Pool Corporation (POOL)
InfravaloradaFundamental
64
Precio
$160.00
Capitalización Bursátil
$5.88B
Parte 1 · Cuánto vale la empresa
Resumen
Pool Corporation is the world's largest wholesale distributor of swimming pool equipment and supplies, plus related backyard products such as irrigation and landscape lighting. It does not manufacture or sell to homeowners directly: it buys from hundreds of manufacturers and resells through 456 of its own sales centers across North America, Europe and Australia to roughly 125,000 professional customers — pool builders, retailers and service companies — who in turn serve the end consumer.
Cómo genera ingresos
Pool Corporation makes its margin as a middleman: it buys in bulk from manufacturers at scale discounts and resells in the smaller quantities its professional customers need, adding convenience, local inventory and credit terms they could not get buying direct. About 64% of 2025 sales came from recurring maintenance and minor repair — chemicals, filters, pumps — a steady, weather-driven demand base, while the remaining 36% came from discretionary pool remodeling and new construction, which rise and fall with the housing market and interest rates.
Ingresos por segmento
Pool chemicals, filters, pumps and other recurring products that keep an existing pool running — non-discretionary, weather-driven demand.
Upgrades and renovations to existing pools, such as new equipment, resurfacing or added features — discretionary spending tied to home improvement budgets.
Equipment and materials for newly built pools — the most discretionary and interest-rate-sensitive category, and the first to slow when credit tightens.
Ventaja competitiva
Escala · EstrechaPool Corporation is roughly the size of its largest rivals combined, with 456 sales centers giving it purchasing power with manufacturers and same-day local inventory that a small regional distributor cannot match. That scale is a real advantage in a fragmented industry, but it is not unbreachable: some manufacturers sell direct, and competitors can build density in specific regions.
Qué impulsa la demanda
Moderadamente cíclicoMaintenance spending on existing pools is fairly steady and weather-driven, giving the business a defensive core. But over a third of sales — remodeling and new construction — depend on discretionary spending, housing activity and the cost of credit, and both categories slowed noticeably when interest rates rose.
Riesgos clave
- Weather and seasonality — Most profit is earned in the second and third quarters; an unusually cool or rainy season reduces both pool usage and the urgency of maintenance and repair purchases.
- Interest rate sensitivity — New pool construction and larger remodeling projects are often financed; higher borrowing costs have already been shown to reduce demand for both discretionary categories.
- Discretionary spending exposure — A weaker economy, falling home values or lower consumer confidence reduce willingness to spend on remodeling and new pools, the more profitable, faster-growing side of the business.
- Fragmented, competitive distribution market — Pool Corporation competes with other national and regional distributors, mass-market retailers and online sellers, all bidding for the same professional customer base.
Los argumentos a favor
Buyers argue that Pool Corporation's scale and distribution density give it durable purchasing and service advantages in a fragmented industry, that the 64% maintenance base provides a defensive floor to revenue, and that discretionary demand for remodeling and new pools should recover as interest rates ease.
Los argumentos en contra
Sellers worry that the discretionary two-thirds of sales — remodeling and new construction — is directly exposed to interest rates and housing activity, that weather variability makes results lumpy quarter to quarter, and that scale advantages erode if manufacturers increasingly sell direct to professional installers.
Written by the editors, published on 18 de agosto de 2026
Direct competitors
Who this company fights with for the same customers
No editorial profile for this company yet
No competitor list for this company yet.
Balance y Liquidez
Ingresos
$5.36B
Últimos 12 meses (hasta 31/3/2026)
Beneficio Neto
$406M
Últimos 12 meses (hasta 31/3/2026)
Flujo de Caja Libre
$310M
Patrimonio Neto Total
$1.19B
Pasivo Total
$2.44B
Ratio de Liquidez
1.87
Cobertura de Intereses
-
Deuda/EBITDA
2.50
Beneficio Por Acción
Ingresos y Beneficio Neto
Flujo de Caja Libre
Desglose de Ingresos
Estado histórico
Márgenes en el tiempo
La deuda en el tiempo
Cuánto pesa la deuda
Cuadro de crecimiento
Crecimiento — Ingresos
Estimación de Valor Justo
Valor Justo
$222.16
Precio Actual
$160.00
Margen de Seguridad
+28.0%
Rango de Valor Justo
$145.53 - $298.78
Dispersión entre los métodos de valoración utilizados, no un intervalo de confianza calibrado estadísticamente.
Métodos de Estimación
Métricas de Valoración
Ratio P/E
14.88
ROE
34.3%
Ratio P/B
5.21
P/FCF
18.86
Margen Bruto
29.7%
ROIC
16.8%
Radar de Rentabilidad
Creación de Valor (Ventaja Competitiva)
ROIC
16.8%
WACC
7.8%
ROIC − WACC
+9.1 pp
El ROIC supera el coste del capital: la empresa está creando valor para los accionistas.
Criterios de Análisis Fundamental
Superado (16)
- EPS shows upward trend
- EPS CAGR 14.00%
- ROIC 16.8%
- P/FCF 18.86
- Debt/Equity ratio
- Operating Margin 10.9%
- Positive Free Cash Flow
- CapEx intensity
- Current Ratio
- Debt/EBITDA
- Return on Tangible Assets
- ROE 32.3%
- Revenue Growth 5Y 6.1%
- Earnings Quality (OCF/NI) 0.90
- Share Dilution -2.5%
- Piotroski F-Score 5/9
Fallido (10)
- Price CAGR 4.79%
- Gross Margin 29.7%
- P/B Ratio 5.21
- Low reliance on intangibles
- Price below Graham Number
- DCF valuation (Overvalued)
- Analyst Consensus 46% Buy
- Earnings Surprise avg -3.7%
- PEG Ratio 3.79
- Net Margin Trend 7.6% vs 7.8%
No disponible (2)
- Dividend Payout NaN%
- Interest Coverage
Piotroski F-Score
Señales mixtas: algunas áreas requieren atención
Calidad de los Beneficios
Moderada: cierta brecha entre beneficios y efectivo
Dilución de Acciones
Recomprando acciones. Favorable para el accionista
Participaciones institucionales
Gobernanza
Equipo Directivo
| Nombre | Cargo | Edad |
|---|---|---|
| Mr. John E. Stokely | Executive Chairman | 72 |
| Ms. Melanie M. Housey Hart CPA | Senior VP, CFO & Treasurer | 52 |
| Ms. Jennifer M. Neil | Senior VP, Corporate Secretary & Chief Legal Officer | 51 |
| Mr. Kenneth G. St. Romain | Senior Vice President | 62 |
| Mr. John B. Watwood | President & CEO | 46 |
| Mr. Walker F. Saik | Chief Accounting Officer & Corporate Controller | 41 |
| Mr. Todd R. Marshall | VP & Chief Information Officer | - |
| Mr. Curtis J. Scheel | Director of Investor Relations | 66 |
| Ms. Carolyne K. Large | Vice President of Marketing | - |
| Mr. Luther A. Willems | VP & Chief Human Resources Officer | - |
Riesgo de Auditoría
2
Riesgo del Consejo
1
Riesgo de Compensación
2
Riesgo de Derechos del Accionista
1
Parte 2 · El precio y el momento de entrar
Esta parte no sirve para saber si la empresa vale: sirve para elegir cuándo comprarla, una vez que los fundamentales te han convencido. Dentro: análisis técnico, potencial, caídas históricas, exposición gamma.
Documentos
- Ver documento
Informe anual (10-K)
Un resumen anual del negocio, los resultados financieros y los riesgos de la empresa.
Presentado el 2026-02-26
- Ver documento
Informe trimestral (10-Q)
Una actualización del desempeño financiero de los últimos tres meses.
Presentado el 2026-07-29
- Ver documento
Informe de hecho relevante (8-K)
Un aviso sobre un hecho relevante, como un cambio de dirección o un anuncio importante.
Presentado el 2026-09-25
via SEC EDGAR
Historial de Resultados
via SEC EDGAR
Latest News
Recent headlines for POOL, sourced from Markets Gazette.
- 3/5/2026NEGATIVESteadfast Capital Liquidates Pool Corporation Position With $156 Million Exit
Steadfast Capital has liquidated its entire position in Pool Corporation, an exit valued at $156 million. Pool Corporation is a leading distributor of pool and outdoor living products, with a significant presence across North America, Europe, and Australia. The sale of such a substantial stake by an institutional investor can be interpreted as a signal of reduced confidence or a strategic profit-taking maneuver. For investors, this event raises questions about the stock's future outlook and may indicate impending selling pressure, potentially impacting the share price negatively.
- 2/27/2026NEGATIVEPool Stock Is Down 35% This Past Year, and One Fund Recently Disclosed Dumping a $10 Million Stake
Pool Corporation's stock has plummeted by 35% over the past year, a significant red flag for investors. This concerning trend was exacerbated by the recent disclosure that a fund divested a $10 million stake in the company. Such a move by institutional investors often signals a lack of confidence in the firm's future prospects. Pool Corporation, a distributor of pool supplies and equipment across North America, Europe, and Australia, faces questions regarding its operational challenges or revised growth expectations. The substantial capital outflow and poor stock performance suggest potential headwinds, making it a less attractive investment in the short to medium term.
via Markets Gazette