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LESL

Leslie's NasdaqGS:LESL Stock Report

Last Price

US$16.23

Market Cap

US$3.0b

7D

7.5%

1Y

-41.2%

Updated

26 Jun, 2022

Data

Company Financials +
LESL fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance5/6
Financial Health1/6
Dividends0/6

LESL Stock Overview

Leslie's, Inc. operates as a direct-to-consumer pool and spa care brand in the United States.

Leslie's Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Leslie's
Historical stock prices
Current Share PriceUS$16.23
52 Week HighUS$27.76
52 Week LowUS$13.74
Beta0
1 Month Change-16.77%
3 Month Change-14.71%
1 Year Change-41.24%
3 Year Changen/a
5 Year Changen/a
Change since IPO-25.21%

Recent News & Updates

Jun 25

Leslie's Might Be Worth Dipping Into

Leslie's has experienced a great deal of downside recently, even more so than the broader market. This comes even as top-line performance continues to improve and some cash flow metrics improve as well. Despite the real risk of weakness in the near term, shares are finally starting to look attractive.

May 19
Is There An Opportunity With Leslie's, Inc.'s (NASDAQ:LESL) 42% Undervaluation?

Is There An Opportunity With Leslie's, Inc.'s (NASDAQ:LESL) 42% Undervaluation?

How far off is Leslie's, Inc. ( NASDAQ:LESL ) from its intrinsic value? Using the most recent financial data, we'll...

Shareholder Returns

LESLUS Specialty RetailUS Market
7D7.5%6.3%6.6%
1Y-41.2%-26.6%-18.4%

Return vs Industry: LESL underperformed the US Specialty Retail industry which returned -26.6% over the past year.

Return vs Market: LESL underperformed the US Market which returned -18.4% over the past year.

Price Volatility

Is LESL's price volatile compared to industry and market?
LESL volatility
LESL Average Weekly Movement8.4%
Specialty Retail Industry Average Movement8.9%
Market Average Movement8.1%
10% most volatile stocks in US Market16.6%
10% least volatile stocks in US Market3.2%

Stable Share Price: LESL is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: LESL's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19633,700Mike Egeckhttps://lesliespool.com

Leslie's, Inc. operates as a direct-to-consumer pool and spa care brand in the United States. The company markets and sells pool and spa supplies and related products and services. It offers pool chemicals consisting of chlorine, sanitizers, water balancers, specialty chemicals, and algae control; pool covers, including winter, solar and safety covers, leaf nets, cover reels, and cover alternatives; pool equipment, which comprise pool cleaners, pool pumps, pool filters, pool heating, and lighting; and pools, such as above ground pools, soft side pools, above ground pools liners and equipment, ladders and rails, and diving boards.

Leslie's Fundamentals Summary

How do Leslie's's earnings and revenue compare to its market cap?
LESL fundamental statistics
Market CapUS$2.97b
Earnings (TTM)US$141.45m
Revenue (TTM)US$1.42b

21.0x

P/E Ratio

2.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
LESL income statement (TTM)
RevenueUS$1.42b
Cost of RevenueUS$793.66m
Gross ProfitUS$624.71m
Other ExpensesUS$483.26m
EarningsUS$141.45m

Last Reported Earnings

Apr 02, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.77
Gross Margin44.04%
Net Profit Margin9.97%
Debt/Equity Ratio-216.7%

How did LESL perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

LESL 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/Revenue2.8x
Enterprise Value/EBITDA15.7x
PEG Ratio1.5x

Price to Earnings Ratio vs Peers

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

LESL PE Ratio vs Peers
The above table shows the PE ratio for LESL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average14.2x

Price-To-Earnings vs Peers: LESL is expensive based on its Price-To-Earnings Ratio (21x) compared to the peer average (14.2x).


Price to Earnings Ratio vs Industry

How does LESL's PE Ratio compare vs other companies in the U.S. Specialty Retail Industry?

Price-To-Earnings vs Industry: LESL is expensive based on its Price-To-Earnings Ratio (21x) compared to the US Specialty Retail industry average (6.4x)


Price to Earnings Ratio vs Fair Ratio

What is LESL'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.

LESL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio21x
Fair PE Ratio14.4x

Price-To-Earnings vs Fair Ratio: LESL is expensive based on its Price-To-Earnings Ratio (21x) compared to the estimated Fair Price-To-Earnings Ratio (14.4x).


Share Price vs Fair Value

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

Below Fair Value: LESL ($16.23) is trading below our estimate of fair value ($34.15)

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


Price to Earnings Growth Ratio

PEG Ratio: LESL is poor value based on its PEG Ratio (1.5x)


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Future Growth

How is Leslie's forecast to perform in the next 1 to 3 years based on estimates from 11 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


14.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: LESL's forecast earnings growth (14.2% per year) is above the savings rate (1.9%).

Earnings vs Market: LESL's earnings (14.2% per year) are forecast to grow faster than the US market (13.9% per year).

High Growth Earnings: LESL's earnings are forecast to grow, but not significantly.

Revenue vs Market: LESL's revenue (6.8% per year) is forecast to grow slower than the US market (8.4% per year).

High Growth Revenue: LESL's revenue (6.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if LESL's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has Leslie's 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


59.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: LESL has high quality earnings.

Growing Profit Margin: LESL's current net profit margins (10%) are higher than last year (6.5%).


Past Earnings Growth Analysis

Earnings Trend: LESL's earnings have grown significantly by 59.7% per year over the past 5 years.

Accelerating Growth: LESL's earnings growth over the past year (82.3%) exceeds its 5-year average (59.7% per year).

Earnings vs Industry: LESL earnings growth over the past year (82.3%) exceeded the Specialty Retail industry 40.3%.


Return on Equity

High ROE: LESL's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Discover strong past performing companies

Financial Health

How is Leslie's's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: LESL has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: LESL has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: LESL has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: LESL's has negative shareholder equity, so we do not need to check if its debt has reduced over time.

Debt Coverage: LESL's debt is not well covered by operating cash flow (17.3%).

Interest Coverage: LESL's interest payments on its debt are well covered by EBIT (7.7x coverage).


Balance Sheet


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Dividend

What is Leslie's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate LESL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate LESL's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if LESL's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if LESL's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as LESL has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

2.3yrs

Average management tenure


CEO

Mike Egeck (62 yo)

2.33yrs

Tenure

US$7,911,515

Compensation

Mr. Michael R. Egeck, also known as Mike, serves as Chief Executive Officer and Director at Leslie's, Inc. since February 2020. He serves as Chief Executive Officer at Leslie's Poolmart Inc. since February...


CEO Compensation Analysis

Compensation vs Market: Mike's total compensation ($USD7.91M) is about average for companies of similar size in the US market ($USD6.88M).

Compensation vs Earnings: Insufficient data to compare Mike's compensation with company performance.


Leadership Team

Experienced Management: LESL's management team is considered experienced (2.3 years average tenure).


Board Members

Experienced Board: LESL's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.


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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Leslie's, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Leslie's, Inc.
  • Ticker: LESL
  • Exchange: NasdaqGS
  • Founded: 1963
  • Industry: Specialty Stores
  • Sector: Retail
  • Implied Market Cap: US$2.967b
  • Shares outstanding: 182.84m
  • Website: https://lesliespool.com

Number of Employees


Location

  • Leslie's, Inc.
  • 2005 East Indian School Road
  • Phoenix
  • Arizona
  • 85016
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/26 00:00
End of Day Share Price2022/06/24 00:00
Earnings2022/04/02
Annual Earnings2021/10/02


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.