STEVEN MADDEN LTD (SHOO) Stock Fundamental Analysis
NASDAQ:SHOO - US5562691080 - Common Stock
29.38 USD
+1.24 (+4.41%)
29.4 USD
+0.02 (+0.07%)
Overall SHOO gets a fundamental rating of 5 out of 10. We evaluated SHOO against 50 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 it does not seem to be growing.
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.
SHOO had positive earnings in 4 of the past 5 years.
In the past 5 years SHOO always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of SHOO (4.80%) is better than 64.00% of its industry peers.
SHOO has a Return On Equity of 10.92%. This is comparable to the rest of the industry: SHOO outperforms 60.00% of its industry peers.
The Return On Invested Capital of SHOO (9.56%) is better than 66.00% of its industry peers.
SHOO had an Average Return On Invested Capital over the past 3 years of 20.07%. This is significantly above the industry average of 10.66%.
The 3 year average ROIC (20.07%) for SHOO is well above the current ROIC(9.56%). The reason for the recent decline needs to be investigated.
| 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 has a Profit Margin (3.92%) which is comparable to the rest of the industry.
In the last couple of years the Profit Margin of SHOO has remained more or less at the same level.
The Operating Margin of SHOO (7.43%) is comparable to the rest of the industry.
SHOO's Operating Margin has been stable in the last couple of years.
SHOO has a worse Gross Margin (40.84%) than 66.00% 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
SHOO has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
The number of shares outstanding for SHOO has been reduced compared to 1 year ago.
Compared to 5 years ago, SHOO has less shares outstanding
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 4.35. This indicates that SHOO is financially healthy and has little risk of bankruptcy at the moment.
With an excellent Altman-Z score value of 4.35, SHOO belongs to the best of the industry, outperforming 84.00% of the companies in the same industry.
The Debt to FCF ratio of SHOO is 2.49, which is a good value as it means it would take SHOO, 2.49 years of fcf income to pay off all of its debts.
SHOO's Debt to FCF ratio of 2.49 is fine compared to the rest of the industry. SHOO outperforms 74.00% 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.
The Debt to Equity ratio of SHOO (0.35) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.35 | ||
| Debt/FCF | 2.49 | ||
| Altman-Z | 4.35 |
ROIC/WACC1.02
WACC9.35%
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 54.00% 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.
The Quick ratio of SHOO (1.13) is comparable to the rest of the industry.
| 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%.
The Earnings Per Share has been growing slightly by 6.57% on average over the past years.
Looking at the last year, SHOO shows a small growth in Revenue. The Revenue has grown by 7.97% in the last year.
Measured over the past years, SHOO shows a small growth in Revenue. The Revenue has been growing by 5.02% on average per year.
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
Based on estimates for the next years, SHOO will show a small growth in Earnings Per Share. The EPS will grow by 3.56% on average per year.
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 Year11.12%
Revenue Next 2Y10.62%
Revenue Next 3Y9.2%
Revenue Next 5Y4.96%
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 stable.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 13.00, SHOO is valued correctly.
Based on the Price/Earnings ratio, SHOO is valued cheaper than 82.00% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.14, SHOO is valued rather cheaply.
A Price/Forward Earnings ratio of 14.39 indicates a correct valuation of SHOO.
SHOO's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. SHOO is cheaper than 66.00% of the companies in the same industry.
SHOO's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.80.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13 | ||
| Fwd PE | 14.39 |
4.2 Price Multiples
SHOO's Enterprise Value to EBITDA is on the same level as the industry average.
SHOO's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. SHOO is cheaper than 74.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.12 | ||
| EV/EBITDA | 11.77 |
4.3 Compensation for Growth
The decent profitability rating of SHOO may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.98
EPS Next 2Y-12.71%
EPS Next 3Y-1.01%
5. Dividend
5.1 Amount
SHOO has a Yearly Dividend Yield of 3.10%.
SHOO's Dividend Yield is rather good when compared to the industry average which is at 3.65. SHOO pays more dividend than 88.00% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.34, SHOO pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.1% |
5.2 History
The dividend of SHOO is nicely growing with an annual growth rate of 7.91%!
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
SHOO pays out 66.76% of its income as dividend. This is not a sustainable payout ratio.
SHOO's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP66.76%
EPS Next 2Y-12.71%
EPS Next 3Y-1.01%
29.38
+1.24 (+4.41%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryTextiles, Apparel & Luxury Goods
Earnings (Last)
Earnings (Next)
Inst Owners105.76%
Inst Owner Change2.49%
Ins Owners2.13%
Ins Owner Change2.48%
Market Cap2.13B
Analysts77.33
Price Target28.69 (-2.35%)
Short Float %7.28%
Short Ratio3.24
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.1% |
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)1.81%
PT rev (3m)-11.18%
EPS NQ rev (1m)2.52%
EPS NQ rev (3m)-51.96%
EPS NY rev (1m)5.59%
EPS NY rev (3m)11.47%
Revenue NQ rev (1m)-1.81%
Revenue NQ rev (3m)-0.56%
Revenue NY rev (1m)-0.74%
Revenue NY rev (3m)-2.49%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13 | ||
| Fwd PE | 14.39 | ||
| P/S | 0.92 | ||
| P/FCF | 18.12 | ||
| P/OCF | 14.05 | ||
| P/B | 2.56 | ||
| P/tB | 7.51 | ||
| EV/EBITDA | 11.77 |
EPS(TTM)2.26
EY7.69%
EPS(NY)2.04
Fwd EY6.95%
FCF(TTM)1.62
FCFY5.52%
OCF(TTM)2.09
OCFY7.12%
SpS31.93
BVpS11.47
TBVpS3.91
PEG (NY)N/A
PEG (5Y)1.98
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 | 4.35 |
F-Score4
WACC9.35%
ROIC/WACC1.02
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 Year11.12%
Revenue Next 2Y10.62%
Revenue Next 3Y9.2%
Revenue Next 5Y4.96%
EBIT growth 1Y-26.8%
EBIT growth 3Y0.11%
EBIT growth 5Y6.56%
EBIT Next Year-31.24%
EBIT Next 3Y2.45%
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%