YETI HOLDINGS INC (YETI) Stock Fundamental Analysis
NYSE:YETI - New York Stock Exchange, Inc. - US98585X1046 - Common Stock - Currency: USD
We assign a fundamental rating of 7 out of 10 to YETI. YETI was compared to 30 industry peers in the Leisure Products industry. YETI has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. A decent growth rate in combination with a cheap valuation! Better keep an eye on YETI. With these ratings, YETI could be worth investigating further for value and quality investing!.
1. Profitability
1.1 Basic Checks
YETI had positive earnings in the past year.
YETI had a positive operating cash flow in the past year.
In the past 5 years YETI has always been profitable.
YETI had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
YETI has a Return On Assets of 14.25%. This is amongst the best in the industry. YETI outperforms 100.00% of its industry peers.
YETI's Return On Equity of 23.09% is amongst the best of the industry. YETI outperforms 90.00% of its industry peers.
Looking at the Return On Invested Capital, with a value of 19.59%, YETI belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for YETI is significantly above the industry average of 7.91%.
The 3 year average ROIC (18.12%) for YETI is below the current ROIC(19.59%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 14.25% | ||
| ROE | 23.09% | ||
| ROIC | 19.59% |
ROA(3y)11.7%
ROA(5y)15.12%
ROE(3y)21.42%
ROE(5y)31.87%
ROIC(3y)18.12%
ROIC(5y)24.03%
1.3 Margins
The Profit Margin of YETI (9.59%) is better than 93.33% of its industry peers.
In the last couple of years the Profit Margin of YETI has grown nicely.
YETI's Operating Margin of 13.30% is amongst the best of the industry. YETI outperforms 93.33% of its industry peers.
YETI's Operating Margin has improved in the last couple of years.
YETI has a Gross Margin of 58.18%. This is amongst the best in the industry. YETI outperforms 90.00% of its industry peers.
YETI's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 13.3% | ||
| PM (TTM) | 9.59% | ||
| GM | 58.18% |
OM growth 3Y-10.87%
OM growth 5Y7.01%
PM growth 3Y-13.95%
PM growth 5Y11.72%
GM growth 3Y0.15%
GM growth 5Y2.24%
2. Health
2.1 Basic Checks
YETI 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 YETI has been reduced compared to 1 year ago.
YETI has less shares outstanding than it did 5 years ago.
YETI has a better debt/assets ratio than last year.
2.2 Solvency
YETI has an Altman-Z score of 6.76. This indicates that YETI is financially healthy and has little risk of bankruptcy at the moment.
YETI's Altman-Z score of 6.76 is amongst the best of the industry. YETI outperforms 86.67% of its industry peers.
YETI has a debt to FCF ratio of 0.32. This is a very positive value and a sign of high solvency as it would only need 0.32 years to pay back of all of its debts.
YETI has a Debt to FCF ratio of 0.32. This is amongst the best in the industry. YETI outperforms 83.33% of its industry peers.
A Debt/Equity ratio of 0.09 indicates that YETI is not too dependend on debt financing.
With a Debt to Equity ratio value of 0.09, YETI perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.09 | ||
| Debt/FCF | 0.32 | ||
| Altman-Z | 6.76 |
ROIC/WACC2.16
WACC9.09%
2.3 Liquidity
A Current Ratio of 2.58 indicates that YETI has no problem at all paying its short term obligations.
YETI has a Current ratio of 2.58. This is comparable to the rest of the industry: YETI outperforms 60.00% of its industry peers.
A Quick Ratio of 1.47 indicates that YETI should not have too much problems paying its short term obligations.
YETI's Quick ratio of 1.47 is in line compared to the rest of the industry. YETI outperforms 53.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.58 | ||
| Quick Ratio | 1.47 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 12.86% over the past year.
Measured over the past years, YETI shows a quite strong growth in Earnings Per Share. The EPS has been growing by 18.24% on average per year.
Looking at the last year, YETI shows a quite strong growth in Revenue. The Revenue has grown by 8.38% in the last year.
The Revenue has been growing by 14.90% on average over the past years. This is quite good.
EPS 1Y (TTM)12.86%
EPS 3Y2.28%
EPS 5Y18.24%
EPS Q2Q%-8.82%
Revenue 1Y (TTM)8.38%
Revenue growth 3Y9.05%
Revenue growth 5Y14.9%
Sales Q2Q%2.85%
3.2 Future
YETI is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.22% yearly.
Based on estimates for the next years, YETI will show a small growth in Revenue. The Revenue will grow by 4.11% on average per year.
EPS Next Y-25.77%
EPS Next 2Y-4.37%
EPS Next 3Y1.52%
EPS Next 5Y4.22%
Revenue Next Year2.56%
Revenue Next 2Y4.01%
Revenue Next 3Y4.71%
Revenue Next 5Y4.11%
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 11.80 indicates a reasonable valuation of YETI.
Based on the Price/Earnings ratio, YETI is valued cheaper than 96.67% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.30. YETI is valued rather cheaply when compared to this.
The Price/Forward Earnings ratio is 12.76, which indicates a correct valuation of YETI.
83.33% of the companies in the same industry are more expensive than YETI, based on the Price/Forward Earnings ratio.
YETI is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 21.76, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.8 | ||
| Fwd PE | 12.76 |
4.2 Price Multiples
76.67% of the companies in the same industry are more expensive than YETI, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of YETI indicates a rather cheap valuation: YETI is cheaper than 83.33% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.86 | ||
| EV/EBITDA | 8.63 |
4.3 Compensation for Growth
The excellent profitability rating of YETI may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.65
EPS Next 2Y-4.37%
EPS Next 3Y1.52%
5. Dividend
5.1 Amount
No dividends for YETI!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
32.09
-0.79 (-2.4%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryLeisure Products
Earnings (Last)
Earnings (Next)
Inst Owners109.56%
Inst Owner Change-0.23%
Ins Owners0.59%
Ins Owner Change17.31%
Market Cap2.66B
Analysts74.78
Price Target34.75 (8.29%)
Short Float %9.09%
Short Ratio3.08
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)9.33%
Min EPS beat(2)5.65%
Max EPS beat(2)13.01%
EPS beat(4)4
Avg EPS beat(4)7.75%
Min EPS beat(4)4.56%
Max EPS beat(4)13.01%
EPS beat(8)7
Avg EPS beat(8)10.69%
EPS beat(12)9
Avg EPS beat(12)7.28%
EPS beat(16)13
Avg EPS beat(16)7.13%
Revenue beat(2)0
Avg Revenue beat(2)-1.87%
Min Revenue beat(2)-2.93%
Max Revenue beat(2)-0.81%
Revenue beat(4)1
Avg Revenue beat(4)-0.94%
Min Revenue beat(4)-2.93%
Max Revenue beat(4)0.43%
Revenue beat(8)3
Avg Revenue beat(8)-0.9%
Revenue beat(12)5
Avg Revenue beat(12)-1.44%
Revenue beat(16)6
Avg Revenue beat(16)-0.86%
PT rev (1m)-9.46%
PT rev (3m)-22.47%
EPS NQ rev (1m)0.58%
EPS NQ rev (3m)-27.9%
EPS NY rev (1m)0%
EPS NY rev (3m)-31.48%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-4.39%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-3.32%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.8 | ||
| Fwd PE | 12.76 | ||
| P/S | 1.44 | ||
| P/FCF | 10.86 | ||
| P/OCF | 9.33 | ||
| P/B | 3.48 | ||
| P/tB | 5.13 | ||
| EV/EBITDA | 8.63 |
EPS(TTM)2.72
EY8.48%
EPS(NY)2.51
Fwd EY7.84%
FCF(TTM)2.95
FCFY9.21%
OCF(TTM)3.44
OCFY10.71%
SpS22.21
BVpS9.23
TBVpS6.25
PEG (NY)N/A
PEG (5Y)0.65
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 14.25% | ||
| ROE | 23.09% | ||
| ROCE | 26.01% | ||
| ROIC | 19.59% | ||
| ROICexc | 27.04% | ||
| ROICexgc | 42.36% | ||
| OM | 13.3% | ||
| PM (TTM) | 9.59% | ||
| GM | 58.18% | ||
| FCFM | 13.3% |
ROA(3y)11.7%
ROA(5y)15.12%
ROE(3y)21.42%
ROE(5y)31.87%
ROIC(3y)18.12%
ROIC(5y)24.03%
ROICexc(3y)31.36%
ROICexc(5y)46.16%
ROICexgc(3y)52.17%
ROICexgc(5y)114.29%
ROCE(3y)24.06%
ROCE(5y)31.91%
ROICexcg growth 3Y-11.25%
ROICexcg growth 5Y17.49%
ROICexc growth 3Y-13.92%
ROICexc growth 5Y14.69%
OM growth 3Y-10.87%
OM growth 5Y7.01%
PM growth 3Y-13.95%
PM growth 5Y11.72%
GM growth 3Y0.15%
GM growth 5Y2.24%
F-Score7
Asset Turnover1.49
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.09 | ||
| Debt/FCF | 0.32 | ||
| Debt/EBITDA | 0.24 | ||
| Cap/Depr | 80.48% | ||
| Cap/Sales | 2.18% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 96.69% | ||
| Profit Quality | 138.67% | ||
| Current Ratio | 2.58 | ||
| Quick Ratio | 1.47 | ||
| Altman-Z | 6.76 |
F-Score7
WACC9.09%
ROIC/WACC2.16
Cap/Depr(3y)103.79%
Cap/Depr(5y)107.46%
Cap/Sales(3y)2.74%
Cap/Sales(5y)2.72%
Profit Quality(3y)108.26%
Profit Quality(5y)118.49%
High Growth Momentum
Growth
EPS 1Y (TTM)12.86%
EPS 3Y2.28%
EPS 5Y18.24%
EPS Q2Q%-8.82%
EPS Next Y-25.77%
EPS Next 2Y-4.37%
EPS Next 3Y1.52%
EPS Next 5Y4.22%
Revenue 1Y (TTM)8.38%
Revenue growth 3Y9.05%
Revenue growth 5Y14.9%
Sales Q2Q%2.85%
Revenue Next Year2.56%
Revenue Next 2Y4.01%
Revenue Next 3Y4.71%
Revenue Next 5Y4.11%
EBIT growth 1Y3.19%
EBIT growth 3Y-2.81%
EBIT growth 5Y22.96%
EBIT Next Year-8.73%
EBIT Next 3Y5.77%
EBIT Next 5Y3.2%
FCF growth 1Y145.91%
FCF growth 3Y34.42%
FCF growth 5Y31.99%
OCF growth 1Y99.41%
OCF growth 3Y21.29%
OCF growth 5Y24.64%