Hayward Holdings (HAYW) AI Stock Analysis

• Market Cap: $3.06B
• Dividend Yield: N/A
• Average Volume (3M): 1.43M
• Price to Earnings (P/E): 25.1
• Beta (1Y): 0.88
• Revenue Growth: 7.34%
• EPS Growth: 48.64%
• Country: US
• Employees: 1,934
• Sector: Industrials
• Sector Strength: 87
• Industry: Electrical Equipment & Parts
• EPS (TTM): 0.10
• Shares Outstanding: 216,287,900
• 10 Day Avg. Volume: 1,386,677
• 30 Day Avg. Volume: 1,430,330
• PEG Ratio: -0.47
• Price to Book (P/B): 1.69
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 23.95
• Enterprise Value/Market Cap: 1.02
• Enterprise Value/Revenue: 0.76
• Enterprise Value/Gross Profit: 5.84
• Enterprise Value/Ebitda: 3.12
• 1Y Price Target: $15.63
• Price Target Upside: 12.20% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 6

• Rating: 69 Neutral
• Price Target: $15.50 ▲(11.27%Upside)

The overall score reflects a balanced view of Hayward Holdings' solid financial performance and positive earnings call insights, tempered by mixed technical indicators and a relatively high valuation.

Positive Factors

Cost Management

Accelerated cost reduction, productivity initiatives, and shifting sourcing and production to non-China locations and the U.S. are expected to offset the incremental costs.

Earnings

Shares reacted positively to a nice, broad-based first-quarter beat and maintained 2025 guidance despite the more uncertain macro and rising costs from tariffs.

Innovation

Hayward has shown strong innovation with products such as the microchannel heat pump and its introduction of OmniX products, which are expected 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.

Discretionary Spending

More discretionary remodel and upgrade revenue streams likely remain under pressure as consumers push larger spend items to the right.

Economic Risks

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

Hayward Holdings Business Overview & Revenue Model

Company Description

Hayward Holdings, Inc. (HAYW) is a leading global designer, manufacturer, and marketer of a broad portfolio of pool equipment and associated automation systems. The company operates primarily in the residential and commercial pool sectors, providing innovative products that include pumps, filters, heaters, sanitizers, and automation solutions. With a strong emphasis on energy efficiency and sustainability, Hayward Holdings serves both new pool construction and the aftermarket for existing pools, focusing on enhancing pool owners' experiences through easy-to-use and advanced technological solutions.

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 shows a solid financial performance with improvements in gross profit margins and consistent EBIT margins. The balance sheet is strong with a good equity position and reduced debt, but there is room for improvement in return on equity. Cash flow management is robust, with strong free cash flow growth and effective cash generation relative to net income.

Income Statement

Hayward Holdings demonstrates a solid financial performance with improving gross profit margins and consistent EBIT margins over the TTM. Revenue growth has been modest with a growth rate of 1.55% from the previous year. However, the company has seen a decline from its peak revenue levels in 2021, indicating some volatility. The net profit margin is healthy, reflecting effective cost management.

Balance Sheet

The balance sheet of Hayward Holdings shows a strong equity position with an equity ratio of 48.23% in TTM. The company has significantly reduced its total debt, which has improved the debt-to-equity ratio to 0.01, enhancing financial stability. However, the return on equity is moderate at 8.56%, suggesting room for improvement in generating returns on shareholder capital.

Cash Flow

Hayward Holdings exhibits robust cash flow management with a strong free cash flow growth rate of 38.20% in TTM. The operating cash flow to net income ratio of 2.30 indicates effective cash generation relative to net income. The free cash flow to net income ratio is 2.11, highlighting excellent cash flow conversion from earnings.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
1.07B	1.05B	992.45M	1.31B	1.40B	875.40M
	Gross Profit
532.60M	530.76M	476.95M	597.03M	655.78M	397.00M
	EBIT
212.28M	208.79M	175.22M	285.57M	317.97M	124.60M
	EBITDA
244.73M	208.79M	227.75M	356.87M	390.82M	188.10M
	Net Income Common Stockholders
123.15M	118.66M	80.69M	179.35M	203.72M	43.30M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
181.33M	196.59M	203.10M	56.18M	265.80M	114.90M
	Total Assets
2.98B	2.99B	2.95B	2.88B	2.98B	2.61B
	Total Debt
973.27M	975.39M	1.16B	1.10B	985.28M	1.30B
	Net Debt
791.94M	778.81M	985.03M	1.04B	719.48M	1.19B
	Total Liabilities
1.55B	1.57B	1.63B	1.65B	1.61B	2.40B
	Stockholders Equity
1.44B	1.42B	1.31B	1.22B	1.37B	209.20M
Cash Flow		Free Cash Flow
259.55M	187.78M	153.55M	86.32M	160.37M	198.20M
	Operating Cash Flow
283.42M	212.07M	184.54M	115.94M	187.51M	213.80M
	Investing Cash Flow
-79.36M	-54.13M	-55.38M	-92.57M	-48.78M	-13.00M
	Financing Cash Flow
-137.44M	-136.79M	-7.61M	-229.24M	10.96M	-135.10M

Hayward Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 13.93
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HAYW, the sentiment is Negative. The current price of 13.93 is below the 20-day moving average (MA) of 14.04, above the 50-day MA of 13.42, and below the 200-day MA of 14.60, indicating a neutral trend. The MACD of 0.06 indicates Positive momentum. The RSI at 44.20 is Neutral, neither overbought nor oversold. The STOCH value of 39.51 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HAYW.

Hayward Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
POWL	80 Outperform	$2.33B	13.21	37.08%	0.55%	27.43%	67.93%
AEIS	74 Outperform	$4.77B	63.46	6.36%	0.32%	0.06%	-28.32%
ATKR	73 Outperform	$2.27B	12.98	12.73%	1.97%	-12.02%	-67.69%
HAYW	69 Neutral	$3.06B	25.07	8.92%	―	7.34%	48.64%
ENS	67 Neutral	$3.52B	9.99	19.82%	1.08%	-2.94%	22.32%
Sector *	66 Neutral	$4.51B	12.22	5.40%	3.63%	4.14%	-12.01%
ENR	58 Neutral	$1.56B	28.28	33.46%	5.55%	0.39%	-37.01%

Hayward Holdings Corporate Events

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.

Hayward Holdings Expands Board with New Appointment

On March 20, 2025, Hayward Holdings expanded its Board of Directors from nine to ten members, appointing Ron Keating as an independent director. Keating, who brings extensive experience in the water industry and global business environments, will serve on the Compensation Committee. His appointment is expected to enhance Hayward’s strategic growth and shareholder value, leveraging his expertise from previous leadership roles at Excelitas Technologies and Evoqua Water Technologies.