Invesaro

Stocks HAYW DCF valuation

DCF valuation

What is Hayward Holdings, Inc. worth?

With the base-case assumptions below, a discounted cash flow model on Hayward Holdings, Inc.'s reported free cash flow gives $17.19 per share. The share price was $16.61 on November 10, 2026, 3% below that value.

Inputs from the filings

Free cash flow, fiscal 2025
$227.3M
Average free cash flow, last 5 years
$164.4M
Cash
$236.3M
balance sheet of September 26, 2026
Debt
$956.4M
balance sheet of September 26, 2026
Diluted shares, fiscal 2025
222,225,777
Revenue growth per year, last 4 years
6.4%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear1.5%2.0%2.0%10.0%$9.53-43%
Base6.5%4.5%2.5%9.0%$17.19+3%
Bull11.5%7.5%3.0%8.0%$32.46+95%

Sensitivity: base case value per share

Discount rate down the side, growth after year 10 across the top. Everything else as in the base case.

1.5%2.0%2.5%3.0%3.5%
7.0%$22.84$24.57$26.68$29.32$32.71
8.0%$18.62$19.74$21.07$22.65$24.60
9.0%$15.54$16.30$17.19$18.22$19.44
10.0%$13.19$13.73$14.35$15.05$15.87
11.0%$11.34$11.74$12.18$12.69$13.26

Where the presets come from

Base: years 1 to 5 grow at Hayward Holdings, Inc.'s revenue growth rate over the last 4 fiscal years (6.4% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.

Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.

Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.

This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.

Adjust the assumptions

Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.

Adjust the assumptions

Hayward Holdings, Inc. company page