Hayward Holdings, Inc. (HAYW) intrinsic value & 10-year financials

Hayward Holdings, Inc. (HAYW) has a Graham intrinsic value of $22.59 per share. At $11.83 on Oct 17, 2026, the stock trades 48% below that value. Over the last 8 fiscal years revenue grew 7.3% a year to $1.1B, with an average return on invested capital of 14.0%.

Graham intrinsic value
$22.59
Share price (Oct 17, 2026)
$11.83
Price vs Graham value
48% below
Market cap
$2.6B
Revenue (FY2025)
$1.1B
Revenue growth (8-yr CAGR)
7.3%
ROIC (10-yr avg)
14.0%
Free cash flow (FY2025)
$227.3M

HAYW 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $1.1B $151.6M $0.68 $227.3M 20.8% 8.7%
FY2024 $1.1B $118.7M $0.54 $187.8M 19.9% 7.8%
FY2023 $992.5M $80.7M $0.37 $153.5M 17.7% 6.3%
FY2022 $1.3B $179.3M $0.78 $86.3M 21.7% 10.1%
FY2021 $1.4B $203.7M $0.49 $163.2M 22.7% 14.3%
FY2020 $875.4M $43.3M $0.00 $199.6M 14.2% 6.7%
FY2019 $733.4M $8.5M $0.00 $68.9M 13.5% 43.8%
FY2018 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

Hayward Holdings, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Hayward Holdings, Inc. returns on capital have been average, hovering around 9.0% ROIC over the decade.

Hayward Holdings, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, Hayward Holdings, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $22.59 per share.

HAYW stock: frequently asked questions

What is the intrinsic value of Hayward Holdings, Inc. (HAYW) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 15.0% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, HAYW's intrinsic value is about $22.59 per share.

Is HAYW stock undervalued?

At $11.83 (close on Oct 17, 2026), HAYW trades 48% below its Graham value of $22.59. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

Does Hayward Holdings, Inc. generate free cash flow?

Hayward Holdings, Inc. generated $227.3M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 7 of the last 7 reported years.

What is HAYW's return on invested capital?

Average ROIC over the last 8 fiscal years was 14.0%, and average return on equity was 13.3%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this HAYW data come from?

From Hayward Holdings, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Jul 29, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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