MOVADO GROUP INC (MOV)
US6245801062 - Common Stock
Taking everything into account, MOV scores 6 out of 10 in our fundamental rating. MOV was compared to 50 industry peers in the Textiles, Apparel & Luxury Goods industry. While MOV has a great health rating, its profitability is only average at the moment. MOV has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
MOV had positive earnings in the past year.
In the past year MOV had a positive cash flow from operations.
Of the past 5 years MOV 4 years were profitable.
Each year in the past 5 years MOV had a positive operating cash flow.
1.2 Ratios
The Return On Assets of MOV (4.76%) is better than 66.00% of its industry peers.
MOV's Return On Equity of 7.17% is in line compared to the rest of the industry. MOV outperforms 60.00% of its industry peers.
Looking at the Return On Invested Capital, with a value of 5.01%, MOV is in line with its industry, outperforming 46.00% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for MOV is in line with the industry average of 11.70%.
The last Return On Invested Capital (5.01%) for MOV is well below the 3 year average (12.23%), which needs to be investigated, but indicates that MOV had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.76% | ||
| ROE | 7.17% | ||
| ROIC | 5.01% |
ROA(3y)10.03%
ROA(5y)3.93%
ROE(3y)15.68%
ROE(5y)5.78%
ROIC(3y)12.23%
ROIC(5y)8.97%
1.3 Margins
MOV has a Profit Margin of 5.45%. This is in the better half of the industry: MOV outperforms 66.00% of its industry peers.
MOV's Profit Margin has declined in the last couple of years.
With a Operating Margin value of 6.11%, MOV perfoms like the industry average, outperforming 52.00% of the companies in the same industry.
MOV's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 54.42%, MOV is in the better half of the industry, outperforming 66.00% of the companies in the same industry.
MOV's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.11% | ||
| PM (TTM) | 5.45% | ||
| GM | 54.42% |
OM growth 3Y15.98%
OM growth 5Y-2.33%
PM growth 3YN/A
PM growth 5Y-5.19%
GM growth 3Y0.93%
GM growth 5Y0.26%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so MOV is still creating some value.
Compared to 1 year ago, MOV has more shares outstanding
MOV has less shares outstanding than it did 5 years ago.
MOV has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
MOV has an Altman-Z score of 3.56. This indicates that MOV is financially healthy and has little risk of bankruptcy at the moment.
MOV has a Altman-Z score of 3.56. This is in the better half of the industry: MOV outperforms 72.00% of its industry peers.
There is no outstanding debt for MOV. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 3.56 |
ROIC/WACC0.54
WACC9.21%
2.3 Liquidity
MOV has a Current Ratio of 4.41. This indicates that MOV is financially healthy and has no problem in meeting its short term obligations.
MOV's Current ratio of 4.41 is amongst the best of the industry. MOV outperforms 94.00% of its industry peers.
MOV has a Quick Ratio of 2.92. This indicates that MOV is financially healthy and has no problem in meeting its short term obligations.
MOV's Quick ratio of 2.92 is amongst the best of the industry. MOV outperforms 94.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.41 | ||
| Quick Ratio | 2.92 |
3. Growth
3.1 Past
The earnings per share for MOV have decreased strongly by -53.64% in the last year.
The Earnings Per Share has been decreasing by -4.42% on average over the past years.
The Revenue for MOV has decreased by -10.55% in the past year. This is quite bad
Measured over the past years, MOV shows a decrease in Revenue. The Revenue has been decreasing by -0.21% on average per year.
EPS 1Y (TTM)-53.64%
EPS 3Y32.77%
EPS 5Y-4.42%
EPS Q2Q%-51.95%
Revenue 1Y (TTM)-10.55%
Revenue growth 3Y9.92%
Revenue growth 5Y-0.21%
Sales Q2Q%-2.64%
3.2 Future
MOV is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.75% yearly.
The Revenue is expected to grow by 2.13% on average over the next years.
EPS Next Y-56.85%
EPS Next 2Y9.75%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-0.67%
Revenue Next 2Y2.13%
Revenue Next 3YN/A
Revenue Next 5YN/A
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 accelerating.
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 16.37, the valuation of MOV can be described as correct.
Based on the Price/Earnings ratio, MOV is valued a bit cheaper than the industry average as 66.00% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of MOV to the average of the S&P500 Index (27.73), we can say MOV is valued slightly cheaper.
MOV is valuated cheaply with a Price/Forward Earnings ratio of 7.72.
MOV's Price/Forward Earnings ratio is rather cheap when compared to the industry. MOV is cheaper than 98.00% of the companies in the same industry.
MOV is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.83, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.37 | ||
| Fwd PE | 7.72 |
4.2 Price Multiples
96.00% of the companies in the same industry are more expensive than MOV, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of MOV is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.27 | ||
| EV/EBITDA | 4.73 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y9.75%
EPS Next 3YN/A
5. Dividend
5.1 Amount
MOV has a Yearly Dividend Yield of 6.68%, which is a nice return.
Compared to an average industry Dividend Yield of 2.81, MOV pays a better dividend. On top of this MOV pays more dividend than 98.00% of the companies listed in the same industry.
MOV's Dividend Yield is rather good when compared to the S&P500 average which is at 2.24.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.68% |
5.2 History
The dividend of MOV is nicely growing with an annual growth rate of 35.88%!
MOV has paid a dividend for at least 10 years, which is a reliable track record.
The dividend of MOV decreased in the last 3 years.
Dividend Growth(5Y)35.88%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
85.74% of the earnings are spent on dividend by MOV. This is not a sustainable payout ratio.
The dividend of MOV is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP85.74%
EPS Next 2Y9.75%
EPS Next 3YN/A
MOVADO GROUP INC
NYSE:MOV (12/20/2024, 8:25:20 PM)
After market: 19.81 0 (0%)19.81
+0.24 (+1.23%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryTextiles, Apparel & Luxury Goods
Earnings (Last)
Earnings (Next)
Inst Owners63.9%
Inst Owner Change-5.78%
Ins Owners4.5%
Ins Owner Change-0.13%
Market Cap438.59M
Analysts80
Price Target38.76 (95.66%)
Short Float %5.07%
Short Ratio4.08
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.68% |
Dividend Growth(5Y)35.88%
DP85.74%
Div Incr Years2
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-4.68%
Min EPS beat(2)-16.62%
Max EPS beat(2)7.26%
EPS beat(4)3
Avg EPS beat(4)9.79%
Min EPS beat(4)-16.62%
Max EPS beat(4)39.63%
EPS beat(8)7
Avg EPS beat(8)17.42%
EPS beat(12)11
Avg EPS beat(12)30.21%
EPS beat(16)15
Avg EPS beat(16)79.73%
Revenue beat(2)1
Avg Revenue beat(2)-1%
Min Revenue beat(2)-6.81%
Max Revenue beat(2)4.8%
Revenue beat(4)2
Avg Revenue beat(4)-1.12%
Min Revenue beat(4)-6.81%
Max Revenue beat(4)4.8%
Revenue beat(8)3
Avg Revenue beat(8)-1.8%
Revenue beat(12)6
Avg Revenue beat(12)0.58%
Revenue beat(16)9
Avg Revenue beat(16)4.09%
PT rev (1m)0%
PT rev (3m)-7.32%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-33.33%
EPS NY rev (1m)0%
EPS NY rev (3m)-27.78%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-10.23%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-5.45%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.37 | ||
| Fwd PE | 7.72 | ||
| P/S | 0.66 | ||
| P/FCF | 18.27 | ||
| P/OCF | 13.85 | ||
| P/B | 0.87 | ||
| P/tB | 0.88 | ||
| EV/EBITDA | 4.73 |
EPS(TTM)1.21
EY6.11%
EPS(NY)2.57
Fwd EY12.95%
FCF(TTM)1.08
FCFY5.47%
OCF(TTM)1.43
OCFY7.22%
SpS29.96
BVpS22.77
TBVpS22.47
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.76% | ||
| ROE | 7.17% | ||
| ROCE | 6.33% | ||
| ROIC | 5.01% | ||
| ROICexc | 7.26% | ||
| ROICexgc | 7.37% | ||
| OM | 6.11% | ||
| PM (TTM) | 5.45% | ||
| GM | 54.42% | ||
| FCFM | 3.62% |
ROA(3y)10.03%
ROA(5y)3.93%
ROE(3y)15.68%
ROE(5y)5.78%
ROIC(3y)12.23%
ROIC(5y)8.97%
ROICexc(3y)21.09%
ROICexc(5y)15.02%
ROICexgc(3y)21.75%
ROICexgc(5y)16.07%
ROCE(3y)15.42%
ROCE(5y)11.31%
ROICexcg growth 3Y23.43%
ROICexcg growth 5Y-9.09%
ROICexc growth 3Y24.6%
ROICexc growth 5Y0.41%
OM growth 3Y15.98%
OM growth 5Y-2.33%
PM growth 3YN/A
PM growth 5Y-5.19%
GM growth 3Y0.93%
GM growth 5Y0.26%
F-Score5
Asset Turnover0.87
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 83.05% | ||
| Cap/Sales | 1.16% | ||
| Interest Coverage | 135 | ||
| Cash Conversion | 63.69% | ||
| Profit Quality | 66.41% | ||
| Current Ratio | 4.41 | ||
| Quick Ratio | 2.92 | ||
| Altman-Z | 3.56 |
F-Score5
WACC9.21%
ROIC/WACC0.54
Cap/Depr(3y)67.18%
Cap/Depr(5y)60.7%
Cap/Sales(3y)1.01%
Cap/Sales(5y)1.1%
Profit Quality(3y)110.85%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-53.64%
EPS 3Y32.77%
EPS 5Y-4.42%
EPS Q2Q%-51.95%
EPS Next Y-56.85%
EPS Next 2Y9.75%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-10.55%
Revenue growth 3Y9.92%
Revenue growth 5Y-0.21%
Sales Q2Q%-2.64%
Revenue Next Year-0.67%
Revenue Next 2Y2.13%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-52.3%
EBIT growth 3Y27.49%
EBIT growth 5Y-2.54%
EBIT Next Year-7.48%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-68.29%
FCF growth 3Y1.62%
FCF growth 5Y-1.85%
OCF growth 1Y-61.71%
OCF growth 3Y3.93%
OCF growth 5Y-2.29%