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Fluidra
(BME:FDR)
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Rating:63Neutral
Price Target:
€19.00
▼(-3.11% Downside)
Action:Reiterated
Date:08/04/26
The score is driven primarily by solid (but uneven) financial performance: positive profitability and strong recent free-cash-flow improvement are tempered by margin compression, moderate leverage, and inconsistent cash conversion. Technicals add only moderate support (improving short-to-mid-term trend but still below the 200-day average), and valuation is fair with a supportive dividend yield but a mid-range P/E.
Positive Factors
Lifecycle and recurring demand
Fluidra serves pool construction, renovation and ongoing maintenance, giving it exposure across the full pool lifecycle. The installed base supports recurring replacement, upgrade and consumables demand, which can make revenue more durable than reliance on new construction alone.
Negative Factors
Gross margin compression
Meaningful gross-margin compression weakens the durability of Fluidra’s earnings even while revenue is recovering. Unless product mix, pricing or costs improve, lower gross profitability can limit operating leverage and leave less earnings growth from each additional unit of sales.
Read all positive and negative factors
Positive Factors
Negative Factors
Lifecycle and recurring demand
Fluidra serves pool construction, renovation and ongoing maintenance, giving it exposure across the full pool lifecycle. The installed base supports recurring replacement, upgrade and consumables demand, which can make revenue more durable than reliance on new construction alone.
Read all positive factors
Fluidra (FDR) vs. iShares MSCI Spain ETF (EWP)
Market Cap
€3.44B
Dividend Yield3.43%
Average Volume (3M)345.52K
Price to Earnings (P/E)20.8
Beta (1Y)0.97
Revenue Growth2.69%
EPS Growth2.90%
CountryES
Employees7,336
SectorGeneral
Sector StrengthN/A
IndustryLeisure
Share Statistics
EPS (TTM)0.87
Shares Outstanding192,129,070
10 Day Avg. Volume327,564
30 Day Avg. Volume345,519
Financial Highlights & Ratios
PEG Ratio0.91
Price to Book (P/B)2.76
Price to Sales (P/S)1.98
P/FCF Ratio14.56
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€23.50Price Target Upside19.84% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)1.26
Revenue Forecast (FY)€2.27B
Fluidra Business Overview & Revenue Model
Company Description
Fluidra, S.A., established in 1969 and headquartered in Sant Cugat del Vallés, Spain, is a global enterprise specializing in the production and sale of equipment and accessories for swimming pools, irrigation, and water treatment and purification....
How the Company Makes Money
Fluidra makes money primarily by selling pool and wellness products and solutions across the pool lifecycle (construction/installation, renovation/upgrade, and ongoing maintenance). Its revenue model is largely product-based, with sales generated ...
Fluidra Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
62
Positive
Cash Flow
66
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.22B | 2.22B | 2.14B | 2.08B | 2.43B | 2.22B |
| Gross Profit | 668.45M | 706.90M | 1.25B | 1.14B | 1.28B | 1.20B |
| EBITDA | 840.05M | 471.38M | 417.62M | 382.97M | 436.27M | 496.17M |
| Net Income | 166.38M | 176.03M | 138.07M | 113.83M | 159.93M | 252.36M |
Balance Sheet | ||||||
| Total Assets | 3.76B | 3.41B | 3.64B | 3.51B | 3.77B | 3.51B |
| Cash, Cash Equivalents and Short-Term Investments | 141.49M | 120.65M | 162.21M | 111.30M | 81.33M | 98.60M |
| Total Debt | 1.25B | 1.36B | 1.32B | 1.33B | 1.46B | 1.17B |
| Total Liabilities | 2.12B | 1.81B | 1.98B | 1.93B | 2.09B | 1.88B |
| Stockholders Equity | 1.63B | 1.59B | 1.65B | 1.57B | 1.67B | 1.61B |
Cash Flow | ||||||
| Free Cash Flow | 164.19M | 302.07M | 237.49M | 364.80M | 41.91M | 271.16M |
| Operating Cash Flow | 224.56M | 342.61M | 310.60M | 428.93M | 120.28M | 342.58M |
| Investing Cash Flow | -124.21M | -183.84M | -74.29M | -94.26M | -94.35M | -504.10M |
| Financing Cash Flow | -107.79M | -181.43M | -190.59M | -293.29M | -37.98M | 18.12M |
Fluidra Technical Analysis
Neutral
19.61
Price Trends
18.21
Negative
18.61
Negative
19.95
Negative
Market Momentum
-0.06
Negative
57.41
Neutral
97.07
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ES:FDR, the sentiment is Neutral. The current price of 19.61 is above the 20-day moving average (MA) of 17.56, above the 50-day MA of 18.21, and below the 200-day MA of 19.95, indicating a neutral trend. The MACD of -0.06 indicates Negative momentum. The RSI at 57.41 is Neutral, neither overbought nor oversold. The STOCH value of 97.07 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for ES:FDR.
Fluidra Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | €3.44B | 20.84 | 10.31% | 3.43% | 2.69% | 2.90% | |
60 Neutral | €4.91B | 23.05 | 6.14% | 4.82% | 9.68% | -10.60% | |
59 Neutral | €2.38B | 12.32 | 19.61% | 11.37% | 6.96% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | €3.12B | 23.69 | 13.38% | 3.29% | 3.64% | 41.50% | |
51 Neutral | €11.22B | 31.03 | 7.63% | 2.75% | 7.62% | -56.65% |
* General Sector Average
ES:FDR
Fluidra
18.10
-4.90
-21.31%
ES:ANA
Acciona
205.40
18.72
10.03%
ES:ENO
Elecnor
28.10
0.04
0.12%
ES:FCC
Fomento de Construcciones y Contratas
10.38
-0.71
-6.37%
ES:SCYR
Sacyr SA
3.95
0.13
3.35%
Fluidra Corporate Events
Fluidra Continues Share Buyback for Employee Incentive Plan
Oct 21, 2026
Fluidra has continued to execute its share buyback program linked to a global incentivized share purchase plan for employees, acquiring 7,032 shares on 15 October 2026 at an average price of about €17.32 on Spanish stock exchanges. The trans...
Fluidra to Present Nine-Month 2026 Results via Webcast
Oct 8, 2026
Fluidra plans to release its financial results for the first nine months of 2026 on 29 October before the market opens, underscoring its commitment to timely disclosure for investors and analysts. Management will host a webcast presentation that s...
Fluidra Reports Q3 2026 Liquidity Contract Activity and Net Share Purchases
Oct 6, 2026
Fluidra reported activity under its liquidity contract with Banco de Sabadell for the quarter from July 1 to September 30, 2026, detailing purchases and sales of its own shares. The program began the period with 32,532 shares and €485,466.18...
Fluidra advances share buyback with new purchases on Spanish markets
Sep 23, 2026
Fluidra has continued executing its previously announced share buyback programme, purchasing its own shares on Spanish stock exchanges between 14 and 17 September 2026 as part of a regulated capital management initiative. The latest transactions i...
Fluidra Continues Share Buyback to Fund Employee Share Plan
Sep 22, 2026
Fluidra has reported the latest transactions under its ongoing share buyback program, which is designed to fund a global incentivized share purchase plan for company employees. On 15 September 2026, the company repurchased 7,102 shares on Spanish ...
Fluidra Reports Continued Share Buybacks on Spanish Markets
Sep 16, 2026
Fluidra has reported the latest weekly activity under its ongoing share buyback programme, detailing purchases of its own shares executed on Spanish stock exchanges between 7 and 11 September 2026. Over this period, the company acquired several tr...
Fluidra Details Latest Tranche of Share Buyback Transactions
Sep 9, 2026
Fluidra has reported the latest execution details of its ongoing share buyback programme on Spanish stock exchanges, covering transactions carried out between 31 August and 4 September 2026. Over this period, the company repurchased several tranch...
Fluidra advances share buyback program with August repurchases
Sep 2, 2026
Fluidra has continued executing its previously announced share buyback program, reporting a series of share repurchases carried out on Spanish stock exchanges between 24 and 28 August 2026. Over this period, the company bought tens of thousands of...
Fluidra Advances Share Buyback Programme on Spanish Markets
Aug 26, 2026
Fluidra has continued to execute its share buyback programme, repurchasing shares on Spanish stock exchanges between 17 and 21 August 2026. Over this period, the company acquired more than 259,000 shares at prices around €19 per share, as pa...
Fluidra Details August Share Buybacks on Spanish Markets
Aug 19, 2026
Fluidra has reported recent activity under its ongoing share buyback program, detailing the repurchase of its own shares on Spanish stock exchanges between August 10 and 14, 2026. During this period, the company acquired several tranches of stock ...
Fluidra Details August Transactions in Ongoing Share Buyback Programme
Aug 12, 2026
Fluidra has reported recent activity under its ongoing share buyback program, disclosing a series of transactions in its own shares executed on Spanish stock exchanges between 3 and 7 August 2026. The aggregated trades over this period amounted to...
Fluidra Outlines Preliminary 1H 2026 Figures and Use of Alternative Metrics
Jul 31, 2026
Fluidra has released preliminary financial information for the first half of 2026 prepared under IFRS, stressing that the data has not yet been audited and may be subject to future changes. The company notes that some figures rely on assumptions a...
Fluidra lifts profits, trims debt and accelerates growth with strategic acquisitions
Jul 31, 2026
Fluidra reported solid first-half 2026 results, with sales rising 5% at constant currency to 1,258 million euros and adjusted EBITDA up 6% to 321 million euros, supported by resilient aftermarket demand and tight cost control. Strong cash generati...
Fluidra Launches €40 Million Share Buyback to Boost Shareholder Returns
Jul 31, 2026
Fluidra, S.A. is a Spain-based company operating in the pool and wellness sector, supplying equipment and solutions for residential and commercial swimming pools and related water treatment systems. The group focuses on global markets, combining m...
Fluidra Board Confirms Integrity of First-Half 2026 Financial Report
Jul 31, 2026
Fluidra has released its first semi-annual financial report for 2026, covering the period ended 30 June 2026 and formally signed on 28 July 2026 by its board of directors. The report, filed with Spain’s securities regulator, presents summary...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.