STEVEN MADDEN LTD (SHOO)
US5562691080 - Common Stock
Taking everything into account, SHOO scores 7 out of 10 in our fundamental rating. SHOO was compared to 51 industry peers in the Textiles, Apparel & Luxury Goods industry. SHOO gets an excellent profitability rating and is at the same time showing great financial health properties. SHOO has a correct valuation and a medium growth rate. With these ratings, SHOO could be worth investigating further for quality investing!.
1. Profitability
1.1 Basic Checks
In the past year SHOO was profitable.
In the past year SHOO had a positive cash flow from operations.
Of the past 5 years SHOO 4 years were profitable.
Each year in the past 5 years SHOO had a positive operating cash flow.
1.2 Ratios
The Return On Assets of SHOO (13.70%) is better than 90.00% of its industry peers.
SHOO's Return On Equity of 21.66% is fine compared to the rest of the industry. SHOO outperforms 80.00% of its industry peers.
With an excellent Return On Invested Capital value of 18.57%, SHOO belongs to the best of the industry, outperforming 92.00% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for SHOO is significantly above the industry average of 10.21%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.7% | ||
| ROE | 21.66% | ||
| ROIC | 18.57% |
ROA(3y)14.66%
ROA(5y)10.68%
ROE(3y)23.38%
ROE(5y)16.97%
ROIC(3y)20.67%
ROIC(5y)16.21%
1.3 Margins
SHOO's Profit Margin of 8.63% is amongst the best of the industry. SHOO outperforms 82.00% of its industry peers.
SHOO's Profit Margin has improved in the last couple of years.
SHOO has a Operating Margin of 11.19%. This is in the better half of the industry: SHOO outperforms 80.00% of its industry peers.
In the last couple of years the Operating Margin of SHOO has remained more or less at the same level.
SHOO has a worse Gross Margin (41.65%) than 62.00% of its industry peers.
SHOO's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 11.19% | ||
| PM (TTM) | 8.63% | ||
| GM | 41.65% |
OM growth 3Y32.96%
OM growth 5Y1.12%
PM growth 3YN/A
PM growth 5Y2.09%
GM growth 3Y2.82%
GM growth 5Y2.43%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), SHOO is creating value.
Compared to 1 year ago, SHOO has less shares outstanding
The number of shares outstanding for SHOO has been reduced compared to 5 years ago.
SHOO has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
SHOO has an Altman-Z score of 8.27. This indicates that SHOO is financially healthy and has little risk of bankruptcy at the moment.
SHOO's Altman-Z score of 8.27 is amongst the best of the industry. SHOO outperforms 94.00% of its industry peers.
There is no outstanding debt for SHOO. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 8.27 |
ROIC/WACC2.06
WACC9.02%
2.3 Liquidity
SHOO has a Current Ratio of 2.43. This indicates that SHOO is financially healthy and has no problem in meeting its short term obligations.
SHOO has a Current ratio of 2.43. This is comparable to the rest of the industry: SHOO outperforms 56.00% of its industry peers.
A Quick Ratio of 1.82 indicates that SHOO should not have too much problems paying its short term obligations.
SHOO has a Quick ratio of 1.82. This is in the better half of the industry: SHOO outperforms 74.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.43 | ||
| Quick Ratio | 1.82 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 11.54% over the past year.
Measured over the past 5 years, SHOO shows a small growth in Earnings Per Share. The EPS has been growing by 6.02% on average per year.
The Revenue has been growing slightly by 2.18% in the past year.
The Revenue has been growing slightly by 3.69% on average over the past years.
EPS 1Y (TTM)11.54%
EPS 3Y57.47%
EPS 5Y6.02%
EPS growth Q2Q30%
Revenue 1Y (TTM)2.18%
Revenue growth 3Y18.14%
Revenue growth 5Y3.69%
Revenue growth Q2Q19.24%
3.2 Future
Based on estimates for the next years, SHOO will show a quite strong growth in Earnings Per Share. The EPS will grow by 12.98% on average per year.
The Revenue is expected to grow by 7.92% on average over the next years.
EPS Next Y8.64%
EPS Next 2Y11.2%
EPS Next 3Y13.11%
EPS Next 5Y12.98%
Revenue Next Year12.08%
Revenue Next 2Y8.74%
Revenue Next 3Y7.58%
Revenue Next 5Y7.92%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 15.96, which indicates a correct valuation of SHOO.
Compared to the rest of the industry, the Price/Earnings ratio of SHOO indicates a somewhat cheap valuation: SHOO is cheaper than 66.00% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 28.60. SHOO is valued slightly cheaper when compared to this.
With a Price/Forward Earnings ratio of 13.69, SHOO is valued correctly.
SHOO's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. SHOO is cheaper than 66.00% of the companies in the same industry.
SHOO's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 20.15.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.96 | ||
| Fwd PE | 13.69 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as SHOO.
SHOO's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.75 | ||
| EV/EBITDA | 11.68 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The decent profitability rating of SHOO may justify a higher PE ratio.
A more expensive valuation may be justified as SHOO's earnings are expected to grow with 13.11% in the coming years.
PEG (NY)1.85
PEG (5Y)2.65
EPS Next 2Y11.2%
EPS Next 3Y13.11%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.01%, SHOO has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 2.72, SHOO pays a bit more dividend than its industry peers.
SHOO's Dividend Yield is comparable with the S&P500 average which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.01% |
5.2 History
On average, the dividend of SHOO grows each year by 9.05%, which is quite nice.
SHOO has been paying a dividend for over 5 years, so it has already some track record.
SHOO has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)9.05%
Div Incr Years0
Div Non Decr Years3
5.3 Sustainability
SHOO pays out 35.02% of its income as dividend. This is a sustainable payout ratio.
SHOO's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP35.02%
EPS Next 2Y11.2%
EPS Next 3Y13.11%
STEVEN MADDEN LTD
NASDAQ:SHOO (5/17/2024, 7:26:12 PM)
After market: 41.66 0 (0%)41.66
-0.11 (-0.26%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryTextiles, Apparel & Luxury Goods
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap3.05B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.01% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
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PT rev (1m)
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EPS NQ rev (1m)
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EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.96 | ||
| Fwd PE | 13.69 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)1.85
PEG (5Y)2.65
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.7% | ||
| ROE | 21.66% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 11.19% | ||
| PM (TTM) | 8.63% | ||
| GM | 41.65% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover1.59
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 2.43 | ||
| Quick Ratio | 1.82 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)11.54%
EPS 3Y57.47%
EPS 5Y
EPS growth Q2Q
EPS Next Y8.64%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)2.18%
Revenue growth 3Y18.14%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y