CROCS INC (CROX) Stock Fundamental Analysis
NASDAQ:CROX - Nasdaq - US2270461096 - Common Stock - Currency: USD
Overall CROX gets a fundamental rating of 7 out of 10. We evaluated CROX against 48 industry peers in the Textiles, Apparel & Luxury Goods industry. CROX gets an excellent profitability rating and is at the same time showing great financial health properties. CROX is valued quite cheap, while showing a decent growth score. This is a good combination! This makes CROX very considerable for value and quality investing!
1. Profitability
1.1 Basic Checks
CROX had positive earnings in the past year.
CROX had a positive operating cash flow in the past year.
In the past 5 years CROX has always been profitable.
In the past 5 years CROX always reported a positive cash flow from operatings.
1.2 Ratios
CROX's Return On Assets of 18.90% is amongst the best of the industry. CROX outperforms 93.75% of its industry peers.
The Return On Equity of CROX (48.63%) is better than 95.83% of its industry peers.
CROX's Return On Invested Capital of 21.12% is amongst the best of the industry. CROX outperforms 91.67% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for CROX is significantly above the industry average of 11.45%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 18.9% | ||
| ROE | 48.63% | ||
| ROIC | 21.12% |
ROA(3y)16.27%
ROA(5y)24.75%
ROE(3y)57.44%
ROE(5y)1085.36%
ROIC(3y)22.59%
ROIC(5y)29.82%
1.3 Margins
Looking at the Profit Margin, with a value of 23.35%, CROX belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
In the last couple of years the Profit Margin of CROX has grown nicely.
CROX's Operating Margin of 24.84% is amongst the best of the industry. CROX outperforms 97.92% of its industry peers.
CROX's Operating Margin has improved in the last couple of years.
CROX has a better Gross Margin (59.25%) than 75.00% of its industry peers.
CROX's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 24.84% | ||
| PM (TTM) | 23.35% | ||
| GM | 59.25% |
OM growth 3Y-5.12%
OM growth 5Y19.52%
PM growth 3Y-9.62%
PM growth 5Y18.99%
GM growth 3Y-1.45%
GM growth 5Y3.22%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so CROX is creating value.
CROX has less shares outstanding than it did 1 year ago.
CROX has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, CROX has an improved debt to assets ratio.
2.2 Solvency
CROX has an Altman-Z score of 3.75. This indicates that CROX is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.75, CROX is in the better half of the industry, outperforming 68.75% of the companies in the same industry.
CROX has a debt to FCF ratio of 1.68. This is a very positive value and a sign of high solvency as it would only need 1.68 years to pay back of all of its debts.
CROX's Debt to FCF ratio of 1.68 is fine compared to the rest of the industry. CROX outperforms 79.17% of its industry peers.
CROX has a Debt/Equity ratio of 0.75. This is a neutral value indicating CROX is somewhat dependend on debt financing.
CROX's Debt to Equity ratio of 0.75 is on the low side compared to the rest of the industry. CROX is outperformed by 66.67% of its industry peers.
Although CROX does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.75 | ||
| Debt/FCF | 1.68 | ||
| Altman-Z | 3.75 |
ROIC/WACC2.41
WACC8.75%
2.3 Liquidity
A Current Ratio of 1.52 indicates that CROX should not have too much problems paying its short term obligations.
The Current ratio of CROX (1.52) is worse than 75.00% of its industry peers.
A Quick Ratio of 0.97 indicates that CROX may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.97, CROX is doing worse than 62.50% of the companies in the same industry.
The current and quick ratio evaluation for CROX is rather negative, while it does have excellent solvency and profitability. These ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.52 | ||
| Quick Ratio | 0.97 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 5.55% over the past year.
The Earnings Per Share has been growing by 51.64% on average over the past years. This is a very strong growth
Looking at the last year, CROX shows a small growth in Revenue. The Revenue has grown by 2.09% in the last year.
Measured over the past years, CROX shows a very strong growth in Revenue. The Revenue has been growing by 27.23% on average per year.
EPS 1Y (TTM)5.55%
EPS 3Y16.39%
EPS 5Y51.64%
EPS Q2Q%-0.66%
Revenue 1Y (TTM)2.09%
Revenue growth 3Y21.04%
Revenue growth 5Y27.23%
Sales Q2Q%-0.14%
3.2 Future
Based on estimates for the next years, CROX will show a small growth in Earnings Per Share. The EPS will grow by 2.84% on average per year.
Based on estimates for the next years, CROX will show a small growth in Revenue. The Revenue will grow by 2.29% on average per year.
EPS Next Y-1.91%
EPS Next 2Y0.92%
EPS Next 3Y-1.1%
EPS Next 5Y2.84%
Revenue Next Year1.71%
Revenue Next 2Y2.33%
Revenue Next 3Y1.73%
Revenue Next 5Y2.29%
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 decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 8.18, the valuation of CROX can be described as reasonable.
87.50% of the companies in the same industry are more expensive than CROX, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 27.28, CROX is valued rather cheaply.
The Price/Forward Earnings ratio is 8.02, which indicates a very decent valuation of CROX.
87.50% of the companies in the same industry are more expensive than CROX, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of CROX to the average of the S&P500 Index (21.76), we can say CROX is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.18 | ||
| Fwd PE | 8.02 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CROX is valued a bit cheaper than 77.08% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, CROX is valued cheaply inside the industry as 85.42% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.81 | ||
| EV/EBITDA | 6.69 |
4.3 Compensation for Growth
CROX has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.16
EPS Next 2Y0.92%
EPS Next 3Y-1.1%
5. Dividend
5.1 Amount
CROX does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
107.34
+0.6 (+0.56%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryTextiles, Apparel & Luxury Goods
Earnings (Last)
Earnings (Next)
Inst Owners101.51%
Inst Owner Change2.15%
Ins Owners2.49%
Ins Owner Change5.65%
Market Cap6.02B
Analysts81.82
Price Target129.76 (20.89%)
Short Float %11.87%
Short Ratio4.2
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)13.88%
Min EPS beat(2)9.31%
Max EPS beat(2)18.44%
EPS beat(4)4
Avg EPS beat(4)12.98%
Min EPS beat(4)9.31%
Max EPS beat(4)18.44%
EPS beat(8)8
Avg EPS beat(8)14.09%
EPS beat(12)12
Avg EPS beat(12)14.76%
EPS beat(16)16
Avg EPS beat(16)17.35%
Revenue beat(2)2
Avg Revenue beat(2)1.05%
Min Revenue beat(2)0.88%
Max Revenue beat(2)1.22%
Revenue beat(4)2
Avg Revenue beat(4)0.04%
Min Revenue beat(4)-1.11%
Max Revenue beat(4)1.22%
Revenue beat(8)4
Avg Revenue beat(8)0.39%
Revenue beat(12)7
Avg Revenue beat(12)0.52%
Revenue beat(16)10
Avg Revenue beat(16)1.27%
PT rev (1m)4.67%
PT rev (3m)-1.57%
EPS NQ rev (1m)-0.32%
EPS NQ rev (3m)1.43%
EPS NY rev (1m)-1.58%
EPS NY rev (3m)-2.65%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.26%
Revenue NY rev (1m)-0.49%
Revenue NY rev (3m)-0.91%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.18 | ||
| Fwd PE | 8.02 | ||
| P/S | 1.47 | ||
| P/FCF | 6.81 | ||
| P/OCF | 6.32 | ||
| P/B | 3.06 | ||
| P/tB | N/A | ||
| EV/EBITDA | 6.69 |
EPS(TTM)13.13
EY12.23%
EPS(NY)13.39
Fwd EY12.48%
FCF(TTM)15.76
FCFY14.69%
OCF(TTM)16.99
OCFY15.83%
SpS73.14
BVpS35.13
TBVpS-9.18
PEG (NY)N/A
PEG (5Y)0.16
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 18.9% | ||
| ROE | 48.63% | ||
| ROCE | 23.35% | ||
| ROIC | 21.12% | ||
| ROICexc | 21.96% | ||
| ROICexgc | 53.87% | ||
| OM | 24.84% | ||
| PM (TTM) | 23.35% | ||
| GM | 59.25% | ||
| FCFM | 21.55% |
ROA(3y)16.27%
ROA(5y)24.75%
ROE(3y)57.44%
ROE(5y)1085.36%
ROIC(3y)22.59%
ROIC(5y)29.82%
ROICexc(3y)23.62%
ROICexc(5y)33.95%
ROICexgc(3y)69.79%
ROICexgc(5y)62.49%
ROCE(3y)24.97%
ROCE(5y)32.97%
ROICexcg growth 3Y-0.46%
ROICexcg growth 5Y13.47%
ROICexc growth 3Y-28.38%
ROICexc growth 5Y-4.85%
OM growth 3Y-5.12%
OM growth 5Y19.52%
PM growth 3Y-9.62%
PM growth 5Y18.99%
GM growth 3Y-1.45%
GM growth 5Y3.22%
F-Score6
Asset Turnover0.81
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.75 | ||
| Debt/FCF | 1.68 | ||
| Debt/EBITDA | 1.36 | ||
| Cap/Depr | 95.51% | ||
| Cap/Sales | 1.68% | ||
| Interest Coverage | 11.16 | ||
| Cash Conversion | 87.36% | ||
| Profit Quality | 92.29% | ||
| Current Ratio | 1.52 | ||
| Quick Ratio | 0.97 | ||
| Altman-Z | 3.75 |
F-Score6
WACC8.75%
ROIC/WACC2.41
Cap/Depr(3y)1933.24%
Cap/Depr(5y)1225.32%
Cap/Sales(3y)21.71%
Cap/Sales(5y)14.11%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)5.55%
EPS 3Y16.39%
EPS 5Y51.64%
EPS Q2Q%-0.66%
EPS Next Y-1.91%
EPS Next 2Y0.92%
EPS Next 3Y-1.1%
EPS Next 5Y2.84%
Revenue 1Y (TTM)2.09%
Revenue growth 3Y21.04%
Revenue growth 5Y27.23%
Sales Q2Q%-0.14%
Revenue Next Year1.71%
Revenue Next 2Y2.33%
Revenue Next 3Y1.73%
Revenue Next 5Y2.29%
EBIT growth 1Y-4.07%
EBIT growth 3Y14.85%
EBIT growth 5Y52.06%
EBIT Next Year-0.47%
EBIT Next 3Y-3.04%
EBIT Next 5Y3.43%
FCF growth 1Y53.79%
FCF growth 3Y21.77%
FCF growth 5Y76.83%
OCF growth 1Y39.75%
OCF growth 3Y20.5%
OCF growth 5Y61.62%