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.
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 distributes various components required for the construction, renovation, improvement, and maintenance of residential and commercial pools; markets fluid handling products and pool materials; and provides financial advisory services in the acquisition of shares. It also engages in the design, distribution, installation, and project management of fountains and ponds; marketing of pool materials; marketing of pool, water treatment, and irrigation products; export and import of various types of swimming-pool products; manufacture and distribution of plastic materials and plastic injection molds, as well as plastic parts for valves; manufacture and distribution of automatic pool covers; sale of bathroom equipment, plastic products, rubber products, and electronic products and metal materials, as well as the import and export of goods and technology; manufacture of chemical products and specialty products; and purchase and sale of sports and leisure equipment and related accessories.
Fluidra Fundamentals Summary
How do Fluidra's earnings and revenue compare to its market cap?
Is Fluidra undervalued compared to its fair value and its price relative to the market?
Valuation Score
3/6
Valuation Score 3/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry
39.2%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FDR (€22.8) is trading below our estimate of fair value (€37.49)
Significantly Below Fair Value: FDR is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: FDR is poor value based on its Price-To-Earnings Ratio (16.6x) compared to the Spanish Machinery industry average (13.9x).
PE vs Market: FDR is good value based on its Price-To-Earnings Ratio (16.6x) compared to the Spanish market (18.1x).
Price to Earnings Growth Ratio
PEG Ratio: FDR is poor value based on its PEG Ratio (1.7x)
Price to Book Ratio
PB vs Industry: FDR is overvalued based on its Price-To-Book Ratio (2.5x) compared to the ES Machinery industry average (1.5x).
Future Growth
How is Fluidra forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
Future Growth Score
2/6
Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
9.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FDR's forecast earnings growth (9.8% per year) is above the savings rate (0.9%).
Earnings vs Market: FDR's earnings (9.8% per year) are forecast to grow slower than the Spanish market (13% per year).
High Growth Earnings: FDR's earnings are forecast to grow, but not significantly.
Revenue vs Market: FDR's revenue (4.8% per year) is forecast to grow faster than the Spanish market (4.3% per year).
High Growth Revenue: FDR's revenue (4.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FDR's Return on Equity is forecast to be low in 3 years time (19%).
Past Performance
How has Fluidra performed over the past 5 years?
Past Performance Score
5/6
Past Performance Score 5/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
59.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FDR has high quality earnings.
Growing Profit Margin: FDR's current net profit margins (10.9%) are higher than last year (9.4%).
Past Earnings Growth Analysis
Earnings Trend: FDR's earnings have grown significantly by 59.2% per year over the past 5 years.
Accelerating Growth: FDR's earnings growth over the past year (60.7%) exceeds its 5-year average (59.2% per year).
Earnings vs Industry: FDR earnings growth over the past year (60.7%) exceeded the Machinery industry 60.5%.
Return on Equity
High ROE: FDR's Return on Equity (15.2%) is considered low.
Financial Health
How is Fluidra's financial position?
Financial Health Score
4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: FDR's short term assets (€1.2B) exceed its short term liabilities (€687.3M).
Long Term Liabilities: FDR's short term assets (€1.2B) do not cover its long term liabilities (€1.5B).
Debt to Equity History and Analysis
Debt Level: FDR's net debt to equity ratio (62.1%) is considered high.
Reducing Debt: FDR's debt to equity ratio has reduced from 72.7% to 66.8% over the past 5 years.
Debt Coverage: FDR's debt is well covered by operating cash flow (29.6%).
Interest Coverage: FDR's interest payments on its debt are well covered by EBIT (8.4x coverage).
Balance Sheet
Dividend
What is Fluidra current dividend yield, its reliability and sustainability?
Dividend Score
4/6
Dividend Score 4/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
3.73%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: FDR's dividend (3.73%) is higher than the bottom 25% of dividend payers in the Spanish market (1.82%).
High Dividend: FDR's dividend (3.73%) is low compared to the top 25% of dividend payers in the Spanish market (5.44%).
Stability and Growth of Payments
Stable Dividend: FDR's dividend payments have been volatile in the past 10 years.
Growing Dividend: FDR's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (62%), FDR's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (59.4%), FDR's dividend payments are covered by cash flows.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
5.4yrs
Average board tenure
CEO
Eloi Planes Corts (52 yo)
6.33yrs
Tenure
€1,234,000
Compensation
Mr. Eloy Planes Corts, also known as Eloi, has been Executive Chairman of Fluidra, S.A. since January 2016 and serves as its Managing Director. Mr. Corts serves as Executive President of FLUIDRA S.A. since...
CEO Compensation Analysis
Compensation vs Market: Eloi's total compensation ($USD1.32M) is about average for companies of similar size in the Spanish market ($USD1.40M).
Compensation vs Earnings: Eloi's compensation has been consistent with company performance over the past year.
Board Members
Experienced Board: FDR's board of directors are considered experienced (5.4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Fluidra, S.A.'s employee growth, exchange listings and data sources
All financial data provided by Standard & Poor's Capital IQ.
Data
Last Updated (UTC time)
Company Analysis
2022/05/24 00:00
End of Day Share Price
2022/05/24 00:00
Earnings
2022/03/31
Annual Earnings
2021/12/31
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 here.