Hayward Holdings, Inc. (HAYW) vs T1 Energy Inc (TE)

Hayward Holdings, Inc. and T1 Energy Inc are both Electrical Equipment & Parts companies. Hayward Holdings, Inc. is the larger, with a market value of $2.7B against $1.2B — 2.3× the size. T1 Energy Inc has negative trailing earnings, so its P/E is not meaningful; Hayward Holdings, Inc. trades at 16.8×. Hayward Holdings, Inc. has the higher net margin (13.8% vs −39.8%) and the higher return on invested capital (7.43% vs −17.2%). Across the 17 metrics below, Hayward Holdings, Inc. leads on 13 and T1 Energy Inc on 4.

Valuation

Metric HAYW TE Electrical Equipment & Parts median
P/E 16.84 n/m 36.10
P/S 2.34 1.06 2.73
P/B 1.71 5.25 3.57
Price to free cash flow 13.38 n/m 33.31
EV/EBITDA 10.43 n/m 18.07
EV/Sales 2.75 1.67 2.75
Earnings yield 5.94% (52.38%) (5.84%)
Free cash flow yield 7.47% (17.57%) 0.00%

Profitability

Metric HAYW TE Electrical Equipment & Parts median
Gross margin 47.95% 8.35% 25.38%
Operating margin 21.15% (22.36%) 0.00%
Net margin 13.83% (39.80%) 0.00%
Free cash flow margin 17.50% (18.66%) 0.00%
Return on equity 10.41% (205.76%) 0.94%
Return on assets 5.25% (25.97%) (1.50%)
Return on invested capital 7.43% (17.23%) 0.00%

Growth

Metric HAYW TE Electrical Equipment & Parts median
Revenue growth (TTM) 7.78% — 9.28%
EPS growth (last fiscal year) 25.93% 31.56% —
Revenue growth, 5-year CAGR 5.09% — 9.80%
Net income growth, 5-year CAGR 28.60% 0.00% 0.00%

Health

Metric HAYW TE Electrical Equipment & Parts median
Debt to equity 0.60 3.75 0.08
Current ratio 3.33 1.30 2.18
Net debt to EBITDA 1.90 (1.00) 0.26

Dividend

Metric HAYW TE Electrical Equipment & Parts median
Dividend yield — — 0.84%
Payout ratio 0.00 0.00 0.00

Size

Metric HAYW TE Electrical Equipment & Parts median
Market cap 2.66b 1.18b 177.98m

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