Fluidra (FDR) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Fluidra stock €21.25, price €19.32, upside +10.0%, quality 66 out of 100. Rating: fairly valued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range €10.71 – €32.14 · fair‑value band €12.84 – €26.57 · the €19.32 price screens below the €21.25 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 8, 2026.
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Fluidra, S.A., together with its subsidiaries, designs, manufactures, distributes, and markets accessories and machinery for swimming-pools, irrigation and water treatment, and residential and commercial pool purification market worldwide.
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It offers basic equipment, which includes pumps, valves, filters, heaters, ladders, showers, grates, lights, and cleaning accessories; specialized equipment, such as robotic cleaners, pool covers, fire and water features, slides, diving boards, and connected products; spare parts; and above-ground pools and ponds.
The company also provides products and services for public-use aquatic facilities, including hotel and resort swimming pools, water parks, municipal swimming pools, competition pools, fountains, lagoons, and aquariums; and wellness products comprising saunas, steam baths, sensory showers, and Nordic baths.
In addition, it offers systems for maintaining water quality in residential pools, such as disinfection systems comprising salt chlorinators and UV equipment, pH regulators, and pumps and other accessories; and chemical products.
Further, the company provides fluid handling and control systems and components, such as pipes, valves, and thermoplastic made accessories designed to carry fluids.
Additionally, it offers irrigation accessories for landscaping around pools, and fluid handling and flow control products for industrial use.
It sells its products under the AstralPool, Zodiac, Jandy, Polaris, Gre, Cepex, CtxPro, S.R. Smith, CMP, Piscine Laghetto, AquaForte, Certikin, BARACUDA, Cover-Pools, BAC pool systems, taylor, and Grand Effects brand names.
The company was formerly known as Aquaria de Inv. Corp., S.L. and changed its name to Fluidra, S.A. in September 2007. Fluidra, S.A. was founded in 1969 and is headquartered in Sant Cugat del Vallès, Spain.
Stock analysis
Fluidra (FDR) currently trades at €19.32, while our model-based Fair Value estimate is €21.25, so the stock looks roughly fairly valued today (gap 9.1%).
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Valuation
Bull case: the Growth DCF group reads highest at a median of €22.73 per share, and 14 of the 24 models we run sit above the €19.32 price.
Bear case: the Economic Profit group reads lowest at €7.68, and 10 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: €12.84 (bear) to €26.57 (bull), the price of €19.32 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 66/100 (solid quality), in the Consumer Cyclical sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Fluidra reported revenue of €2.2B in FY2025 versus €2.2B in FY2021, a compound +0.0%/yr. Reported net income was €176M in FY2025, compounding −8.6%/yr from FY2021.
Key figures
Market cap €3.7B Mid · P/E ratio 22.0 · P/S ratio 1.59 · EPS (TTM) €0.8800 · Dividend yield 3.4% · Net margin 7.2% · Return on equity 10.5% · Return on assets (EBIT) 8.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 49 out of 100 (low confidence).
What moves the price
The share trades about 24% below its 52-week high and 14% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 22% fair-value upside, at 10%, FDR screens richer than that median.
Fair Value models
Bear€12.84Fair Value €21.25Bull€26.57
Price €19.32 · Upside +10.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (€0.1966 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+4.0%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−2.9%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.0%
Start year 2020 (pandemic). Over 10 years: +12.9% a year
Revenue growth 21 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.9%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+16.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+13.3%
Dividend (yield on the price)3.4%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.13.3% vs 23.1%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.12% → 14%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes about as much growth as the company has delivered so far and about what analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+6.9%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+4.2%
Yearly sales growth analysts expect, extended to five years.
After inflation (euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about +4.6% a year for the price and +2.0% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (71 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
AI conclusion: Moderate profitability signals form the main strength while thin evidence and lack of any durable moat indicators remain the central weakness.
Main risk: Uneven demand in the leisure market threatens revenue stability and the integration success of the pool equipment and chemicals portfolio.
Fluidra is preparing to acquire Hydrapro, a French provider of pool chemicals, to expand its water treatment offerings and create synergies with its existing pool equipment portfolio. In a leisure market with uneven demand, this move could boost recurring revenue but hinges on smooth integration. Our models currently see the stock as undervalued. Will the acquisition deliver lasting cost and revenue benefits or mainly increase operational complexity?
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Leisure · 169 stocks
Beats the industry median on 10/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score66 · Top 25%
Fair Value upside+10.0% · Above median
Profitability
Return on equity (12 months)10.5% · Above median
Return on assets5.2% · Above median
Net margin (12 months)7.2% · Above median
Operating margin (12 months)11.1% · Above median
Growth and dividend
Revenue growth (quarter YoY)15.0% · Top 25%
Dividend yield (12 months)3.4% · Above median
Balance sheet
Debt / equity0.65× · Highest 25%
Valuation Multiplesvs Leisure median · lower = cheaper
P/E (12 months)22.0× · Pricier than median
P/B2.30× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
P/S (12 months)1.59× · Pricier than median
Price / free cash flow (fiscal year)12.2× · Cheaper than median
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Fluidra Fair Value". https://www.fairvalue-calculator.com/stock/FDR
Frequently asked questions
Is Fluidra (FDR) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of €21.25 versus a price of €19.32, about +10% upside (fairly valued).
What is the fair value of FDR?
Our model-based fair value for Fluidra is €21.25 (as of Nov 8, 2026), built from audited fundamentals. The current price: €19.32.
What is the quality score of FDR?
Fluidra has a Quality Score of 66/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Fluidra (FDR)?
Our model-based price target is the fair value of €21.25 (as of Nov 8, 2026) from 24 valuation models. Cautious scenario €12.84, optimistic scenario €26.57. It is a calculation from audited fundamentals, not an analyst target.
What is the Fluidra stock forecast for 2026?
Our models put fair value at €21.25, about +10% upside versus a price of €19.32 (fairly valued). Cautious scenario €12.84, optimistic scenario €26.57. The calculation is refreshed regularly with new filings.
What is the revenue of Fluidra (FDR)?
Fluidra reported trailing-twelve-month revenue of about €2.3B (latest available figure, as of Nov 8, 2026).
Does Fluidra pay a dividend?
Fluidra currently shows a dividend yield of 3.36% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Fluidra (FDR) and when is the ex-dividend date?
Fluidra pays a dividend of €0.65 per share a year, a dividend yield of 3.4%. The next ex-dividend date is Dec 8, 2026. A dividend has been paid every year since 2020. The payout ratio is 73.9% of earnings. Free cash flow covers the dividend 2.47 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Fluidra (FDR)?
For today's price to be fair in a discounted-cash-flow model, Fluidra would have to grow free cash flow by +6.9 % per year for five years (discount rate 10.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +8.0 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of FDR use?
Our models discount Fluidra at 10.7 %: a base by market capitalisation (mid), damped by beta 0.89, country premium for Spain. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Fluidra that is +6.9 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.7 %) and the same formula as our fair value.
How much growth has Fluidra (FDR) delivered so far?
Over the past 5 years revenue at Fluidra grew +8.0 % a year. The price currently implies free-cash-flow growth of +6.9 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Fluidra (FDR) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Fluidra (+6.9 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Fluidra (FDR)?
The free-cash-flow yield on the price is 8.23 %: that much free cash flow Fluidra produces per unit of market value. When it exceeds the discount rate of our models (10.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Fluidra (FDR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Fluidra it is €21.25 per share (as of Nov 8, 2026), against a price of €19.32. It is the blended result of 24 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Growth DCF, Economic Profit, Growth Earnings).
Is Fluidra stock overvalued or undervalued in 2026?
As of Nov 8, 2026, FDR trades below its calculated fair value: price €19.32, fair value €21.25, a gap of about +10% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of FDR?
No. The price is what the market pays today (€19.32); the fair value is what the company's own numbers justify (€21.25). For Fluidra the two are €1.93 per share apart. That gap is exactly why we show both numbers side by side.
How much is Fluidra worth?
The market values Fluidra at about €3.7B (market capitalisation, as of Nov 8, 2026). Per share that is €19.32; our models calculate a fair value of €21.25 per share.
What do the bullish and bearish scenarios say about FDR?
Our models span a range for Fluidra: cautious scenario €12.84, base €21.25, optimistic €26.57 per share (as of Nov 8, 2026, price €19.32). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of FDR?
Fluidra trades at a price-to-earnings ratio of 22.0 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €21.25 is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2016 to 2025), reported earnings: 31.4. Other multiples: PEG 0.6, P/B 2.3, P/S 1.6, EV/EBITDA 11.7.
What is the PEG ratio of FDR?
The PEG ratio of Fluidra is 0.64 (P/E divided by earnings growth, as of Nov 8, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Fluidra (FDR)?
Balance-sheet figures for Fluidra (as of Nov 8, 2026): return on equity 10.5%, debt of 0.65 per unit of equity. They feed the Quality Score of 66/100, which measures business quality independently of the share price.
How far is FDR from its 52-week high?
Fluidra trades at €19.32, about 24% below its 52-week high of €25.52 and 14% above the low of €17.00 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of €21.25 is for.
Which stocks are comparable to Fluidra?
From the same area (Consumer Cyclical) we also value Pop Mart International Group, Amer Sports, Inc, Hasbro, Inc, Life Time Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Fluidra stock attractive at the current price?
The data as of Nov 8, 2026: price €19.32, calculated fair value €21.25 (+10%), Quality Score 66/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of FDR calculated?
We run Fluidra through 24 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of €21.25 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Fluidra currently trades 9% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Fluidra (FDR)?
The closing price on Nov 6, 2026 was €19.32. Our model-based fair value is €21.25, about +10% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Fluidra right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (€12.84 to €26.57) leaves room in how you read the outcome.
Where does the earnings growth of Fluidra (FDR) come from?
Earnings per share at Fluidra grew +21.5 % a year from 2014 to 2025. Broken into its drivers: revenue per share +7.5 %, EBIT margin +11.4 %, tax rate +1.2 %, residual (interest, one-offs) +0.2 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Fluidra
How large is the market capitalisation of Fluidra (FDR)?
The market capitalisation of Fluidra is €3.7B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Fluidra (FDR)?
The price-to-sales ratio of Fluidra is 1.59 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Fluidra (FDR)?
Earnings per share at Fluidra are €0.8800 (price ÷ EPS = P/E 22.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Fluidra (FDR)?
The dividend yield of Fluidra is 3.4% (payout 73.9%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Fluidra (FDR)?
The net margin of Fluidra is 7.2% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Fluidra (FDR)?
The return on equity (ROE) of Fluidra is 10.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Fluidra (FDR)?
On an EBIT basis the return on assets of Fluidra is 8.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Fluidra (FDR)?
The operating margin of Fluidra is 11.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Fluidra (FDR)?
Revenue at Fluidra is growing +15.0% versus a year earlier (3y avg −2.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Fluidra (FDR)?
Earnings per share at Fluidra are growing −9.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Fluidra (FDR) carry?
The net debt of Fluidra is €1.2B (fiscal year 2025, ≈ 4.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 8, 2026