CALERES INC (CAL) Stock Fundamental Analysis
USA - NYSE:CAL - US1295001044 - Common Stock
14.99 USD
-0.21 (-1.38%)
14.99 USD
0 (0%)
Overall CAL gets a fundamental rating of 5 out of 10. We evaluated CAL against 121 industry peers in the Specialty Retail industry. While CAL has a great profitability rating, there are quite some concerns on its financial health. CAL has a valuation in line with the averages, but on the other hand it scores bad on growth. CAL also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year CAL was profitable.
In the past year CAL had a positive cash flow from operations.
Of the past 5 years CAL 4 years were profitable.
CAL had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
CAL has a Return On Assets of 2.69%. This is comparable to the rest of the industry: CAL outperforms 59.50% of its industry peers.
Looking at the Return On Equity, with a value of 9.45%, CAL is in the better half of the industry, outperforming 67.77% of the companies in the same industry.
CAL's Return On Invested Capital of 5.78% is fine compared to the rest of the industry. CAL outperforms 61.16% of its industry peers.
CAL had an Average Return On Invested Capital over the past 3 years of 13.19%. This is in line with the industry average of 12.16%.
The last Return On Invested Capital (5.78%) for CAL is well below the 3 year average (13.19%), which needs to be investigated, but indicates that CAL had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.69% | ||
| ROE | 9.45% | ||
| ROIC | 5.78% |
ROA(3y)8%
ROA(5y)1.53%
ROE(3y)29.28%
ROE(5y)-18.01%
ROIC(3y)13.19%
ROIC(5y)N/A
1.3 Margins
CAL has a Profit Margin of 2.19%. This is in the better half of the industry: CAL outperforms 61.98% of its industry peers.
In the last couple of years the Profit Margin of CAL has grown nicely.
With a decent Operating Margin value of 3.84%, CAL is doing good in the industry, outperforming 61.98% of the companies in the same industry.
CAL's Operating Margin has improved in the last couple of years.
The Gross Margin of CAL (43.97%) is better than 68.59% of its industry peers.
CAL's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 3.84% | ||
| PM (TTM) | 2.19% | ||
| GM | 43.97% |
OM growth 3Y-10.14%
OM growth 5Y6.49%
PM growth 3Y-7.2%
PM growth 5Y12.79%
GM growth 3Y0.52%
GM growth 5Y2.06%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so CAL is still creating some value.
Compared to 1 year ago, CAL has less shares outstanding
Compared to 5 years ago, CAL has less shares outstanding
The debt/assets ratio for CAL is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 1.93 indicates that CAL is not a great score, but indicates only limited risk for bankruptcy at the moment.
CAL has a Altman-Z score of 1.93. This is comparable to the rest of the industry: CAL outperforms 44.63% of its industry peers.
A Debt/Equity ratio of 0.63 indicates that CAL is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.63, CAL perfoms like the industry average, outperforming 47.11% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.63 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.93 |
ROIC/WACC0.59
WACC9.85%
2.3 Liquidity
CAL has a Current Ratio of 1.08. This is a normal value and indicates that CAL is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of CAL (1.08) is worse than 70.25% of its industry peers.
A Quick Ratio of 0.40 indicates that CAL may have some problems paying its short term obligations.
The Quick ratio of CAL (0.40) is worse than 61.16% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.08 | ||
| Quick Ratio | 0.4 |
3. Growth
3.1 Past
The earnings per share for CAL have decreased strongly by -46.21% in the last year.
CAL shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 9.39% yearly.
Looking at the last year, CAL shows a very negative growth in Revenue. The Revenue has decreased by -23.34% in the last year.
CAL shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -1.40% yearly.
EPS 1Y (TTM)-46.21%
EPS 3Y-8.47%
EPS 5Y9.39%
EPS Q2Q%-58.82%
Revenue 1Y (TTM)-23.34%
Revenue growth 3Y-0.66%
Revenue growth 5Y-1.4%
Sales Q2Q%-3.63%
3.2 Future
CAL is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 2.08% yearly.
The Revenue is expected to decrease by -0.04% on average over the next years.
EPS Next Y-30.01%
EPS Next 2Y-6.13%
EPS Next 3Y-1.01%
EPS Next 5Y2.08%
Revenue Next Year-0.4%
Revenue Next 2Y2.67%
Revenue Next 3Y3.33%
Revenue Next 5Y-0.04%
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 accelerating.
4. Valuation
4.1 Price/Earnings Ratio
CAL is valuated cheaply with a Price/Earnings ratio of 7.04.
Based on the Price/Earnings ratio, CAL is valued cheaper than 95.87% of the companies in the same industry.
CAL's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.41.
A Price/Forward Earnings ratio of 5.17 indicates a rather cheap valuation of CAL.
Based on the Price/Forward Earnings ratio, CAL is valued cheaply inside the industry as 97.52% of the companies are valued more expensively.
CAL's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.88.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.04 | ||
| Fwd PE | 5.17 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CAL indicates a rather cheap valuation: CAL is cheaper than 98.35% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 2.01 |
4.3 Compensation for Growth
CAL has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.75
EPS Next 2Y-6.13%
EPS Next 3Y-1.01%
5. Dividend
5.1 Amount
CAL has a Yearly Dividend Yield of 1.78%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 5.22, CAL pays a better dividend. On top of this CAL pays more dividend than 81.82% of the companies listed in the same industry.
Compared to the average S&P500 Dividend Yield of 2.38, CAL is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.78% |
5.2 History
The dividend of CAL has a limited annual growth rate of 0.25%.
CAL has been paying a dividend for at least 10 years, so it has a reliable track record.
CAL has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)0.25%
Div Incr Years0
Div Non Decr Years26
5.3 Sustainability
CAL pays out 16.43% of its income as dividend. This is a sustainable payout ratio.
The dividend of CAL is growing, but earnings are growing more, so the dividend growth is sustainable.
DP16.43%
EPS Next 2Y-6.13%
EPS Next 3Y-1.01%
14.99
-0.21 (-1.38%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustrySpecialty Retail
Earnings (Last)
Earnings (Next)
Inst Owners101.56%
Inst Owner Change1.77%
Ins Owners3.93%
Ins Owner Change12.44%
Market Cap507.26M
Analysts76.67
Price Target19.38 (29.29%)
Short Float %17.12%
Short Ratio7.24
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.78% |
Yearly Dividend0.28
Dividend Growth(5Y)0.25%
DP16.43%
Div Incr Years0
Div Non Decr Years26
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-39.22%
Min EPS beat(2)-40.32%
Max EPS beat(2)-38.12%
EPS beat(4)1
Avg EPS beat(4)-13.8%
Min EPS beat(4)-40.32%
Max EPS beat(4)33.36%
EPS beat(8)2
Avg EPS beat(8)-10.73%
EPS beat(12)5
Avg EPS beat(12)-5.99%
EPS beat(16)9
Avg EPS beat(16)3.8%
Revenue beat(2)0
Avg Revenue beat(2)-1.46%
Min Revenue beat(2)-2.24%
Max Revenue beat(2)-0.68%
Revenue beat(4)0
Avg Revenue beat(4)-2.12%
Min Revenue beat(4)-3.21%
Max Revenue beat(4)-0.68%
Revenue beat(8)0
Avg Revenue beat(8)-2.51%
Revenue beat(12)1
Avg Revenue beat(12)-2.32%
Revenue beat(16)3
Avg Revenue beat(16)-1.16%
PT rev (1m)-2.56%
PT rev (3m)3.64%
EPS NQ rev (1m)-8.54%
EPS NQ rev (3m)-1.63%
EPS NY rev (1m)0%
EPS NY rev (3m)-25%
Revenue NQ rev (1m)4.89%
Revenue NQ rev (3m)5.56%
Revenue NY rev (1m)3.41%
Revenue NY rev (3m)1.81%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.04 | ||
| Fwd PE | 5.17 | ||
| P/S | 0.19 | ||
| P/FCF | N/A | ||
| P/OCF | 16.62 | ||
| P/B | 0.83 | ||
| P/tB | 1.19 | ||
| EV/EBITDA | 2.01 |
EPS(TTM)2.13
EY14.21%
EPS(NY)2.9
Fwd EY19.34%
FCF(TTM)-0.99
FCFYN/A
OCF(TTM)0.9
OCFY6.02%
SpS78.4
BVpS18.12
TBVpS12.6
PEG (NY)N/A
PEG (5Y)0.75
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.69% | ||
| ROE | 9.45% | ||
| ROCE | 8.95% | ||
| ROIC | 5.78% | ||
| ROICexc | 6.61% | ||
| ROICexgc | 7.69% | ||
| OM | 3.84% | ||
| PM (TTM) | 2.19% | ||
| GM | 43.97% | ||
| FCFM | N/A |
ROA(3y)8%
ROA(5y)1.53%
ROE(3y)29.28%
ROE(5y)-18.01%
ROIC(3y)13.19%
ROIC(5y)N/A
ROICexc(3y)13.49%
ROICexc(5y)N/A
ROICexgc(3y)16.41%
ROICexgc(5y)N/A
ROCE(3y)18.87%
ROCE(5y)N/A
ROICexcg growth 3Y-17.97%
ROICexcg growth 5Y7.88%
ROICexc growth 3Y-16.7%
ROICexc growth 5Y11.74%
OM growth 3Y-10.14%
OM growth 5Y6.49%
PM growth 3Y-7.2%
PM growth 5Y12.79%
GM growth 3Y0.52%
GM growth 5Y2.06%
F-Score4
Asset Turnover1.23
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.63 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 2.41 | ||
| Cap/Depr | 107.9% | ||
| Cap/Sales | 2.41% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 18.95% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.08 | ||
| Quick Ratio | 0.4 | ||
| Altman-Z | 1.93 |
F-Score4
WACC9.85%
ROIC/WACC0.59
Cap/Depr(3y)105.11%
Cap/Depr(5y)79.57%
Cap/Sales(3y)1.94%
Cap/Sales(5y)1.55%
Profit Quality(3y)59.52%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-46.21%
EPS 3Y-8.47%
EPS 5Y9.39%
EPS Q2Q%-58.82%
EPS Next Y-30.01%
EPS Next 2Y-6.13%
EPS Next 3Y-1.01%
EPS Next 5Y2.08%
Revenue 1Y (TTM)-23.34%
Revenue growth 3Y-0.66%
Revenue growth 5Y-1.4%
Sales Q2Q%-3.63%
Revenue Next Year-0.4%
Revenue Next 2Y2.67%
Revenue Next 3Y3.33%
Revenue Next 5Y-0.04%
EBIT growth 1Y-55.67%
EBIT growth 3Y-10.74%
EBIT growth 5Y5%
EBIT Next Year11.23%
EBIT Next 3Y3.94%
EBIT Next 5Y6.27%
FCF growth 1Y-120.44%
FCF growth 3Y-28.44%
FCF growth 5Y-15.2%
OCF growth 1Y-86.37%
OCF growth 3Y-14.69%
OCF growth 5Y-9.35%