CALERES INC (CAL) Stock Fundamental Analysis
NYSE:CAL - New York Stock Exchange, Inc. - US1295001044 - Common Stock - Currency: USD
CAL gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 120 industry peers in the Specialty Retail industry. While CAL has a great profitability rating, there are some minor concerns on its financial health. CAL is valued quite cheap, but it does not seem to be growing. Finally CAL also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
CAL had positive earnings in the past year.
In the past year CAL had a positive cash flow from operations.
Of the past 5 years CAL 4 years were profitable.
Each year in the past 5 years CAL had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 7.04%, CAL is in the better half of the industry, outperforming 75.83% of the companies in the same industry.
CAL has a better Return On Equity (22.27%) than 78.33% of its industry peers.
CAL has a Return On Invested Capital of 12.91%. This is amongst the best in the industry. CAL outperforms 80.83% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for CAL is in line with the industry average of 13.31%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.04% | ||
| ROE | 22.27% | ||
| ROIC | 12.91% |
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's Profit Margin of 3.95% is fine compared to the rest of the industry. CAL outperforms 72.50% of its industry peers.
CAL's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 5.98%, CAL is in the better half of the industry, outperforming 72.50% of the companies in the same industry.
CAL's Operating Margin has improved in the last couple of years.
CAL's Gross Margin of 45.27% is fine compared to the rest of the industry. CAL outperforms 70.83% of its industry peers.
CAL's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 5.98% | ||
| PM (TTM) | 3.95% | ||
| GM | 45.27% |
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
CAL has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, CAL has less shares outstanding
The number of shares outstanding for CAL has been reduced compared to 5 years ago.
CAL has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.74 indicates that CAL is not a great score, but indicates only limited risk for bankruptcy at the moment.
CAL's Altman-Z score of 2.74 is fine compared to the rest of the industry. CAL outperforms 62.50% of its industry peers.
The Debt to FCF ratio of CAL is 4.15, which is a neutral value as it means it would take CAL, 4.15 years of fcf income to pay off all of its debts.
CAL has a Debt to FCF ratio of 4.15. This is in the better half of the industry: CAL outperforms 67.50% of its industry peers.
A Debt/Equity ratio of 0.37 indicates that CAL is not too dependend on debt financing.
CAL has a Debt to Equity ratio of 0.37. This is comparable to the rest of the industry: CAL outperforms 53.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.37 | ||
| Debt/FCF | 4.15 | ||
| Altman-Z | 2.74 |
ROIC/WACC1.32
WACC9.79%
2.3 Liquidity
CAL has a Current Ratio of 1.10. This is a normal value and indicates that CAL is financially healthy and should not expect problems in meeting its short term obligations.
CAL's Current ratio of 1.10 is on the low side compared to the rest of the industry. CAL is outperformed by 66.67% of its industry peers.
CAL has a Quick Ratio of 1.10. This is a bad value and indicates that CAL is not financially healthy enough and could expect problems in meeting its short term obligations.
CAL has a Quick ratio of 0.36. This is in the lower half of the industry: CAL underperforms 65.83% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.1 | ||
| Quick Ratio | 0.36 |
3. Growth
3.1 Past
The earnings per share for CAL have decreased strongly by -35.70% in the last year.
Measured over the past years, CAL shows a quite strong growth in Earnings Per Share. The EPS has been growing by 9.39% on average per year.
The Revenue has grown by 18.59% in the past year. This is quite good.
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)-35.7%
EPS 3Y-8.47%
EPS 5Y9.39%
EPS Q2Q%-75%
Revenue 1Y (TTM)18.59%
Revenue growth 3Y-0.66%
Revenue growth 5Y-1.4%
Sales Q2Q%-6.82%
3.2 Future
The Earnings Per Share is expected to grow by 2.08% on average over the next years.
CAL is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -0.04% yearly.
EPS Next Y-6.67%
EPS Next 2Y3.06%
EPS Next 3Y-2.49%
EPS Next 5Y2.08%
Revenue Next Year-2.16%
Revenue Next 2Y0.36%
Revenue Next 3Y-0.18%
Revenue Next 5Y-0.04%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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
A Price/Earnings ratio of 5.45 indicates a rather cheap valuation of CAL.
Based on the Price/Earnings ratio, CAL is valued cheaper than 95.83% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.59. CAL is valued rather cheaply when compared to this.
CAL is valuated cheaply with a Price/Forward Earnings ratio of 4.10.
Based on the Price/Forward Earnings ratio, CAL is valued cheaply inside the industry as 96.67% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.39, CAL is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.45 | ||
| Fwd PE | 4.1 |
4.2 Price Multiples
98.33% of the companies in the same industry are more expensive than CAL, based on the Enterprise Value to EBITDA ratio.
CAL's Price/Free Cash Flow ratio is rather cheap when compared to the industry. CAL is cheaper than 82.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.24 | ||
| EV/EBITDA | 1.77 |
4.3 Compensation for Growth
CAL has a very decent profitability rating, which may justify a higher PE ratio.
CAL's earnings are expected to decrease with -2.49% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.58
EPS Next 2Y3.06%
EPS Next 3Y-2.49%
5. Dividend
5.1 Amount
CAL has a Yearly Dividend Yield of 2.13%.
CAL's Dividend Yield is rather good when compared to the industry average which is at 5.18. CAL pays more dividend than 83.33% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.39, CAL has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.13% |
5.2 History
The dividend of CAL has a limited annual growth rate of 0.25%.
CAL has been paying a dividend for at least 10 years, so it has 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
CAL pays out 7.27% of its income as dividend. This is a sustainable payout ratio.
The dividend of CAL is growing, but earnings are growing more, so the dividend growth is sustainable.
DP7.27%
EPS Next 2Y3.06%
EPS Next 3Y-2.49%
14.33
+0.03 (+0.21%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustrySpecialty Retail
Earnings (Last)
Earnings (Next)
Inst Owners95.96%
Inst Owner Change10.04%
Ins Owners3.61%
Ins Owner Change9.57%
Market Cap488.51M
Analysts74.29
Price Target18.7 (30.5%)
Short Float %17.47%
Short Ratio4.92
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.13% |
Yearly Dividend0.28
Dividend Growth(5Y)0.25%
DP7.27%
Div Incr Years0
Div Non Decr Years26
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)11.62%
Min EPS beat(2)-10.12%
Max EPS beat(2)33.36%
EPS beat(4)1
Avg EPS beat(4)-3.01%
Min EPS beat(4)-31.02%
Max EPS beat(4)33.36%
EPS beat(8)4
Avg EPS beat(8)0.66%
EPS beat(12)7
Avg EPS beat(12)5.61%
EPS beat(16)11
Avg EPS beat(16)133.73%
Revenue beat(2)0
Avg Revenue beat(2)-2.78%
Min Revenue beat(2)-3.21%
Max Revenue beat(2)-2.36%
Revenue beat(4)0
Avg Revenue beat(4)-3.5%
Min Revenue beat(4)-6.53%
Max Revenue beat(4)-1.92%
Revenue beat(8)0
Avg Revenue beat(8)-3.21%
Revenue beat(12)2
Avg Revenue beat(12)-1.5%
Revenue beat(16)5
Avg Revenue beat(16)-0.06%
PT rev (1m)-12.7%
PT rev (3m)-21.43%
EPS NQ rev (1m)-1.35%
EPS NQ rev (3m)-60.27%
EPS NY rev (1m)0%
EPS NY rev (3m)-18.35%
Revenue NQ rev (1m)-0.14%
Revenue NQ rev (3m)-5.81%
Revenue NY rev (1m)-1.27%
Revenue NY rev (3m)-3.66%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.45 | ||
| Fwd PE | 4.1 | ||
| P/S | 0.14 | ||
| P/FCF | 9.24 | ||
| P/OCF | 4.67 | ||
| P/B | 0.82 | ||
| P/tB | 1.24 | ||
| EV/EBITDA | 1.77 |
EPS(TTM)2.63
EY18.35%
EPS(NY)3.49
Fwd EY24.39%
FCF(TTM)1.55
FCFY10.82%
OCF(TTM)3.07
OCFY21.4%
SpS99.2
BVpS17.57
TBVpS11.53
PEG (NY)N/A
PEG (5Y)0.58
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.04% | ||
| ROE | 22.27% | ||
| ROCE | 17.78% | ||
| ROIC | 12.91% | ||
| ROICexc | 13.2% | ||
| ROICexgc | 15.62% | ||
| OM | 5.98% | ||
| PM (TTM) | 3.95% | ||
| GM | 45.27% | ||
| FCFM | 1.56% |
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-Score7
Asset Turnover1.78
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.37 | ||
| Debt/FCF | 4.15 | ||
| Debt/EBITDA | 0.85 | ||
| Cap/Depr | 91.6% | ||
| Cap/Sales | 1.53% | ||
| Interest Coverage | 15.55 | ||
| Cash Conversion | 40.44% | ||
| Profit Quality | 39.63% | ||
| Current Ratio | 1.1 | ||
| Quick Ratio | 0.36 | ||
| Altman-Z | 2.74 |
F-Score7
WACC9.79%
ROIC/WACC1.32
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)-35.7%
EPS 3Y-8.47%
EPS 5Y9.39%
EPS Q2Q%-75%
EPS Next Y-6.67%
EPS Next 2Y3.06%
EPS Next 3Y-2.49%
EPS Next 5Y2.08%
Revenue 1Y (TTM)18.59%
Revenue growth 3Y-0.66%
Revenue growth 5Y-1.4%
Sales Q2Q%-6.82%
Revenue Next Year-2.16%
Revenue Next 2Y0.36%
Revenue Next 3Y-0.18%
Revenue Next 5Y-0.04%
EBIT growth 1Y0.31%
EBIT growth 3Y-10.74%
EBIT growth 5Y5%
EBIT Next Year35.93%
EBIT Next 3Y3.94%
EBIT Next 5Y6.27%
FCF growth 1Y-64.87%
FCF growth 3Y-28.44%
FCF growth 5Y-15.2%
OCF growth 1Y-47.76%
OCF growth 3Y-14.69%
OCF growth 5Y-9.35%