(HAYW) Hayward Holdings - NYSE
Sector: Industrials | Industry: Electrical Equipment & Parts | Exchange: NYSE (USA) | Market Cap: 3.213m USD | Total Return: 19.5% in 12m
Avg Turnover: 32.3M
EPS Trend: 97.1%
Qual. Beats: 6
Rev. Trend: 95.0%
Qual. Beats: 7
Warnings
Tailwinds
Seasonality
Hayward Holdings (NYSE: HAYW) is a global designer, manufacturer, and marketer of pool equipment and automation systems, serving customers in North America, Europe, and other international markets. Its product portfolio spans pumps, filters, robotic and suction/pressure cleaners, salt chlorine generators, heaters, lighting, safety equipment, and in-floor cleaning systems. The company distributes through specialty distributors, retailers, pool builders, and buying groups, and has been in operation since 1925, with its corporate headquarters in Charlotte, North Carolina.
Operating within the Consumer Discretionary sector (Leisure Products sub-industry), Haywards business model is tied to the installed base of residential and commercial swimming pools, with demand influenced by new pool construction, renovation cycles, and replacement of legacy equipment. The growing share of connected and energy-efficient products-such as variable-speed pumps, heat pumps, and salt-based sanitization-reflects a broader industry shift toward smart pool automation and lower operating costs for end users.
- New pool installations decline with higher mortgage rates
- Energy-efficient heat pump demand drives product mix shift
- Channel destocking weighs on near-term pricing power
| Net Income: 160.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA -6.13 > 1.0 |
| NWC/Revenue: 57.25% < 20% (prev 44.87%; Δ 12.38% < -1%) |
| CFO/TA 0.03 > 3% & CFO 109.7m > Net Income 160.6m |
| Net Debt (791.6m) to EBITDA (312.8m): 2.53 < 3 |
| Current Ratio: 3.26 > 1.5 & < 3 |
| Outstanding Shares: last quarter (222.4m) vs 12m ago 0.26% < -2% |
| Gross Margin: 45.02% > 18% (prev 47.83%; Δ -2.82% > 0.5%) |
| Asset Turnover: 37.53% > 50% (prev 35.78%; Δ 1.75% > 0%) |
| Interest Coverage Ratio: 4.26 > 6 (EBIT TTM 256.2m / Interest Expense TTM 60.1m) |
| A: 0.21 (Total Current Assets 948.3m - Total Current Liabilities 290.8m) / Total Assets 3.14b |
| B: 0.28 (Retained Earnings 874.5m / Total Assets 3.14b) |
| C: 0.08 (EBIT TTM 256.2m / Avg Total Assets 3.06b) |
| D: 1.06 (Book Value of Equity 1.61b / Total Liabilities 1.52b) |
| Altman-Z'' = 3.96 = AA |
| DSRI: 1.36 (Receivables 430.9m/295.1m, Revenue 1.15b/1.07b) |
| GMI: 1.06 (GM 47.83% / 45.02%) |
| AQI: 0.91 (AQ_t 0.63 / AQ_t-1 0.69) |
| SGI: 1.08 (Revenue 1.15b / 1.07b) |
| TATA: 0.02 (NI 160.6m - CFO 109.7m) / TA 3.14b) |
| Beneish M = -2.67 (Cap -4..+1) = A |
As of June 29, 2026, the stock is trading at USD 16.49 with a total of 2,145,111 shares traded. Over the past week, the price has changed by +9.93%, over one month by +16.87%, over three months by +25.69% and over the past year by +19.49%.
Current recommended Stop Loss: 15.80 (which is 4.2% or 1.4 ATR below the current price).
Hayward Holdings has received a consensus analysts rating of 3.40. Therefore, it is recommended to hold HAYW.
- StrongBuy: 2
- Buy: 1
- Hold: 6
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 17.3 | 5% |
P/E Trailing = 20.2877
P/E Forward = 17.6367
P/S = 2.7977
P/B = 1.9936
P/EG = 1.6953
Revenue TTM = 1.15b USD
EBIT TTM = 256.2m USD
EBITDA TTM = 312.8m USD
Long Term Debt = 942.8m USD (from longTermDebt, last quarter)
Short Term Debt = 20.5m USD (from shortTermDebt, last quarter)
Debt = 1.02b USD (from shortLongTermDebtTotal, last quarter) + Leases 9.45m
Net Debt = 791.6m USD (calculated: Debt 1.02b - CCE 230.7m)
Enterprise Value = 4.00b USD (3.21b + Debt 1.02b - CCE 230.7m)
Interest Coverage Ratio = 4.26 (Ebit TTM 256.2m / Interest Expense TTM 60.1m)
EV/FCF = 49.75x (Enterprise Value 4.00b / FCF TTM 80.5m)
FCF Yield = 2.01% (FCF TTM 80.5m / Enterprise Value 4.00b)
FCF Margin = 7.01% (FCF TTM 80.5m / Revenue TTM 1.15b)
Net Margin = 13.98% (Net Income TTM 160.6m / Revenue TTM 1.15b)
Gross Margin = 45.02% ((Revenue TTM 1.15b - Cost of Revenue TTM 631.5m) / Revenue TTM)
Gross Margin QoQ = 44.02% (prev 38.77%)
Tobins Q-Ratio = 1.28 (Enterprise Value 4.00b / Total Assets 3.14b)
Interest Expense / Debt = 5.88% (Interest Expense 60.1m / Debt 1.02b)
Taxrate = 18.09% (35.5m / 196.1m)
NOPAT = 209.8m (EBIT 256.2m * (1 - 18.09%))
Current Ratio = 3.26 (Total Current Assets 948.3m / Total Current Liabilities 290.8m)
Debt / Equity = 0.63 (Debt 1.02b / totalStockholderEquity, last quarter 1.61b)
Debt / EBITDA = 2.53 (Net Debt 791.6m / EBITDA 312.8m)
Debt / FCF = 9.83 (Net Debt 791.6m / FCF TTM 80.5m)
Total Stockholder Equity = 1.56b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.25% (Net Income 160.6m / Total Assets 3.14b)
RoE = 10.32% (Net Income TTM 160.6m / Total Stockholder Equity 1.56b)
RoCE = 10.25% (EBIT 256.2m / Capital Employed (Equity 1.56b + L.T.Debt 942.8m))
RoIC = 7.47% (NOPAT 209.8m / Invested Capital 2.81b)
WACC = 8.94% (E(3.21b)/V(4.24b) * Re(10.25%) + D(1.02b)/V(4.24b) * Rd(5.88%) * (1-Tc(0.18)))
Discount Rate = 10.25% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 82.22 | Cagr: 0.32%
[DCF] Terminal Value 70.92% ; FCFF base≈152.1m ; Y1≈133.4m ; Y5≈107.8m
[DCF] Fair Price = 3.62 (EV 1.58b - Net Debt 791.6m = Equity 785.0m / Shares 217.0m; r=8.94% [WACC]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 97.14 | EPS CAGR: 20.56% | SUE: 3.95 | # QB: 6
Revenue Correlation: 95.03 | Revenue CAGR: 6.10% | SUE: 1.89 | # QB: 7
EPS current Quarter (2026-06-30): EPS=0.25 | Chg30d=+0.00% | Revisions=-33% | Analysts=9
EPS next Quarter (2026-09-30): EPS=0.16 | Chg30d=+0.00% | Revisions=+50% | Analysts=9
EPS current Year (2026-12-31): EPS=0.86 | Chg30d=-0.15% | Revisions=+57% | GrowthEPS=+11.3% | GrowthRev=+5.2%
EPS next Year (2027-12-31): EPS=0.96 | Chg30d=-0.04% | Revisions=+33% | GrowthEPS=+11.5% | GrowthRev=+5.8%
[Analyst] Revisions Ratio: +57%