FIX Stock Fair Value Calculation – Comfort Systems USA Acquires Texas-Based Summit Industrial Construction
January 4, 2024
☀️Trending News
Comfort ($NYSE:FIX) Systems USA, a leading provider of commercial, industrial and institutional heating, ventilation and air conditioning (HVAC) installation, maintenance and service, has announced the acquisition of Texas-based Summit Industrial Construction. The acquisition will expand Comfort Systems USA’s services to include industrial construction operations in the Lone Star State. Comfort Systems USA is a publicly traded company on the New York Stock Exchange (NYSE: FIX) that specializes in HVAC services.
Its business includes design/build mechanical contracting, replacement and retrofit projects, preventative maintenance, service and repairs, and energy conservation services. It will also provide Comfort Systems USA with increased capabilities to serve customers in the industrial, chemical, energy and other related markets.
Price History
On Tuesday, Comfort Systems USA announced the acquisition of Texas-based Summit Industrial Construction, marking an expansion for the company. Following the announcement, Comfort Systems USA’s stock opened at $204.4 and closed at $202.1, which was a 1.7% decrease from its closing price of 205.7 the previous day. The deal is intended to enable Comfort Systems USA to better serve its customers in the industrial sector while extending and diversifying its national and international capabilities through Summit’s presence in Texas. With this addition, Comfort Systems USA will be able to capitalize on Summit’s expertise in industrial construction and maintenance services. The acquisition is expected to generate substantial financial benefits for Comfort Systems USA and its shareholders. It provides Comfort Systems USA with a greater customer base, more products and services, and a larger geographical footprint in the industrial sector.
Additionally, it is expected to create cost-saving synergies with its existing operations that will increase the company’s profitability. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for FIX. More…
| Total Revenues | Net Income | Net Margin |
| 4.97k | 287.24 | 6.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for FIX. More…
| Operations | Investing | Financing |
| 598.57 | -133.54 | -398.54 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for FIX. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.14k | 1.93k | 33.8 |
Key Ratios Snapshot
Some of the financial key ratios for FIX are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 20.0% | 26.2% | 7.2% |
| FCF Margin | ROE | ROA |
| 10.4% | 19.4% | 7.2% |
Analysis – FIX Stock Fair Value Calculation
GoodWhale has recently analyzed COMFORT SYSTEMS USA’s financials to help investors better understand the company’s performance. Through our proprietary Valuation Line, we have determined that the intrinsic value of COMFORT SYSTEMS USA’s share is around $144.4. However, the current market price for the stock is $202.1, which is significantly higher than its intrinsic value and suggests that it is overvalued by 40.0%. More…
Peers
The competition in the comfort systems industry is heating up as companies vie for market share. Each of these companies has its own strengths and weaknesses, and it will be interesting to see how the competition plays out in the coming years.
– Solis Holdings Ltd ($SEHK:02227)
Solis Holdings Ltd is a publicly traded company with a market capitalization of 155.65 million as of 2022. The company has a return on equity of -1.19%. Solis Holdings Ltd is a leading provider of solar photovoltaic products and services. The company designs, manufactures, and sells solar panels and solar power systems for residential, commercial, and industrial applications. Solis Holdings Ltd also provides financing solutions for solar projects.
– Kinden Corp ($TSE:1944)
Kinden Corp is a publicly traded company with a market capitalization of $297.58 billion as of 2022. The company has a return on equity of 4.57%. Kinden Corp is engaged in the business of providing engineering, construction, and project management services. The company has operations in North America, Europe, Asia, and the Middle East.
– United Integrated Services Co Ltd ($TWSE:2404)
As of 2022, United Integrated Services Co Ltd has a market cap of 30.39B and a Return on Equity of 35.23%. The company is engaged in the provision of integrated services, including construction, engineering, procurement, and project management.
Summary
Comfort Systems USA is an industrial construction and building services company headquartered in Texas, that has recently announced their intent to purchase the Texas-based Summit Industrial Construction. This move is expected to significantly expand the company’s presence in the industrial and energy markets throughout the Gulf Coast region. Investors’ reactions to this acquisition are positive, citing the potential for increased revenue from additional projects, as well as the potential for cost savings due to increased efficiency.
Furthermore, experts believe that Comfort Systems USA’s strong reputation will be beneficial to the Summit Industrial Construction’s existing customer base. Analysts see this acquisition as a great opportunity for Comfort Systems USA to expand market share and increase earnings going forward.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
