Fairvalue-Calculator Fairvalue-Calculator
EN DE

Waterco Limited (WAT) Fair Value & Analysis

Industrials · AU · Market cap A$180M

WL Waterco Limited WAT · AU
PriceA$5.13
Fair ValueA$6.81
Upside+32.7%
Quality95/100
Evidence: High Range A$4.16 – A$9.70

Fair value as of: Jun 24, 2026

From 24 valuation models · updated 5 days ago

Fair value updated Jun 24, 2026 — revised from A$5.70 to A$6.81 (+19.5%) since Jun 23, 2026. Share price +2.0% over the past month.

Price vs Fair Value (12 months)

A$6.72 A$4.66 Fair Value A$6.81 Jun 2025 Jun 2026

12‑month range A$4.66 – A$6.72 · fair‑value band A$4.16 – A$9.70 · the A$5.13 price screens below the A$6.81 fair value. As of Jun 24, 2026.

✦ Which stocks are undervalued right now? Check free Discover now →

Analysis

Waterco Limited (WAT) currently trades at A$5.13, while our model-based Fair Value estimate is A$6.81 — implying the stock looks roughly 32.7% undervalued today. We read business quality at 95/100 (high quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.

Over the trailing twelve months, Waterco Limited generated revenue of A$253M at a net margin of 4.1%. Revenue declined 1.1% year over year. It earns a return on equity of 7.3%. Net debt stands at A$57.8M. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) A$253M
Revenue growth (YoY) -1.1%
Net margin 4.1%
Return on equity 7.3%
Free cash flow A$18.1M FY2025
P/E ratio 17.1
More key figures
Operating margin 9.1%
EPS (TTM) A$0.3000
Dividend yield 2.9%
EPS growth (YoY) +15.0%
Net debt A$57.8M FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

Waterco Limited engages in the manufacture, wholesale, and export of equipment and accessories in the swimming pool, spa pool, spa bath, rural pump, and irrigation and water treatment sectors in Australia, New Zealand, Asia, North America, and Europe. It manufactures and sells solar heating systems for swimming pools and pre-heat industrial solar systems. The company offers pool and spa products, including pumps, filters, filter media products, water sanitizers, minerals, heating products, automation products, lights, cleaners, recirculation products, in floor pool cleaning products, valves, spa equipment, cleaning accessories, chemicals, and commercial and spa equipment. It also provides water treatment products, such as commercial filter media, cooling water filtration, cartridge and bag, centrifugal, and fiberglass media filters, as well as blowers; and residential pressure pumps and water filters and drinking water purifiers. In addition, the company offers aquaculture equipment…

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Waterco Limited reported revenue of A$255M in FY2025 versus A$113M in FY2021, a compound +22.6%/yr. Reported net income was A$9.6M in FY2025, compounding −6.9%/yr from FY2021.

Revenue +22.6%/yr
FY21 A$113M
FY22 A$123M
FY23 A$128M
FY24 A$245M
FY25 A$255M
Net income −6.9%/yr
FY21 A$12.8M
FY22 A$11.6M
FY23 A$10.8M
FY24 A$13.9M
FY25 A$9.6M

Open the full interactive analysis →

Similar stocks

6 more Pollution & Treatment Controls stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).

Stock Price Fair Value vs Fair Value
Veralto Corporation VLTO $86.05 $56.91 -34%
Canmax Technologies Co 300390 ¥87.60 ¥10.41 -88%
Zurn Elkay Water Solutions Corporation ZWS $49.64 $46.91 -5%
Kurita Water Industries Ltd KTWIY $122.41 $49.33 -60%
Munters Group MTRS kr 193.90 kr 38.62 -80%
Fujian Longking Co 600388 ¥16.37 ¥16.71 +2%

Explore undervalued stocks

More undervalued Industrials stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap Stocks

Frequently asked questions

Is Waterco Limited (WAT) undervalued?
As of Jun 24, 2026, our model estimates a fair value of A$6.81 versus a price of A$5.13 — about +33% (undervalued). Model-based estimate, not financial advice.
What is the fair value of WAT?
Our 21-model fair value for Waterco Limited is A$6.81 (as of Jun 24, 2026), built from audited fundamentals. The current price is A$5.13.
What is the quality score of WAT?
Waterco Limited has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Waterco Limited (WAT)?
Waterco Limited reported trailing-twelve-month revenue of about A$253M (latest available figure, as of Jun 24, 2026).
What is the net profit margin of WAT?
The net profit margin of Waterco Limited is about 4.1%, meaning it keeps roughly 4.1% of revenue as net income. Based on the latest reported figures.
Does Waterco Limited pay a dividend?
Waterco Limited currently shows a dividend yield of about 2.92% relative to its recent price (as of Jun 24, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.