Fluidra (ES:FDR)
BME:FDR
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Fluidra
(BME:FDR)
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Rating:62Neutral
Price Target:
€20.50
▼(-3.48% Downside)
Action:ReiteratedDate:03/01/26
The score is driven primarily by solid and improving financial performance (better 2025 margins and strong free-cash-flow rebound) but is held back by weak technical momentum (price below key moving averages with negative MACD). Valuation is neither clearly attractive nor extreme, with a higher P/E partly offset by a moderate dividend yield.
Positive Factors
Strong free cash flow generation
A large FCF rebound and FCF covering ~88% of net income improves durable financial flexibility. Sustained cash generation supports capex, aftermarket investment, dividends or M&A and reduces refinancing risk across business cycles, strengthening long-term resilience.
Negative Factors
Uneven top-line growth
Irregular revenue trends indicate sensitivity to pool construction cycles and regional demand swings. Uneven top-line makes medium-term forecasting and capacity planning harder, increasing earnings volatility and the risk that shortfalls could strain margins and cash conversion.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong free cash flow generation
A large FCF rebound and FCF covering ~88% of net income improves durable financial flexibility. Sustained cash generation supports capex, aftermarket investment, dividends or M&A and reduces refinancing risk across business cycles, strengthening long-term resilience.
Read all positive factors
Fluidra (FDR) vs. iShares MSCI Spain ETF (EWP)
Market Cap
€3.65B
Dividend Yield2.34%
Average Volume (3M)178.46K
Price to Earnings (P/E)20.4
Beta (1Y)0.87
Revenue Growth2.11%
EPS Growth16.71%
CountryES
Employees6,328
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)0.78
Shares Outstanding192,129,070
10 Day Avg. Volume147,056
30 Day Avg. Volume178,458
Financial Highlights & Ratios
PEG Ratio0.91
Price to Book (P/B)2.76
Price to Sales (P/S)1.98
P/FCF Ratio14.56
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€26.12Price Target Upside22.96% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
EPS Forecast (FY)1.31
Revenue Forecast (FY)€2.27B
Fluidra Business Overview & Revenue Model
Company Description
Fluidra, S.A., together with its subsidiaries, manufactures and markets accessories and machineries for swimming pools, irrigation, and water treatment and purification for private and public customers worldwide. The company manufactures and distr...
How the Company Makes Money
Fluidra makes money primarily by selling swimming pool and wellness equipment, replacement parts, and related solutions through distribution and professional trade channels. Its revenue model is largely product-driven: (1) New pool/renovation dema...
Fluidra Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
64
Positive
Cash Flow
74
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.22B | 2.14B | 2.08B | 2.43B | 2.22B |
| Gross Profit | 706.90M | 1.25B | 1.14B | 1.28B | 1.20B |
| EBITDA | 471.30M | 417.62M | 383.52M | 436.20M | 496.12M |
| Net Income | 176.03M | 138.07M | 113.83M | 159.93M | 252.36M |
Balance Sheet | |||||
| Total Assets | 3.41B | 3.64B | 3.51B | 3.77B | 3.51B |
| Cash, Cash Equivalents and Short-Term Investments | 120.65M | 162.21M | 111.30M | 81.33M | 98.60M |
| Total Debt | 1.36B | 1.32B | 1.33B | 1.46B | 1.17B |
| Total Liabilities | 1.81B | 1.98B | 1.93B | 2.09B | 1.88B |
| Stockholders Equity | 1.59B | 1.65B | 1.57B | 1.67B | 1.61B |
Cash Flow | |||||
| Free Cash Flow | 302.07M | 237.49M | 364.80M | 41.91M | 271.16M |
| Operating Cash Flow | 342.61M | 310.60M | 428.93M | 120.28M | 342.58M |
| Investing Cash Flow | -183.84M | -74.29M | -94.26M | -94.35M | -504.10M |
| Financing Cash Flow | -181.43M | -190.59M | -293.29M | -37.98M | 18.12M |
Fluidra Technical Analysis
Neutral
21.24
Price Trends
21.92
Negative
23.05
Negative
23.14
Negative
Market Momentum
-0.06
Negative
58.94
Neutral
66.05
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ES:FDR, the sentiment is Neutral. The current price of 21.24 is above the 20-day moving average (MA) of 20.27, below the 50-day MA of 21.92, and below the 200-day MA of 23.14, indicating a neutral trend. The MACD of -0.06 indicates Negative momentum. The RSI at 58.94 is Neutral, neither overbought nor oversold. The STOCH value of 66.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for ES:FDR.
Fluidra Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | €3.28B | 8.55 | -3.10% | 13.00% | 15.15% | ― | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | €3.65B | 20.40 | 11.06% | 2.34% | 2.11% | 16.71% | |
60 Neutral | €14.00B | ― | 18.00% | 2.87% | 5.45% | 90.20% | |
55 Neutral | €5.27B | ― | 5.36% | 4.49% | 6.93% | -64.18% | |
53 Neutral | €3.74B | 22.38 | 9.97% | 5.28% | 1.75% | -19.54% | |
40 Underperform | €309.05M | -3.22 | -20.66% | 2.27% | -6.08% | -359.61% |
* Industrials Sector Average
ES:FDR
Fluidra
19.23
-0.70
-3.49%
ES:ANA
Acciona
256.20
133.69
109.12%
ES:ENO
Elecnor
38.75
20.61
113.60%
ES:ECR
Ercros SA
3.38
0.38
12.48%
ES:FCC
Fomento de Construcciones y Contratas
11.14
0.76
7.27%
ES:SCYR
Sacyr SA
4.74
1.49
45.76%
Fluidra Corporate Events
Fluidra Posts Preliminary 1Q 2026 Figures and Flags Risks Around Performance Measures
May 7, 2026
Fluidra reported its first-quarter 2026 financial results under IFRS, emphasizing that the figures are preliminary, unaudited and may be subject to change, and that some metrics are presented as alternative performance measures used internally for...
Fluidra Delivers Solid Q1 2026 and Sticks to Guidance Amid Expansion Drive
May 7, 2026
Fluidra reported a solid start to 2026, with first-quarter sales rising 5.4% at constant exchange rates to 564 million euros, as all regions delivered growth on the back of both volume and price gains. Adjusted EBITDA increased 1.8% to 124 million...
Fluidra Shareholders Approve 2025 Accounts and Two-Part Dividend Payout
May 7, 2026
Fluidra’s ordinary general shareholders’ meeting on 6 May 2026 approved the company’s and the consolidated group’s annual accounts and management report for the year ended 31 December 2025, as well as the consolidated non-f...
Fluidra refreshes board committees after shareholder meeting, balancing independent and proprietary oversight
May 7, 2026
Fluidra has refreshed the composition of its governing committees following shareholder approvals at its May 6, 2026 meeting, reappointing proprietary director José Manuel Vargas to both the Executive Committee and the Appointments and Remune...
Fluidra Schedules May 6 Release of Q1 2026 Results and Webcast
Apr 16, 2026
Fluidra announced it will publish its financial results for the first quarter of 2026 on May 6 before the market opens, followed by a live webcast presentation for analysts and institutional investors later that morning. The company will host a te...
Fluidra Reports Q1 2026 Activity Under Share Liquidity Contract
Apr 10, 2026
Fluidra has updated the market on activity under its share liquidity contract with Banco de Sabadell, originally set up with 80,000 shares and €720,000 in cash to support orderly trading in its stock. As of the end of the first quarter of 20...
Fluidra Extends €450 Million Revolving Credit Facility to 2029
Mar 25, 2026
Fluidra has amended its syndicated financing agreement to refinance and extend its revolving credit facility, replacing the existing commitments with new revolving financing totaling €450 million. The maturity of the revolving credit facilit...
Fluidra Executes March Tranche of Share Buyback for Employee Incentive Plan
Mar 24, 2026
Fluidra has disclosed a new tranche of transactions under its ongoing share buyback programme, which is designed to fund a global share purchase incentive plan for employees. The programme, previously launched and later extended, underscores the c...
Fluidra reshapes board committees after proprietary director’s resignation
Feb 25, 2026
Fluidra has announced several board and committee changes following the resignation of proprietary director M. Steven Langman, who represented major shareholder Piscine Luxembourg Holdings 1 S.à r.l. and stepped down from the board and the Ap...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.