Fluidra FDR.MC
Fluidra is a Spanish company dedicated to the design, manufacture, and distribution of solutions for pools and water wellness, with a global business model combining equipment, components, and maintenance services. Fluidra shows acceptable financial health (5.94) with an operating margin of 17.65%, but its earnings growth is negative (-9.30%) and its net debt/EBITDA of 3.11 is high. Valuation is attractive (forward P/E 11.81, FCF yield 8.75%), but the context of high rates and weak discretionary consumption could continue to pressure the business.
Detailed metrics
Market and fundamental data as of the analysis date.
Full AI report
Generated automatically from the metrics, the macro context and the company's news.
Fluidra is a Spanish company dedicated to the design, manufacture, and distribution of solutions for pools and water wellness, with a global business model combining equipment, components, and maintenance services. Fluidra shows acceptable financial health (5.94) with an operating margin of 17.65%, but its earnings growth is negative (-9.30%) and its net debt/EBITDA of 3.11 is high. Valuation is attractive (forward P/E 11.81, FCF yield 8.75%), but the context of high rates and weak discretionary consumption could continue to pressure the business.
Score by category
| Category | Score |
|---|---|
| Financial health | 5.3 |
| Quality / Moat | 6.9 |
| Valuation | 7.3 |
| Growth | 3.6 |
| Dividend | 7.7 |
| Momentum | 3.6 |
| Risk & Context | 5.8 |
OVERALL SCORE: 6.0/10
Context and risks
Fluidra operates in Spain, a country with elevated governance risk according to the assigned profile. Additionally, its discretionary consumer business (pools) is sensitive to the economic cycle, adding demand risk in a high-rate environment.
News considered in the analysis
- Assessing Fluidra (BME:FDR) Valuation After Recent Share Price Weakness — Análisis genérico de valoración tras la caída del precio, sin información nueva material.
- Fluidra SA (FLUIF) Q4 2025 Earnings Call Highlights: Strong Sales and EBITDA Growth Amid Market ... — Resultados del cuarto trimestre con crecimiento de ventas y EBITDA, positivo pero ya parcialmente reflejado en el precio.
- How The Fluidra (BME:FDR) Investment Story Is Evolving After The €26.91 Target Reset — Ajuste de precio objetivo por parte de un analista, sin información fundamental nueva.
Verdict: Hold. Valuation is attractive, but negative growth and high debt warrant caution until results improve.
Main risk: The main risk is the high debt (ND/EBITDA 3.11) in a rising interest rate environment, which makes refinancing more expensive and may limit investment and growth capacity.
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