Comfort Systems USA
- Home ›
- US ›
- Capital Goods
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 Year Returns
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.
Value
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Comfort Systems USA.
| 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.
| 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.
| 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 | ||
| 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 |
| 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 |
| 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
Current Discount Checks
- 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?
| 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.
| 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?
| 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 .
| 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?
| 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 |
| 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.
Value checks
We assess Comfort Systems USA's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Construction industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Construction industry average (and greater than 0)? (1 check) 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
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!
Earnings growth vs Low Risk Savings
- 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
| 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
| 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 |
| 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 |
| 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.
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.
| 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 |
| 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.
Future performance checks
We assess Comfort Systems USA's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
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
Past Earnings growth analysis
- 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
All data from Comfort Systems USA Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| 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).
Past performance checks
We assess Comfort Systems USA's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Construction industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
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.
- 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
Assets
Liabilities and shares
- 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.
All data from Comfort Systems USA Company Filings, last reported 2 months ago.
| 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).
Financial health checks
We assess Comfort Systems USA's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Comfort Systems USA has a total score of 5/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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
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
- 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.
| 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.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2020-12-31 | 0.36 | 1.00 |
| 2019-12-31 | 0.36 | 1.00 |
| 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.
Income/ dividend checks
We assess Comfort Systems USA's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- 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) 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
CEO
| 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:
- 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
CEO, President & Director
$2M
61
7.3 yrs
William George
Executive VP & CFO
$1M
53
13.8 yrs
Julie Shaeff
Senior VP & Chief Accounting Officer
$704K
52
13.8 yrs
Trent McKenna
Non-executive of Regional Operations
$995K
45
0.2 yrs
Laura Howell
VP, General Counsel & Corporate Secretary
30
0.2 yrs
Chuck Diltz
Senior Vice President of National Accounts
16 yrs
Thomas Tanner
Executive Vice President
$1M
69
15.2 yrs
Dean Tillison
Senior Vice President of Region 2
Terry Young
Senior Vice President of Service
55
0.2 yrs
Joe Nichter
President of Comfort Systems USA Southwest
Board of Directors Tenure
Average tenure and age of the Comfort Systems USA board of directors in years:
- The tenure for the Comfort Systems USA board of directors is about average.
Board of Directors
Franklin Myers
Chairman
$250K
65
4.8 yrs
Brian Lane
CEO, President & Director
$2M
61
8.3 yrs
Alan Krusi
Independent Director
$220K
63
11 yrs
Connie Skidmore
Director
$230K
67
6.3 yrs
Vance Tang
Director
$212K
51
6.3 yrs
Herman Bulls
Director
$200K
62
18.1 yrs
Jim Schultz
Director
$208K
69
16.3 yrs
Darcy Anderson
Independent Director
$200K
61
11 yrs
Bill Sandbrook
Director
60
0.9 yrs
Pablo Mercado
Director
41
0.3 yrs
Who owns this company?
Recent Insider Trading
- Comfort Systems USA insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | 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 | ||
Management checks
We assess Comfort Systems USA's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) 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 - – Full articleDoes 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 - – Full articleShould 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 - – Full articleDo 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 - – Full articleWhat 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 - – Full articleShould 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 - – Full articleHave 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 - – Full articleHere'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 - – Full articleDoes 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 - – Full articleComfort 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 - – Full articleCompany 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
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.
