Stock fact sheet · data as of
Latham Group, Inc. (SWIM): fair value, margin of safety and Wheel Score
Basic Materials · Construction Materials · United States · Blend
Is SWIM undervalued?
At 6.00 (close of 16 Oct 2026), SWIM trades 92% over the GLS average fair value of 3.12, with 1 of 7 models above the price. The stock earns none of the Wheel Score's Value points at this price. That is a statement about price against trailing fundamentals, not about the company's prospects - the Wall Street View and the Growth tab on the Quote page carry the forward numbers.
The 7 models disagree widely: EPV gives 0.5037 while 10 Cap gives 8.68. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
The nightly engine files SWIM under Blend.
Nine valuation models for SWIM
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | - | - | Present value of the projected free cash flows, discounted at the cost of capital; no value tonight |
| Graham Number | 1.89 | -68% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 2.59 | -57% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 1.13 | -81% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 2.62 | -56% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 8.68 | +45% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 4.40 | -27% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | 0.5037 | -92% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -1.69 | -128% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 10.64 | +77% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is average - SWIM passes 6 of the nine Piotroski tests, which passes the Sunday Scan's "6 or more" rule. The Financials tab on the Quote page shows which tests fail. The GLS Moat score is low at 3.6 out of 10, which says the ten-year record of revenue, earnings, margins and returns on capital has been inconsistent - growth and shocks rather than steady compounding.
Returns on capital are thin or negative - ROIC 1.6%, ROE 2.7%, ROA 1.4% - with debt at 0.77 times equity and a free-cash-flow yield of 5.2%.
Latham Group, Inc. pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain. Revenue comes mainly from In Ground Swimming Pools 49%, Liners 31%, Covers 21% (quarter Q2 FY2026).
Institutional ownership scores 10/10, insider activity 10/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 6 / 9 | ROIC | 1.6% |
|---|---|---|---|
| GLS Moat | 3.6 / 10 | ROE | 2.7% |
| Debt / equity | 0.77 | ROA | 1.4% |
| Free-cash-flow yield | 5.2% | Payout ratio | 0% |
| Institutions | 10 / 10 | Insiders · Congress | 10 · 5 / 10 |
Wheel Score 45: Weak
SWIM scores 45 out of 100 on the Wheel Score, in the Weak band (under 50). Value 0/25, Health 13/20, Moat 5/15, Premium 14/20, Stability 12/20. The score is not a judgement on the company; it says the price, quality and premium do not line up for selling puts on it today.
Implied volatility is 85% on the near-the-money contracts 20-60 days out - above the 60% ceiling of the sweet spot. Premiums are large, but the Wheel Score tapers the Premium points (14 of 20) because volatility this high usually comes with a reason. Chain open interest is thin - 1,983 contracts across every expiry - so fills at a fair price are not guaranteed; a 30-45-day put may not exist at a usable strike.
Volume runs at 1.1M shares a day on a market cap of $706M, with a beta of 1.66 - a high beta, so the stock tends to move more than the market and a strike can be gapped through; the Stability part of the Wheel Score gives that 12 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 0 / 25 | -92% margin of safety | |
| Health | 13 / 20 | Piotroski 6/9 | |
| Moat | 5 / 15 | moat 3.6/10 | |
| Premium | 14 / 20 | implied volatility 85% | |
| Stability | 12 / 20 | 1.1M shares/day, $706M cap, beta 1.66 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 3 Nov 2026 (after the close), 18 days away; a 30-45-day put sold today would expire after it, which is worth weighing against the premium.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Construction Materials
The 12 companies below are the closest to Latham Group, Inc. by market cap within the Construction Materials industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| APOG Apogee Enterprises, Inc. | 41.26 | 64.34 | +36% | 78Good | $862M |
| JBI Janus International Group, Inc. | 4.22 | 6.49 | +35% | 66Good | $576M |
| LMB Limbach Holdings, Inc. | 47.80 | 80.69 | +41% | 69Good | $570M |
| NX Quanex Building Products Corporation | 19.32 | 22.89 | +16% | 71Good | $885M |
| NPKI NPK International Inc. | 10.67 | 11.29 | +6% | 66Good | $906M |
| NWPX NWPX Infrastructure, Inc. | 98.15 | 111.76 | +12% | 73Good | $946M |
| MCEM The Monarch Cement Company | 260.00 | 361.08 | +28% | 39No options | $977M |
| CPAC Cementos Pacasmayo S.A.A. | 12.67 | 28.00 | +55% | 39No options | $1.1B |
| LOMA Loma Negra Compañía Industrial Argentina Sociedad Anónima | 10.12 | 1,794.37 | +99% | 72Good | $1.2B |
| TGLS Tecnoglass Inc. | 36.77 | 40.23 | +9% | 65Good | $1.6B |
| RMIX Suncrete, Inc. Class A Common Stock | 10.19 | - | - | 39No options | $239M |
| TTAM Titan America S.A. | 13.07 | 22.15 | +41% | 80Prime | $2.4B |
Screen the whole market the same way
A free GLS Equity account gets you nightly fair value and the Wheel Score on ~7,400 US stocks, a watchlist, the scanner preview and the Sunday Scan - the same eight-rule screen, emailed every week. Pro adds the full put and call scanners, unlimited watchlists with alerts and the trade journal.
Start free See the Sunday ScanQuestions about SWIM
Is SWIM undervalued right now?
No: at 6.00 the stock trades 92% above the GLS average fair value of 3.12 (data as of 16 Oct 2026), well beyond what trailing earnings, cash flow and book value support.
What is the Wheel Score of SWIM and what does it mean?
SWIM scores 45 out of 100 (Weak). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for SWIM?
3.12 per share as of 16 Oct 2026 - the simple average of the 7 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Latham Group, Inc. report earnings next?
The next earnings report is due on 3 Nov 2026 (after the close), 18 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does SWIM have listed options, and how liquid are they?
Yes. The nightly snapshot found 48 listed contracts with 1,983 open interest across all expiries and implied volatility of 85% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.