| Company Name: | Watts Water Technologies, Inc. | | Ticker Symbol: | WTS | | | WWW Address: | www.wattsind.com | | CEO: | Patrick S. O'Keefe | | No. of Employees: | 6,300 | | Common Issue Type: | CS | | Business Description: | The Company designs, manufactures and sells a line of water safety and flow control products for the water quality, water conservation, water safety and water flow control markets.
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| | | Industry Information: | INDUSTRIAL - Industrial Equipment & Components [more like this] |
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| Price | Day Change | Bid | Ask | Open | High | Low | Volume | | 31.75 |  0.0 | - | - | 0 | 32.12 | 31.60 | - |
| Market Cap (mil) | Shares Outstanding (mil) | Beta | EPS | DPS | P/E | Yield | 52-Wks-Range |
| 1,165.2 | 36.7 | 1.12 | 1.26 | 0.44 | 0.0 | 1.4 | 32.88 - 15.85 |
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| KEY FIGURES (Latest Twelve Months - LTM) | | Yesterday's Close | 31.83 | $ | | PE Ratio - LTM | 0.0 | |
| Market Capitalisation | 938.7 | mil |
| Latest Shares Outstanding | 36.7 | mil |
| Earnings pS (EPS) | 1.26 | $ |
| Dividend pS (DPS) | 0.44 | ¢ |
| Dividend Yield | 1.4 | % |
| Dividend Payout Ratio | 35 | % |
| Revenue per Employee | 231,651 | $ |
| Effective Tax Rate | 35.5 | % |
| Float | 36.1 | mil |
| Float as % of Shares Outstanding | 98.6 | % |
| Foreign Sales | 593 | mil |
| Domestic Sales | 866 | mil |
| Selling, General & Adm/tive (SG&A) as % of Revenue | 25.90 | % |
| Research & Devlopment (R&D) as % of Revenue | 0.00 | % |
| Gross Profit Margin | 38.1 | % |
| EBITDA Margin | 12.3 | % |
| Pre-Tax Profit Margin | 4.0 | % |
| Assets Turnover | 0.7 | % |
| Return on Assets (ROA) | 0.0 | % |
| Return on Equity (ROE) | 0.0 | % |
| Return on Capital Invested (ROCI) | 0.0 | % |
| Current Ratio | 2.4 | |
| Leverage Ratio (Assets/Equity) | 1.9 | |
| Interest Cover | 3.2 | |
| Total Debt/Equity (Gearing Ratio) | 0.41 | |
| LT Debt/Total Capital | 26.0 | % |
| Working Capital pS | 12.78 | $ |
| Cash pS | 6.36 | $ |
| Book-Value pS | 23.89 | $ |
| Tangible Book-Value pS | 7.80 | $ |
| Cash Flow pS | 1.23 | $ |
| Free Cash Flow pS | 4.41 | $ |
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| KEY FIGURES (LTM): Price info |
| Price/Book Ratio | 1.33 | |
| Price/Tangible Book Ratio | 4.08 | |
| Price/Cash Flow | 25.9 | |
| Price/Free Cash Flow | 7.2 | |
| P/E as % of Industry Group | 0.0 | % |
| P/E as % of Sector Segment | 0.0 | % |
| | | Balance Sheet (at a glance) in Millions |
| | | | | | DIVIDEND INFO | | Dividend Declared Date | 10/27/2009 |
| Dividend Ex-Date | 11/18/2009 |
| Dividend Record Date | 11/22/2009 |
| Dividend Pay Date | 12/03/2009 |
| Dividend Amount | 110 |
| Type of Payment | Cash Payment |
| Dividend Rate | 0.44 |
| Current Dividend Yield | 1.4 |
| 5-Y Average Dividend Yield | 1.2 |
| Payout Ratio | 35.0 |
| 5-Y Average Payout Ratio | 22.0 |
|  | | Share price performance previous 3 years |
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 | | | Share price performance intraday |
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| PRICE/VOLUME | High | Low | Close | % Price Chg | % Price Chg vs. Mkt. | Avg. Daily Vol | Total Vol |
| 1 Week | - | - | - | 2.7 | 101 | 2,217 | 7,804 |
| 4 Weeks | 32.13 | 28.07 | 28.25 | 12.7 | 105 | 2,116 | 38,085 |
| 13 Weeks | 32.88 | 27.92 | 28.89 | 10.2 | 102 | 2,406 | 149,143 |
| 26 Weeks | 32.88 | 19.50 | 20.51 | 55.2 | 128 | 2,227 | 280,600 |
| 52 Weeks | 32.88 | 15.85 | 22.50 | 41.5 | 114 | 2,882 | 720,409 |
| YTD | 32.88 | 15.85 | - | 27.5 | 104 | 2,743 | 625,391 |
| Moving Average | 5-Days | 10-Days | 10-Weeks | 30-Weeks | 200-Days | Beta (60-Mnth) | Beta (36-Mnth) |
| 31.45 | 31.18 | 30.49 | 26.32 | 24.42 | 1.12 | 1.00 |
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| GROWTH RATES | 5-Year
Growh | R² of 5-Year Growth | 3-Year
Growth |
| Revenue | 11.52 | 76.5 | 2.97 |
| Income | 0.00 | 0.0 | 0.00 |
| Dividend | 9.92 | 95.5 | 7.27 |
| Capital Spending | 21.17 | NA | -8.74 |
| R&D | 0.00 | NA | 0.00 |
| Normalized Inc. | 3.63 | NA | -6.45 |
| | | CHANGES | YTD vs.
Last YTD | Curr Qtr vs.
Qtr 1-Yr ago | Annual vs.
Last Annual |
| Revenue % | -18.8 | -19.9 | 5.6 |
| Earnings % | -93.6 | -79.6 | -39.8 |
| EPS % | -94.1 | -80.0 | -36.4 |
| EPS $ | -1.28 | -0.36 | -0.72 |
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| SOLVENCY RATIOS | | SHORT-TERM SOLVENCY RATIOS (LIQUIDITY) |
| Net Working Capital Ratio | 30.40 |
| Current Ratio | 2.7 |
| Quick Ratio (Acid Test) | 1.3 |
| Liquidity Ratio (Cash) | 0.56 |
| Receivables Turnover | 6.4 |
| Average Collection Period | 56 |
| Working Capital/Equity | 59.9 |
| Working Capital pS | 13.79 |
| Cash-Flow pS | 2.51 |
| Free Cash-Flow pS | -2.03 |
| FINANCIAL STRUCTURE RATIOS |
| Altman's Z-Score Ratio | 2.20 |
| Financial Leverage Ratio (Assets/Equity) | 2.0 |
| Debt Ratio | 49.3 |
| Total Debt/Equity (Gearing Ratio) | 0.49 |
| LT Debt/Equity | 0.49 |
| LT Debt/Capital Invested | 41.8 |
| LT Debt/Total Liabilities | 50.1 |
| Interest Cover | 3.8 |
| Interest/Capital Invested | 1.92 |
| | | | VALUATION RATIOS | | MULTIPLES |
| PQ Ratio | 3.37 |
| Tobin's Q Ratio | 0.57 |
| Current P/E Ratio - LTM | 0.00 |
| Enterprise Value (EV)/EBITDA | 9.18 |
| Enterprise Value (EV)/Free Cash Flow | -30.05 |
| Dividend Yield | 1.4 |
| Price/Tangible Book Ratio - LTM | 4.08 |
| Price/Book Ratio - LTM | 1.33 |
| Price/Cash Flow Ratio | 25.9 |
| Price/Free Cash Flow Ratio - LTM | 7.2 |
| Price/Sales Ratio | 0.93 |
| P/E Ratio (1 month ago) - LTM | 0.0 |
| P/E Ratio (26 weeks ago) - LTM | 20.9 |
| P/E Ratio (52 weeks ago) - LTM | 11.8 |
| 5-Y High P/E Ratio | 26.2 |
| 5-Y Low P/E Ratio | 12.8 |
| 5-Y Average P/E Ratio | 18.9 |
| Current P/E Ratio as % of 5-Y Average P/E | 0 |
| P/E as % of Industry Group | 0.0 |
| P/E as % of Sector Segment | 0.0 |
| Current 12 Month Normalized P/E Ratio - LTM | 19.4 |
| PER SHARE FIGURES |
| LT Debt pS | 11.20 |
| Current Liabilities pS | 8.06 |
| Tangible Book Value pS - LTM | 7.80 |
| Book Value pS - LTM | 23.89 |
| Capital Invested pS | 34.14 |
| Cash pS - LTM | 6.36 |
| Cash Flow pS - LTM | 1.23 |
| Free Cash Flow pS - LTM | 4.41 |
| Earnings pS (EPS) | 1.26 |
| | | | OPERATING RATIOS | | PROFITABILITY RATIOS |
| Free Cash Flow Margin | -5.09 |
| Free Cash Flow Margin 5YEAR AVG | -6.81 |
| Net Profit Margin | 3.2 |
| Net Profit Margin - 5YEAR AVRG. | 5.1 |
| Equity Productivity | 1.73 |
| Return on Equity (ROE) | 5.5 |
| Return on Equity (ROE) - 5YEAR AVRG. | 8.3 |
| Capital Invested Productivity | 1.17 |
| Return on Capital Invested (ROCI) | 3.7 |
| Return on Capital Invested (ROCI) - 5YEAR AVRG. | 5.6 |
| Assets Productivity | 0.90 |
| Return on Assets (ROA) | 2.8 |
| Return on Assets (ROA) - 5YEAR AVRG. | 4.2 |
| Gross Profit Margin | 38.1 |
| Gross Profit Margin - 5YEAR AVRG. | 37.2 |
| EBITDA Margin - LTM | 12.3 |
| EBIT Margin - LTM | 5.8 |
| Pre-Tax Profit Margin | 4.8 |
| Pre-Tax Profit Margin - 5YEAR AVRG. | 7.8 |
| Effective Tax Rate | 35.5 |
| Effective Tax Rate - 5YEAR AVRG. | 34.1 |
| EFFICIENCY RATIOS |
| Cash Conversion Cycle | 187 |
| Revenue per Employee | 231,651 |
| Net Income per Employee | 7,397 |
| Average Collection Period | 55 |
| Receivables Turnover | 6.4 |
| Day's Inventory Turnover Ratio | 132 |
| Inventory Turnover | 2.7 |
| Inventory/Sales | 23.2 |
| Accounts Payble/Sales | 7.89 |
| Assets/Revenue | 1.11 |
| Net Working Capital Turnover | 2.89 |
| Fixed Assets Turnover | 1.70 |
| Total Assets Turnover | 0.9 |
| Revenue per $ Cash | 8.81 |
| Revenue per $ Plant | 6.15 |
| Revenue per $ Common Equity | 1.73 |
| Revenue per $ Capital Invested | 1.17 |
| Selling, General & Adm/tive (SG&A) as % of Revenue | 24.7 |
| SG&A Expense as % of Revenue - 5YEAR AVRG. | 24.6 |
| Research & Devlopment (R&D) as % of Revenue | 0.0 |
| R&D Expense as % of Revenue - 5YEAR AVRG. | 0.0 |
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