LATHAM GROUP INC (SWIM) Stock Fundamental Analysis
NASDAQ:SWIM - Nasdaq - US51819L1070 - Common Stock - Currency: USD
Overall SWIM gets a fundamental rating of 3 out of 10. We evaluated SWIM against 31 industry peers in the Leisure Products industry. While SWIM seems to be doing ok healthwise, there are quite some concerns on its profitability. SWIM is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year SWIM was profitable.
In the past year SWIM had a positive cash flow from operations.
SWIM had negative earnings in 4 of the past 5 years.
SWIM had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a Return On Assets value of -1.94%, SWIM perfoms like the industry average, outperforming 53.13% of the companies in the same industry.
The Return On Equity of SWIM (-4.19%) is comparable to the rest of the industry.
SWIM has a Return On Invested Capital (1.64%) which is in line with its industry peers.
The Average Return On Invested Capital over the past 3 years for SWIM is significantly below the industry average of 7.91%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.94% | ||
| ROE | -4.19% | ||
| ROIC | 1.64% |
ROA(3y)-1.06%
ROA(5y)-1.71%
ROE(3y)-2.23%
ROE(5y)-3.39%
ROIC(3y)2.63%
ROIC(5y)N/A
1.3 Margins
Looking at the Operating Margin, with a value of 3.03%, SWIM is in the better half of the industry, outperforming 62.50% of the companies in the same industry.
In the last couple of years the Operating Margin of SWIM has declined.
With a Gross Margin value of 30.64%, SWIM perfoms like the industry average, outperforming 56.25% of the companies in the same industry.
In the last couple of years the Gross Margin of SWIM has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 3.03% | ||
| PM (TTM) | N/A | ||
| GM | 30.64% |
OM growth 3YN/A
OM growth 5Y-16.82%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-2.27%
GM growth 5Y-0.42%
2. Health
2.1 Basic Checks
SWIM 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 SWIM has been increased compared to 1 year ago.
Compared to 5 years ago, SWIM has less shares outstanding
SWIM has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 1.81 indicates that SWIM is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of SWIM (1.81) is worse than 62.50% of its industry peers.
SWIM has a debt to FCF ratio of 10.10. This is a negative value and a sign of low solvency as SWIM would need 10.10 years to pay back of all of its debts.
With a Debt to FCF ratio value of 10.10, SWIM perfoms like the industry average, outperforming 53.13% of the companies in the same industry.
SWIM has a Debt/Equity ratio of 0.80. This is a neutral value indicating SWIM is somewhat dependend on debt financing.
SWIM has a Debt to Equity ratio of 0.80. This is in the lower half of the industry: SWIM underperforms 62.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.8 | ||
| Debt/FCF | 10.1 | ||
| Altman-Z | 1.81 |
ROIC/WACC0.17
WACC9.72%
2.3 Liquidity
A Current Ratio of 2.55 indicates that SWIM has no problem at all paying its short term obligations.
The Current ratio of SWIM (2.55) is comparable to the rest of the industry.
A Quick Ratio of 1.50 indicates that SWIM should not have too much problems paying its short term obligations.
With a decent Quick ratio value of 1.50, SWIM is doing good in the industry, outperforming 62.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.55 | ||
| Quick Ratio | 1.5 |
3. Growth
3.1 Past
SWIM shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -95.65%.
SWIM shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -75.96% yearly.
SWIM shows a decrease in Revenue. In the last year, the revenue decreased by -5.58%.
SWIM shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 9.84% yearly.
EPS 1Y (TTM)-95.65%
EPS 3Y-75.96%
EPS 5YN/A
EPS Q2Q%0%
Revenue 1Y (TTM)-5.58%
Revenue growth 3Y-6.92%
Revenue growth 5Y9.84%
Sales Q2Q%0.72%
3.2 Future
Based on estimates for the next years, SWIM will show a very strong growth in Earnings Per Share. The EPS will grow by 192.36% on average per year.
The Revenue is expected to grow by 6.54% on average over the next years.
EPS Next Y1001.6%
EPS Next 2Y301.87%
EPS Next 3Y192.36%
EPS Next 5YN/A
Revenue Next Year7.52%
Revenue Next 2Y6.69%
Revenue Next 3Y6.54%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
SWIM is valuated quite expensively with a Price/Earnings ratio of 688.00.
SWIM's Price/Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Earnings ratio of 28.04, SWIM is valued quite expensively.
A Price/Forward Earnings ratio of 42.60 indicates a quite expensive valuation of SWIM.
SWIM's Price/Forward Earnings ratio is in line with the industry average.
When comparing the Price/Forward Earnings ratio of SWIM to the average of the S&P500 Index (37.64), we can say SWIM is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 688 | ||
| Fwd PE | 42.6 |
4.2 Price Multiples
SWIM's Enterprise Value to EBITDA ratio is in line with the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of SWIM is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 26.07 | ||
| EV/EBITDA | 17.56 |
4.3 Compensation for Growth
SWIM's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
SWIM's earnings are expected to grow with 192.36% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.69
PEG (5Y)N/A
EPS Next 2Y301.87%
EPS Next 3Y192.36%
5. Dividend
5.1 Amount
SWIM does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
6.88
-0.04 (-0.58%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryLeisure Products
Earnings (Last)
Earnings (Next)
Inst Owners87.06%
Inst Owner Change0.13%
Ins Owners7.49%
Ins Owner Change-12.69%
Market Cap800.63M
Analysts80
Price Target7.29 (5.96%)
Short Float %5.39%
Short Ratio9.1
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-37.07%
Min EPS beat(2)-110.88%
Max EPS beat(2)36.75%
EPS beat(4)3
Avg EPS beat(4)68.85%
Min EPS beat(4)-110.88%
Max EPS beat(4)328.87%
EPS beat(8)5
Avg EPS beat(8)62.55%
EPS beat(12)8
Avg EPS beat(12)48.66%
EPS beat(16)12
Avg EPS beat(16)63.76%
Revenue beat(2)1
Avg Revenue beat(2)-0.72%
Min Revenue beat(2)-1.66%
Max Revenue beat(2)0.23%
Revenue beat(4)1
Avg Revenue beat(4)-1.34%
Min Revenue beat(4)-3.12%
Max Revenue beat(4)0.23%
Revenue beat(8)4
Avg Revenue beat(8)0.53%
Revenue beat(12)6
Avg Revenue beat(12)0.62%
Revenue beat(16)10
Avg Revenue beat(16)1.2%
PT rev (1m)1.01%
PT rev (3m)0.5%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-10.5%
EPS NY rev (1m)0%
EPS NY rev (3m)-9.75%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.08%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.75%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 688 | ||
| Fwd PE | 42.6 | ||
| P/S | 1.57 | ||
| P/FCF | 26.07 | ||
| P/OCF | 16.36 | ||
| P/B | 2.1 | ||
| P/tB | N/A | ||
| EV/EBITDA | 17.56 |
EPS(TTM)0.01
EY0.15%
EPS(NY)0.16
Fwd EY2.35%
FCF(TTM)0.26
FCFY3.84%
OCF(TTM)0.42
OCFY6.11%
SpS4.38
BVpS3.28
TBVpS-0.54
PEG (NY)0.69
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.94% | ||
| ROE | -4.19% | ||
| ROCE | 2.08% | ||
| ROIC | 1.64% | ||
| ROICexc | 1.7% | ||
| ROICexgc | 4.45% | ||
| OM | 3.03% | ||
| PM (TTM) | N/A | ||
| GM | 30.64% | ||
| FCFM | 6.03% |
ROA(3y)-1.06%
ROA(5y)-1.71%
ROE(3y)-2.23%
ROE(5y)-3.39%
ROIC(3y)2.63%
ROIC(5y)N/A
ROICexc(3y)2.84%
ROICexc(5y)N/A
ROICexgc(3y)7.54%
ROICexgc(5y)N/A
ROCE(3y)3.33%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y-29.91%
ROICexc growth 3YN/A
ROICexc growth 5Y-16.75%
OM growth 3YN/A
OM growth 5Y-16.82%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-2.27%
GM growth 5Y-0.42%
F-Score3
Asset Turnover0.62
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.8 | ||
| Debt/FCF | 10.1 | ||
| Debt/EBITDA | 4.95 | ||
| Cap/Depr | 39.21% | ||
| Cap/Sales | 3.58% | ||
| Interest Coverage | 0.71 | ||
| Cash Conversion | 79.07% | ||
| Profit Quality | N/A | ||
| Current Ratio | 2.55 | ||
| Quick Ratio | 1.5 | ||
| Altman-Z | 1.81 |
F-Score3
WACC9.72%
ROIC/WACC0.17
Cap/Depr(3y)76.88%
Cap/Depr(5y)74.45%
Cap/Sales(3y)5.17%
Cap/Sales(5y)4.7%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-95.65%
EPS 3Y-75.96%
EPS 5YN/A
EPS Q2Q%0%
EPS Next Y1001.6%
EPS Next 2Y301.87%
EPS Next 3Y192.36%
EPS Next 5YN/A
Revenue 1Y (TTM)-5.58%
Revenue growth 3Y-6.92%
Revenue growth 5Y9.84%
Sales Q2Q%0.72%
Revenue Next Year7.52%
Revenue Next 2Y6.69%
Revenue Next 3Y6.54%
Revenue Next 5YN/A
EBIT growth 1Y-24.44%
EBIT growth 3YN/A
EBIT growth 5Y-8.63%
EBIT Next Year321.25%
EBIT Next 3Y74.63%
EBIT Next 5YN/A
FCF growth 1Y-5.06%
FCF growth 3Y67.85%
FCF growth 5Y8.42%
OCF growth 1Y-35.01%
OCF growth 3Y22.09%
OCF growth 5Y11.45%