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    Industrials

  3. •

    Industrial - Pollution & Treatment Controls
Waterco Limited

Waterco Limited

WAT.AX
Waterco LimitedAU flagAustralian Securities Exchange
5.20
AUD
+0.10
- -
182.18MMarket Cap
Waterco Limited
WAT.AX
(Australian Securities Exchange)

Recent

price

5.20

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
FRC
2.38
2.08
1.98
2
2.21
2.25
2.22
2.2
2.32
2.45
2.58
3.16
3.46
3.8
6.96
7.09
Revenue per Share
0.12
0.1
0.06
0.05
0.03
0.04
0.08
0.1
0.1
0.06
0.49
0.36
0.33
0.31
0.4
0.27
Basic EPS, GAAP
-0.22
0.08
-0.1
-0.1
-0.02
-0.08
-0.04
-0.09
-0.09
-0.07
-0.05
-0.08
-0.1
-0.08
-0.07
-0.09
Free Cash Flow per Basic Share
0.06
0.09
0.08
0.07
0.07
0.03
0.07
0.05
0.05
0.05
0.05
0.06
0.07
0.1
0.12
0.15
Dividend per Share
1.49
1.4
1.41
1.39
1.34
1.34
1.35
1.37
1.41
1.42
1.96
2.27
2.52
2.72
3
3.12
Book Value per Share
1.59
1.03
1.07
1.29
1.54
1.76
1.85
2.04
2.55
2.68
2.81
3.25
3.05
3.38
3.62
4.02
Tangible Book Value per Share
30
33
33
34
35
36
37
38
37
37
36
36
36
35
35
35
Basic Weighted Avg Shares
71
68
66
69
77
81
82
83
86
90
94
113
123
134
245
249
Sales/Revenue/Turnover
9.11
8.77
6.56
6.34
3.38
2.79
4.31
4.88
5.97
3.58
-0.09
3.94
8.49
10.92
9.12
5.56
Operating Margin (%)
2
1
1
1
1
1
1
1
2
2
7
7
6
7
11
12
Depreciation Expense
4
3
2
2
1
1
3
4
4
2
18
13
12
11
14
10
Net Income, GAAP
30.43
29.06
28.06
46.03
49.48
49.06
25.45
30.44
30.96
31.12
22.8
- -
22.14
22
24.32
21.01
Effective Tax Rate (%)
5.19
4.7
3.06
2.44
1.18
1.84
3.41
4.41
4.46
2.5
18.87
11.25
9.44
8.09
5.68
3.84
Profit Margin (%)
53
46
45
55
57
45
60
54
51
51
85
67
88
99
171
106
Working Capital
42
40
42
47
47
20
31
32
22
22
29
10
13
16
64
67
LT Debt
48
34
36
44
54
64
68
77
95
99
103
119
111
121
130
143
Total Equity
5.8
4.88
3.81
2.58
1.27
1.03
2.33
2.5
2.77
1.54
-0.04
- -
5.99
8.02
9.22
4.92
Return on Invested Capital (%)
6.05
4.77
3.35
2.44
1.58
2.18
3.8
4.71
4.69
3.01
16.28
- -
11.34
9.7
10.75
6.27
Return on Capital (%)
8.76
7.08
4.36
3.53
1.92
3.12
5.69
7.19
7.41
4.29
28.7
16.71
13.59
11.68
13.8
8.89
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Working Capital

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.69%
7.07%
9.86%
Free Cash Flow
8.16%
12.89%
30.12%
Net Income, GAAP
72.36%
-9.26%
-31.17%
Sales/Revenue/Turnover
13.8%
24.64%
1.88%
Total Cash Common Dividend
23.08%
24.3%
25%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
134
2024
- -
- -
- -
- -
245
2025
- -
- -
- -
- -
249

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.31
2024
- -
- -
- -
- -
0.4
2025
- -
- -
- -
- -
0.27

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.1
2024
- -
- -
- -
- -
0.12
2025
- -
- -
- -
- -
0.15
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Business
Waterco Limited operates as a global manufacturer and distributor specializing in water treatment and aquatic products including swimming pool equipment, spa products, water filtration and sanitization systems, aquaculture supplies, and water purification solutions. Its core product portfolio comprises filtration systems, pumps, chemical sanitizers, solar pool heating, fibreglass and injection-molded components, residential and commercial water treatment systems, and pool and spa accessories. Founded in 1981 and headquartered in Sydney, Australia, Waterco serves residential, commercial, industrial, and aquaculture markets in over 40 countries with manufacturing, R&D, and distribution facilities across Australia, Malaysia, Indonesia, Singapore, China, New Zealand, the US, Canada, France, the UK, and the Middle East. In recent strategic developments, Waterco completed a significant acquisition of Davey Water Products in September 2023, a move that established it as the largest Australian-owned and operated entity in the global water industry. This acquisition enhances Waterco’s market presence, broadens its product offerings, and strengthens its distribution channels, particularly in North America, Europe, and emerging markets across Africa and the Middle East. More recently, Waterco announced the integration of Davey’s commercial teams with its own to leverage combined strengths and expand market reach. In addition, the company has invested in expanding manufacturing capabilities, including acquiring land for new facilities in Malaysia. It also issued new employee incentive securities in late 2025 as part of its growth and retention strategy. Waterco operates mainly in the industrial machinery manufacturing sector under the ticker WAT.AX on the Australian Stock Exchange and is recognized for its innovation in energy-efficient and environmentally sustainable water treatment technologies. Its targeted customer base spans from private residential pool owners to large commercial and industrial clients requiring reliable, safe, and healthy water solutions. Leadership remains under Founder, Executive Chairman, and CEO Soon Sinn Goh, who has overseen the company’s growth and continuous expansion in product innovation and geographic reach. The company holds a strong reputation for quality and reliability, supported by its extensive global footprint, diversified product range, and a strategic focus on technological advancements in water filtration and sanitization.