Pool Corporation

DB:SP1 Stock Report

Market Cap: €7.3b

Pool Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • 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 (€195.1) is trading below our estimate of fair value (€272.06)

Significantly Below Fair Value: SP1 is trading below fair value by more than 20%.

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 Ratio21x
EarningsUS$410.09m
Market CapUS$8.61b

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 Average35.2x
ZAL Zalando
26.5x24.33%€6.4b
AG1 AUTO1 Group
75.4x31.42%€6.0b
FIE Fielmann Group
19.7x13.39%€3.6b
HBM HORNBACH Baumarkt
19xn/a€2.2b
SP1 Pool
21x5.98%€8.6b

Price-To-Earnings vs Peers: SP1 is good value based on its Price-To-Earnings Ratio (21x) compared to the peer average (35.2x).

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 21.0xIndustry Avg. 12.3xNo. of Companies5PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SP1 is expensive based on its Price-To-Earnings Ratio (21x) compared to the European Retail Distributors industry average (12.3x).

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 Ratio21x
Fair PE Ratio13.3x

Price-To-Earnings vs Fair Ratio: SP1 is expensive based on its Price-To-Earnings Ratio (21x) compared to the estimated Fair Price-To-Earnings Ratio (13.3x).

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€195.10
€274.73
+40.82%
11.22%€319.05€212.70n/a11
Dec ’26€213.30
€282.71
+32.54%
8.53%€321.98€244.70n/a11
Nov ’26€238.60
€282.71
+18.49%
8.53%€321.98€244.70n/a11
Oct ’26€260.40
€283.98
+9.06%
9.40%€319.54€242.85n/a11
Sep ’26€263.00
€287.18
+9.19%
9.40%€323.14€245.58n/a11
Aug ’26€267.00
€286.73
+7.39%
9.32%€323.51€245.87n/a11
Jul ’26€244.90
€280.75
+14.64%
8.12%€326.96€244.13n/a12
Jun ’26€264.20
€283.26
+7.21%
8.12%€329.89€246.32n/a12
May ’26€255.30
€285.12
+11.68%
7.81%€329.55€246.06n/a12
Apr ’26€291.80
€335.18
+14.87%
6.52%€369.72€300.40n/a11
Mar ’26€329.00
€349.49
+6.23%
5.95%€381.44€309.92n/a10
Feb ’26€334.20
€367.24
+9.89%
7.38%€402.76€325.12n/a10
Jan ’26€328.00
€353.64
+7.82%
8.97%€416.16€309.81n/a10
Dec ’25€354.70
€353.64
-0.30%
8.97%€416.16€309.81€213.3010
Nov ’25€329.70
€353.64
+7.26%
8.97%€416.16€309.81€238.6010
Oct ’25€336.00
€328.98
-2.09%
9.89%€382.22€285.51€260.4010
Sep ’25€314.00
€328.98
+4.77%
9.89%€382.22€285.51€263.0010
Aug ’25€343.90
€328.98
-4.34%
9.89%€382.22€285.51€267.0010
Jul ’25€285.20
€311.64
+9.27%
10.17%€352.55€270.60€244.9011
Jun ’25€327.10
€359.82
+10.00%
8.07%€396.29€312.95€264.2011
May ’25€343.20
€364.59
+6.23%
7.74%€399.20€315.25€255.3012
Apr ’25€377.40
€365.58
-3.13%
6.92%€404.17€322.60€291.8013
Mar ’25€362.40
€360.33
-0.57%
6.53%€391.68€320.72€329.0012
Feb ’25€342.30
€355.22
+3.78%
8.38%€399.82€285.05€334.2012
Jan ’25€360.00
€342.30
-4.92%
7.21%€381.36€279.66€328.0012
Dec ’24€316.80
€343.61
+8.46%
9.91%€393.88€288.84€354.7010
€272.44
Fair Value
28.4% undervalued intrinsic discount
11
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/12/25 06:45
End of Day Share Price 2025/12/23 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Pool Corporation is covered by 20 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
David MantheyBaird
Brennan MatthewsBerenberg
Shaun CalnanBofA Global Research