HAYWARD HOLDINGS INC (HAYW)
US4212981009 - Common Stock
Overall HAYW gets a fundamental rating of 4 out of 10. We evaluated HAYW against 43 industry peers in the Building Products industry. HAYW has an average financial health and profitability rating. HAYW is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
HAYW had positive earnings in the past year.
HAYW had a positive operating cash flow in the past year.
In the past 5 years HAYW has always been profitable.
In the past 5 years HAYW always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 2.74%, HAYW is doing worse than 79.07% of the companies in the same industry.
HAYW's Return On Equity of 6.16% is on the low side compared to the rest of the industry. HAYW is outperformed by 76.74% of its industry peers.
Looking at the Return On Invested Capital, with a value of 5.44%, HAYW is doing worse than 74.42% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for HAYW is significantly below the industry average of 14.14%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.74% | ||
| ROE | 6.16% | ||
| ROIC | 5.44% |
ROA(3y)4.31%
ROA(5y)2.99%
ROE(3y)9.81%
ROE(5y)7.13%
ROIC(3y)7.96%
ROIC(5y)6.24%
1.3 Margins
HAYW has a Profit Margin (8.14%) which is in line with its industry peers.
HAYW's Profit Margin has improved in the last couple of years.
With a decent Operating Margin value of 18.98%, HAYW is doing good in the industry, outperforming 76.74% of the companies in the same industry.
In the last couple of years the Operating Margin of HAYW has grown nicely.
HAYW's Gross Margin of 48.06% is amongst the best of the industry. HAYW outperforms 100.00% of its industry peers.
In the last couple of years the Gross Margin of HAYW has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.98% | ||
| PM (TTM) | 8.14% | ||
| GM | 48.06% |
OM growth 3Y4.92%
OM growth 5YN/A
PM growth 3Y18.02%
PM growth 5YN/A
GM growth 3Y1.95%
GM growth 5YN/A
2. Health
2.1 Basic Checks
HAYW has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for HAYW has been increased compared to 1 year ago.
The debt/assets ratio for HAYW has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 2.06 indicates that HAYW is not a great score, but indicates only limited risk for bankruptcy at the moment.
With a Altman-Z score value of 2.06, HAYW is not doing good in the industry: 81.40% of the companies in the same industry are doing better.
The Debt to FCF ratio of HAYW is 7.13, which is on the high side as it means it would take HAYW, 7.13 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 7.13, HAYW is not doing good in the industry: 79.07% of the companies in the same industry are doing better.
HAYW has a Debt/Equity ratio of 0.82. This is a neutral value indicating HAYW is somewhat dependend on debt financing.
The Debt to Equity ratio of HAYW (0.82) is worse than 67.44% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.82 | ||
| Debt/FCF | 7.13 | ||
| Altman-Z | 2.06 |
ROIC/WACC0.45
WACC12.07%
2.3 Liquidity
HAYW has a Current Ratio of 3.02. This indicates that HAYW is financially healthy and has no problem in meeting its short term obligations.
With a decent Current ratio value of 3.02, HAYW is doing good in the industry, outperforming 79.07% of the companies in the same industry.
HAYW has a Quick Ratio of 2.13. This indicates that HAYW is financially healthy and has no problem in meeting its short term obligations.
With an excellent Quick ratio value of 2.13, HAYW belongs to the best of the industry, outperforming 81.40% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.02 | ||
| Quick Ratio | 2.13 |
3. Growth
3.1 Past
The earnings per share for HAYW have decreased strongly by -38.20% in the last year.
Measured over the past years, HAYW shows a very strong growth in Earnings Per Share. The EPS has been growing by 24.38% on average per year.
The Revenue for HAYW has decreased by -24.49% in the past year. This is quite bad
HAYW shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.27% yearly.
EPS 1Y (TTM)-38.2%
EPS 3Y24.38%
EPS 5YN/A
EPS growth Q2Q81.82%
Revenue 1Y (TTM)-24.49%
Revenue growth 3Y4.27%
Revenue growth 5YN/A
Revenue growth Q2Q7.52%
3.2 Future
The Earnings Per Share is expected to grow by 15.51% on average over the next years. This is quite good.
HAYW is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.38% yearly.
EPS Next Y14.61%
EPS Next 2Y19.49%
EPS Next 3Y19.09%
EPS Next 5Y15.51%
Revenue Next Year6.27%
Revenue Next 2Y7.16%
Revenue Next 3Y8.09%
Revenue Next 5Y7.38%
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
HAYW is valuated rather expensively with a Price/Earnings ratio of 24.02.
Based on the Price/Earnings ratio, HAYW is valued a bit more expensive than the industry average as 60.47% of the companies are valued more cheaply.
When comparing the Price/Earnings ratio of HAYW to the average of the S&P500 Index (24.76), we can say HAYW is valued inline with the index average.
The Price/Forward Earnings ratio is 20.96, which indicates a rather expensive current valuation of HAYW.
HAYW's Price/Forward Earnings is on the same level as the industry average.
The average S&P500 Price/Forward Earnings ratio is at 21.26. HAYW is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.02 | ||
| Fwd PE | 20.96 |
4.2 Price Multiples
HAYW's Enterprise Value to EBITDA is on the same level as the industry average.
The rest of the industry has a similar Price/Free Cash Flow ratio as HAYW.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.44 | ||
| EV/EBITDA | 15.28 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
A more expensive valuation may be justified as HAYW's earnings are expected to grow with 19.09% in the coming years.
PEG (NY)1.64
PEG (5Y)N/A
EPS Next 2Y19.49%
EPS Next 3Y19.09%
5. Dividend
5.1 Amount
No dividends for HAYW!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
HAYWARD HOLDINGS INC
NYSE:HAYW (4/19/2024, 7:04:00 PM)
After market: 13.21 0 (0%)13.21
+0.04 (+0.3%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryBuilding Products
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap2.83B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
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Min EPS beat(4)
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EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
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EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.02 | ||
| Fwd PE | 20.96 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)1.64
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.74% | ||
| ROE | 6.16% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 18.98% | ||
| PM (TTM) | 8.14% | ||
| GM | 48.06% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.34
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.82 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 3.02 | ||
| Quick Ratio | 2.13 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-38.2%
EPS 3Y24.38%
EPS 5Y
EPS growth Q2Q
EPS Next Y14.61%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-24.49%
Revenue growth 3Y4.27%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y