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FIX

Comfort Systems USANYSE:FIX Stock Report

Market Cap

US$2.5b

7D

3.9%

1Y

44.1%

Updated

23 Sep, 2021

Data

Company Financials +
FIX fundamental analysis
Snowflake Score
Valuation2/6
Future Growth1/6
Past Performance4/6
Financial Health5/6
Dividends0/6

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.

Comfort Systems USA Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Comfort Systems USA
Historical stock prices
Current Share PriceUS$72.49
52 Week HighUS$43.62
52 Week LowUS$88.53
Beta1.09
1 Month Change-4.23%
3 Month Change-8.65%
1 Year Change44.06%
3 Year Change31.09%
5 Year Change150.31%
Change since IPO353.06%

Recent News & Updates

Shareholder Returns

FIXUS ConstructionUS Market
7D3.9%-0.03%-0.5%
1Y44.1%83.7%37.5%

Return vs Industry: FIX underperformed the US Construction industry which returned 79.4% over the past year.

Return vs Market: FIX exceeded the US Market which returned 36.2% over the past year.

Price Volatility

Is FIX's price volatile compared to industry and market?
FIX volatility
FIX Beta1.09
Industry Beta1.31
Market Beta1

Stable Share Price: FIX is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: FIX's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
191711,100Brian Lanehttps://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

How do Comfort Systems USA's earnings and revenue compare to its market cap?
FIX fundamental statistics
Market CapUS$2.54b
Earnings (TTM)US$152.38m
Revenue (TTM)US$2.80b

17.2x

P/E Ratio

0.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FIX income statement (TTM)
RevenueUS$2.80b
Cost of RevenueUS$2.26b
Gross ProfitUS$534.12m
ExpensesUS$381.74m
EarningsUS$152.38m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)4.19
Gross Margin19.10%
Net Profit Margin5.45%
Debt/Equity Ratio21.3%

How did FIX perform over the long term?

See historical performance and comparison

Dividends

0.7%

Current Dividend Yield

11%

Payout Ratio

Valuation

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

17.21x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: FIX ($72.49) is trading above our estimate of fair value ($69.82)

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 (17.2x) compared to the US Construction industry average (25.9x).

PE vs Market: FIX is good value based on its PE Ratio (17.2x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

PEG Ratio: FIX is poor value based on its PEG Ratio (6.6x)


Price to Book Ratio

PB vs Industry: FIX is overvalued based on its PB Ratio (3.5x) compared to the US Construction industry average (2.2x).


Future Growth

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

2.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FIX's forecast earnings growth (2.6% per year) is above the savings rate (2%).

Earnings vs Market: FIX's earnings (2.6% per year) are forecast to grow slower than the US market (14.9% per year).

High Growth Earnings: FIX's earnings are forecast to grow, but not significantly.

Revenue vs Market: FIX's revenue (8.7% per year) is forecast to grow slower than the US market (9.8% per year).

High Growth Revenue: FIX's revenue (8.7% 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 (21.3%) is considered satisfactory.

Reducing Debt: FIX's debt to equity ratio has increased from 11% to 21.3% 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?

0.66%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: FIX's dividend (0.66%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.35%).

High Dividend: FIX's dividend (0.66%) is low compared to the top 25% of dividend payers in the US market (3.63%).


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?

13.0yrs

Average management tenure


CEO

Brian Lane (64 yo)

9.75yrs

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 ($USD4.06M) is about average for companies of similar size in the US market ($USD5.28M).

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 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$2.538b
  • 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/23 22:54
End of Day Share Price2021/09/23 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.