Pool Corp

Consumer Discretionary
Industrial Specialties
www.poolcorp.com

Earnings Score
Moat Score
Safety Score
Final Score

Market Cap $14.16B
PE 32
Debt $923.83M
Cash $91.35M
EV $15.00B
FCF $563.74M

Earnings

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Sales & Net Margins

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Earnings	$446.12M
EBIT	$635.90M
ROE	31%
ROA	19%
FCF	$563.74M
Equity	$1.43B
Growth Stability	89%
PE	31.75
PEG	2.22
PB	9.89
P/FCF	25.13
P/S	2.66
Price/Cash	0.01
Debt/Equity	0.64
Debt/FCF	1.64
Net Margins	9%
Gross Margins	30%
Op. Margins	12%
Earnings CAGR	22%
Sales Growth YoY	-3%
Sales Growth QoQ	-19%
Sales CAGR	13%
FCF CAGR	26%
Equity CAGR	27%
Earnings Stability	0.84
Earnings Growth YoY	-9%
Earnings Growth QoQ	-35%
Earnings CAGR 5Y	14%

Sales CAGR 5Y	13%
FCF CAGR 5Y	23%
Equity CAGR 5Y	32%
Earnings CAGR 3Y	-2%
Sales CAGR 3Y	-2%
FCF CAGR 3Y	72%
Equity CAGR 3Y	10%
Market Cap	$14.16B
Revenue	$5.33B
Dividend Yield	1%
Payout Ratio	40%
Assets	$3.37B
Total Debt	$923.83M
Cash	$91.35M
Shares Outstanding	37.98M
EV	15B
Earnings Score	94%
Moat Score	94%
Safety Score	93%
Final Score	94%
Working Capital	1.01B
Current Ratio	2.39
Gross Profit	$1.58B
Shares Growth 3y	-2%
Equity Growth QoQ	1%
Equity Growth YoY	1%

Assets & ROA

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Stockholders Equity & ROE

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Pool Corp distributes swimming pool supplies and related products. It sells national-brand and private-label products to approximately 120000 customers. The products include non-discretionary pool-maintenance products, like chemicals and replacement parts, as well as pool equipment, like packaged pools (kits to build swimming pools), cleaners, filters, heaters, pumps, and lights. Customers include pool builders and remodelers, independent retail stores, and pool repair and service companies.

SEC Filings

Direct access to Pool Corp (POOL) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Pool Corp compare to its competitors?

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Peter Lynch's Chart

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

CAGR 22%

Stability 84%

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Pool Corp Discounted Cash Flow

Fully customizable DCF calculator online for Pool Corp.

Years

Calculation mode

= $34B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$564M	$709M	$893M	$1.1B	$1.4B	$1.8B	$2.2B	$2.8B	$3.5B	$4.5B	$5.6B	$56B
DCF		$645M	$738M	$844M	$965M	$1.1B	$1.3B	$1.4B	$1.7B	$1.9B	$2.2B	$22B
Value	$34B

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	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	5%	5%	6%	7%	8%	8%	9%	12%	12%	9%	9%
ROA	-	23%	26%	26%	25%	23%	27%	26%	29%	22%	19%
ROE	-	50%	72%	86%	105%	64%	57%	60%	60%	40%	31%

Net Margins (9.14%)

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	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	2.82	3.35	3.9	7.76	1.93	1.11	4.29	3.14	1.27	1.64
Debt over Equity	1.31	1.29	2.14	2.38	3.02	1.25	0.65	1.1	1.12	0.8	0.64
Growth Stability	-	-	-	100%	100%	100%	100%	100%	100%	89%	89%

Good Debt/FCF ratio (1.64)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Good Debt/Equity ratio (0.64)

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

Neutral Graham’s Stability (89%)

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	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	5%	9%	8%	8%	7%	23%	35%	17%	-10%	13%
Earnings YoY growth	-	16%	16%	29%	23%	12%	40%	76%	15%	-30%	14%
Equity YoY growth	-	5%	-20%	9%	0%	83%	56%	68%	15%	6%	32%
FCF YoY growth	-	12%	12%	4%	-36%	205%	42%	-27%	60%	88%	23%