HAYWARD HOLDINGS INC (HAYW) Stock Fundamental Analysis
USA - NYSE:HAYW - US4212981009 - Common Stock
14.84 USD
-0.08 (-0.54%)
14.84 USD
0 (0%)
HAYW gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 41 industry peers in the Building Products industry. Both the profitability and the financial health of HAYW get a neutral evaluation. Nothing too spectacular is happening here. HAYW has a correct valuation and a medium 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.
HAYW had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a Return On Assets value of 4.29%, HAYW is not doing good in the industry: 63.41% of the companies in the same industry are doing better.
HAYW has a Return On Equity of 8.70%. This is in the lower half of the industry: HAYW underperforms 60.98% of its industry peers.
HAYW's Return On Invested Capital of 6.65% is on the low side compared to the rest of the industry. HAYW is outperformed by 68.29% of its industry peers.
HAYW had an Average Return On Invested Capital over the past 3 years of 7.09%. This is significantly below the industry average of 12.76%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.29% | ||
| ROE | 8.7% | ||
| ROIC | 6.65% |
ROA(3y)4.31%
ROA(5y)3.71%
ROE(3y)9.72%
ROE(5y)8.63%
ROIC(3y)7.09%
ROIC(5y)7.25%
1.3 Margins
Looking at the Profit Margin, with a value of 12.04%, HAYW is in the better half of the industry, outperforming 68.29% of the companies in the same industry.
In the last couple of years the Profit Margin of HAYW has grown nicely.
The Operating Margin of HAYW (20.77%) is better than 87.80% of its industry peers.
HAYW's Operating Margin has improved in the last couple of years.
The Gross Margin of HAYW (51.14%) is better than 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 | 20.77% | ||
| PM (TTM) | 12.04% | ||
| GM | 51.14% |
OM growth 3Y-4.84%
OM growth 5Y12.75%
PM growth 3Y10.23%
PM growth 5Y57.64%
GM growth 3Y2.56%
GM growth 5Y2.73%
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.
Compared to 1 year ago, HAYW has more shares outstanding
The number of shares outstanding for HAYW has been reduced compared to 5 years ago.
The debt/assets ratio for HAYW has been reduced compared to a year ago.
2.2 Solvency
HAYW has an Altman-Z score of 2.42. This is not the best score and indicates that HAYW is in the grey zone with still only limited risk for bankruptcy at the moment.
HAYW has a worse Altman-Z score (2.42) than 75.61% of its industry peers.
The Debt to FCF ratio of HAYW is 5.89, which is a neutral value as it means it would take HAYW, 5.89 years of fcf income to pay off all of its debts.
HAYW has a worse Debt to FCF ratio (5.89) than 60.98% of its industry peers.
HAYW has a Debt/Equity ratio of 0.63. This is a neutral value indicating HAYW is somewhat dependend on debt financing.
The Debt to Equity ratio of HAYW (0.63) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.63 | ||
| Debt/FCF | 5.89 | ||
| Altman-Z | 2.42 |
ROIC/WACC0.64
WACC10.41%
2.3 Liquidity
HAYW has a Current Ratio of 2.84. This indicates that HAYW is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 2.84, HAYW is in the better half of the industry, outperforming 75.61% of the companies in the same industry.
HAYW has a Quick Ratio of 2.06. This indicates that HAYW is financially healthy and has no problem in meeting its short term obligations.
HAYW has a Quick ratio of 2.06. This is amongst the best in the industry. HAYW outperforms 82.93% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.84 | ||
| Quick Ratio | 2.06 |
3. Growth
3.1 Past
HAYW shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 24.14%, which is quite impressive.
Measured over the past years, HAYW shows a very strong growth in Earnings Per Share. The EPS has been growing by 68.04% on average per year.
HAYW shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 8.77%.
Measured over the past years, HAYW shows a small growth in Revenue. The Revenue has been growing by 7.47% on average per year.
EPS 1Y (TTM)24.14%
EPS 3Y-15.49%
EPS 5Y68.04%
EPS Q2Q%14.29%
Revenue 1Y (TTM)8.77%
Revenue growth 3Y-9.14%
Revenue growth 5Y7.47%
Sales Q2Q%5.35%
3.2 Future
Based on estimates for the next years, HAYW will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.06% on average per year.
Based on estimates for the next years, HAYW will show a small growth in Revenue. The Revenue will grow by 6.59% on average per year.
EPS Next Y11.19%
EPS Next 2Y12.25%
EPS Next 3Y12.74%
EPS Next 5Y11.06%
Revenue Next Year6.11%
Revenue Next 2Y5.75%
Revenue Next 3Y6.14%
Revenue Next 5Y6.59%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 20.61, which indicates a rather expensive current valuation of HAYW.
Compared to the rest of the industry, the Price/Earnings ratio of HAYW is on the same level as its industry peers.
The average S&P500 Price/Earnings ratio is at 27.41. HAYW is valued slightly cheaper when compared to this.
Based on the Price/Forward Earnings ratio of 17.58, the valuation of HAYW can be described as rather expensive.
HAYW's Price/Forward Earnings ratio is in line with the industry average.
HAYW's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.87.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.61 | ||
| Fwd PE | 17.58 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as HAYW.
68.29% of the companies in the same industry are more expensive than HAYW, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.68 | ||
| EV/EBITDA | 13.52 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates HAYW does not grow enough to justify the current Price/Earnings ratio.
HAYW has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as HAYW's earnings are expected to grow with 12.74% in the coming years.
PEG (NY)1.84
PEG (5Y)0.3
EPS Next 2Y12.25%
EPS Next 3Y12.74%
5. Dividend
5.1 Amount
No dividends for HAYW!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
14.84
-0.08 (-0.54%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryBuilding Products
Earnings (Last)
Earnings (Next)
Inst Owners92.09%
Inst Owner Change5.08%
Ins Owners2.18%
Ins Owner Change0.54%
Market Cap3.22B
Analysts73.33
Price Target17.14 (15.5%)
Short Float %4.34%
Short Ratio3.99
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)10.09%
Min EPS beat(2)4.84%
Max EPS beat(2)15.34%
EPS beat(4)4
Avg EPS beat(4)9.92%
Min EPS beat(4)4.84%
Max EPS beat(4)15.34%
EPS beat(8)7
Avg EPS beat(8)7.34%
EPS beat(12)10
Avg EPS beat(12)8.16%
EPS beat(16)12
Avg EPS beat(16)5.55%
Revenue beat(2)2
Avg Revenue beat(2)2.8%
Min Revenue beat(2)0.9%
Max Revenue beat(2)4.69%
Revenue beat(4)4
Avg Revenue beat(4)2.9%
Min Revenue beat(4)0.11%
Max Revenue beat(4)5.91%
Revenue beat(8)6
Avg Revenue beat(8)1.62%
Revenue beat(12)9
Avg Revenue beat(12)1.15%
Revenue beat(16)11
Avg Revenue beat(16)1.02%
PT rev (1m)0.6%
PT rev (3m)6.67%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-1.38%
EPS NY rev (1m)0%
EPS NY rev (3m)1.62%
Revenue NQ rev (1m)-0.25%
Revenue NQ rev (3m)0.16%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.45%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.61 | ||
| Fwd PE | 17.58 | ||
| P/S | 2.97 | ||
| P/FCF | 19.68 | ||
| P/OCF | 16.87 | ||
| P/B | 2.15 | ||
| P/tB | N/A | ||
| EV/EBITDA | 13.52 |
EPS(TTM)0.72
EY4.85%
EPS(NY)0.84
Fwd EY5.69%
FCF(TTM)0.75
FCFY5.08%
OCF(TTM)0.88
OCFY5.93%
SpS5
BVpS6.91
TBVpS-2.16
PEG (NY)1.84
PEG (5Y)0.3
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.29% | ||
| ROE | 8.7% | ||
| ROCE | 8.2% | ||
| ROIC | 6.65% | ||
| ROICexc | 7.67% | ||
| ROICexgc | 44.29% | ||
| OM | 20.77% | ||
| PM (TTM) | 12.04% | ||
| GM | 51.14% | ||
| FCFM | 15.09% |
ROA(3y)4.31%
ROA(5y)3.71%
ROE(3y)9.72%
ROE(5y)8.63%
ROIC(3y)7.09%
ROIC(5y)7.25%
ROICexc(3y)7.48%
ROICexc(5y)7.76%
ROICexgc(3y)34.83%
ROICexgc(5y)44.06%
ROCE(3y)8.75%
ROCE(5y)8.94%
ROICexcg growth 3Y-20.05%
ROICexcg growth 5Y12.21%
ROICexc growth 3Y-14.41%
ROICexc growth 5Y20.5%
OM growth 3Y-4.84%
OM growth 5Y12.75%
PM growth 3Y10.23%
PM growth 5Y57.64%
GM growth 3Y2.56%
GM growth 5Y2.73%
F-Score8
Asset Turnover0.36
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.63 | ||
| Debt/FCF | 5.89 | ||
| Debt/EBITDA | 3.35 | ||
| Cap/Depr | 46.49% | ||
| Cap/Sales | 2.51% | ||
| Interest Coverage | 3.94 | ||
| Cash Conversion | 67.24% | ||
| Profit Quality | 125.36% | ||
| Current Ratio | 2.84 | ||
| Quick Ratio | 2.06 | ||
| Altman-Z | 2.42 |
F-Score8
WACC10.41%
ROIC/WACC0.64
Cap/Depr(3y)51.09%
Cap/Depr(5y)45%
Cap/Sales(3y)2.56%
Cap/Sales(5y)2.28%
Profit Quality(3y)132.23%
Profit Quality(5y)198.37%
High Growth Momentum
Growth
EPS 1Y (TTM)24.14%
EPS 3Y-15.49%
EPS 5Y68.04%
EPS Q2Q%14.29%
EPS Next Y11.19%
EPS Next 2Y12.25%
EPS Next 3Y12.74%
EPS Next 5Y11.06%
Revenue 1Y (TTM)8.77%
Revenue growth 3Y-9.14%
Revenue growth 5Y7.47%
Sales Q2Q%5.35%
Revenue Next Year6.11%
Revenue Next 2Y5.75%
Revenue Next 3Y6.14%
Revenue Next 5Y6.59%
EBIT growth 1Y17.49%
EBIT growth 3Y-13.54%
EBIT growth 5Y21.17%
EBIT Next Year35.52%
EBIT Next 3Y17.51%
EBIT Next 5Y13.81%
FCF growth 1Y-13.67%
FCF growth 3Y4.98%
FCF growth 5Y22.78%
OCF growth 1Y-12.85%
OCF growth 3Y3.84%
OCF growth 5Y17.67%