Professional
Added to YB: 2023-12-18
Pitch date: 2023-12-18
WSO [bearish]
Watsco, Inc.
+16.48%
current return
Author Info
No bio for this author
Company Info
Watsco, Inc., together with its subsidiaries, engages in the distribution of air conditioning, heating, and refrigeration equipment, and related parts and supplies in the United States, Canada, Latin America, and the Caribbean.
Market Cap
$12.8B
Pitch Price
$409.34
Price Target
264.00 (-26%)
Dividend
3.57%
EV/EBITDA
14.00
P/E
26.09
EV/Sales
1.79
Sector
Trading Companies and Distributors
Category
turnaround
[SHORT REPORT] Watsco, Inc.: Pricing Actions Have Revitalized New-Home Sales, but Multifamily Construction to Further Soften.
$WSO: HVAC giant w/ 70 buys faces housing slowdown; Sunbelt focus, 60% Carrier deal key; 20% rev growth, 11.5% margin in '22; 6% housing start drop in '24 hurts; bulls see M&A, tech driving, bears see demand normalizing; narrow moat from rights & scale; FV to $264 on execution & allocation, high uncertainty remains
Read full article (10 min)