STEVEN MADDEN LTD (SHOO) Stock Fundamental Analysis
USA - NASDAQ:SHOO - US5562691080 - Common Stock
32.02 USD
-0.68 (-2.08%)
32.05 USD
+0.03 (+0.09%)
SHOO gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 49 industry peers in the Textiles, Apparel & Luxury Goods industry. SHOO has an excellent financial health rating, but there are some minor concerns on its profitability. SHOO has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
SHOO had positive earnings in the past year.
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
With a decent Return On Assets value of 4.80%, SHOO is doing good in the industry, outperforming 65.31% of the companies in the same industry.
SHOO has a Return On Equity of 10.92%. This is in the better half of the industry: SHOO outperforms 61.22% of its industry peers.
Looking at the Return On Invested Capital, with a value of 9.56%, SHOO is in the better half of the industry, outperforming 63.27% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for SHOO is significantly above the industry average of 12.08%.
The 3 year average ROIC (20.07%) for SHOO is well above the current ROIC(9.56%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.8% | ||
| ROE | 10.92% | ||
| ROIC | 9.56% |
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 Profit Margin of 3.92%. This is comparable to the rest of the industry: SHOO outperforms 57.14% of its industry peers.
SHOO's Profit Margin has been stable in the last couple of years.
SHOO has a Operating Margin of 7.43%. This is comparable to the rest of the industry: SHOO outperforms 53.06% of its industry peers.
SHOO's Operating Margin has been stable in the last couple of years.
SHOO has a worse Gross Margin (40.84%) than 65.31% 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 | 7.43% | ||
| PM (TTM) | 3.92% | ||
| GM | 40.84% |
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
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), SHOO is creating value.
The number of shares outstanding for SHOO has been reduced compared to 1 year ago.
The number of shares outstanding for SHOO has been reduced compared to 5 years ago.
SHOO 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
An Altman-Z score of 4.48 indicates that SHOO is not in any danger for bankruptcy at the moment.
With a decent Altman-Z score value of 4.48, SHOO is doing good in the industry, outperforming 79.59% of the companies in the same industry.
SHOO has a debt to FCF ratio of 2.49. This is a good value and a sign of high solvency as SHOO would need 2.49 years to pay back of all of its debts.
SHOO has a better Debt to FCF ratio (2.49) than 73.47% of its industry peers.
SHOO has a Debt/Equity ratio of 0.35. This is a healthy value indicating a solid balance between debt and equity.
SHOO has a Debt to Equity ratio (0.35) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.35 | ||
| Debt/FCF | 2.49 | ||
| Altman-Z | 4.48 |
ROIC/WACC0.92
WACC10.39%
2.3 Liquidity
A Current Ratio of 2.01 indicates that SHOO has no problem at all paying its short term obligations.
SHOO has a Current ratio of 2.01. This is comparable to the rest of the industry: SHOO outperforms 55.10% of its industry peers.
SHOO has a Quick Ratio of 1.13. This is a normal value and indicates that SHOO is financially healthy and should not expect problems in meeting its short term obligations.
SHOO has a Quick ratio (1.13) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.01 | ||
| Quick Ratio | 1.13 |
3. Growth
3.1 Past
The earnings per share for SHOO have decreased strongly by -16.61% in the last year.
The Earnings Per Share has been growing slightly by 6.57% on average over the past years.
SHOO shows a small growth in Revenue. In the last year, the Revenue has grown by 7.97%.
SHOO shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.02% yearly.
EPS 1Y (TTM)-16.61%
EPS 3Y3.18%
EPS 5Y6.57%
EPS Q2Q%-64.91%
Revenue 1Y (TTM)7.97%
Revenue growth 3Y6.95%
Revenue growth 5Y5.02%
Sales Q2Q%6.59%
3.2 Future
SHOO is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 3.56% yearly.
SHOO is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.96% yearly.
EPS Next Y-44.39%
EPS Next 2Y-12.71%
EPS Next 3Y-1.01%
EPS Next 5Y3.56%
Revenue Next Year11.08%
Revenue Next 2Y10.6%
Revenue Next 3Y9.2%
Revenue Next 5Y4.96%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 14.17, SHOO is valued correctly.
Compared to the rest of the industry, the Price/Earnings ratio of SHOO indicates a somewhat cheap valuation: SHOO is cheaper than 73.47% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of SHOO to the average of the S&P500 Index (27.38), we can say SHOO is valued slightly cheaper.
SHOO is valuated correctly with a Price/Forward Earnings ratio of 15.68.
SHOO's Price/Forward Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.86, SHOO is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.17 | ||
| Fwd PE | 15.68 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as SHOO.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of SHOO indicates a somewhat cheap valuation: SHOO is cheaper than 69.39% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.75 | ||
| EV/EBITDA | 13 |
4.3 Compensation for Growth
The decent profitability rating of SHOO may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)2.16
EPS Next 2Y-12.71%
EPS Next 3Y-1.01%
5. Dividend
5.1 Amount
SHOO has a Yearly Dividend Yield of 2.64%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.08, 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 has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.64% |
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
66.76% of the earnings are spent on dividend by SHOO. This is not a sustainable payout ratio.
SHOO's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP66.76%
EPS Next 2Y-12.71%
EPS Next 3Y-1.01%
32.02
-0.68 (-2.08%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryTextiles, Apparel & Luxury Goods
Earnings (Last)
Earnings (Next)
Inst Owners105.76%
Inst Owner Change2.49%
Ins Owners2.13%
Ins Owner Change0.67%
Market Cap2.33B
Analysts77.33
Price Target28.69 (-10.4%)
Short Float %8.37%
Short Ratio3.77
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.64% |
Yearly Dividend0.84
Dividend Growth(5Y)7.91%
DP66.76%
Div Incr Years0
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)13.33%
Min EPS beat(2)-3.25%
Max EPS beat(2)29.91%
EPS beat(4)3
Avg EPS beat(4)7.21%
Min EPS beat(4)-3.25%
Max EPS beat(4)29.91%
EPS beat(8)7
Avg EPS beat(8)6.68%
EPS beat(12)9
Avg EPS beat(12)3.88%
EPS beat(16)13
Avg EPS beat(16)8.8%
Revenue beat(2)0
Avg Revenue beat(2)-4.53%
Min Revenue beat(2)-6%
Max Revenue beat(2)-3.06%
Revenue beat(4)2
Avg Revenue beat(4)-1.06%
Min Revenue beat(4)-6%
Max Revenue beat(4)4.08%
Revenue beat(8)3
Avg Revenue beat(8)-0.53%
Revenue beat(12)6
Avg Revenue beat(12)-0.41%
Revenue beat(16)9
Avg Revenue beat(16)1.68%
PT rev (1m)-1.32%
PT rev (3m)-1.12%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.4%
EPS NY rev (1m)5.59%
EPS NY rev (3m)11.47%
Revenue NQ rev (1m)-0.11%
Revenue NQ rev (3m)-1.72%
Revenue NY rev (1m)-1.28%
Revenue NY rev (3m)-1.2%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.17 | ||
| Fwd PE | 15.68 | ||
| P/S | 1 | ||
| P/FCF | 19.75 | ||
| P/OCF | 15.31 | ||
| P/B | 2.79 | ||
| P/tB | 8.18 | ||
| EV/EBITDA | 13 |
EPS(TTM)2.26
EY7.06%
EPS(NY)2.04
Fwd EY6.38%
FCF(TTM)1.62
FCFY5.06%
OCF(TTM)2.09
OCFY6.53%
SpS31.93
BVpS11.47
TBVpS3.91
PEG (NY)N/A
PEG (5Y)2.16
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.8% | ||
| ROE | 10.92% | ||
| ROCE | 12.32% | ||
| ROIC | 9.56% | ||
| ROICexc | 10.39% | ||
| ROICexgc | 18.13% | ||
| OM | 7.43% | ||
| PM (TTM) | 3.92% | ||
| GM | 40.84% | ||
| FCFM | 5.08% |
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-Score4
Asset Turnover1.22
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.35 | ||
| Debt/FCF | 2.49 | ||
| Debt/EBITDA | 1.46 | ||
| Cap/Depr | 140.17% | ||
| Cap/Sales | 1.47% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 77.24% | ||
| Profit Quality | 129.39% | ||
| Current Ratio | 2.01 | ||
| Quick Ratio | 1.13 | ||
| Altman-Z | 4.48 |
F-Score4
WACC10.39%
ROIC/WACC0.92
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)-16.61%
EPS 3Y3.18%
EPS 5Y6.57%
EPS Q2Q%-64.91%
EPS Next Y-44.39%
EPS Next 2Y-12.71%
EPS Next 3Y-1.01%
EPS Next 5Y3.56%
Revenue 1Y (TTM)7.97%
Revenue growth 3Y6.95%
Revenue growth 5Y5.02%
Sales Q2Q%6.59%
Revenue Next Year11.08%
Revenue Next 2Y10.6%
Revenue Next 3Y9.2%
Revenue Next 5Y4.96%
EBIT growth 1Y-26.8%
EBIT growth 3Y0.11%
EBIT growth 5Y6.56%
EBIT Next Year-31.24%
EBIT Next 3Y2.45%
EBIT Next 5Y7.23%
FCF growth 1Y-59.53%
FCF growth 3Y4.04%
FCF growth 5Y-4.39%
OCF growth 1Y-50.97%
OCF growth 3Y7.49%
OCF growth 5Y-3.26%