Hayward Holdings (HAYW) AI Stock Analysis

• Market Cap: $3.52B
• Dividend Yield: N/A
• Average Volume (3M): 2.58M
• Price to Earnings (P/E): 27.6
• Beta (1Y): 0.88
• Revenue Growth: 8.77%
• EPS Growth: 43.40%
• Country: US
• Employees: 1,934
• Sector: Industrials
• Sector Strength: 76
• Industry: Electrical Equipment & Parts
• EPS (TTM): 0.24
• Shares Outstanding: 216,706,570
• 10 Day Avg. Volume: 2,525,281
• 30 Day Avg. Volume: 2,579,781
• PEG Ratio: 0.62
• Price to Book (P/B): 2.31
• Price to Sales (P/S): 3.13
• P/FCF Ratio: 17.51
• Enterprise Value/Market Cap: 1.06
• Enterprise Value/Revenue: 3.44
• Enterprise Value/Gross Profit: 6.74
• Enterprise Value/Ebitda: 14.93
• 1Y Price Target: $17.75
• Price Target Upside: 9.10% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 4

• Rating: 73 Outperform
• Price Target: $17.00 ▲(4.49% Upside)

Hayward Holdings' stock score is driven by its robust financial performance and positive earnings call, reflecting strong profitability and strategic growth initiatives. Technical analysis supports a bullish trend, further enhancing the score. However, the relatively high valuation tempers the overall score, pointing to potential overvaluation concerns.

Positive Factors

Debt Management

Debt management has been impressive, and with leverage at a comfortable level, M&A activity is increasingly likely.

Earnings

Shares were up after better sales and impressive gross margins drove a 5% EBITDA beat.

Product Innovation

Hayward has shown strong innovation with products such as the microchannel heat pump and its introduction of OmniX products, which we expect to drive share in coming years.

Negative Factors

Consumer Spending

Increasing risks to US consumer spending and the deterioration in housing fundamentals push out expectations for a recovery in the pool market.

Cost Pressures

Gross margins will decline from second-quarter levels as COGS rises and tariff costs are passed on.

Economic Risks

The risks of a consumer-led recession have risen meaningfully.

Hayward Holdings Business Overview & Revenue Model

Company Description

Hayward Holdings, Inc. designs, manufactures, and markets a portfolio of pool equipment and associated automation systems in North America, Europe, and internationally. The company offers residential and commercial pool equipment, including pumps, filters, heaters, automatic pool cleaners, LED lighting, Internet of things enabled controls, alternate sanitizers, and water features. It sells its products through specialty distributors, retailers, and buying groups. Hayward Holdings, Inc. was founded in 1925 and is headquartered in Charlotte, North Carolina.

How the Company Makes Money

Hayward Holdings generates revenue primarily through the sale of its pool equipment and associated automation systems. The company capitalizes on both new pool construction and the aftermarket, providing replacement and upgrade products for existing pool infrastructures. Key revenue streams include the sale of pumps, filters, heaters, sanitizers, and automation solutions. Hayward's earnings are further supported by its extensive distribution network, which includes partnerships with pool builders, retailers, and service professionals. The company's focus on energy-efficient and sustainable products also appeals to environmentally conscious consumers, bolstering its market position and revenue potential.

Hayward Holdings Financial Statement Overview

Summary

Hayward Holdings presents a solid financial position with improving profitability and cash flow metrics. The company has effectively reduced its leverage while maintaining stable margins and enhancing cash generation capabilities. Continued focus on revenue growth and cost management will further strengthen its financial health.

Income Statement

Hayward Holdings has shown moderate revenue growth, with a slight increase in total revenue from the previous year. Gross profit margins remain healthy at around 51% in TTM, though slightly below the industry leaders. Net profit margins have improved to approximately 12% in TTM, indicating better cost management and profitability. EBIT and EBITDA margins are stable, reflecting consistent operational efficiency.

Balance Sheet

The company exhibits a robust equity position with an equity ratio of approximately 49% in TTM. The debt-to-equity ratio shows substantial improvement, indicating reduced leverage and enhanced financial stability. Return on equity has improved to about 8.7% in TTM, showcasing better utilization of equity for generating profits.

Cash Flow

Hayward Holdings displays strong cash flow performance, with free cash flow growth demonstrating positive trends. Operating cash flow to net income ratio is robust, reflecting efficient cash generation relative to profits. The free cash flow to net income ratio also indicates effective management of capital expenditures and cash reserves.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.08B	1.05B	992.45M	1.31B	1.40B	875.40M
Gross Profit	552.30M	530.76M	476.95M	597.03M	655.78M	397.00M
EBITDA	249.35M	208.79M	227.75M	356.87M	390.82M	188.10M
Net Income	130.37M	118.66M	80.69M	179.35M	203.72M	43.30M
Balance Sheet
Total Assets	3.04B	2.99B	2.95B	2.88B	2.98B	2.61B
Cash, Cash Equivalents and Short-Term Investments	365.05M	196.59M	203.10M	56.18M	265.80M	114.90M
Total Debt	971.59M	975.39M	1.16B	1.10B	985.28M	1.30B
Total Liabilities	1.54B	1.57B	1.63B	1.65B	1.61B	2.40B
Stockholders Equity	1.50B	1.42B	1.31B	1.22B	1.37B	209.20M
Cash Flow
Free Cash Flow	164.59M	187.78M	153.55M	86.32M	160.37M	198.20M
Operating Cash Flow	190.59M	212.07M	184.54M	115.94M	187.51M	213.80M
Investing Cash Flow	-19.69M	-54.13M	-55.38M	-92.57M	-48.78M	-13.00M
Financing Cash Flow	-21.23M	-136.79M	-7.61M	-229.24M	10.96M	-135.10M

Hayward Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 16.27
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HAYW, the sentiment is Positive. The current price of 16.27 is above the 20-day moving average (MA) of 15.83, above the 50-day MA of 14.97, and above the 200-day MA of 14.60, indicating a bullish trend. The MACD of 0.37 indicates Negative momentum. The RSI at 59.57 is Neutral, neither overbought nor oversold. The STOCH value of 56.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HAYW.

Hayward Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ENS	80 Outperform	$3.82B	11.63	19.13%	0.94%	3.73%	32.29%
POWL	80 Outperform	$3.30B	18.98	34.00%	0.39%	14.32%	33.76%
ENR	77 Outperform	$1.90B	8.01	164.19%	4.27%	1.15%	2358.45%
AEIS	75 Outperform	$5.82B	69.42	7.04%	0.26%	8.49%	-7.65%
HAYW	73 Outperform	$3.52B	27.61	9.13%	―	8.77%	43.40%
ATKR	65 Neutral	$1.98B	18.93	7.29%	2.18%	-12.09%	-78.18%
Sector *	64 Neutral	$10.95B	16.37	8.81%	1.96%	2.68%	-15.33%

Hayward Holdings Corporate Events

Hayward Holdings Reports Strong Q2 2025 Financial Results

Hayward Holdings reported strong financial results for the second quarter of fiscal year 2025, with net sales increasing by 5% to $299.6 million and net income rising by 19% to $44.8 million. The company achieved record gross profit margins and improved financial flexibility by reducing net leverage. Despite challenges such as inflation and tariffs, Hayward’s strategic execution and robust aftermarket model contributed to its positive performance. The company refined its 2025 guidance, expecting net sales to grow by 2% to 5% compared to the previous year, driven by favorable market trends in the pool industry and increased adoption of its SmartPad™ products.

The most recent analyst rating on (HAYW) stock is a Hold with a $16.00 price target. To see the full list of analyst forecasts on Hayward Holdings stock, see the HAYW Stock Forecast page.

Hayward Holdings Amends ABL Credit Agreement

On June 18, 2025, Hayward Holdings, through its subsidiaries, entered into the Fifth Amendment to the ABL Credit Agreement with Bank of America and other lenders. This amendment extends the maturity date of the revolving facility to February 25, 2028, removes the 10 basis points credit spread adjustment for Secured Overnight Financing Rate borrowings, and eliminates the first-in, last-out subfacility.

The most recent analyst rating on (HAYW) stock is a Hold with a $18.00 price target. To see the full list of analyst forecasts on Hayward Holdings stock, see the HAYW Stock Forecast page.

Hayward Holdings Holds Annual Stockholders Meeting

On May 22, 2025, Hayward Holdings, Inc. conducted its Annual Meeting of Stockholders, where key decisions were made. The election of directors resulted in Ronald Keating, Lawrence Silber, and Edward Ward being elected to serve until 2028. Additionally, the compensation for the company’s named executive officers was approved on an advisory basis, and PricewaterhouseCoopers LLP was ratified as the independent registered public accountants for the fiscal year ending December 31, 2025.

The most recent analyst rating on (HAYW) stock is a Hold with a $18.00 price target. To see the full list of analyst forecasts on Hayward Holdings stock, see the HAYW Stock Forecast page.