Pool Corporation Intrinsic Value – Artemis Investment Management LLP decreases Pool Co. holdings by 15.7% in fourth quarter

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POOL CORPORATION ($NASDAQ:POOL), commonly known as Pool Co., is a leading distributor of swimming pool supplies and equipment in the United States and internationally. POOL Corporation‘s stock, listed on the NASDAQ exchange under the ticker symbol POOL, has been performing well in recent years, with a steady increase in value and consistent dividends for its shareholders.

However, according to the recent 13F filing by Artemis Investment Management LLP, a prominent global asset management company, their holdings in POOL Co. decreased by 15.7% in the fourth quarter. This news may cause some concern among investors and analysts, as Artemis Investment Management is known for its successful track record in managing investments in various industries. It shows the changes in their holdings of stocks, bonds, options, and other securities at the end of each quarter. As such, it is an important tool for investors and analysts to track institutional activity and gain insight into their investment strategies. One possible reason could be that they saw better opportunities in other stocks and decided to reallocate their funds accordingly. It could also be a strategic move to reduce their exposure to POOL Co. in light of market conditions or their own internal risk management strategies. Despite this decrease in holdings, it is worth noting that POOL Co.’s stock has continued to perform well in recent months, with a steady growth in value. In conclusion, while the decrease in holdings by Artemis Investment Management may raise some concerns, it is important to note that institutional investors often make changes to their investment portfolios for various reasons. POOL Co.’s continued strong performance and financial results should provide reassurance to investors. As always, it is advisable to conduct thorough research and consult with a financial advisor before making any investment decisions.

Analysis – Pool Corporation Intrinsic Value

After analyzing the fundamentals of POOL CORPORATION, I have determined that the company is in a strong financial position. Their revenue and earnings have been consistently growing over the past few years, indicating a stable and profitable business model. Additionally, POOL CORPORATION has a healthy balance sheet with minimal debt and a strong cash position. Based on our proprietary Valuation Line, the fair value of POOL CORPORATION’s share is calculated to be around $407.4. This takes into account their current financial performance and future growth potential. Therefore, at its current market price of $414.6, POOL CORPORATION stock is slightly overvalued by 1.8%. It simply means that investors may want to wait for a potential dip in the stock price before buying in, in order to get a better deal. Overall, POOL CORPORATION appears to be a solid and well-managed company with a strong financial standing. While its current market price may be slightly overvalued, it is still a good investment option for those looking for stability and potential growth in the long term. More…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Pool Corporation. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Pool Corporation. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Pool Corporation. More…

Key Ratios Snapshot

Some of the financial key ratios for Pool Corporation are shown below. More…

Peers

The company operates in over 30 countries and serves more than 3,000 retail customers. Pool Corp’s main competitors are Leslies Inc, Dam Sen Water Park Corp, and Tandem Group PLC.

– Leslies Inc ($NASDAQ:LESL)

Leslies Inc is a pool and spa company that has a market cap of 2.38B as of 2022. The company has a Return on Equity of -51.73%. The company has been in business for over 60 years and has a strong brand presence in the pool and spa industry. The company has a diversified product portfolio that includes above-ground pools, inground pools, spas, and pool and spa chemicals. The company operates in North America, Europe, and Asia Pacific.

– Dam Sen Water Park Corp ($HOSE:DSN)

The Tandem Group is a holding company for a number of businesses which are active in the design, development and manufacture of products for the cycling and leisure industries. Its core businesses are CycleOps, a US designer and manufacturer of indoor bike trainers and related cycling accessories, and Infinity Cycles, one of the UK’s leading multi-channel cycle retailers. The company also has a 50% interest in Madison, a leading UK-based cycling and tri-sport distributor and retailer.

The Tandem Group’s market capitalisation is 13.55M as of 2022. The company has a Return on Equity of 9.17%.

The Tandem Group is a holding company for businesses which design, develop, and manufacture products for the cycling and leisure industries. The company has two core businesses: CycleOps, a US designer and manufacturer of indoor bike trainers and related cycling accessories; and Infinity Cycles, one of the UK’s leading multi-channel cycle retailers. The company also has a 50% interest in Madison, a leading UK-based cycling and tri-sport distributor and retailer.

Summary

Artemis Investment Management LLP recently reduced its holdings in Pool Co. by 15.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. This move suggests that the company may not have met the expectations of some investors, leading to a decrease in interest. However, the stock price for Pool Co. actually increased on the same day, potentially indicating that there is still confidence in the company’s future performance. Overall, this move by Artemis Investment Management LLP highlights the importance of staying updated on investment analysis and making strategic decisions based on market trends and company performance.