CALERES INC (CAL) Stock Fundamental Analysis
NYSE:CAL - New York Stock Exchange, Inc. - US1295001044 - Common Stock - Currency: USD
Taking everything into account, CAL scores 6 out of 10 in our fundamental rating. CAL was compared to 119 industry peers in the Specialty Retail industry. CAL scores excellent on profitability, but there are some minor concerns on its financial health. CAL scores decently on growth, while it is valued quite cheap. This could make an interesting combination. These ratings would make CAL suitable for value investing!
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.
CAL had positive earnings in 4 of the past 5 years.
Each year in the past 5 years CAL had a positive operating cash flow.
1.2 Ratios
CAL has a better Return On Assets (9.29%) than 84.48% of its industry peers.
The Return On Equity of CAL (30.37%) is better than 83.62% of its industry peers.
CAL's Return On Invested Capital of 14.26% is amongst the best of the industry. CAL outperforms 82.76% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for CAL is above the industry average of 12.39%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.29% | ||
| ROE | 30.37% | ||
| ROIC | 14.26% |
ROA(3y)8.57%
ROA(5y)0.94%
ROE(3y)37.34%
ROE(5y)-19.58%
ROIC(3y)16.15%
ROIC(5y)N/A
1.3 Margins
With a decent Profit Margin value of 5.28%, CAL is doing good in the industry, outperforming 77.59% of the companies in the same industry.
CAL's Operating Margin of 6.42% is fine compared to the rest of the industry. CAL outperforms 73.28% of its industry peers.
CAL's Operating Margin has improved in the last couple of years.
CAL has a Gross Margin of 45.40%. This is in the better half of the industry: CAL outperforms 71.55% of its industry peers.
In the last couple of years the Gross Margin of CAL has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.42% | ||
| PM (TTM) | 5.28% | ||
| GM | 45.4% |
OM growth 3YN/A
OM growth 5Y11.37%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y4.81%
GM growth 5Y1.91%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), CAL is creating some value.
The number of shares outstanding for CAL has been reduced compared to 1 year ago.
Compared to 5 years ago, CAL has less shares outstanding
CAL has a better debt/assets ratio than last year.
2.2 Solvency
CAL has an Altman-Z score of 2.77. This is not the best score and indicates that CAL is in the grey zone with still only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.77, CAL is in the better half of the industry, outperforming 62.07% of the companies in the same industry.
The Debt to FCF ratio of CAL is 3.60, which is a good value as it means it would take CAL, 3.60 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of CAL (3.60) is better than 68.97% of its industry peers.
CAL has a Debt/Equity ratio of 0.40. This is a healthy value indicating a solid balance between debt and equity.
CAL has a Debt to Equity ratio (0.40) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.4 | ||
| Debt/FCF | 3.6 | ||
| Altman-Z | 2.77 |
ROIC/WACC1.33
WACC10.74%
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.
CAL's Current ratio of 1.08 is on the low side compared to the rest of the industry. CAL is outperformed by 73.28% of its industry peers.
A Quick Ratio of 0.35 indicates that CAL may have some problems paying its short term obligations.
With a Quick ratio value of 0.35, CAL is not doing good in the industry: 62.07% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.08 | ||
| Quick Ratio | 0.35 |
3. Growth
3.1 Past
The earnings per share for CAL have decreased by -3.78% in the last year.
The Earnings Per Share has been growing by 13.59% on average over the past years. This is quite good.
Looking at the last year, CAL shows a very strong growth in Revenue. The Revenue has grown by 22.13%.
The Revenue has been decreasing by -0.12% on average over the past years.
EPS 1Y (TTM)-3.78%
EPS 3YN/A
EPS 5Y13.59%
EPS Q2Q%-10.22%
Revenue 1Y (TTM)22.13%
Revenue growth 3Y9.99%
Revenue growth 5Y-0.12%
Sales Q2Q%-2.75%
3.2 Future
CAL is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 0.67% yearly.
Based on estimates for the next years, CAL will show a small growth in Revenue. The Revenue will grow by 0.91% on average per year.
EPS Next Y-9.95%
EPS Next 2Y-3.76%
EPS Next 3Y2.35%
EPS Next 5Y0.67%
Revenue Next Year-3.02%
Revenue Next 2Y0.05%
Revenue Next 3Y0.99%
Revenue Next 5Y0.91%
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 accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 5.00, the valuation of CAL can be described as very cheap.
100.00% of the companies in the same industry are more expensive than CAL, based on the Price/Earnings ratio.
CAL is valuated cheaply when we compare the Price/Earnings ratio to 28.51, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 4.94, the valuation of CAL can be described as very cheap.
98.28% of the companies in the same industry are more expensive than CAL, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 93.88. CAL is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5 | ||
| Fwd PE | 4.94 |
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 100.00% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, CAL is valued cheaply inside the industry as 87.93% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.7 | ||
| EV/EBITDA | 2.19 |
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)0.37
EPS Next 2Y-3.76%
EPS Next 3Y2.35%
5. Dividend
5.1 Amount
CAL has a Yearly Dividend Yield of 1.39%.
In the last 3 months the price of CAL has falen by -35.16%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
Compared to an average industry Dividend Yield of 3.19, CAL pays a bit more dividend than its industry peers.
CAL's Dividend Yield is slightly below the S&P500 average, which is at 2.27.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.39% |
5.2 History
The dividend of CAL decreases each year by -0.22%.
CAL has paid a dividend for at least 10 years, which is a reliable track record.
CAL has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)-0.22%
Div Incr Years0
Div Non Decr Years25
5.3 Sustainability
CAL pays out 5.40% of its income as dividend. This is a sustainable payout ratio.
DP5.4%
EPS Next 2Y-3.76%
EPS Next 3Y2.35%
CALERES INC
NYSE:CAL (1/31/2025, 10:46:02 AM)
19.11
+0.04 (+0.21%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustrySpecialty Retail
Earnings (Last)
Earnings (Next)
Inst Owners91.07%
Inst Owner Change-4.78%
Ins Owners3.49%
Ins Owner Change-1.14%
Market Cap642.67M
Analysts74.29
Price Target34 (77.92%)
Short Float %7.03%
Short Ratio3.24
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.39% |
Yearly Dividend0.28
Dividend Growth(5Y)-0.22%
DP5.4%
Div Incr Years0
Div Non Decr Years25
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-20.57%
Min EPS beat(2)-31.02%
Max EPS beat(2)-10.12%
EPS beat(4)0
Avg EPS beat(4)-11.42%
Min EPS beat(4)-31.02%
Max EPS beat(4)-0.29%
EPS beat(8)3
Avg EPS beat(8)-3.59%
EPS beat(12)7
Avg EPS beat(12)5.7%
EPS beat(16)11
Avg EPS beat(16)139.75%
Revenue beat(2)0
Avg Revenue beat(2)-4.45%
Min Revenue beat(2)-6.53%
Max Revenue beat(2)-2.36%
Revenue beat(4)0
Avg Revenue beat(4)-2.85%
Min Revenue beat(4)-6.53%
Max Revenue beat(4)-0.59%
Revenue beat(8)0
Avg Revenue beat(8)-2.81%
Revenue beat(12)2
Avg Revenue beat(12)-1.29%
Revenue beat(16)6
Avg Revenue beat(16)0.25%
PT rev (1m)-9.09%
PT rev (3m)-9.09%
EPS NQ rev (1m)0%
EPS NQ rev (3m)13.86%
EPS NY rev (1m)0%
EPS NY rev (3m)-15.64%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-4.32%
Revenue NY rev (1m)-1.32%
Revenue NY rev (3m)-1.15%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5 | ||
| Fwd PE | 4.94 | ||
| P/S | 0.19 | ||
| P/FCF | 9.7 | ||
| P/OCF | 5.41 | ||
| P/B | 1.07 | ||
| P/tB | 1.59 | ||
| EV/EBITDA | 2.19 |
EPS(TTM)3.82
EY19.99%
EPS(NY)3.87
Fwd EY20.26%
FCF(TTM)1.97
FCFY10.31%
OCF(TTM)3.53
OCFY18.49%
SpS102.28
BVpS17.79
TBVpS11.99
PEG (NY)N/A
PEG (5Y)0.37
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.29% | ||
| ROE | 30.37% | ||
| ROCE | 19.22% | ||
| ROIC | 14.26% | ||
| ROICexc | 14.61% | ||
| ROICexgc | 17.07% | ||
| OM | 6.42% | ||
| PM (TTM) | 5.28% | ||
| GM | 45.4% | ||
| FCFM | 1.93% |
ROA(3y)8.57%
ROA(5y)0.94%
ROE(3y)37.34%
ROE(5y)-19.58%
ROIC(3y)16.15%
ROIC(5y)N/A
ROICexc(3y)16.56%
ROICexc(5y)N/A
ROICexgc(3y)20.48%
ROICexgc(5y)N/A
ROCE(3y)23.31%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y4.21%
ROICexc growth 3YN/A
ROICexc growth 5Y12.44%
OM growth 3YN/A
OM growth 5Y11.37%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y4.81%
GM growth 5Y1.91%
F-Score8
Asset Turnover1.76
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.4 | ||
| Debt/FCF | 3.6 | ||
| Debt/EBITDA | 0.86 | ||
| Cap/Depr | 92.96% | ||
| Cap/Sales | 1.53% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 42.81% | ||
| Profit Quality | 36.46% | ||
| Current Ratio | 1.08 | ||
| Quick Ratio | 0.35 | ||
| Altman-Z | 2.77 |
F-Score8
WACC10.74%
ROIC/WACC1.33
Cap/Depr(3y)89.91%
Cap/Depr(5y)76.58%
Cap/Sales(3y)1.6%
Cap/Sales(5y)1.51%
Profit Quality(3y)78.92%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-3.78%
EPS 3YN/A
EPS 5Y13.59%
EPS Q2Q%-10.22%
EPS Next Y-9.95%
EPS Next 2Y-3.76%
EPS Next 3Y2.35%
EPS Next 5Y0.67%
Revenue 1Y (TTM)22.13%
Revenue growth 3Y9.99%
Revenue growth 5Y-0.12%
Sales Q2Q%-2.75%
Revenue Next Year-3.02%
Revenue Next 2Y0.05%
Revenue Next 3Y0.99%
Revenue Next 5Y0.91%
EBIT growth 1Y13.97%
EBIT growth 3YN/A
EBIT growth 5Y11.24%
EBIT Next Year12.74%
EBIT Next 3Y7.77%
EBIT Next 5Y4.69%
FCF growth 1Y321.6%
FCF growth 3Y13.01%
FCF growth 5Y19.14%
OCF growth 1Y375.29%
OCF growth 3Y16.56%
OCF growth 5Y9.08%