COMFORT SYSTEMS USA INC (FIX) Stock Fundamental Analysis
USA - NYSE:FIX - US1999081045 - Common Stock
804.36 USD
+22.48 (+2.88%)
804.36 USD
0 (0%)
Taking everything into account, FIX scores 8 out of 10 in our fundamental rating. FIX was compared to 53 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! With these ratings, FIX could be worth investigating further for growth and quality investing!.
1. Profitability
1.1 Basic Checks
In the past year FIX was profitable.
FIX had a positive operating cash flow in the past year.
FIX had positive earnings in each of the past 5 years.
FIX had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 13.67%, FIX belongs to the top of the industry, outperforming 90.38% of the companies in the same industry.
Looking at the Return On Equity, with a value of 35.12%, FIX belongs to the top of the industry, outperforming 88.46% of the companies in the same industry.
The Return On Invested Capital of FIX (31.99%) is better than 92.31% of its industry peers.
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
FIX's Profit Margin of 9.01% is amongst the best of the industry. FIX outperforms 84.62% of its industry peers.
In the last couple of years the Profit Margin of FIX has grown nicely.
FIX's Operating Margin of 12.17% is amongst the best of the industry. FIX outperforms 86.54% of its industry peers.
FIX's Operating Margin has improved in the last couple of years.
FIX has a better Gross Margin (22.50%) than 71.15% of its industry peers.
In the last couple of years the Gross Margin of FIX has grown nicely.
| 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.
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.
The debt/assets ratio for FIX is higher compared to a year ago.
2.2 Solvency
FIX has an Altman-Z score of 8.27. This indicates that FIX is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 8.27, FIX belongs to the top of the industry, outperforming 94.23% of the companies in the same industry.
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's Debt to FCF ratio of 0.13 is amongst the best of the industry. FIX outperforms 90.38% of its industry peers.
A Debt/Equity ratio of 0.03 indicates that FIX is not too dependend on debt financing.
The Debt to Equity ratio of FIX (0.03) is better than 88.46% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.03 | ||
| Debt/FCF | 0.13 | ||
| Altman-Z | 8.27 |
ROIC/WACC3.11
WACC10.28%
2.3 Liquidity
A Current Ratio of 1.13 indicates that FIX should not have too much problems paying its short term obligations.
With a Current ratio value of 1.13, FIX is not doing good in the industry: 67.31% of the companies in the same industry are doing better.
FIX has a Quick Ratio of 1.10. This is a normal value and indicates that FIX is financially healthy and should not expect problems in meeting 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.
The current and quick ratio evaluation for FIX is rather negative, while it does have 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.
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
FIX is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 24.96% yearly.
FIX is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 11.96% yearly.
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.
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
Based on the Price/Earnings ratio of 41.33, the valuation of FIX can be described as expensive.
FIX's Price/Earnings ratio is in line with the industry average.
The average S&P500 Price/Earnings ratio is at 27.32. FIX is valued rather expensively when compared to this.
With a Price/Forward Earnings ratio of 30.78, FIX can be considered very expensive at the moment.
FIX's Price/Forward Earnings ratio is in line with the industry average.
When comparing the Price/Forward Earnings ratio of FIX to the average of the S&P500 Index (22.89), we can say FIX is valued slightly more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 41.33 | ||
| Fwd PE | 30.78 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of FIX is on the same level as its industry peers.
FIX's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 50.59 | ||
| EV/EBITDA | 26.13 |
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.
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 24.96% in the coming years.
PEG (NY)0.69
PEG (5Y)1.12
EPS Next 2Y33.74%
EPS Next 3Y24.96%
5. Dividend
5.1 Amount
With a yearly dividend of 0.26%, FIX is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 1.56, FIX pays a better dividend. On top of this FIX pays more dividend than 82.69% of the companies listed in the same industry.
With a Dividend Yield of 0.26, FIX pays less dividend than the S&P500 average, which is at 2.42.
| 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 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)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.
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%
804.36
+22.48 (+2.88%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)
Earnings (Next)
Inst Owners98.41%
Inst Owner Change-2.29%
Ins Owners1.32%
Ins Owner Change-10.1%
Market Cap28.38B
Analysts81.67
Price Target700.56 (-12.9%)
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)0.28%
EPS NY rev (3m)18.76%
Revenue NQ rev (1m)0.18%
Revenue NQ rev (3m)7.9%
Revenue NY rev (1m)0.08%
Revenue NY rev (3m)6.87%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 41.33 | ||
| Fwd PE | 30.78 | ||
| P/S | 3.69 | ||
| P/FCF | 50.59 | ||
| P/OCF | 41.91 | ||
| P/B | 14.4 | ||
| P/tB | 47.94 | ||
| EV/EBITDA | 26.13 |
EPS(TTM)19.46
EY2.42%
EPS(NY)26.13
Fwd EY3.25%
FCF(TTM)15.9
FCFY1.98%
OCF(TTM)19.19
OCFY2.39%
SpS217.82
BVpS55.87
TBVpS16.78
PEG (NY)0.69
PEG (5Y)1.12
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 | 8.27 |
F-Score8
WACC10.28%
ROIC/WACC3.11
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%