Waters Corporation, a specialty measurement company, provides analytical workflow solutions in Asia, the Americas, and Europe.
Questionable track record with limited growth.
Share Price & News
How has Waters's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: WAZ has not had significant price volatility in the past 3 months.
7 Day Return
DE Life Sciences
1 Year Return
DE Life Sciences
Return vs Industry: WAZ underperformed the German Life Sciences industry which returned 66.3% over the past year.
Return vs Market: WAZ underperformed the German Market which returned 8.1% over the past year.
Price Volatility Vs. Market
How volatile is Waters's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Waters undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: WAZ (€177) is trading above our estimate of fair value (€127.94)
Significantly Below Fair Value: WAZ is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: WAZ is good value based on its PE Ratio (26.2x) compared to the XE Life Sciences industry average (63.3x).
PE vs Market: WAZ is poor value based on its PE Ratio (26.2x) compared to the German market (21.5x).
Price to Earnings Growth Ratio
PEG Ratio: WAZ is poor value based on its PEG Ratio (2.4x)
Price to Book Ratio
PB vs Industry: WAZ has negative assets, so we can't compare its PB Ratio to the XE Life Sciences industry average.
How is Waters forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: WAZ's forecast earnings growth (11.1% per year) is above the savings rate (0.2%).
Earnings vs Market: WAZ's earnings (11.1% per year) are forecast to grow slower than the German market (23.6% per year).
High Growth Earnings: WAZ's earnings are forecast to grow, but not significantly.
Revenue vs Market: WAZ's revenue (5.8% per year) is forecast to grow slower than the German market (5.8% per year).
High Growth Revenue: WAZ's revenue (5.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: WAZ's Return on Equity is forecast to be very high in 3 years time (328.2%).
How has Waters performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: WAZ has high quality earnings.
Growing Profit Margin: WAZ's current net profit margins (22.6%) are lower than last year (24.1%).
Past Earnings Growth Analysis
Earnings Trend: WAZ's earnings have grown by 1.5% per year over the past 5 years.
Accelerating Growth: WAZ's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: WAZ had negative earnings growth (-11.1%) over the past year, making it difficult to compare to the Life Sciences industry average (3.3%).
Return on Equity
High ROE: WAZ's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.
How is Waters's financial position?
Financial Position Analysis
Short Term Liabilities: WAZ has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: WAZ has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: WAZ has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: WAZ's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: WAZ's debt is well covered by operating cash flow (40.7%).
Interest Coverage: WAZ's interest payments on its debt are well covered by EBIT (18x coverage).
What is Waters's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate WAZ's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate WAZ's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if WAZ's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if WAZ's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of WAZ's dividend in 3 years as they are not forecast to pay a notable one for the German market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Chris O'Connell (53 yo)
Mr. Christopher James O’Connell, also known as Chris, has been the Chief Executive Officer of Waters Corporation since September 8, 2015, its President since September 8, 2015 and also served as its Chairm ...
CEO Compensation Analysis
Compensation vs Market: Chris's total compensation ($USD1.08M) is below average for companies of similar size in the German market ($USD5.24M).
Compensation vs Earnings: Chris's compensation has been consistent with company performance over the past year.
|Senior VP & CFO||3.58yrs||US$559.22k||0.0060% |
|Senior VP||0.83yr||US$1.07m||0.0012% |
|Senior Vice President of Global Markets||4.5yrs||US$521.97k||0.0037% |
|Senior VP & President of TA Instruments||0.92yr||US$872.26k||0.0020% |
|Senior Director of Investor Relations||no data||no data||no data|
|Senior Director of Public Relations||no data||no data||no data|
|Senior Vice President of Corporate Development||2.5yrs||US$3.78m||0.0019% |
|Senior Vice President of Global Human Resources||4.5yrs||US$1.58m||0.022% |
|Senior Vice President of Global Products||3.08yrs||US$2.17m||0.0084% |
|VP & Corporate Controller||7yrs||no data||0.0025% |
|Treasurer||no data||no data||no data|
Experienced Management: WAZ's management team is considered experienced (3.6 years average tenure).
|Independent Director||26yrs||US$314.86k||0.11% |
|Independent Director||1.92yrs||US$298.86k||0.0022% |
|Independent Director||14.25yrs||US$323.36k||0.026% |
|Independent Director||22.58yrs||US$300.86k||0.045% |
|Independent Director||22.42yrs||US$306.36k||0.035% |
|Lead Independent Director||16.5yrs||US$324.36k||0.16% |
|Independent Director||14.25yrs||US$325.86k||0.052% |
|Independent Director||1.92yrs||US$300.36k||0.0022% |
|Independent Chairman||0.42yr||US$318.86k||0.0036% |
Experienced Board: WAZ's board of directors are seasoned and experienced ( 14.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: WAZ insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Waters Corporation's company bio, employee growth, exchange listings and data sources
- Name: Waters Corporation
- Ticker: WAZ
- Exchange: DB
- Founded: 1958
- Industry: Life Sciences Tools and Services
- Sector: Pharmaceuticals & Biotech
- Market Cap: US$13.149b
- Listing Market Cap: US$11.156b
- Shares outstanding: 61.93m
- Website: https://www.waters.com
Number of Employees
- Waters Corporation
- 34 Maple Street
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|WAT||NYSE (New York Stock Exchange)||Yes||Common Shares||US||USD||Nov 1995|
|WAZ||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Nov 1995|
|0LTI||LSE (London Stock Exchange)||Yes||Common Shares||GB||USD||Nov 1995|
|WAT *||BMV (Bolsa Mexicana de Valores)||Yes||Common Shares||MX||MXN||Nov 1995|
|WATC34||BOVESPA (Bolsa de Valores de Sao Paulo)||BDR EACH 1 REP 0.25 COM USD0.01||BR||BRL||May 2019|
Waters Corporation, a specialty measurement company, provides analytical workflow solutions in Asia, the Americas, and Europe. It operates through two segments, Waters and TA. The company designs, manufact ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/08/08 21:58|
|End of Day Share Price||2020/08/07 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.