Latham Group Inc
Latham Group, Inc. designs, manufactures, and markets in-ground residential swimming pools in North America, Australia, and New Zealand. It offers a portfolio of pools and related products, including in-ground swimming pools that include fiberglass and packaged pools; and pool covers and liners under the Latham, Narellan, CoverStar, Radiant, and GLI brand names. The company was formerly known as … Read more
Latham Group Inc (SWIM) - Net Assets
Latest net assets as of September 2025: $408.36 Million USD
Based on the latest financial reports, Latham Group Inc (SWIM) has net assets worth $408.36 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($844.42 Million) and total liabilities ($436.06 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $408.36 Million |
| % of Total Assets | 48.36% |
| Annual Growth Rate | 14.84% |
| 5-Year Change | 37.5% |
| 10-Year Change | N/A |
| Growth Volatility | 17.37 |
Latham Group Inc - Net Assets Trend (2019–2024)
This chart illustrates how Latham Group Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Latham Group Inc (2019–2024)
The table below shows the annual net assets of Latham Group Inc from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $387.22 Million | -3.00% |
| 2023-12-31 | $399.20 Million | +4.29% |
| 2022-12-31 | $382.79 Million | +8.24% |
| 2021-12-31 | $353.64 Million | +25.58% |
| 2020-12-31 | $281.61 Million | +45.31% |
| 2019-12-31 | $193.79 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Latham Group Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 7259800000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $12.00K | 0.00% |
| Other Comprehensive Income | $-5.05 Million | -1.30% |
| Other Components | $467.08 Million | 120.62% |
| Total Equity | $387.22 Million | 100.00% |
Latham Group Inc Competitors by Market Cap
The table below lists competitors of Latham Group Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Xingtong Shipping Co. Ltd.
SHG:603209
|
$314.80 Million |
|
Vina Technology Co. Ltd.
KQ:126340
|
$314.91 Million |
|
Santana Minerals Ltd
AU:SMI
|
$314.98 Million |
|
Henan Dayou Energy Co Ltd
SHG:600403
|
$315.07 Million |
|
Hangzhou MDK Opto Electronic Corp. Ltd. A
SHG:688079
|
$314.70 Million |
|
Manitou BF S.A.
PA:MTU
|
$314.63 Million |
|
Nanjing Baose Co Ltd
SHE:300402
|
$314.45 Million |
|
ALIGHT INC.CL.A DL -0001
F:A9L0
|
$314.43 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Latham Group Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 399,200,000 to 387,222,000, a change of -11,978,000 (-3.0%).
- Net loss of 17,860,000 reduced equity.
- Other comprehensive income decreased equity by 1,511,000.
- Other factors increased equity by 7,393,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-17.86 Million | -4.61% |
| Other Comprehensive Income | $-1.51 Million | -0.39% |
| Other Changes | $7.39 Million | +1.91% |
| Total Change | $- | -3.00% |
Book Value vs Market Value Analysis
This analysis compares Latham Group Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.81x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.77x to 1.81x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $1.61 | $6.07 | x |
| 2020-12-31 | $2.34 | $6.07 | x |
| 2021-12-31 | $3.20 | $6.07 | x |
| 2022-12-31 | $3.38 | $6.07 | x |
| 2023-12-31 | $3.54 | $6.07 | x |
| 2024-12-31 | $3.35 | $6.07 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Latham Group Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -4.61%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.51%
- • Asset Turnover: 0.64x
- • Equity Multiplier: 2.05x
- Recent ROE (-4.61%) is below the historical average (-2.47%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 3.85% | 2.35% | 0.60x | 2.71x | $-11.92 Million |
| 2020 | 5.68% | 3.96% | 0.62x | 2.30x | $-12.18 Million |
| 2021 | -17.63% | -9.89% | 0.79x | 2.25x | $-97.71 Million |
| 2022 | -1.49% | -0.82% | 0.80x | 2.27x | $-43.97 Million |
| 2023 | -0.60% | -0.42% | 0.68x | 2.09x | $-42.31 Million |
| 2024 | -4.61% | -3.51% | 0.64x | 2.05x | $-56.58 Million |
Industry Comparison
This section compares Latham Group Inc's net assets metrics with peer companies in the Building Products & Equipment industry.
Industry Context
- Industry: Building Products & Equipment
- Average net assets among peers: $287,437,890
- Average return on equity (ROE) among peers: 3.80%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Latham Group Inc (SWIM) | $408.36 Million | 3.85% | 1.07x | $314.72 Million |
| AAON Inc (AAON) | $96.52 Million | 29.62% | 0.46x | $5.36 Billion |
| AC Partners Inc (ACPS) | $705.96K | -5.90% | 0.29x | $4.89K |
| Antelope Enterprise Holdings Ltd (AEHL) | $1.44 Billion | 16.90% | 0.16x | $2.07 Million |
| Armstrong Flooring Inc (AFIIQ) | $391.00 Million | -41.69% | 0.81x | $2.18K |
| Montana Technologies Corporation (AIRJ) | $284.10 Million | -0.98% | 0.04x | $91.75 Million |
| Atlas Engineered Products Ltd (APEUF) | $19.81 Million | 35.10% | 0.81x | $33.22 Million |
| Apogee Enterprises Inc (APOG) | $406.19 Million | 16.09% | 0.62x | $694.45 Million |
| Alpha Pro Tech Ltd (APT) | $7.10 Million | 15.49% | 0.41x | $38.91 Million |
| Arlo Technologies (ARLO) | $103.28 Million | -21.34% | 1.76x | $1.44 Billion |
| Aspen Aerogels Inc (ASPN) | $122.47 Million | -5.24% | 0.14x | $253.70 Million |