CALERES INC (CAL) Stock Fundamental Analysis
NYSE:CAL - New York Stock Exchange, Inc. - US1295001044 - Common Stock - Currency: USD
Taking everything into account, CAL scores 5 out of 10 in our fundamental rating. CAL was compared to 121 industry peers in the Specialty Retail industry. While CAL has a great profitability rating, 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.
1. Profitability
1.1 Basic Checks
CAL had positive earnings in the past year.
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
The Return On Assets of CAL (7.03%) is better than 76.03% of its industry peers.
CAL has a Return On Equity of 22.23%. This is amongst the best in the industry. CAL outperforms 80.17% of its industry peers.
Looking at the Return On Invested Capital, with a value of 12.90%, CAL belongs to the top of the industry, outperforming 80.99% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for CAL is in line with the industry average of 14.13%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.03% | ||
| ROE | 22.23% | ||
| ROIC | 12.9% |
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 3.94%. This is in the better half of the industry: CAL outperforms 73.55% of its industry peers.
In the last couple of years the Profit Margin of CAL has grown nicely.
Looking at the Operating Margin, with a value of 5.97%, CAL is in the better half of the industry, outperforming 71.07% of the companies in the same industry.
In the last couple of years the Operating Margin of CAL has grown nicely.
Looking at the Gross Margin, with a value of 45.27%, CAL is in the better half of the industry, outperforming 70.25% of the companies in the same industry.
In the last couple of years the Gross Margin of CAL has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 5.97% | ||
| PM (TTM) | 3.94% | ||
| GM | 45.27% |
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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), CAL is creating some value.
Compared to 1 year ago, CAL has less shares outstanding
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.
2.2 Solvency
CAL has an Altman-Z score of 2.75. 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 2.75, CAL is in the better half of the industry, outperforming 65.29% of the companies in the same industry.
The Debt to FCF ratio of CAL is 4.15, which is a neutral value as it means it would take CAL, 4.15 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of CAL (4.15) is better than 66.12% of its industry peers.
CAL has a Debt/Equity ratio of 0.37. This is a healthy value indicating a solid balance between debt and equity.
CAL's Debt to Equity ratio of 0.37 is in line compared to the rest of the industry. CAL outperforms 53.72% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.37 | ||
| Debt/FCF | 4.15 | ||
| Altman-Z | 2.75 |
ROIC/WACC1.38
WACC9.35%
2.3 Liquidity
A Current Ratio of 1.10 indicates that CAL should not have too much problems paying its short term obligations.
With a Current ratio value of 1.10, CAL is not doing good in the industry: 68.59% of the companies in the same industry are doing better.
CAL has a Quick Ratio of 1.10. This is a bad value and indicates that CAL is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.36, CAL is not doing good in the industry: 67.77% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.1 | ||
| Quick Ratio | 0.36 |
3. Growth
3.1 Past
CAL shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -21.29%.
Measured over the past years, CAL shows a quite strong growth in Earnings Per Share. The EPS has been growing by 9.39% on average per year.
Looking at the last year, CAL shows a very strong growth in Revenue. The Revenue has grown by 20.04%.
The Revenue has been decreasing by -1.40% on average over the past years.
EPS 1Y (TTM)-21.29%
EPS 3Y-8.47%
EPS 5Y9.39%
EPS Q2Q%-61.63%
Revenue 1Y (TTM)20.04%
Revenue growth 3Y-0.66%
Revenue growth 5Y-1.4%
Sales Q2Q%-8.31%
3.2 Future
Based on estimates for the next years, CAL will show a small growth in Earnings Per Share. The EPS will grow by 1.91% on average per year.
Based on estimates for the next years, CAL will show a small growth in Revenue. The Revenue will grow by 1.22% on average per year.
EPS Next Y-6.67%
EPS Next 2Y3.06%
EPS Next 3Y4.71%
EPS Next 5Y1.91%
Revenue Next Year-0.9%
Revenue Next 2Y1.09%
Revenue Next 3Y1.31%
Revenue Next 5Y1.22%
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
Based on the Price/Earnings ratio of 4.64, the valuation of CAL can be described as very cheap.
CAL's Price/Earnings ratio is rather cheap when compared to the industry. CAL is cheaper than 97.52% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 28.29, CAL is valued rather cheaply.
The Price/Forward Earnings ratio is 4.98, which indicates a rather cheap valuation of CAL.
Based on the Price/Forward Earnings ratio, CAL is valued cheaper than 96.69% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.32, CAL is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.64 | ||
| Fwd PE | 4.98 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CAL is valued cheaper than 96.69% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, CAL is valued a bit cheaper than 78.51% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.85 | ||
| EV/EBITDA | 1.9 |
4.3 Compensation for Growth
The decent profitability rating of CAL may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.49
EPS Next 2Y3.06%
EPS Next 3Y4.71%
5. Dividend
5.1 Amount
CAL has a Yearly Dividend Yield of 1.83%. Purely for dividend investing, there may be better candidates out there.
In the last 3 months the price of CAL has falen by -23.75%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
CAL's Dividend Yield is a higher than the industry average which is at 5.62.
Compared to the average S&P500 Dividend Yield of 2.51, CAL is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.83% |
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 Years25
5.3 Sustainability
CAL pays out 7.28% of its income as dividend. This is a sustainable payout ratio.
CAL's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP7.28%
EPS Next 2Y3.06%
EPS Next 3Y4.71%
15.28
+0.02 (+0.13%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustrySpecialty Retail
Earnings (Last)
Earnings (Next)
Inst Owners95.96%
Inst Owner Change0.24%
Ins Owners3.61%
Ins Owner Change7.64%
Market Cap520.90M
Analysts74.29
Price Target21.76 (42.41%)
Short Float %14.28%
Short Ratio6.19
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.83% |
Yearly Dividend0.28
Dividend Growth(5Y)0.25%
DP7.28%
Div Incr Years0
Div Non Decr Years25
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)11.62%
Min EPS beat(2)-10.12%
Max EPS beat(2)33.36%
EPS beat(4)1
Avg EPS beat(4)-3.01%
Min EPS beat(4)-31.02%
Max EPS beat(4)33.36%
EPS beat(8)4
Avg EPS beat(8)0.66%
EPS beat(12)7
Avg EPS beat(12)5.61%
EPS beat(16)11
Avg EPS beat(16)133.73%
Revenue beat(2)0
Avg Revenue beat(2)-2.78%
Min Revenue beat(2)-3.21%
Max Revenue beat(2)-2.36%
Revenue beat(4)0
Avg Revenue beat(4)-3.5%
Min Revenue beat(4)-6.53%
Max Revenue beat(4)-1.92%
Revenue beat(8)0
Avg Revenue beat(8)-3.21%
Revenue beat(12)2
Avg Revenue beat(12)-1.5%
Revenue beat(16)5
Avg Revenue beat(16)-0.06%
PT rev (1m)-8.57%
PT rev (3m)-36%
EPS NQ rev (1m)-59.72%
EPS NQ rev (3m)-61.18%
EPS NY rev (1m)-18.35%
EPS NY rev (3m)-20.7%
Revenue NQ rev (1m)-5.68%
Revenue NQ rev (3m)-6.61%
Revenue NY rev (1m)-2.41%
Revenue NY rev (3m)-2.69%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.64 | ||
| Fwd PE | 4.98 | ||
| P/S | 0.15 | ||
| P/FCF | 9.85 | ||
| P/OCF | 4.98 | ||
| P/B | 0.87 | ||
| P/tB | 1.32 | ||
| EV/EBITDA | 1.9 |
EPS(TTM)3.29
EY21.53%
EPS(NY)3.07
Fwd EY20.09%
FCF(TTM)1.55
FCFY10.15%
OCF(TTM)3.07
OCFY20.07%
SpS99.2
BVpS17.57
TBVpS11.53
PEG (NY)N/A
PEG (5Y)0.49
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.03% | ||
| ROE | 22.23% | ||
| ROCE | 17.76% | ||
| ROIC | 12.9% | ||
| ROICexc | 13.18% | ||
| ROICexgc | 15.61% | ||
| OM | 5.97% | ||
| PM (TTM) | 3.94% | ||
| GM | 45.27% | ||
| FCFM | 1.56% |
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-Score7
Asset Turnover1.78
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.37 | ||
| Debt/FCF | 4.15 | ||
| Debt/EBITDA | 0.85 | ||
| Cap/Depr | 91.6% | ||
| Cap/Sales | 1.53% | ||
| Interest Coverage | 15.53 | ||
| Cash Conversion | 40.48% | ||
| Profit Quality | 39.71% | ||
| Current Ratio | 1.1 | ||
| Quick Ratio | 0.36 | ||
| Altman-Z | 2.75 |
F-Score7
WACC9.35%
ROIC/WACC1.38
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)-21.29%
EPS 3Y-8.47%
EPS 5Y9.39%
EPS Q2Q%-61.63%
EPS Next Y-6.67%
EPS Next 2Y3.06%
EPS Next 3Y4.71%
EPS Next 5Y1.91%
Revenue 1Y (TTM)20.04%
Revenue growth 3Y-0.66%
Revenue growth 5Y-1.4%
Sales Q2Q%-8.31%
Revenue Next Year-0.9%
Revenue Next 2Y1.09%
Revenue Next 3Y1.31%
Revenue Next 5Y1.22%
EBIT growth 1Y0.32%
EBIT growth 3Y-10.74%
EBIT growth 5Y5%
EBIT Next Year31.28%
EBIT Next 3Y8.62%
EBIT Next 5Y6.72%
FCF growth 1Y-64.87%
FCF growth 3Y-28.44%
FCF growth 5Y-15.2%
OCF growth 1Y-47.76%
OCF growth 3Y-14.69%
OCF growth 5Y-9.35%