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HAYWARD HOLDINGS INC (HAYW) Stock Fundamental Analysis

NYSE:HAYW - New York Stock Exchange, Inc. - US4212981009 - Common Stock

15.1  +0.16 (+1.07%)

After market: 15.1 0 (0%)

Fundamental Rating

4

Overall HAYW gets a fundamental rating of 4 out of 10. We evaluated HAYW against 40 industry peers in the Building Products industry. Both the profitability and the financial health of HAYW get a neutral evaluation. Nothing too spectacular is happening here. HAYW is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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5

1. Profitability

1.1 Basic Checks

HAYW had positive earnings in the past year.
HAYW had a positive operating cash flow in the past year.
Each year in the past 5 years HAYW has been profitable.
In the past 5 years HAYW always reported a positive cash flow from operatings.
HAYW Yearly Net Income VS EBIT VS OCF VS FCFHAYW Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2019 2020 2021 2022 2023 100M 200M 300M

1.2 Ratios

HAYW has a Return On Assets of 3.29%. This is in the lower half of the industry: HAYW underperforms 72.50% of its industry peers.
With a Return On Equity value of 6.92%, HAYW is not doing good in the industry: 65.00% of the companies in the same industry are doing better.
Looking at the Return On Invested Capital, with a value of 5.78%, HAYW is doing worse than 72.50% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for HAYW is significantly below the industry average of 13.18%.
Industry RankSector Rank
ROA 3.29%
ROE 6.92%
ROIC 5.78%
ROA(3y)4.31%
ROA(5y)2.99%
ROE(3y)9.81%
ROE(5y)7.13%
ROIC(3y)7.99%
ROIC(5y)6.26%
HAYW Yearly ROA, ROE, ROICHAYW Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2019 2020 2021 2022 2023 5 10

1.3 Margins

HAYW has a Profit Margin (9.47%) which is in line with its industry peers.
HAYW's Profit Margin has improved in the last couple of years.
HAYW has a better Operating Margin (19.49%) than 80.00% of its industry peers.
In the last couple of years the Operating Margin of HAYW has grown nicely.
HAYW has a better Gross Margin (50.00%) than 100.00% of its industry peers.
HAYW's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 19.49%
PM (TTM) 9.47%
GM 50%
OM growth 3Y5.53%
OM growth 5YN/A
PM growth 3Y18.02%
PM growth 5YN/A
GM growth 3Y1.95%
GM growth 5YN/A
HAYW Yearly Profit, Operating, Gross MarginsHAYW Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2019 2020 2021 2022 2023 10 20 30 40

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4

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), HAYW is destroying value.
Compared to 1 year ago, HAYW has more shares outstanding
The debt/assets ratio for HAYW has been reduced compared to a year ago.
HAYW Yearly Shares OutstandingHAYW Yearly Shares OutstandingYearly Shares Outstanding 2019 2020 2021 2022 2023 50M 100M 150M 200M
HAYW Yearly Total Debt VS Total AssetsHAYW Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2019 2020 2021 2022 2023 500M 1B 1.5B 2B 2.5B

2.2 Solvency

HAYW has an Altman-Z score of 2.32. This is not the best score and indicates that HAYW is in the grey zone with still only limited risk for bankruptcy at the moment.
HAYW has a worse Altman-Z score (2.32) than 77.50% of its industry peers.
HAYW has a debt to FCF ratio of 4.50. This is a neutral value as HAYW would need 4.50 years to pay back of all of its debts.
HAYW has a Debt to FCF ratio of 4.50. This is in the lower half of the industry: HAYW underperforms 60.00% of its industry peers.
HAYW has a Debt/Equity ratio of 0.70. This is a neutral value indicating HAYW is somewhat dependend on debt financing.
HAYW has a Debt to Equity ratio (0.70) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.7
Debt/FCF 4.5
Altman-Z 2.32
ROIC/WACC0.55
WACC10.52%
HAYW Yearly LT Debt VS Equity VS FCFHAYW Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2019 2020 2021 2022 2023 200M 400M 600M 800M 1B

2.3 Liquidity

HAYW has a Current Ratio of 2.62. This indicates that HAYW is financially healthy and has no problem in meeting its short term obligations.
HAYW's Current ratio of 2.62 is fine compared to the rest of the industry. HAYW outperforms 65.00% of its industry peers.
HAYW has a Quick Ratio of 1.69. This is a normal value and indicates that HAYW is financially healthy and should not expect problems in meeting its short term obligations.
HAYW's Quick ratio of 1.69 is fine compared to the rest of the industry. HAYW outperforms 65.00% of its industry peers.
Industry RankSector Rank
Current Ratio 2.62
Quick Ratio 1.69
HAYW Yearly Current Assets VS Current LiabilitesHAYW Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2019 2020 2021 2022 2023 200M 400M 600M

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6

3. Growth

3.1 Past

HAYW shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 30.43%, which is quite impressive.
The Earnings Per Share has been growing by 24.38% on average over the past years. This is a very strong growth
HAYW shows a small growth in Revenue. In the last year, the Revenue has grown by 3.09%.
The Revenue has been growing slightly by 4.27% on average over the past years.
EPS 1Y (TTM)30.43%
EPS 3Y24.38%
EPS 5YN/A
EPS Q2Q%22.22%
Revenue 1Y (TTM)3.09%
Revenue growth 3Y4.27%
Revenue growth 5YN/A
Sales Q2Q%3.3%

3.2 Future

Based on estimates for the next years, HAYW will show a quite strong growth in Earnings Per Share. The EPS will grow by 13.60% on average per year.
HAYW is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.61% yearly.
EPS Next Y17.06%
EPS Next 2Y18.26%
EPS Next 3Y18.16%
EPS Next 5Y13.6%
Revenue Next Year4.18%
Revenue Next 2Y5.57%
Revenue Next 3Y6.51%
Revenue Next 5Y6.61%

3.3 Evolution

Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
HAYW Yearly Revenue VS EstimatesHAYW Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 500M 1B
HAYW Yearly EPS VS EstimatesHAYW Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0.2 0.4 0.6 0.8 1

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3

4. Valuation

4.1 Price/Earnings Ratio

HAYW is valuated quite expensively with a Price/Earnings ratio of 25.17.
62.50% of the companies in the same industry are cheaper than HAYW, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of HAYW to the average of the S&P500 Index (27.96), we can say HAYW is valued inline with the index average.
With a Price/Forward Earnings ratio of 19.63, HAYW is valued on the expensive side.
Compared to the rest of the industry, the Price/Forward Earnings ratio of HAYW is on the same level as its industry peers.
When comparing the Price/Forward Earnings ratio of HAYW to the average of the S&P500 Index (24.11), we can say HAYW is valued inline with the index average.
Industry RankSector Rank
PE 25.17
Fwd PE 19.63
HAYW Price Earnings VS Forward Price EarningsHAYW Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

The rest of the industry has a similar Enterprise Value to EBITDA ratio as HAYW.
Based on the Price/Free Cash Flow ratio, HAYW is valued a bit cheaper than 70.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF 14.96
EV/EBITDA 15.8
HAYW Per share dataHAYW EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 -2 4 6

4.3 Compensation for Growth

The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
A more expensive valuation may be justified as HAYW's earnings are expected to grow with 18.16% in the coming years.
PEG (NY)1.47
PEG (5Y)N/A
EPS Next 2Y18.26%
EPS Next 3Y18.16%

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0

5. Dividend

5.1 Amount

HAYW does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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HAYWARD HOLDINGS INC

NYSE:HAYW (1/17/2025, 5:05:00 PM)

After market: 15.1 0 (0%)

15.1

+0.16 (+1.07%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryBuilding Products
Earnings (Last)10-29 2024-10-29/bmo
Earnings (Next)N/A N/A
Inst Owners91.33%
Inst Owner Change-0.01%
Ins Owners0.63%
Ins Owner Change-525.57%
Market Cap3.25B
Analysts74.67
Price Target17.7 (17.22%)
Short Float %4.5%
Short Ratio4.57
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)5.65%
Min EPS beat(2)3.59%
Max EPS beat(2)7.7%
EPS beat(4)3
Avg EPS beat(4)5.53%
Min EPS beat(4)-0.4%
Max EPS beat(4)11.25%
EPS beat(8)6
Avg EPS beat(8)7.66%
EPS beat(12)8
Avg EPS beat(12)3.98%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)-0.61%
Min Revenue beat(2)-1.33%
Max Revenue beat(2)0.11%
Revenue beat(4)2
Avg Revenue beat(4)-0.28%
Min Revenue beat(4)-1.33%
Max Revenue beat(4)0.4%
Revenue beat(8)5
Avg Revenue beat(8)0.28%
Revenue beat(12)7
Avg Revenue beat(12)0.04%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)10.96%
EPS NQ rev (1m)0%
EPS NQ rev (3m)10.53%
EPS NY rev (1m)0%
EPS NY rev (3m)2.99%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.89%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.29%
Valuation
Industry RankSector Rank
PE 25.17
Fwd PE 19.63
P/S 3.24
P/FCF 14.96
P/OCF 13.36
P/B 2.37
P/tB N/A
EV/EBITDA 15.8
EPS(TTM)0.6
EY3.97%
EPS(NY)0.77
Fwd EY5.09%
FCF(TTM)1.01
FCFY6.69%
OCF(TTM)1.13
OCFY7.48%
SpS4.66
BVpS6.37
TBVpS-2.87
PEG (NY)1.47
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 3.29%
ROE 6.92%
ROCE 7.4%
ROIC 5.78%
ROICexc 6.44%
ROICexgc 40.22%
OM 19.49%
PM (TTM) 9.47%
GM 50%
FCFM 21.68%
ROA(3y)4.31%
ROA(5y)2.99%
ROE(3y)9.81%
ROE(5y)7.13%
ROIC(3y)7.99%
ROIC(5y)6.26%
ROICexc(3y)8.56%
ROICexc(5y)6.66%
ROICexgc(3y)44.14%
ROICexgc(5y)39.61%
ROCE(3y)10.22%
ROCE(5y)8%
ROICexcg growth 3Y-15.72%
ROICexcg growth 5YN/A
ROICexc growth 3Y6.56%
ROICexc growth 5YN/A
OM growth 3Y5.53%
OM growth 5YN/A
PM growth 3Y18.02%
PM growth 5YN/A
GM growth 3Y1.95%
GM growth 5YN/A
F-Score7
Asset Turnover0.35
Health
Industry RankSector Rank
Debt/Equity 0.7
Debt/FCF 4.5
Debt/EBITDA 3.89
Cap/Depr 49.43%
Cap/Sales 2.59%
Interest Coverage 2.91
Cash Conversion 98.16%
Profit Quality 229%
Current Ratio 2.62
Quick Ratio 1.69
Altman-Z 2.32
F-Score7
WACC10.52%
ROIC/WACC0.55
Cap/Depr(3y)52.23%
Cap/Depr(5y)44.65%
Cap/Sales(3y)2.44%
Cap/Sales(5y)2.55%
Profit Quality(3y)125.29%
Profit Quality(5y)325.07%
High Growth Momentum
Growth
EPS 1Y (TTM)30.43%
EPS 3Y24.38%
EPS 5YN/A
EPS Q2Q%22.22%
EPS Next Y17.06%
EPS Next 2Y18.26%
EPS Next 3Y18.16%
EPS Next 5Y13.6%
Revenue 1Y (TTM)3.09%
Revenue growth 3Y4.27%
Revenue growth 5YN/A
Sales Q2Q%3.3%
Revenue Next Year4.18%
Revenue Next 2Y5.57%
Revenue Next 3Y6.51%
Revenue Next 5Y6.61%
EBIT growth 1Y21.64%
EBIT growth 3Y10.04%
EBIT growth 5YN/A
EBIT Next Year39.51%
EBIT Next 3Y20.14%
EBIT Next 5Y15.49%
FCF growth 1Y110.71%
FCF growth 3Y-8.16%
FCF growth 5YN/A
OCF growth 1Y81.78%
OCF growth 3Y-4.79%
OCF growth 5YN/A