YETI HOLDINGS INC (YETI) Stock Fundamental Analysis
NYSE:YETI - New York Stock Exchange, Inc. - US98585X1046 - Common Stock - Currency: USD
Overall YETI gets a fundamental rating of 7 out of 10. We evaluated YETI against 30 industry peers in the Leisure Products industry. YETI scores excellent points on both the profitability and health parts. This is a solid base for a good stock. YETI may be a bit undervalued, certainly considering the very reasonable score on growth This makes YETI very considerable for value and quality investing!
1. Profitability
1.1 Basic Checks
YETI had positive earnings in the past year.
In the past year YETI had a positive cash flow from operations.
YETI had positive earnings in each of the past 5 years.
Each year in the past 5 years YETI had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 14.25%, YETI belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
YETI's Return On Equity of 23.09% is amongst the best of the industry. YETI outperforms 90.00% of its industry peers.
The Return On Invested Capital of YETI (19.59%) is better than 100.00% of its industry peers.
The Average Return On Invested Capital over the past 3 years for YETI is significantly above the industry average of 7.91%.
The last Return On Invested Capital (19.59%) for YETI is above the 3 year average (18.12%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 14.25% | ||
| ROE | 23.09% | ||
| ROIC | 19.59% |
ROA(3y)11.7%
ROA(5y)15.12%
ROE(3y)21.42%
ROE(5y)31.87%
ROIC(3y)18.12%
ROIC(5y)24.03%
1.3 Margins
The Profit Margin of YETI (9.59%) is better than 93.33% of its industry peers.
YETI's Profit Margin has improved in the last couple of years.
The Operating Margin of YETI (13.30%) is better than 93.33% of its industry peers.
In the last couple of years the Operating Margin of YETI has grown nicely.
YETI's Gross Margin of 58.18% is amongst the best of the industry. YETI outperforms 90.00% of its industry peers.
YETI's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 13.3% | ||
| PM (TTM) | 9.59% | ||
| GM | 58.18% |
OM growth 3Y-10.87%
OM growth 5Y7.01%
PM growth 3Y-13.95%
PM growth 5Y11.72%
GM growth 3Y0.15%
GM growth 5Y2.24%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so YETI is creating value.
Compared to 1 year ago, YETI has less shares outstanding
Compared to 5 years ago, YETI has less shares outstanding
YETI has a better debt/assets ratio than last year.
2.2 Solvency
YETI has an Altman-Z score of 6.76. This indicates that YETI is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 6.76, YETI belongs to the top of the industry, outperforming 86.67% of the companies in the same industry.
YETI has a debt to FCF ratio of 0.32. This is a very positive value and a sign of high solvency as it would only need 0.32 years to pay back of all of its debts.
YETI has a Debt to FCF ratio of 0.32. This is amongst the best in the industry. YETI outperforms 83.33% of its industry peers.
A Debt/Equity ratio of 0.09 indicates that YETI is not too dependend on debt financing.
With a Debt to Equity ratio value of 0.09, YETI perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.09 | ||
| Debt/FCF | 0.32 | ||
| Altman-Z | 6.76 |
ROIC/WACC2.17
WACC9.02%
2.3 Liquidity
YETI has a Current Ratio of 2.58. This indicates that YETI is financially healthy and has no problem in meeting its short term obligations.
YETI has a Current ratio of 2.58. This is comparable to the rest of the industry: YETI outperforms 60.00% of its industry peers.
A Quick Ratio of 1.47 indicates that YETI should not have too much problems paying its short term obligations.
YETI's Quick ratio of 1.47 is in line compared to the rest of the industry. YETI outperforms 53.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.58 | ||
| Quick Ratio | 1.47 |
3. Growth
3.1 Past
YETI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 12.86%, which is quite good.
The Earnings Per Share has been growing by 18.24% on average over the past years. This is quite good.
The Revenue has grown by 8.38% in the past year. This is quite good.
The Revenue has been growing by 14.90% on average over the past years. This is quite good.
EPS 1Y (TTM)12.86%
EPS 3Y2.28%
EPS 5Y18.24%
EPS Q2Q%-8.82%
Revenue 1Y (TTM)8.38%
Revenue growth 3Y9.05%
Revenue growth 5Y14.9%
Sales Q2Q%2.85%
3.2 Future
YETI is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.22% yearly.
YETI is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.11% yearly.
EPS Next Y-25.77%
EPS Next 2Y-4.37%
EPS Next 3Y1.52%
EPS Next 5Y4.22%
Revenue Next Year2.56%
Revenue Next 2Y4.01%
Revenue Next 3Y4.71%
Revenue Next 5Y4.11%
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 decreasing.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 11.80 indicates a reasonable valuation of YETI.
Compared to the rest of the industry, the Price/Earnings ratio of YETI indicates a rather cheap valuation: YETI is cheaper than 96.67% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 27.30. YETI is valued rather cheaply when compared to this.
Based on the Price/Forward Earnings ratio of 12.76, the valuation of YETI can be described as correct.
Compared to the rest of the industry, the Price/Forward Earnings ratio of YETI indicates a rather cheap valuation: YETI is cheaper than 83.33% of the companies listed in the same industry.
YETI's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 21.76.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.8 | ||
| Fwd PE | 12.76 |
4.2 Price Multiples
YETI's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. YETI is cheaper than 76.67% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, YETI is valued cheaper than 83.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.86 | ||
| EV/EBITDA | 8.63 |
4.3 Compensation for Growth
The excellent profitability rating of YETI may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.65
EPS Next 2Y-4.37%
EPS Next 3Y1.52%
5. Dividend
5.1 Amount
YETI does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
32.09
-0.79 (-2.4%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryLeisure Products
Earnings (Last)
Earnings (Next)
Inst Owners109.56%
Inst Owner Change-0.23%
Ins Owners0.59%
Ins Owner Change17.31%
Market Cap2.66B
Analysts74.78
Price Target34.75 (8.29%)
Short Float %9.09%
Short Ratio3.08
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)9.33%
Min EPS beat(2)5.65%
Max EPS beat(2)13.01%
EPS beat(4)4
Avg EPS beat(4)7.75%
Min EPS beat(4)4.56%
Max EPS beat(4)13.01%
EPS beat(8)7
Avg EPS beat(8)10.69%
EPS beat(12)9
Avg EPS beat(12)7.28%
EPS beat(16)13
Avg EPS beat(16)7.13%
Revenue beat(2)0
Avg Revenue beat(2)-1.87%
Min Revenue beat(2)-2.93%
Max Revenue beat(2)-0.81%
Revenue beat(4)1
Avg Revenue beat(4)-0.94%
Min Revenue beat(4)-2.93%
Max Revenue beat(4)0.43%
Revenue beat(8)3
Avg Revenue beat(8)-0.9%
Revenue beat(12)5
Avg Revenue beat(12)-1.44%
Revenue beat(16)6
Avg Revenue beat(16)-0.86%
PT rev (1m)-9.46%
PT rev (3m)-22.47%
EPS NQ rev (1m)0.58%
EPS NQ rev (3m)-27.9%
EPS NY rev (1m)0%
EPS NY rev (3m)-31.48%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-4.39%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-3.32%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.8 | ||
| Fwd PE | 12.76 | ||
| P/S | 1.44 | ||
| P/FCF | 10.86 | ||
| P/OCF | 9.33 | ||
| P/B | 3.48 | ||
| P/tB | 5.13 | ||
| EV/EBITDA | 8.63 |
EPS(TTM)2.72
EY8.48%
EPS(NY)2.51
Fwd EY7.84%
FCF(TTM)2.95
FCFY9.21%
OCF(TTM)3.44
OCFY10.71%
SpS22.21
BVpS9.23
TBVpS6.25
PEG (NY)N/A
PEG (5Y)0.65
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 14.25% | ||
| ROE | 23.09% | ||
| ROCE | 26.01% | ||
| ROIC | 19.59% | ||
| ROICexc | 27.04% | ||
| ROICexgc | 42.36% | ||
| OM | 13.3% | ||
| PM (TTM) | 9.59% | ||
| GM | 58.18% | ||
| FCFM | 13.3% |
ROA(3y)11.7%
ROA(5y)15.12%
ROE(3y)21.42%
ROE(5y)31.87%
ROIC(3y)18.12%
ROIC(5y)24.03%
ROICexc(3y)31.36%
ROICexc(5y)46.16%
ROICexgc(3y)52.17%
ROICexgc(5y)114.29%
ROCE(3y)24.06%
ROCE(5y)31.91%
ROICexcg growth 3Y-11.25%
ROICexcg growth 5Y17.49%
ROICexc growth 3Y-13.92%
ROICexc growth 5Y14.69%
OM growth 3Y-10.87%
OM growth 5Y7.01%
PM growth 3Y-13.95%
PM growth 5Y11.72%
GM growth 3Y0.15%
GM growth 5Y2.24%
F-Score7
Asset Turnover1.49
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.09 | ||
| Debt/FCF | 0.32 | ||
| Debt/EBITDA | 0.24 | ||
| Cap/Depr | 80.48% | ||
| Cap/Sales | 2.18% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 96.69% | ||
| Profit Quality | 138.67% | ||
| Current Ratio | 2.58 | ||
| Quick Ratio | 1.47 | ||
| Altman-Z | 6.76 |
F-Score7
WACC9.02%
ROIC/WACC2.17
Cap/Depr(3y)103.79%
Cap/Depr(5y)107.46%
Cap/Sales(3y)2.74%
Cap/Sales(5y)2.72%
Profit Quality(3y)108.26%
Profit Quality(5y)118.49%
High Growth Momentum
Growth
EPS 1Y (TTM)12.86%
EPS 3Y2.28%
EPS 5Y18.24%
EPS Q2Q%-8.82%
EPS Next Y-25.77%
EPS Next 2Y-4.37%
EPS Next 3Y1.52%
EPS Next 5Y4.22%
Revenue 1Y (TTM)8.38%
Revenue growth 3Y9.05%
Revenue growth 5Y14.9%
Sales Q2Q%2.85%
Revenue Next Year2.56%
Revenue Next 2Y4.01%
Revenue Next 3Y4.71%
Revenue Next 5Y4.11%
EBIT growth 1Y3.19%
EBIT growth 3Y-2.81%
EBIT growth 5Y22.96%
EBIT Next Year-8.73%
EBIT Next 3Y5.77%
EBIT Next 5Y3.2%
FCF growth 1Y145.91%
FCF growth 3Y34.42%
FCF growth 5Y31.99%
OCF growth 1Y99.41%
OCF growth 3Y21.29%
OCF growth 5Y24.64%