| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 2/6 |
| Past Performance | 4/6 |
| Financial Health | 5/6 |
| Dividends | 0/6 |
FIX Overview
Comfort Systems USA, Inc. provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States.
Rewards
PE ratio (19.1x) is below the Construction industry average (26.8x)
Risk Analysis
No risks detected for FIX from our risk checks.
Comfort Systems USA Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$80.38 |
| 52 Week High | US$43.62 |
| 52 Week Low | US$88.53 |
| Beta | 1.1 |
| 1 Month Change | 15.16% |
| 3 Month Change | 9.47% |
| 1 Year Change | 43.36% |
| 3 Year Change | 54.58% |
| 5 Year Change | 195.41% |
| Change since IPO | 402.38% |
Recent News & Updates
Comfort Systems: Gross Profit Prospects Worry Us
The company's revenue has been growing in recent years, although the growth was mainly due to the active M&A policy, which also negatively affected the asset turnover. Despite the growth of the net profit margin, the gross margin has been decreasing since 2017. Given the current problems in the supply chain, the trend is likely to continue. According to our valuation, the company is trading at a fair price. We are neutral on Comfort Systems.
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Shareholder Returns
| FIX | US Construction | US Market | |
|---|---|---|---|
| 7D | 2.4% | 0.8% | 2.0% |
| 1Y | 43.4% | 57.2% | 27.6% |
Return vs Industry: FIX underperformed the US Construction industry which returned 57.1% over the past year.
Return vs Market: FIX exceeded the US Market which returned 27.6% over the past year.
Price Volatility
| FIX volatility | |
|---|---|
| FIX Beta | 1.1 |
| Industry Beta | 1.29 |
| Market Beta | 1 |
Stable Share Price: FIX is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: FIX's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1917 | 11,100 | Brian Lane | https://www.comfortsystemsusa.com |
Comfort Systems USA, Inc. provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It engages in the design, engineering, integration, installation, and start-up of mechanical, electrical, and plumbing (MEP) systems; and maintenance, repair, replacement, renovation, expansion, reconfiguration, and monitoring of existing buildings The company offers its services for heating, ventilation, and air conditioning (HVAC) systems, as well as plumbing, piping and controls, off-site construction, electrical, monitoring, and fire protection. It serves building owners and developers, general contractors, architects, consulting engineers, and property managers in the commercial, industrial, and institutional MEP markets.
Comfort Systems USA Fundamentals Summary
| FIX fundamental statistics | |
|---|---|
| Market Cap | US$2.91b |
| Earnings (TTM) | US$152.38m |
| Revenue (TTM) | US$2.80b |
19.1x
P/E Ratio1.0x
P/S RatioIs FIX overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| FIX income statement (TTM) | |
|---|---|
| Revenue | US$2.80b |
| Cost of Revenue | US$2.26b |
| Gross Profit | US$534.12m |
| Expenses | US$381.74m |
| Earnings | US$152.38m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 4.21 |
| Gross Margin | 19.10% |
| Net Profit Margin | 5.45% |
| Debt/Equity Ratio | 21.3% |
How did FIX perform over the long term?
See historical performance and comparisonDividends
0.6%
Current Dividend Yield11%
Payout RatioValuation
Is Comfort Systems USA undervalued compared to its fair value and its price relative to the market?
19.09x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: FIX ($80.38) is trading above our estimate of fair value ($75.81)
Significantly Below Fair Value: FIX is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: FIX is good value based on its PE Ratio (19.1x) compared to the US Construction industry average (26.8x).
PE vs Market: FIX is poor value based on its PE Ratio (19.1x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: FIX is poor value based on its PEG Ratio (5.5x)
Price to Book Ratio
PB vs Industry: FIX is overvalued based on its PB Ratio (3.9x) compared to the US Construction industry average (2.3x).
Future Growth
How is Comfort Systems USA forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
3.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FIX's forecast earnings growth (3.5% per year) is above the savings rate (2%).
Earnings vs Market: FIX's earnings (3.5% per year) are forecast to grow slower than the US market (15.1% per year).
High Growth Earnings: FIX's earnings are forecast to grow, but not significantly.
Revenue vs Market: FIX's revenue (10% per year) is forecast to grow faster than the US market (9.9% per year).
High Growth Revenue: FIX's revenue (10% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if FIX's Return on Equity is forecast to be high in 3 years time
Past Performance
How has Comfort Systems USA performed over the past 5 years?
21.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FIX has high quality earnings.
Growing Profit Margin: FIX's current net profit margins (5.4%) are higher than last year (4.4%).
Past Earnings Growth Analysis
Earnings Trend: FIX's earnings have grown significantly by 21.7% per year over the past 5 years.
Accelerating Growth: FIX's earnings growth over the past year (19.5%) is below its 5-year average (21.7% per year).
Earnings vs Industry: FIX earnings growth over the past year (19.5%) underperformed the Construction industry 44.1%.
Return on Equity
High ROE: FIX's Return on Equity (20.3%) is considered high.
Financial Health
How is Comfort Systems USA's financial position?
Financial Position Analysis
Short Term Liabilities: FIX's short term assets ($819.4M) exceed its short term liabilities ($721.4M).
Long Term Liabilities: FIX's short term assets ($819.4M) exceed its long term liabilities ($281.5M).
Debt to Equity History and Analysis
Debt Level: FIX's debt to equity ratio (21.4%) is considered satisfactory.
Reducing Debt: FIX's debt to equity ratio has increased from 11% to 21.4% over the past 5 years.
Debt Coverage: FIX's debt is well covered by operating cash flow (145%).
Interest Coverage: FIX's interest payments on its debt are well covered by EBIT (29.5x coverage).
Balance Sheet
Dividend
What is Comfort Systems USA current dividend yield, its reliability and sustainability?
0.60%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FIX's dividend (0.6%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.29%).
High Dividend: FIX's dividend (0.6%) is low compared to the top 25% of dividend payers in the US market (3.49%).
Stability and Growth of Payments
Stable Dividend: FIX is not paying a notable dividend for the US market, therefore no need to check if payments are stable.
Growing Dividend: FIX is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: FIX is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of FIX's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
13.1yrs
Average management tenure
CEO
Brian Lane (64 yo)
9.83yrs
Tenure
US$4,060,002
Compensation
Mr. Brian E. Lane has been the Chief Executive Officer of Comfort Systems USA Inc. since December 2011 and has been its President since March 30, 2010. Mr. Lane served as the Chief Operating Officer and Ex...
CEO Compensation Analysis
Compensation vs Market: Brian's total compensation ($USD4.06M) is about average for companies of similar size in the US market ($USD5.19M).
Compensation vs Earnings: Brian's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: FIX's management team is seasoned and experienced (13.1 years average tenure).
Board Members
Experienced Board: FIX's board of directors are considered experienced (8.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Comfort Systems USA, Inc.'s employee growth, exchange listings and data sources
Key Information
- Name: Comfort Systems USA, Inc.
- Ticker: FIX
- Exchange: NYSE
- Founded: 1917
- Industry: Construction and Engineering
- Sector: Capital Goods
- Market Cap: US$2.909b
- Shares outstanding: 36.19m
- Website: https://www.comfortsystemsusa.com
Number of Employees
Location
- Comfort Systems USA, Inc.
- 675 Bering Drive
- Suite 400
- Houston
- Texas
- 77057
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/16 22:13 |
| End of Day Share Price | 2021/10/15 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.