Fluidra (ES:FDR)
BME:FDR
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Fluidra
(BME:FDR)
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Rating:62Neutral
Price Target:
€21.00
▼(-1.13% 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
Recurring aftermarket revenue
Fluidra's installed-base aftermarket model generates repeat purchases for consumables, replacement parts and upgrades. That structural revenue stream reduces reliance on new-build cycles, supports recurring cashflows and stabilizes revenue and margin visibility over time.
Negative Factors
Elevated leverage
Moderate-to-elevated leverage limits balance-sheet flexibility and raises sensitivity to rate or demand shocks. A ~0.85x debt/equity ratio constrains capacity for large M&A, aggressive buybacks or rapid deleveraging without sustained excess cash generation over multiple quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring aftermarket revenue
Fluidra's installed-base aftermarket model generates repeat purchases for consumables, replacement parts and upgrades. That structural revenue stream reduces reliance on new-build cycles, supports recurring cashflows and stabilizes revenue and margin visibility over time.
Read all positive factors
Fluidra (FDR) vs. iShares MSCI Spain ETF (EWP)
Market Cap
€3.76B
Dividend Yield2.34%
Average Volume (3M)178.46K
Price to Earnings (P/E)84.4
Beta (1Y)0.89
Revenue Growth6.00%
EPS Growth37.95%
CountryES
Employees6,328
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)0.18
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
€26.87Price Target Upside26.49% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
EPS Forecast (FY)1.34
Revenue Forecast (FY)€2.28B
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
Negative
21.24
Price Trends
23.28
Negative
23.41
Negative
23.17
Negative
Market Momentum
-1.18
Positive
30.51
Neutral
50.03
Neutral
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 21.24 is above the 20-day moving average (MA) of 20.63, below the 50-day MA of 23.28, and below the 200-day MA of 23.17, indicating a bearish trend. The MACD of -1.18 indicates Positive momentum. The RSI at 30.51 is Neutral, neither overbought nor oversold. The STOCH value of 50.03 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | €3.26B | 10.56 | -46.16% | 3.23% | -2.79% | 0.61% | |
67 Neutral | €2.75B | 18.70 | -3.10% | 13.00% | 11.61% | -212.68% | |
65 Neutral | €2.75B | 14.43 | 15.04% | 1.65% | -5.27% | 27.73% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | €3.76B | 84.40 | 11.06% | 2.34% | 6.00% | 37.95% | |
55 Neutral | €4.93B | ― | 7.94% | 4.49% | 5.00% | -64.19% | |
53 Neutral | €3.27B | 32.80 | 8.86% | 5.28% | 2.03% | -32.59% |
* Industrials Sector Average
ES:FDR
Fluidra
19.82
-2.69
-11.95%
ES:CIE
CIE Automotive
27.20
4.63
20.51%
ES:ENO
Elecnor
32.50
16.64
104.88%
ES:FCC
Fomento de Construcciones y Contratas
10.42
0.11
1.10%
ES:SCYR
Sacyr SA
4.15
0.86
26.10%
ES:VID
Vidrala
78.30
-10.83
-12.15%
Fluidra Corporate Events
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...
Fluidra Sets February Date to Present FY 2025 Results to Market
Feb 3, 2026
Fluidra has announced that it will publish its full-year 2025 financial results on Thursday, February 26, before the opening of European markets, and will present the figures to analysts and institutional investors via a webcast at 10:00 CET the s...
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.