NYSE:FIX

Stock Analysis Report

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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


Snowflake Analysis

Excellent balance sheet with proven track record.


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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-20.3%

FIX

-2.8%

US Construction

-1.1%

US Market


1 Year Return

-12.3%

FIX

1.9%

US Construction

15.0%

US Market

Return vs Industry: FIX underperformed the US Construction industry which returned 4.2% over the past year.

Return vs Market: FIX underperformed the US Market which returned 15.6% over the past year.


Shareholder returns

FIXIndustryMarket
7 Day-20.3%-2.8%-1.1%
30 Day-14.2%8.2%2.9%
90 Day-11.0%17.3%5.7%
1 Year-11.4%-12.3%2.5%1.9%17.6%15.0%
3 Year8.0%5.4%5.1%2.9%38.9%29.7%
5 Year44.7%38.7%46.9%41.5%78.4%58.4%

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

Valuation

Is Comfort Systems USA undervalued compared to its fair value and its price relative to the market?

11.46x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: FIX ($47.18) is trading above our estimate of fair value ($45.29)

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 (13.6x) compared to the US Construction industry average (19.8x).

PE vs Market: FIX is good value based on its PE Ratio (13.6x) compared to the US market (18.9x).


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 (2.7x) compared to the US Construction industry average (1.9x).


Next Steps

Future Growth

How is Comfort Systems USA forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

-12.7%

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 (-9.4% per year).

Earnings vs Market: FIX's earnings are forecast to decline over the next 3 years (-9.4% per year).

High Growth Earnings: FIX's earnings are forecast to decline over the next 3 years.

Revenue vs Market: FIX's revenue is expected to decline over the next 3 years (-1.3% per year).

High Growth Revenue: FIX's revenue is forecast to decline over the next 3 years (-1.3% 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


Next Steps

Past Performance

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

21.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FIX has high quality earnings.

Growing Profit Margin: FIX's current net profit margins (4.4%) are lower than last year (4.5%).


Past Earnings Growth Analysis

Earnings Trend: FIX's earnings have grown significantly by 21.1% per year over the past 5 years.

Accelerating Growth: FIX's earnings growth over the past year (18.4%) is below its 5-year average (21.1% per year).

Earnings vs Industry: FIX earnings growth over the past year (18.4%) exceeded the Construction industry 14.1%.


Return on Equity

High ROE: FIX's Return on Equity (20.3%) is considered high.


Next Steps

Financial Health

How is Comfort Systems USA's financial position?


Financial Position Analysis

Short Term Liabilities: FIX's short term assets ($792.5M) exceed its short term liabilities ($681.5M).

Long Term Liabilities: FIX's short term assets ($792.5M) exceed its long term liabilities ($365.5M).


Debt to Equity History and Analysis

Debt Level: FIX's debt to equity ratio (36.8%) is considered satisfactory.

Reducing Debt: FIX's debt to equity ratio has increased from 5.5% to 36.8% over the past 5 years.

Debt Coverage: FIX's debt is well covered by operating cash flow (120.6%).

Interest Coverage: FIX's interest payments on its debt are well covered by EBIT (17.9x coverage).


Balance Sheet


Next Steps

Dividend

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

0.95%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: FIX's dividend (0.89%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.65%).

High Dividend: FIX's dividend (0.89%) is low compared to the top 25% of dividend payers in the US market (4.63%).


Stability and Growth of Payments

Stable Dividend: FIX's dividends per share have been stable in the past 10 years.

Growing Dividend: FIX's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (11.8%), FIX's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

12.1yrs

Average management tenure


CEO

Brian Lane (63 yo)

8.83yrs

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 ($USD3.42M) is about average for companies of similar size in the US market ($USD4.48M).

Compensation vs Earnings: Brian's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Brian Lane
CEO, President & Director8.83yrsUS$3.42m0.58%
$ 9.2m
William George
Executive VP15.42yrsUS$1.69m0.082%
$ 1.3m
Julie Shaeff
Senior VP & Chief Accounting Officer15.42yrsUS$747.18k0.068%
$ 1.1m
Laura Howell
VP, General Counsel & Corporate Secretary1.75yrsUS$482.44k0.013%
$ 212.5k
Terrence Young
Senior Vice President of Service1.75yrsUS$630.16k0.00082%
$ 13.2k
Jeremy Jones
VP & Chief Information Officerno datano datano data
Charles Diltz
Senior Vice President - Region 417.58yrsno datano data
Thomas Tanner
Senior Vice President of Region 516.75yrsUS$1.27mno data
Trent McKenna
Senior VP & VP - Region 47.17yrsUS$1.14m0.095%
$ 1.5m
R. Tillison
Senior Vice President of Region 2no datano datano data
Joseph Nichter
President of Comfort Systems USA Southwestno datano datano data
Michael Goldberg
VP & Corporate Controllerno datano datano data

12.1yrs

Average Tenure

55yo

Average Age

Experienced Management: FIX's management team is seasoned and experienced (12.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Brian Lane
CEO, President & Director8.83yrsUS$3.42m0.58%
$ 9.2m
James Schultz
Independent Director17.92yrsUS$219.97k0.24%
$ 3.9m
Franklin Myers
Independent Chairman6.42yrsUS$279.97k0.75%
$ 12.1m
Herman Bulls
Independent Director19.58yrsUS$219.97k0.18%
$ 2.9m
Darcy Anderson
Independent Director12.58yrsUS$219.97k0.15%
$ 2.4m
Alan Krusi
Independent Director12.58yrsUS$239.97k0.10%
$ 1.6m
Vance Tang
Independent Director7.83yrsUS$239.97k0.098%
$ 1.6m
William Sandbrook
Independent Director2.5yrsUS$219.97k0.059%
$ 948.6k
Pablo Mercado
Independent Director1.92yrsUS$219.97k0.029%
$ 470.5k
Constance Skidmore
Independent Director7.83yrsUS$249.97k0.11%
$ 1.7m

8.9yrs

Average Tenure

63.5yo

Average Age

Experienced Board: FIX's board of directors are considered experienced (8.9 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$1.606b
  • Shares outstanding: 36.32m
  • Website: https://www.comfortsystemsusa.com

Number of Employees


Location

  • Comfort Systems USA, Inc.
  • 675 Bering Drive
  • Suite 400
  • Houston
  • Texas
  • 77057
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FIXNYSE (New York Stock Exchange)YesCommon StockUSUSDJun 1997
9CFDB (Deutsche Boerse AG)YesCommon StockDEEURJun 1997

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/29 00:12
End of Day Share Price2020/10/28 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.