Watts Payout Ratio vs Free Cash Flow Yield Analysis

WTS Stock

USD 210.80 4.24 2.05%

Watts Water financial indicator trend analysis is more than just analyzing Watts Water Technologies current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Watts Water Technologies is a good investment. Please check the relationship between Watts Water Payout Ratio and its Free Cash Flow Yield accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Watts Water Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Payout Ratio vs Free Cash Flow Yield

Payout Ratio vs Free Cash Flow Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Watts Water Technologies Payout Ratio account and Free Cash Flow Yield. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Watts Water's Payout Ratio and Free Cash Flow Yield is 0.1. Overlapping area represents the amount of variation of Payout Ratio that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Watts Water Technologies, assuming nothing else is changed. The correlation between historical values of Watts Water's Payout Ratio and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Payout Ratio of Watts Water Technologies are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Payout Ratio i.e., Watts Water's Payout Ratio and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

0.1

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Payout Ratio

Payout Ratio is the proportion of Watts Water Technologies earnings paid out as dividends to shareholders. Payout Ratio is typically expressed as a percentage but can be shown as dividends paid out as a proportion of cash flow. The payout ratio is used to determine the sustainability of Watts Water Technologies dividend payments. A lower payout ratio is generally preferable to a higher payout ratio, with a ratio greater than 100% indicating Watts Water Technologies is paying out more in dividends than it makes in net income.

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Most indicators from Watts Water's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Watts Water Technologies current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Watts Water Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

At this time, Watts Water's Sales General And Administrative To Revenue is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 18.09 in 2024, whereas Discontinued Operations is likely to drop (4.1 M) in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	6.3M	7M	8.2M	7.8M
Depreciation And Amortization	45.1M	39.7M	43.3M	34.5M

Interest Expense Depreciation And Amortization

Watts Water fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Good Will	Common Stock Total Equity
Total Assets		0.45	0.33	0.91	0.63	0.93	0.08	0.49	0.74	0.79	0.3	0.74	0.98	0.79	0.56	0.91	0.46	0.77	0.8	0.36	0.98	0.13	0.79	0.9	0.97	0.44
Short Long Term Debt Total	0.45		-0.41	0.42	-0.09	0.4	0.89	-0.21	0.54	0.33	-0.47	0.54	0.37	0.58	0.96	0.11	0.7	0.18	0.89	-0.4	0.45	0.37	0.79	0.28	0.37	0.43
Other Current Liab	0.33	-0.41		0.26	0.79	0.27	-0.72	0.83	0.45	0.58	0.89	0.44	0.34	0.08	-0.29	0.53	-0.06	0.68	-0.1	0.98	0.34	-0.25	0.12	0.26	0.37	0.0
Total Current Liabilities	0.91	0.42	0.26		0.55	0.83	0.09	0.39	0.65	0.71	0.28	0.65	0.92	0.73	0.45	0.83	0.42	0.75	0.75	0.27	0.89	0.45	0.69	0.86	0.91	0.43
Total Stockholder Equity	0.63	-0.09	0.79	0.55		0.69	-0.49	0.97	0.75	0.89	0.77	0.75	0.69	0.55	0.02	0.77	0.07	0.88	0.24	0.85	0.65	-0.09	0.48	0.63	0.64	0.39
Property Plant And Equipment Net	0.93	0.4	0.27	0.83	0.69		0.05	0.54	0.72	0.82	0.28	0.72	0.95	0.9	0.5	0.87	0.32	0.75	0.72	0.37	0.91	0.11	0.75	0.92	0.89	0.45
Net Debt	0.08	0.89	-0.72	0.09	-0.49	0.05		-0.59	0.11	-0.07	-0.72	0.11	0.0	0.28	0.82	-0.27	0.51	-0.21	0.64	-0.72	0.06	0.34	0.49	-0.04	0.03	0.2
Retained Earnings	0.49	-0.21	0.83	0.39	0.97	0.54	-0.59		0.67	0.79	0.79	0.67	0.54	0.39	-0.13	0.67	-0.02	0.77	0.07	0.89	0.52	-0.15	0.35	0.47	0.5	0.37
Cash	0.74	0.54	0.45	0.65	0.75	0.72	0.11	0.67		0.88	0.31	1.0	0.72	0.74	0.58	0.66	0.58	0.79	0.7	0.48	0.8	0.17	0.82	0.61	0.66	0.59
Non Current Assets Total	0.79	0.33	0.58	0.71	0.89	0.82	-0.07	0.79	0.88		0.58	0.88	0.81	0.77	0.43	0.75	0.33	0.94	0.61	0.64	0.77	0.09	0.8	0.72	0.8	0.44
Non Currrent Assets Other	0.3	-0.47	0.89	0.28	0.77	0.28	-0.72	0.79	0.31	0.58		0.31	0.33	0.07	-0.36	0.45	-0.18	0.68	-0.15	0.91	0.25	-0.11	0.09	0.23	0.4	-0.13
Cash And Short Term Investments	0.74	0.54	0.44	0.65	0.75	0.72	0.11	0.67	1.0	0.88	0.31		0.73	0.74	0.58	0.66	0.57	0.79	0.7	0.48	0.8	0.16	0.82	0.61	0.66	0.6
Net Receivables	0.98	0.37	0.34	0.92	0.69	0.95	0.0	0.54	0.72	0.81	0.33	0.73		0.82	0.47	0.93	0.34	0.81	0.73	0.38	0.96	0.15	0.74	0.95	0.95	0.48
Common Stock Shares Outstanding	0.79	0.58	0.08	0.73	0.55	0.9	0.28	0.39	0.74	0.77	0.07	0.74	0.82		0.66	0.68	0.38	0.66	0.79	0.17	0.8	0.15	0.75	0.85	0.73	0.49
Non Current Liabilities Total	0.56	0.96	-0.29	0.45	0.02	0.5	0.82	-0.13	0.58	0.43	-0.36	0.58	0.47	0.66		0.24	0.72	0.28	0.93	-0.27	0.55	0.16	0.84	0.39	0.49	0.38
Inventory	0.91	0.11	0.53	0.83	0.77	0.87	-0.27	0.67	0.66	0.75	0.45	0.66	0.93	0.68	0.24		0.24	0.78	0.52	0.56	0.92	-0.05	0.55	0.92	0.89	0.48
Other Current Assets	0.46	0.7	-0.06	0.42	0.07	0.32	0.51	-0.02	0.58	0.33	-0.18	0.57	0.34	0.38	0.72	0.24		0.25	0.71	-0.1	0.5	0.22	0.62	0.26	0.38	0.3
Other Stockholder Equity	0.77	0.18	0.68	0.75	0.88	0.75	-0.21	0.77	0.79	0.94	0.68	0.79	0.81	0.66	0.28	0.78	0.25		0.52	0.71	0.74	0.12	0.67	0.72	0.8	0.33
Total Liab	0.8	0.89	-0.1	0.75	0.24	0.72	0.64	0.07	0.7	0.61	-0.15	0.7	0.73	0.79	0.93	0.52	0.71	0.52		-0.09	0.78	0.31	0.91	0.65	0.74	0.46
Property Plant And Equipment Gross	0.36	-0.4	0.98	0.27	0.85	0.37	-0.72	0.89	0.48	0.64	0.91	0.48	0.38	0.17	-0.27	0.56	-0.1	0.71	-0.09		0.37	-0.25	0.16	0.31	0.41	-0.01
Total Current Assets	0.98	0.45	0.34	0.89	0.65	0.91	0.06	0.52	0.8	0.77	0.25	0.8	0.96	0.8	0.55	0.92	0.5	0.74	0.78	0.37		0.11	0.76	0.9	0.92	0.54
Short Term Debt	0.13	0.37	-0.25	0.45	-0.09	0.11	0.34	-0.15	0.17	0.09	-0.11	0.16	0.15	0.15	0.16	-0.05	0.22	0.12	0.31	-0.25	0.11		0.23	0.06	0.12	0.14
Intangible Assets	0.79	0.79	0.12	0.69	0.48	0.75	0.49	0.35	0.82	0.8	0.09	0.82	0.74	0.75	0.84	0.55	0.62	0.67	0.91	0.16	0.76	0.23		0.59	0.75	0.53
Accounts Payable	0.9	0.28	0.26	0.86	0.63	0.92	-0.04	0.47	0.61	0.72	0.23	0.61	0.95	0.85	0.39	0.92	0.26	0.72	0.65	0.31	0.9	0.06	0.59		0.87	0.48
Good Will	0.97	0.37	0.37	0.91	0.64	0.89	0.03	0.5	0.66	0.8	0.4	0.66	0.95	0.73	0.49	0.89	0.38	0.8	0.74	0.41	0.92	0.12	0.75	0.87		0.32
Common Stock Total Equity	0.44	0.43	0.0	0.43	0.39	0.45	0.2	0.37	0.59	0.44	-0.13	0.6	0.48	0.49	0.38	0.48	0.3	0.33	0.46	-0.01	0.54	0.14	0.53	0.48	0.32

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Watts Water Account Relationship Matchups

Watts Water fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.7B	1.7B	1.9B	1.9B	2.3B	1.2B
Short Long Term Debt Total	309.2M	208.9M	152.2M	159.7M	298.3M	262.9M
Other Current Liab	58.7M	202.7M	265.1M	244.4M	252.1M	264.7M
Total Current Liabilities	419.3M	312.8M	408.5M	378.7M	405.8M	232.1M
Total Stockholder Equity	978M	1.1B	1.2B	1.3B	1.5B	1.6B
Property Plant And Equipment Net	200M	212.3M	200.7M	196.8M	248.2M	177.5M
Net Debt	89.5M	(20.7M)	(100.1M)	(163.2M)	(51.8M)	(49.2M)
Retained Earnings	513.9M	560.1M	665.9M	795.3M	979.1M	1.0B
Cash	219.7M	218.9M	242M	310.8M	350.1M	367.6M
Non Current Assets Total	988.2M	1.0B	994.1M	980.3M	1.2B	1.3B
Non Currrent Assets Other	51.8M	67.8M	59.2M	53.8M	64.5M	67.7M
Cash And Short Term Investments	219.7M	218.9M	242M	310.8M	350.1M	367.6M
Net Receivables	219.8M	197.6M	220.9M	233.8M	259.8M	159.6M
Common Stock Shares Outstanding	34.2M	34M	33.9M	33.6M	33.5M	34.4M
Liabilities And Stockholders Equity	1.7B	1.7B	1.9B	1.9B	2.3B	1.2B
Non Current Liabilities Total	325.8M	355.6M	273.9M	251.6M	390.3M	318.1M
Inventory	270.1M	263.6M	370.7M	375.6M	399.3M	230.4M
Other Current Assets	25.3M	29.4M	27.9M	30.4M	51.8M	30.5M
Other Stockholder Equity	591.5M	606.3M	631.2M	651.9M	674.3M	708.0M
Total Liab	745.1M	668.4M	682.4M	630.3M	796.1M	545.5M
Property Plant And Equipment Gross	200M	608M	608.8M	595.6M	677.2M	711.1M
Total Current Assets	734.9M	709.5M	861.5M	950.6M	1.1B	603.0M
Accumulated Other Comprehensive Income	(130.8M)	(100M)	(127.3M)	(149.9M)	(143.4M)	(136.2M)
Short Term Debt	105M	10.7M	10.3M	12.1M	11.5M	18.3M
Intangible Assets	151.4M	141.8M	128.6M	113.7M	216.1M	164.4M
Accounts Payable	123.3M	110.1M	143.4M	134.3M	131.8M	91.2M
Good Will	581.1M	602.4M	600.7M	592.4M	693M	398.1M
Other Liab	87.5M	157.4M	132M	64.5M	74.2M	63.5M
Other Assets	15.4M	72.2M	64.1M	77.4M	89.0M	93.5M
Long Term Debt	204.2M	198.2M	141.9M	147.6M	298.3M	340.2M
Property Plant Equipment	200M	212.3M	200.7M	196.8M	226.3M	209.4M
Current Deferred Revenue	132.3M	(10.7M)	(10.3M)	(12.1M)	(11.5M)	(10.9M)
Net Tangible Assets	245.5M	325.6M	443.9M	594.5M	683.7M	717.9M
Retained Earnings Total Equity	513.9M	560.1M	665.9M	795.3M	914.6M	552.9M
Long Term Debt Total	204.2M	198.2M	141.9M	147.6M	132.8M	126.2M
Capital Surpluse	591.5M	606.3M	631.2M	651.9M	749.7M	583.3M
Deferred Long Term Liab	38.6M	51.1M	40.5M	26.2M	23.6M	41.5M

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