Hayward Holdings, Inc.

Industrials
Industrial Machinery/Components
www.hayward-pool.com

Earnings Score
Moat Score
Safety Score

Market Cap $3.45B
PE 36
Debt $973.99M
Cash $274.18M
EV $4.15B
FCF $217.44M

Earnings

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Sales & Net Margins

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Earnings	$94.96M
EBIT	$187.79M
ROE	7%
ROA	6%
FCF	$217.44M
Equity	$1.37B
Growth Stability	87%
PE	36.31
PEG	0.3
PB	2.51
P/FCF	15.86
P/S	3.44
Price/Cash	0.08
Debt/Equity	0.71
Debt/FCF	4.48
Net Margins	9%
Gross Margins	50%
Op. Margins	19%
Earnings CAGR	121%
Sales Growth YoY	3%
Sales Growth QoQ	-20%
Sales CAGR	-5%
FCF CAGR	-3%
Equity CAGR	60%
Earnings Stability	-0.44
Earnings Growth YoY	40%
Earnings Growth QoQ	-56%

Earnings CAGR 5Y	121%
Sales CAGR 5Y	-5%
FCF CAGR 5Y	-3%
Equity CAGR 5Y	60%
Earnings CAGR 3Y	-17%
Sales CAGR 3Y	-17%
FCF CAGR 3Y	16%
Equity CAGR 3Y	2%
Market Cap	$3.45B
Revenue	$1.00B
Assets	$2.89B
Total Debt	$973.99M
Cash	$274.18M
Shares Outstanding	214.84M
EV	4.15B
Earnings Score	6%
Moat Score	82%
Safety Score	86%
Final Score	58%
Working Capital	401.38M
Current Ratio	2.62
Gross Profit	$499.90M
Shares Growth 3y	1%
Equity Growth QoQ	1%
Equity Growth YoY	7%

Assets & ROA

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Stockholders Equity & ROE

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Hayward Holdings Inc is a global designer, manufacturer and marketer of a broad portfolio of pool equipment and associated automation systems. The products are offered under various brands namely AquaVac, AquaRite, ColorLogic, Navigator, OmniLogic, OmniHub, TriStar, Super Pump, TurboCell, pHin and others.

SEC Filings

Direct access to Hayward Holdings, Inc. (HAYW) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 28
- 10-Q Jun 29
- 10-Q Mar 30
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jul 01
- 10-Q Apr 01
2022
- 10-K Dec 31
- 10-Q Oct 01
- 10-Q Jul 02
- 10-Q Apr 02

Sector Comparison

How does Hayward Holdings, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Hayward Holdings, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 121%

Stability -44%

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Hayward Holdings, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Hayward Holdings, Inc..

Years

Calculation mode

= $1.8B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$217M	$212M	$207M	$201M	$196M	$191M	$186M	$182M	$177M	$173M	$168M	$1.7B
DCF		$193M	$171M	$151M	$134M	$119M	$105M	$93M	$83M	$73M	$65M	$649M
Value	$1.8B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	0%	0%	7%	14%	8%	9%
ROA	-	5%	11%	10%	6%	6%
ROE	-	0%	7%	15%	6%	7%

Net Margins (8.82%)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	6.53	6.17	13.08	7.31	4.48
Debt over Equity	-	6.23	0.74	0.92	0.86	0.71
Growth Stability	-	-	-	100%	87%	87%

Bad Debt/FCF ratio (4.48)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Good Debt/Equity ratio (0.71)

The company is not overleveraged and has a good balance between equity and debt.

Neutral Graham’s Stability (87%)

The company has a stability in its earnings that is not too good nor too bad.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	19%	60%	-6%	-24%	-5%
Earnings YoY growth	-	698%	29K%	84%	-55%	121%
Equity YoY growth	-	28%	555%	-11%	7%	60%
FCF YoY growth	-	190%	-18%	-47%	78%	-3%