ROCKY BRANDS INC (RCKY) Stock Fundamental Analysis
USA - NASDAQ:RCKY - US7745151008 - Common Stock
26.58 USD
-1.36 (-4.87%)
26.58 USD
0 (0%)
RCKY gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 48 industry peers in the Textiles, Apparel & Luxury Goods industry. RCKY has only an average score on both its financial health and profitability. A decent growth rate in combination with a cheap valuation! Better keep an eye on RCKY. RCKY also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
RCKY had positive earnings in the past year.
RCKY had a positive operating cash flow in the past year.
In the past 5 years RCKY has always been profitable.
Of the past 5 years RCKY 4 years had a positive operating cash flow.
1.2 Ratios
RCKY has a Return On Assets (3.96%) which is in line with its industry peers.
Looking at the Return On Equity, with a value of 7.79%, RCKY is in line with its industry, outperforming 47.92% of the companies in the same industry.
RCKY has a Return On Invested Capital of 7.89%. This is comparable to the rest of the industry: RCKY outperforms 56.25% of its industry peers.
The Average Return On Invested Capital over the past 3 years for RCKY is below the industry average of 12.15%.
The 3 year average ROIC (7.55%) for RCKY is below the current ROIC(7.89%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.96% | ||
| ROE | 7.79% | ||
| ROIC | 7.89% |
ROA(3y)2.73%
ROA(5y)4.13%
ROE(3y)6.36%
ROE(5y)8.24%
ROIC(3y)7.55%
ROIC(5y)7.91%
1.3 Margins
Looking at the Profit Margin, with a value of 4.03%, RCKY is in the better half of the industry, outperforming 62.50% of the companies in the same industry.
RCKY's Profit Margin has declined in the last couple of years.
RCKY has a Operating Margin of 8.30%. This is in the better half of the industry: RCKY outperforms 66.67% of its industry peers.
In the last couple of years the Operating Margin of RCKY has remained more or less at the same level.
With a Gross Margin value of 40.47%, RCKY is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
In the last couple of years the Gross Margin of RCKY has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.3% | ||
| PM (TTM) | 4.03% | ||
| GM | 40.47% |
OM growth 3Y3.35%
OM growth 5Y-1.11%
PM growth 3Y-14.44%
PM growth 5Y-17.26%
GM growth 3Y1.41%
GM growth 5Y1.77%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so RCKY is destroying value.
The number of shares outstanding for RCKY has been increased compared to 1 year ago.
RCKY has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, RCKY has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.70 indicates that RCKY is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of RCKY (2.70) is comparable to the rest of the industry.
RCKY has a debt to FCF ratio of 5.43. This is a neutral value as RCKY would need 5.43 years to pay back of all of its debts.
RCKY has a Debt to FCF ratio (5.43) which is in line with its industry peers.
RCKY has a Debt/Equity ratio of 0.52. This is a neutral value indicating RCKY is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.52, RCKY perfoms like the industry average, outperforming 43.75% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.52 | ||
| Debt/FCF | 5.43 | ||
| Altman-Z | 2.7 |
ROIC/WACC0.7
WACC11.32%
2.3 Liquidity
A Current Ratio of 2.76 indicates that RCKY has no problem at all paying its short term obligations.
RCKY has a Current ratio of 2.76. This is amongst the best in the industry. RCKY outperforms 81.25% of its industry peers.
A Quick Ratio of 0.79 indicates that RCKY may have some problems paying its short term obligations.
The Quick ratio of RCKY (0.79) is worse than 75.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.76 | ||
| Quick Ratio | 0.79 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 22.26% over the past year.
RCKY shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 2.36% yearly.
RCKY shows a decrease in Revenue. In the last year, the revenue decreased by -0.08%.
The Revenue has been growing by 10.91% on average over the past years. This is quite good.
EPS 1Y (TTM)22.26%
EPS 3Y-16.61%
EPS 5Y2.36%
EPS Q2Q%223.53%
Revenue 1Y (TTM)-0.08%
Revenue growth 3Y-4.08%
Revenue growth 5Y10.91%
Sales Q2Q%7.52%
3.2 Future
RCKY is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 8.84% yearly.
RCKY is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.74% yearly.
EPS Next Y11.84%
EPS Next 2Y8.84%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year5.53%
Revenue Next 2Y4.74%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 8.20, the valuation of RCKY can be described as very reasonable.
Compared to the rest of the industry, the Price/Earnings ratio of RCKY indicates a rather cheap valuation: RCKY is cheaper than 85.42% of the companies listed in the same industry.
RCKY is valuated cheaply when we compare the Price/Earnings ratio to 27.02, which is the current average of the S&P500 Index.
RCKY is valuated reasonably with a Price/Forward Earnings ratio of 8.83.
Based on the Price/Forward Earnings ratio, RCKY is valued cheaply inside the industry as 89.58% of the companies are valued more expensively.
RCKY is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.57, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.2 | ||
| Fwd PE | 8.83 |
4.2 Price Multiples
RCKY's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. RCKY is cheaper than 64.58% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, RCKY is valued cheaply inside the industry as 85.42% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.14 | ||
| EV/EBITDA | 7.01 |
4.3 Compensation for Growth
RCKY's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.69
PEG (5Y)3.47
EPS Next 2Y8.84%
EPS Next 3YN/A
5. Dividend
5.1 Amount
RCKY has a Yearly Dividend Yield of 2.03%. Purely for dividend investing, there may be better candidates out there.
RCKY's Dividend Yield is a higher than the industry average which is at 3.18.
RCKY's Dividend Yield is comparable with the S&P500 average which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.03% |
5.2 History
The dividend of RCKY has a limited annual growth rate of 2.84%.
RCKY has been paying a dividend for at least 10 years, so it has a reliable track record.
RCKY has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)2.84%
Div Incr Years0
Div Non Decr Years11
5.3 Sustainability
24.81% of the earnings are spent on dividend by RCKY. This is a low number and sustainable payout ratio.
RCKY's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP24.81%
EPS Next 2Y8.84%
EPS Next 3YN/A
26.58
-1.36 (-4.87%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryTextiles, Apparel & Luxury Goods
Earnings (Last)
Earnings (Next)
Inst Owners73.22%
Inst Owner Change0%
Ins Owners3.64%
Ins Owner Change1.33%
Market Cap198.55M
Analysts82.5
Price Target40.8 (53.5%)
Short Float %1.34%
Short Ratio1.59
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.03% |
Yearly Dividend0.62
Dividend Growth(5Y)2.84%
DP24.81%
Div Incr Years0
Div Non Decr Years11
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)78.86%
Min EPS beat(2)37.63%
Max EPS beat(2)120.09%
EPS beat(4)2
Avg EPS beat(4)32.6%
Min EPS beat(4)-23.36%
Max EPS beat(4)120.09%
EPS beat(8)5
Avg EPS beat(8)275.04%
EPS beat(12)8
Avg EPS beat(12)176.46%
EPS beat(16)10
Avg EPS beat(16)129.8%
Revenue beat(2)1
Avg Revenue beat(2)0.14%
Min Revenue beat(2)-0.72%
Max Revenue beat(2)1%
Revenue beat(4)2
Avg Revenue beat(4)-1.62%
Min Revenue beat(4)-6.84%
Max Revenue beat(4)1%
Revenue beat(8)4
Avg Revenue beat(8)-0.44%
Revenue beat(12)6
Avg Revenue beat(12)-1.23%
Revenue beat(16)9
Avg Revenue beat(16)-0.18%
PT rev (1m)33.33%
PT rev (3m)100%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-6.74%
EPS NY rev (1m)0%
EPS NY rev (3m)11.85%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.21%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.33%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.2 | ||
| Fwd PE | 8.83 | ||
| P/S | 0.43 | ||
| P/FCF | 8.14 | ||
| P/OCF | 6.45 | ||
| P/B | 0.83 | ||
| P/tB | 2.29 | ||
| EV/EBITDA | 7.01 |
EPS(TTM)3.24
EY12.19%
EPS(NY)3.01
Fwd EY11.32%
FCF(TTM)3.27
FCFY12.29%
OCF(TTM)4.12
OCFY15.52%
SpS61.89
BVpS32
TBVpS11.62
PEG (NY)0.69
PEG (5Y)3.47
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.96% | ||
| ROE | 7.79% | ||
| ROCE | 10.2% | ||
| ROIC | 7.89% | ||
| ROICexc | 7.94% | ||
| ROICexgc | 13.41% | ||
| OM | 8.3% | ||
| PM (TTM) | 4.03% | ||
| GM | 40.47% | ||
| FCFM | 5.28% |
ROA(3y)2.73%
ROA(5y)4.13%
ROE(3y)6.36%
ROE(5y)8.24%
ROIC(3y)7.55%
ROIC(5y)7.91%
ROICexc(3y)7.64%
ROICexc(5y)8.36%
ROICexgc(3y)12.59%
ROICexgc(5y)12.63%
ROCE(3y)9.77%
ROCE(5y)10.22%
ROICexcg growth 3Y11.94%
ROICexcg growth 5Y-0.53%
ROICexc growth 3Y8.68%
ROICexc growth 5Y-7.05%
OM growth 3Y3.35%
OM growth 5Y-1.11%
PM growth 3Y-14.44%
PM growth 5Y-17.26%
GM growth 3Y1.41%
GM growth 5Y1.77%
F-Score7
Asset Turnover0.98
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.52 | ||
| Debt/FCF | 5.43 | ||
| Debt/EBITDA | 2.57 | ||
| Cap/Depr | 64.4% | ||
| Cap/Sales | 1.39% | ||
| Interest Coverage | 2.5 | ||
| Cash Conversion | 63.76% | ||
| Profit Quality | 130.98% | ||
| Current Ratio | 2.76 | ||
| Quick Ratio | 0.79 | ||
| Altman-Z | 2.7 |
F-Score7
WACC11.32%
ROIC/WACC0.7
Cap/Depr(3y)45.23%
Cap/Depr(5y)109.01%
Cap/Sales(3y)0.99%
Cap/Sales(5y)2.26%
Profit Quality(3y)383.71%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)22.26%
EPS 3Y-16.61%
EPS 5Y2.36%
EPS Q2Q%223.53%
EPS Next Y11.84%
EPS Next 2Y8.84%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-0.08%
Revenue growth 3Y-4.08%
Revenue growth 5Y10.91%
Sales Q2Q%7.52%
Revenue Next Year5.53%
Revenue Next 2Y4.74%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-14.41%
EBIT growth 3Y-0.87%
EBIT growth 5Y9.67%
EBIT Next Year21.65%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-42.56%
FCF growth 3YN/A
FCF growth 5Y35.92%
OCF growth 1Y-34.94%
OCF growth 3YN/A
OCF growth 5Y23.87%