Waterco (WAT.AX) Stock Price

Waterco Price

ASX·CLOSED
5.00AUD-0.01 (-0.20 %)
Market closed

Over the last 19 years Waterco grew revenue by 5.7% annually, reaching 254.93 M AUD. Earnings per share have grown at 2.0% per year over the last 19 years. For Waterco, the net margin of 3.8% is down versus 10.8% a few years ago. At today's price the dividend yield works out to roughly 4.29%. The payout ratio is around 79% of earnings. The stock trades about 4% above its 52-week low.

Waterco stock price

Volume
Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Waterco over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Waterco stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Waterco's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Waterco Stock Price History
DateWaterco Price
7/13/20265.00 AUD
7/10/20265.01 AUD
7/9/20265.01 AUD
7/8/20265.01 AUD
7/7/20265.20 AUD
7/6/20265.20 AUD
7/3/20265.10 AUD
7/2/20265.01 AUD
7/1/20265.01 AUD
6/30/20265.01 AUD
6/29/20265.01 AUD
6/26/20265.20 AUD
6/25/20265.20 AUD
6/24/20265.19 AUD
6/23/20265.13 AUD
6/22/20265.13 AUD
6/19/20265.15 AUD
6/18/20265.13 AUD
6/17/20265.13 AUD
6/16/20265.13 AUD
6/15/20265.13 AUD
6/12/20265.13 AUD
6/11/20265.13 AUD
6/10/20265.13 AUD
6/9/20265.13 AUD
6/5/20265.13 AUD
6/4/20265.13 AUD
6/3/20265.13 AUD
6/2/20265.15 AUD
6/1/20265.12 AUD
5/29/20265.12 AUD
5/28/20265.12 AUD
5/27/20265.10 AUD
5/26/20265.45 AUD
5/25/20265.45 AUD
5/22/20265.45 AUD
5/21/20265.45 AUD
5/20/20265.46 AUD
5/19/20265.47 AUD
5/18/20265.47 AUD
5/15/20265.46 AUD
5/14/20265.45 AUD
5/13/20265.45 AUD
5/12/20265.45 AUD
5/11/20265.45 AUD
5/8/20265.45 AUD
5/7/20265.45 AUD
5/6/20265.45 AUD
5/5/20265.45 AUD
5/4/20265.45 AUD
5/1/20265.45 AUD
4/30/20265.45 AUD
4/29/20265.44 AUD
4/28/20265.44 AUD
4/27/20265.15 AUD
4/24/20265.15 AUD
4/23/20265.15 AUD
4/22/20265.13 AUD
4/21/20265.13 AUD
4/20/20265.12 AUD
4/17/20265.50 AUD
4/16/20265.50 AUD
4/15/20265.59 AUD
4/14/20265.59 AUD
4/13/20265.59 AUD
4/10/20265.72 AUD
4/9/20265.71 AUD
4/8/20265.71 AUD
4/7/20265.71 AUD
4/2/20265.70 AUD
3/25/20265.62 AUD
3/24/20265.54 AUD
3/23/20265.49 AUD
3/17/20265.05 AUD
3/10/20264.90 AUD
3/9/20264.92 AUD
3/5/20265.00 AUD
3/4/20265.00 AUD
2/27/20265.00 AUD
2/26/20265.07 AUD
2/25/20265.09 AUD
2/24/20265.11 AUD
2/18/20265.17 AUD
2/16/20265.17 AUD
2/11/20265.17 AUD
2/9/20265.15 AUD
2/6/20265.36 AUD
2/5/20265.35 AUD
2/2/20265.36 AUD
1/30/20265.37 AUD
1/28/20265.02 AUD
1/27/20265.26 AUD
1/20/20265.28 AUD
1/19/20265.33 AUD
1/16/20265.34 AUD
1/15/20265.13 AUD
1/14/20265.10 AUD
1/12/20265.09 AUD
1/8/20265.00 AUD
1/7/20265.00 AUD
1/5/20264.90 AUD
1/2/20264.92 AUD
12/30/20255.07 AUD
12/24/20255.08 AUD
12/23/20255.08 AUD
12/19/20255.10 AUD
12/18/20255.10 AUD
12/17/20255.00 AUD
12/15/20254.95 AUD
12/12/20254.90 AUD
12/8/20254.96 AUD
12/5/20254.91 AUD
12/1/20254.90 AUD
11/26/20255.00 AUD
11/18/20255.00 AUD
11/17/20254.90 AUD
11/14/20254.79 AUD
11/13/20254.95 AUD
11/10/20254.95 AUD
11/7/20254.95 AUD
11/6/20254.95 AUD
11/5/20254.95 AUD
11/4/20255.09 AUD
10/31/20255.11 AUD
10/30/20255.11 AUD
10/29/20255.46 AUD
10/28/20255.47 AUD
10/27/20255.47 AUD
10/24/20255.35 AUD
10/23/20255.24 AUD
10/22/20255.62 AUD
10/21/20255.40 AUD
10/20/20255.25 AUD
10/17/20255.25 AUD
10/15/20255.30 AUD
10/14/20255.30 AUD
10/13/20255.30 AUD
10/10/20255.30 AUD
10/9/20255.29 AUD
10/8/20255.29 AUD
10/7/20255.45 AUD
10/3/20255.49 AUD
10/2/20255.60 AUD
10/1/20255.60 AUD
9/30/20255.50 AUD
9/25/20255.70 AUD
9/23/20255.99 AUD
9/22/20256.06 AUD
9/19/20256.26 AUD
9/18/20256.38 AUD
9/9/20256.38 AUD
9/5/20256.40 AUD
9/2/20256.43 AUD
9/1/20256.44 AUD
8/29/20256.50 AUD
8/26/20256.64 AUD
8/25/20256.75 AUD
8/22/20256.75 AUD
8/20/20256.75 AUD
8/18/20256.80 AUD
8/15/20256.80 AUD
8/13/20256.80 AUD
8/12/20256.80 AUD
8/5/20256.80 AUD
8/4/20256.90 AUD
7/24/20256.90 AUD
7/23/20256.90 AUD
7/22/20256.90 AUD
7/21/20256.90 AUD
7/18/20256.90 AUD
7/17/20256.90 AUD
7/15/20256.90 AUD
Access this data via the Eulerpool API

Waterco Revenue, EBIT, Net Income

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Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2018
86.29 M AUD
5.18 M AUD
3.85 M AUD
Jan 1, 2019
88.24 M AUD
5.31 M AUD
2.24 M AUD
Jan 1, 2020
98.47 M AUD
4.89 M AUD
17.66 M AUD
Jan 1, 2021
118.38 M AUD
9.50 M AUD
12.76 M AUD
Jan 1, 2022
128.14 M AUD
15.27 M AUD
11.64 M AUD
Jan 1, 2023
134.00 M AUD
14.64 M AUD
10.85 M AUD
Jan 1, 2024
244.85 M AUD
22.32 M AUD
13.91 M AUD
Jan 1, 2025
254.93 M AUD
19.31 M AUD
9.57 M AUD

Waterco Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jul 14, 2026, 10:29 AM
 
REVENUEM AUD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEM AUD
NET INCOMEM AUD
NET INCOME GROWTH%
DIV.AUD
DIV. GROWTH%
SHARESM
2010201120122013201420152016201720182019202020212022202320242025
71.0068.0066.0068.0077.0088.0081.0082.0086.0088.0098.00118.00128.00133.00244.00254.00
-1.39-4.23-2.943.0313.2414.29-7.951.234.882.3311.3620.418.473.9183.464.10
46.4848.5346.9750.0045.4547.7345.6847.5650.0051.1451.0250.8550.7851.8849.1849.21
33.0033.0031.0034.0035.0042.0037.0039.0043.0045.0050.0060.0065.0069.00120.00125.00
3.003.002.001.001.002.003.003.002.0017.0012.0011.0010.0013.009.00
50.00-33.33-50.00100.0050.00-33.33750.00-29.41-8.33-9.0930.00-30.77
0.110.130.100.100.090.090.070.070.070.070.070.100.110.140.210.21
57.1418.18-23.08-10.00-22.2242.8610.0027.2750.00
30.0332.6833.4634.2234.9435.9736.8337.5737.2336.8735.8635.8235.6335.2935.1835.17
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Waterco generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Waterco retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Waterco's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Waterco has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Waterco's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Waterco stock margins

The Waterco margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Waterco. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Waterco.
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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2018
49.99 %
6.00 %
4.46 %
Jan 1, 2019
51.08 %
6.01 %
2.54 %
Jan 1, 2020
50.91 %
4.97 %
17.94 %
Jan 1, 2021
51.24 %
8.03 %
10.77 %
Jan 1, 2022
51.11 %
11.92 %
9.08 %
Jan 1, 2023
51.85 %
10.92 %
8.09 %
Jan 1, 2024
49.14 %
9.12 %
5.68 %
Jan 1, 2025
49.24 %
7.57 %
3.75 %

Waterco Stock Revenue, EBIT, Earnings per Share

The Waterco earnings per share therefore indicates how much revenue Waterco has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2018
2.32 AUD
0.14 AUD
0.10 AUD
Jan 1, 2019
2.39 AUD
0.14 AUD
0.06 AUD
Jan 1, 2020
2.75 AUD
0.14 AUD
0.49 AUD
Jan 1, 2021
3.30 AUD
0.27 AUD
0.36 AUD
Jan 1, 2022
3.60 AUD
0.43 AUD
0.33 AUD
Jan 1, 2023
3.80 AUD
0.41 AUD
0.31 AUD
Jan 1, 2024
6.96 AUD
0.63 AUD
0.40 AUD
Jan 1, 2025
7.25 AUD
0.55 AUD
0.27 AUD

Waterco business model & stock analysis

Waterco Ltd is an international company based in Australia that specializes in the manufacturing and distribution of water treatment and filtration products. The company was founded in 1981 by Lindsay McGrath, an expert in pool and water treatment products, and has since had a long history of successful business development. Business model: Waterco's business model is based on the development and manufacturing of products for pools, spas, and water treatment, as well as their distribution and service worldwide. The company utilizes various distribution channels such as retailers, specialty stores, and installation companies to sell its products. The focus is on a high-quality product range as well as comprehensive customer support and technical assistance. Different divisions: Waterco Ltd's portfolio includes several divisions: 1. Pool and spa equipment: This division specializes in the sale of products needed for the installation, maintenance, and repair of swimming pools and spas. The company offers a wide range of products, including filters, pumps, chlorine and pH regulation, skimmers, pool vacuums, and more. 2. Water treatment: Waterco's water treatment division is dedicated to the manufacturing of products that improve the quality of drinking water and reduce the presence of pollutants and contaminants. The product range includes water softeners, water filtration systems, and more. 3. Irrigation: The irrigation division of Waterco offers products that help effectively use water in horticulture to achieve maximum yields and optimal utilization of water resources. Products include nozzles, sprinklers, controllers, and other accessories for garden irrigation. 4. Commercial projects: Waterco also provides specialized solutions for commercial projects such as public swimming pools or water treatment facilities. The focus is on integrating quality, durability, and performance into products specifically designed for commercial use. Products: Waterco Ltd offers various types of filters, pumps, and control systems. The filter range includes sand filters, cartridge filters, and filter vessels. The pump options cater to different needs, including quiet, energy-efficient, programmable pumps, as well as pumps for specific applications or voltage requirements. Waterco's water treatment products include water softeners, UV and ozone generators, pH regulators, and other special solutions for drinking water and water treatment. The company also offers a range of products for the commercial sector, such as large reverse osmosis systems, cartridge filters for water treatment, and a wide selection of pumps for various applications. In conclusion, Waterco Ltd is an experienced and recognized provider of pool and water treatment products. The company has successfully established its position in the global market for water treatment and filtration and continually invests in research and innovation. Customers can expect a wide range of high-quality and reliable products, as well as long-term customer service and support.

Waterco SWOT Analysis

Strengths

Waterco Ltd possesses several strengths that contribute to its success in the market. These strengths include:

  • Strong brand reputation and recognition
  • Extensive product portfolio offering a wide range of water treatment solutions
  • Innovative and technologically advanced equipment
  • Established distribution network with global reach
  • Strong relationships with key suppliers and partners

Weaknesses

Despite its strengths, Waterco Ltd also faces certain weaknesses that pose challenges to its growth and competitiveness. These weaknesses include:

  • Relatively higher production costs compared to some competitors
  • Dependence on specific geographic markets, limiting market diversification
  • Limited brand awareness and market penetration in certain regions
  • Challenges in adapting to rapidly changing consumer preferences and environmental regulations

Opportunities

Waterco Ltd can capitalize on various opportunities in the market to further enhance its business. These opportunities include:

  • Increasing global demand for sustainable water treatment solutions
  • Expansion into emerging markets with growing pool and spa industries
  • Strategic partnerships and acquisitions to enhance product offerings and market reach
  • Advancements in technology for water treatment, providing new product development possibilities

Threats

Waterco Ltd faces certain threats that may impact its market position and profitability. These threats include:

  • Intense competition from larger and more established water treatment companies
  • Changing regulatory landscape and increasing compliance requirements
  • Economic downturns and fluctuations affecting consumer spending on pool and spa products
  • Rapid technological advancements leading to potential product obsolescence

Waterco Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Waterco historical P/E ratio, EBIT multiple, and P/S ratio

Waterco annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Waterco shares outstanding

The number of shares of Waterco was 35.17 M in 2025. This indicates how many shares Waterco is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
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Number of stocks
Details
Date
Number of stocks
Jan 1, 2018
37.23 M Stocks
Jan 1, 2019
36.87 M Stocks
Jan 1, 2020
35.86 M Stocks
Jan 1, 2021
35.82 M Stocks
Jan 1, 2022
35.63 M Stocks
Jan 1, 2023
35.29 M Stocks
Jan 1, 2024
35.18 M Stocks
Jan 1, 2025
35.17 M Stocks

Waterco Dividend History

35 years of dividend payments

YearAnnual DividendYoY ChangePayments
20250.21AUD 0.0%
Apr 15, 20250.10AUD 12.5%1/2
Oct 29, 20250.11AUD 14.3%2/2
20240.21AUD 50.0%
20230.14AUD 25.0%
20220.11AUD 14.3%
20210.10AUD 40.0%
20200.07AUD 0.0%
20190.07AUD 0.0%
20180.07AUD 0.0%
20170.07AUD 0.0%
20160.07AUD 0.0%

Waterco dividend history and estimates

In 2025, Waterco paid a dividend amounting to 0.21 AUD. Dividend means that Waterco distributes a portion of its profits to its owners.
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Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2018
0.07 AUD
0.00 AUD
Jan 1, 2019
0.07 AUD
0.00 AUD
Jan 1, 2020
0.07 AUD
0.00 AUD
Jan 1, 2021
0.10 AUD
0.00 AUD
Jan 1, 2022
0.11 AUD
0.00 AUD
Jan 1, 2023
0.14 AUD
0.00 AUD
Jan 1, 2024
0.21 AUD
0.00 AUD
Jan 1, 2025
0.21 AUD
0.00 AUD

Waterco dividend payout ratio

In 2025, Waterco had a payout ratio of 78.72%. The payout ratio indicates the percentage of the company's profits that Waterco distributes as dividends.
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  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2018
69.15 %
Jan 1, 2019
119.05 %
Jan 1, 2020
14.58 %
Jan 1, 2021
28.08 %
Jan 1, 2022
34.97 %
Jan 1, 2023
46.49 %
Jan 1, 2024
54.21 %
Jan 1, 2025
78.72 %
Price targets and forecasts for Waterco are not yet available.

Waterco shareholder structure

% Name
60.91561%
Goh (Soon Sinn)
Goh (Soon Sinn)
7.46134%
Acres Holdings Pty. Ltd.
Acres Holdings Pty. Ltd.
1.93762%
Goh (Soon Leong)
Goh (Soon Leong)
1.60017%
Goon (Swee Kheong)
Goon (Swee Kheong)
1.53592%
Goh (Weng Keong Bryan)
Goh (Weng Keong Bryan)
1.42183%
Goh (Christine)
Goh (Christine)

Waterco Executives and Management Board

SG

Mr. Soon Sinn Goh

Executive Chairman of the Board, Group Chief Executive Officer

Compensation505,641.00 AUD
BG

Mr. Bryan Goh

Chief Operating Officer, Executive Director

Compensation403,378.00 AUD
GD

Mr. Gerard Doumit

Chief Financial Officer, Joint Company Secretary

Compensation326,459.00 AUD
BH

Dr. Benjamin Hunt

Non-Executive Independent Director

Compensation71,251.00 AUD
PR

Prof. Judy Raper

Non-Executive Independent Director

Compensation71,251.00 AUD

Frequently asked questions about Waterco

Waterco Ltd operates through a diversified business model. The company is engaged in the manufacturing and distribution of water treatment products, including filtration systems, pool and spa equipment, chemicals, and accessories. With a focus on sustainability and innovation, Waterco Ltd strives to deliver high-quality solutions for residential, commercial, and industrial water treatment needs. By offering a wide range of products and services, the company aims to meet the diverse demands of its customers and maintain a strong market presence. As an industry leader, Waterco Ltd continuously enhances its product portfolio and strives for excellence in customer satisfaction.

All fundamentals and in-depth analysis of Waterco

Our stock analysis for Waterco stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Waterco. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.