WOLVERINE WORLD WIDE INC (WWW) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:WWW - US9780971035 - Common Stock
17.92 USD
-0.02 (-0.11%)
17.92 USD
0 (0%)
Overall WWW gets a fundamental rating of 5 out of 10. We evaluated WWW against 45 industry peers in the Textiles, Apparel & Luxury Goods industry. There are concerns on the financial health of WWW while its profitability can be described as average. WWW is not valued too expensively and it also shows a decent growth rate.
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.
Of the past 5 years WWW 4 years had a positive operating cash flow.
1.2 Ratios
WWW has a better Return On Assets (4.98%) than 71.11% of its industry peers.
Looking at the Return On Equity, with a value of 22.56%, WWW belongs to the top of the industry, outperforming 82.22% of the companies in the same industry.
The Return On Invested Capital of WWW (8.97%) is better than 68.89% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for WWW is significantly below the industry average of 11.62%.
The 3 year average ROIC (4.86%) for WWW is below the current ROIC(8.97%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.98% | ||
| ROE | 22.56% | ||
| ROIC | 8.97% |
ROA(3y)-2.24%
ROA(5y)-2.11%
ROE(3y)-19.36%
ROE(5y)-14.37%
ROIC(3y)4.86%
ROIC(5y)5.01%
1.3 Margins
WWW has a better Profit Margin (4.59%) than 68.89% of its industry peers.
In the last couple of years the Profit Margin of WWW has declined.
The Operating Margin of WWW (7.55%) is better than 71.11% of its industry peers.
WWW's Operating Margin has declined in the last couple of years.
With a Gross Margin value of 46.43%, WWW perfoms like the industry average, outperforming 44.44% of the companies in the same industry.
WWW's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.55% | ||
| PM (TTM) | 4.59% | ||
| GM | 46.43% |
OM growth 3Y-3.46%
OM growth 5Y-5.06%
PM growth 3Y-1.91%
PM growth 5Y-13.78%
GM growth 3Y1.45%
GM growth 5Y1.85%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so WWW is destroying value.
The number of shares outstanding for WWW has been increased compared to 1 year ago.
The number of shares outstanding for WWW has been reduced compared to 5 years ago.
WWW has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.88 indicates that WWW is not a great score, but indicates only limited risk for bankruptcy at the moment.
WWW's Altman-Z score of 2.88 is in line compared to the rest of the industry. WWW outperforms 60.00% of its industry peers.
WWW has a debt to FCF ratio of 12.46. This is a negative value and a sign of low solvency as WWW would need 12.46 years to pay back of all of its debts.
With a Debt to FCF ratio value of 12.46, WWW perfoms like the industry average, outperforming 42.22% of the companies in the same industry.
A Debt/Equity ratio of 1.80 is on the high side and indicates that WWW has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 1.80, WWW is doing worse than 84.44% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.8 | ||
| Debt/FCF | 12.46 | ||
| Altman-Z | 2.88 |
ROIC/WACC0.81
WACC11.13%
2.3 Liquidity
A Current Ratio of 1.34 indicates that WWW should not have too much problems paying its short term obligations.
WWW's Current ratio of 1.34 is on the low side compared to the rest of the industry. WWW is outperformed by 84.44% of its industry peers.
A Quick Ratio of 0.79 indicates that WWW may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.79, WWW is doing worse than 80.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.34 | ||
| Quick Ratio | 0.79 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 584.21% over the past year.
WWW shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -16.78% yearly.
The Revenue has been growing slightly by 3.61% in the past year.
WWW shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -5.05% yearly.
EPS 1Y (TTM)584.21%
EPS 3Y-24.33%
EPS 5Y-16.78%
EPS Q2Q%20.69%
Revenue 1Y (TTM)3.61%
Revenue growth 3Y-10.09%
Revenue growth 5Y-5.05%
Sales Q2Q%6.84%
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 23.71% on average per year.
Based on estimates for the next years, WWW will show a small growth in Revenue. The Revenue will grow by 5.91% on average per year.
EPS Next Y47.52%
EPS Next 2Y25.72%
EPS Next 3Y23.71%
EPS Next 5YN/A
Revenue Next Year7.05%
Revenue Next 2Y6.23%
Revenue Next 3Y5.91%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 13.78, WWW is valued correctly.
Based on the Price/Earnings ratio, WWW is valued a bit cheaper than 80.00% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.84. WWW is valued slightly cheaper when compared to this.
Based on the Price/Forward Earnings ratio of 12.46, the valuation of WWW can be described as correct.
Compared to the rest of the industry, the Price/Forward Earnings ratio of WWW indicates a rather cheap valuation: WWW is cheaper than 82.22% of the companies listed in the same industry.
WWW is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 23.40, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.78 | ||
| Fwd PE | 12.46 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as WWW.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of WWW is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 27.05 | ||
| EV/EBITDA | 11.28 |
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.
WWW has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as WWW's earnings are expected to grow with 23.71% in the coming years.
PEG (NY)0.29
PEG (5Y)N/A
EPS Next 2Y25.72%
EPS Next 3Y23.71%
5. Dividend
5.1 Amount
WWW has a Yearly Dividend Yield of 1.61%.
The stock price of WWW dropped by -29.28% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
Compared to an average industry Dividend Yield of 1.52, WWW pays a bit more dividend than its industry peers.
WWW's Dividend Yield is comparable with the S&P500 average which is at 2.00.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.61% |
5.2 History
The dividend of WWW is nicely growing with an annual growth rate of 11.30%!
WWW has paid a dividend for at least 10 years, which is a reliable track record.
The dividend of WWW decreased recently.
Dividend Growth(5Y)11.3%
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
38.94% of the earnings are spent on dividend by WWW. This is a low number and sustainable payout ratio.
WWW's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP38.94%
EPS Next 2Y25.72%
EPS Next 3Y23.71%
17.92
-0.02 (-0.11%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryTextiles, Apparel & Luxury Goods
Earnings (Last)
Earnings (Next)
Inst Owners112.24%
Inst Owner Change1.32%
Ins Owners1.12%
Ins Owner Change0.42%
Market Cap1.47B
Revenue(TTM)1.85B
Net Income(TTM)85.00M
Analysts81.43
Price Target24.82 (38.5%)
Short Float %8.5%
Short Ratio3.36
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.61% |
Yearly Dividend0.41
Dividend Growth(5Y)11.3%
DP38.94%
Div Incr Years0
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)26.41%
Min EPS beat(2)5.13%
Max EPS beat(2)47.69%
EPS beat(4)3
Avg EPS beat(4)29.56%
Min EPS beat(4)-0.37%
Max EPS beat(4)65.78%
EPS beat(8)6
Avg EPS beat(8)116.78%
EPS beat(12)8
Avg EPS beat(12)152.09%
EPS beat(16)11
Avg EPS beat(16)113.42%
Revenue beat(2)2
Avg Revenue beat(2)2.31%
Min Revenue beat(2)0.58%
Max Revenue beat(2)4.05%
Revenue beat(4)4
Avg Revenue beat(4)2.1%
Min Revenue beat(4)0.58%
Max Revenue beat(4)4.05%
Revenue beat(8)8
Avg Revenue beat(8)2.9%
Revenue beat(12)11
Avg Revenue beat(12)2.15%
Revenue beat(16)13
Avg Revenue beat(16)1.16%
PT rev (1m)0%
PT rev (3m)-27.72%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-4.67%
EPS NY rev (1m)-0.07%
EPS NY rev (3m)1.15%
Revenue NQ rev (1m)-0.07%
Revenue NQ rev (3m)-1.89%
Revenue NY rev (1m)-0.16%
Revenue NY rev (3m)-0.16%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.78 | ||
| Fwd PE | 12.46 | ||
| P/S | 0.79 | ||
| P/FCF | 27.05 | ||
| P/OCF | 19.28 | ||
| P/B | 3.9 | ||
| P/tB | N/A | ||
| EV/EBITDA | 11.28 |
EPS(TTM)1.3
EY7.25%
EPS(NY)1.44
Fwd EY8.03%
FCF(TTM)0.66
FCFY3.7%
OCF(TTM)0.93
OCFY5.19%
SpS22.59
BVpS4.6
TBVpS-3.22
PEG (NY)0.29
PEG (5Y)N/A
Graham Number11.59
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.98% | ||
| ROE | 22.56% | ||
| ROCE | 11.92% | ||
| ROIC | 8.97% | ||
| ROICexc | 10% | ||
| ROICexgc | 22.12% | ||
| OM | 7.55% | ||
| PM (TTM) | 4.59% | ||
| GM | 46.43% | ||
| FCFM | 2.93% |
ROA(3y)-2.24%
ROA(5y)-2.11%
ROE(3y)-19.36%
ROE(5y)-14.37%
ROIC(3y)4.86%
ROIC(5y)5.01%
ROICexc(3y)5.42%
ROICexc(5y)5.66%
ROICexgc(3y)12.05%
ROICexgc(5y)14.97%
ROCE(3y)6.88%
ROCE(5y)6.81%
ROICexgc growth 3Y-5.91%
ROICexgc growth 5Y1.04%
ROICexc growth 3Y5.46%
ROICexc growth 5Y1.13%
OM growth 3Y-3.46%
OM growth 5Y-5.06%
PM growth 3Y-1.91%
PM growth 5Y-13.78%
GM growth 3Y1.45%
GM growth 5Y1.85%
F-Score7
Asset Turnover1.08
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.8 | ||
| Debt/FCF | 12.46 | ||
| Debt/EBITDA | 4.05 | ||
| Cap/Depr | 80.81% | ||
| Cap/Sales | 1.18% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 45.66% | ||
| Profit Quality | 63.88% | ||
| Current Ratio | 1.34 | ||
| Quick Ratio | 0.79 | ||
| Altman-Z | 2.88 |
F-Score7
WACC11.13%
ROIC/WACC0.81
Cap/Depr(3y)74.73%
Cap/Depr(5y)61.72%
Cap/Sales(3y)1.05%
Cap/Sales(5y)0.89%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)584.21%
EPS 3Y-24.33%
EPS 5Y-16.78%
EPS Q2Q%20.69%
EPS Next Y47.52%
EPS Next 2Y25.72%
EPS Next 3Y23.71%
EPS Next 5YN/A
Revenue 1Y (TTM)3.61%
Revenue growth 3Y-10.09%
Revenue growth 5Y-5.05%
Sales Q2Q%6.84%
Revenue Next Year7.05%
Revenue Next 2Y6.23%
Revenue Next 3Y5.91%
Revenue Next 5YN/A
EBIT growth 1Y1847.5%
EBIT growth 3Y-13.21%
EBIT growth 5Y-9.85%
EBIT Next Year56.5%
EBIT Next 3Y18.18%
EBIT Next 5YN/A
FCF growth 1Y-81.07%
FCF growth 3Y32.2%
FCF growth 5Y-3.21%
OCF growth 1Y-76.06%
OCF growth 3Y27.55%
OCF growth 5Y-4.15%
WOLVERINE WORLD WIDE INC / WWW FAQ
What is the fundamental rating for WWW stock?
ChartMill assigns a fundamental rating of 5 / 10 to WWW.
What is the valuation status for WWW stock?
ChartMill assigns a valuation rating of 6 / 10 to WOLVERINE WORLD WIDE INC (WWW). This can be considered as Fairly Valued.
What is the profitability of WWW stock?
WOLVERINE WORLD WIDE INC (WWW) has a profitability rating of 6 / 10.
What are the PE and PB ratios of WOLVERINE WORLD WIDE INC (WWW) stock?
The Price/Earnings (PE) ratio for WOLVERINE WORLD WIDE INC (WWW) is 13.78 and the Price/Book (PB) ratio is 3.9.
Is the dividend of WOLVERINE WORLD WIDE INC sustainable?
The dividend rating of WOLVERINE WORLD WIDE INC (WWW) is 6 / 10 and the dividend payout ratio is 38.94%.