CALERES INC (CAL) Stock Fundamental Analysis
USA - NYSE:CAL - US1295001044 - Common Stock
13.05 USD
-0.6 (-4.4%)
13.05 USD
0 (0%)
CAL gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 122 industry peers in the Specialty Retail industry. CAL scores excellent on profitability, but there are concerns on its financial health. CAL is valued correctly, but it does not seem to be growing. CAL also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
CAL had positive earnings in the past year.
CAL had a positive operating cash flow in the past year.
Of the past 5 years CAL 4 years were profitable.
CAL had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
CAL has a Return On Assets of 2.69%. This is comparable to the rest of the industry: CAL outperforms 59.02% of its industry peers.
The Return On Equity of CAL (9.45%) is better than 68.03% of its industry peers.
Looking at the Return On Invested Capital, with a value of 5.78%, CAL is in the better half of the industry, outperforming 61.48% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for CAL is in line with the industry average of 11.93%.
The 3 year average ROIC (13.19%) for CAL is well above the current ROIC(5.78%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.69% | ||
| ROE | 9.45% | ||
| ROIC | 5.78% |
ROA(3y)8%
ROA(5y)1.53%
ROE(3y)29.28%
ROE(5y)-18.01%
ROIC(3y)13.19%
ROIC(5y)N/A
1.3 Margins
CAL has a Profit Margin of 2.19%. This is in the better half of the industry: CAL outperforms 61.48% of its industry peers.
In the last couple of years the Profit Margin of CAL has grown nicely.
Looking at the Operating Margin, with a value of 3.84%, CAL is in the better half of the industry, outperforming 61.48% of the companies in the same industry.
In the last couple of years the Operating Margin of CAL has grown nicely.
Looking at the Gross Margin, with a value of 43.97%, CAL is in the better half of the industry, outperforming 68.03% of the companies in the same industry.
In the last couple of years the Gross Margin of CAL has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 3.84% | ||
| PM (TTM) | 2.19% | ||
| GM | 43.97% |
OM growth 3Y-10.14%
OM growth 5Y6.49%
PM growth 3Y-7.2%
PM growth 5Y12.79%
GM growth 3Y0.52%
GM growth 5Y2.06%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), CAL is creating some value.
The number of shares outstanding for CAL has been reduced compared to 1 year ago.
The number of shares outstanding for CAL has been reduced compared to 5 years ago.
Compared to 1 year ago, CAL has a worse debt to assets ratio.
2.2 Solvency
CAL has an Altman-Z score of 1.91. This is not the best score and indicates that CAL is in the grey zone with still only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 1.91, CAL is in line with its industry, outperforming 43.44% of the companies in the same industry.
CAL has a Debt/Equity ratio of 0.63. This is a neutral value indicating CAL is somewhat dependend on debt financing.
CAL's Debt to Equity ratio of 0.63 is in line compared to the rest of the industry. CAL outperforms 46.72% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.63 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.91 |
ROIC/WACC0.58
WACC9.9%
2.3 Liquidity
CAL has a Current Ratio of 1.08. This is a normal value and indicates that CAL is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of CAL (1.08) is worse than 69.67% of its industry peers.
A Quick Ratio of 0.40 indicates that CAL may have some problems paying its short term obligations.
With a Quick ratio value of 0.40, CAL is not doing good in the industry: 61.48% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.08 | ||
| Quick Ratio | 0.4 |
3. Growth
3.1 Past
CAL shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -46.21%.
CAL shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 9.39% yearly.
The Revenue for CAL has decreased by -23.34% in the past year. This is quite bad
Measured over the past years, CAL shows a decrease in Revenue. The Revenue has been decreasing by -1.40% on average per year.
EPS 1Y (TTM)-46.21%
EPS 3Y-8.47%
EPS 5Y9.39%
EPS Q2Q%-58.82%
Revenue 1Y (TTM)-23.34%
Revenue growth 3Y-0.66%
Revenue growth 5Y-1.4%
Sales Q2Q%-3.63%
3.2 Future
Based on estimates for the next years, CAL will show a small growth in Earnings Per Share. The EPS will grow by 2.08% on average per year.
CAL is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -0.04% yearly.
EPS Next Y-40.34%
EPS Next 2Y-10.49%
EPS Next 3Y-1.64%
EPS Next 5Y2.08%
Revenue Next Year-0.4%
Revenue Next 2Y2.67%
Revenue Next 3Y3.33%
Revenue Next 5Y-0.04%
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 decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 6.13, which indicates a rather cheap valuation of CAL.
Compared to the rest of the industry, the Price/Earnings ratio of CAL indicates a rather cheap valuation: CAL is cheaper than 95.90% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 27.67. CAL is valued rather cheaply when compared to this.
A Price/Forward Earnings ratio of 4.95 indicates a rather cheap valuation of CAL.
Based on the Price/Forward Earnings ratio, CAL is valued cheaper than 99.18% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.13, CAL is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.13 | ||
| Fwd PE | 4.95 |
4.2 Price Multiples
98.36% of the companies in the same industry are more expensive than CAL, based on the Enterprise Value to EBITDA ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 1.68 |
4.3 Compensation for Growth
The decent profitability rating of CAL may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.65
EPS Next 2Y-10.49%
EPS Next 3Y-1.64%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.01%, CAL has a reasonable but not impressive dividend return.
CAL's Dividend Yield is rather good when compared to the industry average which is at 5.56. CAL pays more dividend than 81.15% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.41, CAL has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.01% |
5.2 History
The dividend of CAL has a limited annual growth rate of 0.25%.
CAL has paid a dividend for at least 10 years, which is a reliable track record.
CAL has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)0.25%
Div Incr Years0
Div Non Decr Years26
5.3 Sustainability
16.43% of the earnings are spent on dividend by CAL. This is a low number and sustainable payout ratio.
The dividend of CAL is growing, but earnings are growing more, so the dividend growth is sustainable.
DP16.43%
EPS Next 2Y-10.49%
EPS Next 3Y-1.64%
13.05
-0.6 (-4.4%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustrySpecialty Retail
Earnings (Last)
Earnings (Next)
Inst Owners103.72%
Inst Owner Change1.77%
Ins Owners4.05%
Ins Owner Change4.28%
Market Cap441.61M
Analysts76.67
Price Target19.38 (48.51%)
Short Float %17.12%
Short Ratio7.24
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.01% |
Yearly Dividend0.28
Dividend Growth(5Y)0.25%
DP16.43%
Div Incr Years0
Div Non Decr Years26
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-39.22%
Min EPS beat(2)-40.32%
Max EPS beat(2)-38.12%
EPS beat(4)1
Avg EPS beat(4)-13.8%
Min EPS beat(4)-40.32%
Max EPS beat(4)33.36%
EPS beat(8)2
Avg EPS beat(8)-10.73%
EPS beat(12)5
Avg EPS beat(12)-5.99%
EPS beat(16)9
Avg EPS beat(16)3.8%
Revenue beat(2)0
Avg Revenue beat(2)-1.46%
Min Revenue beat(2)-2.24%
Max Revenue beat(2)-0.68%
Revenue beat(4)0
Avg Revenue beat(4)-2.12%
Min Revenue beat(4)-3.21%
Max Revenue beat(4)-0.68%
Revenue beat(8)0
Avg Revenue beat(8)-2.51%
Revenue beat(12)1
Avg Revenue beat(12)-2.32%
Revenue beat(16)3
Avg Revenue beat(16)-1.16%
PT rev (1m)-2.56%
PT rev (3m)-2.56%
EPS NQ rev (1m)-6.21%
EPS NQ rev (3m)-1.63%
EPS NY rev (1m)-14.77%
EPS NY rev (3m)-14.77%
Revenue NQ rev (1m)5.51%
Revenue NQ rev (3m)5.56%
Revenue NY rev (1m)2.03%
Revenue NY rev (3m)3.41%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.13 | ||
| Fwd PE | 4.95 | ||
| P/S | 0.17 | ||
| P/FCF | N/A | ||
| P/OCF | 14.47 | ||
| P/B | 0.72 | ||
| P/tB | 1.04 | ||
| EV/EBITDA | 1.68 |
EPS(TTM)2.13
EY16.32%
EPS(NY)2.64
Fwd EY20.2%
FCF(TTM)-0.99
FCFYN/A
OCF(TTM)0.9
OCFY6.91%
SpS78.4
BVpS18.12
TBVpS12.6
PEG (NY)N/A
PEG (5Y)0.65
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.69% | ||
| ROE | 9.45% | ||
| ROCE | 8.95% | ||
| ROIC | 5.78% | ||
| ROICexc | 6.61% | ||
| ROICexgc | 7.69% | ||
| OM | 3.84% | ||
| PM (TTM) | 2.19% | ||
| GM | 43.97% | ||
| FCFM | N/A |
ROA(3y)8%
ROA(5y)1.53%
ROE(3y)29.28%
ROE(5y)-18.01%
ROIC(3y)13.19%
ROIC(5y)N/A
ROICexc(3y)13.49%
ROICexc(5y)N/A
ROICexgc(3y)16.41%
ROICexgc(5y)N/A
ROCE(3y)18.87%
ROCE(5y)N/A
ROICexcg growth 3Y-17.97%
ROICexcg growth 5Y7.88%
ROICexc growth 3Y-16.7%
ROICexc growth 5Y11.74%
OM growth 3Y-10.14%
OM growth 5Y6.49%
PM growth 3Y-7.2%
PM growth 5Y12.79%
GM growth 3Y0.52%
GM growth 5Y2.06%
F-Score4
Asset Turnover1.23
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.63 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 2.41 | ||
| Cap/Depr | 107.9% | ||
| Cap/Sales | 2.41% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 18.95% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.08 | ||
| Quick Ratio | 0.4 | ||
| Altman-Z | 1.91 |
F-Score4
WACC9.9%
ROIC/WACC0.58
Cap/Depr(3y)105.11%
Cap/Depr(5y)79.57%
Cap/Sales(3y)1.94%
Cap/Sales(5y)1.55%
Profit Quality(3y)59.52%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-46.21%
EPS 3Y-8.47%
EPS 5Y9.39%
EPS Q2Q%-58.82%
EPS Next Y-40.34%
EPS Next 2Y-10.49%
EPS Next 3Y-1.64%
EPS Next 5Y2.08%
Revenue 1Y (TTM)-23.34%
Revenue growth 3Y-0.66%
Revenue growth 5Y-1.4%
Sales Q2Q%-3.63%
Revenue Next Year-0.4%
Revenue Next 2Y2.67%
Revenue Next 3Y3.33%
Revenue Next 5Y-0.04%
EBIT growth 1Y-55.67%
EBIT growth 3Y-10.74%
EBIT growth 5Y5%
EBIT Next Year-0.46%
EBIT Next 3Y3.94%
EBIT Next 5Y6.27%
FCF growth 1Y-120.44%
FCF growth 3Y-28.44%
FCF growth 5Y-15.2%
OCF growth 1Y-86.37%
OCF growth 3Y-14.69%
OCF growth 5Y-9.35%