SKECHERS USA INC-CL A (SKX)
US8305661055 - Common Stock
Overall SKX gets a fundamental rating of 6 out of 10. We evaluated SKX against 51 industry peers in the Textiles, Apparel & Luxury Goods industry. SKX gets an excellent profitability rating and is at the same time showing great financial health properties. SKX is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one! This makes SKX very considerable for growth and quality investing!
1. Profitability
1.1 Basic Checks
SKX had positive earnings in the past year.
In the past year SKX had a positive cash flow from operations.
Each year in the past 5 years SKX has been profitable.
In the past 5 years SKX always reported a positive cash flow from operatings.
1.2 Ratios
SKX's Return On Assets of 7.82% is fine compared to the rest of the industry. SKX outperforms 76.00% of its industry peers.
SKX has a Return On Equity of 14.28%. This is in the better half of the industry: SKX outperforms 72.00% of its industry peers.
SKX has a better Return On Invested Capital (11.85%) than 82.00% of its industry peers.
The Average Return On Invested Capital over the past 3 years for SKX is in line with the industry average of 10.06%.
The 3 year average ROIC (9.66%) for SKX is below the current ROIC(11.85%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.82% | ||
| ROE | 14.28% | ||
| ROIC | 11.85% |
ROA(3y)8.02%
ROA(5y)6.57%
ROE(3y)15.59%
ROE(5y)13.15%
ROIC(3y)9.66%
ROIC(5y)8.65%
1.3 Margins
With a decent Profit Margin value of 7.18%, SKX is doing good in the industry, outperforming 76.00% of the companies in the same industry.
SKX's Profit Margin has been stable in the last couple of years.
SKX has a better Operating Margin (10.42%) than 74.00% of its industry peers.
SKX's Operating Margin has been stable in the last couple of years.
Looking at the Gross Margin, with a value of 52.79%, SKX is in the better half of the industry, outperforming 64.00% of the companies in the same industry.
SKX's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 10.42% | ||
| PM (TTM) | 7.18% | ||
| GM | 52.79% |
OM growth 3Y43.73%
OM growth 5Y0.79%
PM growth 3Y47.07%
PM growth 5Y1.02%
GM growth 3Y2.9%
GM growth 5Y1.62%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), SKX is creating some value.
Compared to 1 year ago, SKX has less shares outstanding
Compared to 5 years ago, SKX has less shares outstanding
The debt/assets ratio for SKX has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 4.44 indicates that SKX is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 4.44, SKX is in the better half of the industry, outperforming 78.00% of the companies in the same industry.
SKX has a debt to FCF ratio of 0.53. This is a very positive value and a sign of high solvency as it would only need 0.53 years to pay back of all of its debts.
The Debt to FCF ratio of SKX (0.53) is better than 80.00% of its industry peers.
A Debt/Equity ratio of 0.03 indicates that SKX is not too dependend on debt financing.
SKX has a Debt to Equity ratio of 0.03. This is in the better half of the industry: SKX outperforms 72.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.03 | ||
| Debt/FCF | 0.53 | ||
| Altman-Z | 4.44 |
ROIC/WACC1.32
WACC9%
2.3 Liquidity
SKX has a Current Ratio of 2.39. This indicates that SKX is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 2.39, SKX is in line with its industry, outperforming 54.00% of the companies in the same industry.
SKX has a Quick Ratio of 1.56. This is a normal value and indicates that SKX is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of SKX (1.56) is better than 66.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.39 | ||
| Quick Ratio | 1.56 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 44.49% over the past year.
The Earnings Per Share has been growing by 11.78% on average over the past years. This is quite good.
Looking at the last year, SKX shows a quite strong growth in Revenue. The Revenue has grown by 8.17% in the last year.
Measured over the past years, SKX shows a quite strong growth in Revenue. The Revenue has been growing by 11.50% on average per year.
EPS 1Y (TTM)44.49%
EPS 3Y69.24%
EPS 5Y11.78%
EPS growth Q2Q30.39%
Revenue 1Y (TTM)8.17%
Revenue growth 3Y20.28%
Revenue growth 5Y11.5%
Revenue growth Q2Q12.47%
3.2 Future
SKX is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 16.14% yearly.
SKX is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.70% yearly.
EPS Next Y13.03%
EPS Next 2Y15.59%
EPS Next 3Y19.12%
EPS Next 5Y16.14%
Revenue Next Year8.84%
Revenue Next 2Y9.51%
Revenue Next 3Y9.69%
Revenue Next 5Y8.7%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 18.01 indicates a rather expensive valuation of SKX.
Compared to the rest of the industry, the Price/Earnings ratio of SKX is on the same level as its industry peers.
When comparing the Price/Earnings ratio of SKX to the average of the S&P500 Index (28.15), we can say SKX is valued slightly cheaper.
A Price/Forward Earnings ratio of 14.67 indicates a correct valuation of SKX.
SKX's Price/Forward Earnings is on the same level as the industry average.
SKX is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 20.20, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.01 | ||
| Fwd PE | 14.67 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of SKX indicates a somewhat cheap valuation: SKX is cheaper than 62.00% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of SKX is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.46 | ||
| EV/EBITDA | 9.37 |
4.3 Compensation for Growth
SKX's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of SKX may justify a higher PE ratio.
SKX's earnings are expected to grow with 19.12% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.38
PEG (5Y)1.53
EPS Next 2Y15.59%
EPS Next 3Y19.12%
5. Dividend
5.1 Amount
SKX does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
SKECHERS USA INC-CL A
NYSE:SKX (5/17/2024, 7:26:33 PM)
After market: 68.42 0 (0%)68.42
+0.17 (+0.25%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryTextiles, Apparel & Luxury Goods
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap10.68B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
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Surprises & Revisions
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.01 | ||
| Fwd PE | 14.67 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)1.38
PEG (5Y)1.53
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.82% | ||
| ROE | 14.28% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 10.42% | ||
| PM (TTM) | 7.18% | ||
| GM | 52.79% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover1.09
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.03 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 2.39 | ||
| Quick Ratio | 1.56 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)44.49%
EPS 3Y69.24%
EPS 5Y
EPS growth Q2Q
EPS Next Y13.03%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)8.17%
Revenue growth 3Y20.28%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
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OCF growth 5Y