Waters Corp chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 49.54
Dividend & YieldN/A$ (N/A)
Beta 0.86
Market capitalization 19.27B
Operating cash flow 611.66M
ESG Scores 17.0

Company 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.

Sector: Healthcare - Industry: Diagnostics & Research

Financial Ratios
Quick Ratio1.87
Working Capital0.73
Return On Equity1.89
Debt To Equity4.13
Fixed Asset Ratio0.1
Fixed Interest Cover18.4

Financial data

Financial Statements

Cashflow Statement 2019-12-31 2020-12-31 2021-12-31 2022-12-31
Change To Liabilities 21.97M 151.67M 83.95M 73.85M
Total Cashflows From Investing Activities 768.8M -264.09M -231.63M -107.97M
Net Borrowings 535.19M -325.37M 160M 60M
Total Cash From Financing Activities -1.87B -440.5M -438.27M -509.63M
Change To Operating Activities -67.3M -105.62M -68.35M -81.17M
Issuance Of Stock 53.72M 66.03M 55.64M 42.8M
Net Income 592.2M 521.57M 692.84M 707.75M
Change In Cash -460.56M 100.98M 64.54M -20.7M
Effect Of Exchange Rate 224k 15.07M -12.83M -14.77M
Total Cash From Operating Activities 643.09M 790.51M 747.27M 611.66M
Depreciation 105.3M 125.36M 131.68M 130.42M
Change To Account Receivables -22.2M 37.47M -62.45M -137.87M
Other Cashflows From Financing Activities 7.68M 15.24M -4.99M 13.63M
Change To Netincome 48.2M 41.12M 36.84M 20.58M
Capital Expenditures -163.82M -172.38M -161.27M -175.92M

Income Statement 2019-12-31 2020-12-31 2021-12-31 2022-12-31
Research Development 142.96M 140.78M 168.36M 176.19M
Income Before Tax 678.24M 610.91M 806.19M 837.85M
Net Income 592.2M 521.57M 692.84M 707.75M
Selling General Administrative 526.45M 554.7M 627.1M 657.56M
Gross Profit 1.4B 1.36B 1.63B 1.72B
Ebit 716.8M 652.61M 826.75M 883.66M
Operating Income 716.8M 652.61M 826.75M 883.66M
Interest Expense -48.69M -49.07M -44.94M -48.8M
Income Tax Expense 86.04M 89.34M 113.35M 130.09M
Total Revenue 2.41B 2.37B 2.79B 2.97B
Cost Of Revenue 1.01B 1.01B 1.16B 1.25B
Total Other Income ExpenseNet -38.56M -41.7M -20.55M -45.82M
Net Income From Continuing Ops 592.2M 521.57M 692.84M 707.75M
Net Income Applicable To Common Shares 592.2M 521.57M 692.84M 707.75M

Balance Sheet Statement 2019-12-31 2020-12-31 2021-12-31 2022-12-31
Total Liabilities 2.77B 2.61B 2.73B 2.78B
Total Stockholder Equity -216.28M 232.14M 367.55M 504.49M
Other Current Liabilities 371.38M 482.84M 454.61M 512.71M
Total Assets 2.56B 2.84B 3.09B 3.28B
Common Stock 1.61M 1.62M 1.62M 1.62M
Other Current Assets 67.06M 80.29M 90.91M 103.91M
Retained Earnings 6.59B 7.11B 7.8B 8.51B
Treasury Stock -8.73B -8.91B -9.55B -10.21B
Cash 335.71M 436.69M 501.23M 480.53M
Total Current Liabilities 591.33M 804.98M 680.51M 785.74M
Other Stockholder Equity -119.47M -117.94M -111.86M -141.57M
Property, Plant, and Equipment 510.7M 587.25M 632.65M 668.72M
Total Current Assets 1.31B 1.4B 1.63B 1.76B
Net Tangible Assets -812.61M -470.86M -312.71M -153.24M
Net Receivables 587.73M 573.32M 612.65M 722.89M
Accounts Payable 49M 72.21M 96.8M 93.3M


Insider Transactions

Here are the insider transactions of stock shares related to Waters Corp:

Filer Name Transaction Text Ownership Date Filer Relation Shares
VERGNANO MARK PPurchase at price 313.32 per share.D2023-02-28Director3.19k
CONARD EDWARD WStock Award(Grant) at price 0.00 per share.D2023-01-03Director318
KUEBLER CHRISTOPHER AStock Award(Grant) at price 0.00 per share.D2023-01-03Director318
BADDOUR LINDAStock Award(Grant) at price 0.00 per share.D2023-01-03Director318
VERGNANO MARK PStock Award(Grant) at price 0.00 per share.D2023-01-03Director318
BRENNAN DANIEL JStock Award(Grant) at price 0.00 per share.D2023-01-03Director318
ORNSKOV FLEMMINGStock Award(Grant) at price 0.00 per share.D2023-01-03Director318
HUANG PEARL S.Stock Award(Grant) at price 0.00 per share.D2023-01-03Director318
JIANG WEIStock Award(Grant) at price 0.00 per share.D2023-01-03Director318
CONARD EDWARD WSale at price 334.70 per share.D2022-11-30Director1.06k
CONARD EDWARD WConversion of Exercise of derivative security at price 335.42 per share.D2022-11-30Director4k
CONARD EDWARD WSale at price 334.70 per share.D2022-11-30Director1.06k
CONARD EDWARD WConversion of Exercise of derivative security at price 88.71 per share.D2022-11-30Director4k
VERGNANO MARK PStock Award(Grant) at price 0.00 per share.D2022-11-23Director54
BRENNAN DANIEL JStock Award(Grant) at price 0.00 per share.D2022-11-23Director54
KUEBLER CHRISTOPHER ASale at price 328.78 per share.D2022-05-19Director4k
KUEBLER CHRISTOPHER AConversion of Exercise of derivative security at price 88.71 per share.D2022-05-19Director4k
HENDRICKSON GARY ESale at price 334.51 - 337.50 per share.D2022-05-05Director5.96k
HENDRICKSON GARY EConversion of Exercise of derivative security at price 334.05 - 337.51 per share.D2022-05-05Director5.96k
ALEMAN KEELEY AStock Award(Grant) at price 0.00 per share.I2022-03-09General Counsel43
SILVEIRA MICHAEL FStock Award(Grant) at price 0.00 per share.D2022-03-01Officer973
ALEMAN KEELEY AStock Award(Grant) at price 0.00 per share.D2022-03-01General Counsel807
SALICE THOMAS PStock Award(Grant) at price 0.00 per share.D2022-01-03Director301
CONARD EDWARD WStock Award(Grant) at price 0.00 per share.D2022-01-03Director301
KUEBLER CHRISTOPHER AStock Award(Grant) at price 0.00 per share.D2022-01-03Director301
BADDOUR LINDAStock Award(Grant) at price 364.59 per share.D2022-01-03Director301
BALLBACH JOHN MStock Award(Grant) at price 0.00 per share.D2022-01-03Director301
HENDRICKSON GARY EStock Award(Grant) at price 0.00 per share.D2022-01-03Director301
ORNSKOV FLEMMINGStock Award(Grant) at price 0.00 per share.D2022-01-03Director301
HUANG PEARL S.Stock Award(Grant) at price 0.00 per share.D2022-01-03Director301
JIANG WEIStock Award(Grant) at price 0.00 per share.D2022-01-03Director301
CONARD EDWARD WSale at price 336.01 per share.D2021-12-02Director4k
CONARD EDWARD WConversion of Exercise of derivative security at price 75.94 per share.D2021-12-02Director4k
BALLBACH JOHN MStock Award(Grant) at price 349.32 per share.D2021-10-05Director78
KUEBLER CHRISTOPHER ASale at price 405.62 per share.D2021-08-18Director3k
BADDOUR LINDASale at price 408.99 per share.D2021-08-16Director1.26k
BADDOUR LINDAConversion of Exercise of derivative security at price 183.41 per share.D2021-08-16Director1.26k
BERENDT MICHAEL JSale at price 403.12 per share.D2021-08-13Director806
BERENDT MICHAEL JSale at price 398.43 per share.D2021-08-12Director4k
SALICE THOMAS PSale at price 395.00 per share.D/I2021-08-05Director8.5k
JIANG WEIStock Award(Grant) at price 0.00 per share.D2021-07-14Director147
JIANG WEIStock Award(Grant) at price 0.00 per share.D2021-07-14Director147
BERENDT MICHAEL JSale at price 318.24 per share.D2021-05-24Director1.16k
BADDOUR LINDASale at price 314.99 per share.D2021-05-13Director1.25k
BADDOUR LINDAConversion of Exercise of derivative security at price 188.26 per share.D2021-05-13Director1.25k
CHAUBAL AMOLStock Award(Grant) at price 0.00 per share.D2021-05-12Chief Financial Officer2.47k
SILVEIRA MICHAEL FStock Award(Grant) at price 0.00 per share.D2021-05-03Officer994
PRATT JONATHAN M.Stock Award(Grant) at price 0.00 per share.D2021-05-03Officer497
REED JOANN ASale at price 263.31 per share.D2021-03-05Director1.6k
REED JOANN AConversion of Exercise of derivative security at price 136.43 per share.D2021-03-05Director1.6k
SILVEIRA MICHAEL FStock Award(Grant) at price 0.00 per share.D2021-03-01Officer186

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Waters Corp. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Waters Corp

Here is the result of two systematic investment strategies applied to Waters Corp. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Waters Corp

The following chart shows the equity curve of the two systematic investment strategies applied to Waters Corp:

Waters Corp automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 60.08% on the backtest period.

Performance at glance

Performance

60.08 %

Latent gain

1329.38 $

Invested capital

2212.84 $

Annualized return

14.51 %
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Momentum strategy results on Waters Corp

This is the result of two momentum investment strategies applied to Waters Corp. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Waters Corp

The following chart shows all the entries opened by the momentum investment system on Waters Corp:

Waters Corp momentum entries
  • The first momentum investment strategy would give 98.12% of return on Waters Corp. That represents 3703.47$ of latent gain with 3774.55$ of employed capital.
  • The second momentum investment strategy would give 97.73% of return on Waters Corp. That represents 2723.45$ of latent gain with 2786.67$ of employed capital.
Performance at glance (1Q Momentum)

Performance

98.12 %

Latent gain

3703.47 $

Invested capital

3774.55 $

Annualized return

20.45 %
Performance at glance (2Q Momentum)

Performance

97.73 %

Latent gain

2723.45 $

Invested capital

2786.67 $

Annualized return

26.7 %

Momentum equity curve on Waters Corp

The following chart shows the equity curve of the two momentum strategies applied to Waters Corp:

Waters Corp momentum equity

Note: the dividends potentially given by Waters Corp are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Waters Corp

The following chart shows the employed capital evolution of the two momentum strategies on Waters Corp since the beginning:

Waters Corp

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on Waters Corp

Buy the dip entry openings on Waters Corp

Waters Corp

The performance achieved by the robo-advisor on Waters Corp is 43.76%. That represents 838.63$ of latent gain with 1916.43$ of employed capital. The following chart shows Waters Corp stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Waters Corp, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

43.76 %

Latent gain

838.63 $

Invested capital

1916.43 $

Annualized return

20.45 %

Equity curve of the strategy applied to Waters Corp

The following chart shows the result of the investment strategy applied to Waters Corp:

Waters Corp

Note: the dividends potentially given by Waters Corp are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Waters Corp

The following chart shows the employed capital evolution since the beginning of the investment strategy on Waters Corp:

Waters Corp

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Waters Corp

In this section, I will compare the three previous investment strategies applied to Waters Corp.

Equity curve comparison on Waters Corp

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Waters Corp investment strategy comparison

Employed capital comparison on Waters Corp

Waters Corp investment comparison

Performance comparison on Waters Corp

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 60.08% 1329.38$ 2212.84$ 14.51%
Momentum 1 quarter 98.12% 3703.47$ 3774.55$ 25.16%
Momentum 2 quarters 97.73% 2723.45$ 2786.67$ 26.7%
Non-directional 43.76% 838.63$ 1916.43$ 20.45%
Annualized return comparison

Automatic investment

14.51 %

Momentum 1Q

26.7 %

Momentum 2Q

26.7 %

Non-directional

20.45 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Waters Corp:

Note: The algorithm computes the probability of correlation between Waters Corp and the other stocks. There may be false positives or some missing correlated stocks. If the price of Waters Corp does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name Waters Corp
Country United States
City Milford
Address 34 Maple Street
Phone 508 478 2000
Website www.waters.com
FullTime employees 8200
Industry Diagnostics & Research
Sector Healthcare
Exchange XNYS
Ticker WAT
Market www.nyse.com

Waters Corp ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 1.4
Peer Environment Performance 2.3019607843137
Environment Percentile unknown
Palm Oil no
Nuclear no
Fur Leather no
GMO no
Coal no
Pesticides no
Animal Testing no

Social scores

Social ESG Factors Scores
Social Score 9.4
Peer Social Performance 14.802549019608
Social Percentile unknown
Highest Controversy 0
Peer Highest Controversy Performance 1.4230769230769
Adult no
Gambling no
Alcoholic no
Tobacco no
Catholic no
Controversial Weapons no
Small Arms no
Military Contract no
Peer Count yes

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 6.2
Peer Governance Performance 8.8572549019608
Governance Percentile unknown

ESG at glance
Total ESG Scores: 17.0
Environment Score: 1.4
Social Score: 9.4
Governance Score: 6.2

ESG Performance: UNDER_PERF

Peer Group: Pharmaceuticals

Peer Esg Score Performance: 26.197692307692

Rating Year: 2023

Rating Month: 1

Max Age: 86400

Percentile: 16