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LATHAM GROUP INC (SWIM) Stock Fundamental Analysis

NASDAQ:SWIM - Nasdaq - US51819L1070 - Common Stock

6.74  -0.04 (-0.59%)

After market: 6.74 0 (0%)

Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to SWIM. SWIM was compared to 30 industry peers in the Leisure Products industry. Both the profitability and the financial health of SWIM get a neutral evaluation. Nothing too spectacular is happening here. SWIM does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

SWIM had positive earnings in the past year.
In the past year SWIM had a positive cash flow from operations.
In multiple years SWIM reported negative net income over the last 5 years.
In the past 5 years SWIM always reported a positive cash flow from operatings.
SWIM Yearly Net Income VS EBIT VS OCF VS FCFSWIM Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 0 50M -50M 100M

1.2 Ratios

The Return On Assets of SWIM (1.34%) is better than 63.33% of its industry peers.
The Return On Equity of SWIM (2.74%) is better than 63.33% of its industry peers.
SWIM has a Return On Invested Capital (2.30%) which is comparable to the rest of the industry.
Industry RankSector Rank
ROA 1.34%
ROE 2.74%
ROIC 2.3%
ROA(3y)-2.93%
ROA(5y)-0.98%
ROE(3y)-6.57%
ROE(5y)-1.69%
ROIC(3y)N/A
ROIC(5y)N/A
SWIM Yearly ROA, ROE, ROICSWIM Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 0 5 -5 -10 -15

1.3 Margins

With a decent Profit Margin value of 2.23%, SWIM is doing good in the industry, outperforming 63.33% of the companies in the same industry.
SWIM has a better Operating Margin (4.35%) than 63.33% of its industry peers.
SWIM's Operating Margin has declined in the last couple of years.
SWIM has a Gross Margin (29.97%) which is comparable to the rest of the industry.
In the last couple of years the Gross Margin of SWIM has declined.
Industry RankSector Rank
OM 4.35%
PM (TTM) 2.23%
GM 29.97%
OM growth 3Y-33.97%
OM growth 5Y-10.58%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-8.63%
GM growth 5Y-3.67%
SWIM Yearly Profit, Operating, Gross MarginsSWIM Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 0 10 20 30

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4

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so SWIM is destroying value.
SWIM has about the same amout of shares outstanding than it did 1 year ago.
The debt/assets ratio for SWIM is higher compared to a year ago.
SWIM Yearly Shares OutstandingSWIM Yearly Shares OutstandingYearly Shares Outstanding 2019 2020 2021 2022 2023 20M 40M 60M 80M 100M
SWIM Yearly Total Debt VS Total AssetsSWIM Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2019 2020 2021 2022 2023 200M 400M 600M 800M

2.2 Solvency

SWIM has an Altman-Z score of 1.87. This is not the best score and indicates that SWIM is in the grey zone with still only limited risk for bankruptcy at the moment.
SWIM has a worse Altman-Z score (1.87) than 63.33% of its industry peers.
SWIM has a debt to FCF ratio of 4.43. This is a neutral value as SWIM would need 4.43 years to pay back of all of its debts.
SWIM has a Debt to FCF ratio of 4.43. This is comparable to the rest of the industry: SWIM outperforms 60.00% of its industry peers.
A Debt/Equity ratio of 0.68 indicates that SWIM is somewhat dependend on debt financing.
SWIM has a Debt to Equity ratio of 0.68. This is in the lower half of the industry: SWIM underperforms 60.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.68
Debt/FCF 4.43
Altman-Z 1.87
ROIC/WACC0.26
WACC8.81%
SWIM Yearly LT Debt VS Equity VS FCFSWIM Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2019 2020 2021 2022 2023 0 100M 200M 300M

2.3 Liquidity

A Current Ratio of 2.44 indicates that SWIM has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 2.44, SWIM is in line with its industry, outperforming 56.67% of the companies in the same industry.
A Quick Ratio of 1.60 indicates that SWIM should not have too much problems paying its short term obligations.
SWIM's Quick ratio of 1.60 is fine compared to the rest of the industry. SWIM outperforms 70.00% of its industry peers.
Industry RankSector Rank
Current Ratio 2.44
Quick Ratio 1.6
SWIM Yearly Current Assets VS Current LiabilitesSWIM Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2019 2020 2021 2022 2023 50M 100M 150M 200M 250M

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3

3. Growth

3.1 Past

SWIM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 127.27%, which is quite impressive.
SWIM shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -12.23%.
Measured over the past years, SWIM shows a quite strong growth in Revenue. The Revenue has been growing by 14.55% on average per year.
EPS 1Y (TTM)127.27%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-27.27%
Revenue 1Y (TTM)-12.23%
Revenue growth 3Y11.98%
Revenue growth 5Y14.55%
Sales Q2Q%-6.4%

3.2 Future

SWIM is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -2.22% yearly.
The Revenue is expected to decrease by -0.22% on average over the next years.
EPS Next Y-79.76%
EPS Next 2Y-33.21%
EPS Next 3Y-2.22%
EPS Next 5YN/A
Revenue Next Year-10.03%
Revenue Next 2Y-2.75%
Revenue Next 3Y-0.22%
Revenue Next 5YN/A

3.3 Evolution

The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
SWIM Yearly Revenue VS EstimatesSWIM Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 200M 400M 600M
SWIM Yearly EPS VS EstimatesSWIM Yearly EPS VS EstimatesYearly EPS VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6

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2

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 26.96, which means the current valuation is very expensive for SWIM.
Compared to the rest of the industry, the Price/Earnings ratio of SWIM is on the same level as its industry peers.
When comparing the Price/Earnings ratio of SWIM to the average of the S&P500 Index (27.96), we can say SWIM is valued inline with the index average.
Based on the Price/Forward Earnings ratio of 71.96, the valuation of SWIM can be described as expensive.
63.33% of the companies in the same industry are cheaper than SWIM, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 24.11. SWIM is valued rather expensively when compared to this.
Industry RankSector Rank
PE 26.96
Fwd PE 71.96
SWIM Price Earnings VS Forward Price EarningsSWIM Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of SWIM is on the same level as its industry peers.
76.67% of the companies in the same industry are more expensive than SWIM, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 12.06
EV/EBITDA 15.42
SWIM Per share dataSWIM EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 2 3 4

4.3 Compensation for Growth

A cheap valuation may be justified as SWIM's earnings are expected to decrease with -2.22% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-33.21%
EPS Next 3Y-2.22%

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0

5. Dividend

5.1 Amount

No dividends for SWIM!.
Industry RankSector Rank
Dividend Yield N/A

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LATHAM GROUP INC

NASDAQ:SWIM (1/17/2025, 8:00:01 PM)

After market: 6.74 0 (0%)

6.74

-0.04 (-0.59%)

Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryLeisure Products
Earnings (Last)11-05 2024-11-05/amc
Earnings (Next)N/A N/A
Inst Owners72.22%
Inst Owner Change0%
Ins Owners8.78%
Ins Owner Change-0.37%
Market Cap779.28M
Analysts80
Price Target7.23 (7.27%)
Short Float %3.86%
Short Ratio5.04
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly Dividend0
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)174.77%
Min EPS beat(2)20.66%
Max EPS beat(2)328.87%
EPS beat(4)4
Avg EPS beat(4)147.44%
Min EPS beat(4)20.66%
Max EPS beat(4)328.87%
EPS beat(8)6
Avg EPS beat(8)76.75%
EPS beat(12)9
Avg EPS beat(12)84.99%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-1.96%
Min Revenue beat(2)-3.12%
Max Revenue beat(2)-0.8%
Revenue beat(4)2
Avg Revenue beat(4)1.27%
Min Revenue beat(4)-3.12%
Max Revenue beat(4)6.87%
Revenue beat(8)5
Avg Revenue beat(8)2.42%
Revenue beat(12)7
Avg Revenue beat(12)1.61%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)10.43%
PT rev (3m)32.03%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-23.81%
EPS NY rev (1m)0%
EPS NY rev (3m)-56.14%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-5.61%
Revenue NY rev (1m)-0.04%
Revenue NY rev (3m)-1.18%
Valuation
Industry RankSector Rank
PE 26.96
Fwd PE 71.96
P/S 1.52
P/FCF 12.06
P/OCF 9.34
P/B 1.87
P/tB N/A
EV/EBITDA 15.42
EPS(TTM)0.25
EY3.71%
EPS(NY)0.09
Fwd EY1.39%
FCF(TTM)0.56
FCFY8.29%
OCF(TTM)0.72
OCFY10.7%
SpS4.43
BVpS3.6
TBVpS-0.33
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 1.34%
ROE 2.74%
ROCE 2.92%
ROIC 2.3%
ROICexc 2.5%
ROICexgc 7.05%
OM 4.35%
PM (TTM) 2.23%
GM 29.97%
FCFM 12.62%
ROA(3y)-2.93%
ROA(5y)-0.98%
ROE(3y)-6.57%
ROE(5y)-1.69%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3Y-46.43%
ROICexcg growth 5YN/A
ROICexc growth 3Y-32.41%
ROICexc growth 5YN/A
OM growth 3Y-33.97%
OM growth 5Y-10.58%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-8.63%
GM growth 5Y-3.67%
F-Score6
Asset Turnover0.6
Health
Industry RankSector Rank
Debt/Equity 0.68
Debt/FCF 4.43
Debt/EBITDA 4.31
Cap/Depr 43.41%
Cap/Sales 3.67%
Interest Coverage 0.8
Cash Conversion 127.24%
Profit Quality 565.69%
Current Ratio 2.44
Quick Ratio 1.6
Altman-Z 1.87
F-Score6
WACC8.81%
ROIC/WACC0.26
Cap/Depr(3y)87.63%
Cap/Depr(5y)72.94%
Cap/Sales(3y)5.17%
Cap/Sales(5y)4.42%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)127.27%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-27.27%
EPS Next Y-79.76%
EPS Next 2Y-33.21%
EPS Next 3Y-2.22%
EPS Next 5YN/A
Revenue 1Y (TTM)-12.23%
Revenue growth 3Y11.98%
Revenue growth 5Y14.55%
Sales Q2Q%-6.4%
Revenue Next Year-10.03%
Revenue Next 2Y-2.75%
Revenue Next 3Y-0.22%
Revenue Next 5YN/A
EBIT growth 1Y364.25%
EBIT growth 3Y-26.06%
EBIT growth 5Y2.44%
EBIT Next Year303.83%
EBIT Next 3Y72.17%
EBIT Next 5YN/A
FCF growth 1Y356.02%
FCF growth 3Y21.05%
FCF growth 5YN/A
OCF growth 1Y777.88%
OCF growth 3Y22.59%
OCF growth 5YN/A