WOLVERINE WORLD WIDE INC (WWW)
US9780971035 - Common Stock
We assign a fundamental rating of 3 out of 10 to WWW. WWW was compared to 49 industry peers in the Textiles, Apparel & Luxury Goods industry. WWW has a bad profitability rating. Also its financial health evaluation is rather negative. WWW has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year WWW was profitable.
WWW had a positive operating cash flow in the past year.
In multiple years WWW reported negative net income over the last 5 years.
WWW had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
The Return On Assets of WWW (-3.88%) is worse than 64.58% of its industry peers.
WWW's Return On Equity of -23.71% is on the low side compared to the rest of the industry. WWW is outperformed by 70.83% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -3.88% | ||
| ROE | -23.71% | ||
| ROIC | N/A |
ROA(3y)-2.3%
ROA(5y)-1.65%
ROE(3y)-20.8%
ROE(5y)-14.1%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
In the last couple of years the Operating Margin of WWW has declined.
WWW has a Gross Margin of 42.35%. This is in the lower half of the industry: WWW underperforms 64.58% of its industry peers.
WWW's Gross Margin has been stable in the last couple of years.
WWW does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 42.35% |
OM growth 3Y-36.96%
OM growth 5Y-36.19%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.79%
GM growth 5Y-1.12%
2. Health
2.1 Basic Checks
WWW does not have a ROIC to compare to the WACC, probably because it is not profitable.
WWW has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, WWW has less shares outstanding
The debt/assets ratio for WWW has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 2.49 indicates that WWW is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of WWW (2.49) is worse than 60.42% of its industry peers.
WWW has a debt to FCF ratio of 3.44. This is a good value and a sign of high solvency as WWW would need 3.44 years to pay back of all of its debts.
WWW has a Debt to FCF ratio (3.44) which is comparable to the rest of the industry.
A Debt/Equity ratio of 2.40 is on the high side and indicates that WWW has dependencies on debt financing.
WWW has a Debt to Equity ratio of 2.40. This is amonst the worse of the industry: WWW underperforms 89.58% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.4 | ||
| Debt/FCF | 3.44 | ||
| Altman-Z | 2.49 |
ROIC/WACCN/A
WACC8.13%
2.3 Liquidity
WWW has a Current Ratio of 1.23. This is a normal value and indicates that WWW is financially healthy and should not expect problems in meeting its short term obligations.
With a Current ratio value of 1.23, WWW is not doing good in the industry: 91.67% of the companies in the same industry are doing better.
A Quick Ratio of 0.77 indicates that WWW may have some problems paying its short term obligations.
The Quick ratio of WWW (0.77) is worse than 83.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.23 | ||
| Quick Ratio | 0.77 |
3. Growth
3.1 Past
WWW shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -84.17%.
WWW shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -53.00% yearly.
Looking at the last year, WWW shows a very negative growth in Revenue. The Revenue has decreased by -24.95% in the last year.
The Revenue has been growing slightly by 0.03% on average over the past years.
EPS 1Y (TTM)-84.17%
EPS 3Y-62.26%
EPS 5Y-53%
EPS Q2Q%314.29%
Revenue 1Y (TTM)-24.95%
Revenue growth 3Y7.79%
Revenue growth 5Y0.03%
Sales Q2Q%-15.26%
3.2 Future
Based on estimates for the next years, WWW will show a very strong growth in Earnings Per Share. The EPS will grow by 229.65% on average per year.
The Revenue is expected to decrease by -3.82% on average over the next years.
EPS Next Y1728.6%
EPS Next 2Y430.31%
EPS Next 3Y229.65%
EPS Next 5YN/A
Revenue Next Year-20.82%
Revenue Next 2Y-8.06%
Revenue Next 3Y-3.82%
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.
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
WWW is valuated quite expensively with a Price/Earnings ratio of 117.63.
68.75% of the companies in the same industry are cheaper than WWW, based on the Price/Earnings ratio.
WWW is valuated expensively when we compare the Price/Earnings ratio to 27.40, which is the current average of the S&P500 Index.
WWW is valuated correctly with a Price/Forward Earnings ratio of 15.89.
Compared to the rest of the industry, the Price/Forward Earnings ratio of WWW is on the same level as its industry peers.
WWW is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 23.67, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 117.63 | ||
| Fwd PE | 15.89 |
4.2 Price Multiples
75.00% of the companies in the same industry are cheaper than WWW, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of WWW indicates a somewhat cheap valuation: WWW is cheaper than 75.00% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.76 | ||
| EV/EBITDA | 110.43 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as WWW's earnings are expected to grow with 229.65% in the coming years.
PEG (NY)0.07
PEG (5Y)N/A
EPS Next 2Y430.31%
EPS Next 3Y229.65%
5. Dividend
5.1 Amount
WWW has a Yearly Dividend Yield of 1.77%.
WWW's Dividend Yield is a higher than the industry average which is at 2.87.
Compared to the average S&P500 Dividend Yield of 2.33, WWW is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.77% |
5.2 History
On average, the dividend of WWW grows each year by 11.07%, which is quite nice.
WWW has paid a dividend for at least 10 years, which is a reliable track record.
WWW has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)11.07%
Div Incr Years0
Div Non Decr Years33
5.3 Sustainability
The earnings of WWW are negative and hence is the payout ratio. WWW will probably not be able to sustain this dividend level.
The dividend of WWW is growing, but earnings are growing more, so the dividend growth is sustainable.
DP-47.58%
EPS Next 2Y430.31%
EPS Next 3Y229.65%
WOLVERINE WORLD WIDE INC
NYSE:WWW (1/6/2025, 6:40:00 PM)
After market: 22.35 0 (0%)22.35
-0.06 (-0.27%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryTextiles, Apparel & Luxury Goods
Earnings (Last)
Earnings (Next)
Inst Owners97.82%
Inst Owner Change-0.01%
Ins Owners1.3%
Ins Owner Change1.32%
Market Cap1.79B
Analysts77.14
Price Target25.5 (14.09%)
Short Float %5.26%
Short Ratio3.53
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.77% |
Dividend Growth(5Y)11.07%
DP-47.58%
Div Incr Years0
Div Non Decr Years33
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)29.24%
Min EPS beat(2)25.4%
Max EPS beat(2)33.08%
EPS beat(4)3
Avg EPS beat(4)203.99%
Min EPS beat(4)-9.5%
Max EPS beat(4)766.99%
EPS beat(8)5
Avg EPS beat(8)213.36%
EPS beat(12)8
Avg EPS beat(12)141.38%
EPS beat(16)11
Avg EPS beat(16)109.52%
Revenue beat(2)2
Avg Revenue beat(2)2.9%
Min Revenue beat(2)2.39%
Max Revenue beat(2)3.42%
Revenue beat(4)4
Avg Revenue beat(4)3.7%
Min Revenue beat(4)0.52%
Max Revenue beat(4)8.48%
Revenue beat(8)7
Avg Revenue beat(8)2.17%
Revenue beat(12)9
Avg Revenue beat(12)0.85%
Revenue beat(16)11
Avg Revenue beat(16)1.26%
PT rev (1m)3.69%
PT rev (3m)44.23%
EPS NQ rev (1m)0%
EPS NQ rev (3m)46.19%
EPS NY rev (1m)1.56%
EPS NY rev (3m)7.88%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.46%
Revenue NY rev (1m)0.17%
Revenue NY rev (3m)0.8%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 117.63 | ||
| Fwd PE | 15.89 | ||
| P/S | 1 | ||
| P/FCF | 8.76 | ||
| P/OCF | 8.42 | ||
| P/B | 6.21 | ||
| P/tB | N/A | ||
| EV/EBITDA | 110.43 |
EPS(TTM)0.19
EY0.85%
EPS(NY)1.41
Fwd EY6.29%
FCF(TTM)2.55
FCFY11.42%
OCF(TTM)2.66
OCFY11.88%
SpS22.33
BVpS3.6
TBVpS-4.44
PEG (NY)0.07
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -3.88% | ||
| ROE | -23.71% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 42.35% | ||
| FCFM | 11.43% |
ROA(3y)-2.3%
ROA(5y)-1.65%
ROE(3y)-20.8%
ROE(5y)-14.1%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)6.73%
ROCE(5y)7.04%
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y-36.96%
OM growth 5Y-36.19%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.79%
GM growth 5Y-1.12%
F-Score4
Asset Turnover1.02
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.4 | ||
| Debt/FCF | 3.44 | ||
| Debt/EBITDA | 34.3 | ||
| Cap/Depr | 29.43% | ||
| Cap/Sales | 0.46% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | 1051.98% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.23 | ||
| Quick Ratio | 0.77 | ||
| Altman-Z | 2.49 |
F-Score4
WACC8.13%
ROIC/WACCN/A
Cap/Depr(3y)66.7%
Cap/Depr(5y)67.34%
Cap/Sales(3y)0.91%
Cap/Sales(5y)0.97%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-84.17%
EPS 3Y-62.26%
EPS 5Y-53%
EPS Q2Q%314.29%
EPS Next Y1728.6%
EPS Next 2Y430.31%
EPS Next 3Y229.65%
EPS Next 5YN/A
Revenue 1Y (TTM)-24.95%
Revenue growth 3Y7.79%
Revenue growth 5Y0.03%
Sales Q2Q%-15.26%
Revenue Next Year-20.82%
Revenue Next 2Y-8.06%
Revenue Next 3Y-3.82%
Revenue Next 5YN/A
EBIT growth 1Y-111.31%
EBIT growth 3Y-32.05%
EBIT growth 5Y-36.17%
EBIT Next Year110.53%
EBIT Next 3Y45.17%
EBIT Next 5YN/A
FCF growth 1Y145.23%
FCF growth 3Y-28.94%
FCF growth 5Y7.18%
OCF growth 1Y150.55%
OCF growth 3Y-26.69%
OCF growth 5Y4.55%