Fluidra SA
MAD:FDR

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Fluidra SA
MAD:FDR
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Price: 20.6 EUR -1.25% Market Closed
Market Cap: €4B

EV/FCFF

18.2
Current
17%
Cheaper
vs 3-y average of 21.9

Enterprise Value to Free Cash Flow to Firm (EV/FCFF) ratio compares a company`s total enterprise value to the free cash flow available to all investors, both debt and equity holders. It shows how much investors are paying for each dollar of cash flow the business generates before interest payments.

EV/FCFF
18.2
=
Enterprise Value
€5B
/
Free Cash Flow to Firm
€271.5m

Enterprise Value to Free Cash Flow to Firm (EV/FCFF) ratio compares a company`s total enterprise value to the free cash flow available to all investors, both debt and equity holders. It shows how much investors are paying for each dollar of cash flow the business generates before interest payments.

EV/FCFF
18.2
=
Enterprise Value
€5B
/
Free Cash Flow to Firm
€271.5m

Valuation Scenarios

Fluidra SA is trading below its 3-year average

If EV/FCFF returns to its 3-Year Average (21.9), the stock would be worth €24.72 (20% upside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
-9%
Maximum Upside
+20%
Average Upside
8%
Scenario EV/FCFF Value Implied Price Upside/Downside
Current Multiple 18.2 €20.6
0%
3-Year Average 21.9 €24.72
+20%
5-Year Average 21.9 €24.72
+20%
Industry Average 16.6 €18.76
-9%
Country Average 18.6 €20.99
+2%

Forward EV/FCFF
Today’s price vs future free cash flow to firm

Not enough data available to calculate forward EV/FCFF

Peer Comparison

All Multiples
EV/FCFF
P/E
All Countries
Close
Market Cap EV/FCFF P/E
ES
Fluidra SA
MAD:FDR
3.9B EUR 18.2 22.2
JP
Fujitec Co Ltd
TSE:6406
2 720 795.8T JPY 27.7 0
JP
Ishii Iron Works Co Ltd
TSE:6362
304.2T JPY 326 434.3 363 670.8
JP
Star Micronics Co Ltd
TSE:7718
48T JPY -8.8 29.8
US
Parker-Hannifin Corp
NYSE:PH
121.4B USD 38 33.8
JP
Freund Corp
TSE:6312
16.9T JPY 9 705.6 8 494.3
JP
Mitsubishi Heavy Industries Ltd
TSE:7011
16.1T JPY 28.6 57.4
SE
Atlas Copco AB
STO:ATCO A
839.4B SEK 32.3 31.8
US
Illinois Tool Works Inc
NYSE:ITW
77.5B USD 30.8 25.1
US
Barnes Group Inc
NYSE:B
65.6B USD 16 12.8
SE
Sandvik AB
STO:SAND
477B SEK 27 32.2

Market Distribution

In line with most companies in Spain
Percentile
48th
Based on 567 companies
48th percentile
18.2
Low
0 — 13
Typical Range
13 — 28.2
High
28.2 —
Distribution Statistics
Spain
Min 0
30th Percentile 13
Median 18.6
70th Percentile 28.2
Max 1 712.4

Fluidra SA
Glance View

Founded in 1969 in Barcelona, Fluidra SA emerged as a global leader in the pool and wellness industry, a field where they have seamlessly blended innovation with specialized know-how. Initially, a family business focused on supplying the pool market with basic components, the company has grown into an international powerhouse delivering comprehensive solutions that address the entire pool and wellness lifecycle. Fluidra's core business involves designing, manufacturing, and distributing a diverse portfolio of products, including pool equipment such as pumps, filters, lighting, and cleaning systems. The company also offers advanced solutions in individuals' leisure experiences like smart pool automation and energy-efficient water systems. What began as a regional supplier has evolved into a multi-faceted enterprise, balancing the art of traditional craftsmanship with modern technological advances to shape its robust product offering. Fluidra's business model thrives on a symbiotic relationship with its extensive network of distributors, retailers, and installers, capitalizing on both direct sales and dealer channels to penetrate various markets. By leveraging strategic mergers and acquisitions, notably with Zodiac in 2018—an American pool equipment leader—Fluidra expanded its foothold across North America and consolidated its position as a global industry titan. Through these synergies, the company taps into regional expertise and enhances its product innovation capability, providing tailored solutions that meet localized consumer preferences and regulatory demands. Fluidra's revenue streams flow not only from the sales of its core equipment but also from maintenance services and aftermarket parts, ensuring a recurring income that reinforces its financial stability. As urbanization and lifestyle changes drive demand for private and public wellness spaces, Fluidra's adaptive strategies continue to align with market trends, cementing its role as a pivotal player in the wellness ecosystem.

FDR Intrinsic Value
23.34 EUR
Undervaluation 12%
Intrinsic Value
Price €20.6
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