Fluidra SA
MAD:FDR

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

P/S

1.8
Current
1%
More Expensive
vs 3-y average of 1.7

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
1.8
=
Market Cap
€4B
/
Revenue
€2.2B

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
1.8
=
Market Cap
€4B
/
Revenue
€2.2B

Valuation Scenarios

Fluidra SA is trading above its 3-year average

If P/S returns to its 3-Year Average (1.7), the stock would be worth €20.42 (1% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-39%
Maximum Upside
+3%
Average Downside
15%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 1.8 €20.6
0%
3-Year Average 1.7 €20.42
-1%
5-Year Average 1.8 €21.21
+3%
Industry Average 1.1 €12.51
-39%
Country Average 1.4 €16.11
-22%

Forward P/S
Today’s price vs future revenue

Today's Market Cap Revenue Forward P/S
€4B
/
Jan 2026
€2.2B
=
1.8
Current
€4B
/
Dec 2026
€2.3B
=
1.7
Forward
€4B
/
Dec 2027
€2.4B
=
1.7
Forward
€4B
/
Dec 2028
€2.5B
=
1.6
Forward
€4B
/
Dec 2029
€2.7B
=
1.5
Forward
€4B
/
Dec 2030
€2.8B
=
1.4
Forward
€4B
/
Dec 2031
€2.9B
=
1.4
Forward
€4B
/
Dec 2032
€3.1B
=
1.3
Forward

Forward P/S shows whether today’s P/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
P/S
P/E
All Countries
Close
Market Cap P/S P/E
ES
Fluidra SA
MAD:FDR
3.9B EUR 1.8 22.2
JP
Fujitec Co Ltd
TSE:6406
2 720 795.8T JPY 0 0
JP
Ishii Iron Works Co Ltd
TSE:6362
304.2T JPY 28 119.8 363 670.8
JP
Star Micronics Co Ltd
TSE:7718
48T JPY 1.4 29.8
US
Parker-Hannifin Corp
NYSE:PH
121.4B USD 5.9 34.3
JP
Freund Corp
TSE:6312
16.9T JPY 607.7 8 494.3
JP
Mitsubishi Heavy Industries Ltd
TSE:7011
16.1T JPY 3.4 57.4
SE
Atlas Copco AB
STO:ATCO A
841.6B SEK 5 31.7
US
Illinois Tool Works Inc
NYSE:ITW
77.5B USD 4.8 25.1
US
Barnes Group Inc
NYSE:B
65.6B USD 3.9 13.1
SE
Sandvik AB
STO:SAND
474.3B SEK 4 32.6

Market Distribution

In line with most companies in Spain
Percentile
55th
Based on 675 companies
55th percentile
1.8
Low
0.1 — 0.6
Typical Range
0.6 — 2.6
High
2.6 —
Distribution Statistics
Spain
Min 0.1
30th Percentile 0.6
Median 1.4
70th Percentile 2.6
Max 697.2

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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