Loading...

Comfort Systems USA

NYSE:FIX
Snowflake Description

Outstanding track record with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FIX
NYSE
$2B
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

Comfort Systems USA, Inc. provides mechanical installation, renovation, maintenance, repair, and replacement services for the mechanical services industry in the United States. The last earnings update was 27 days ago. More info.


Add to Portfolio Compare Print
FIX Share Price and Events
7 Day Returns
-1.4%
NYSE:FIX
0.8%
US Construction
1.2%
US Market
1 Year Returns
23.8%
NYSE:FIX
-7.7%
US Construction
3%
US Market
FIX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Comfort Systems USA (FIX) -1.4% 2.7% 21.2% 23.8% 71.4% 232%
US Construction 0.8% 2.8% 21% -7.7% 23.4% -3.8%
US Market 1.2% 2.1% 14.6% 3% 39% 43.5%
1 Year Return vs Industry and Market
  • FIX outperformed the Construction industry which returned -7.7% over the past year.
  • FIX outperformed the Market in United States of America which returned 3% over the past year.
Price Volatility
FIX
Industry
5yr Volatility vs Market

Value

 Is Comfort Systems USA undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Comfort Systems USA to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Comfort Systems USA.

NYSE:FIX Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.2%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:FIX
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Construction Unlevered Beta Simply Wall St/ S&P Global 1.1
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.099 (1 + (1- 21%) (4.01%))
1.09
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.09
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.09 * 5.96%)
9.22%

Discounted Cash Flow Calculation for NYSE:FIX using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Comfort Systems USA is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:FIX DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.22%)
2019 119.45 Analyst x2 109.36
2020 129.25 Analyst x2 108.34
2021 137.42 Est @ 6.32% 105.46
2022 144.63 Est @ 5.25% 101.62
2023 151.13 Est @ 4.49% 97.22
2024 157.12 Est @ 3.96% 92.54
2025 162.76 Est @ 3.59% 87.76
2026 168.19 Est @ 3.33% 83.03
2027 173.49 Est @ 3.15% 78.42
2028 178.74 Est @ 3.03% 73.97
Present value of next 10 years cash flows $937.72
NYSE:FIX DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $178.74 × (1 + 2.73%) ÷ (9.22% – 2.73%)
$2,827.43
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $2,827.43 ÷ (1 + 9.22%)10
$1,170.03
NYSE:FIX Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $937.72 + $1,170.03
$2,107.76
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,107.76 / 36.87
$57.17
NYSE:FIX Discount to Share Price
Calculation Result
Value per share (USD) From above. $57.17
Current discount Discount to share price of $52.05
= -1 x ($52.05 - $57.17) / $57.17
9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Comfort Systems USA is available for.
Intrinsic value
9%
Share price is $52.05 vs Future cash flow value of $57.17
Current Discount Checks
For Comfort Systems USA to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Comfort Systems USA's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Comfort Systems USA's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Comfort Systems USA's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Comfort Systems USA's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:FIX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $3.03
NYSE:FIX Share Price ** NYSE (2019-03-20) in USD $52.05
United States of America Construction Industry PE Ratio Median Figure of 29 Publicly-Listed Construction Companies 17.22x
United States of America Market PE Ratio Median Figure of 3,058 Publicly-Listed Companies 17.69x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Comfort Systems USA.

NYSE:FIX PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:FIX Share Price ÷ EPS (both in USD)

= 52.05 ÷ 3.03

17.15x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Comfort Systems USA is good value based on earnings compared to the US Construction industry average.
  • Comfort Systems USA is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Comfort Systems USA's expected growth come at a high price?
Raw Data
NYSE:FIX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.15x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
9.6%per year
United States of America Construction Industry PEG Ratio Median Figure of 25 Publicly-Listed Construction Companies 1.14x
United States of America Market PEG Ratio Median Figure of 2,103 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

NYSE:FIX PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 17.15x ÷ 9.6%

1.79x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Comfort Systems USA is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Comfort Systems USA's assets?
Raw Data
NYSE:FIX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $13.53
NYSE:FIX Share Price * NYSE (2019-03-20) in USD $52.05
United States of America Construction Industry PB Ratio Median Figure of 34 Publicly-Listed Construction Companies 1.84x
United States of America Market PB Ratio Median Figure of 5,156 Publicly-Listed Companies 1.89x
NYSE:FIX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:FIX Share Price ÷ Book Value per Share (both in USD)

= 52.05 ÷ 13.53

3.85x

* Primary Listing of Comfort Systems USA.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Comfort Systems USA is overvalued based on assets compared to the US Construction industry average.
X
Value checks
We assess Comfort Systems USA's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Construction industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Construction industry average (and greater than 0)? (1 check)
  5. Comfort Systems USA has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Comfort Systems USA expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
9.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Comfort Systems USA expected to grow at an attractive rate?
  • Comfort Systems USA's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Comfort Systems USA's earnings growth is positive but not above the United States of America market average.
  • Comfort Systems USA's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:FIX Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:FIX Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 9.6%
NYSE:FIX Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 12%
United States of America Construction Industry Earnings Growth Rate Market Cap Weighted Average 23.7%
United States of America Construction Industry Revenue Growth Rate Market Cap Weighted Average 5.2%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:FIX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:FIX Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 2,792 163 137 3
2019-12-31 2,647 151 125 3
NYSE:FIX Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 2,183 147 113
2018-09-30 2,056 116 95
2018-06-30 1,942 130 79
2018-03-31 1,872 108 64
2017-12-31 1,788 114 55
2017-09-30 1,719 107 65
2017-06-30 1,667 76 63
2017-03-31 1,629 88 63
2016-12-31 1,634 91 65
2016-09-30 1,626 73 61
2016-06-30 1,608 84 58
2016-03-31 1,597 91 54

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Comfort Systems USA's earnings are expected to grow by 9.6% yearly, however this is not considered high growth (20% yearly).
  • Comfort Systems USA's revenue is expected to grow by 12% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:FIX Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Comfort Systems USA Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:FIX Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 3.63 3.75 3.50 2.00
2019-12-31 3.33 3.46 3.20 2.00
NYSE:FIX Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 3.03
2018-09-30 2.56
2018-06-30 2.12
2018-03-31 1.73
2017-12-31 1.48
2017-09-30 1.73
2017-06-30 1.68
2017-03-31 1.68
2016-12-31 1.74
2016-09-30 1.64
2016-06-30 1.56
2016-03-31 1.45

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Comfort Systems USA is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Comfort Systems USA's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Comfort Systems USA has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Comfort Systems USA performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Comfort Systems USA's growth in the last year to its industry (Construction).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Comfort Systems USA has delivered over 20% year on year earnings growth in the past 5 years.
  • Comfort Systems USA's 1-year earnings growth exceeds its 5-year average (104.3% vs 27.8%)
  • Comfort Systems USA's earnings growth has exceeded the US Construction industry average in the past year (104.3% vs 1.3%).
Earnings and Revenue History
Comfort Systems USA's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Comfort Systems USA Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:FIX Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 2,182.88 112.90 276.89
2018-09-30 2,055.59 95.29 270.56
2018-06-30 1,941.91 79.03 262.96
2018-03-31 1,872.28 64.45 259.58
2017-12-31 1,787.92 55.27 248.79
2017-09-30 1,718.95 64.60 249.52
2017-06-30 1,666.86 62.79 245.72
2017-03-31 1,628.99 62.53 241.86
2016-12-31 1,634.34 64.90 235.00
2016-09-30 1,626.08 61.25 233.86
2016-06-30 1,607.89 58.45 230.52
2016-03-31 1,596.91 54.14 226.68
2015-12-31 1,580.52 49.36 222.07
2015-09-30 1,553.15 46.83 216.44
2015-06-30 1,512.73 36.76 210.77
2015-03-31 1,458.96 27.75 204.06
2014-12-31 1,410.80 23.08 200.83
2014-09-30 1,384.67 17.99 199.05
2014-06-30 1,364.51 21.79 196.22
2014-03-31 1,352.76 25.15 191.27
2013-12-31 1,357.27 27.35 187.22
2013-09-30 1,342.80 25.51 181.55
2013-06-30 1,328.05 19.88 177.85
2013-03-31 1,330.17 16.49 178.91
2012-12-31 1,331.19 13.11 178.35
2012-09-30 1,309.65 15.11 172.57
2012-06-30 1,302.52 -27.23 168.50
2012-03-31 1,261.50 -28.43 163.80

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Comfort Systems USA has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Comfort Systems USA used its assets more efficiently than the US Construction industry average last year based on Return on Assets.
  • Comfort Systems USA has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Comfort Systems USA's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Construction industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Comfort Systems USA has a total score of 6/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Comfort Systems USA's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Comfort Systems USA's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Comfort Systems USA is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Comfort Systems USA's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Comfort Systems USA's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 7.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Comfort Systems USA Company Filings, last reported 2 months ago.

NYSE:FIX Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 498.05 76.92 45.62
2018-09-30 492.77 96.95 19.25
2018-06-30 460.98 58.98 28.00
2018-03-31 429.14 65.99 25.22
2017-12-31 417.95 60.54 36.54
2017-09-30 411.93 81.69 29.50
2017-06-30 396.91 104.74 34.47
2017-03-31 381.96 2.00 31.44
2016-12-31 376.63 2.81 32.07
2016-09-30 364.98 27.89 25.34
2016-06-30 352.70 39.48 38.28
2016-03-31 338.07 54.57 43.54
2015-12-31 365.01 11.51 56.46
2015-09-30 356.24 11.67 45.07
2015-06-30 341.51 19.68 40.71
2015-03-31 327.19 37.76 38.89
2014-12-31 321.39 40.35 32.06
2014-09-30 316.75 42.93 43.88
2014-06-30 316.77 52.90 49.76
2014-03-31 313.75 9.00 40.65
2013-12-31 314.02 2.00 52.05
2013-09-30 306.21 7.00 45.31
2013-06-30 296.15 5.40 23.35
2013-03-31 288.78 7.40 25.44
2012-12-31 287.31 7.40 40.76
2012-09-30 284.32 24.35 35.67
2012-06-30 280.85 29.28 28.81
2012-03-31 279.20 15.28 27.87
  • Comfort Systems USA's level of debt (15.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0.7% vs 15.4% today).
  • Debt is well covered by operating cash flow (191.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 41x coverage).
X
Financial health checks
We assess Comfort Systems USA's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Comfort Systems USA has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Comfort Systems USA's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.73%
Current annual income from Comfort Systems USA dividends. Estimated to be 0.69% next year.
If you bought $2,000 of Comfort Systems USA shares you are expected to receive $15 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Comfort Systems USA's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • Comfort Systems USA's dividend is below the markets top 25% of dividend payers in United States of America (3.64%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:FIX Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
United States of America Construction Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 1.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:FIX Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.36 1.00
2019-12-31 0.36 1.00
NYSE:FIX Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-21 0.380 0.718
2018-10-25 0.340 0.695
2018-07-26 0.340 0.620
2018-02-22 0.300 0.679
2017-10-26 0.300 0.706
2017-07-27 0.300 0.866
2017-02-23 0.280 0.782
2016-10-27 0.280 0.855
2016-07-28 0.280 0.978
2016-02-23 0.260 0.830
2015-07-30 0.260 0.903
2015-04-29 0.240 1.047
2014-10-29 0.240 1.391
2014-07-30 0.220 1.525
2014-04-30 0.220 1.392
2014-02-27 0.220 1.400
2013-10-30 0.220 1.188
2013-07-31 0.220 1.331
2013-05-01 0.200 1.376
2013-02-28 0.200 1.537
2012-11-01 0.200 1.718
2012-08-01 0.200 1.850
2012-05-02 0.200 2.064
2012-02-29 0.200 1.910
2011-11-03 0.200 1.825
2011-08-02 0.200 2.086
2011-05-03 0.200 1.888
2011-03-01 0.200 1.518
2010-11-02 0.200 1.617
2010-08-02 0.200 1.834
2010-05-04 0.200 1.878
2010-03-01 0.200 1.561
2009-11-03 0.200 1.676
2009-07-30 0.200 1.726
2009-04-30 0.180 1.796
2009-03-23 0.180 1.682

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Comfort Systems USA is not paying a notable dividend for United States of America, therefore no need to check if the payments are stable.
  • Comfort Systems USA is not paying a notable dividend for United States of America, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Comfort Systems USA's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Comfort Systems USA's dividends as it is not paying a notable one for United States of America.
Future Payout to shareholders
  • No need to calculate the sustainability of Comfort Systems USA's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Comfort Systems USA's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Comfort Systems USA afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Comfort Systems USA has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Comfort Systems USA's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Brian Lane
COMPENSATION $2,463,022
AGE 61
TENURE AS CEO 7.3 years
CEO Bio

Mr. Brian E. Lane has been the Chief Executive Officer of Comfort Systems USA Inc. since December 2011 and has been its President since March 30, 2010. Mr. Lane served as the Chief Operating Officer and Executive Vice President at Comfort Systems USA Inc., from January 1, 2009 to December 2011 and March 30, 2010 respectively. Mr. Lane served as Senior Vice President of Region One for Comfort Systems USA Inc. from October 2003 to January 31, 2008. He joined Comfort Systems in October 2003. Mr. Lane joined Comfort Systems in October 2003. He spent 15 years at Halliburton, the global service and equipment company devoted to energy, industrial and government customers. During his tenure, he held various positions in business development, strategy and project activities. He departed as the Regional Director of Europe and Africa. Mr. Lane's additional experience included serving as a Regional Director of Capstone Turbine Corporation. He served as a Vice President of Kvaerner, where he focused on the chemical industry. He has been an Independent Director of Main Street Capital Corporation since November 03, 2015. He has been a Director of Comfort Systems USA, Inc. since November 2010. Mr. Lane is also a member of the Board of Directors of Griffen Dewatering Corporation. He holds a Bachelor of Science in Chemistry from Notre Dame University and an MBA from Boston College.

CEO Compensation
  • Brian's compensation has been consistent with company performance over the past year.
  • Brian's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Comfort Systems USA management team in years:

10.5
Average Tenure
53
Average Age
  • The average tenure for the Comfort Systems USA management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Brian Lane

TITLE
CEO, President & Director
COMPENSATION
$2M
AGE
61
TENURE
7.3 yrs

William George

TITLE
Executive VP & CFO
COMPENSATION
$1M
AGE
53
TENURE
13.8 yrs

Julie Shaeff

TITLE
Senior VP & Chief Accounting Officer
COMPENSATION
$704K
AGE
52
TENURE
13.8 yrs

Trent McKenna

TITLE
Non-executive of Regional Operations
COMPENSATION
$995K
AGE
45
TENURE
0.2 yrs

Laura Howell

TITLE
VP, General Counsel & Corporate Secretary
AGE
30
TENURE
0.2 yrs

Chuck Diltz

TITLE
Senior Vice President of National Accounts
TENURE
16 yrs

Thomas Tanner

TITLE
Executive Vice President
COMPENSATION
$1M
AGE
69
TENURE
15.2 yrs

Dean Tillison

TITLE
Senior Vice President of Region 2

Terry Young

TITLE
Senior Vice President of Service
AGE
55
TENURE
0.2 yrs

Joe Nichter

TITLE
President of Comfort Systems USA Southwest
Board of Directors Tenure

Average tenure and age of the Comfort Systems USA board of directors in years:

7.3
Average Tenure
61.5
Average Age
  • The tenure for the Comfort Systems USA board of directors is about average.
Board of Directors

Franklin Myers

TITLE
Chairman
COMPENSATION
$250K
AGE
65
TENURE
4.8 yrs

Brian Lane

TITLE
CEO, President & Director
COMPENSATION
$2M
AGE
61
TENURE
8.3 yrs

Alan Krusi

TITLE
Independent Director
COMPENSATION
$220K
AGE
63
TENURE
11 yrs

Connie Skidmore

TITLE
Director
COMPENSATION
$230K
AGE
67
TENURE
6.3 yrs

Vance Tang

TITLE
Director
COMPENSATION
$212K
AGE
51
TENURE
6.3 yrs

Herman Bulls

TITLE
Director
COMPENSATION
$200K
AGE
62
TENURE
18.1 yrs

Jim Schultz

TITLE
Director
COMPENSATION
$208K
AGE
69
TENURE
16.3 yrs

Darcy Anderson

TITLE
Independent Director
COMPENSATION
$200K
AGE
61
TENURE
11 yrs

Bill Sandbrook

TITLE
Director
AGE
60
TENURE
0.9 yrs

Pablo Mercado

TITLE
Director
AGE
41
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • Comfort Systems USA insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
06. Mar 19 Sell Julie Shaeff Individual 04. Mar 19 04. Mar 19 -4,010 $53.08 $-212,836
28. Feb 19 Buy Franklin Myers Individual 27. Feb 19 27. Feb 19 4,000 $52.84 $211,348
10. Dec 18 Buy Franklin Myers Individual 07. Dec 18 07. Dec 18 3,500 $46.55 $162,925
19. Nov 18 Buy Franklin Myers Individual 19. Nov 18 19. Nov 18 2,500 $54.25 $135,625
23. Aug 18 Buy Franklin Myers Individual 23. Aug 18 23. Aug 18 3,047 $56.76 $172,948
07. Aug 18 Sell Vance Tang Individual 03. Aug 18 03. Aug 18 -4,018 $55.25 $-221,995
29. May 18 Buy William Sandbrook Individual 25. May 18 29. May 18 10,000 $46.42 $461,854
25. May 18 Sell Trent McKenna Individual 24. May 18 25. May 18 -5,000 $46.38 $-231,050
23. May 18 Buy Franklin Myers Individual 22. May 18 22. May 18 3,500 $46.38 $162,330
09. May 18 Sell Julie Shaeff Individual 07. May 18 07. May 18 -3,411 $42.64 $-145,445
X
Management checks
We assess Comfort Systems USA's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Comfort Systems USA has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Is Comfort Systems USA's (NYSE:FIX) 222% Share Price Increase Well Justified?

But on a lighter note, a good company can see its share price rise well over 100%. … One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. … Over half a decade, Comfort Systems USA managed to grow its earnings per share at 33% a year.

Simply Wall St -

Does Comfort Systems USA, Inc.'s (NYSE:FIX) CEO Salary Reflect Performance?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Brian Lane's Compensation Compare With Similar Sized Companies. … is worth US$2.0b, and total annual CEO compensation is US$2.5m.

Simply Wall St -

Should You Think About Buying Comfort Systems USA, Inc. (NYSE:FIX) Now?

Comfort Systems USA, Inc. … As a small cap stock, which tends to lack high analyst coverage, there is generally more of an opportunity for mispricing as there is less activity to push the stock closer to fair value? … Let’s examine Comfort Systems USA’s valuation and outlook in more detail to determine if there’s still a bargain opportunity

Simply Wall St -

Do You Know Comfort Systems USA, Inc.’s (NYSE:FIX) Cash Situation?

Today we will examine Comfort Systems USA’s ability to generate cash flows, as well as the level of capital expenditure it is expected to incur over the next couple of years, which will result in how much money goes to you. … What is Comfort Systems USA's cash yield. … Comfort Systems USA generates cash through its day-to-day business, which needs to be reinvested into the company in order for it to continue operating

Simply Wall St -

What Investors Should Know About Comfort Systems USA, Inc.'s (NYSE:FIX) Financial Strength

Investors are always looking for growth in small-cap stocks like Comfort Systems USA, Inc. … However, an important fact which most ignore is: how financially healthy is the business? … I believe these basic checks tell most of the story you need to know.

Simply Wall St -

Should We Be Delighted With Comfort Systems USA, Inc.'s (NYSE:FIX) ROE Of 19%?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … That means that for every $1 worth of shareholders' equity, it generated $0.19 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Have Insiders Been Buying Comfort Systems USA, Inc. (NYSE:FIX) Shares?

So we'll take a look at whether insiders have been buying or selling shares in Comfort Systems USA, Inc. … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … Comfort Systems USA Insider Transactions Over The Last Year.

Simply Wall St -

Here's What Comfort Systems USA, Inc.'s (NYSE:FIX) P/E Is Telling Us

We'll show how you can use Comfort Systems USA, Inc.'s (NYSE:FIX) P/E ratio to inform your assessment of the investment opportunity. … Based on the last twelve months, Comfort Systems USA's P/E ratio is 16.78. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Does Comfort Systems USA, Inc. (NYSE:FIX) Have A Volatile Share Price?

Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … To use beta as an investor, you must first understand that the overall market has a beta of one. … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.

Simply Wall St -

Comfort Systems USA Inc (NYSE:FIX)'s Return on Capital

and looking to gauge the potential return on investment in Comfort Systems USA Inc (NYSE:FIX). … Your equity share is granted in return for the capital provided to the business to operate, and in order for an investment to be successful the business has to create earnings from the funds that make up this capital. … Therefore, looking at how efficiently Comfort Systems USA is able to use capital to create earnings will help us understand your potential return.

Simply Wall St -

Company Info

Description

Comfort Systems USA, Inc. provides mechanical installation, renovation, maintenance, repair, and replacement services for the mechanical services industry in the United States. It is involved in the design, engineering, integration, installation, and start-up of mechanical and related systems; and maintenance, repair, replacement, renovation, expansion, reconfiguration, and monitoring of mechanical systems, including heating, ventilation, and air conditioning (HVAC) systems, as well as plumbing, piping and controls, off-site construction, electrical, monitoring, and fire protection. The company provides its services for office buildings, retail centers, apartment complexes, and manufacturing plants; and healthcare, education, and government facilities. It serves building owners and developers, general contractors, architects, consulting engineers, and property managers in the commercial, industrial, and institutional HVAC markets. Comfort Systems USA, Inc. was founded in 1917 and is headquartered in Houston, Texas.

Details
Name: Comfort Systems USA, Inc.
FIX
Exchange: NYSE
Founded: 1917
$1,919,068,509
36,869,712
Website: http://www.comfortsystemsusa.com
Address: Comfort Systems USA, Inc.
675 Bering Drive,
Suite 400,
Houston,
Texas, 77057,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE FIX Common Stock New York Stock Exchange US USD 27. Jun 1997
DB 9CF Common Stock Deutsche Boerse AG DE EUR 27. Jun 1997
Number of employees
Current staff
Staff numbers
9,900
Comfort Systems USA employees.
Industry
Construction and Engineering
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/20 23:34
End of day share price update: 2019/03/20 00:00
Last estimates confirmation: 2019/03/12
Last earnings filing: 2019/02/21
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.