CALERES INC (CAL) Stock Fundamental Analysis
NYSE:CAL - New York Stock Exchange, Inc. - US1295001044 - Common Stock - Currency: USD
We assign a fundamental rating of 5 out of 10 to CAL. CAL was compared to 121 industry peers in the Specialty Retail industry. CAL scores excellent on profitability, but there are some minor concerns on its financial health. CAL is valued quite cheap, while showing a decent growth score. This is a good combination!
1. Profitability
1.1 Basic Checks
In the past year CAL was profitable.
CAL had a positive operating cash flow in the past year.
CAL had positive earnings in 4 of the past 5 years.
CAL had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 7.03%, CAL is in the better half of the industry, outperforming 76.86% of the companies in the same industry.
CAL's Return On Equity of 22.23% is fine compared to the rest of the industry. CAL outperforms 79.34% of its industry peers.
With an excellent Return On Invested Capital value of 12.90%, CAL belongs to the best of the industry, outperforming 80.99% 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 12.74%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.03% | ||
| ROE | 22.23% | ||
| ROIC | 12.9% |
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 3.94%. This is in the better half of the industry: CAL outperforms 72.73% of its industry peers.
CAL's Profit Margin has improved in the last couple of years.
With a decent Operating Margin value of 5.97%, CAL is doing good in the industry, outperforming 71.90% of the companies in the same industry.
CAL's Operating Margin has improved in the last couple of years.
With a decent Gross Margin value of 45.27%, CAL is doing good in the industry, outperforming 69.42% 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 | 5.97% | ||
| PM (TTM) | 3.94% | ||
| 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
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.
The debt/assets ratio for CAL is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 2.79 indicates that CAL is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of CAL (2.79) is better than 61.98% 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 better Debt to FCF ratio (4.15) than 66.12% of its industry peers.
A Debt/Equity ratio of 0.37 indicates that CAL is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.37, CAL is in line with its industry, outperforming 52.07% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.37 | ||
| Debt/FCF | 4.15 | ||
| Altman-Z | 2.79 |
ROIC/WACC1.3
WACC9.9%
2.3 Liquidity
A Current Ratio of 1.10 indicates that CAL should not have too much problems paying its short term obligations.
The Current ratio of CAL (1.10) is worse than 70.25% of its industry peers.
A Quick Ratio of 0.36 indicates that CAL may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.36, CAL is doing worse than 69.42% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.1 | ||
| Quick Ratio | 0.36 |
3. Growth
3.1 Past
CAL shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -21.29%.
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 has grown by 20.04% in the past year. This is a very strong growth!
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)-21.29%
EPS 3Y-8.47%
EPS 5Y9.39%
EPS Q2Q%-61.63%
Revenue 1Y (TTM)20.04%
Revenue growth 3Y-0.66%
Revenue growth 5Y-1.4%
Sales Q2Q%-8.31%
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 1.91% on average per year.
The Revenue is expected to grow by 1.22% on average over the next years.
EPS Next Y-6.67%
EPS Next 2Y3.06%
EPS Next 3Y4.71%
EPS Next 5Y1.91%
Revenue Next Year-0.9%
Revenue Next 2Y1.09%
Revenue Next 3Y1.29%
Revenue Next 5Y1.22%
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
CAL is valuated cheaply with a Price/Earnings ratio of 5.05.
Based on the Price/Earnings ratio, CAL is valued cheaply inside the industry as 97.52% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 26.60, CAL is valued rather cheaply.
A Price/Forward Earnings ratio of 5.42 indicates a rather cheap valuation of CAL.
Based on the Price/Forward Earnings ratio, CAL is valued cheaply inside the industry as 95.87% of the companies are valued more expensively.
CAL's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.43.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.05 | ||
| Fwd PE | 5.42 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CAL is valued cheaper than 97.52% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, CAL is valued a bit cheaper than 77.69% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.72 | ||
| EV/EBITDA | 2.17 |
4.3 Compensation for Growth
CAL has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.54
EPS Next 2Y3.06%
EPS Next 3Y4.71%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.60%, CAL has a reasonable but not impressive dividend return.
CAL's Dividend Yield is a higher than the industry average which is at 5.10.
Compared to the average S&P500 Dividend Yield of 2.36, CAL is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.6% |
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 Years25
5.3 Sustainability
CAL pays out 7.28% of its income as dividend. This is a sustainable payout ratio.
CAL's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP7.28%
EPS Next 2Y3.06%
EPS Next 3Y4.71%
NYSE:CAL (5/21/2025, 12:48:05 PM)
16.63
-0.65 (-3.76%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustrySpecialty Retail
Earnings (Last)
Earnings (Next)
Inst Owners95.96%
Inst Owner Change10.03%
Ins Owners3.61%
Ins Owner Change7.72%
Market Cap566.92M
Analysts74.29
Price Target21.42 (28.8%)
Short Float %16.59%
Short Ratio5.05
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.6% |
Yearly Dividend0.28
Dividend Growth(5Y)0.25%
DP7.28%
Div Incr Years0
Div Non Decr Years25
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)-1.56%
PT rev (3m)-24.1%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-61.18%
EPS NY rev (1m)0%
EPS NY rev (3m)-18.35%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-6.7%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-3.14%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.05 | ||
| Fwd PE | 5.42 | ||
| P/S | 0.17 | ||
| P/FCF | 10.72 | ||
| P/OCF | 5.42 | ||
| P/B | 0.95 | ||
| P/tB | 1.44 | ||
| EV/EBITDA | 2.17 |
EPS(TTM)3.29
EY19.78%
EPS(NY)3.07
Fwd EY18.46%
FCF(TTM)1.55
FCFY9.33%
OCF(TTM)3.07
OCFY18.44%
SpS99.2
BVpS17.57
TBVpS11.53
PEG (NY)N/A
PEG (5Y)0.54
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.03% | ||
| ROE | 22.23% | ||
| ROCE | 17.76% | ||
| ROIC | 12.9% | ||
| ROICexc | 13.18% | ||
| ROICexgc | 15.61% | ||
| OM | 5.97% | ||
| PM (TTM) | 3.94% | ||
| 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 | 15.53 | ||
| Cash Conversion | 40.48% | ||
| Profit Quality | 39.71% | ||
| Current Ratio | 1.1 | ||
| Quick Ratio | 0.36 | ||
| Altman-Z | 2.79 |
F-Score7
WACC9.9%
ROIC/WACC1.3
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)-21.29%
EPS 3Y-8.47%
EPS 5Y9.39%
EPS Q2Q%-61.63%
EPS Next Y-6.67%
EPS Next 2Y3.06%
EPS Next 3Y4.71%
EPS Next 5Y1.91%
Revenue 1Y (TTM)20.04%
Revenue growth 3Y-0.66%
Revenue growth 5Y-1.4%
Sales Q2Q%-8.31%
Revenue Next Year-0.9%
Revenue Next 2Y1.09%
Revenue Next 3Y1.29%
Revenue Next 5Y1.22%
EBIT growth 1Y0.32%
EBIT growth 3Y-10.74%
EBIT growth 5Y5%
EBIT Next Year31.28%
EBIT Next 3Y8.62%
EBIT Next 5Y6.72%
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%