(HAYW) Hayward Holdings - Overview
Sector: Industrials | Industry: Electrical Equipment & Parts | Exchange: NYSE (USA) | Market Cap: 3.055m USD | Total Return: -5% in 12m
Industry Rotation: +1.9
Avg Turnover: 46.9M
EPS Trend: 16.9%
Qual. Beats: 0
Rev. Trend: 2.8%
Qual. Beats: 6
Warnings
Choppy
Tailwinds
No distinct edge detected
Hayward Holdings, Inc. (HAYW) is a global manufacturer of residential and commercial pool equipment, specializing in automation systems, filtration, and water treatment solutions. Headquartered in Charlotte, North Carolina, the company operates through a multi-channel distribution network that includes specialty distributors, retailers, and professional pool builders.
The pool equipment industry is characterized by a significant installed base business model, where recurring revenue is generated through the maintenance, repair, and chemical treatment needs of existing pools. As a leader in the Leisure Products sector, Hayward focuses on energy-efficient technologies, such as variable-speed pumps and salt chlorine generators, to meet increasing regulatory and consumer demand for sustainable backyard solutions.
For a detailed breakdown of the companys valuation and historical performance, examine the data available on ValueRay.
- New pool construction rates decline amid elevated mortgage interest rates
- Aftermarket parts demand provides recurring revenue stability for existing pool base
- Smart technology adoption drives higher average selling prices for automation systems
- Raw material price volatility impacts manufacturing margins for pumps and filtration
- Consumer discretionary spending shifts affect luxury pool equipment upgrade cycles
| Net Income: 160.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA -6.11 > 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 (877.0m) to EBITDA (301.3m): 2.91 < 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 0.48%; Δ 4.45k% > 0.5%) |
| Asset Turnover: 37.53% > 50% (prev 35.78%; Δ 1.75% > 0%) |
| Interest Coverage Ratio: 4.07 > 6 (EBITDA TTM 301.3m / 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 244.7m / Avg Total Assets 3.06b) |
| D: 0.57 (Book Value of Equity 868.9m / Total Liabilities 1.52b) |
| Altman-Z'' Score: 3.42 = A |
| DSRI: 1.36 (Receivables 430.9m/295.1m, Revenue 1.15b/1.07b) |
| GMI: 1.06 (GM 45.02% / 47.83%) |
| 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-Score: -2.66 (Cap -4..+1) = A |
Over the past week, the price has changed by -6.58%, over one month by -6.97%, over three months by -17.35% and over the past year by -5.02%.
- StrongBuy: 2
- Buy: 1
- Hold: 6
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 17.2 | 26.4% |
P/E Forward = 17.3611
P/S = 2.6598
P/B = 1.9627
P/EG = 1.669
Revenue TTM = 1.15b USD
EBIT TTM = 244.7m USD
EBITDA TTM = 301.3m USD
Long Term Debt = 942.8m USD (from longTermDebt, last quarter)
Short Term Debt = 20.5m USD (from shortTermDebt, last quarter)
Debt = 1.01b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 877.0m USD (from netDebt column, last quarter)
Enterprise Value = 3.84b USD (3.05b + Debt 1.01b - CCE 230.7m)
Interest Coverage Ratio = 4.07 (Ebit TTM 244.7m / Interest Expense TTM 60.1m)
EV/FCF = 47.67x (Enterprise Value 3.84b / FCF TTM 80.5m)
FCF Yield = 2.10% (FCF TTM 80.5m / Enterprise Value 3.84b)
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 = 1.22 (Enterprise Value 3.84b / Total Assets 3.14b)
Interest Expense / Debt = 1.65% (Interest Expense 16.7m / Debt 1.01b)
Taxrate = 22.43% (6.75m / 30.1m)
NOPAT = 189.8m (EBIT 244.7m * (1 - 22.43%))
Current Ratio = 3.26 (Total Current Assets 948.3m / Total Current Liabilities 290.8m)
Debt / Equity = 0.63 (Debt 1.01b / totalStockholderEquity, last quarter 1.61b)
Debt / EBITDA = 2.91 (Net Debt 877.0m / EBITDA 301.3m)
Debt / FCF = 10.90 (Net Debt 877.0m / 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 = 9.79% (EBIT 244.7m / Capital Employed (Equity 1.56b + L.T.Debt 942.8m))
RoIC = 7.55% (NOPAT 189.8m / Invested Capital 2.52b)
WACC = 8.29% (E(3.05b)/V(4.07b) * Re(10.61%) + D(1.01b)/V(4.07b) * Rd(1.65%) * (1-Tc(0.22)))
Discount Rate = 10.61% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 0.12%
[DCF] Terminal Value 80.66% ; FCFF base≈151.9m ; Y1≈187.4m ; Y5≈319.7m
[DCF] Fair Price = 19.86 (EV 5.19b - Net Debt 877.0m = Equity 4.31b / Shares 217.0m; r=8.29% [WACC]; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: 16.91 | EPS CAGR: -19.26% | SUE: 0.20 | # QB: 0
Revenue Correlation: 2.83 | Revenue CAGR: -11.26% | SUE: 1.89 | # QB: 6
EPS current Quarter (2026-06-30): EPS=0.25 | Chg30d=-0.43% | Revisions=+0% | Analysts=9
EPS next Quarter (2026-09-30): EPS=0.16 | Chg30d=+2.24% | Revisions=+50% | Analysts=9
EPS current Year (2026-12-31): EPS=0.86 | Chg30d=+1.34% | Revisions=+50% | GrowthEPS=+11.3% | GrowthRev=+5.3%
EPS next Year (2027-12-31): EPS=0.95 | Chg30d=+1.48% | Revisions=+33% | GrowthEPS=+11.0% | GrowthRev=+5.6%
[Analyst] Revisions Ratio: +50%