Waters Corporation, a specialty measurement company, provides analytical workflow solutions in Asia, the Americas, and Europe. More Details
Mediocre balance sheet with questionable track record.
Share Price & News
How has Waters's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: WAT is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: WAT's weekly volatility (4%) has been stable over the past year.
7 Day Return
US Life Sciences
1 Year Return
US Life Sciences
Return vs Industry: WAT underperformed the US Life Sciences industry which returned 66.4% over the past year.
Return vs Market: WAT underperformed the US Market which returned 57.5% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Waters's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StIs It Too Late To Consider Buying Waters Corporation (NYSE:WAT)?
1 month ago | Simply Wall StNeed To Know: Waters Corporation (NYSE:WAT) Insiders Have Been Selling Shares
2 months ago | Simply Wall StAre Waters Corporation (NYSE:WAT) Investors Paying Above The Intrinsic Value?
Is Waters undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: WAT ($299.65) is trading above our estimate of fair value ($215.41)
Significantly Below Fair Value: WAT is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: WAT is good value based on its PE Ratio (35.7x) compared to the US Life Sciences industry average (46.4x).
PE vs Market: WAT is poor value based on its PE Ratio (35.7x) compared to the US market (22.3x).
Price to Earnings Growth Ratio
PEG Ratio: WAT is poor value based on its PEG Ratio (4.8x)
Price to Book Ratio
PB vs Industry: WAT is overvalued based on its PB Ratio (80.4x) compared to the US Life Sciences industry average (8.1x).
How is Waters forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: WAT's forecast earnings growth (7.4% per year) is above the savings rate (2%).
Earnings vs Market: WAT's earnings (7.4% per year) are forecast to grow slower than the US market (18.4% per year).
High Growth Earnings: WAT's earnings are forecast to grow, but not significantly.
Revenue vs Market: WAT's revenue (5.2% per year) is forecast to grow slower than the US market (9.4% per year).
High Growth Revenue: WAT's revenue (5.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: WAT's Return on Equity is forecast to be very high in 3 years time (88.6%).
How has Waters performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: WAT has high quality earnings.
Growing Profit Margin: WAT's current net profit margins (22.1%) are lower than last year (24.6%).
Past Earnings Growth Analysis
Earnings Trend: WAT's earnings have grown by 4.1% per year over the past 5 years.
Accelerating Growth: WAT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: WAT had negative earnings growth (-11.8%) over the past year, making it difficult to compare to the Life Sciences industry average (7.4%).
Return on Equity
High ROE: Whilst WAT's Return on Equity (224.68%) is outstanding, this metric is skewed due to their high level of debt.
How is Waters's financial position?
Financial Position Analysis
Short Term Liabilities: WAT's short term assets ($1.4B) exceed its short term liabilities ($805.0M).
Long Term Liabilities: WAT's short term assets ($1.4B) do not cover its long term liabilities ($1.8B).
Debt to Equity History and Analysis
Debt Level: WAT's debt to equity ratio (603.7%) is considered high.
Reducing Debt: WAT's debt to equity ratio has increased from 81% to 603.7% over the past 5 years.
Debt Coverage: WAT's debt is well covered by operating cash flow (56.4%).
Interest Coverage: WAT's interest payments on its debt are well covered by EBIT (20.7x coverage).
What is Waters's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate WAT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate WAT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if WAT's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if WAT's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of WAT's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Udit Batra (49 yo)
Dr. Udit Batra, PhD, serves as President, Chief Executive Officer and Director at Waters Corporation since September 1, 2020. Dr. Batra served as Chief Executive Officer of Life Science business of Merck a...
CEO Compensation Analysis
Compensation vs Market: Udit's total compensation ($USD6.28M) is below average for companies of similar size in the US market ($USD11.02M).
Compensation vs Earnings: Insufficient data to compare Udit's compensation with company performance.
Experienced Management: WAT's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.
Experienced Board: WAT's board of directors are considered experienced (8.8 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Waters Corporation's company bio, employee growth, exchange listings and data sources
- Name: Waters Corporation
- Ticker: WAT
- Exchange: NYSE
- Founded: 1958
- Industry: Life Sciences Tools and Services
- Sector: Pharmaceuticals & Biotech
- Market Cap: US$18.622b
- Shares outstanding: 62.06m
- Website: https://www.waters.com
Number of Employees
- Waters Corporation
- 34 Maple Street
- United States
Waters Corporation, a specialty measurement company, provides analytical workflow solutions in Asia, the Americas, and Europe. It operates through two segments, Waters and TA. The company designs, manufact...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/04/16 22:11|
|End of Day Share Price||2021/04/16 00:00|
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.