ZWS
Zurn Elkay Water Solutions Corporation
NYSE: ZWS · INDUSTRIALS · POLLUTION & TREATMENT CONTROLS
$51.02
-0.17% today
Updated 2026-06-05
Market cap
$8.11B
P/E ratio
39.34
P/S ratio
4.66x
EPS (TTM)
$1.23
Dividend yield
0.83%
52W range
$35 – $54
Volume
1.1M
Zurn Elkay Water Solutions Corporation (ZWS) Financial Forecast & Price Target 2030
Research-backed projections from analyst consensus, management guidance, and sector analysis.
Research-backed ZWS price target 2030 projection accounting for share dilution, balance sheet debt, and time value of money.
Current price
$51.02
Today
Analyst consensus
$56.22
+10.19% · 12M
2030 Base
$38.86
-23.83% future
NPV today
$25.79
@ 9% WACC
12 analysts:
4 Buy4 Hold0 Sell
Management guidance
CEO Todd Adams has not provided specific multi-year revenue targets in public guidance through 2030. Management maintained full-year 2026 guidance after Q1 outperformance and expects to revisit guidance post-Q2. Q1 2026 guidance indicated 8-9% core sales growth for Q2 with EBITDA margins of 27.0-27.5%, suggesting mid-single-digit organic growth trajectory for 2026 overall.
Sources: Management guidance, analyst consensus, sector analysishigh confidence
ZWS · Zurn Elkay Water Solutions Corporation · Revenue & price projection · 2023–2030E
Actual / 2030 target Projected revenue Base case price Bull to bear range
Bear case (2030)
$23.44
NPV today: $15.56
Base case (2030)
$38.86
NPV today: $25.79
Bull case (2030)
$85.12
NPV today: $56.49
WallStSmart.com
ZWS financial forecast · Research-backed projections
| Metric | 2025 | 2026 (E) | 2027 (E) | 2028 (E) | 2029 (E) | 2030 (E) ★ |
|---|---|---|---|---|---|---|
| Revenue | $1.7B | $1.8B | $2.0B | $2.2B | $2.4B | $2.6B |
| Revenue growth | 8.3% | 8.2% | 9.2% | 10.0% | 9.5% | 8.3% |
| Net margin | — | 16.1% | 17.2% | 18.2% | 19.0% | 19.5% |
| EPS | $1.52 | $1.77 | $2.05 | $2.38 | $2.72 | $3.00 |
| Diluted shares | — | 168M | 168M | 169M | 169M | 170M |
| Net debt | — | $-224.98M | $-471.73M | $-743.03M | $-1.04B | $-1.36B |
| P/S multiple | — | 2.0x | 2.0x | 2.0x | 2.0x | 2.0x |
| Implied price (base) | — | $23.31 | $26.70 | $30.57 | $34.71 | $38.86 |
★ 2030E is the model's terminal target year. Implied price = (Revenue × P/S − Net debt) ÷ Diluted shares.
Scenario detail · Three drivers, three outcomes
| 2030E driver | Bear | Base | Bull |
|---|---|---|---|
| Revenue | $2.6B | $2.6B | $2.6B |
| P/S multiple | 1.0x | 2.0x | 5.0x |
| Diluted shares | 170M | 170M | 170M |
| Net debt | $-1.36B | $-1.36B | $-1.36B |
| Implied P/E † | 8x | 13x | 28x |
| 2030 Price | $23.44 | $38.86 | $85.12 |
| NPV @ 9% | $15.56 | $25.79 | $56.49 |
† Implied P/E: Multiples remain elevated across all three scenarios because ZWS is valued primarily on revenue scale during its growth phase, not near-term earnings power. Lower P/E in the bear case reflects multiple compression, but the absolute level stays high since 2030E still represents a hypergrowth-to-mature transition year.
EV to per-share bridge · How we get to $38.86 base case
ZWS catalysts and risks
Growth catalysts
+ Municipal water infrastructure spending acceleration driven by EPA Lead and Copper Rule compliance deadlines (2024-2030)
+ Filtration product mix shift toward higher-margin offerings (management focus area)
+ Margin expansion through productivity initiatives and supply chain optimization (demonstrated 18% EBITDA growth Q1 2026 vs 11% revenue growth)
+ Share repurchase program ($50M in Q1 2026) providing EPS accretion
+ Potential M&A in water treatment/filtration space to accelerate growth
Key risks
- Municipal capex budget constraints and political delays in infrastructure spending
- Insider selling activity ($40M shares sold over past year suggests management hesitation on valuation)
- Current P/E of 41.6x leaves little margin for error; stock is pricing in sustained mid-teen growth
- Supply chain cost inflation not fully offset by pricing power
- Economic recession reducing construction and water utility capex budgets
- Competition from larger conglomerates (Xylem, AOS, Pentair) with greater scale and diversification
Methodology · Zurn Elkay Water Solutions Corporation 2030 stock forecast model
Zurn Elkay Water Solutions Corporation 2030 price target is calculated using WallStSmart's research model. Revenue projections are derived from analyst consensus across 12 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts. The model is built on five core components:
| 1. Share dilution | Projected from per-ticker schedule of SBC + equity raise activity, compounding year by year (2% cumulative for ZWS by 2030) |
| 2. Net debt | EV minus net debt yields equity value; debt projected from capex cycle trajectory ($-1.36B by 2030) |
| 3. Time value | NPV calculated using 9% WACC (CAPM: beta 0.864) |
| 4. Multiple framework | P/S compresses with scale: bear 1.0x / base 2.0x / bull 5.0x |
| 5. Scenario design | Bull/Base/Bear vary revenue, margin, shares, debt, and multiple independently |
WallStSmart research model · Not financial advice · Past performance is not indicative of future results · Last researched: May 21, 2026.
ZWS price target FAQ
What is the ZWS price target for 2030?
WallStSmart's Zurn Elkay Water Solutions Corporation 2030 base case is $38.86 per share, with a bull case of $85.12 and bear case of $23.44. The NPV of the base case discounted to today at 9% WACC is $25.79.
How is the Zurn Elkay Water Solutions Corporation 2030 stock forecast calculated?
The ZWS 2030 projection multiplies projected revenue by a growth-adjusted P/S multiple to derive enterprise value, subtracts projected net debt to get equity value, then divides by diluted shares outstanding accounting for dilution from stock-based compensation and equity raises.
Why does the ZWS price target account for dilution?
Zurn Elkay Water Solutions Corporation is projected to grow diluted share count from 167M to 170M by 2030 (a 2% increase) through stock-based compensation and capital raises. Ignoring this would inflate the price target by approximately 2%.
What is the analyst consensus on ZWS stock?
12 analysts cover ZWS with an average 12-month price target of $56.22. The 2030 projection extends this framework with longer-horizon assumptions including dilution and time value of money.