STEVEN MADDEN LTD (SHOO)

US5562691080 - Common Stock

42.28  +0.41 (+0.98%)

After market: 42.28 0 (0%)

Fundamental Rating

7

We assign a fundamental rating of 7 out of 10 to SHOO. SHOO was compared to 50 industry peers in the Textiles, Apparel & Luxury Goods industry. SHOO gets an excellent profitability rating and is at the same time showing great financial health properties. SHOO is not valued too expensively and it also shows a decent growth rate.



8

1. Profitability

1.1 Basic Checks

SHOO had positive earnings in the past year.
SHOO had a positive operating cash flow in the past year.
Of the past 5 years SHOO 4 years were profitable.
In the past 5 years SHOO always reported a positive cash flow from operatings.

1.2 Ratios

The Return On Assets of SHOO (12.72%) is better than 86.00% of its industry peers.
SHOO's Return On Equity of 20.67% is fine compared to the rest of the industry. SHOO outperforms 78.00% of its industry peers.
The Return On Invested Capital of SHOO (17.63%) is better than 90.00% of its industry peers.
SHOO had an Average Return On Invested Capital over the past 3 years of 20.67%. This is significantly above the industry average of 10.10%.
Industry RankSector Rank
ROA 12.72%
ROE 20.67%
ROIC 17.63%
ROA(3y)14.66%
ROA(5y)10.68%
ROE(3y)23.38%
ROE(5y)16.97%
ROIC(3y)20.67%
ROIC(5y)16.21%

1.3 Margins

SHOO has a better Profit Margin (8.65%) than 82.00% of its industry peers.
SHOO's Profit Margin has improved in the last couple of years.
SHOO's Operating Margin of 11.09% is fine compared to the rest of the industry. SHOO outperforms 80.00% of its industry peers.
In the last couple of years the Operating Margin of SHOO has remained more or less at the same level.
Looking at the Gross Margin, with a value of 42.01%, SHOO is in line with its industry, outperforming 42.00% of the companies in the same industry.
In the last couple of years the Gross Margin of SHOO has grown nicely.
Industry RankSector Rank
OM 11.09%
PM (TTM) 8.65%
GM 42.01%
OM growth 3Y32.96%
OM growth 5Y1.12%
PM growth 3YN/A
PM growth 5Y2.09%
GM growth 3Y2.82%
GM growth 5Y2.43%

9

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), SHOO is creating value.
Compared to 1 year ago, SHOO has less shares outstanding
SHOO has less shares outstanding than it did 5 years ago.
SHOO has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.

2.2 Solvency

SHOO has an Altman-Z score of 7.80. This indicates that SHOO is financially healthy and has little risk of bankruptcy at the moment.
SHOO's Altman-Z score of 7.80 is amongst the best of the industry. SHOO outperforms 92.00% of its industry peers.
SHOO has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z 7.8
ROIC/WACC1.95
WACC9.05%

2.3 Liquidity

A Current Ratio of 2.26 indicates that SHOO has no problem at all paying its short term obligations.
The Current ratio of SHOO (2.26) is comparable to the rest of the industry.
A Quick Ratio of 1.66 indicates that SHOO should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.66, SHOO is in the better half of the industry, outperforming 68.00% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.26
Quick Ratio 1.66

4

3. Growth

3.1 Past

SHOO shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -10.87%.
SHOO shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 6.02% yearly.
SHOO shows a decrease in Revenue. In the last year, the revenue decreased by -6.62%.
SHOO shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.69% yearly.
EPS 1Y (TTM)-10.87%
EPS 3Y57.47%
EPS 5Y6.02%
EPS growth Q2Q45.24%
Revenue 1Y (TTM)-6.62%
Revenue growth 3Y18.14%
Revenue growth 5Y3.69%
Revenue growth Q2Q10.44%

3.2 Future

SHOO is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 12.91% yearly.
The Revenue is expected to grow by 5.13% on average over the next years.
EPS Next Y9.35%
EPS Next 2Y11.3%
EPS Next 3Y13.17%
EPS Next 5Y12.91%
Revenue Next Year11.78%
Revenue Next 2Y8.42%
Revenue Next 3Y6.97%
Revenue Next 5Y5.13%

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.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.

4

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 17.19, SHOO is valued on the expensive side.
Based on the Price/Earnings ratio, SHOO is valued a bit cheaper than 64.00% of the companies in the same industry.
When comparing the Price/Earnings ratio of SHOO to the average of the S&P500 Index (26.48), we can say SHOO is valued slightly cheaper.
The Price/Forward Earnings ratio is 15.72, which indicates a correct valuation of SHOO.
The rest of the industry has a similar Price/Forward Earnings ratio as SHOO.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.79, SHOO is valued a bit cheaper.
Industry RankSector Rank
PE 17.19
Fwd PE 15.72

4.2 Price Multiples

The rest of the industry has a similar Enterprise Value to EBITDA ratio as SHOO.
SHOO's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 14.92
EV/EBITDA 12.31

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
SHOO has an outstanding profitability rating, which may justify a higher PE ratio.
SHOO's earnings are expected to grow with 13.17% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.84
PEG (5Y)2.86
EPS Next 2Y11.3%
EPS Next 3Y13.17%

6

5. Dividend

5.1 Amount

SHOO has a Yearly Dividend Yield of 2.01%.
SHOO's Dividend Yield is a higher than the industry average which is at 2.76.
SHOO's Dividend Yield is comparable with the S&P500 average which is at 2.34.
Industry RankSector Rank
Dividend Yield 2.01%

5.2 History

The dividend of SHOO is nicely growing with an annual growth rate of 9.05%!
SHOO has been paying a dividend for over 5 years, so it has already some track record.
SHOO has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)9.05%
Div Incr Years0
Div Non Decr Years3

5.3 Sustainability

36.84% of the earnings are spent on dividend by SHOO. This is a low number and sustainable payout ratio.
SHOO's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP36.84%
EPS Next 2Y11.3%
EPS Next 3Y13.17%

STEVEN MADDEN LTD

NASDAQ:SHOO (3/28/2024, 8:00:02 PM)

After market: 42.28 0 (0%)

42.28

+0.41 (+0.98%)

Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryTextiles, Apparel & Luxury Goods
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap3.13B
Analysts
Price Target
Dividend
Industry RankSector Rank
Dividend Yield 2.01%
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
Industry RankSector Rank
PE 17.19
Fwd PE 15.72
P/S
P/FCF
P/OCF
P/B
P/tB
EV/EBITDA
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)1.84
PEG (5Y)2.86
Profitability
Industry RankSector Rank
ROA 12.72%
ROE 20.67%
ROCE
ROIC
ROICexc
ROICexgc
OM 11.09%
PM (TTM) 8.65%
GM 42.01%
FCFM
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover1.47
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF
Debt/EBITDA
Cap/Depr
Cap/Sales
Interest Coverage
Cash Conversion
Profit Quality
Current Ratio 2.26
Quick Ratio 1.66
Altman-Z
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-10.87%
EPS 3Y57.47%
EPS 5Y
EPS growth Q2Q
EPS Next Y9.35%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-6.62%
Revenue growth 3Y18.14%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y