STEVEN MADDEN LTD (SHOO) Stock Fundamental Analysis
NASDAQ:SHOO - Nasdaq - US5562691080 - Common Stock - Currency: USD
Taking everything into account, SHOO scores 7 out of 10 in our fundamental rating. SHOO was compared to 49 industry peers in the Textiles, Apparel & Luxury Goods industry. SHOO has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. SHOO is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year SHOO was profitable.
SHOO had a positive operating cash flow in the past year.
SHOO had positive earnings in 4 of the past 5 years.
Each year in the past 5 years SHOO had a positive operating cash flow.
1.2 Ratios
SHOO has a Return On Assets of 11.62%. This is amongst the best in the industry. SHOO outperforms 85.71% of its industry peers.
Looking at the Return On Equity, with a value of 18.95%, SHOO is in the better half of the industry, outperforming 77.55% of the companies in the same industry.
SHOO has a better Return On Invested Capital (18.56%) than 89.80% of its industry peers.
SHOO had an Average Return On Invested Capital over the past 3 years of 20.07%. This is significantly above the industry average of 11.45%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.62% | ||
| ROE | 18.95% | ||
| ROIC | 18.56% |
ROA(3y)13.97%
ROA(5y)10.87%
ROE(3y)22.22%
ROE(5y)17.55%
ROIC(3y)20.07%
ROIC(5y)17.19%
1.3 Margins
SHOO has a better Profit Margin (7.26%) than 77.55% of its industry peers.
In the last couple of years the Profit Margin of SHOO has remained more or less at the same level.
With a decent Operating Margin value of 10.82%, SHOO is doing good in the industry, outperforming 73.47% of the companies in the same industry.
In the last couple of years the Operating Margin of SHOO has remained more or less at the same level.
SHOO has a worse Gross Margin (41.08%) than 69.39% of its industry peers.
In the last couple of years the Gross Margin of SHOO has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 10.82% | ||
| PM (TTM) | 7.26% | ||
| GM | 41.08% |
OM growth 3Y-6.39%
OM growth 5Y1.47%
PM growth 3Y-10.12%
PM growth 5Y-1.26%
GM growth 3Y-0.07%
GM growth 5Y1.35%
2. Health
2.1 Basic Checks
SHOO has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
SHOO has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, SHOO has less shares outstanding
There is no outstanding debt for SHOO. 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
SHOO has an Altman-Z score of 6.41. This indicates that SHOO is financially healthy and has little risk of bankruptcy at the moment.
With an excellent Altman-Z score value of 6.41, SHOO belongs to the best of the industry, outperforming 93.88% of the companies in the same industry.
SHOO has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 6.41 |
ROIC/WACC1.83
WACC10.17%
2.3 Liquidity
SHOO has a Current Ratio of 2.25. This indicates that SHOO is financially healthy and has no problem in meeting its short term obligations.
SHOO has a Current ratio of 2.25. This is comparable to the rest of the industry: SHOO outperforms 59.18% of its industry peers.
SHOO has a Quick Ratio of 1.64. This is a normal value and indicates that SHOO is financially healthy and should not expect problems in meeting its short term obligations.
SHOO's Quick ratio of 1.64 is fine compared to the rest of the industry. SHOO outperforms 77.55% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.25 | ||
| Quick Ratio | 1.64 |
3. Growth
3.1 Past
SHOO shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 0.77%.
SHOO shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 6.57% yearly.
The Revenue has grown by 10.34% in the past year. This is quite good.
Measured over the past years, SHOO shows a small growth in Revenue. The Revenue has been growing by 5.02% on average per year.
EPS 1Y (TTM)0.77%
EPS 3Y3.18%
EPS 5Y6.57%
EPS Q2Q%-7.69%
Revenue 1Y (TTM)10.34%
Revenue growth 3Y6.95%
Revenue growth 5Y5.02%
Sales Q2Q%0.15%
3.2 Future
The Earnings Per Share is expected to grow by 3.56% on average over the next years.
The Revenue is expected to grow by 4.96% on average over the next years.
EPS Next Y-47.34%
EPS Next 2Y-13.99%
EPS Next 3Y-5.49%
EPS Next 5Y3.56%
Revenue Next Year11.95%
Revenue Next 2Y10.07%
Revenue Next 3Y6.17%
Revenue Next 5Y4.96%
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 stable.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 9.88, the valuation of SHOO can be described as reasonable.
Based on the Price/Earnings ratio, SHOO is valued cheaply inside the industry as 83.67% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 27.45, SHOO is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 13.10, the valuation of SHOO can be described as correct.
Based on the Price/Forward Earnings ratio, SHOO is valued a bit cheaper than the industry average as 71.43% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 21.90. SHOO is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.88 | ||
| Fwd PE | 13.1 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, SHOO is valued cheaper than 81.63% of the companies in the same industry.
79.59% of the companies in the same industry are more expensive than SHOO, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.56 | ||
| EV/EBITDA | 6.49 |
4.3 Compensation for Growth
The decent profitability rating of SHOO may justify a higher PE ratio.
A cheap valuation may be justified as SHOO's earnings are expected to decrease with -5.49% in the coming years.
PEG (NY)N/A
PEG (5Y)1.5
EPS Next 2Y-13.99%
EPS Next 3Y-5.49%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.23%, SHOO has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.64, SHOO pays a better dividend. On top of this SHOO pays more dividend than 87.76% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.38, SHOO pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.23% |
5.2 History
On average, the dividend of SHOO grows each year by 7.91%, which is quite nice.
SHOO has been paying a dividend for over 5 years, so it has already some track record.
SHOO has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)7.91%
Div Incr Years0
Div Non Decr Years4
5.3 Sustainability
36.66% of the earnings are spent on dividend by SHOO. This is a low number and sustainable payout ratio.
SHOO's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP36.66%
EPS Next 2Y-13.99%
EPS Next 3Y-5.49%
25.98
-0.06 (-0.23%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryTextiles, Apparel & Luxury Goods
Earnings (Last)
Earnings (Next)
Inst Owners105.44%
Inst Owner Change-49.9%
Ins Owners2.28%
Ins Owner Change2.39%
Market Cap1.89B
Analysts74.67
Price Target28.18 (8.47%)
Short Float %6.51%
Short Ratio2.6
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.23% |
Yearly Dividend0.84
Dividend Growth(5Y)7.91%
DP36.66%
Div Incr Years0
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)15.95%
Min EPS beat(2)1.99%
Max EPS beat(2)29.91%
EPS beat(4)4
Avg EPS beat(4)9.44%
Min EPS beat(4)0.19%
Max EPS beat(4)29.91%
EPS beat(8)8
Avg EPS beat(8)7.12%
EPS beat(12)10
Avg EPS beat(12)4.4%
EPS beat(16)14
Avg EPS beat(16)12.26%
Revenue beat(2)1
Avg Revenue beat(2)0.51%
Min Revenue beat(2)-3.06%
Max Revenue beat(2)4.08%
Revenue beat(4)2
Avg Revenue beat(4)0.25%
Min Revenue beat(4)-3.06%
Max Revenue beat(4)4.08%
Revenue beat(8)3
Avg Revenue beat(8)-0.41%
Revenue beat(12)7
Avg Revenue beat(12)0.72%
Revenue beat(16)10
Avg Revenue beat(16)2.32%
PT rev (1m)-12.76%
PT rev (3m)-26.22%
EPS NQ rev (1m)-10.49%
EPS NQ rev (3m)-61.26%
EPS NY rev (1m)5.57%
EPS NY rev (3m)-40.96%
Revenue NQ rev (1m)0.06%
Revenue NQ rev (3m)-5.07%
Revenue NY rev (1m)-0.43%
Revenue NY rev (3m)-6.59%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.88 | ||
| Fwd PE | 13.1 | ||
| P/S | 0.83 | ||
| P/FCF | 11.56 | ||
| P/OCF | 9.68 | ||
| P/B | 2.16 | ||
| P/tB | 3.28 | ||
| EV/EBITDA | 6.49 |
EPS(TTM)2.63
EY10.12%
EPS(NY)1.98
Fwd EY7.63%
FCF(TTM)2.25
FCFY8.65%
OCF(TTM)2.68
OCFY10.33%
SpS31.45
BVpS12.05
TBVpS7.92
PEG (NY)N/A
PEG (5Y)1.5
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.62% | ||
| ROE | 18.95% | ||
| ROCE | 23.92% | ||
| ROIC | 18.56% | ||
| ROICexc | 21.65% | ||
| ROICexgc | 32.74% | ||
| OM | 10.82% | ||
| PM (TTM) | 7.26% | ||
| GM | 41.08% | ||
| FCFM | 7.14% |
ROA(3y)13.97%
ROA(5y)10.87%
ROE(3y)22.22%
ROE(5y)17.55%
ROIC(3y)20.07%
ROIC(5y)17.19%
ROICexc(3y)26.91%
ROICexc(5y)23.43%
ROICexgc(3y)44.98%
ROICexgc(5y)39.85%
ROCE(3y)25.87%
ROCE(5y)22.16%
ROICexcg growth 3Y-8.75%
ROICexcg growth 5Y-0.19%
ROICexc growth 3Y-6.05%
ROICexc growth 5Y3.67%
OM growth 3Y-6.39%
OM growth 5Y1.47%
PM growth 3Y-10.12%
PM growth 5Y-1.26%
GM growth 3Y-0.07%
GM growth 5Y1.35%
F-Score6
Asset Turnover1.6
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 154.03% | ||
| Cap/Sales | 1.39% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 72.84% | ||
| Profit Quality | 98.38% | ||
| Current Ratio | 2.25 | ||
| Quick Ratio | 1.64 | ||
| Altman-Z | 6.41 |
F-Score6
WACC10.17%
ROIC/WACC1.83
Cap/Depr(3y)114.81%
Cap/Depr(5y)85.15%
Cap/Sales(3y)0.99%
Cap/Sales(5y)0.78%
Profit Quality(3y)113.13%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)0.77%
EPS 3Y3.18%
EPS 5Y6.57%
EPS Q2Q%-7.69%
EPS Next Y-47.34%
EPS Next 2Y-13.99%
EPS Next 3Y-5.49%
EPS Next 5Y3.56%
Revenue 1Y (TTM)10.34%
Revenue growth 3Y6.95%
Revenue growth 5Y5.02%
Sales Q2Q%0.15%
Revenue Next Year11.95%
Revenue Next 2Y10.07%
Revenue Next 3Y6.17%
Revenue Next 5Y4.96%
EBIT growth 1Y6.66%
EBIT growth 3Y0.11%
EBIT growth 5Y6.56%
EBIT Next Year-29.13%
EBIT Next 3Y-0.98%
EBIT Next 5Y7.23%
FCF growth 1Y-36.6%
FCF growth 3Y4.04%
FCF growth 5Y-4.39%
OCF growth 1Y-28.84%
OCF growth 3Y7.49%
OCF growth 5Y-3.26%