STEVEN MADDEN LTD (SHOO) Stock Fundamental Analysis
USA - NASDAQ:SHOO - US5562691080 - Common Stock
33.995 USD
-0.16 (-0.45%)
33.995 USD
0 (0%)
SHOO 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. SHOO has an excellent financial health rating, but there are some minor concerns on its profitability. SHOO has a valuation in line with the averages, but on the other hand it scores bad on growth.
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.
SHOO had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a decent Return On Assets value of 4.80%, SHOO is doing good in the industry, outperforming 66.67% of the companies in the same industry.
SHOO has a Return On Equity of 10.92%. This is in the better half of the industry: SHOO outperforms 62.50% of its industry peers.
Looking at the Return On Invested Capital, with a value of 9.56%, SHOO is in the better half of the industry, outperforming 64.58% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for SHOO is significantly above the industry average of 12.15%.
The last Return On Invested Capital (9.56%) for SHOO is well below the 3 year average (20.07%), which needs to be investigated, but indicates that SHOO had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.8% | ||
| ROE | 10.92% | ||
| ROIC | 9.56% |
ROA(3y)13.97%
ROA(5y)10.87%
ROE(3y)22.22%
ROE(5y)17.55%
ROIC(3y)20.07%
ROIC(5y)17.19%
1.3 Margins
SHOO's Profit Margin of 3.92% is in line compared to the rest of the industry. SHOO outperforms 58.33% of its industry peers.
In the last couple of years the Profit Margin of SHOO has remained more or less at the same level.
SHOO has a Operating Margin (7.43%) which is in line with its industry peers.
SHOO's Operating Margin has been stable in the last couple of years.
SHOO has a Gross Margin of 40.84%. This is in the lower half of the industry: SHOO underperforms 64.58% of its industry peers.
SHOO's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.43% | ||
| PM (TTM) | 3.92% | ||
| GM | 40.84% |
OM growth 3Y-6.39%
OM growth 5Y1.47%
PM growth 3Y-10.12%
PM growth 5Y-1.26%
GM growth 3Y-0.07%
GM growth 5Y1.35%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so SHOO is creating value.
SHOO has less shares outstanding than it did 1 year ago.
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 4.54. This indicates that SHOO is financially healthy and has little risk of bankruptcy at the moment.
With an excellent Altman-Z score value of 4.54, SHOO belongs to the best of the industry, outperforming 81.25% of the companies in the same industry.
SHOO has a debt to FCF ratio of 2.49. This is a good value and a sign of high solvency as SHOO would need 2.49 years to pay back of all of its debts.
SHOO's Debt to FCF ratio of 2.49 is fine compared to the rest of the industry. SHOO outperforms 72.92% of its industry peers.
SHOO has a Debt/Equity ratio of 0.35. This is a healthy value indicating a solid balance between debt and equity.
SHOO has a Debt to Equity ratio of 0.35. This is comparable to the rest of the industry: SHOO outperforms 56.25% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.35 | ||
| Debt/FCF | 2.49 | ||
| Altman-Z | 4.54 |
ROIC/WACC0.95
WACC10.11%
2.3 Liquidity
SHOO has a Current Ratio of 2.01. This indicates that SHOO is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 2.01, SHOO is in line with its industry, outperforming 56.25% of the companies in the same industry.
A Quick Ratio of 1.13 indicates that SHOO should not have too much problems paying its short term obligations.
SHOO's Quick ratio of 1.13 is in line compared to the rest of the industry. SHOO outperforms 52.08% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.01 | ||
| Quick Ratio | 1.13 |
3. Growth
3.1 Past
SHOO shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -16.61%.
SHOO shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 6.57% yearly.
The Revenue has been growing slightly by 7.97% in the past year.
SHOO shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.02% yearly.
EPS 1Y (TTM)-16.61%
EPS 3Y3.18%
EPS 5Y6.57%
EPS Q2Q%-64.91%
Revenue 1Y (TTM)7.97%
Revenue growth 3Y6.95%
Revenue growth 5Y5.02%
Sales Q2Q%6.59%
3.2 Future
The Earnings Per Share is expected to grow by 3.56% on average over the next years.
SHOO is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.96% yearly.
EPS Next Y-44.39%
EPS Next 2Y-12.71%
EPS Next 3Y-1.01%
EPS Next 5Y3.56%
Revenue Next Year11.08%
Revenue Next 2Y10.64%
Revenue Next 3Y9.1%
Revenue Next 5Y4.96%
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 stable.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 15.04, the valuation of SHOO can be described as correct.
Based on the Price/Earnings ratio, SHOO is valued a bit cheaper than 72.92% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.70, SHOO is valued a bit cheaper.
The Price/Forward Earnings ratio is 16.65, which indicates a correct valuation of SHOO.
The rest of the industry has a similar Price/Forward Earnings ratio as SHOO.
SHOO is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 23.15, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.04 | ||
| Fwd PE | 16.65 |
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 68.75% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 20.97 | ||
| EV/EBITDA | 13.54 |
4.3 Compensation for Growth
The decent profitability rating of SHOO may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)2.29
EPS Next 2Y-12.71%
EPS Next 3Y-1.01%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.45%, SHOO has a reasonable but not impressive dividend return.
SHOO's Dividend Yield is rather good when compared to the industry average which is at 3.18. SHOO pays more dividend than 85.42% of the companies in the same industry.
SHOO's Dividend Yield is comparable with the S&P500 average which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.45% |
5.2 History
On average, the dividend of SHOO grows each year by 7.91%, which is quite nice.
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)7.91%
Div Incr Years0
Div Non Decr Years4
5.3 Sustainability
66.76% of the earnings are spent on dividend by SHOO. This is not a sustainable payout ratio.
The dividend of SHOO is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP66.76%
EPS Next 2Y-12.71%
EPS Next 3Y-1.01%
33.995
-0.16 (-0.45%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryTextiles, Apparel & Luxury Goods
Earnings (Last)
Earnings (Next)
Inst Owners110.23%
Inst Owner Change0%
Ins Owners2.13%
Ins Owner Change0.67%
Market Cap2.47B
Analysts78.67
Price Target32.39 (-4.72%)
Short Float %10.6%
Short Ratio4.49
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.45% |
Yearly Dividend0.84
Dividend Growth(5Y)7.91%
DP66.76%
Div Incr Years0
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)13.33%
Min EPS beat(2)-3.25%
Max EPS beat(2)29.91%
EPS beat(4)3
Avg EPS beat(4)7.21%
Min EPS beat(4)-3.25%
Max EPS beat(4)29.91%
EPS beat(8)7
Avg EPS beat(8)6.68%
EPS beat(12)9
Avg EPS beat(12)3.88%
EPS beat(16)13
Avg EPS beat(16)8.8%
Revenue beat(2)0
Avg Revenue beat(2)-4.53%
Min Revenue beat(2)-6%
Max Revenue beat(2)-3.06%
Revenue beat(4)2
Avg Revenue beat(4)-1.06%
Min Revenue beat(4)-6%
Max Revenue beat(4)4.08%
Revenue beat(8)3
Avg Revenue beat(8)-0.53%
Revenue beat(12)6
Avg Revenue beat(12)-0.41%
Revenue beat(16)9
Avg Revenue beat(16)1.68%
PT rev (1m)12.89%
PT rev (3m)14.93%
EPS NQ rev (1m)-1.28%
EPS NQ rev (3m)0.89%
EPS NY rev (1m)0%
EPS NY rev (3m)5.59%
Revenue NQ rev (1m)-0.19%
Revenue NQ rev (3m)-1.82%
Revenue NY rev (1m)-0.04%
Revenue NY rev (3m)-0.78%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.04 | ||
| Fwd PE | 16.65 | ||
| P/S | 1.06 | ||
| P/FCF | 20.97 | ||
| P/OCF | 16.26 | ||
| P/B | 2.96 | ||
| P/tB | 8.69 | ||
| EV/EBITDA | 13.54 |
EPS(TTM)2.26
EY6.65%
EPS(NY)2.04
Fwd EY6.01%
FCF(TTM)1.62
FCFY4.77%
OCF(TTM)2.09
OCFY6.15%
SpS31.93
BVpS11.47
TBVpS3.91
PEG (NY)N/A
PEG (5Y)2.29
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.8% | ||
| ROE | 10.92% | ||
| ROCE | 12.32% | ||
| ROIC | 9.56% | ||
| ROICexc | 10.39% | ||
| ROICexgc | 18.13% | ||
| OM | 7.43% | ||
| PM (TTM) | 3.92% | ||
| GM | 40.84% | ||
| FCFM | 5.08% |
ROA(3y)13.97%
ROA(5y)10.87%
ROE(3y)22.22%
ROE(5y)17.55%
ROIC(3y)20.07%
ROIC(5y)17.19%
ROICexc(3y)26.91%
ROICexc(5y)23.43%
ROICexgc(3y)44.98%
ROICexgc(5y)39.85%
ROCE(3y)25.87%
ROCE(5y)22.16%
ROICexcg growth 3Y-8.75%
ROICexcg growth 5Y-0.19%
ROICexc growth 3Y-6.05%
ROICexc growth 5Y3.67%
OM growth 3Y-6.39%
OM growth 5Y1.47%
PM growth 3Y-10.12%
PM growth 5Y-1.26%
GM growth 3Y-0.07%
GM growth 5Y1.35%
F-Score4
Asset Turnover1.22
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.35 | ||
| Debt/FCF | 2.49 | ||
| Debt/EBITDA | 1.46 | ||
| Cap/Depr | 140.17% | ||
| Cap/Sales | 1.47% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 77.24% | ||
| Profit Quality | 129.39% | ||
| Current Ratio | 2.01 | ||
| Quick Ratio | 1.13 | ||
| Altman-Z | 4.54 |
F-Score4
WACC10.11%
ROIC/WACC0.95
Cap/Depr(3y)114.81%
Cap/Depr(5y)85.15%
Cap/Sales(3y)0.99%
Cap/Sales(5y)0.78%
Profit Quality(3y)113.13%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-16.61%
EPS 3Y3.18%
EPS 5Y6.57%
EPS Q2Q%-64.91%
EPS Next Y-44.39%
EPS Next 2Y-12.71%
EPS Next 3Y-1.01%
EPS Next 5Y3.56%
Revenue 1Y (TTM)7.97%
Revenue growth 3Y6.95%
Revenue growth 5Y5.02%
Sales Q2Q%6.59%
Revenue Next Year11.08%
Revenue Next 2Y10.64%
Revenue Next 3Y9.1%
Revenue Next 5Y4.96%
EBIT growth 1Y-26.8%
EBIT growth 3Y0.11%
EBIT growth 5Y6.56%
EBIT Next Year-29.43%
EBIT Next 3Y3.38%
EBIT Next 5Y7.23%
FCF growth 1Y-59.53%
FCF growth 3Y4.04%
FCF growth 5Y-4.39%
OCF growth 1Y-50.97%
OCF growth 3Y7.49%
OCF growth 5Y-3.26%