ZURN ELKAY WATER SOLUTIONS C (ZWS) Fundamental Analysis & Valuation

NYSE:ZWS • US98983L1089

47.29 USD
-0.1 (-0.21%)
At close: Mar 9, 2026
47.29 USD
0 (0%)
After Hours: 3/9/2026, 8:04:00 PM

This ZWS fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

6

We assign a fundamental rating of 6 out of 10 to ZWS. ZWS was compared to 42 industry peers in the Building Products industry. ZWS gets an excellent profitability rating and is at the same time showing great financial health properties. While showing a medium growth rate, ZWS is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

7

1. ZWS Profitability Analysis

1.1 Basic Checks

  • ZWS had positive earnings in the past year.
  • ZWS had a positive operating cash flow in the past year.
  • Each year in the past 5 years ZWS has been profitable.
  • Each year in the past 5 years ZWS had a positive operating cash flow.
ZWS Yearly Net Income VS EBIT VS OCF VS FCFZWS 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 2024 2025 100M 200M 300M

1.2 Ratios

  • ZWS has a Return On Assets of 7.39%. This is in the better half of the industry: ZWS outperforms 66.67% of its industry peers.
  • With a decent Return On Equity value of 12.35%, ZWS is doing good in the industry, outperforming 64.29% of the companies in the same industry.
  • ZWS has a Return On Invested Capital (9.05%) which is comparable to the rest of the industry.
  • The Average Return On Invested Capital over the past 3 years for ZWS is below the industry average of 11.92%.
  • The 3 year average ROIC (7.99%) for ZWS is below the current ROIC(9.05%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 7.39%
ROE 12.35%
ROIC 9.05%
ROA(3y)5.89%
ROA(5y)6.21%
ROE(3y)9.83%
ROE(5y)25.79%
ROIC(3y)7.99%
ROIC(5y)7.53%
ZWS Yearly ROA, ROE, ROICZWS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60 80

1.3 Margins

  • With a decent Profit Margin value of 11.68%, ZWS is doing good in the industry, outperforming 66.67% of the companies in the same industry.
  • ZWS's Profit Margin has improved in the last couple of years.
  • ZWS has a better Operating Margin (17.01%) than 69.05% of its industry peers.
  • ZWS's Operating Margin has been stable in the last couple of years.
  • The Gross Margin of ZWS (45.10%) is better than 92.86% of its industry peers.
  • ZWS's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 17.01%
PM (TTM) 11.68%
GM 45.1%
OM growth 3Y21.19%
OM growth 5Y0.12%
PM growth 3Y34.36%
PM growth 5Y7.82%
GM growth 3Y7.49%
GM growth 5Y2.66%
ZWS Yearly Profit, Operating, Gross MarginsZWS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40

8

2. ZWS Health Analysis

2.1 Basic Checks

  • ZWS has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • Compared to 1 year ago, ZWS has less shares outstanding
  • Compared to 5 years ago, ZWS has more shares outstanding
  • Compared to 1 year ago, ZWS has an improved debt to assets ratio.
ZWS Yearly Shares OutstandingZWS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M
ZWS Yearly Total Debt VS Total AssetsZWS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

2.2 Solvency

  • An Altman-Z score of 5.04 indicates that ZWS is not in any danger for bankruptcy at the moment.
  • With a decent Altman-Z score value of 5.04, ZWS is doing good in the industry, outperforming 69.05% of the companies in the same industry.
  • The Debt to FCF ratio of ZWS is 1.57, which is an excellent value as it means it would take ZWS, only 1.57 years of fcf income to pay off all of its debts.
  • ZWS has a better Debt to FCF ratio (1.57) than 78.57% of its industry peers.
  • ZWS has a Debt/Equity ratio of 0.31. This is a healthy value indicating a solid balance between debt and equity.
  • Looking at the Debt to Equity ratio, with a value of 0.31, ZWS is in the better half of the industry, outperforming 69.05% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.31
Debt/FCF 1.57
Altman-Z 5.04
ROIC/WACC0.92
WACC9.82%
ZWS Yearly LT Debt VS Equity VS FCFZWS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B

2.3 Liquidity

  • A Current Ratio of 3.13 indicates that ZWS has no problem at all paying its short term obligations.
  • ZWS has a Current ratio of 3.13. This is amongst the best in the industry. ZWS outperforms 80.95% of its industry peers.
  • A Quick Ratio of 2.07 indicates that ZWS has no problem at all paying its short term obligations.
  • With an excellent Quick ratio value of 2.07, ZWS belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 3.13
Quick Ratio 2.07
ZWS Yearly Current Assets VS Current LiabilitesZWS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

4

3. ZWS Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 18.75% over the past year.
  • Measured over the past years, ZWS shows a decrease in Earnings Per Share. The EPS has been decreasing by -3.16% on average per year.
  • ZWS shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 8.26%.
  • ZWS shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -3.89% yearly.
EPS 1Y (TTM)18.75%
EPS 3Y15.75%
EPS 5Y-3.16%
EPS Q2Q%12.5%
Revenue 1Y (TTM)8.26%
Revenue growth 3Y9.78%
Revenue growth 5Y-3.89%
Sales Q2Q%9.85%

3.2 Future

  • The Earnings Per Share is expected to grow by 10.08% on average over the next years. This is quite good.
  • The Revenue is expected to grow by 5.84% on average over the next years.
EPS Next Y10.24%
EPS Next 2Y10.02%
EPS Next 3Y10.08%
EPS Next 5Y10.08%
Revenue Next Year6.21%
Revenue Next 2Y5.67%
Revenue Next 3Y5.62%
Revenue Next 5Y5.84%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
ZWS Yearly Revenue VS EstimatesZWS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 500M 1B 1.5B 2B
ZWS Yearly EPS VS EstimatesZWS Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 0.5 1 1.5 2

2

4. ZWS Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 31.11, ZWS can be considered very expensive at the moment.
  • 66.67% of the companies in the same industry are cheaper than ZWS, based on the Price/Earnings ratio.
  • When comparing the Price/Earnings ratio of ZWS to the average of the S&P500 Index (26.46), we can say ZWS is valued inline with the index average.
  • The Price/Forward Earnings ratio is 28.22, which means the current valuation is very expensive for ZWS.
  • Based on the Price/Forward Earnings ratio, ZWS is valued a bit more expensive than the industry average as 71.43% of the companies are valued more cheaply.
  • ZWS is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 24.65, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 31.11
Fwd PE 28.22
ZWS Price Earnings VS Forward Price EarningsZWS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ZWS indicates a slightly more expensive valuation: ZWS is more expensive than 66.67% of the companies listed in the same industry.
  • The rest of the industry has a similar Price/Free Cash Flow ratio as ZWS.
Industry RankSector Rank
P/FCF 24.91
EV/EBITDA 21.43
ZWS Per share dataZWS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6 8 10

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates ZWS does not grow enough to justify the current Price/Earnings ratio.
  • ZWS has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)3.04
PEG (5Y)N/A
EPS Next 2Y10.02%
EPS Next 3Y10.08%

4

5. ZWS Dividend Analysis

5.1 Amount

  • With a yearly dividend of 0.94%, ZWS is not a good candidate for dividend investing.
  • ZWS's Dividend Yield is a higher than the industry average which is at 0.70.
  • Compared to an average S&P500 Dividend Yield of 1.82, ZWS's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.94%

5.2 History

  • The dividend of ZWS is nicely growing with an annual growth rate of 9.35%!
  • ZWS has been paying a dividend for over 5 years, so it has already some track record.
  • The dividend of ZWS decreased recently.
Dividend Growth(5Y)9.35%
Div Incr Years1
Div Non Decr Years1
ZWS Yearly Dividends per shareZWS Yearly Dividends per shareYearly Dividends per share 2020 2021 2022 2023 2024 2025 2026 0.1 0.2 0.3 0.4

5.3 Sustainability

  • 32.27% of the earnings are spent on dividend by ZWS. This is a low number and sustainable payout ratio.
  • ZWS's earnings are growing around the same pace than its dividend. As long as the earnings growth is kept the dividend growth is sustainable.
DP32.27%
EPS Next 2Y10.02%
EPS Next 3Y10.08%
ZWS Yearly Income VS Free CF VS DividendZWS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M
ZWS Dividend Payout.ZWS Dividend Payout, showing the Payout Ratio.ZWS Dividend Payout.PayoutRetained Earnings

ZWS Fundamentals: All Metrics, Ratios and Statistics

ZURN ELKAY WATER SOLUTIONS C

NYSE:ZWS (3/9/2026, 8:04:00 PM)

After market: 47.29 0 (0%)

47.29

-0.1 (-0.21%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryBuilding Products
Earnings (Last)02-03
Earnings (Next)04-20
Inst Owners92.15%
Inst Owner Change-4.45%
Ins Owners2.4%
Ins Owner Change-0.2%
Market Cap7.89B
Revenue(TTM)1.70B
Net Income(TTM)198.00M
Analysts76
Price Target56.25 (18.95%)
Short Float %3.43%
Short Ratio5.1
Dividend
Industry RankSector Rank
Dividend Yield 0.94%
Yearly Dividend0.38
Dividend Growth(5Y)9.35%
DP32.27%
Div Incr Years1
Div Non Decr Years1
Ex-Date02-20
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)6.15%
Min EPS beat(2)4.94%
Max EPS beat(2)7.36%
EPS beat(4)4
Avg EPS beat(4)8.41%
Min EPS beat(4)4.94%
Max EPS beat(4)15.51%
EPS beat(8)8
Avg EPS beat(8)8.39%
EPS beat(12)12
Avg EPS beat(12)8.93%
EPS beat(16)15
Avg EPS beat(16)7.86%
Revenue beat(2)2
Avg Revenue beat(2)1.21%
Min Revenue beat(2)0.55%
Max Revenue beat(2)1.87%
Revenue beat(4)4
Avg Revenue beat(4)1.57%
Min Revenue beat(4)0.3%
Max Revenue beat(4)3.54%
Revenue beat(8)7
Avg Revenue beat(8)0.81%
Revenue beat(12)10
Avg Revenue beat(12)1.21%
Revenue beat(16)11
Avg Revenue beat(16)0.6%
PT rev (1m)7.19%
PT rev (3m)9.66%
EPS NQ rev (1m)0.54%
EPS NQ rev (3m)1.99%
EPS NY rev (1m)0.09%
EPS NY rev (3m)0.65%
Revenue NQ rev (1m)0.63%
Revenue NQ rev (3m)1.28%
Revenue NY rev (1m)0.61%
Revenue NY rev (3m)0.89%
Valuation
Industry RankSector Rank
PE 31.11
Fwd PE 28.22
P/S 4.65
P/FCF 24.91
P/OCF 22.76
P/B 4.92
P/tB N/A
EV/EBITDA 21.43
EPS(TTM)1.52
EY3.21%
EPS(NY)1.68
Fwd EY3.54%
FCF(TTM)1.9
FCFY4.01%
OCF(TTM)2.08
OCFY4.39%
SpS10.17
BVpS9.61
TBVpS-0.16
PEG (NY)3.04
PEG (5Y)N/A
Graham Number18.13
Profitability
Industry RankSector Rank
ROA 7.39%
ROE 12.35%
ROCE 11.92%
ROIC 9.05%
ROICexc 10.33%
ROICexgc 44.74%
OM 17.01%
PM (TTM) 11.68%
GM 45.1%
FCFM 18.67%
ROA(3y)5.89%
ROA(5y)6.21%
ROE(3y)9.83%
ROE(5y)25.79%
ROIC(3y)7.99%
ROIC(5y)7.53%
ROICexc(3y)8.8%
ROICexc(5y)8.31%
ROICexgc(3y)37.39%
ROICexgc(5y)30.7%
ROCE(3y)10.53%
ROCE(5y)9.91%
ROICexgc growth 3Y47.22%
ROICexgc growth 5Y5.13%
ROICexc growth 3Y39.63%
ROICexc growth 5Y0.22%
OM growth 3Y21.19%
OM growth 5Y0.12%
PM growth 3Y34.36%
PM growth 5Y7.82%
GM growth 3Y7.49%
GM growth 5Y2.66%
F-Score8
Asset Turnover0.63
Health
Industry RankSector Rank
Debt/Equity 0.31
Debt/FCF 1.57
Debt/EBITDA 1.31
Cap/Depr 33.71%
Cap/Sales 1.76%
Interest Coverage 8.51
Cash Conversion 91.86%
Profit Quality 159.9%
Current Ratio 3.13
Quick Ratio 2.07
Altman-Z 5.04
F-Score8
WACC9.82%
ROIC/WACC0.92
Cap/Depr(3y)27.54%
Cap/Depr(5y)25.33%
Cap/Sales(3y)1.52%
Cap/Sales(5y)1.54%
Profit Quality(3y)178.63%
Profit Quality(5y)169.29%
High Growth Momentum
Growth
EPS 1Y (TTM)18.75%
EPS 3Y15.75%
EPS 5Y-3.16%
EPS Q2Q%12.5%
EPS Next Y10.24%
EPS Next 2Y10.02%
EPS Next 3Y10.08%
EPS Next 5Y10.08%
Revenue 1Y (TTM)8.26%
Revenue growth 3Y9.78%
Revenue growth 5Y-3.89%
Sales Q2Q%9.85%
Revenue Next Year6.21%
Revenue Next 2Y5.67%
Revenue Next 3Y5.62%
Revenue Next 5Y5.84%
EBIT growth 1Y11.78%
EBIT growth 3Y33.05%
EBIT growth 5Y-3.78%
EBIT Next Year34.59%
EBIT Next 3Y14.98%
EBIT Next 5Y14.38%
FCF growth 1Y16.53%
FCF growth 3Y52.43%
FCF growth 5Y4.24%
OCF growth 1Y18.06%
OCF growth 3Y52.87%
OCF growth 5Y3.02%

ZURN ELKAY WATER SOLUTIONS C / ZWS FAQ

What is the fundamental rating for ZWS stock?

ChartMill assigns a fundamental rating of 6 / 10 to ZWS.


What is the valuation status for ZWS stock?

ChartMill assigns a valuation rating of 2 / 10 to ZURN ELKAY WATER SOLUTIONS C (ZWS). This can be considered as Overvalued.


Can you provide the profitability details for ZURN ELKAY WATER SOLUTIONS C?

ZURN ELKAY WATER SOLUTIONS C (ZWS) has a profitability rating of 7 / 10.


What is the financial health of ZURN ELKAY WATER SOLUTIONS C (ZWS) stock?

The financial health rating of ZURN ELKAY WATER SOLUTIONS C (ZWS) is 8 / 10.


What is the earnings growth outlook for ZURN ELKAY WATER SOLUTIONS C?

The Earnings per Share (EPS) of ZURN ELKAY WATER SOLUTIONS C (ZWS) is expected to grow by 10.24% in the next year.