Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Piscines Desjoyaux S.A. is a leader in the swimming pool manufacturing industry, primarily known for its innovation in constructing inground swimming pools. The company is renowned for its unique concept of building pools without traditional piping systems, which simplifies the construction process and reduces ongoing maintenance costs. This approach is complemented by their extensive range of products, including pool kits, liners, filtration systems, and accessories, positioning the company as a one-stop solution provider for private and commercial pools. Founded in 1966 and headquartered in France, Piscines Desjoyaux has made significant strides in expanding its market presence across various countries, reflecting its commitment to quality and customer satisfaction. It serves a diverse customer base ranging from individual homeowners to recreational and hospitality establishments looking to enhance their services with bespoke swimming pool installations. The brand is synonymous with durability and robust design, leveraging decades of experience to ensure product excellence. Piscines Desjoyaux S.A. plays a crucial role in the leisure and real estate industries, contributing to the enhancement of property value and lifestyle quality through innovative aquatic solutions. Its market presence highlights its ongoing impact on the global swimming pool manufacturing landscape.
Operating margin is thin at 8.62%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 15.6% YoY. Margins deteriorated 4.6pp alongside, both lines moving the wrong way.
ROIC dropped from 7.02% to 3.94%, capital efficiency is deteriorating. Negative free cash flow of -€4M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
€98M
▼ -15.6% YoY
Net Income (TTM)
€6M
▼ -45.4% YoY
Op. Margin
8.62%
▼ -4.6pp YoY
ROIC
3.94%
▼ -3.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-€4M
▼ -360.8% YoY
Op. Cash Flow (TTM)
€2M
▼ -79.8% YoY
Net Debt
-€15M
Net Cash Position
Cash & Equiv.
€56M
3Y CAGR: -15.3%
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