SKECHERS USA INC-CL A (SKX) Stock Fundamental Analysis
NYSE:SKX - US8305661055 - Common Stock
63.08 USD
0 (0%)
63.1 USD
+0.02 (+0.03%)
Overall SKX gets a fundamental rating of 5 out of 10. We evaluated SKX against 49 industry peers in the Textiles, Apparel & Luxury Goods industry. While SKX belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. SKX has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year SKX was profitable.
In the past year SKX had a positive cash flow from operations.
In the past 5 years SKX has always been profitable.
In the past 5 years SKX always reported a positive cash flow from operatings.
1.2 Ratios
SKX has a better Return On Assets (7.17%) than 77.55% of its industry peers.
SKX has a Return On Equity of 13.94%. This is in the better half of the industry: SKX outperforms 65.31% of its industry peers.
With a decent Return On Invested Capital value of 9.63%, SKX is doing good in the industry, outperforming 65.31% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for SKX is in line with the industry average of 12.14%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.17% | ||
| ROE | 13.94% | ||
| ROIC | 9.63% |
ROA(3y)6.74%
ROA(5y)6.66%
ROE(3y)12.99%
ROE(5y)13.14%
ROIC(3y)10.44%
ROIC(5y)8.75%
1.3 Margins
SKX's Profit Margin of 7.07% is amongst the best of the industry. SKX outperforms 81.63% of its industry peers.
SKX's Profit Margin has been stable in the last couple of years.
SKX's Operating Margin of 8.89% is fine compared to the rest of the industry. SKX outperforms 69.39% of its industry peers.
In the last couple of years the Operating Margin of SKX has remained more or less at the same level.
Looking at the Gross Margin, with a value of 52.67%, SKX is in line with its industry, outperforming 59.18% of the companies in the same industry.
SKX's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.89% | ||
| PM (TTM) | 7.07% | ||
| GM | 52.67% |
OM growth 3Y2.07%
OM growth 5Y0.3%
PM growth 3Y-15.34%
PM growth 5Y1.43%
GM growth 3Y2.39%
GM growth 5Y2.18%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so SKX is still creating some value.
SKX has less shares outstanding than it did 1 year ago.
The number of shares outstanding for SKX has been reduced compared to 5 years ago.
SKX has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 3.63 indicates that SKX is not in any danger for bankruptcy at the moment.
SKX has a better Altman-Z score (3.63) than 67.35% of its industry peers.
SKX has a debt to FCF ratio of 9.25. This is a negative value and a sign of low solvency as SKX would need 9.25 years to pay back of all of its debts.
SKX's Debt to FCF ratio of 9.25 is in line compared to the rest of the industry. SKX outperforms 44.90% of its industry peers.
A Debt/Equity ratio of 0.06 indicates that SKX is not too dependend on debt financing.
The Debt to Equity ratio of SKX (0.06) is better than 81.63% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.06 | ||
| Debt/FCF | 9.25 | ||
| Altman-Z | 3.63 |
ROIC/WACC0.94
WACC10.27%
2.3 Liquidity
SKX has a Current Ratio of 2.09. This indicates that SKX is financially healthy and has no problem in meeting its short term obligations.
SKX's Current ratio of 2.09 is in line compared to the rest of the industry. SKX outperforms 59.18% of its industry peers.
A Quick Ratio of 1.29 indicates that SKX should not have too much problems paying its short term obligations.
SKX's Quick ratio of 1.29 is fine compared to the rest of the industry. SKX outperforms 61.22% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.09 | ||
| Quick Ratio | 1.29 |
3. Growth
3.1 Past
SKX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 17.43%, which is quite good.
Measured over the past years, SKX shows a quite strong growth in Earnings Per Share. The EPS has been growing by 12.92% on average per year.
The Revenue has grown by 12.11% in the past year. This is quite good.
SKX shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 11.43% yearly.
EPS 1Y (TTM)17.43%
EPS 3Y16.13%
EPS 5Y12.92%
EPS Q2Q%24.18%
Revenue 1Y (TTM)12.11%
Revenue growth 3Y12.44%
Revenue growth 5Y11.43%
Sales Q2Q%13.09%
3.2 Future
The Earnings Per Share is expected to grow by 9.23% on average over the next years. This is quite good.
SKX is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.61% yearly.
EPS Next Y-9.59%
EPS Next 2Y-4.64%
EPS Next 3Y1.79%
EPS Next 5Y9.23%
Revenue Next Year7.51%
Revenue Next 2Y7.4%
Revenue Next 3Y6.66%
Revenue Next 5Y7.61%
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 14.40 indicates a correct valuation of SKX.
75.51% of the companies in the same industry are more expensive than SKX, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 27.13. SKX is valued slightly cheaper when compared to this.
With a Price/Forward Earnings ratio of 16.72, SKX is valued correctly.
SKX's Price/Forward Earnings ratio is in line with the industry average.
When comparing the Price/Forward Earnings ratio of SKX to the average of the S&P500 Index (22.76), we can say SKX is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.4 | ||
| Fwd PE | 16.72 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of SKX indicates a somewhat cheap valuation: SKX is cheaper than 63.27% of the companies listed in the same industry.
SKX's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. SKX is more expensive than 61.22% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 150.1 | ||
| EV/EBITDA | 7.78 |
4.3 Compensation for Growth
SKX has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.11
EPS Next 2Y-4.64%
EPS Next 3Y1.79%
5. Dividend
5.1 Amount
No dividends for SKX!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
63.08
0 (0%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryTextiles, Apparel & Luxury Goods
Earnings (Last)
Earnings (Next)
Inst Owners98.53%
Inst Owner Change-5.77%
Ins Owners0.67%
Ins Owner Change-37.66%
Market Cap9.48B
Analysts69.47
Price Target63.34 (0.41%)
Short Float %2.73%
Short Ratio0.94
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)23.57%
Min EPS beat(2)13.02%
Max EPS beat(2)34.11%
EPS beat(4)3
Avg EPS beat(4)10.4%
Min EPS beat(4)-13.85%
Max EPS beat(4)34.11%
EPS beat(8)6
Avg EPS beat(8)9.07%
EPS beat(12)9
Avg EPS beat(12)18.82%
EPS beat(16)12
Avg EPS beat(16)15.96%
Revenue beat(2)1
Avg Revenue beat(2)0.57%
Min Revenue beat(2)-1.69%
Max Revenue beat(2)2.82%
Revenue beat(4)2
Avg Revenue beat(4)0.13%
Min Revenue beat(4)-1.69%
Max Revenue beat(4)2.82%
Revenue beat(8)3
Avg Revenue beat(8)-1.08%
Revenue beat(12)7
Avg Revenue beat(12)0.85%
Revenue beat(16)10
Avg Revenue beat(16)1.32%
PT rev (1m)-0.22%
PT rev (3m)-2.33%
EPS NQ rev (1m)-3.54%
EPS NQ rev (3m)-41.16%
EPS NY rev (1m)4.33%
EPS NY rev (3m)4.33%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.26%
Revenue NY rev (1m)0.71%
Revenue NY rev (3m)0.79%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.4 | ||
| Fwd PE | 16.72 | ||
| P/S | 1.01 | ||
| P/FCF | 150.1 | ||
| P/OCF | 14.79 | ||
| P/B | 1.99 | ||
| P/tB | 2.03 | ||
| EV/EBITDA | 7.78 |
EPS(TTM)4.38
EY6.94%
EPS(NY)3.77
Fwd EY5.98%
FCF(TTM)0.42
FCFY0.67%
OCF(TTM)4.27
OCFY6.76%
SpS62.63
BVpS31.78
TBVpS31.09
PEG (NY)N/A
PEG (5Y)1.11
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.17% | ||
| ROE | 13.94% | ||
| ROCE | 12.02% | ||
| ROIC | 9.63% | ||
| ROICexc | 12.15% | ||
| ROICexgc | 12.38% | ||
| OM | 8.89% | ||
| PM (TTM) | 7.07% | ||
| GM | 52.67% | ||
| FCFM | 0.67% |
ROA(3y)6.74%
ROA(5y)6.66%
ROE(3y)12.99%
ROE(5y)13.14%
ROIC(3y)10.44%
ROIC(5y)8.75%
ROICexc(3y)12.86%
ROICexc(5y)10.88%
ROICexgc(3y)13.12%
ROICexgc(5y)11.12%
ROCE(3y)12.76%
ROCE(5y)10.69%
ROICexcg growth 3Y7.76%
ROICexcg growth 5Y-0.63%
ROICexc growth 3Y7.89%
ROICexc growth 5Y-1.01%
OM growth 3Y2.07%
OM growth 5Y0.3%
PM growth 3Y-15.34%
PM growth 5Y1.43%
GM growth 3Y2.39%
GM growth 5Y2.18%
F-Score4
Asset Turnover1.01
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.06 | ||
| Debt/FCF | 9.25 | ||
| Debt/EBITDA | 0.25 | ||
| Cap/Depr | 252.38% | ||
| Cap/Sales | 6.14% | ||
| Interest Coverage | 30.18 | ||
| Cash Conversion | 60.14% | ||
| Profit Quality | 9.49% | ||
| Current Ratio | 2.09 | ||
| Quick Ratio | 1.29 | ||
| Altman-Z | 3.63 |
F-Score4
WACC10.27%
ROIC/WACC0.94
Cap/Depr(3y)202.85%
Cap/Depr(5y)209.49%
Cap/Sales(3y)4.51%
Cap/Sales(5y)5.03%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)17.43%
EPS 3Y16.13%
EPS 5Y12.92%
EPS Q2Q%24.18%
EPS Next Y-9.59%
EPS Next 2Y-4.64%
EPS Next 3Y1.79%
EPS Next 5Y9.23%
Revenue 1Y (TTM)12.11%
Revenue growth 3Y12.44%
Revenue growth 5Y11.43%
Sales Q2Q%13.09%
Revenue Next Year7.51%
Revenue Next 2Y7.4%
Revenue Next 3Y6.66%
Revenue Next 5Y7.61%
EBIT growth 1Y-1.38%
EBIT growth 3Y14.77%
EBIT growth 5Y11.77%
EBIT Next Year8.09%
EBIT Next 3Y8.95%
EBIT Next 5Y15.37%
FCF growth 1Y-80.01%
FCF growth 3YN/A
FCF growth 5Y7.27%
OCF growth 1Y-2.7%
OCF growth 3Y47.97%
OCF growth 5Y10.01%