Latham Group Inc. (SWIM) exhibits 33.4% gross margins and 3.5% return on invested capital within Industrials (Plastic Products), balanced against a 21.7x enterprise multiple and 4.8% implied options volatility.
Sustained 33.4% gross profitability converts into 5.6% operating margin and 3.5% ROIC, outpacing sector cost of capital.
ROIC: 3.5% // GM: 33.4%YoY revenue trajectory of +7.4% paired with 4.45% free cash flow yield supports self-funded R&D and capital return.
REV YOY: +7.4% // FCF YLD: 4.45%Altman Z-Score of 2.11 and Piotroski F-Score of 9/9 indicate low near-term refinancing stress.
ALTMAN Z: 2.11 // F-SCORE: 9/9Trading at 76.8x trailing P/E (71.4x Fwd P/E) leaves valuation vulnerable if real 10Y TIPS yields spike.
P/E: 76.8x // EV/EBITDA: 21.7xOptions market prices a ±5.2% implied move with a 0.85 put/call ratio around $7.26 max pain.
IMPL MOVE: ±5.2% // P/C: 0.85Elevated industry capital intensity and customer concentration in Plastic Products require continuous execution to defend 2.0% net margins.
NET MARGIN: 2.0% // D/E: 0.68x| FILER | SIDE | $ VALUE |
|---|---|---|
| INSPECT FULL OWNERSHIP LEDGER IN OWN <GO> | ||
| STRIKE / EXP | TYPE | PREMIUM |
|---|---|---|
| INSPECT GEX & CHAIN IN OPT <GO> | ||
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