Fluidra (FDR) AI Stock Analysis

• Market Cap: €4.59B
• Dividend Yield: 2.4%
• Average Volume (3M): 178.46K
• Price to Earnings (P/E): 25.8
• Beta (1Y): 0.89
• Revenue Growth: 6.00%
• EPS Growth: 37.95%
• Country: ES
• Employees: 6,328
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Industrial - Machinery
• EPS (TTM): 0.22
• Shares Outstanding: 192,129,070
• 10 Day Avg. Volume: 147,056
• 30 Day Avg. Volume: 178,458
• PEG Ratio: 1.49
• Price to Book (P/B): 2.71
• Price to Sales (P/S): 2.09
• P/FCF Ratio: 18.80
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €26.04
• Price Target Upside: 13.81% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 5
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 72 Outperform
• Price Target: €28.00 ▲(22.38% Upside)

Fluidra's strong technical indicators and stable financial performance are the primary drivers of its score. While the stock shows positive momentum, the valuation suggests it may be slightly overvalued. The lack of earnings call data and corporate events means these factors did not influence the score.

Fluidra Business Overview & Revenue Model

Company Description

Fluidra (FDR) is a global leader in the pool and wellness sector, specializing in the manufacture and distribution of products and solutions for residential and commercial swimming pools, spas, and wellness facilities. The company operates in several sectors, including pool equipment, water treatment, and irrigation systems, offering a comprehensive range of core products such as filtration systems, pumps, heaters, and automation solutions, aimed at enhancing the swimming experience and promoting sustainability.

How the Company Makes Money

Fluidra generates revenue through multiple key streams, primarily from the sale of pool and spa equipment, water treatment solutions, and related accessories. The company's revenue model is heavily reliant on both direct sales to consumers and business-to-business transactions with distributors, contractors, and retailers. Significant partnerships with industry players enhance its market reach and bolster sales. Additionally, Fluidra benefits from recurring revenue through the sale of maintenance services and consumables, such as chemicals and spare parts. The company's focus on innovation and sustainability also enables it to capture market share in the growing sectors of energy-efficient and environmentally-friendly pool solutions.

Fluidra Financial Statement Overview

Summary

Fluidra shows stable financial performance with solid profitability and moderate revenue growth. The company maintains a balanced financial structure with manageable debt levels. However, a decline in free cash flow and slight dip in revenue from 2022 to 2023 pose potential risks.

Income Statement

Fluidra's income statement shows solid profitability with a gross profit margin of 58.45% and a net profit margin of 6.46% for the latest year. The company has managed to increase its total revenue by 2.53% compared to the previous year, indicating modest growth. However, there was a decline in revenue from 2022 to 2023, which could be a concern. EBIT and EBITDA margins of 12.16% and 19.55% respectively reveal healthy operating efficiency, though they have slightly decreased compared to previous years.

Balance Sheet

The balance sheet reflects a stable financial position with a debt-to-equity ratio of 0.80, which is moderate and manageable. The equity ratio stands at 45.30%, indicating a balanced mix of debt and equity financing. Return on equity (ROE) is at 8.38%, showing decent profitability for shareholders, though there is room for improvement in generating higher returns.

Cash Flow

Fluidra's cash flow analysis reveals a decrease in free cash flow by 34.92% from the previous year, which indicates potential challenges in cash generation. The operating cash flow to net income ratio of 2.25 reflects strong cash generation capability relative to net income. However, the decline in free cash flow signifies potential issues in managing capital expenditures and operational cash needs.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.18B	2.14B	2.08B	2.43B	2.22B	1.51B
Gross Profit	1.12B	1.25B	1.14B	1.28B	1.20B	823.65M
EBITDA	477.78M	417.62M	383.52M	436.20M	496.12M	296.87M
Net Income	161.68M	138.07M	113.83M	159.93M	252.36M	96.39M
Balance Sheet
Total Assets	3.59B	3.64B	3.51B	3.77B	3.51B	2.81B
Cash, Cash Equivalents and Short-Term Investments	112.96M	162.21M	111.30M	81.33M	98.60M	236.50M
Total Debt	1.27B	1.32B	1.33B	1.46B	1.17B	805.26M
Total Liabilities	2.03B	1.98B	1.93B	2.09B	1.88B	1.38B
Stockholders Equity	1.55B	1.65B	1.57B	1.67B	1.61B	1.42B
Cash Flow
Free Cash Flow	178.16M	237.49M	364.80M	41.91M	271.16M	250.75M
Operating Cash Flow	245.34M	310.60M	428.93M	120.28M	342.58M	292.06M
Investing Cash Flow	-123.35M	-74.29M	-94.26M	-94.35M	-504.10M	-60.68M
Financing Cash Flow	-118.02M	-190.59M	-293.29M	-37.98M	18.12M	-238.17M

Fluidra Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 22.88
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ES:FDR, the sentiment is Negative. The current price of 22.88 is below the 20-day moving average (MA) of 23.65, below the 50-day MA of 23.69, and above the 200-day MA of 22.37, indicating a neutral trend. The MACD of -0.11 indicates Positive momentum. The RSI at 42.16 is Neutral, neither overbought nor oversold. The STOCH value of 16.10 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ES:FDR.

Fluidra Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CIE	75 Outperform	€3.46B	10.56	23.31%	3.18%	-2.79%	0.61%
FDR	72 Outperform	€4.59B	25.83	11.34%	2.40%	6.00%	37.95%
VID	72 Outperform	€2.86B	10.05	17.47%	1.80%	-5.27%	27.73%
FCC	70 Outperform	€5.39B	22.76	5.28%	4.47%	5.00%	-64.19%
SCYR	65 Neutral	€2.98B	32.17	10.80%	5.41%	2.03%	-32.59%
ENO	62 Neutral	€2.42B	―	-6.79%	29.00%	11.61%	-212.68%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%