We’ve recently updated our valuation analysis.

Hayward Holdings Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

HAYW key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.7x
Enterprise Value/EBITDA9.2x
PEG Ratio-1.4x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for HAYW vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average22.7x
AZEK AZEK
47.2x8.9%US$3.5b
CSWI CSW Industrials
23.2x9.4%US$1.9b
REZI Resideo Technologies
8.3x11.0%US$2.6b
SSD Simpson Manufacturing
12.2x-12.5%US$4.2b
HAYW Hayward Holdings
12.5x-8.7%US$2.7b

Price-To-Earnings vs Peers: HAYW is good value based on its Price-To-Earnings Ratio (12.5x) compared to the peer average (22.7x).


Price to Earnings Ratio vs Industry

How does HAYW's PE Ratio compare vs other companies in the US Building Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a1.8%
n/an/an/a

Price-To-Earnings vs Industry: HAYW is good value based on its Price-To-Earnings Ratio (12.5x) compared to the US Building industry average (13.9x)


Price to Earnings Ratio vs Fair Ratio

What is HAYW'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.

HAYW PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.5x
Fair PE Ratio12.5x

Price-To-Earnings vs Fair Ratio: HAYW is good value based on its Price-To-Earnings Ratio (12.5x) compared to the estimated Fair Price-To-Earnings Ratio (12.5x).


Share Price vs Fair Value

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

Below Fair Value: HAYW ($12.95) is trading below our estimate of fair value ($13.52)

Significantly Below Fair Value: HAYW is trading below fair value, but not by a significant amount.


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 HAYW forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$12.95
US$11.95
-7.7%
23.6%US$18.00US$8.00n/a11
Jan ’24US$9.40
US$11.09
+18.0%
20.2%US$16.00US$8.00n/a11
Dec ’23US$9.58
US$11.10
+15.9%
20.8%US$16.00US$8.00n/a10
Nov ’23US$9.16
US$11.25
+22.8%
20.6%US$16.00US$8.00n/a10
Oct ’23US$8.87
US$15.00
+69.1%
21.3%US$23.00US$12.00n/a10
Sep ’23US$10.30
US$15.00
+45.6%
21.3%US$23.00US$12.00n/a10
Aug ’23US$11.52
US$15.15
+31.5%
21.0%US$23.00US$12.00n/a10
Jul ’23US$14.50
US$20.70
+42.8%
22.4%US$32.00US$15.00n/a10
Jun ’23US$15.58
US$21.00
+34.8%
21.6%US$32.00US$15.00n/a10
May ’23US$15.90
US$22.20
+39.6%
17.9%US$32.00US$18.00n/a10
Apr ’23US$16.84
US$24.44
+45.2%
17.4%US$32.00US$18.00n/a9
Mar ’23US$17.60
US$27.78
+57.8%
13.9%US$35.00US$21.00n/a9
Feb ’23US$19.95
US$27.56
+38.1%
12.6%US$33.00US$21.00n/a9
Jan ’23US$26.23
US$29.56
+12.7%
9.2%US$34.00US$25.00US$9.409
Dec ’22US$23.97
US$29.44
+22.8%
8.9%US$34.00US$25.00US$9.589
Nov ’22US$23.24
US$29.50
+26.9%
9.4%US$34.00US$25.00US$9.168
Oct ’22US$21.65
US$29.75
+37.4%
9.2%US$34.00US$26.00US$8.878
Sep ’22US$21.18
US$29.75
+40.5%
9.2%US$34.00US$26.00US$10.308
Aug ’22US$24.09
US$28.88
+19.9%
6.3%US$32.00US$26.00US$11.528
Jul ’22US$26.41
US$28.88
+9.3%
6.3%US$32.00US$26.00US$14.508
Jun ’22US$26.00
US$29.00
+11.5%
5.5%US$32.00US$27.00US$15.587
May ’22US$19.98
US$21.57
+8.0%
10.8%US$27.00US$20.00US$15.907

Analyst Forecast: Target price is lower than the current share price.


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