Leslie's, Inc.

Consumer Discretionary
Other Specialty Stores
www.lesliespool.com

Earnings Score
Safety Score

Market Cap $435.88M
Debt $791.78M
Cash $108.51M
EV $1.12B
FCF $60.22M

Earnings

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Sales & Net Margins

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Earnings	-$23.38M
EBIT	$57.12M
ROA	5%
FCF	$60.22M
Equity	-$177.15M
Growth Stability	-22%
PE	-18.64
PEG	0.44
PB	-2.46
P/FCF	7.24
P/S	0.33
Price/Cash	0.25
Debt/Equity	-4.47
Debt/FCF	13.15
Net Margins	-2%
Gross Margins	36%
Op. Margins	4%
Earnings CAGR	-42%
Sales Growth YoY	-8%
Sales Growth QoQ	-30%
Sales CAGR	5%
FCF CAGR	-1%
Earnings Stability	-0.33
Earnings Growth YoY	-160%

Earnings Growth QoQ	-116%
Earnings CAGR 5Y	-43%
Sales CAGR 5Y	5%
FCF CAGR 5Y	-1%
Earnings CAGR 3Y	-3%
Sales CAGR 3Y	-3%
FCF CAGR 3Y	-5%
Market Cap	$435.88M
Revenue	$1.33B
Assets	$1.05B
Total Debt	$791.78M
Cash	$108.51M
Shares Outstanding	184.69M
EV	1.12B
Earnings Score	6%
Safety Score	20%
Working Capital	175.52M
Current Ratio	1.71
Gross Profit	$476.79M
Shares Growth 3y	0%
Equity Growth QoQ	5%
Equity Growth YoY	10%

Assets & ROA

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Stockholders Equity & ROE

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Leslies Inc is a direct-to-consumer pool and spa care brand offering a comprehensive assortment of products across chemicals, equipment and parts, cleaning and maintenance equipment, and safety, recreational, and fitness-related products. The company offers its products and services for Residential Pool, Residential Spa, Professional Pool, and Commercial Pool consumers. Geographically, it operates only in the United States.

SEC Filings

Direct access to Leslie's, Inc. (LESL) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

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

Sector Comparison

How does Leslie's, Inc. compare to its competitors?

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Peter Lynch's Chart

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

CAGR -42%

Stability -33%

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Leslie's, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Leslie's, Inc..

Years

Calculation mode

= $552M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$60M	$59M	$59M	$58M	$57M	$56M	$56M	$55M	$54M	$54M	$53M	$528M
DCF		$54M	$48M	$43M	$39M	$35M	$31M	$28M	$25M	$23M	$20M	$204M
Value	$552M

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	09/2019	10/2020	10/2021	09/2022	09/2023	09/2024	TTM
Net Margins	0%	5%	9%	10%	2%	-2%	-2%
ROA	-	20%	20%	22%	10%	5%	5%
ROE	-	-7%	-58%	-80%	-17%	13%	-

Bad Net Margins (-1.76%)

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

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	09/2019	10/2020	10/2021	09/2022	09/2023	09/2024	TTM
Debt over FCF	-	14.61	5.79	23.08	-24.85	13.15	13.15
Debt over Equity	-	-1.46	-3.74	-4.07	-4.94	-4.47	-4.47
Growth Stability	-	-	-	100%	24%	-22%	-22%

Bad Debt/FCF ratio (13.15)

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 (-4.47)

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

Bad Graham’s Stability (-22%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

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	09/2019	10/2020	10/2021	09/2022	09/2023	09/2024	CAGR 5Y
Revenue YoY growth	-	20%	21%	16%	-7%	-8%	5%
Earnings YoY growth	-	8K%	116%	26%	-83%	-186%	-43%
Equity YoY growth	-	-7%	-74%	-9%	-18%	10%	-
FCF YoY growth	-	173%	70%	-75%	-192%	-288%	-1%