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Zurn Water Solutions Corp
NYSE:ZWS

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Zurn Water Solutions Corp Logo
Zurn Water Solutions Corp
NYSE:ZWS
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Price: 33.47 USD 2.17% Market Closed
Updated: Mar 29, 2024

Intrinsic Value

Zurn Water Solutions Corp. is a growth-oriented, pure-play water business that designs, procures, manufactures, and markets a sustainable product portfolio of solutions to improve health, human safety... [ Read More ]

The intrinsic value of one ZWS stock under the Base Case scenario is 31.23 USD. Compared to the current market price of 33.47 USD, Zurn Water Solutions Corp is Overvalued by 7%.

Key Points:
ZWS Intrinsic Value
Base Case
31.23 USD
Overvaluation 7%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Zurn Water Solutions Corp

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Fundamental Analysis

Robust Q4 Drives Optimistic 2024 Outlook
2023-Q4 Earnings Call

Robust Q4 Drives Optimistic 2024 Outlook

The company wrapped up the year strongly, with promising Q4 results showing sales, EBITDA, and free cash flow surpassing forecasts, setting a confident path towards their 2024 goals. They saw a pro forma core sales growth of 3%, impressively expanded EBITDA margins by 320 basis points, and achieved record free cash flow of $233 million, leveraging this for share repurchases, a dividend hike of 14%, and a reduction in leverage ratio to 1.1x. The disposal of asbestos liabilities marked a strategic milestone. With $357 million in Q4 sales (a 900 basis point increase year-over-year), and adjusted EBITDA up 30% to $84 million, the company projects continued strong performance into 2024. Notable is their proactive stance in sustainability, making them a responsible corporate leader with the aim to eliminate over 84 billion single-use plastics and grow their filtered water solutions. For 2024, they forecast positive core sales growth, a 150 basis points rise in EBITDA margins, and about $250 million in free cash flow, despite expecting a modest decline in the overall market.

Financials

Balance Sheet Decomposition
Zurn Water Solutions Corp

Current Assets 667.8m
Cash & Short-Term Investments 136.7m
Receivables 227.2m
Other Current Assets 303.9m
Non-Current Assets 2B
PP&E 226.7m
Intangibles 1.7B
Other Non-Current Assets 24.1m
Current Liabilities 220.9m
Accounts Payable 56.4m
Accrued Liabilities 67.2m
Other Current Liabilities 97.3m
Non-Current Liabilities 843.3m
Long-Term Debt 494.4m
Other Non-Current Liabilities 348.9m
Efficiency

Earnings Waterfall
Zurn Water Solutions Corp

Revenue
1.5B USD
Cost of Revenue
-882.4m USD
Gross Profit
648.1m USD
Operating Expenses
-430m USD
Operating Income
218.1m USD
Other Expenses
-105.4m USD
Net Income
112.7m USD

Free Cash Flow Analysis
Zurn Water Solutions Corp

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
Components
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Table
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Fundamental Scores

ZWS Profitability Score
Profitability Due Diligence

Zurn Water Solutions Corp's profitability score is 59/100. The higher the profitability score, the more profitable the company is.

Positive Free Cash Flow
Exceptional 3-Years Revenue Growth
Positive Gross Profit
Positive Net Income
59/100
Profitability
Score

Zurn Water Solutions Corp's profitability score is 59/100. The higher the profitability score, the more profitable the company is.

ZWS Solvency Score
Solvency Due Diligence

Zurn Water Solutions Corp's solvency score is 57/100. The higher the solvency score, the more solvent the company is.

Low D/E
Short-Term Solvency
Long-Term Solvency
High Altman Z-Score
57/100
Solvency
Score

Zurn Water Solutions Corp's solvency score is 57/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

ZWS Price Targets Summary
Zurn Water Solutions Corp

Wall Street analysts forecast ZWS stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for ZWS is 34.24 USD with a low forecast of 30.3 USD and a high forecast of 37.8 USD.

Lowest
Price Target
30.3 USD
9% Downside
Average
Price Target
34.24 USD
2% Upside
Highest
Price Target
37.8 USD
13% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

ZWS Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
Why is insider trading important?

Shareholder Return

ZWS Price
Zurn Water Solutions Corp

1M 1M
+5%
6M 6M
+19%
1Y 1Y
+61%
3Y 3Y
-27%
5Y 5Y
+37%
10Y 10Y
+131%
Annual Price Range
33.47
52w Low
20.03
52w High
33.47
Price Metrics
Average Annual Return 0.78%
Standard Deviation of Annual Returns 31.61%
Max Drawdown -69%
Shares Statistics
Market Capitalization 5.8B USD
Shares Outstanding 171 996 000
Percentage of Shares Shorted 4.04%

ZWS Return Decomposition
Main factors of price return

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ZWS News

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Company Profile

Zurn Water Solutions Corp Logo
Zurn Water Solutions Corp

Country

United States of America

Industry

Building

Market Cap

5.8B USD

Dividend Yield

0.98%

Description

Zurn Water Solutions Corp. is a growth-oriented, pure-play water business that designs, procures, manufactures, and markets a sustainable product portfolio of solutions to improve health, human safety, and the environment. The company is headquartered in Milwaukee, Wisconsin and currently employs 1,300 full-time employees. The company went IPO on 2012-03-29. The firm is engaged in designing, procuring, manufacturing, and marketing products that provide and improve water quality, safety, flow control, and conservation. The company operates across the United States and Canada. The firm serves key markets, such as higher education, healthcare, retail, restaurant, hospitality, education, government, and fire protection. The firm's product portfolio includes professional-grade water safety and control, flow systems, and hygienic and environmental products for public and private spaces. Its brands include Zurn, World Dryer, Hadrian Inc, and Just Manufacturing. Its Zurn Business System (ZBS) enables it to drive satisfaction for its customers and creates value for its shareholders.

Contact

WISCONSIN
Milwaukee
511 W Freshwater Way
+14146433000.0
https://zurnwatersolutions.com/

IPO

2012-03-29

Employees

1 300

Officers

CEO & Chairman
Mr. Todd A. Adams
Senior VP & CFO
Mr. Mark W. Peterson
Chief Information Officer
Mr. Michael D. Troutman
President
Mr. Jeffrey A. Schoon
Vice President of Investor Relations
David Pauli
VP, General Counsel & Secretary
Mr. Jeffrey J. LaValle
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Director of Corporate Communications
Angela Hersil
Chief Human Resources Officer
Ms. Kate M. Silha
Show Less

See Also

Discover More
What is the Intrinsic Value of one ZWS stock?

The intrinsic value of one ZWS stock under the Base Case scenario is 31.23 USD.

Is ZWS stock undervalued or overvalued?

Compared to the current market price of 33.47 USD, Zurn Water Solutions Corp is Overvalued by 7%.