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Watts Water Technologies, Inc. supplies products and solutions that manage and conserve the flow of fluids and energy into, through, and out of buildings in the commercial, industrial, and residential markets in the Americas, Europe, the Asia-Pacific, the Middle East, and Africa. The company offers residential and commercial flow control and protection products, including backflow preventers, water pressure regulators, temperature and pressure relief valves, thermostatic mixing valves, and leak detection and protection products for plumbing and hot water applications. It also provides heating, ventilation, and air conditioning and gas products comprising commercial boilers, and water heaters and heating solutions; hydronic and electric heating systems for under-floor radiant applications; custom heat and hot water solutions; hydronic pump groups for boiler manufacturers and alternative energy control packages; and flexible stainless steel connectors for natural and liquid propane gas in commercial food service and residential applications. In addition, the company offers drainage and water re-use products, such as drainage products and engineered rain water harvesting solutions for commercial, industrial, marine, and residential applications; and water quality products that include point-of-use and point-of-entry water filtration, conditioning, and scale prevention systems for commercial, marine, and residential applications. The company sells its products to plumbing, heating, and mechanical wholesale distributors and dealers, as well as original equipment manufacturers, specialty product distributors, and do-it-yourself and retail chains; and wholesalers and private label accounts. Watts Water Technologies, Inc. was founded in 1874 and is headquartered in North Andover, Massachusetts.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Watts Water Technologies manufactures flow control, water-quality, heating and safety products for residential, commercial and industrial customers. Long-term growth may be supported by aging infrastructure, renovation cycles, rising demand for water conservation and smart management, and aftermarket expansion and acquisitions. Investors may find the company attractive for its diversified product mix, global distribution footprint and cash generation.
Material risks include sensitivity to construction cycles, exposure to commodity cost inflation and FX movements, execution and integration risk from acquisitions, and potential regulatory or litigation actions related to water safety.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | 307.60M | 234.10M | 167.00M | 183.90M | 174.60M |
| Net income | 251.50M | 165.70M | 114.30M | 131.50M | 124.80M |
| Selling general administrative | 550.50M | 508.20M | 432.00M | 476.10M | 464.70M |
| Gross profit | 874.30M | 767.10M | 625.40M | 677.50M | 656.50M |
| Reconciled depreciation | 39.70M | 45.10M | 46.50M | 46.60M | 48.50M |
| Ebit | 315.00M | 239.60M | 181.10M | 197.10M | 194.30M |
| Ebitda | 363.10M | 304.80M | 238.70M | 248.90M | 242.80M |
| Depreciation and amortization | 48.10M | 65.20M | 57.60M | 51.80M | 48.50M |
| Non operating income net other | -0.40M | 0.80M | -0.80M | 0.90M | 2.50M |
| Operating income | 315.00M | 239.60M | 181.10M | 197.10M | 188.40M |
| Other operating expenses | 1655.70M | 1550.30M | 1315.60M | 1399.10M | 1373.10M |
| Interest expense | 7.00M | 6.30M | 13.30M | 14.10M | 16.30M |
| Tax provision | 56.10M | 68.40M | 52.70M | 52.40M | 46.60M |
| Interest income | 6.40M | 6.30M | 13.10M | 0.40M | 0.80M |
| Net interest income | -6.40M | -6.30M | -13.10M | -13.70M | -15.50M |
| Extraordinary items | - | - | 0.00M | 0.00M | 5.70M |
| Non recurring | 10.60M | 19.30M | 9.90M | 4.30M | 3.40M |
| Income tax expense | 56.10M | 68.40M | 52.70M | 52.40M | 49.80M |
| Total revenue | 1979.50M | 1809.20M | 1508.60M | 1600.50M | 1564.90M |
| Total operating expenses | 550.50M | 508.20M | 432.40M | 476.10M | 464.70M |
| Cost of revenue | 1105.20M | 1042.10M | 883.20M | 923.00M | 908.40M |
| Total other income expense net | -7.40M | -5.50M | -14.10M | -13.20M | -1.70M |
| Net income from continuing ops | 251.50M | 165.70M | 114.30M | 131.50M | 128.00M |
| Net income applicable to common shares | 251.50M | 165.70M | 114.30M | 131.50M | 128.00M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Total assets | 1930.90M | 1855.60M | 1738.20M | 1723.10M | 1653.70M |
| Intangible assets | 113.70M | 128.60M | 141.80M | 151.40M | 165.20M |
| Other current assets | 30.40M | 27.90M | 29.40M | 25.30M | 24.90M |
| Total liab | 630.30M | 682.40M | 668.40M | 745.10M | 765.60M |
| Total stockholder equity | 1300.60M | 1173.20M | 1069.80M | 978.00M | 888.10M |
| Deferred long term liab | 26.20M | 40.50M | 51.10M | 38.60M | 38.50M |
| Other current liab | 244.40M | 265.10M | 202.70M | 58.70M | 54.60M |
| Common stock | 3.30M | 3.40M | 3.40M | 3.40M | 3.40M |
| Capital stock | 3.30M | 3.40M | 3.40M | 3.40M | 3.40M |
| Retained earnings | 795.30M | 665.90M | 560.10M | 513.90M | 437.50M |
| Other liab | 64.50M | 132.00M | 157.40M | 87.50M | 90.30M |
| Good will | 592.40M | 600.70M | 602.40M | 581.10M | 544.80M |
| Other assets | 77.40M | 64.10M | 72.20M | 15.40M | 14.00M |
| Cash | 310.80M | 242.00M | 218.90M | 219.70M | 204.10M |
| Cash and equivalents | 310.80M | 242.00M | 218.90M | 219.70M | 204.10M |
| Total current liabilities | 378.70M | 408.50M | 312.80M | 419.30M | 348.70M |
| Current deferred revenue | - | - | 4.00M | 132.30M | 136.90M |
| Net debt | -163.20M | -100.10M | -20.70M | 89.50M | 149.30M |
| Short term debt | 0.00M | 0.00M | 0.00M | 105.00M | 30.00M |
| Short long term debt | - | - | - | 105.00M | 30.00M |
| Short long term debt total | 147.60M | 141.90M | 198.20M | 309.20M | 353.40M |
| Other stockholder equity | 651.90M | 631.20M | 606.30M | 591.50M | 568.30M |
| Property plant equipment | 196.80M | 200.70M | 212.30M | 200.00M | 201.90M |
| Total current assets | 950.60M | 861.50M | 709.50M | 734.90M | 721.30M |
| Long term investments | - | - | - | 1.20M | 6.50M |
| Net tangible assets | 594.50M | 443.90M | 325.60M | 245.50M | 181.30M |
| Net receivables | 233.80M | 220.90M | 197.60M | 219.80M | 205.50M |
| Long term debt | 147.60M | 141.90M | 198.20M | 204.20M | 323.40M |
| Inventory | 375.60M | 370.70M | 263.60M | 270.10M | 286.80M |
| Accounts payable | 134.30M | 143.40M | 110.10M | 123.30M | 127.20M |
| Accumulated other comprehensive income | -149.90M | -127.30M | -100.00M | -130.80M | -121.10M |
| Common stock total equity | 3.30M | 3.40M | 2.00M | 3.40M | 3.40M |
| Retained earnings total equity | 795.30M | 665.90M | 560.10M | 513.90M | 440.70M |
| Non currrent assets other | 59.60M | 60.60M | 67.80M | 53.00M | 18.90M |
| Deferred long term asset charges | - | - | - | - | 1.60M |
| Non current assets total | 980.30M | 994.10M | 1028.70M | 988.20M | 932.40M |
| Long term debt total | 147.60M | 141.90M | 198.20M | 204.20M | 323.40M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Investments | -22.90M | -30.70M | -54.80M | -71.80M | -35.90M |
| Change to liabilities | -21.30M | 98.60M | -7.30M | -4.40M | 22.10M |
| Total cashflows from investing activities | -22.90M | -30.70M | -54.80M | -71.80M | -35.90M |
| Net borrowings | 5.00M | -56.40M | -112.20M | -45.00M | -151.10M |
| Total cash from financing activities | -121.70M | -118.60M | -181.90M | -105.60M | -202.90M |
| Change to operating activities | 1.90M | -0.80M | 0.70M | -1.60M | 0.60M |
| Net income | 251.50M | 165.70M | 114.30M | 131.50M | 124.80M |
| Change in cash | 68.80M | 23.10M | -0.80M | 15.60M | -76.10M |
| Begin period cash flow | 242.00M | 218.90M | 219.70M | 204.10M | 280.20M |
| End period cash flow | 310.80M | 242.00M | 218.90M | 219.70M | 204.10M |
| Total cash from operating activities | 224.00M | 180.80M | 228.80M | 194.00M | 169.40M |
| Depreciation | 39.70M | 45.10M | 46.50M | 46.60M | 48.50M |
| Other cashflows from investing activities | 5.20M | -4.00M | -11.00M | -42.60M | 0.70M |
| Dividends paid | -39.50M | -34.30M | -31.40M | -31.40M | 28.30M |
| Change to inventory | -16.40M | -113.70M | 18.70M | 17.00M | -34.50M |
| Change to account receivables | -20.00M | -30.20M | 32.20M | -15.00M | 6.00M |
| Sale purchase of stock | -69.40M | -16.00M | -28.90M | -19.50M | -26.00M |
| Other cashflows from financing activities | 71.50M | -12.00M | -10.00M | -11.80M | 50.60M |
| Change to netincome | -11.20M | 16.10M | 19.70M | 19.10M | -1.50M |
| Capital expenditures | 28.10M | 26.70M | 43.80M | 29.20M | 36.60M |
| Change receivables | -20.00M | -30.20M | 32.20M | -15.00M | 6.00M |
| Cash flows other operating | 1.70M | 0.60M | 4.70M | -0.80M | 0.80M |
| Exchange rate changes | - | - | - | - | -6.70M |
| Cash and cash equivalents changes | 79.40M | 31.50M | -7.90M | 16.60M | -76.10M |
| Change in working capital | -55.80M | -46.10M | 44.30M | -4.00M | -2.60M |
| Stock based compensation | 18.40M | 22.90M | 12.70M | 17.80M | 13.80M |
| Other non cash items | -0.20M | 1.40M | 4.00M | 0.80M | 0.20M |
| Free cash flow | 195.90M | 154.10M | 185.00M | 164.80M | 132.80M |
Sector: Industrials Industry: Specialty Industrial Machinery
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| WTS Watts Water Technologies Inc |
-1.32 0.38% |
346.14 | 25.64 | 24.33 | 3.41 | 4.73 | 3.28 | 17.22 |
| GEV GE Vernova LLC |
3.60 0.47% |
774.11 | 56.16 | 67.57 | 7.02 | 23.82 | 6.79 | 115.11 |
| SMAWF Siemens AG Class N |
-7.50 2.47% |
296.00 | 25.72 | 20.16 | 2.87 | 2.96 | 2.85 | 13.79 |
| SBGSF Schneider Electric SE |
-1.36 0.53% |
254.00 | 32.06 | 22.47 | 4.40 | 6.27 | 4.00 | 19.13 |
| ETN Eaton Corporation PLC |
14.70 4.50% |
341.72 | 39.21 | 30.77 | 5.80 | 8.18 | 6.15 | 27.30 |
Watts Water Technologies, Inc. supplies products and solutions that manage and conserve the flow of fluids and energy into, through, and out of buildings in the commercial, industrial, and residential markets in the Americas, Europe, the Asia-Pacific, the Middle East, and Africa. The company offers residential and commercial flow control and protection products, including backflow preventers, water pressure regulators, temperature and pressure relief valves, thermostatic mixing valves, and leak detection and protection products for plumbing and hot water applications. It also provides heating, ventilation, and air conditioning and gas products comprising commercial boilers, and water heaters and heating solutions; hydronic and electric heating systems for under-floor radiant applications; custom heat and hot water solutions; hydronic pump groups for boiler manufacturers and alternative energy control packages; and flexible stainless steel connectors for natural and liquid propane gas in commercial food service and residential applications. In addition, the company offers drainage and water re-use products, such as drainage products and engineered rain water harvesting solutions for commercial, industrial, marine, and residential applications; and water quality products that include point-of-use and point-of-entry water filtration, conditioning, and scale prevention systems for commercial, marine, and residential applications. The company sells its products to plumbing, heating, and mechanical wholesale distributors and dealers, as well as original equipment manufacturers, specialty product distributors, and do-it-yourself and retail chains; and wholesalers and private label accounts. Watts Water Technologies, Inc. was founded in 1874 and is headquartered in North Andover, Massachusetts.
815 Chestnut Street, North Andover, MA, United States, 01845-6098
978 688 1811
4600
| Name | Title | Year Born |
|---|---|---|
| Mr. Robert J. Pagano Jr., C.M.A., CPA | Chairman & Pres, CEO | 1963 |
| Mr. Shashank Patel | Chief Financial Officer | 1961 |
| Mr. Kenneth R. Lepage | Gen. Counsel, Chief Sustainability Officer & Sec. | 1971 |
| Mr. Elie A. Melhem | Pres of Asia-Pacific, The Middle East & Africa | 1963 |
| Mr. Munish Nanda | Advisor | 1965 |
| Mr. Andre Dhawan | Chief Operating Officer | 1963 |
| Ms. Virginia A. Halloran | Chief Accounting Officer | 1980 |
| Ms. Diane M. McClintock CPA | Sr. VP of FP&A and Investor Relations | 1968 |
| Mr. Ram Ramakrishnan | Exec. VP of Strategy & Bus. Devel. | NA |
| Ms. Monica Barry | Chief HR Officer | 1971 |
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