its industry peers.
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
FIX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 66.04%, which is quite impressive.
FIX shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 36.79% yearly.
The Revenue has grown by 26.33% in the past year. This is a very strong growth!
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 24.96% on average per year.
The Revenue is expected to grow by 11.96% on average over the next years. This is quite good.
EPS Next Y59.63%
EPS Next 2Y33.74%
EPS Next 3Y24.96%
EPS Next 5YN/A
Revenue Next Year19.82%
Revenue Next 2Y14.81%
Revenue Next 3Y11.96%
Revenue Next 5YN/A
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of 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
A Price/Earnings ratio of 42.54 indicates a quite expensive valuation of FIX.
FIX's Price/Earnings ratio is in line with the industry average.
FIX's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 27.40.
The Price/Forward Earnings ratio is 31.68, which means the current valuation is very expensive for FIX.
The rest of the industry has a similar Price/Forward Earnings ratio as FIX.
FIX is valuated rather expensively when we compare the Price/Forward Earnings ratio to 22.94, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 42.54 | ||
| Fwd PE | 31.68 |
4.2 Price Multiples
FIX's Enterprise Value to EBITDA is on the same level as the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of FIX is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 52.07 | ||
| EV/EBITDA | 27.26 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
FIX has an outstanding profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as FIX's earnings are expected to grow with 24.96% in the coming years.
PEG (NY)0.71
PEG (5Y)1.16
EPS Next 2Y33.74%
EPS Next 3Y24.96%
5. Dividend
5.1 Amount
FIX has a yearly dividend return of 0.24%, which is pretty low.
Compared to an average industry Dividend Yield of 1.66, FIX pays a better dividend. On top of this FIX pays more dividend than 85.19% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.38, FIX's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.24% |
5.2 History
On average, the dividend of FIX grows each year by 24.96%, which is quite nice.
FIX has paid a dividend for at least 10 years, which is a reliable track record.
FIX has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)24.96%
Div Incr Years12
Div Non Decr Years19
5.3 Sustainability
7.68% of the earnings are spent on dividend by FIX. This is a low number and sustainable payout ratio.
The dividend of FIX is growing around the same rate as the earnings are growing. If this keeps up the dividend growth is sustainable.
DP7.68%
EPS Next 2Y33.74%
EPS Next 3Y24.96%
827.92
-10.86 (-1.29%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)
Earnings (Next)
Inst Owners98.41%
Inst Owner Change-0.29%
Ins Owners1.32%
Ins Owner Change-8.85%
Market Cap29.21B
Analysts81.67
Price Target724.61 (-12.48%)
Short Float %2.1%
Short Ratio1.72
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.24% |
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)3.43%
PT rev (3m)38.17%
EPS NQ rev (1m)0%
EPS NQ rev (3m)21.51%
EPS NY rev (1m)0.28%
EPS NY rev (3m)18.75%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)7.9%
Revenue NY rev (1m)0%
Revenue NY rev (3m)6.86%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 42.54 | ||
| Fwd PE | 31.68 | ||
| P/S | 3.8 | ||
| P/FCF | 52.07 | ||
| P/OCF | 43.13 | ||
| P/B | 14.82 | ||
| P/tB | 49.34 | ||
| EV/EBITDA | 27.26 |
EPS(TTM)19.46
EY2.35%
EPS(NY)26.13
Fwd EY3.16%
FCF(TTM)15.9
FCFY1.92%
OCF(TTM)19.19
OCFY2.32%
SpS217.82
BVpS55.87
TBVpS16.78
PEG (NY)0.71
PEG (5Y)1.16
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 | 8.5 |
F-Score8
WACC11.24%
ROIC/WACC2.85
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 Y59.63%
EPS Next 2Y33.74%
EPS Next 3Y24.96%
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 Year72.01%
EBIT Next 3Y26.55%
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%