CALERES INC (CAL) Stock Fundamental Analysis
NYSE:CAL - New York Stock Exchange, Inc. - US1295001044 - Common Stock - Currency: USD
Overall CAL gets a fundamental rating of 5 out of 10. We evaluated CAL against 121 industry peers in the Specialty Retail industry. CAL has an excellent profitability rating, but there are some minor concerns on its financial health. CAL is cheap, but on the other hand it scores bad on growth. CAL also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year CAL was profitable.
CAL had a positive operating cash flow in the past year.
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
CAL has a better Return On Assets (5.77%) than 71.90% of its industry peers.
CAL's Return On Equity of 18.20% is fine compared to the rest of the industry. CAL outperforms 76.86% of its industry peers.
Looking at the Return On Invested Capital, with a value of 10.64%, CAL is in the better half of the industry, outperforming 74.38% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for CAL is in line with the industry average of 13.07%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.77% | ||
| ROE | 18.2% | ||
| ROIC | 10.64% |
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
Looking at the Profit Margin, with a value of 3.30%, CAL is in the better half of the industry, outperforming 71.07% of the companies in the same industry.
In the last couple of years the Profit Margin of CAL has grown nicely.
With a decent Operating Margin value of 5.14%, CAL is doing good in the industry, outperforming 69.42% of the companies in the same industry.
In the last couple of years the Operating Margin of CAL has grown nicely.
CAL has a better Gross Margin (44.97%) than 70.25% of its industry peers.
CAL's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 5.14% | ||
| PM (TTM) | 3.3% | ||
| GM | 44.97% |
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
CAL has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
CAL has less shares outstanding than it did 1 year ago.
CAL has less shares outstanding than it did 5 years ago.
CAL has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.64 indicates that CAL is not a great score, but indicates only limited risk for bankruptcy at the moment.
CAL's Altman-Z score of 2.64 is fine compared to the rest of the industry. CAL outperforms 60.33% of its industry peers.
The Debt to FCF ratio of CAL is 3541.10, which is on the high side as it means it would take CAL, 3541.10 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of CAL (3541.10) is comparable to the rest of the industry.
A Debt/Equity ratio of 0.43 indicates that CAL is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.43, CAL is in line with its industry, outperforming 52.89% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.43 | ||
| Debt/FCF | 3541.1 | ||
| Altman-Z | 2.64 |
ROIC/WACC1.1
WACC9.63%
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 has a Current ratio of 1.10. This is in the lower half of the industry: CAL underperforms 66.94% of its industry peers.
A Quick Ratio of 0.35 indicates that CAL may have some problems paying its short term obligations.
The Quick ratio of CAL (0.35) is worse than 63.64% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.1 | ||
| Quick Ratio | 0.35 |
3. Growth
3.1 Past
The earnings per share for CAL have decreased strongly by -35.70% in the last year.
The Earnings Per Share has been growing by 9.39% on average over the past years. This is quite good.
Looking at the last year, CAL shows a quite strong growth in Revenue. The Revenue has grown by 18.59% in the last year.
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.
The Revenue is expected to decrease by -0.04% on average over the next years.
EPS Next Y-30.01%
EPS Next 2Y-6.13%
EPS Next 3Y0.03%
EPS Next 5Y2.08%
Revenue Next Year-3.68%
Revenue Next 2Y-0.16%
Revenue Next 3Y0.99%
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.
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
Based on the Price/Earnings ratio of 5.33, the valuation of CAL can be described as very cheap.
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 27.45, CAL is valued rather cheaply.
The Price/Forward Earnings ratio is 4.84, which indicates a rather cheap valuation of CAL.
CAL's Price/Forward Earnings ratio is rather cheap when compared to the industry. CAL is cheaper than 95.04% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 21.90. CAL is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.33 | ||
| Fwd PE | 4.84 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CAL is valued cheaper than 98.35% of the companies in the same industry.
The rest of the industry has a similar Price/Free Cash Flow ratio as CAL.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6551.82 | ||
| EV/EBITDA | 1.94 |
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)0.57
EPS Next 2Y-6.13%
EPS Next 3Y0.03%
5. Dividend
5.1 Amount
CAL has a Yearly Dividend Yield of 2.26%.
Compared to an average industry Dividend Yield of 5.27, CAL pays a better dividend. On top of this CAL pays more dividend than 83.47% of the companies listed in the same industry.
CAL's Dividend Yield is comparable with the S&P500 average which is at 2.42.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.26% |
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 its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)0.25%
Div Incr Years0
Div Non Decr Years26
5.3 Sustainability
CAL pays out 8.73% 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.
DP8.73%
EPS Next 2Y-6.13%
EPS Next 3Y0.03%
14.03
+0.15 (+1.08%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustrySpecialty Retail
Earnings (Last)
Earnings (Next)
Inst Owners100.43%
Inst Owner Change10.04%
Ins Owners4.13%
Ins Owner Change10.14%
Market Cap478.28M
Analysts74.29
Price Target19.89 (41.77%)
Short Float %17.12%
Short Ratio5.51
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.26% |
Yearly Dividend0.28
Dividend Growth(5Y)0.25%
DP8.73%
Div Incr Years0
Div Non Decr Years26
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-3.48%
Min EPS beat(2)-40.32%
Max EPS beat(2)33.36%
EPS beat(4)1
Avg EPS beat(4)-12.03%
Min EPS beat(4)-40.32%
Max EPS beat(4)33.36%
EPS beat(8)3
Avg EPS beat(8)-4.72%
EPS beat(12)6
Avg EPS beat(12)-2.54%
EPS beat(16)10
Avg EPS beat(16)13.7%
Revenue beat(2)0
Avg Revenue beat(2)-2.72%
Min Revenue beat(2)-3.21%
Max Revenue beat(2)-2.24%
Revenue beat(4)0
Avg Revenue beat(4)-3.58%
Min Revenue beat(4)-6.53%
Max Revenue beat(4)-2.24%
Revenue beat(8)0
Avg Revenue beat(8)-2.71%
Revenue beat(12)1
Avg Revenue beat(12)-2.31%
Revenue beat(16)4
Avg Revenue beat(16)-0.84%
PT rev (1m)-7.14%
PT rev (3m)-11.36%
EPS NQ rev (1m)-37.61%
EPS NQ rev (3m)-35.01%
EPS NY rev (1m)-25%
EPS NY rev (3m)-29.64%
Revenue NQ rev (1m)-4.33%
Revenue NQ rev (3m)-4.05%
Revenue NY rev (1m)-2.8%
Revenue NY rev (3m)-5.15%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.33 | ||
| Fwd PE | 4.84 | ||
| P/S | 0.14 | ||
| P/FCF | 6551.82 | ||
| P/OCF | 7.6 | ||
| P/B | 0.79 | ||
| P/tB | 1.15 | ||
| EV/EBITDA | 1.94 |
EPS(TTM)2.63
EY18.75%
EPS(NY)2.9
Fwd EY20.66%
FCF(TTM)0
FCFY0.02%
OCF(TTM)1.85
OCFY13.15%
SpS97.89
BVpS17.75
TBVpS12.19
PEG (NY)N/A
PEG (5Y)0.57
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.77% | ||
| ROE | 18.2% | ||
| ROCE | 15.07% | ||
| ROIC | 10.64% | ||
| ROICexc | 10.89% | ||
| ROICexgc | 12.65% | ||
| OM | 5.14% | ||
| PM (TTM) | 3.3% | ||
| GM | 44.97% | ||
| FCFM | 0% |
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-Score6
Asset Turnover1.75
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.43 | ||
| Debt/FCF | 3541.1 | ||
| Debt/EBITDA | 1.13 | ||
| Cap/Depr | 108.86% | ||
| Cap/Sales | 1.88% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 27.46% | ||
| Profit Quality | 0.07% | ||
| Current Ratio | 1.1 | ||
| Quick Ratio | 0.35 | ||
| Altman-Z | 2.64 |
F-Score6
WACC9.63%
ROIC/WACC1.1
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-30.01%
EPS Next 2Y-6.13%
EPS Next 3Y0.03%
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-3.68%
Revenue Next 2Y-0.16%
Revenue Next 3Y0.99%
Revenue Next 5Y-0.04%
EBIT growth 1Y-12.19%
EBIT growth 3Y-10.74%
EBIT growth 5Y5%
EBIT Next Year35.93%
EBIT Next 3Y3.94%
EBIT Next 5Y6.27%
FCF growth 1Y-99.91%
FCF growth 3Y-28.44%
FCF growth 5Y-15.2%
OCF growth 1Y-56.22%
OCF growth 3Y-14.69%
OCF growth 5Y-9.35%