CROCS INC (CROX) Stock Fundamental Analysis
USA - NASDAQ:CROX - US2270461096 - Common Stock
80.32 USD
-0.05 (-0.06%)
80.2607 USD
-0.06 (-0.07%)
Taking everything into account, CROX scores 7 out of 10 in our fundamental rating. CROX was compared to 49 industry peers in the Textiles, Apparel & Luxury Goods industry. CROX gets an excellent profitability rating and is at the same time showing great financial health properties. A decent growth rate in combination with a cheap valuation! Better keep an eye on CROX. This makes CROX very considerable for value and quality investing!
1. Profitability
1.1 Basic Checks
CROX had positive earnings in the past year.
CROX had a positive operating cash flow in the past year.
CROX had positive earnings in each of the past 5 years.
CROX had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
CROX has a Return On Assets of 5.31%. This is in the better half of the industry: CROX outperforms 67.35% of its industry peers.
With a decent Return On Equity value of 16.64%, CROX is doing good in the industry, outperforming 71.43% of the companies in the same industry.
CROX has a Return On Invested Capital of 24.29%. This is amongst the best in the industry. CROX outperforms 93.88% of its industry peers.
CROX had an Average Return On Invested Capital over the past 3 years of 22.59%. This is significantly above the industry average of 12.08%.
The last Return On Invested Capital (24.29%) for CROX is above the 3 year average (22.59%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.31% | ||
| ROE | 16.64% | ||
| ROIC | 24.29% |
ROA(3y)16.27%
ROA(5y)24.75%
ROE(3y)57.44%
ROE(5y)1085.36%
ROIC(3y)22.59%
ROIC(5y)29.82%
1.3 Margins
With a decent Profit Margin value of 5.72%, CROX is doing good in the industry, outperforming 73.47% of the companies in the same industry.
CROX's Profit Margin has improved in the last couple of years.
CROX has a better Operating Margin (24.24%) than 97.96% of its industry peers.
In the last couple of years the Operating Margin of CROX has grown nicely.
Looking at the Gross Margin, with a value of 59.36%, CROX is in the better half of the industry, outperforming 79.59% of the companies in the same industry.
In the last couple of years the Gross Margin of CROX has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 24.24% | ||
| PM (TTM) | 5.72% | ||
| GM | 59.36% |
OM growth 3Y-5.12%
OM growth 5Y19.52%
PM growth 3Y-9.62%
PM growth 5Y18.99%
GM growth 3Y-1.45%
GM growth 5Y3.22%
2. Health
2.1 Basic Checks
CROX has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
The number of shares outstanding for CROX has been reduced compared to 1 year ago.
CROX has less shares outstanding than it did 5 years ago.
The debt/assets ratio for CROX has been reduced compared to a year ago.
2.2 Solvency
CROX has an Altman-Z score of 3.66. This indicates that CROX is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of CROX (3.66) is better than 69.39% of its industry peers.
CROX has a debt to FCF ratio of 1.79. This is a very positive value and a sign of high solvency as it would only need 1.79 years to pay back of all of its debts.
With an excellent Debt to FCF ratio value of 1.79, CROX belongs to the best of the industry, outperforming 85.71% of the companies in the same industry.
A Debt/Equity ratio of 0.97 indicates that CROX is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.97, CROX is doing worse than 71.43% of the companies in the same industry.
Although CROX does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.97 | ||
| Debt/FCF | 1.79 | ||
| Altman-Z | 3.66 |
ROIC/WACC2.27
WACC10.71%
2.3 Liquidity
CROX has a Current Ratio of 1.54. This is a normal value and indicates that CROX is financially healthy and should not expect problems in meeting its short term obligations.
CROX has a Current ratio of 1.54. This is in the lower half of the industry: CROX underperforms 67.35% of its industry peers.
A Quick Ratio of 0.97 indicates that CROX may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.97, CROX is in line with its industry, outperforming 42.86% of the companies in the same industry.
CROX does not score too well on the current and quick ratio evaluation. However, as it has excellent solvency and profitability, these ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.54 | ||
| Quick Ratio | 0.97 |
3. Growth
3.1 Past
CROX shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 3.81%.
The Earnings Per Share has been growing by 51.64% on average over the past years. This is a very strong growth
CROX shows a small growth in Revenue. In the last year, the Revenue has grown by 2.04%.
The Revenue has been growing by 27.23% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)3.81%
EPS 3Y16.39%
EPS 5Y51.64%
EPS Q2Q%5.49%
Revenue 1Y (TTM)2.04%
Revenue growth 3Y21.04%
Revenue growth 5Y27.23%
Sales Q2Q%3.41%
3.2 Future
CROX is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 2.84% yearly.
CROX is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.29% yearly.
EPS Next Y-8.29%
EPS Next 2Y-3.97%
EPS Next 3Y-4.15%
EPS Next 5Y2.84%
Revenue Next Year-2.41%
Revenue Next 2Y-0.79%
Revenue Next 3Y-0.08%
Revenue Next 5Y2.29%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 6.02, the valuation of CROX can be described as very cheap.
97.96% of the companies in the same industry are more expensive than CROX, based on the Price/Earnings ratio.
CROX's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.38.
A Price/Forward Earnings ratio of 6.62 indicates a rather cheap valuation of CROX.
Based on the Price/Forward Earnings ratio, CROX is valued cheaper than 100.00% of the companies in the same industry.
CROX's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.86.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.02 | ||
| Fwd PE | 6.62 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CROX is valued cheaper than 93.88% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, CROX is valued cheaply inside the industry as 93.88% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.71 | ||
| EV/EBITDA | 5.17 |
4.3 Compensation for Growth
CROX has an outstanding profitability rating, which may justify a higher PE ratio.
A cheap valuation may be justified as CROX's earnings are expected to decrease with -4.15% in the coming years.
PEG (NY)N/A
PEG (5Y)0.12
EPS Next 2Y-3.97%
EPS Next 3Y-4.15%
5. Dividend
5.1 Amount
No dividends for CROX!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
80.32
-0.05 (-0.06%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryTextiles, Apparel & Luxury Goods
Earnings (Last)
Earnings (Next)
Inst Owners101.38%
Inst Owner Change-3.38%
Ins Owners2.52%
Ins Owner Change0.35%
Market Cap4.39B
Analysts75.45
Price Target93.11 (15.92%)
Short Float %12.16%
Short Ratio3.14
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)10.97%
Min EPS beat(2)3.5%
Max EPS beat(2)18.44%
EPS beat(4)4
Avg EPS beat(4)11.28%
Min EPS beat(4)3.5%
Max EPS beat(4)18.44%
EPS beat(8)8
Avg EPS beat(8)12.22%
EPS beat(12)12
Avg EPS beat(12)13.45%
EPS beat(16)16
Avg EPS beat(16)15.25%
Revenue beat(2)1
Avg Revenue beat(2)0.02%
Min Revenue beat(2)-1.17%
Max Revenue beat(2)1.22%
Revenue beat(4)2
Avg Revenue beat(4)0.03%
Min Revenue beat(4)-1.17%
Max Revenue beat(4)1.22%
Revenue beat(8)3
Avg Revenue beat(8)0.14%
Revenue beat(12)6
Avg Revenue beat(12)0.35%
Revenue beat(16)9
Avg Revenue beat(16)0.5%
PT rev (1m)-26.46%
PT rev (3m)-28.61%
EPS NQ rev (1m)-11.49%
EPS NQ rev (3m)-36.47%
EPS NY rev (1m)-6.26%
EPS NY rev (3m)-7.98%
Revenue NQ rev (1m)-2.15%
Revenue NQ rev (3m)-12.38%
Revenue NY rev (1m)-3.98%
Revenue NY rev (3m)-4.05%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.02 | ||
| Fwd PE | 6.62 | ||
| P/S | 1.06 | ||
| P/FCF | 5.71 | ||
| P/OCF | 5.24 | ||
| P/B | 3.09 | ||
| P/tB | N/A | ||
| EV/EBITDA | 5.17 |
EPS(TTM)13.35
EY16.62%
EPS(NY)12.13
Fwd EY15.1%
FCF(TTM)14.08
FCFY17.53%
OCF(TTM)15.33
OCFY19.09%
SpS75.77
BVpS26.02
TBVpS-5.84
PEG (NY)N/A
PEG (5Y)0.12
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.31% | ||
| ROE | 16.64% | ||
| ROCE | 26.86% | ||
| ROIC | 24.29% | ||
| ROICexc | 25.67% | ||
| ROICexgc | 50.56% | ||
| OM | 24.24% | ||
| PM (TTM) | 5.72% | ||
| GM | 59.36% | ||
| FCFM | 18.58% |
ROA(3y)16.27%
ROA(5y)24.75%
ROE(3y)57.44%
ROE(5y)1085.36%
ROIC(3y)22.59%
ROIC(5y)29.82%
ROICexc(3y)23.62%
ROICexc(5y)33.95%
ROICexgc(3y)69.79%
ROICexgc(5y)62.49%
ROCE(3y)24.97%
ROCE(5y)32.97%
ROICexcg growth 3Y-0.46%
ROICexcg growth 5Y13.47%
ROICexc growth 3Y-28.38%
ROICexc growth 5Y-4.85%
OM growth 3Y-5.12%
OM growth 5Y19.52%
PM growth 3Y-9.62%
PM growth 5Y18.99%
GM growth 3Y-1.45%
GM growth 5Y3.22%
F-Score8
Asset Turnover0.93
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.97 | ||
| Debt/FCF | 1.79 | ||
| Debt/EBITDA | 1.28 | ||
| Cap/Depr | 92.37% | ||
| Cap/Sales | 1.65% | ||
| Interest Coverage | 11.92 | ||
| Cash Conversion | 77.72% | ||
| Profit Quality | 325.08% | ||
| Current Ratio | 1.54 | ||
| Quick Ratio | 0.97 | ||
| Altman-Z | 3.66 |
F-Score8
WACC10.71%
ROIC/WACC2.27
Cap/Depr(3y)1933.24%
Cap/Depr(5y)1225.32%
Cap/Sales(3y)21.71%
Cap/Sales(5y)14.11%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)3.81%
EPS 3Y16.39%
EPS 5Y51.64%
EPS Q2Q%5.49%
EPS Next Y-8.29%
EPS Next 2Y-3.97%
EPS Next 3Y-4.15%
EPS Next 5Y2.84%
Revenue 1Y (TTM)2.04%
Revenue growth 3Y21.04%
Revenue growth 5Y27.23%
Sales Q2Q%3.41%
Revenue Next Year-2.41%
Revenue Next 2Y-0.79%
Revenue Next 3Y-0.08%
Revenue Next 5Y2.29%
EBIT growth 1Y-6.14%
EBIT growth 3Y14.85%
EBIT growth 5Y52.06%
EBIT Next Year-1.52%
EBIT Next 3Y-1.8%
EBIT Next 5Y3.43%
FCF growth 1Y3.44%
FCF growth 3Y21.77%
FCF growth 5Y76.83%
OCF growth 1Y-1.37%
OCF growth 3Y20.5%
OCF growth 5Y61.62%