CALERES INC (CAL) Stock Fundamental Analysis
USA - NYSE:CAL - US1295001044 - Common Stock
12.77 USD
+0.24 (+1.92%)
12.77 USD
0 (0%)
Taking everything into account, CAL scores 5 out of 10 in our fundamental rating. CAL was compared to 119 industry peers in the Specialty Retail industry. CAL has an excellent profitability rating, but there are concerns on its financial health. CAL has a valuation in line with the averages, 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.
In the past year CAL had a positive cash flow from operations.
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 (2.69%) which is comparable to the rest of the industry.
CAL's Return On Equity of 9.45% is fine compared to the rest of the industry. CAL outperforms 67.23% 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 60.50% of the companies in the same industry.
CAL had an Average Return On Invested Capital over the past 3 years of 13.19%. This is in line with the industry average of 12.29%.
The last Return On Invested Capital (5.78%) for CAL is well below the 3 year average (13.19%), which needs to be investigated, but indicates that CAL had better years and this may not be a problem.
| 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
With a decent Profit Margin value of 2.19%, CAL is doing good in the industry, outperforming 61.34% of the companies in the same industry.
In the last couple of years the Profit Margin of CAL has grown nicely.
CAL's Operating Margin of 3.84% is in line compared to the rest of the industry. CAL outperforms 59.66% of its industry peers.
CAL's Operating Margin has improved in the last couple of years.
The Gross Margin of CAL (43.97%) is better than 68.07% of its industry peers.
CAL's Gross Margin has improved in the last couple of years.
| 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.
CAL has less shares outstanding than it did 1 year ago.
CAL has less shares outstanding than it did 5 years ago.
The debt/assets ratio for CAL is higher compared to a year ago.
2.2 Solvency
CAL has an Altman-Z score of 1.89. 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.
CAL has a Altman-Z score (1.89) which is comparable to the rest of the 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 48.74% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.63 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.89 |
ROIC/WACC0.59
WACC9.72%
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.
Looking at the Current ratio, with a value of 1.08, CAL is doing worse than 69.75% of the companies in the same industry.
A Quick Ratio of 0.40 indicates that CAL may have some problems paying its short term obligations.
The Quick ratio of CAL (0.40) is worse than 61.34% of its industry peers.
| 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.
Looking at the last year, CAL shows a very negative growth in Revenue. The Revenue has decreased by -23.34% in the last year.
CAL shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -1.40% yearly.
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
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-40.34%
EPS Next 2Y-10.49%
EPS Next 3Y-1.64%
EPS Next 5Y2.08%
Revenue Next Year-0.11%
Revenue Next 2Y2.83%
Revenue Next 3Y3.33%
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
Based on the Price/Earnings ratio of 6.00, the valuation of CAL can be described as very cheap.
Based on the Price/Earnings ratio, CAL is valued cheaply inside the industry as 95.80% of the companies are valued more expensively.
CAL is valuated cheaply when we compare the Price/Earnings ratio to 27.77, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 4.84, the valuation of CAL can be described as very cheap.
CAL's Price/Forward Earnings ratio is rather cheap when compared to the industry. CAL is cheaper than 99.16% of the companies in the same industry.
CAL is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.23, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6 | ||
| Fwd PE | 4.84 |
4.2 Price Multiples
CAL's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. CAL is cheaper than 97.48% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 1.49 |
4.3 Compensation for Growth
The decent profitability rating of CAL may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.64
EPS Next 2Y-10.49%
EPS Next 3Y-1.64%
5. Dividend
5.1 Amount
CAL has a Yearly Dividend Yield of 2.21%.
CAL's Dividend Yield is rather good when compared to the industry average which is at 5.51. CAL pays more dividend than 84.03% of the companies in the same industry.
CAL's Dividend Yield is comparable with the S&P500 average which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.21% |
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 16.43% 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.
DP16.43%
EPS Next 2Y-10.49%
EPS Next 3Y-1.64%
12.77
+0.24 (+1.92%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustrySpecialty Retail
Earnings (Last)
Earnings (Next)
Inst Owners103.72%
Inst Owner Change0.01%
Ins Owners4.05%
Ins Owner Change4.36%
Market Cap432.14M
Analysts76.67
Price Target19.38 (51.76%)
Short Float %17.65%
Short Ratio7.12
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.21% |
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)0%
PT rev (3m)-2.56%
EPS NQ rev (1m)-22.89%
EPS NQ rev (3m)-29.48%
EPS NY rev (1m)-14.77%
EPS NY rev (3m)-14.77%
Revenue NQ rev (1m)0.52%
Revenue NQ rev (3m)5.44%
Revenue NY rev (1m)0.29%
Revenue NY rev (3m)3.71%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6 | ||
| Fwd PE | 4.84 | ||
| P/S | 0.16 | ||
| P/FCF | N/A | ||
| P/OCF | 14.16 | ||
| P/B | 0.7 | ||
| P/tB | 1.01 | ||
| EV/EBITDA | 1.49 |
EPS(TTM)2.13
EY16.68%
EPS(NY)2.64
Fwd EY20.64%
FCF(TTM)-0.99
FCFYN/A
OCF(TTM)0.9
OCFY7.06%
SpS78.4
BVpS18.12
TBVpS12.6
PEG (NY)N/A
PEG (5Y)0.64
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 | 1.89 |
F-Score4
WACC9.72%
ROIC/WACC0.59
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-0.11%
Revenue Next 2Y2.83%
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%