YETI HOLDINGS INC (YETI) Stock Fundamental Analysis
NYSE:YETI - New York Stock Exchange, Inc. - US98585X1046 - Common Stock - Currency: USD
Overall YETI gets a fundamental rating of 7 out of 10. We evaluated YETI against 32 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 has a correct valuation and a medium growth rate. This makes YETI very considerable for quality investing!
1. Profitability
1.1 Basic Checks
YETI had positive earnings in the past year.
In the past year YETI had a positive cash flow from operations.
In the past 5 years YETI has always been profitable.
In the past 5 years YETI always reported a positive cash flow from operatings.
1.2 Ratios
With an excellent Return On Assets value of 14.25%, YETI belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
YETI's Return On Equity of 23.09% is amongst the best of the industry. YETI outperforms 90.63% of its industry peers.
With an excellent Return On Invested Capital value of 19.59%, YETI belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for YETI is significantly above the industry average of 7.78%.
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
YETI has a Profit Margin of 9.59%. This is amongst the best in the industry. YETI outperforms 93.75% of its industry peers.
YETI's Profit Margin has improved in the last couple of years.
YETI's Operating Margin of 13.30% is amongst the best of the industry. YETI outperforms 93.75% of its industry peers.
In the last couple of years the Operating Margin of YETI has grown nicely.
The Gross Margin of YETI (58.18%) is better than 90.63% 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 just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for YETI has been reduced compared to 1 year ago.
Compared to 5 years ago, YETI has less shares outstanding
The debt/assets ratio for YETI has been reduced compared to a year ago.
2.2 Solvency
YETI has an Altman-Z score of 7.08. This indicates that YETI is financially healthy and has little risk of bankruptcy at the moment.
YETI's Altman-Z score of 7.08 is amongst the best of the industry. YETI outperforms 87.50% of its industry peers.
The Debt to FCF ratio of YETI is 0.32, which is an excellent value as it means it would take YETI, only 0.32 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 0.32, YETI belongs to the top of the industry, outperforming 87.50% of the companies in the same industry.
A Debt/Equity ratio of 0.09 indicates that YETI is not too dependend on debt financing.
YETI has a Debt to Equity ratio of 0.09. This is comparable to the rest of the industry: YETI outperforms 56.25% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.09 | ||
| Debt/FCF | 0.32 | ||
| Altman-Z | 7.08 |
ROIC/WACC1.58
WACC12.44%
2.3 Liquidity
YETI has a Current Ratio of 2.58. This indicates that YETI is financially healthy and has no problem in meeting its short term obligations.
YETI has a better Current ratio (2.58) than 65.63% of its industry peers.
A Quick Ratio of 1.47 indicates that YETI should not have too much problems paying its short term obligations.
With a Quick ratio value of 1.47, YETI perfoms like the industry average, outperforming 59.38% of the companies in the same industry.
| 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.
The Earnings Per Share has been growing by 18.24% on average over the past years. This is quite good.
The Revenue has grown by 8.38% in the past year. This is quite good.
Measured over the past years, YETI shows a quite strong growth in Revenue. The Revenue has been growing by 14.90% on average per year.
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-24.98%
EPS Next 2Y-4.36%
EPS Next 3Y1.52%
EPS Next 5Y4.22%
Revenue Next Year2.56%
Revenue Next 2Y3.93%
Revenue Next 3Y4.48%
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.
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
Based on the Price/Earnings ratio of 13.21, the valuation of YETI can be described as correct.
90.63% of the companies in the same industry are more expensive than YETI, based on the Price/Earnings ratio.
YETI is valuated cheaply when we compare the Price/Earnings ratio to 26.82, which is the current average of the S&P500 Index.
YETI is valuated correctly with a Price/Forward Earnings ratio of 14.28.
Based on the Price/Forward Earnings ratio, YETI is valued a bit cheaper than the industry average as 75.00% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 36.21. YETI is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.21 | ||
| Fwd PE | 14.28 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, YETI is valued a bit cheaper than 68.75% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, YETI is valued a bit cheaper than 75.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.16 | ||
| EV/EBITDA | 9.49 |
4.3 Compensation for Growth
YETI has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.72
EPS Next 2Y-4.36%
EPS Next 3Y1.52%
5. Dividend
5.1 Amount
YETI does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
35.93
-0.81 (-2.2%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryLeisure Products
Earnings (Last)
Earnings (Next)
Inst Owners109.56%
Inst Owner Change1.57%
Ins Owners0.59%
Ins Owner Change17.31%
Market Cap2.98B
Analysts74.78
Price Target34.82 (-3.09%)
Short Float %9.82%
Short Ratio3.51
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)0.2%
PT rev (3m)-11.63%
EPS NQ rev (1m)1.29%
EPS NQ rev (3m)-26.67%
EPS NY rev (1m)1.06%
EPS NY rev (3m)-28.24%
Revenue NQ rev (1m)-0.01%
Revenue NQ rev (3m)-4.4%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-3.32%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.21 | ||
| Fwd PE | 14.28 | ||
| P/S | 1.62 | ||
| P/FCF | 12.16 | ||
| P/OCF | 10.45 | ||
| P/B | 3.89 | ||
| P/tB | 5.75 | ||
| EV/EBITDA | 9.49 |
EPS(TTM)2.72
EY7.57%
EPS(NY)2.52
Fwd EY7%
FCF(TTM)2.95
FCFY8.22%
OCF(TTM)3.44
OCFY9.57%
SpS22.21
BVpS9.23
TBVpS6.25
PEG (NY)N/A
PEG (5Y)0.72
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 | 7.08 |
F-Score7
WACC12.44%
ROIC/WACC1.58
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-24.98%
EPS Next 2Y-4.36%
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 2Y3.93%
Revenue Next 3Y4.48%
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%