STEVEN MADDEN LTD (SHOO) Stock Fundamental Analysis
USA - NASDAQ:SHOO - US5562691080 - Common Stock
34.32 USD
+2.07 (+6.42%)
34.32 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. While SHOO has a great health rating, its profitability is only average at the moment. 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.
SHOO had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
SHOO has a better Return On Assets (4.80%) than 66.67% of its industry peers.
Looking at the Return On Equity, with a value of 10.92%, SHOO is in the better half of the industry, outperforming 62.50% of the companies in the same industry.
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.
The Average Return On Invested Capital over the past 3 years for SHOO is significantly above the industry average of 12.15%.
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 of 3.92%. This is comparable 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 comparable to the rest of the industry.
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.
In the last couple of years the Gross Margin of SHOO has remained more or less at the same level.
| 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.
Compared to 1 year ago, SHOO has less shares outstanding
SHOO has less shares outstanding than it did 5 years ago.
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 4.46. This indicates that SHOO is financially healthy and has little risk of bankruptcy at the moment.
SHOO's Altman-Z score of 4.46 is amongst the best of the industry. SHOO outperforms 83.33% of its industry peers.
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.
Looking at the Debt to FCF ratio, with a value of 2.49, SHOO is in the better half of the industry, outperforming 72.92% of the companies in the same industry.
SHOO has a Debt/Equity ratio of 0.35. This is a healthy value indicating a solid balance between debt and equity.
SHOO's Debt to Equity ratio of 0.35 is in line compared 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 | 4.46 |
ROIC/WACC0.94
WACC10.13%
2.3 Liquidity
A Current Ratio of 2.01 indicates that SHOO has no problem at all paying its short term obligations.
With a Current ratio value of 2.01, SHOO perfoms like the industry average, 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
The earnings per share for SHOO have decreased strongly by -16.61% in the last year.
Measured over the past 5 years, SHOO shows a small growth in Earnings Per Share. The EPS has been growing by 6.57% on average per year.
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
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
SHOO is valuated correctly with a Price/Earnings ratio of 15.19.
Based on the Price/Earnings ratio, SHOO is valued a bit cheaper than the industry average as 72.92% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 27.02, SHOO is valued a bit cheaper.
With a Price/Forward Earnings ratio of 16.80, SHOO is valued correctly.
Compared to the rest of the industry, the Price/Forward Earnings ratio of SHOO is on the same level as its industry peers.
SHOO's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.57.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.19 | ||
| Fwd PE | 16.8 |
4.2 Price Multiples
SHOO's Enterprise Value to EBITDA is on the same level as the industry average.
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 | 21.17 | ||
| EV/EBITDA | 12.83 |
4.3 Compensation for Growth
SHOO has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)2.31
EPS Next 2Y-12.71%
EPS Next 3Y-1.01%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.47%, 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 3.29. SHOO pays more dividend than 81.25% 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 | 2.47% |
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.
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%
34.32
+2.07 (+6.42%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryTextiles, Apparel & Luxury Goods
Earnings (Last)
Earnings (Next)
Inst Owners110.23%
Inst Owner Change-0.01%
Ins Owners2.13%
Ins Owner Change0.67%
Market Cap2.49B
Analysts78.67
Price Target32.39 (-5.62%)
Short Float %10.6%
Short Ratio4.49
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.47% |
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%
Revenue NY rev (3m)-0.78%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.19 | ||
| Fwd PE | 16.8 | ||
| P/S | 1.07 | ||
| P/FCF | 21.17 | ||
| P/OCF | 16.41 | ||
| P/B | 2.99 | ||
| P/tB | 8.77 | ||
| EV/EBITDA | 12.83 |
EPS(TTM)2.26
EY6.59%
EPS(NY)2.04
Fwd EY5.95%
FCF(TTM)1.62
FCFY4.72%
OCF(TTM)2.09
OCFY6.09%
SpS31.93
BVpS11.47
TBVpS3.91
PEG (NY)N/A
PEG (5Y)2.31
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 | 4.46 |
F-Score4
WACC10.13%
ROIC/WACC0.94
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%