YETI HOLDINGS INC (YETI) Stock Fundamental Analysis
NYSE:YETI - New York Stock Exchange, Inc. - US98585X1046 - Common Stock - Currency: USD
YETI gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 30 industry peers in the Leisure Products industry. Both the health and profitability get an excellent rating, making YETI a very profitable company, without any liquidiy or solvency issues. YETI is not valued too expensively and it also shows a decent growth rate. These ratings would make YETI suitable for quality investing!
1. Profitability
1.1 Basic Checks
In the past year YETI was profitable.
YETI had a positive operating cash flow in the past year.
Each year in the past 5 years YETI has been profitable.
Each year in the past 5 years YETI had a positive operating cash flow.
1.2 Ratios
YETI has a Return On Assets of 13.66%. This is amongst the best in the industry. YETI outperforms 100.00% of its industry peers.
With an excellent Return On Equity value of 23.74%, YETI belongs to the best of the industry, outperforming 96.67% of the companies in the same industry.
With an excellent Return On Invested Capital value of 20.67%, YETI belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for YETI is significantly above the industry average of 8.27%.
The last Return On Invested Capital (20.67%) for YETI is above the 3 year average (18.12%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.66% | ||
| ROE | 23.74% | ||
| ROIC | 20.67% |
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
Looking at the Profit Margin, with a value of 9.60%, YETI belongs to the top of the industry, outperforming 96.67% of the companies in the same industry.
In the last couple of years the Profit Margin of YETI has grown nicely.
The Operating Margin of YETI (13.60%) is better than 96.67% of its industry peers.
In the last couple of years the Operating Margin of YETI has grown nicely.
YETI's Gross Margin of 58.11% 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 | 13.6% | ||
| PM (TTM) | 9.6% | ||
| GM | 58.11% |
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
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), YETI is creating value.
YETI has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, YETI has less shares outstanding
Compared to 1 year ago, YETI has an improved debt to assets ratio.
2.2 Solvency
YETI has an Altman-Z score of 6.59. This indicates that YETI is financially healthy and has little risk of bankruptcy at the moment.
YETI has a Altman-Z score of 6.59. This is amongst the best in the industry. YETI outperforms 90.00% of its industry peers.
YETI has a debt to FCF ratio of 0.36. This is a very positive value and a sign of high solvency as it would only need 0.36 years to pay back of all of its debts.
YETI has a better Debt to FCF ratio (0.36) than 86.67% of its industry peers.
A Debt/Equity ratio of 0.10 indicates that YETI is not too dependend on debt financing.
YETI's Debt to Equity ratio of 0.10 is in line compared to the rest of the industry. YETI outperforms 56.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.1 | ||
| Debt/FCF | 0.36 | ||
| Altman-Z | 6.59 |
ROIC/WACC2.32
WACC8.92%
2.3 Liquidity
A Current Ratio of 2.18 indicates that YETI has no problem at all paying its short term obligations.
YETI's Current ratio of 2.18 is in line compared to the rest of the industry. YETI outperforms 53.33% of its industry peers.
YETI has a Quick Ratio of 1.36. This is a normal value and indicates that YETI is financially healthy and should not expect problems in meeting its short term obligations.
YETI has a Quick ratio of 1.36. This is comparable to the rest of the industry: YETI outperforms 53.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.18 | ||
| Quick Ratio | 1.36 |
3. Growth
3.1 Past
YETI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 22.22%, which is quite impressive.
Measured over the past years, YETI shows a quite strong growth in Earnings Per Share. The EPS has been growing by 18.24% on average per year.
Looking at the last year, YETI shows a quite strong growth in Revenue. The Revenue has grown by 10.31% in the last year.
YETI shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 14.90% yearly.
EPS 1Y (TTM)22.22%
EPS 3Y2.28%
EPS 5Y18.24%
EPS Q2Q%11.11%
Revenue 1Y (TTM)10.31%
Revenue growth 3Y9.05%
Revenue growth 5Y14.9%
Sales Q2Q%5.15%
3.2 Future
Based on estimates for the next years, YETI will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.78% on average per year.
Based on estimates for the next years, YETI will show a small growth in Revenue. The Revenue will grow by 7.20% on average per year.
EPS Next Y8.06%
EPS Next 2Y8.39%
EPS Next 3Y9.11%
EPS Next 5Y10.78%
Revenue Next Year6.2%
Revenue Next 2Y6.19%
Revenue Next 3Y6.56%
Revenue Next 5Y7.2%
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
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
With a Price/Earnings ratio of 13.39, YETI is valued correctly.
YETI's Price/Earnings ratio is rather cheap when compared to the industry. YETI is cheaper than 86.67% of the companies in the same industry.
YETI is valuated cheaply when we compare the Price/Earnings ratio to 29.63, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 12.39, the valuation of YETI can be described as correct.
Based on the Price/Forward Earnings ratio, YETI is valued a bit cheaper than 76.67% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.68, YETI is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.39 | ||
| Fwd PE | 12.39 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, YETI is valued a bit cheaper than the industry average as 80.00% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of YETI indicates a somewhat cheap valuation: YETI is cheaper than 70.00% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.23 | ||
| EV/EBITDA | 9.6 |
4.3 Compensation for Growth
YETI's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
YETI has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)1.66
PEG (5Y)0.73
EPS Next 2Y8.39%
EPS Next 3Y9.11%
5. Dividend
5.1 Amount
YETI does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
36.83
-0.08 (-0.22%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryLeisure Products
Earnings (Last)
Earnings (Next)
Inst Owners108.84%
Inst Owner Change6.7%
Ins Owners0.39%
Ins Owner Change-0.98%
Market Cap3.12B
Analysts73.91
Price Target45.2 (22.73%)
Short Float %13.26%
Short Ratio7.15
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly Dividend0
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)5.11%
Min EPS beat(2)4.56%
Max EPS beat(2)5.65%
EPS beat(4)4
Avg EPS beat(4)13.44%
Min EPS beat(4)4.56%
Max EPS beat(4)35.78%
EPS beat(8)7
Avg EPS beat(8)10.03%
EPS beat(12)9
Avg EPS beat(12)6.25%
EPS beat(16)13
Avg EPS beat(16)11.01%
Revenue beat(2)0
Avg Revenue beat(2)-1.7%
Min Revenue beat(2)-2.93%
Max Revenue beat(2)-0.47%
Revenue beat(4)2
Avg Revenue beat(4)-0.64%
Min Revenue beat(4)-2.93%
Max Revenue beat(4)0.43%
Revenue beat(8)4
Avg Revenue beat(8)-0.7%
Revenue beat(12)5
Avg Revenue beat(12)-1.44%
Revenue beat(16)7
Avg Revenue beat(16)-0.17%
PT rev (1m)-0.27%
PT rev (3m)-3.7%
EPS NQ rev (1m)-0.14%
EPS NQ rev (3m)-1.08%
EPS NY rev (1m)-0.05%
EPS NY rev (3m)0.49%
Revenue NQ rev (1m)-0.06%
Revenue NQ rev (3m)-0.24%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.05%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.39 | ||
| Fwd PE | 12.39 | ||
| P/S | 1.71 | ||
| P/FCF | 14.23 | ||
| P/OCF | 11.95 | ||
| P/B | 4.22 | ||
| P/tB | 6.3 | ||
| EV/EBITDA | 9.6 |
EPS(TTM)2.75
EY7.47%
EPS(NY)2.97
Fwd EY8.07%
FCF(TTM)2.59
FCFY7.03%
OCF(TTM)3.08
OCFY8.37%
SpS21.57
BVpS8.72
TBVpS5.84
PEG (NY)1.66
PEG (5Y)0.73
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.66% | ||
| ROE | 23.74% | ||
| ROCE | 27.45% | ||
| ROIC | 20.67% | ||
| ROICexc | 34.21% | ||
| ROICexgc | 61.81% | ||
| OM | 13.6% | ||
| PM (TTM) | 9.6% | ||
| GM | 58.11% | ||
| FCFM | 12% |
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-Score8
Asset Turnover1.42
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.1 | ||
| Debt/FCF | 0.36 | ||
| Debt/EBITDA | 0.25 | ||
| Cap/Depr | 86.91% | ||
| Cap/Sales | 2.29% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 88.02% | ||
| Profit Quality | 124.97% | ||
| Current Ratio | 2.18 | ||
| Quick Ratio | 1.36 | ||
| Altman-Z | 6.59 |
F-Score8
WACC8.92%
ROIC/WACC2.32
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)22.22%
EPS 3Y2.28%
EPS 5Y18.24%
EPS Q2Q%11.11%
EPS Next Y8.06%
EPS Next 2Y8.39%
EPS Next 3Y9.11%
EPS Next 5Y10.78%
Revenue 1Y (TTM)10.31%
Revenue growth 3Y9.05%
Revenue growth 5Y14.9%
Sales Q2Q%5.15%
Revenue Next Year6.2%
Revenue Next 2Y6.19%
Revenue Next 3Y6.56%
Revenue Next 5Y7.2%
EBIT growth 1Y9.9%
EBIT growth 3Y-2.81%
EBIT growth 5Y22.96%
EBIT Next Year24.64%
EBIT Next 3Y10.13%
EBIT Next 5Y10.08%
FCF growth 1Y-6.68%
FCF growth 3Y34.42%
FCF growth 5Y31.99%
OCF growth 1Y-8.59%
OCF growth 3Y21.29%
OCF growth 5Y24.64%