Added to YB: 2025-04-30
Pitch date: 2025-03-14
SWIM [bullish]
Latham Group, Inc.
-3.16%
current return
Author Info
No bio for this author
Company Info
Latham Group, Inc. designs, manufactures, and markets in-ground residential swimming pools in North America, Australia, and New Zealand.
Market Cap
$643.7M
Pitch Price
$7.29
Price Target
20.00 (+183%)
Dividend
N/A
EV/EBITDA
11.81
P/E
-35.94
EV/Sales
1.77
Sector
Leisure Products
Category
turnaround
Latham Group, Inc. - $SWIM
SWIM: $7 to $15-20 PT. In depressed pool market at GFC levels (6% of single-family starts vs 11% historical avg), SWIM is 50% share leader in high-growth fiberglass pools segment (23% market penetration, up from 16% 2019). M-cap $805M, 2.4x leverage. Recovery to 78k pool starts = $180M EBITDA (2027), 5.3x EV/EBITDA. Catalysts: pool rebound, home sales, falling rates.
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