Another recent share purchase - Comfort Systems (FIX)

I have recently bought shares in Comfort Systems (FIX) on Trading 212 for £500...

Here is a Motley Fool description:

Shares of Comfort Systems have been on an absolute tear over the past five years, returning 1,280%, equal to a mind-boggling 69% compound annualized rate. Over the last 12 months alone, the stock has returned 128%. Demand for Comfort Systems’ mechanical and electrical services hasn’t been this high since its founding more than a century ago.

On the financial side, its quarterly revenue surpassed $2 billion for the first time during the second quarter. Comfort Systems generated 85% of its revenue from new and existing building construction projects, and 40% of its sales came from customers in the technology sector, due in part to the host of data centers being built around the country. Comfort sees greater profit margins from its tech sector customers than it does from clients operating in other industries.

Currently, the company has a backlog of more than 9,000 projects with an aggregate contracted price value of over $18.5 billion -- revenue it should realize over the next several years.

However, investors must understand that construction projects are inherently cyclical and subject to business cycle fluctuations.

Trading recently at a price-to-earnings ratio of 37 and a price-to-book ratio of nearly 13, Comfort Systems’ shares look richly valued. While these numbers may be justified since its return on equity (ROE) currently stands at 40%, it’s not a very sustainable number, given that the ROE was just 25% (not a bad number in itself) just a year ago.

It seems to me that AI Data centers and small nuclear reactors are two growth areas for the next decade, especially in the USA. Shares in FIX have gained 35% in the last month and 133% in the last year.

The financials look amazing and most give it a BUY rating. It's price is quite high at the moment and may have another 10% to go in the next 6 months. If there is a dip in share price next week, it may be a good time for me to buy more.

P.S. Ex-dividend date is Aug 14th (0.22%) so shares price may dip tomorrow.

P.P.S. SOFI seems to be doing well today!

Please note: I am not an expert in share dealing, just an average bod on the internet. Please do you own research on any shares I mention.