SHOE CARNIVAL INC (SCVL) Stock Fundamental Analysis
NASDAQ:SCVL - Nasdaq - US8248891090 - Common Stock - Currency: USD
We assign a fundamental rating of 7 out of 10 to SCVL. SCVL was compared to 121 industry peers in the Specialty Retail industry. Both the health and profitability get an excellent rating, making SCVL a very profitable company, without any liquidiy or solvency issues. SCVL is valued quite cheap, while showing a decent growth score. This is a good combination! SCVL also has an excellent dividend rating. These ratings could make SCVL a good candidate for value and dividend investing.
1. Profitability
1.1 Basic Checks
In the past year SCVL was profitable.
SCVL had a positive operating cash flow in the past year.
SCVL had positive earnings in each of the past 5 years.
In the past 5 years SCVL always reported a positive cash flow from operatings.
1.2 Ratios
SCVL has a better Return On Assets (6.64%) than 75.42% of its industry peers.
SCVL's Return On Equity of 11.74% is fine compared to the rest of the industry. SCVL outperforms 67.80% of its industry peers.
SCVL's Return On Invested Capital of 7.43% is fine compared to the rest of the industry. SCVL outperforms 64.41% of its industry peers.
SCVL had an Average Return On Invested Capital over the past 3 years of 14.99%. This is above the industry average of 12.33%.
The last Return On Invested Capital (7.43%) for SCVL is well below the 3 year average (14.99%), which needs to be investigated, but indicates that SCVL had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.64% | ||
| ROE | 11.74% | ||
| ROIC | 7.43% |
ROA(3y)12.41%
ROA(5y)9.31%
ROE(3y)22.58%
ROE(5y)17.47%
ROIC(3y)14.99%
ROIC(5y)11.39%
1.3 Margins
With an excellent Profit Margin value of 6.12%, SCVL belongs to the best of the industry, outperforming 80.51% of the companies in the same industry.
SCVL's Profit Margin has improved in the last couple of years.
With a decent Operating Margin value of 7.97%, SCVL is doing good in the industry, outperforming 78.81% of the companies in the same industry.
In the last couple of years the Operating Margin of SCVL has grown nicely.
With a Gross Margin value of 35.80%, SCVL perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
SCVL's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.97% | ||
| PM (TTM) | 6.12% | ||
| GM | 35.8% |
OM growth 3Y45.92%
OM growth 5Y10.46%
PM growth 3Y56.16%
PM growth 5Y11.07%
GM growth 3Y7.73%
GM growth 5Y3.61%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so SCVL is still creating some value.
The number of shares outstanding for SCVL has been reduced compared to 1 year ago.
Compared to 5 years ago, SCVL has less shares outstanding
There is no outstanding debt for SCVL. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
There is no outstanding debt for SCVL. 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 | N/A |
ROIC/WACC0.73
WACC10.18%
2.3 Liquidity
A Current Ratio of 3.88 indicates that SCVL has no problem at all paying its short term obligations.
SCVL has a Current ratio of 3.88. This is amongst the best in the industry. SCVL outperforms 94.92% of its industry peers.
A Quick Ratio of 0.89 indicates that SCVL may have some problems paying its short term obligations.
SCVL has a Quick ratio of 0.89. This is in the better half of the industry: SCVL outperforms 71.19% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.88 | ||
| Quick Ratio | 0.89 |
3. Growth
3.1 Past
SCVL shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -4.48%.
Measured over the past years, SCVL shows a quite strong growth in Earnings Per Share. The EPS has been growing by 17.32% on average per year.
SCVL shows a small growth in Revenue. In the last year, the Revenue has grown by 2.83%.
SCVL shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.69% yearly.
EPS 1Y (TTM)-4.48%
EPS 3Y69.95%
EPS 5Y17.32%
EPS Q2Q%-11.25%
Revenue 1Y (TTM)2.83%
Revenue growth 3Y6.38%
Revenue growth 5Y2.69%
Sales Q2Q%-4.07%
3.2 Future
Based on estimates for the next years, SCVL will show a quite strong growth in Earnings Per Share. The EPS will grow by 8.49% on average per year.
The Revenue is expected to grow by 5.15% on average over the next years.
EPS Next Y-0.77%
EPS Next 2Y6.87%
EPS Next 3Y8.49%
EPS Next 5YN/A
Revenue Next Year3.59%
Revenue Next 2Y4.45%
Revenue Next 3Y5.15%
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 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 8.13, the valuation of SCVL can be described as reasonable.
91.53% of the companies in the same industry are more expensive than SCVL, based on the Price/Earnings ratio.
SCVL is valuated cheaply when we compare the Price/Earnings ratio to 29.53, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 7.30, the valuation of SCVL can be described as very cheap.
91.53% of the companies in the same industry are more expensive than SCVL, based on the Price/Forward Earnings ratio.
SCVL's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.65.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.13 | ||
| Fwd PE | 7.3 |
4.2 Price Multiples
94.07% of the companies in the same industry are more expensive than SCVL, based on the Enterprise Value to EBITDA ratio.
86.44% of the companies in the same industry are more expensive than SCVL, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.27 | ||
| EV/EBITDA | 3.97 |
4.3 Compensation for Growth
SCVL has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.47
EPS Next 2Y6.87%
EPS Next 3Y8.49%
5. Dividend
5.1 Amount
SCVL has a Yearly Dividend Yield of 2.39%.
In the last 3 months the price of SCVL has falen by -33.32%. 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 4.33, SCVL pays a better dividend. On top of this SCVL pays more dividend than 85.59% of the companies listed in the same industry.
SCVL's Dividend Yield is comparable with the S&P500 average which is at 2.27.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.39% |
5.2 History
On average, the dividend of SCVL grows each year by 24.73%, which is quite nice.
SCVL has paid a dividend for at least 10 years, which is a reliable track record.
SCVL has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)24.73%
Div Incr Years12
Div Non Decr Years12
5.3 Sustainability
19.20% of the earnings are spent on dividend by SCVL. This is a low number and sustainable payout ratio.
The dividend of SCVL is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP19.2%
EPS Next 2Y6.87%
EPS Next 3Y8.49%
22.51
+0.5 (+2.27%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustrySpecialty Retail
Earnings (Last)
Earnings (Next)
Inst Owners72.23%
Inst Owner Change-96.45%
Ins Owners32.66%
Ins Owner Change2.75%
Market Cap611.60M
Analysts80
Price Target49.98 (122.03%)
Short Float %15.88%
Short Ratio6.48
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.39% |
Yearly Dividend0.45
Dividend Growth(5Y)24.73%
DP19.2%
Div Incr Years12
Div Non Decr Years12
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.77%
Min EPS beat(2)-2.35%
Max EPS beat(2)3.89%
EPS beat(4)2
Avg EPS beat(4)1.05%
Min EPS beat(4)-2.51%
Max EPS beat(4)5.16%
EPS beat(8)2
Avg EPS beat(8)-6.24%
EPS beat(12)5
Avg EPS beat(12)1.78%
EPS beat(16)8
Avg EPS beat(16)17.07%
Revenue beat(2)0
Avg Revenue beat(2)-3.12%
Min Revenue beat(2)-5.07%
Max Revenue beat(2)-1.17%
Revenue beat(4)0
Avg Revenue beat(4)-2.07%
Min Revenue beat(4)-5.07%
Max Revenue beat(4)-0.02%
Revenue beat(8)1
Avg Revenue beat(8)-2.76%
Revenue beat(12)2
Avg Revenue beat(12)-2.54%
Revenue beat(16)5
Avg Revenue beat(16)0.31%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-7.04%
EPS NY rev (1m)0%
EPS NY rev (3m)-2.11%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.37%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.97%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.13 | ||
| Fwd PE | 7.3 | ||
| P/S | 0.5 | ||
| P/FCF | 8.27 | ||
| P/OCF | 5.49 | ||
| P/B | 0.96 | ||
| P/tB | 1.06 | ||
| EV/EBITDA | 3.97 |
EPS(TTM)2.77
EY12.31%
EPS(NY)3.08
Fwd EY13.7%
FCF(TTM)2.72
FCFY12.1%
OCF(TTM)4.1
OCFY18.22%
SpS44.91
BVpS23.4
TBVpS21.22
PEG (NY)N/A
PEG (5Y)0.47
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.64% | ||
| ROE | 11.74% | ||
| ROCE | 9.84% | ||
| ROIC | 7.43% | ||
| ROICexc | 8.19% | ||
| ROICexgc | 8.76% | ||
| OM | 7.97% | ||
| PM (TTM) | 6.12% | ||
| GM | 35.8% | ||
| FCFM | 6.06% |
ROA(3y)12.41%
ROA(5y)9.31%
ROE(3y)22.58%
ROE(5y)17.47%
ROIC(3y)14.99%
ROIC(5y)11.39%
ROICexc(3y)17.72%
ROICexc(5y)13.45%
ROICexgc(3y)19.1%
ROICexgc(5y)14.28%
ROCE(3y)19.85%
ROCE(5y)15.08%
ROICexcg growth 3Y25.97%
ROICexcg growth 5Y-7.05%
ROICexc growth 3Y23.6%
ROICexc growth 5Y-8.11%
OM growth 3Y45.92%
OM growth 5Y10.46%
PM growth 3Y56.16%
PM growth 5Y11.07%
GM growth 3Y7.73%
GM growth 5Y3.61%
F-Score5
Asset Turnover1.09
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 123.4% | ||
| Cap/Sales | 3.07% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 87.3% | ||
| Profit Quality | 99.15% | ||
| Current Ratio | 3.88 | ||
| Quick Ratio | 0.89 | ||
| Altman-Z | N/A |
F-Score5
WACC10.18%
ROIC/WACC0.73
Cap/Depr(3y)231.89%
Cap/Depr(5y)176.3%
Cap/Sales(3y)4.42%
Cap/Sales(5y)3.26%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-4.48%
EPS 3Y69.95%
EPS 5Y17.32%
EPS Q2Q%-11.25%
EPS Next Y-0.77%
EPS Next 2Y6.87%
EPS Next 3Y8.49%
EPS Next 5YN/A
Revenue 1Y (TTM)2.83%
Revenue growth 3Y6.38%
Revenue growth 5Y2.69%
Sales Q2Q%-4.07%
Revenue Next Year3.59%
Revenue Next 2Y4.45%
Revenue Next 3Y5.15%
Revenue Next 5YN/A
EBIT growth 1Y-4.79%
EBIT growth 3Y55.23%
EBIT growth 5Y13.43%
EBIT Next Year31.83%
EBIT Next 3Y16.85%
EBIT Next 5YN/A
FCF growth 1Y361.43%
FCF growth 3Y9.24%
FCF growth 5Y-0.07%
OCF growth 1Y140.7%
OCF growth 3Y24.64%
OCF growth 5Y10.62%