Pool Corporation

DB:SP1 Stock Report

Market Cap: €13.6b

Pool Valuation

Is SP1 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of SP1 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SP1 (€355) is trading above our estimate of fair value (€327.47)

Significantly Below Fair Value: SP1 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SP1?

Key metric: As SP1 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for SP1. This is calculated by dividing SP1's market cap by their current earnings.
What is SP1's PE Ratio?
PE Ratio32.1x
EarningsUS$446.12m
Market CapUS$14.34b

Price to Earnings Ratio vs Peers

How does SP1's PE Ratio compare to its peers?

The above table shows the PE ratio for SP1 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average27.1x
MDN Medion
32.2xn/a€647.9m
ZAL Zalando
36.5x21.9%€7.4b
FIE Fielmann Group
23.3x18.9%€3.3b
GPC Genuine Parts
16.2x7.7%US$17.6b
SP1 Pool
32.1x6.2%€14.3b

Price-To-Earnings vs Peers: SP1 is expensive based on its Price-To-Earnings Ratio (32.1x) compared to the peer average (27.1x).

Price to Earnings Ratio vs Industry

How does SP1's PE Ratio compare vs other companies in the European Retail Distributors Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
SP1 32.1xIndustry Avg. 13.1xNo. of Companies5PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SP1 is expensive based on its Price-To-Earnings Ratio (32.1x) compared to the European Retail Distributors industry average (13.4x).

Price to Earnings Ratio vs Fair Ratio

What is SP1's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SP1 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio32.1x
Fair PE Ratio14.4x

Price-To-Earnings vs Fair Ratio: SP1 is expensive based on its Price-To-Earnings Ratio (32.1x) compared to the estimated Fair Price-To-Earnings Ratio (14.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst SP1 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€355.00
€354.18
-0.2%
9.0%€416.79€310.28n/a10
Nov ’25€329.70
€353.53
+7.2%
9.0%€416.03€309.71n/a10
Oct ’25€336.00
€330.02
-1.8%
9.9%€383.42€286.41n/a10
Sep ’25€314.00
€330.02
+5.1%
9.9%€383.42€286.41n/a10
Aug ’25€343.90
€330.02
-4.0%
9.9%€383.42€286.41n/a10
Jul ’25€285.20
€311.64
+9.3%
10.2%€352.55€270.60n/a11
Jun ’25€327.10
€359.82
+10.0%
8.1%€396.29€312.95n/a11
May ’25€343.20
€364.59
+6.2%
7.7%€399.20€315.25n/a12
Apr ’25€377.40
€365.58
-3.1%
6.9%€404.17€322.60n/a13
Mar ’25€362.40
€360.33
-0.6%
6.5%€391.68€320.72n/a12
Feb ’25€342.30
€355.22
+3.8%
8.4%€399.82€285.05n/a12
Jan ’25€360.00
€342.30
-4.9%
7.2%€381.36€279.66n/a12
Dec ’24€316.80
€343.61
+8.5%
9.9%€393.88€288.84n/a10
Nov ’24€301.70
€343.61
+13.9%
9.9%€393.88€288.84€329.7010
Oct ’24€332.40
€344.24
+3.6%
10.5%€389.40€283.94€336.0010
Sep ’24€335.90
€344.24
+2.5%
10.5%€389.40€283.94€314.0010
Aug ’24€346.80
€344.24
-0.7%
10.5%€389.40€283.94€343.9010
Jul ’24€343.80
€348.92
+1.5%
10.9%€405.93€287.34€285.2010
Jun ’24€294.30
€357.91
+21.6%
10.9%€416.39€294.75€327.1010
May ’24€317.00
€348.16
+9.8%
10.2%€402.95€285.23€343.2010
Apr ’24€305.70
€373.98
+22.3%
9.9%€434.75€302.43€377.4010
Mar ’24€330.30
€370.32
+12.1%
10.4%€431.99€300.51€362.409
Feb ’24€351.60
€329.72
-6.2%
11.4%€384.89€266.67€342.3010
Jan ’24€285.60
€323.64
+13.3%
10.1%€395.26€273.86€360.0010
Dec ’23€317.90
€351.00
+10.4%
9.0%€421.47€306.07€316.809
Nov ’23€309.00
€351.00
+13.6%
9.0%€421.47€306.07€301.709

Analyst Forecast: Target price is less than 20% higher than the current share price.

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