YETI HOLDINGS INC (YETI) Stock Fundamental Analysis
NYSE:YETI - New York Stock Exchange, Inc. - US98585X1046 - Common Stock - Currency: USD
YETI gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 31 industry peers in the Leisure Products industry. Both the health and profitability get an excellent rating, making YETI a very profitable company, without any liquidiy or solvency issues. YETI may be a bit undervalued, certainly considering the very reasonable score on growth These ratings would make YETI suitable for value and quality investing!
1. Profitability
1.1 Basic Checks
In the past year YETI was profitable.
YETI had a positive operating cash flow in the past year.
YETI had positive earnings in each of the past 5 years.
YETI had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With an excellent Return On Assets value of 13.66%, YETI belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
YETI has a Return On Equity of 23.74%. This is amongst the best in the industry. YETI outperforms 90.32% of its industry peers.
YETI has a better Return On Invested Capital (20.67%) than 100.00% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for YETI is significantly above the industry average of 8.07%.
The last Return On Invested Capital (20.67%) for YETI is above the 3 year average (18.12%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.66% | ||
| ROE | 23.74% | ||
| ROIC | 20.67% |
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 (9.60%) is better than 93.55% of its industry peers.
In the last couple of years the Profit Margin of YETI has grown nicely.
Looking at the Operating Margin, with a value of 13.60%, YETI belongs to the top of the industry, outperforming 93.55% of the companies in the same industry.
YETI's Operating Margin has improved in the last couple of years.
With an excellent Gross Margin value of 58.11%, YETI belongs to the best of the industry, outperforming 90.32% of the companies in the same industry.
In the last couple of years the Gross Margin of YETI has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 13.6% | ||
| PM (TTM) | 9.6% | ||
| GM | 58.11% |
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.
Compared to 1 year ago, YETI has less shares outstanding
The number of shares outstanding for YETI has been reduced compared to 5 years ago.
The debt/assets ratio for YETI has been reduced compared to a year ago.
2.2 Solvency
YETI has an Altman-Z score of 5.76. This indicates that YETI is financially healthy and has little risk of bankruptcy at the moment.
YETI's Altman-Z score of 5.76 is amongst the best of the industry. YETI outperforms 87.10% of its industry peers.
The Debt to FCF ratio of YETI is 0.36, which is an excellent value as it means it would take YETI, only 0.36 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 0.36, YETI belongs to the best of the industry, outperforming 83.87% of the companies in the same industry.
A Debt/Equity ratio of 0.10 indicates that YETI is not too dependend on debt financing.
The Debt to Equity ratio of YETI (0.10) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.1 | ||
| Debt/FCF | 0.36 | ||
| Altman-Z | 5.76 |
ROIC/WACC2.3
WACC8.99%
2.3 Liquidity
A Current Ratio of 2.18 indicates that YETI has no problem at all paying its short term obligations.
The Current ratio of YETI (2.18) is comparable to the rest of the industry.
YETI has a Quick Ratio of 1.36. This is a normal value and indicates that YETI is financially healthy and should not expect problems in meeting its short term obligations.
With a Quick ratio value of 1.36, YETI perfoms like the industry average, outperforming 41.94% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.18 | ||
| Quick Ratio | 1.36 |
3. Growth
3.1 Past
YETI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 22.22%, which is quite impressive.
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.
The Revenue has grown by 10.31% in the past year. This is quite good.
The Revenue has been growing by 14.90% on average over the past years. This is quite good.
EPS 1Y (TTM)22.22%
EPS 3Y2.28%
EPS 5Y18.24%
EPS Q2Q%11.11%
Revenue 1Y (TTM)10.31%
Revenue growth 3Y9.05%
Revenue growth 5Y14.9%
Sales Q2Q%5.15%
3.2 Future
Based on estimates for the next years, YETI will show a small growth in Earnings Per Share. The EPS will grow by 6.82% on average per year.
The Revenue is expected to grow by 5.23% on average over the next years.
EPS Next Y4.54%
EPS Next 2Y6.08%
EPS Next 3Y6.25%
EPS Next 5Y6.82%
Revenue Next Year6.09%
Revenue Next 2Y6.09%
Revenue Next 3Y6.29%
Revenue Next 5Y5.23%
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
YETI is valuated reasonably with a Price/Earnings ratio of 10.38.
Compared to the rest of the industry, the Price/Earnings ratio of YETI indicates a rather cheap valuation: YETI is cheaper than 90.32% of the companies listed in the same industry.
YETI's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.88.
A Price/Forward Earnings ratio of 9.93 indicates a reasonable valuation of YETI.
YETI's Price/Forward Earnings ratio is rather cheap when compared to the industry. YETI is cheaper than 83.87% of the companies in the same industry.
YETI is valuated cheaply when we compare the Price/Forward Earnings ratio to 21.20, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.38 | ||
| Fwd PE | 9.93 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, YETI is valued cheaper than 83.87% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of YETI indicates a rather cheap valuation: YETI is cheaper than 83.87% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.77 | ||
| EV/EBITDA | 7.05 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates YETI does not grow enough to justify the current Price/Earnings ratio.
YETI has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)2.29
PEG (5Y)0.57
EPS Next 2Y6.08%
EPS Next 3Y6.25%
5. Dividend
5.1 Amount
No dividends for YETI!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
28.55
-0.13 (-0.45%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryLeisure Products
Earnings (Last)
Earnings (Next)
Inst Owners108.84%
Inst Owner Change1.42%
Ins Owners0.39%
Ins Owner Change12.16%
Market Cap2.36B
Analysts73.91
Price Target39.4 (38%)
Short Float %11.94%
Short Ratio4.96
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)5.11%
Min EPS beat(2)4.56%
Max EPS beat(2)5.65%
EPS beat(4)4
Avg EPS beat(4)13.44%
Min EPS beat(4)4.56%
Max EPS beat(4)35.78%
EPS beat(8)7
Avg EPS beat(8)10.03%
EPS beat(12)9
Avg EPS beat(12)6.25%
EPS beat(16)13
Avg EPS beat(16)11.01%
Revenue beat(2)0
Avg Revenue beat(2)-1.7%
Min Revenue beat(2)-2.93%
Max Revenue beat(2)-0.47%
Revenue beat(4)2
Avg Revenue beat(4)-0.64%
Min Revenue beat(4)-2.93%
Max Revenue beat(4)0.43%
Revenue beat(8)4
Avg Revenue beat(8)-0.7%
Revenue beat(12)5
Avg Revenue beat(12)-1.44%
Revenue beat(16)7
Avg Revenue beat(16)-0.17%
PT rev (1m)-12.09%
PT rev (3m)-15.34%
EPS NQ rev (1m)-0.26%
EPS NQ rev (3m)-27.3%
EPS NY rev (1m)-3.51%
EPS NY rev (3m)-2.66%
Revenue NQ rev (1m)-0.1%
Revenue NQ rev (3m)-5.13%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.1%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.38 | ||
| Fwd PE | 9.93 | ||
| P/S | 1.29 | ||
| P/FCF | 10.77 | ||
| P/OCF | 9.04 | ||
| P/B | 3.19 | ||
| P/tB | 4.77 | ||
| EV/EBITDA | 7.05 |
EPS(TTM)2.75
EY9.63%
EPS(NY)2.87
Fwd EY10.07%
FCF(TTM)2.65
FCFY9.29%
OCF(TTM)3.16
OCFY11.06%
SpS22.1
BVpS8.94
TBVpS5.99
PEG (NY)2.29
PEG (5Y)0.57
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.66% | ||
| ROE | 23.74% | ||
| ROCE | 27.45% | ||
| ROIC | 20.67% | ||
| ROICexc | 34.21% | ||
| ROICexgc | 61.81% | ||
| OM | 13.6% | ||
| PM (TTM) | 9.6% | ||
| GM | 58.11% | ||
| FCFM | 12% |
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-Score8
Asset Turnover1.42
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.1 | ||
| Debt/FCF | 0.36 | ||
| Debt/EBITDA | 0.25 | ||
| Cap/Depr | 86.91% | ||
| Cap/Sales | 2.29% | ||
| Interest Coverage | 42.86 | ||
| Cash Conversion | 88.02% | ||
| Profit Quality | 124.97% | ||
| Current Ratio | 2.18 | ||
| Quick Ratio | 1.36 | ||
| Altman-Z | 5.76 |
F-Score8
WACC8.99%
ROIC/WACC2.3
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)22.22%
EPS 3Y2.28%
EPS 5Y18.24%
EPS Q2Q%11.11%
EPS Next Y4.54%
EPS Next 2Y6.08%
EPS Next 3Y6.25%
EPS Next 5Y6.82%
Revenue 1Y (TTM)10.31%
Revenue growth 3Y9.05%
Revenue growth 5Y14.9%
Sales Q2Q%5.15%
Revenue Next Year6.09%
Revenue Next 2Y6.09%
Revenue Next 3Y6.29%
Revenue Next 5Y5.23%
EBIT growth 1Y9.9%
EBIT growth 3Y-2.81%
EBIT growth 5Y22.96%
EBIT Next Year24.22%
EBIT Next 3Y12.32%
EBIT Next 5Y6.94%
FCF growth 1Y-6.68%
FCF growth 3Y34.42%
FCF growth 5Y31.99%
OCF growth 1Y-8.59%
OCF growth 3Y21.29%
OCF growth 5Y24.64%