SWIM Stock Analysis: Latham | NASDAQ
Building Products & Equipment | NASDAQ, USA | Market Cap: 695m USD | 12M Return: -7.5% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 4.71M
Qual. Beats: 0
Rev. Trend: -52.6%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 5.2 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Latham Group, Inc. (NASDAQ: SWIM) designs, manufactures, and markets in-ground residential swimming pools across North America, Australia, and New Zealand. Its product line includes fiberglass and packaged pools, automatic safety and all-season pool covers, and liners. Fiberglass pools typically offer faster installation and lower long-term maintenance than poured concrete alternatives, a key competitive feature in the residential pool market.
The company distributes through a two-step model, supplying dealers and distributors who resell to homeowners under the Latham, The Pool Company master brand and its Narellan, CoverStar, Radiant, and GLI sub-brands. Founded in 1956 and headquartered in Latham, New York, the firm was previously known as Latham Topco, Inc. before renaming in March 2021 and IPOing on NASDAQ the following month. Within GICS, it sits in the Industrials sector, specifically the Industrial Machinery & Supplies & Components sub-industry.
- New housing starts decline pressures in-ground pool installations
- Resin and raw material cost inflation compresses fiberglass pool margins
- Elevated interest rates weaken consumer discretionary pool spending
| Net Income: 8.55m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA -1.60 > 1.0 |
| NWC/Revenue: 19.50% < 20% (prev 25.23%; Δ -5.73% < -1%) |
| CFO/TA 0.06 > 3% & CFO 50.6m > Net Income 8.55m |
| Net Debt (290.0m) to EBITDA (88.4m): 3.28 < 3 |
| Current Ratio: 1.88 > 1.5 & < 3 |
| Outstanding Shares: last quarter (116.9m) vs 12m ago 0.87% < -2% |
| Gross Margin: 33.77% > 18% (prev 30.64%; Δ 3.14% > 0.5%) |
| Asset Turnover: 65.65% > 50% (prev 61.77%; Δ 3.89% > 0%) |
| Interest Coverage Ratio: 1.50 > 6 (EBIT TTM 36.4m / Interest Expense TTM 24.2m) |
| A: 0.13 (Total Current Assets 229.9m - Total Current Liabilities 122.3m) / Total Assets 856.4m |
| B: -0.08 (Retained Earnings -72.2m / Total Assets 856.4m) |
| C: 0.04 (EBIT TTM 36.4m / Avg Total Assets 840.5m) |
| D: 0.86 (Book Value of Equity 396.7m / Total Liabilities 459.7m) |
| Altman-Z'' = 1.75 = BBB |
| DSRI: 1.04 (Receivables 104.4m/92.3m, Revenue 551.8m/509.3m) |
| GMI: 0.91 (GM 30.64% / 33.77%) |
| AQI: 0.93 (AQ_t 0.54 / AQ_t-1 0.57) |
| SGI: 1.08 (Revenue 551.8m / 509.3m) |
| TATA: -0.05 (NI 8.55m - CFO 50.6m) / TA 856.4m) |
| Beneish M = -3.06 (Cap -4..+1) = AA |
As of July 15, 2026, the stock is trading at USD 6.06 with a total of 711,317 shares traded. Over the past week, the price has changed by +2.54%, over one month by +11.19%, over three months by +2.36% and over the past year by -7.48%.
Current recommended Stop Loss: 5.70 (which is 5.9% or 1.2 ATR below the current price).
Latham has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy SWIM.
- StrongBuy: 5
- Buy: 0
- Hold: 1
- Sell: 2
- StrongSell: 0
| Analysts Target Price | 8.1 | 34.3% |
P/E Trailing = 84.5714
P/S = 1.2596
P/B = 1.8202
Revenue TTM = 551.8m USD
EBIT TTM = 36.4m USD
EBITDA TTM = 88.4m USD
Long Term Debt = 277.0m USD (from longTermDebt, last quarter)
Short Term Debt = 10.0m USD (from shortTermDebt, last quarter)
Debt = 317.4m USD (corrected: LT Debt 277.0m + ST Debt 10.0m) + Leases 30.4m
Net Debt = 290.0m USD (calculated: Debt 317.4m - CCE 27.5m)
Enterprise Value = 985.0m USD (695.1m + Debt 317.4m - CCE 27.5m)
Interest Coverage Ratio = 1.50 (Ebit TTM 36.4m / Interest Expense TTM 24.2m)
EV/FCF = 54.25x (Enterprise Value 985.0m / FCF TTM 18.2m)
FCF Yield = 1.84% (FCF TTM 18.2m / Enterprise Value 985.0m)
FCF Margin = 3.29% (FCF TTM 18.2m / Revenue TTM 551.8m)
Net Margin = 1.55% (Net Income TTM 8.55m / Revenue TTM 551.8m)
Gross Margin = 33.77% ((Revenue TTM 551.8m - Cost of Revenue TTM 365.4m) / Revenue TTM)
Gross Margin QoQ = 31.67% (prev 27.95%)
Tobins Q-Ratio = 1.15 (Enterprise Value 985.0m / Total Assets 856.4m)
Interest Expense / Debt = 7.62% (Interest Expense 24.2m / Debt 317.4m)
Taxrate = 29.84% (3.64m / 12.2m)
NOPAT = 25.5m (EBIT 36.4m * (1 - 29.84%))
Current Ratio = 1.88 (Total Current Assets 229.9m / Total Current Liabilities 122.3m)
Debt / Equity = 0.80 (Debt 317.4m / totalStockholderEquity, last quarter 396.7m)
Debt / EBITDA = 3.28 (Net Debt 290.0m / EBITDA 88.4m)
Debt / FCF = 15.97 (Net Debt 290.0m / FCF TTM 18.2m)
Total Stockholder Equity = 402.3m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.02% (Net Income 8.55m / Total Assets 856.4m)
RoE = 2.13% (Net Income TTM 8.55m / Total Stockholder Equity 402.3m)
RoCE = 5.36% (EBIT 36.4m / Capital Employed (Equity 402.3m + L.T.Debt 277.0m))
RoIC = 3.56% (NOPAT 25.5m / Invested Capital 716.7m)
WACC = 8.62% (E(695.1m)/V(1.01b) * Re(10.12%) + D(317.4m)/V(1.01b) * Rd(7.62%) * (1-Tc(0.30)))
Discount Rate = 10.12% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 49.49 | Cagr: 0.80%
[DCF] Terminal Value 72.08% ; FCFF base≈23.2m ; Y1≈20.3m ; Y5≈16.4m
[DCF] Fair Price = N/A (negative equity: EV 252.2m - Net Debt 290.0m = -37.7m; debt exceeds intrinsic value)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.0 | # QB: 0
Revenue Correlation: -52.60 | Revenue CAGR: -3.32% | SUE: -0.32 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.15 | Chg30d=-1.02% | Revisions=-17% | Analysts=5
EPS next Quarter (2026-09-30): EPS=0.15 | Chg30d=+5.28% | Revisions=+62% | Analysts=5
EPS current Year (2026-12-31): EPS=0.21 | Chg30d=+9.78% | Revisions=+50% | GrowthEPS=+33.1% | GrowthRev=+8.2%
EPS next Year (2027-12-31): EPS=0.27 | Chg30d=-0.62% | Revisions=+29% | GrowthEPS=+30.3% | GrowthRev=+6.5%
[Analyst] Revisions Ratio: +50% (up=12, down=3)