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Healthcare - Medical - Diagnostics & Research - NYSE - US
$ 358.46
-4.85 %
$ 21.3 B
Market Cap
34.17
P/E
1. INTRINSIC VALUE

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, manufactures, sells, and services high and ultra-performance liquid chromatography, as well as mass spectrometry (MS) technology systems and support products, including chromatography columns, other consumable products, and post-warranty service plans. It also designs, manufactures, sells, and services thermal analysis, rheometry, and calorimetry instruments; and develops and supplies software-based products that interface with its instruments, as well as other manufacturers' instruments. Its MS technology instruments are used in drug discovery and development comprising clinical trial testing, the analysis of proteins in disease processes, nutritional safety analysis, and environmental testing.[ Read More ]

The intrinsic value of one WAT stock under the base case scenario is HIDDEN Compared to the current market price of 358 USD, Waters Corporation is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart WAT

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FINANCIALS
2.96 B REVENUE
-0.52%
818 M OPERATING INCOME
-6.38%
642 M NET INCOME
-9.26%
603 M OPERATING CASH FLOW
-1.45%
-1.44 B INVESTING CASH FLOW
-1235.84%
755 M FINANCING CASH FLOW
248.14%
740 M REVENUE
4.48%
199 M OPERATING INCOME
4.08%
162 M NET INCOME
13.15%
205 M OPERATING CASH FLOW
275.14%
-26.1 M INVESTING CASH FLOW
27.87%
-177 M FINANCING CASH FLOW
-419.68%
Balance Sheet Decomposition Waters Corporation
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Current Assets 1.75 B
Cash & Short-Term Investments 396 M
Receivables 702 M
Other Current Assets 655 M
Non-Current Assets 2.87 B
Long-Term Investments 4.84 M
PP&E 724 M
Other Non-Current Assets 2.15 B
Current Liabilities 790 M
Accounts Payable 84.7 M
Short-Term Debt 106 M
Other Current Liabilities 599 M
Non-Current Liabilities 2.69 B
Long-Term Debt 2.36 B
Other Non-Current Liabilities 322 M
EFFICIENCY
Earnings Waterfall Waters Corporation
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Revenue 2.96 B
Cost Of Revenue 1.2 B
Gross Profit 1.76 B
Operating Expenses 944 M
Operating Income 818 M
Other Expenses 175 M
Net Income 642 M
RATIOS
59.57% GROSS MARGIN
59.57%
27.66% OPERATING MARGIN
27.66%
21.72% NET MARGIN
21.72%
55.83% ROE
55.83%
13.88% ROA
13.88%
20.18% ROIC
20.18%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Waters Corporation
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Net Income 642 M
Depreciation & Amortization 166 M
Capital Expenditures -161 M
Stock-Based Compensation 36.9 M
Change in Working Capital -240 M
Others -165 M
Free Cash Flow 442 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Waters Corporation
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Wall Street analysts predict an average 1-year price target for WAT of $346 , with forecasts ranging from a low of $300 to a high of $415 .
WAT Lowest Price Target Wall Street Target
300 USD -16.31%
WAT Average Price Target Wall Street Target
346 USD -3.40%
WAT Highest Price Target Wall Street Target
415 USD 15.77%
4. DIVIDEND ANALYSIS
0.00% DIVIDEND YIELD
0.04 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership Waters Corporation
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
1.62 M USD 2
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
333 K USD 1
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
5 months ago
May 28, 2024
Bought 333 K USD
FEARON RICHARD H
Director
+ 1000
332.9 USD
6 months ago
May 15, 2024
Sell 1.45 M USD
KUEBLER CHRISTOPHER A
Director
- 4000
361.64 USD
8 months ago
Mar 13, 2024
Sell 178 K USD
BADDOUR LINDA
Director
- 500
355.54 USD
1 year ago
Aug 04, 2023
Sell 1.17 M USD
KUEBLER CHRISTOPHER A
Director
- 4000
291.48 USD
1 year ago
Feb 28, 2023
Bought 998 K USD
VERGNANO MARK P
Director
+ 3185
313.321 USD
1 year ago
Nov 30, 2022
Sell 354 K USD
CONARD EDWARD
Director
- 1059
334.7 USD
1 year ago
Nov 30, 2022
Sell 354 K USD
CONARD EDWARD
Director
- 1059
334.7 USD
2 years ago
May 19, 2022
Sell 1.32 M USD
KUEBLER CHRISTOPHER A
director:
- 4000
328.78 USD
2 years ago
May 05, 2022
Sell 422 K USD
Hendrickson Gary E
Director
- 1249
337.5 USD
2 years ago
May 05, 2022
Sell 175 K USD
Hendrickson Gary E
Director
- 523
335.188 USD
2 years ago
May 05, 2022
Sell 416 K USD
Hendrickson Gary E
Director
- 1237
335.96 USD
2 years ago
May 05, 2022
Sell 536 K USD
Hendrickson Gary E
Director
- 1601
334.508 USD
2 years ago
May 05, 2022
Sell 454 K USD
Hendrickson Gary E
Director
- 1352
335.525 USD
2 years ago
Dec 02, 2021
Sell 1.34 M USD
CONARD EDWARD
Director
- 4000
336.01 USD
3 years ago
Aug 18, 2021
Sell 1.22 M USD
KUEBLER CHRISTOPHER A
Director
- 3000
405.62 USD
3 years ago
Aug 16, 2021
Sell 515 K USD
BADDOUR LINDA
Director
- 1260
408.99 USD
3 years ago
Aug 13, 2021
Sell 325 K USD
BERENDT MICHAEL J
Director
- 806
403.12 USD
3 years ago
Aug 12, 2021
Sell 1.59 M USD
BERENDT MICHAEL J
Director
- 4000
398.43 USD
3 years ago
Aug 05, 2021
Sell 1.38 M USD
SALICE THOMAS P
Director
- 3500
395 USD
3 years ago
Aug 05, 2021
Sell 1.98 M USD
SALICE THOMAS P
Director
- 5000
395 USD
3 years ago
May 24, 2021
Sell 369 K USD
BERENDT MICHAEL J
Director
- 1161
318.24 USD
3 years ago
May 13, 2021
Sell 393 K USD
BADDOUR LINDA
Director
- 1249
314.99 USD
3 years ago
Mar 05, 2021
Sell 421 K USD
REED JOANN A
Director
- 1600
263.31 USD
3 years ago
Feb 09, 2021
Sell 491 K USD
REED JOANN A
Director
- 1738
282.36 USD
3 years ago
Feb 09, 2021
Sell 456 K USD
REED JOANN A
Director
- 1614
282.51 USD
3 years ago
Feb 09, 2021
Sell 397 K USD
REED JOANN A
Director
- 1407
282.3 USD
3 years ago
Dec 04, 2020
Sell 313 K USD
CONARD EDWARD
Director
- 1322
236.59 USD
4 years ago
Nov 12, 2020
Sell 519 K USD
Carson Robert G
SVP Corporate Development
- 2277
227.945 USD
4 years ago
Nov 09, 2020
Sell 920 K USD
BERENDT MICHAEL J
Director
- 4000
230.1 USD
4 years ago
Oct 30, 2020
Sell 3.88 M USD
Buck Sherry
SVP and CFO
- 17499
221.62 USD
4 years ago
Aug 24, 2020
Sell 1.13 M USD
Harrington Michael C
SVP, Global Markets
- 5254
215.88 USD
4 years ago
Aug 24, 2020
Sell 1.21 M USD
Harrington Michael C
SVP, Global Markets
- 5600
215.91 USD
4 years ago
Aug 24, 2020
Sell 2.92 M USD
Harrington Michael C
SVP, Global Markets
- 13527
215.64 USD
4 years ago
Aug 20, 2020
Sell 1.36 M USD
Rae Elizabeth B
SVP, Global HR
- 6380
213.5 USD
4 years ago
Aug 19, 2020
Sell 2.62 M USD
King Ian
SVP, Global Products
- 12000
218.44 USD
4 years ago
Aug 05, 2020
Sell 31.6 K USD
Aleman Keeley A
SVP General Counsel & Corp Sec
- 150
210.469 USD
4 years ago
Jul 31, 2020
Sell 6.4 M USD
OConnell Christopher J
CEO and President
- 30000
213.3 USD
4 years ago
May 18, 2020
Sell 918 K USD
Rae Elizabeth B
SVP, Global HR
- 5000
183.53 USD
4 years ago
Feb 26, 2020
Sell 305 K USD
Kim Francis
SVP Global Operations
- 1471
207.33 USD
4 years ago
Feb 21, 2020
Sell 24.9 K USD
Aleman Keeley A
SVP General Counsel & Corp Sec
- 115
216.79 USD
4 years ago
Feb 21, 2020
Sell 7.8 K USD
Aleman Keeley A
SVP General Counsel & Corp Sec
- 36
216.75 USD
4 years ago
Feb 06, 2020
Sell 501 K USD
Kim Francis
SVP Global Operations
- 2277
220.03 USD
4 years ago
Feb 06, 2020
Sell 402 K USD
Kim Francis
SVP Global Operations
- 1827
220.01 USD
4 years ago
Feb 06, 2020
Sell 324 K USD
Kim Francis
SVP Global Operations
- 1472
220.13 USD
4 years ago
Feb 06, 2020
Sell 201 K USD
Kim Francis
SVP Global Operations
- 912
220.15 USD
4 years ago
Jan 02, 2020
Sell 1.22 M USD
REED JOANN A
Director
- 5194
234.67 USD
4 years ago
Jan 02, 2020
Sell 940 K USD
BERENDT MICHAEL J
Director
- 4000
234.93 USD
4 years ago
Nov 26, 2019
Sell 247 K USD
CONARD EDWARD
Director
- 1112
221.97 USD
5 years ago
Nov 15, 2019
Sell 164 K USD
BEAUDOUIN MARK T
SVP and General Counsel
- 761.9523
215 USD
5 years ago
Nov 15, 2019
Sell 519 K USD
BEAUDOUIN MARK T
SVP and General Counsel
- 2413.0477
215 USD
5 years ago
Nov 13, 2019
Sell 3.36 M USD
Harrington Michael C
SVP, Global Markets
- 15761
213.32 USD
5 years ago
Nov 13, 2019
Sell 1.68 M USD
Harrington Michael C
SVP, Global Markets
- 7871
213.27 USD
5 years ago
Nov 13, 2019
Sell 4.4 M USD
King Ian
SVP, Global Products
- 20625
213.39 USD
5 years ago
Nov 13, 2019
Sell 177 K USD
BEAUDOUIN MARK T
SVP and General Counsel
- 825
215 USD
5 years ago
Nov 12, 2019
Sell 506 K USD
King Ian
SVP, Global Products
- 2375
213.19 USD
5 years ago
Nov 07, 2019
Sell 573 K USD
Rae Elizabeth B
SVP, Global HR
- 2674
214.26 USD
5 years ago
Nov 07, 2019
Sell 4.07 M USD
Rae Elizabeth B
SVP, Global HR
- 19138
212.6 USD
5 years ago
Nov 07, 2019
Sell 1.61 M USD
Rae Elizabeth B
SVP, Global HR
- 7514
214.04 USD
5 years ago
Nov 01, 2019
Sell 472 K USD
GLIMCHER LAURIE H M.D.
Director
- 2200
214.64 USD
5 years ago
Nov 01, 2019
Sell 430 K USD
SALICE THOMAS P
Director
- 2000
214.75 USD
5 years ago
Mar 11, 2019
Sell 14.4 K USD
Kelly Terrence P
SVP, President TA Instruments
- 60
239.69 USD
5 years ago
Mar 11, 2019
Sell 466 K USD
Kelly Terrence P
SVP, President TA Instruments
- 1946
239.69 USD
5 years ago
Mar 06, 2019
Sell 657 K USD
Carson Robert G
SVP Corporate Development
- 2724
241.23 USD
5 years ago
Feb 26, 2019
Sell 354 K USD
GLIMCHER LAURIE H M.D.
Director
- 1485
238.69 USD
5 years ago
Feb 25, 2019
Sell 719 K USD
BERENDT MICHAEL J
Director
- 3000
239.64 USD
5 years ago
Feb 13, 2019
Sell 5.26 M USD
Harrington Michael C
SVP, Global Markets
- 22400
234.93 USD
5 years ago
Feb 12, 2019
Sell 2.33 M USD
SILVEIRA MICHAEL F
VP, Corporate Controller
- 10000
233.43 USD
5 years ago
Feb 11, 2019
Sell 304 K USD
Kelly Terrence P
SVP, President TA Instruments
- 1312
232.03 USD
5 years ago
Feb 05, 2019
Sell 930 K USD
Rae Elizabeth B
SVP, Global HR
- 4000
232.44 USD
5 years ago
Feb 05, 2019
Sell 1.58 M USD
Rae Elizabeth B
SVP, Global HR
- 6800
232.29 USD
5 years ago
Jan 30, 2019
Sell 463 K USD
SALICE THOMAS P
Director
- 2000
231.59 USD
5 years ago
Jan 30, 2019
Sell 4.6 M USD
Harrington Michael C
SVP, Global Markets
- 20000
230.24 USD
5 years ago
Jan 28, 2019
Sell 5.25 M USD
King Ian
SVP, Global Products
- 23000
228.09 USD
5 years ago
Jan 28, 2019
Sell 674 K USD
Kelly Terrence P
SVP, President TA Instruments
- 2942
228.95 USD
5 years ago
Jan 25, 2019
Sell 6.28 M USD
BEAUDOUIN MARK T
SVP and General Counsel
- 27848
225.36 USD
5 years ago
Jan 25, 2019
Sell 207 K USD
Kim Francis
SVP Global Operations
- 913
226.39 USD
5 years ago
Jan 02, 2019
Sell 134 K USD
REED JOANN A
Director
- 708
188.65 USD
5 years ago
Jan 02, 2019
Sell 647 K USD
BERENDT MICHAEL J
Director
- 3500
184.74 USD
5 years ago
Dec 14, 2018
Sell 214 K USD
Harrington Michael C
SVP, Global Markets
- 1131
189.53 USD
5 years ago
Dec 10, 2018
Sell 963 K USD
Kelly Terrence P
SVP, President TA Instruments
- 5066
190 USD
5 years ago
Dec 11, 2018
Sell 1.03 M USD
Kelly Terrence P
SVP, President TA Instruments
- 5400
190.57 USD
5 years ago
Dec 11, 2018
Sell 654 K USD
Kelly Terrence P
SVP, President TA Instruments
- 3423
190.93 USD
5 years ago
Dec 10, 2018
Sell 134 K USD
Kelly Terrence P
SVP, President TA Instruments
- 706
190.03 USD
5 years ago
Dec 11, 2018
Sell 454 K USD
Kelly Terrence P
SVP, President TA Instruments
- 2429
186.76 USD
7. News
Waters Corporation Opens State-of-the-Art Precision Manufacturing Facility in Longbridge, UK News summary: Newly built 45,000 sq ft facility houses engineering and skilled manufacturing employees at Longbridge Business Park, a specialized hub for science and technology. Waters triples manufacturing footprint while increasing precision machining and metrology capacity to support future growth. prnewswire.com - 3 days ago
Confluence's Revolution solution recognized as Best Buy-side Risk Management Initiative by Waters Technology PITTSBURGH--(BUSINESS WIRE)--Confluence Technologies, Inc. (“Confluence”), a global technology solutions provider for regulatory, analytics, and investor communications solutions for the investment management industry, proudly announced that its Revolution solution for multi-asset performance, attribution and risk analytics, has been named Best Buy-side Risk Management Initiative in the Last 12 Months by Waters Technology's Buy-side Technology Awards, marking the fourth time Confluence has won. businesswire.com - 1 week ago
Waters New Software Delivers Lab-Centric Business Intelligence and Enables Confident Audit-Readiness News Summary: waters_connect™ Data Intelligence software provides laboratories with comprehensive business intelligence on their chromatographic data throughout the product development lifecycle, enabling real-time audit readiness and query response, while reducing time spent on audit preparation. Cloud-based software proactively provides visibility into risks that could trigger adverse regulatory findings, delivering seamless remote data access, comprehensive analytics, historical trends, scalability, and cost efficiency. prnewswire.com - 1 week ago
Waters Stock Gains on Earnings & Sales Beat in Q3, Raised View WAT's third-quarter 2024 results show growth in the pharma and industrial sectors. A dip in China sales creates headwinds. zacks.com - 1 week ago
Artificial Intelligence Risk Inc. Named as Waters Technology's "Best buy-side AI platform or tool (compliance)" for the AIR- GPT Gen AI Platform Waters Technology Recognizes Generative-AI Platform Focused on Compliance and Cybersecurity Greenwich, Connecticut--(Newsfile Corp. - November 4, 2024) - Artificial Intelligence Risk, Inc. (AI Risk, Inc.), the leader in Gen AI compliance and cybersecurity software, today announced its recognition as the best buy-side AI platform or tool (compliance) by WaterTechnology's 2024 Buy-Side Technology Awards. This acknowledgement, awarded as AI Risk, Inc. is growing rapidly in terms of both clients and staff, underscores the company's rapid and exceptional impact on the financial industry. newsfilecorp.com - 1 week ago
Waters Stock Leads S&P 500 Gains Friday as Earnings Top Estimates Shares of Waters Corp. (WAT) surged nearly 20% on Friday, delivering the top daily performance in the S&P 500 after the company reported third-quarter sales and earnings that topped analysts' projections. investopedia.com - 2 weeks ago
S&P 500 Gains and Losses Today: Waters Stock Surges as Sales Improve Following a pair of negative trading sessions, major U.S. equities indexes closed out the week on a strong note, pushing higher on Friday as investors cheered upbeat earnings results from e-commerce and cloud computing behemoth Amazon (AMZN). investopedia.com - 2 weeks ago
Waters Corporation (WAT) Q3 2024 Earnings Call Transcript Waters Corporation (NYSE:WAT ) Q3 2024 Earnings Conference Call November 1, 2024 8:00 AM ET Company Participants Caspar Tudor – Head of Investor Relations Udit Batra – President and Chief Executive Officer Amol Chaubal – Senior Vice President and Chief Financial Officer Conference Call Participants Tycho Peterson – Jefferies Brandon Couillard – Wells Fargo Puneet Souda – Leerink Partners Vijay Kumar – Evercore ISI Dan Brennan – TD Cowen Matt Sykes – Goldman Sachs Operator Good morning, and welcome to the Waters Corporation Third Quarter 2024 Financial Results Conference Call. All participants will be in a listen-only mode until the question-and-answer session begins. seekingalpha.com - 2 weeks ago
Waters (WAT) Beats Q3 Earnings and Revenue Estimates Waters (WAT) came out with quarterly earnings of $2.93 per share, beating the Zacks Consensus Estimate of $2.68 per share. This compares to earnings of $2.84 per share a year ago. zacks.com - 2 weeks ago
Waters Corp raises annual profit forecast on higher demand for lab equipment Waters Corp raised its annual profit forecast after beating Wall Street estimates for third-quarter profit and revenue on Friday, on improved demand for its products and services used in drug development and research. reuters.com - 2 weeks ago
Waters Corporation (NYSE: WAT) Reports Third Quarter 2024 Financial Results Highlights Sales of $740 million exceeded guidance, grew 4% as reported and 4% in constant currency Instruments returned to growth; recurring revenue grew high single-digits in constant currency All reported regions returned to growth in the quarter; sales grew across all end markets, led by Pharma & Industrial GAAP EPS of $2.71 and non-GAAP EPS of $2.93 significantly exceeded guidance, led by strong operational performance and better-than-expected market conditions Raised full-year sales and EPS guidance, with 5% to 7% constant currency growth expected in the fourth quarter Third Quarter 2024 MILFORD, Mass. , Nov. 1, 2024 /PRNewswire/ -- Waters Corporation (NYSE: WAT) today announced its financial results for the third quarter of 2024. prnewswire.com - 2 weeks ago
Sailing In International Waters With LVHI I avoid investing in non-democratic countries due to "Regime Risk," which can render traditional stock-picking rules irrelevant overnight. The MSCI World Index underperforms the S&P 500 in every category, suggesting that international equities may not be a wise investment. The Franklin International Low Volatility High Dividend Index ETF offers better risk management and dividend potential, making it a strong addition to my portfolio. seekingalpha.com - 2 weeks ago
8. Profile Summary

Waters Corporation WAT

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COUNTRY US
INDUSTRY Medical - Diagnostics & Research
MARKET CAP $ 21.3 B
Dividend Yield 0.00%
Description 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, manufactures, sells, and services high and ultra-performance liquid chromatography, as well as mass spectrometry (MS) technology systems and support products, including chromatography columns, other consumable products, and post-warranty service plans. It also designs, manufactures, sells, and services thermal analysis, rheometry, and calorimetry instruments; and develops and supplies software-based products that interface with its instruments, as well as other manufacturers' instruments. Its MS technology instruments are used in drug discovery and development comprising clinical trial testing, the analysis of proteins in disease processes, nutritional safety analysis, and environmental testing. The company offers thermal analysis, rheometry, and calorimetry instruments for use in predicting the suitability and stability of fine chemicals, pharmaceuticals, water, polymers, metals, and viscous liquids for various industrial, consumer good, and healthcare products, as well as for life science research. Its products are used by life science, pharmaceutical, biochemical, industrial, nutritional safety, environmental, academic, and governmental customers working in research and development, quality assurance, and other laboratory applications. Waters Corporation was founded in 1958 and is headquartered in Milford, Massachusetts.
Contact 34 Maple Street, Milford, MA, 01757 https://www.waters.com
IPO Date Nov. 17, 1995
Employees 7900
Officers Dr. Udit Batra Ph.D. President, Chief Executive Officer & Director Ms. Kristen Garvey Vice President of Corporate Communications Mr. John Lynch Treasurer Mr. Christos Ross Senior Vice President of Global Operations Caspar Tudor Director of Investor Relations Mr. Patrick Conway Interim Vice President of Human Resources Mr. Robert L. Carpio III Senior Vice President of Waters Division Ms. Jianqing Y. Bennett Senior Vice President of TA Instruments Division & Waters Clinical Business Unit Dr. Daniel Rush Ph.D. Senior Vice President of Strategy & Transformation Mr. Amol Chaubal Senior Vice President & Chief Financial Officer