HAYWARD HOLDINGS INC (HAYW) Stock Fundamental Analysis
NYSE:HAYW - New York Stock Exchange, Inc. - US4212981009 - Common Stock - Currency: USD
Taking everything into account, HAYW scores 4 out of 10 in our fundamental rating. HAYW was compared to 40 industry peers in the Building Products industry. HAYW has an average financial health and profitability rating. While showing a medium growth rate, HAYW is valued expensive at the moment.
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.
HAYW had a positive operating cash flow in each of the past 5 years.
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.
HAYW has a worse Return On Equity (6.92%) than 65.00% of its industry peers.
The Return On Invested Capital of HAYW (5.78%) is worse than 70.00% of its industry peers.
The Average Return On Invested Capital over the past 3 years for HAYW is significantly below the industry average of 13.21%.
| Industry Rank | Sector 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%
1.3 Margins
The Profit Margin of HAYW (9.47%) is comparable to the rest of the industry.
In the last couple of years the Profit Margin of HAYW has grown nicely.
With a decent Operating Margin value of 19.49%, HAYW is doing good in the industry, outperforming 77.50% of the companies in the same industry.
In the last couple of years the Operating Margin of HAYW has grown nicely.
With an excellent Gross Margin value of 50.00%, HAYW belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
In the last couple of years the Gross Margin of HAYW has grown nicely.
| Industry Rank | Sector 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
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), HAYW is destroying value.
HAYW has more shares outstanding than it did 1 year ago.
The debt/assets ratio for HAYW has been reduced compared to a year ago.
2.2 Solvency
HAYW has an Altman-Z score of 2.26. 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 Altman-Z score of 2.26. This is in the lower half of the industry: HAYW underperforms 75.00% 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.
The Debt to FCF ratio of HAYW (4.50) is comparable to the rest of the industry.
HAYW has a Debt/Equity ratio of 0.70. This is a neutral value indicating HAYW is somewhat dependend on debt financing.
HAYW's Debt to Equity ratio of 0.70 is in line compared to the rest of the industry. HAYW outperforms 45.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.7 | ||
| Debt/FCF | 4.5 | ||
| Altman-Z | 2.26 |
ROIC/WACC0.55
WACC10.46%
2.3 Liquidity
A Current Ratio of 2.62 indicates that HAYW has no problem at all paying its short term obligations.
With a decent Current ratio value of 2.62, HAYW is doing good in the industry, outperforming 67.50% of the companies in the same industry.
A Quick Ratio of 1.69 indicates that HAYW should not have too much problems paying its short term obligations.
HAYW has a Quick ratio of 1.69. This is in the better half of the industry: HAYW outperforms 65.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.62 | ||
| Quick Ratio | 1.69 |
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.
The Revenue is expected to grow by 6.61% on average over the next years.
EPS Next Y17.35%
EPS Next 2Y16.06%
EPS Next 3Y16.26%
EPS Next 5Y13.6%
Revenue Next Year4.38%
Revenue Next 2Y4.67%
Revenue Next 3Y5.56%
Revenue Next 5Y6.61%
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
HAYW is valuated rather expensively with a Price/Earnings ratio of 23.75.
Based on the Price/Earnings ratio, HAYW is valued a bit more expensive than the industry average as 60.00% of the companies are valued more cheaply.
When comparing the Price/Earnings ratio of HAYW to the average of the S&P500 Index (29.62), we can say HAYW is valued inline with the index average.
A Price/Forward Earnings ratio of 19.23 indicates a rather expensive valuation of HAYW.
HAYW's Price/Forward Earnings is on the same level as the industry average.
When comparing the Price/Forward Earnings ratio of HAYW to the average of the S&P500 Index (22.70), we can say HAYW is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.75 | ||
| Fwd PE | 19.23 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of HAYW is on the same level as its industry peers.
HAYW's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. HAYW is cheaper than 72.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.12 | ||
| EV/EBITDA | 15.2 |
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 16.26% in the coming years.
PEG (NY)1.37
PEG (5Y)N/A
EPS Next 2Y16.06%
EPS Next 3Y16.26%
5. Dividend
5.1 Amount
No dividends for HAYW!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
14.25
-0.19 (-1.32%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryBuilding Products
Earnings (Last)
Earnings (Next)
Inst Owners92.78%
Inst Owner Change-90.67%
Ins Owners0.63%
Ins Owner Change-525.83%
Market Cap3.07B
Analysts73.33
Price Target16.58 (16.35%)
Short Float %4.41%
Short Ratio5.63
Dividend
| Industry Rank | Sector 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)-6.38%
PT rev (3m)-6.38%
EPS NQ rev (1m)0.8%
EPS NQ rev (3m)0.8%
EPS NY rev (1m)0.25%
EPS NY rev (3m)0.22%
Revenue NQ rev (1m)0.64%
Revenue NQ rev (3m)0.64%
Revenue NY rev (1m)0.19%
Revenue NY rev (3m)0.29%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.75 | ||
| Fwd PE | 19.23 | ||
| P/S | 3.06 | ||
| P/FCF | 14.12 | ||
| P/OCF | 12.61 | ||
| P/B | 2.24 | ||
| P/tB | N/A | ||
| EV/EBITDA | 15.2 |
EPS(TTM)0.6
EY4.21%
EPS(NY)0.74
Fwd EY5.2%
FCF(TTM)1.01
FCFY7.08%
OCF(TTM)1.13
OCFY7.93%
SpS4.66
BVpS6.37
TBVpS-2.87
PEG (NY)1.37
PEG (5Y)N/A
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 2.26 |
F-Score7
WACC10.46%
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 Y17.35%
EPS Next 2Y16.06%
EPS Next 3Y16.26%
EPS Next 5Y13.6%
Revenue 1Y (TTM)3.09%
Revenue growth 3Y4.27%
Revenue growth 5YN/A
Sales Q2Q%3.3%
Revenue Next Year4.38%
Revenue Next 2Y4.67%
Revenue Next 3Y5.56%
Revenue Next 5Y6.61%
EBIT growth 1Y21.64%
EBIT growth 3Y10.04%
EBIT growth 5YN/A
EBIT Next Year39.59%
EBIT Next 3Y19.46%
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