HAYW
Hayward Holdings, Inc. (HAYW)
Last Price$14.61.0%
Market Cap$3,211.1M
DCF value
$8.5
Overvalued (DCF value)
(41.8%)
Discount Rate
7.7%
Long-Term Growth Rate
2.0%
Stock quality
6/10
Good

HAYW DCF Model

Free Cash Flow to Firm Model
NOPAT Model
Free Cash Flow to Equity Model
Net Income Model
Millions
Billions
Dec'20 ActualDec'21 ActualDec'22 ActualDec'23 ActualDec'24 EstimateDec'25 EstimateDec'26 EstimateDec'27 EstimateDec'28 EstimateDec'29 EstimateDec'30 EstimateDec'31 EstimateDec'32 EstimateDec'33 EstimateDec'34 Terminal
% growth
875.4
19.4%
1,401.8
60.1%
1,314.1
(6.3%)
992.5
(24.5%)
1,026.3
3.4%
1,083.0
5.5%
1,177.4
8.7%
1,228.5
4.3%
1,277.6
4.0%
1,324.5
3.7%
1,368.6
3.3%
1,409.7
3.0%
1,447.3
2.7%
1,481.1
2.3%
1,510.7
2.0%
124.6
14.2%
318.0
22.7%
285.6
21.7%
175.2
17.7%
189.5
18.5%
199.9
18.5%
217.4
18.5%
226.8
18.5%
235.9
18.5%
244.5
18.5%
252.7
18.5%
260.3
18.5%
267.2
18.5%
273.4
18.5%
278.9
18.5%
NOPAT
% effective tax rate
93.3
10.7%
249.0
17.8%
218.7
16.6%
139.9
14.1%
151.2
14.7%
159.6
14.7%
173.5
14.7%
181.0
14.7%
188.3
14.7%
195.2
14.7%
201.7
14.7%
207.7
14.7%
213.3
14.7%
218.3
14.7%
222.6
14.7%
% of revenue
56.7
6.5%
57.8
4.1%
57.6
4.4%
53.1
5.3%
47.4
4.6%
50.0
4.6%
54.4
4.6%
56.7
4.6%
59.0
4.6%
61.2
4.6%
63.2
4.6%
65.1
4.6%
66.9
4.6%
68.4
4.6%
69.8
4.6%
% of revenue
(15.6)
(1.8%)
(27.1)
(1.9%)
(29.6)
(2.3%)
(31.0)
(3.1%)
(25.0)
(2.4%)
(26.4)
(2.4%)
(28.7)
(2.4%)
(29.9)
(2.4%)
(31.1)
(2.4%)
(32.3)
(2.4%)
(33.4)
(2.4%)
(34.4)
(2.4%)
(35.3)
(2.4%)
(36.1)
(2.4%)
(36.8)
(2.4%)
98.7
11.3%
(98.3)
(7.0%)
(135.0)
(10.3%)
43.1
4.3%
(44.3)
(4.3%)
(46.7)
(4.3%)
(50.8)
(4.3%)
(53.0)
(4.3%)
(55.1)
(4.3%)
(57.2)
(4.3%)
(59.1)
(4.3%)
(60.8)
(4.3%)
(62.5)
(4.3%)
(63.9)
(4.3%)
(65.2)
(4.3%)
Free Cash Flow to Firm (FCFF)
% of revenue
233.1
26.6%
181.4
12.9%
111.7
8.5%
205.0
20.7%
129.3
12.6%
136.5
12.6%
148.4
12.6%
154.8
12.6%
161.0
12.6%
166.9
12.6%
172.5
12.6%
177.6
12.6%
182.4
12.6%
186.6
12.6%
190.4
12.6%
% of FCFF used in calculation
100.0%
83.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
Discount period
0.50
1.50
2.50
3.50
4.50
5.50
6.50
7.50
8.50
Discount factor
0.96
0.89
0.83
0.77
0.72
0.67
0.62
0.57
0.53
Discounted FCFF (DFCFF)
109.2
132.8
128.6
124.2
119.6
114.7
109.8
104.6
99.4

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HAYW DCF Value

DCF Value Calculation

as of Mar 03, 2025
Sum of DFCFF
% share of EV
1,042.9M
36.9%
Terminal Value (TV)
3,345.7M
Discounted TV
% share of EV
1,782.3M
63.1%
Total Debt
1,161.0M
1,867.4M
Shares outstanding
219.3M
FX rate
1.0
41.8% overvalued

Equity Value Bridge

HAYW DCF Financials

Revenue
$992.5M -> $1,481.1M 4.1% CAGR
Operating Income
$175.2M -> $273.4M 4.6% CAGR
FCFF
$205.0M -> $186.6M (0.9%) CAGR

HAYW DCF sensitivity

DCF value
Long-term Terminal growth rate
1.0%
1.5%
2.0%
2.5%
3.0%
WACC
7.0%
$9.0
$9.0
$10.0
$11.0
$12.0
7.5%
$8.0
$8.0
$9.0
$10.0
$11.0
7.7%
$7.0
$8.0
$9.0
$9.0
$10.0
8.5%
$6.0
$6.0
$7.0
$7.0
$8.0
9.0%
$5.0
$6.0
$6.0
$7.0
$7.0
DCF value, undervalued / overvalued
Long-term Terminal growth rate
1.0%
1.5%
2.0%
2.5%
3.0%
WACC
7.0%
(39.0%)
(39.0%)
(32.0%)
(25.0%)
(18.0%)
7.5%
(45.0%)
(45.0%)
(39.0%)
(32.0%)
(25.0%)
7.7%
(52.0%)
(45.0%)
(39.0%)
(39.0%)
(32.0%)
8.5%
(59.0%)
(59.0%)
(52.0%)
(52.0%)
(45.0%)
9.0%
(66.0%)
(59.0%)
(59.0%)
(52.0%)
(52.0%)

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FAQ

What is Hayward Holdings, Inc. DCF (discounted cash flow) valuation?

As of Mar 03, 2025, Hayward Holdings, Inc.'s Discounted Cash Flow (DCF) valuation estimates its share price at $8.5. This suggests it may be overvalued by (41.8%) compared to its current price of around $14.6, using a WACC of 7.7% and growth rates of 2.0%.

What is Hayward Holdings, Inc. WACC?

As of Mar 03, 2025, Hayward Holdings, Inc.'s Weighted Average Cost of Capital (WACC) is approximately 7.7%.

What is Hayward Holdings, Inc. Enterprise Value?

As of Mar 03, 2025, Hayward Holdings, Inc.'s Enterprise Value (EV) is approximately $2,825.3M. This value reflects the company's total market capitalization plus debt, minus cash and cash equivalents, providing a comprehensive measure of its overall value in the market.