CALERES INC (CAL) Fundamental Analysis & Valuation

NYSE:CAL • US1295001044

10.09 USD
-0.51 (-4.81%)
Last: Mar 9, 2026, 05:38 PM
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This CAL fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to CAL. CAL was compared to 124 industry peers in the Specialty Retail industry. While CAL is still in line with the averages on profitability rating, there are concerns on its financial health. CAL is valued quite cheap, but it does not seem to be growing. Finally CAL also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

6

1. CAL Profitability Analysis

1.1 Basic Checks

  • CAL had positive earnings in the past year.
  • In the past year CAL had a positive cash flow from operations.
  • Of the past 5 years CAL 4 years were profitable.
  • Each year in the past 5 years CAL had a positive operating cash flow.
CAL Yearly Net Income VS EBIT VS OCF VS FCFCAL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M -400M

1.2 Ratios

  • The Return On Assets of CAL (0.97%) is comparable to the rest of the industry.
  • CAL has a Return On Equity of 3.28%. This is comparable to the rest of the industry: CAL outperforms 58.06% of its industry peers.
  • CAL has a Return On Invested Capital of 3.57%. This is comparable to the rest of the industry: CAL outperforms 54.03% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for CAL is in line with the industry average of 13.59%.
  • The last Return On Invested Capital (3.57%) 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 RankSector Rank
ROA 0.97%
ROE 3.28%
ROIC 3.57%
ROA(3y)8%
ROA(5y)1.53%
ROE(3y)29.28%
ROE(5y)-18.01%
ROIC(3y)13.19%
ROIC(5y)N/A
CAL Yearly ROA, ROE, ROICCAL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -50 -100 -150 -200

1.3 Margins

  • Looking at the Profit Margin, with a value of 0.75%, CAL is in line with its industry, outperforming 52.42% of the companies in the same industry.
  • In the last couple of years the Profit Margin of CAL has grown nicely.
  • CAL has a Operating Margin (2.30%) which is in line with its industry peers.
  • CAL's Operating Margin has improved in the last couple of years.
  • CAL's Gross Margin of 43.28% is fine compared to the rest of the industry. CAL outperforms 64.52% of its industry peers.
  • In the last couple of years the Gross Margin of CAL has grown nicely.
Industry RankSector Rank
OM 2.3%
PM (TTM) 0.75%
GM 43.28%
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%
CAL Yearly Profit, Operating, Gross MarginsCAL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40

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3

2. CAL Health Analysis

2.1 Basic Checks

  • CAL 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 CAL has been reduced compared to 1 year ago.
  • The number of shares outstanding for CAL has been reduced compared to 5 years ago.
  • The debt/assets ratio for CAL is higher compared to a year ago.
CAL Yearly Shares OutstandingCAL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M 40M
CAL Yearly Total Debt VS Total AssetsCAL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B

2.2 Solvency

  • An Altman-Z score of 1.88 indicates that CAL is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • With a Altman-Z score value of 1.88, CAL perfoms like the industry average, outperforming 47.58% of the companies in the same industry.
  • The Debt to FCF ratio of CAL is 32.29, which is on the high side as it means it would take CAL, 32.29 years of fcf income to pay off all of its debts.
  • CAL has a Debt to FCF ratio (32.29) which is in line with its industry peers.
  • CAL has a Debt/Equity ratio of 0.58. This is a neutral value indicating CAL is somewhat dependend on debt financing.
  • CAL has a Debt to Equity ratio (0.58) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.58
Debt/FCF 32.29
Altman-Z 1.88
ROIC/WACC0.36
WACC9.95%
CAL Yearly LT Debt VS Equity VS FCFCAL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M

2.3 Liquidity

  • CAL has a Current Ratio of 1.06. This is a normal value and indicates that CAL is financially healthy and should not expect problems in meeting its short term obligations.
  • CAL has a worse Current ratio (1.06) than 70.16% of its industry peers.
  • A Quick Ratio of 0.33 indicates that CAL may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.33, CAL is doing worse than 67.74% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.06
Quick Ratio 0.33
CAL Yearly Current Assets VS Current LiabilitesCAL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

2

3. CAL Growth Analysis

3.1 Past

  • The earnings per share for CAL have decreased strongly by -58.90% 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.
  • The Revenue for CAL has decreased by -21.45% in the past year. This is quite bad
  • CAL shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -1.40% yearly.
EPS 1Y (TTM)-58.9%
EPS 3Y-8.47%
EPS 5Y9.39%
EPS Q2Q%-45.53%
Revenue 1Y (TTM)-21.45%
Revenue growth 3Y-0.66%
Revenue growth 5Y-1.4%
Sales Q2Q%6.63%

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.
  • Based on estimates for the next years, CAL will show a decrease in Revenue. The Revenue will decrease by -0.04% on average per year.
EPS Next Y-83.12%
EPS Next 2Y-28.4%
EPS Next 3Y-7.96%
EPS Next 5Y2.08%
Revenue Next Year0.22%
Revenue Next 2Y2.9%
Revenue Next 3Y3.46%
Revenue Next 5Y-0.04%

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.
CAL Yearly Revenue VS EstimatesCAL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 1B 2B 3B
CAL Yearly EPS VS EstimatesCAL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 2 4

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7

4. CAL Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 6.43, the valuation of CAL can be described as very cheap.
  • Based on the Price/Earnings ratio, CAL is valued cheaply inside the industry as 95.97% of the companies are valued more expensively.
  • When comparing the Price/Earnings ratio of CAL to the average of the S&P500 Index (26.29), we can say CAL is valued rather cheaply.
  • CAL is valuated cheaply with a Price/Forward Earnings ratio of 5.98.
  • Based on the Price/Forward Earnings ratio, CAL is valued cheaply inside the industry as 96.77% of the companies are valued more expensively.
  • The average S&P500 Price/Forward Earnings ratio is at 24.60. CAL is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 6.43
Fwd PE 5.98
CAL Price Earnings VS Forward Price EarningsCAL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

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 95.16% of the companies listed in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of CAL is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 31.11
EV/EBITDA 2.62
CAL Per share dataCAL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60

4.3 Compensation for Growth

  • The decent profitability rating of CAL may justify a higher PE ratio.
  • CAL's earnings are expected to decrease with -7.96% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.68
EPS Next 2Y-28.4%
EPS Next 3Y-7.96%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

7

5. CAL Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 2.48%, CAL has a reasonable but not impressive dividend return.
  • In the last 3 months the price of CAL has falen by -24.14%. 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 2.32, CAL pays a better dividend. On top of this CAL pays more dividend than 81.45% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.82, CAL pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 2.48%

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 its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)0.25%
Div Incr Years0
Div Non Decr Years26
CAL Yearly Dividends per shareCAL Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.05 0.1 0.15 0.2 0.25

5.3 Sustainability

  • 46.69% of the earnings are spent on dividend by CAL. This is a bit on the high side, but may be sustainable.
  • The dividend of CAL is growing, but earnings are growing more, so the dividend growth is sustainable.
DP46.69%
EPS Next 2Y-28.4%
EPS Next 3Y-7.96%
CAL Yearly Income VS Free CF VS DividendCAL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -200M -400M
CAL Dividend Payout.CAL Dividend Payout, showing the Payout Ratio.CAL Dividend Payout.PayoutRetained Earnings

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CAL Fundamentals: All Metrics, Ratios and Statistics

CALERES INC

NYSE:CAL (3/9/2026, 5:38:00 PM)

10.09

-0.51 (-4.81%)

Chartmill FA Rating
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustrySpecialty Retail
Earnings (Last)12-09
Earnings (Next)05-27
Inst Owners94.62%
Inst Owner Change5.13%
Ins Owners3.84%
Ins Owner Change0.64%
Market Cap342.05M
Revenue(TTM)2.70B
Net Income(TTM)20.25M
Analysts76.67
Price Target17.34 (71.85%)
Short Float %13.43%
Short Ratio6.86
Dividend
Industry RankSector Rank
Dividend Yield 2.48%
Yearly Dividend0.28
Dividend Growth(5Y)0.25%
DP46.69%
Div Incr Years0
Div Non Decr Years26
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-30.19%
Min EPS beat(2)-38.12%
Max EPS beat(2)-22.26%
EPS beat(4)1
Avg EPS beat(4)-16.84%
Min EPS beat(4)-40.32%
Max EPS beat(4)33.36%
EPS beat(8)1
Avg EPS beat(8)-14.13%
EPS beat(12)4
Avg EPS beat(12)-8%
EPS beat(16)8
Avg EPS beat(16)0.07%
Revenue beat(2)1
Avg Revenue beat(2)0.55%
Min Revenue beat(2)-0.68%
Max Revenue beat(2)1.77%
Revenue beat(4)1
Avg Revenue beat(4)-1.09%
Min Revenue beat(4)-3.21%
Max Revenue beat(4)1.77%
Revenue beat(8)1
Avg Revenue beat(8)-1.97%
Revenue beat(12)1
Avg Revenue beat(12)-2.24%
Revenue beat(16)3
Avg Revenue beat(16)-1.24%
PT rev (1m)0%
PT rev (3m)-10.53%
EPS NQ rev (1m)-5.5%
EPS NQ rev (3m)-240.24%
EPS NY rev (1m)-3.51%
EPS NY rev (3m)-68.15%
Revenue NQ rev (1m)-1.34%
Revenue NQ rev (3m)1.76%
Revenue NY rev (1m)-3.37%
Revenue NY rev (3m)0.32%
Valuation
Industry RankSector Rank
PE 6.43
Fwd PE 5.98
P/S 0.13
P/FCF 31.11
P/OCF 4.95
P/B 0.55
P/tB 0.83
EV/EBITDA 2.62
EPS(TTM)1.57
EY15.56%
EPS(NY)1.69
Fwd EY16.72%
FCF(TTM)0.32
FCFY3.21%
OCF(TTM)2.04
OCFY20.22%
SpS79.71
BVpS18.19
TBVpS12.2
PEG (NY)N/A
PEG (5Y)0.68
Graham Number25.35
Profitability
Industry RankSector Rank
ROA 0.97%
ROE 3.28%
ROCE 5.39%
ROIC 3.57%
ROICexc 3.65%
ROICexgc 4.24%
OM 2.3%
PM (TTM) 0.75%
GM 43.28%
FCFM 0.41%
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
ROICexgc growth 3Y-17.97%
ROICexgc 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-Score5
Asset Turnover1.3
Health
Industry RankSector Rank
Debt/Equity 0.58
Debt/FCF 32.29
Debt/EBITDA 2.86
Cap/Depr 93.84%
Cap/Sales 2.15%
Interest Coverage 250
Cash Conversion 55.67%
Profit Quality 54.29%
Current Ratio 1.06
Quick Ratio 0.33
Altman-Z 1.88
F-Score5
WACC9.95%
ROIC/WACC0.36
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)-58.9%
EPS 3Y-8.47%
EPS 5Y9.39%
EPS Q2Q%-45.53%
EPS Next Y-83.12%
EPS Next 2Y-28.4%
EPS Next 3Y-7.96%
EPS Next 5Y2.08%
Revenue 1Y (TTM)-21.45%
Revenue growth 3Y-0.66%
Revenue growth 5Y-1.4%
Sales Q2Q%6.63%
Revenue Next Year0.22%
Revenue Next 2Y2.9%
Revenue Next 3Y3.46%
Revenue Next 5Y-0.04%
EBIT growth 1Y-71.89%
EBIT growth 3Y-10.74%
EBIT growth 5Y5%
EBIT Next Year-35.91%
EBIT Next 3Y8.36%
EBIT Next 5Y6.27%
FCF growth 1Y-93.92%
FCF growth 3Y-28.44%
FCF growth 5Y-15.2%
OCF growth 1Y-70.79%
OCF growth 3Y-14.69%
OCF growth 5Y-9.35%

CALERES INC / CAL FAQ

Can you provide the ChartMill fundamental rating for CALERES INC?

ChartMill assigns a fundamental rating of 5 / 10 to CAL.


What is the valuation status for CAL stock?

ChartMill assigns a valuation rating of 7 / 10 to CALERES INC (CAL). This can be considered as Undervalued.


What is the profitability of CAL stock?

CALERES INC (CAL) has a profitability rating of 6 / 10.


Can you provide the financial health for CAL stock?

The financial health rating of CALERES INC (CAL) is 3 / 10.


What is the expected EPS growth for CALERES INC (CAL) stock?

The Earnings per Share (EPS) of CALERES INC (CAL) is expected to decline by -83.12% in the next year.