Comfort Systems USA
Market Cap
US$2.9b
Last Updated
2021/04/13 22:05 UTC
Data Sources
Company Financials +
Executive Summary
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. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 5.8% per year for the next 3 years
Snowflake Analysis
Outstanding track record with excellent balance sheet.
Similar Companies
Share Price & News
How has Comfort Systems USA's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FIX is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: FIX's weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
3.1%
FIX
-0.5%
US Construction
1.3%
US Market
1 Year Return
114.3%
FIX
120.4%
US Construction
53.9%
US Market
Return vs Industry: FIX underperformed the US Construction industry which returned 127.8% over the past year.
Return vs Market: FIX exceeded the US Market which returned 57.9% over the past year.
Shareholder returns
| FIX | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.1% | -0.5% | 1.3% |
| 30 Day | 6.1% | -0.1% | 2.8% |
| 90 Day | 43.6% | 13.5% | 6.6% |
| 1 Year | 116.3%114.3% | 121.3%120.4% | 56.6%53.9% |
| 3 Year | 94.9%90.2% | 44.2%41.3% | 62.7%52.3% |
| 5 Year | 145.8%135.8% | 95.0%87.8% | 120.5%95.9% |
Long-Term Price Volatility Vs. Market
How volatile is Comfort Systems USA's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Here's Why We Think Comfort Systems USA (NYSE:FIX) Is Well Worth Watching3 weeks ago | Simply Wall St
If You Had Bought Comfort Systems USA (NYSE:FIX) Stock Five Years Ago, You Could Pocket A 124% Gain Today1 month ago | Simply Wall St
Calculating The Fair Value Of Comfort Systems USA, Inc. (NYSE:FIX)Valuation
Is Comfort Systems USA undervalued compared to its fair value and its price relative to the market?
19.28x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: FIX ($79.41) is trading above our estimate of fair value ($65.96)
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 (19.3x) compared to the US Construction industry average (29.6x).
PE vs Market: FIX is good value based on its PE Ratio (19.3x) compared to the US market (22.3x).
Price to Earnings Growth Ratio
PEG Ratio: FIX's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: FIX is overvalued based on its PB Ratio (4.1x) compared to the US Construction industry average (3x).
Future Growth
How is Comfort Systems USA forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
-5.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FIX's earnings are forecast to decline over the next 3 years (-5.8% per year).
Earnings vs Market: FIX's earnings are forecast to decline over the next 3 years (-5.8% per year).
High Growth Earnings: FIX's earnings are forecast to decline over the next 3 years.
Revenue vs Market: FIX's revenue (2.6% per year) is forecast to grow slower than the US market (9.9% per year).
High Growth Revenue: FIX's revenue (2.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FIX's Return on Equity is forecast to be low in 3 years time (14.5%).
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 (5.3%) 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 (31.4%) exceeds its 5-year average (21.7% per year).
Earnings vs Industry: FIX earnings growth over the past year (31.4%) exceeded the Construction industry 7.5%.
Return on Equity
High ROE: FIX's Return on Equity (21.6%) is considered high.
Financial Health
How is Comfort Systems USA's financial position?
Financial Position Analysis
Short Term Liabilities: FIX's short term assets ($811.9M) exceed its short term liabilities ($692.9M).
Long Term Liabilities: FIX's short term assets ($811.9M) exceed its long term liabilities ($368.0M).
Debt to Equity History and Analysis
Debt Level: FIX's debt to equity ratio (33.8%) is considered satisfactory.
Reducing Debt: FIX's debt to equity ratio has increased from 3.3% to 33.8% over the past 5 years.
Debt Coverage: FIX's debt is well covered by operating cash flow (121.5%).
Interest Coverage: FIX's interest payments on its debt are well covered by EBIT (22.8x coverage).
Balance Sheet
Dividend
What is Comfort Systems USA current dividend yield, its reliability and sustainability?
0.58%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FIX's dividend (0.58%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.26%).
High Dividend: FIX's dividend (0.58%) is low compared to the top 25% of dividend payers in the US market (3.5%).
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?
12.6yrs
Average management tenure
CEO
Brian Lane (63 yo)
9.33yrs
Tenure
US$3,422,803
Compensation
Mr. Brian E. Lane has been the Chief Executive Officer of Comfort Systems USA Inc. since December 2011 and has been its President since March 30, 2010. Mr. Lane served as the Chief Operating Officer and Ex...
CEO Compensation Analysis
Compensation vs Market: Brian's total compensation ($USD3.42M) is below average for companies of similar size in the US market ($USD5.10M).
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 (12.6 years average tenure).
Board Members
Experienced Board: FIX's board of directors are considered experienced (9.4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: FIX insiders have sold more shares than they have bought 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 company bio, 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$2.870b
- Shares outstanding: 36.14m
- Website: https://www.comfortsystemsusa.com
Number of Employees
Location
- Comfort Systems USA, Inc.
- 675 Bering Drive
- Suite 400
- Houston
- Texas
- 77057
- United States
Listings
Biography
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...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/13 22:05 |
| End of Day Share Price | 2021/04/13 00:00 |
| Earnings | 2020/12/31 |
| 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.