A Business at a Glance
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Hayward Holdings, Inc.
HAYW
$3.2B
Mkt Cap
$14.43
+0.14%
Hayward Holdings, Inc. (HAYW) has a current P/E ratio of 21.2, compared to its historical median P/E of 28.6. The stock is currently considered Fair based on its historical valuation range.
Hayward Holdings, Inc. (HAYW) has a 5-year average return on invested capital (ROIC) of 9.3%. This is below average and may indicate limited pricing power.
Hayward Holdings, Inc. (HAYW) has a market capitalization of $3.1B. It is classified as a mid-cap stock.
Hayward Holdings, Inc. (HAYW) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 0.32%.
Based on historical P/E analysis, Hayward Holdings, Inc. (HAYW) appears fair. The current P/E of 21.2 is 26% below its historical median of 28.6. The estimated fair value CAGR (P/E method) is 7.5%.
Hayward Holdings, Inc. (HAYW) operates in the Refrigeration & Service Industry Machinery industry, within the Industrials sector.
Hayward Holdings, Inc. (HAYW) reported annual revenue of $1.1 billion in its most recent fiscal year, based on SEC EDGAR filings.
We are a leading global designer and manufacturer of a broad portfolio of pool equipment, outdoor living products and industrial flow control products. With the pool as the centerpiece of the growing outdoor living space, the pool industry has attractive market characteristics, including significant aftermarket requirements, such as the ongoing repair, replacement, remodeling and upgrading of equipment for existing pools, innovation-led growth opportunities and a favorable industry structure. We are a leader in this market, with a highly recognized brand, one of the largest installed bases of pool equipment in the world, decades-long relationships with our key channel partners and trade customers, and a history of technological innovation. Our engineered products, which include various energy-efficient and more environmentally sustainable offerings, enhance the pool owner’s outdoor living lifestyle while delivering high quality water, pleasant ambiance and ease of use.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.1B | 1.1B | 1.1B | 992M | 1.3B | 1.4B |
| Net Income | 161M | 152M | 119M | 81M | 179M | 98M |
| EPS | $0.74 | $0.68 | $0.54 | $0.37 | $0.78 | $0.49 |
| Free Cash Flow | 81M | 227M | 190M | 156M | 86M | 163M |
| ROIC | 8.5% | 8.6% | 7.7% | 6.1% | 9.9% | 14.0% |
| Gross Margin | 47.4% | 48.0% | 46.3% | 43.3% | 45.4% | 46.8% |
| Debt/Equity | 0.59 | 0.68 | 0.72 | 0.89 | 0.97 | 0.77 |
| Dividends/Share | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Operating Income | 242M | 233M | 209M | 175M | 286M | 318M |
| Operating Margin | 21.1% | 20.8% | 19.9% | 17.7% | 21.7% | 22.7% |
| ROE | 10.0% | 10.0% | 8.7% | 6.4% | 13.8% | 12.4% |
| Shares Outstanding | 218M | 223M | 220M | 218M | 230M | 199M |
| Metric | ||||||||
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 733M | 875M | 1.4B | 1.3B | 992M | 1.1B | 1.1B | 1.1B |
| Gross Margin | 44.1% | 45.4% | 46.8% | 45.4% | 43.3% | 46.3% | 48.0% | 47.4% |
| R&D | 20M | 20M | 23M | 22M | 25M | 26M | 27M | 28M |
| SG&A | 179M | 195M | 267M | 249M | 186M | 217M | 247M | 244M |
| EBIT | 99M | 125M | 318M | 286M | 175M | 209M | 233M | 242M |
| Op. Margin | 13.5% | 14.2% | 22.7% | 21.7% | 17.7% | 19.9% | 20.8% | 21.1% |
| Net Income | 8.5M | 43M | 98M | 179M | 81M | 119M | 152M | 161M |
| Net Margin | 1.2% | 4.9% | 7.0% | 13.6% | 8.1% | 11.3% | 13.5% | 14.0% |
| Non-Recurring | 24M | 16M | 17M | 87K | 18M | 2.6M | 55K | 832K |
| Returns on Capital | ||||||||
| ROIC | 148.6% | 12.3% | 14.0% | 9.9% | 6.1% | 7.7% | 8.6% | 8.5% |
| ROE | N/A | 23.2% | 12.4% | 13.8% | 6.4% | 8.7% | 10.0% | 10.0% |
| ROA | 33.7% | 3.3% | 3.5% | 6.1% | 2.8% | 4.0% | 4.9% | 5.1% |
| Cash Flow | ||||||||
| Op. Cash Flow | 94M | 214M | 189M | 116M | 185M | 212M | 256M | 111M |
| Free Cash Flow | 69M | 200M | 163M | 86M | 156M | 190M | 227M | 81M |
| Owner Earnings | 28M | 160M | 117M | 50M | 122M | 146M | 185M | -41M |
| CapEx | 25M | 14M | 26M | 30M | 29M | 22M | 29M | 30M |
| Maint. CapEx | 64M | 52M | 58M | 58M | 53M | 56M | 57M | 138M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 64M | 52M | 58M | 58M | 53M | 56M | 57M | 138M |
| CapEx/OCF | N/A | N/A | 13.8% | 25.6% | 16.8% | 10.5% | 11.2% | 27.3% |
| Capital Allocation | ||||||||
| Dividends Paid | 211K | 275M | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 1.0M | 2.5M | 9.5M | 343M | 0 | 378K | 5.0M | 9.9M |
| Buyback Yield | 0.0% | N/A | 0.1% | 16.3% | N/A | 0.0% | 0.1% | 0.3% |
| Stock-Based Comp | 1.6M | 1.9M | 15M | 7.9M | 9.2M | 11M | 13M | 14M |
| Debt Repayment | 28M | 3.5M | 370M | 10M | 13M | 139M | 13M | 13M |
| Balance Sheet | ||||||||
| Net Debt | -47M | 1.2B | 789M | 1.1B | 964M | 831M | 689M | 723M |
| Cash & Equiv. | 47M | 115M | 266M | 56M | 178M | 197M | 330M | 231M |
| Long-Term Debt | 0 | 1.3B | 973M | 1.1B | 1.1B | 951M | 944M | 943M |
| Debt/Equity | N/A | 6.23 | 0.77 | 0.97 | 0.89 | 0.72 | 0.68 | 0.59 |
| Interest Coverage | 816.0 | 492.3 | 8367.7 | 802.2 | 24.7 | 3.1 | 4.6 | 4.6 |
| Equity | N/A | 209M | 1.4B | 1.2B | 1.3B | 1.4B | 1.6B | 1.6B |
| Total Assets | 47M | 2.6B | 3.0B | 2.9B | 2.9B | 3.0B | 3.2B | 3.1B |
| Total Liabilities | N/A | 1.8B | 1.6B | 1.7B | 1.6B | 1.6B | 1.6B | 1.5B |
| Intangibles | N/A | 1.1B | 1.1B | 1.1B | 1.0B | 1.0B | 1.0B | 1.0B |
| Retained Earnings | N/A | 203M | 321M | 500M | 581M | 700M | 851M | 874M |
| Working Capital | N/A | 206M | 447M | 380M | 485M | 454M | 628M | 657M |
| Current Assets | N/A | 424M | 751M | 612M | 725M | 767M | 951M | 948M |
| Current Liabilities | N/A | 219M | 304M | 232M | 240M | 313M | 323M | 291M |
| Per Share Data | ||||||||
| EPS | 0.05 | 15.62 | 0.49 | 0.78 | 0.37 | 0.54 | 0.68 | 0.74 |
| Owner EPS | 0.17 | 57.70 | 0.59 | 0.22 | 0.56 | 0.66 | 0.83 | -0.19 |
| Book Value | N/A | 75.47 | 6.88 | 5.32 | 6.01 | 6.48 | 7.15 | 7.40 |
| Cash Flow/Share | 0.55 | 77.12 | 0.95 | 0.50 | 0.85 | 0.97 | 1.15 | 1.37 |
| Dividends/Share | 0.00 | 99.25 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Shares Out. | 170.5M | 2.8M | 199.0M | 229.9M | 218.1M | 219.7M | 222.9M | 217.7M |
| Valuation | ||||||||
| P/E Ratio | N/A | N/A | 50.8 | 11.8 | 37.0 | 28.6 | 23.4 | 19.5 |
| P/FCF | N/A | N/A | 30.4 | 24.5 | 19.2 | 17.9 | 15.6 | 38.8 |
| EV/EBIT | N/A | N/A | 34.0 | 11.1 | 22.2 | 20.0 | 17.7 | 16.0 |
| Price/Book | N/A | N/A | 7.6 | 1.7 | 2.3 | 2.4 | 2.2 | 1.9 |
| Price/Sales | N/A | N/A | 6.6 | 2.5 | 2.7 | 3.0 | 2.9 | 2.7 |
| FCF Yield | N/A | N/A | 1.6% | 4.1% | 5.2% | 5.6% | 6.4% | 2.6% |
| Market Cap | 0 | N/A | 10.4B | 2.1B | 3.0B | 3.4B | 3.6B | 3.1B |
| Avg. Price | 0.00 | N/A | 22.39 | 14.03 | 12.42 | 14.20 | 14.79 | 14.43 |
| Year-End Price | 0.00 | N/A | 24.91 | 9.18 | 13.70 | 15.44 | 15.94 | 14.43 |
Hayward Holdings, Inc. passes 3 of 9 quality checks, indicating weak fundamentals.
Hayward Holdings, Inc. trades at 21.2x trailing earnings, compared to its 15-year median P/E of 28.6x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 13.8x vs a median of 19.2x. The company's 5-year average ROIC is 9.3% with a gross margin of 46.0%. Total shareholder yield (buybacks) is 0.3%. At current prices, the estimated annualized return to fair value is +3.5%.
Hayward Holdings, Inc. (HAYW) has a net profit margin of 13.5%. This is a healthy margin.
Hayward Holdings, Inc. (HAYW) generated $227 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Hayward Holdings, Inc. (HAYW) has a debt-to-equity ratio of 0.68. This indicates moderate leverage.
Hayward Holdings, Inc. (HAYW) reported earnings per share (EPS) of $0.68 in its most recent fiscal year.
Hayward Holdings, Inc. (HAYW) has a return on equity (ROE) of 10.0%. This indicates moderate shareholder returns.
Hayward Holdings, Inc. (HAYW) has a 5-year average gross margin of 46.0%. This indicates decent pricing power.
The Ledger Terminal provides 7 years of financial data for Hayward Holdings, Inc. (HAYW), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Hayward Holdings, Inc. (HAYW) has a book value per share of $7.15, based on its most recent annual SEC filing.