STEVEN MADDEN LTD (SHOO)
US5562691080 - Common Stock
SHOO gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 49 industry peers in the Textiles, Apparel & Luxury Goods industry. SHOO has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. SHOO has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year SHOO was profitable.
SHOO had a positive operating cash flow in the past year.
Of the past 5 years SHOO 4 years were profitable.
Each year in the past 5 years SHOO had a positive operating cash flow.
1.2 Ratios
With an excellent Return On Assets value of 12.95%, SHOO belongs to the best of the industry, outperforming 83.67% of the companies in the same industry.
SHOO has a better Return On Equity (20.00%) than 77.55% of its industry peers.
SHOO has a Return On Invested Capital of 17.35%. This is amongst the best in the industry. SHOO outperforms 87.76% of its industry peers.
SHOO had an Average Return On Invested Capital over the past 3 years of 16.49%. This is significantly above the industry average of 10.83%.
The last Return On Invested Capital (17.35%) for SHOO is above the 3 year average (16.49%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.95% | ||
| ROE | 20% | ||
| ROIC | 17.35% |
ROA(3y)9.88%
ROA(5y)10.54%
ROE(3y)15.7%
ROE(5y)16.04%
ROIC(3y)16.49%
ROIC(5y)15.93%
1.3 Margins
SHOO's Profit Margin of 8.66% is amongst the best of the industry. SHOO outperforms 81.63% of its industry peers.
SHOO's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 11.02%, SHOO is in the better half of the industry, outperforming 77.55% of the companies in the same industry.
In the last couple of years the Operating Margin of SHOO has grown nicely.
SHOO's Gross Margin of 42.24% is in line compared to the rest of the industry. SHOO outperforms 42.86% of its industry peers.
SHOO's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 11.02% | ||
| PM (TTM) | 8.66% | ||
| GM | 42.24% |
OM growth 3Y9.45%
OM growth 5Y3.74%
PM growth 3Y8.8%
PM growth 5Y5.96%
GM growth 3Y2.37%
GM growth 5Y1.96%
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
Compared to 5 years ago, SHOO has less shares outstanding
There is no outstanding debt for SHOO. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
SHOO has an Altman-Z score of 8.07. This indicates that SHOO is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of SHOO (8.07) is better than 91.84% of its industry peers.
There is no outstanding debt for SHOO. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 8.07 |
ROIC/WACC1.87
WACC9.29%
2.3 Liquidity
A Current Ratio of 2.57 indicates that SHOO has no problem at all paying its short term obligations.
SHOO's Current ratio of 2.57 is fine compared to the rest of the industry. SHOO outperforms 61.22% of its industry peers.
A Quick Ratio of 1.95 indicates that SHOO should not have too much problems paying its short term obligations.
SHOO has a Quick ratio of 1.95. This is amongst the best in the industry. SHOO outperforms 81.63% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.57 | ||
| Quick Ratio | 1.95 |
3. Growth
3.1 Past
SHOO shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -27.94%.
The Earnings Per Share has been growing by 13.17% on average over the past years. This is quite good.
Looking at the last year, SHOO shows a very negative growth in Revenue. The Revenue has decreased by -13.34% in the last year.
The Revenue has been growing slightly by 6.54% on average over the past years.
EPS 1Y (TTM)-27.94%
EPS 3Y12.28%
EPS 5Y13.17%
EPS growth Q2Q11.39%
Revenue 1Y (TTM)-13.34%
Revenue growth 3Y5.89%
Revenue growth 5Y6.54%
Revenue growth Q2Q-0.7%
3.2 Future
The Earnings Per Share is expected to grow by 8.98% on average over the next years. This is quite good.
Based on estimates for the next years, SHOO will show a small growth in Revenue. The Revenue will grow by 2.54% on average per year.
EPS Next Y-9.35%
EPS Next 2Y1.62%
EPS Next 3Y5.43%
EPS Next 5Y8.98%
Revenue Next Year-7.03%
Revenue Next 2Y-0.82%
Revenue Next 3Y1.01%
Revenue Next 5Y2.54%
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 decreasing.
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
A Price/Earnings ratio of 16.69 indicates a correct valuation of SHOO.
Compared to the rest of the industry, the Price/Earnings ratio of SHOO is on the same level as its industry peers.
Compared to an average S&P500 Price/Earnings ratio of 24.54, SHOO is valued a bit cheaper.
With a Price/Forward Earnings ratio of 13.29, SHOO is valued correctly.
SHOO's Price/Forward Earnings is on the same level as the industry average.
SHOO is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 19.65, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.69 | ||
| Fwd PE | 13.29 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of SHOO is on the same level as its industry peers.
Based on the Price/Free Cash Flow ratio, SHOO is valued a bit cheaper than the industry average as 71.43% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.02 | ||
| EV/EBITDA | 11.44 |
4.3 Compensation for Growth
The excellent profitability rating of SHOO may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.27
EPS Next 2Y1.62%
EPS Next 3Y5.43%
5. Dividend
5.1 Amount
SHOO has a Yearly Dividend Yield of 2.26%. Purely for dividend investing, there may be better candidates out there.
SHOO's Dividend Yield is a higher than the industry average which is at 3.14.
Compared to an average S&P500 Dividend Yield of 2.63, SHOO has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.26% |
5.2 History
SHOO has been paying a dividend for over 5 years, so it has already some track record.
SHOO has decreased its dividend in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
SHOO pays out 38.11% of its income as dividend. This is a sustainable payout ratio.
DP38.11%
EPS Next 2Y1.62%
EPS Next 3Y5.43%
STEVEN MADDEN LTD
NASDAQ:SHOO (11/29/2023, 7:25:30 PM)
After market: 37.88 0 (0%)37.88
+0.1 (+0.26%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryTextiles, Apparel & Luxury Goods
Earnings (Last)11-08 2023-11-08/bmo
Earnings (Next)02-21 2024-02-21/amc
Inst Owners103.57%
Inst Owner Change0.43%
Ins Owners2.07%
Ins Owner Change0.75%
Market Cap2.85B
Analysts80
Price Target39.4 (4.01%)
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.26% |
Dividend Growth(5Y)N/A
DP38.11%
Div Incr Years2
Div Non Decr Years2
Ex-Date09-14 2023-09-14 (0.21)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)0.31%
Min EPS beat(2)0.25%
Max EPS beat(2)0.37%
EPS beat(4)3
Avg EPS beat(4)-1.43%
Min EPS beat(4)-7.62%
Max EPS beat(4)1.28%
Revenue beat(2)0
Avg Revenue beat(2)-2.95%
Min Revenue beat(2)-4.54%
Max Revenue beat(2)-1.36%
Revenue beat(4)2
Avg Revenue beat(4)-0.92%
Min Revenue beat(4)-4.54%
Max Revenue beat(4)1.53%
PT rev (1m)-1.52%
PT rev (3m)-0.32%
EPS NQ rev (1m)-8.96%
EPS NQ rev (3m)-9.34%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.01%
Revenue NQ rev (1m)1.42%
Revenue NQ rev (3m)1.5%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.05%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.69 | ||
| Fwd PE | 13.29 | ||
| P/S | 1.48 | ||
| P/FCF | 11.02 | ||
| P/OCF | 10.22 | ||
| P/B | 3.41 | ||
| P/tB | 5.02 | ||
| EV/EBITDA | 11.44 |
EPS(TTM)2.27
EY5.99%
EPS(NY)2.85
Fwd EY7.52%
FCF(TTM)3.44
FCFY9.07%
OCF(TTM)3.7
OCFY9.78%
SpS25.66
BVpS11.11
TBVpS7.55
PEG (NY)N/A
PEG (5Y)1.27
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.95% | ||
| ROE | 20% | ||
| ROCE | 22.18% | ||
| ROIC | 17.35% | ||
| ROICexc | 22.1% | ||
| ROICexgc | 34.31% | ||
| OM | 11.02% | ||
| PM (TTM) | 8.66% | ||
| GM | 42.24% | ||
| FCFM | 13.39% |
ROA(3y)9.88%
ROA(5y)10.54%
ROE(3y)15.7%
ROE(5y)16.04%
ROIC(3y)16.49%
ROIC(5y)15.93%
ROICexc(3y)23.58%
ROICexc(5y)22.91%
ROICexgc(3y)41.04%
ROICexgc(5y)41.88%
ROCE(3y)21.08%
ROCE(5y)20.37%
ROICexcg growth 3Y13.89%
ROICexcg growth 5Y5.92%
ROICexc growth 3Y18.54%
ROICexc growth 5Y9.05%
OM growth 3Y9.45%
OM growth 5Y3.74%
PM growth 3Y8.8%
PM growth 5Y5.96%
GM growth 3Y2.37%
GM growth 5Y1.96%
F-Score6
Asset Turnover1.5
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 123.93% | ||
| Cap/Sales | 1.05% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 121.68% | ||
| Profit Quality | 154.6% | ||
| Current Ratio | 2.57 | ||
| Quick Ratio | 1.95 | ||
| Altman-Z | 8.07 |
F-Score6
WACC9.29%
ROIC/WACC1.87
Cap/Depr(3y)56.89%
Cap/Depr(5y)62.43%
Cap/Sales(3y)0.59%
Cap/Sales(5y)0.71%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
Growth
EPS 1Y (TTM)-27.94%
EPS 3Y12.28%
EPS 5Y13.17%
EPS growth Q2Q11.39%
EPS Next Y-9.35%
EPS Next 2Y1.62%
EPS Next 3Y5.43%
EPS Next 5Y8.98%
Revenue 1Y (TTM)-13.34%
Revenue growth 3Y5.89%
Revenue growth 5Y6.54%
Revenue growth Q2Q-0.7%
Revenue Next Year-7.03%
Revenue Next 2Y-0.82%
Revenue Next 3Y1.01%
Revenue Next 5Y2.54%
EBIT growth 1Y-34.32%
EBIT growth 3Y15.9%
EBIT growth 5Y10.52%
EBIT Next Year-11.66%
EBIT Next 3Y3.17%
EBIT Next 5Y9.34%
FCF growth 1Y92.99%
FCF growth 3Y5%
FCF growth 5Y11.76%
OCF growth 1Y99.57%
OCF growth 3Y4.64%
OCF growth 5Y11.15%