Stock fact sheet · data as of
Latham Group, Inc. (SWIM): fair value, margin of safety and Wheel Score
Ticker symbol SWIM · Basic Materials · Construction Materials · United States · Growth
Is SWIM undervalued?
At 8.18 (close of 5 Nov 2026), SWIM trades 109% over the GLS average fair value of 3.91, with 0 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 0.8747 while 10 Cap gives 7.48. 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.
Ranked against every other company we cover, SWIM is clearly faster-growing than it is cheap, so the nightly engine files it under Growth (value score 26, growth score 58, out of 100).
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 | 2.53 | -69% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 4.18 | -49% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 1.80 | -78% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 3.51 | -57% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 7.48 | -9% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 7.02 | -14% | 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 | 0.8747 | -89% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -1.69 | -121% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 10.64 | +30% | 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 "Piotroski 6 or more" Wheel Trade Filter. The Financials tab on the Quote page shows which tests fail. The GLS Moat score is low at 3.3 out of 10: returns on capital, margins or the balance sheet have not shown a lasting edge yet - often a young company, a thin-margin business or one that has only recently turned profitable.
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 3.6%.
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 | 3.3 / 10 | ROE | 2.7% |
| Debt / equity | 0.77 | ROA | 1.4% |
| Free-cash-flow yield | 3.6% | Payout ratio | 0% |
| Institutions | 10 / 10 | Insiders · Congress | 10 · 5 / 10 |
Wheel Score 18: Weak
SWIM scores 18 out of 100 on the Wheel Score, in the Weak band (under 50): it fails filter 3, below fair value - trades 109% above our fair value; and filter 5, can repay its debt - 5.4 years to repay its debt (over 3); and filter 7, a premium worth selling - implied volatility 243% (over 80%); and filter 8, big enough - market cap $962M (under $1.0B), and the parts are thin too - value weak, premium weak, moat weak, health good, red flags fair, option trading weak, stability weak. 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 243%, above the 80% ceiling of the Wheel Trade Filter on premium. The premium looks generous, but moves of that size can blow through any strike. Chain open interest is 2,370 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 3.1M shares a day on a market cap of $962M, with a beta of 1.71 - 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 rates that weak.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Passes | Listed options with 1,000+ contracts of open interest and 100+ traded a day |
| 2 | A real business, not a gamble | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 3 | Below fair value | Fails | trades 109% above our fair value |
| 4 | Financially healthy | Passes | Piotroski F-score 6 or more out of 9 (a company with no score on file passes) |
| 5 | Can repay its debt | Fails | 5.4 years to repay its debt (over 3) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Fails | implied volatility 243% (over 80%) |
| 8 | Big enough | Fails | market cap $962M (under $1.0B) |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Weak | 109% above fair value | |
| Premium | Weak | implied volatility 243% | |
| Moat | Weak | moat 3.3/10 | |
| Health | Good | Piotroski 6/9 | |
| Red Flags | Fair | Red Flags score 75/100 | |
| Option trading | Weak | 2,287 contracts a day, 2,370 open interest | |
| Stability | Weak | beta 1.71, $962M company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for SWIM in the nightly calendar.
Analysts downgraded SWIM 1 time in the last 30 days with no upgrades; the latest action was a reiterated rating by Goldman Sachs on 12 Oct 2026.
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. | 47.99 | 62.88 | +24% | 79Good | $1.0B |
| MCEM The Monarch Cement Company | 272.00 | 361.65 | +25% | 34No options | $1.0B |
| NX Quanex Building Products Corporation | 22.58 | 24.17 | +7% | 40Weak | $1.0B |
| LOMA Loma Negra Compañía Industrial Argentina Sociedad Anónima | 8.91 | 7.33 | -22% | 33Weak | $1.0B |
| NWPX NWPX Infrastructure, Inc. | 91.93 | 119.18 | +23% | 47Weak | $885M |
| CPAC Cementos Pacasmayo S.A.A. | 12.73 | 19.50 | +35% | 37No options | $1.1B |
| NPKI NPK International Inc. | 9.04 | 11.74 | +23% | 42Weak | $759M |
| LMB Limbach Holdings, Inc. | 58.11 | 86.09 | +32% | 46Weak | $693M |
| JBI Janus International Group, Inc. | 5.00 | 6.57 | +24% | 42Weak | $682M |
| TGLS Tecnoglass Inc. | 42.81 | 40.53 | -6% | 30Weak | $1.9B |
| TTAM Titan America S.A. | 14.30 | 22.31 | +36% | 43Weak | $2.6B |
| RMIX Suncrete, Inc. Class A Common Stock | 11.71 | - | - | 16No options | $274M |
Scan 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 top 10 stocks that pass all 9 Wheel Trade Filters, 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 8.18 the stock trades 109% above the GLS average fair value of 3.91 (data as of 5 Nov 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 18 out of 100 (Weak) - it fails Wheel Trade Filters 3, 5, 7, 8. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for SWIM?
3.91 per share as of 5 Nov 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?
No upcoming earnings date is recorded for SWIM in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does SWIM have listed options, and how liquid are they?
Yes. The nightly snapshot found 12 listed contracts with 2,370 open interest across all expiries and implied volatility of 243% 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.