Comfort Systems USA
Market Cap
US$1.8b
Last Updated
2020/02/24 00:13 UTC
Data Sources
Company Financials +
Executive Summary
Comfort Systems USA, Inc. provides mechanical installation, renovation, maintenance, repair, and replacement services for the mechanical services industry in the United States.
Rewards
Risk Analysis
Snowflake Analysis
Good value with adequate 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 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-0.6%
FIX
0.2%
US Construction
-1.1%
US Market
1 Year Return
-10.1%
FIX
13.1%
US Construction
17.8%
US Market
Return vs Industry: FIX underperformed the US Construction industry which returned 13.3% over the past year.
Return vs Market: FIX underperformed the US Market which returned 17.9% over the past year.
Shareholder returns
| FIX | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.6% | 0.2% | -1.1% |
| 30 Day | -1.1% | 1.8% | 1.5% |
| 90 Day | -4.2% | 4.8% | 6.6% |
| 1 Year | -9.4%-10.1% | 14.0%13.1% | 20.2%17.8% |
| 3 Year | 29.3%26.4% | 9.3%6.9% | 47.5%38.1% |
| 5 Year | 172.0%160.7% | 43.0%38.0% | 71.2%52.4% |
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
1 week ago | Simply Wall St
Are Investors Undervaluing Comfort Systems USA, Inc. (NYSE:FIX) By 22%?2 weeks ago | Simply Wall St
Why Comfort Systems USA, Inc.'s (NYSE:FIX) CEO Pay Matters To You3 weeks ago | Simply Wall St
Why Dividend Hunters Love Comfort Systems USA, Inc. (NYSE:FIX)Valuation
Is Comfort Systems USA undervalued compared to its fair value and its price relative to the market?
22.3%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FIX ($48.85) is trading below our estimate of fair value ($62.94)
Significantly Below Fair Value: FIX is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: FIX is good value based on its PE Ratio (17.1x) compared to the Construction industry average (17.6x).
PE vs Market: FIX is good value based on its PE Ratio (17.1x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: FIX is poor value based on its PEG Ratio (1.7x)
Price to Book Ratio
PB vs Industry: FIX is overvalued based on its PB Ratio (3.2x) 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 3 analysts?
10.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FIX's forecast earnings growth (10.3% per year) is above the savings rate (1.7%).
Earnings vs Market: FIX's earnings (10.3% per year) are forecast to grow slower than the US market (14.1% per year).
High Growth Earnings: FIX's earnings are forecast to grow, but not significantly.
Revenue vs Market: FIX's revenue (5.6% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: FIX's revenue (5.6% 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 (16.9%).
Next Steps
Past Performance
How has Comfort Systems USA performed over the past 5 years?
26.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FIX has high quality earnings.
Growing Profit Margin: FIX's current net profit margins (4.2%) are lower than last year (4.6%).
Past Earnings Growth Analysis
Earnings Trend: FIX's earnings have grown significantly by 26.8% per year over the past 5 years.
Accelerating Growth: FIX's earnings growth over the past year (10.6%) is below its 5-year average (26.8% per year).
Earnings vs Industry: FIX earnings growth over the past year (10.6%) exceeded the Construction industry 2.4%.
Return on Equity
High ROE: FIX's Return on Equity (18.9%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Comfort Systems USA's financial position?
Financial Position Analysis
Short Term Liabilities: FIX's short term assets ($750.4M) exceed its short term liabilities ($577.7M).
Long Term Liabilities: FIX's short term assets ($750.4M) exceed its long term liabilities ($332.1M).
Debt to Equity History and Analysis
Debt Level: FIX's debt to equity ratio (43.4%) is considered high.
Reducing Debt: FIX's debt to equity ratio has increased from 13.2% to 43.4% over the past 5 years.
Debt Coverage: FIX's debt is well covered by operating cash flow (73.9%).
Interest Coverage: FIX's interest payments on its debt are well covered by EBIT (19.7x coverage).
Balance Sheet
Inventory Level: FIX has a low level of unsold assets or inventory.
Debt Coverage by Assets: FIX's debt is covered by short term assets (assets are 3.1x debt).
Next Steps
Dividend
What is Comfort Systems USA's current dividend yield, its reliability and sustainability?
0.82%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: FIX's dividend (0.82%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: FIX's dividend (0.82%) is low compared to the top 25% of dividend payers in the US market (3.73%).
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?
11.5yrs
Average management tenure
CEO
Brian Lane (62yo)
8.2yrs
Tenure
US$3,337,554
Compensation
Mr. Brian E. Lane has been the Chief Executive Officer of Comfort Systems USA Inc. since December 2011 and has been its President since March 30, 2010. Mr. Lane served as the Chief Operating Officer and Ex ...
CEO Compensation Analysis
Compensation vs Market: Brian's total compensation ($USD3.34M) is about average for companies of similar size in the US market ($USD3.81M).
Compensation vs Earnings: Brian's compensation has increased by more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 8.2yrs | US$3.34m | 0.53% $9.4m | |
| Executive VP & CFO | 14.8yrs | US$1.78m | 0.11% $2.0m | |
| Senior VP & Chief Accounting Officer | 14.8yrs | US$790.96k | 0.068% $1.2m | |
| Senior VP & VP - Region 4 | 6.5yrs | US$1.14m | 0.095% $1.7m | |
| VP & Chief Information Officer | 0yrs | no data | no data | |
| VP, General Counsel & Corporate Secretary | 1.1yrs | no data | 0.0086% $153.2k | |
| Senior Vice President - Region 4 | 16.9yrs | no data | no data | |
| Senior Vice President of Region 5 | 16.1yrs | US$1.27m | no data | |
| Senior Vice President of Region 2 | 0yrs | no data | no data | |
| Senior Vice President of Service | 1.1yrs | no data | 0.00082% $14.7k |
11.5yrs
Average Tenure
54yo
Average Age
Experienced Management: FIX's management team is seasoned and experienced (11.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 8.2yrs | US$3.34m | 0.53% $9.4m | |
| Independent Director | 17.3yrs | US$219.96k | 0.23% $4.1m | |
| Independent Chairman | 5.8yrs | US$276.06k | 0.72% $12.8m | |
| Independent Director | 19yrs | US$219.96k | 0.17% $3.1m | |
| Independent Director | 11.9yrs | US$219.96k | 0.13% $2.4m | |
| Independent Director | 11.9yrs | US$239.96k | 0.099% $1.8m | |
| Independent Director | 7.2yrs | US$239.96k | 0.057% $1.0m | |
| Independent Director | 1.8yrs | US$204.14k | 0.046% $816.5k | |
| Independent Director | 1.3yrs | US$9.95k | 0.014% $257.1k | |
| Independent Director | 7.2yrs | US$249.96k | 0.093% $1.7m |
8.2yrs
Average Tenure
62.5yo
Average Age
Experienced Board: FIX's board of directors are considered experienced (8.2 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: FIX 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 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$1.788b
- Shares outstanding: 36.60m
- Website: https://www.comfortsystemsusa.com
Number of Employees
Location
- Comfort Systems USA, Inc.
- 675 Bering Drive
- Suite 400
- Houston
- Texas
- 77057
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| FIX | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Jun 1997 |
| 9CF | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jun 1997 |
Biography
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.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/24 00:13 |
| End of Day Share Price | 2020/02/21 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.