Is It Too Late To Consider Buying Crocs, Inc. (NASDAQ:CROX)?
Jun 13
U.S. Luxury Industry Analysis
UpdatedJun 14, 2024
DataAggregated Company Financials
Companies66
- 7D-1.8%
- 3M-5.2%
- 1Y-2.1%
- YTD-5.5%
Over the last 7 days, the Luxury industry has dropped 1.8%, driven by declines in NIKE and Lululemon Athletica of 1.6% and 4.8%, respectively. Meanwhile, Crocs actually outperformed within the industry, gaining 6.9% in the last week. Over the last year, the industry has been flat overall. As for the next few years, earnings are expected to grow by 14% per annum.
Industry Valuation and Performance
Has the U.S. Luxury Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 14 Jun 2024 | US$335.1b | US$168.2b | US$10.8b | 19x | 31x | 2x |
| Sun, 12 May 2024 | US$315.0b | US$163.8b | US$11.6b | 19.1x | 27.2x | 1.9x |
| Tue, 09 Apr 2024 | US$311.0b | US$164.5b | US$11.5b | 18.4x | 27x | 1.9x |
| Thu, 07 Mar 2024 | US$345.0b | US$164.5b | US$10.8b | 17.9x | 32x | 2.1x |
| Sat, 03 Feb 2024 | US$338.3b | US$159.6b | US$11.0b | 18.1x | 30.7x | 2.1x |
| Mon, 01 Jan 2024 | US$353.5b | US$159.4b | US$11.0b | 17.7x | 32x | 2.2x |
| Wed, 29 Nov 2023 | US$333.2b | US$158.9b | US$10.4b | 16.7x | 32.1x | 2.1x |
| Fri, 27 Oct 2023 | US$303.9b | US$158.5b | US$10.5b | 14.8x | 28.9x | 1.9x |
| Sun, 24 Sep 2023 | US$284.2b | US$156.8b | US$10.6b | 13.1x | 26.9x | 1.8x |
| Tue, 22 Aug 2023 | US$313.7b | US$156.3b | US$10.5b | 14.9x | 30x | 2x |
| Thu, 20 Jul 2023 | US$329.6b | US$156.7b | US$10.7b | 13.6x | 30.7x | 2.1x |
| Sat, 17 Jun 2023 | US$327.5b | US$155.6b | US$11.2b | 12.2x | 29.3x | 2.1x |
| Mon, 15 May 2023 | US$337.5b | US$155.2b | US$11.5b | 11.6x | 29.5x | 2.2x |
| Wed, 12 Apr 2023 | US$345.6b | US$160.7b | US$10.9b | 12.6x | 31.8x | 2.2x |
| Fri, 10 Mar 2023 | US$327.7b | US$157.9b | US$11.6b | 11.5x | 28.3x | 2.1x |
| Sun, 05 Feb 2023 | US$359.2b | US$157.7b | US$12.5b | 11.8x | 28.8x | 2.3x |
| Tue, 03 Jan 2023 | US$328.2b | US$158.1b | US$13.0b | 9.7x | 25.3x | 2.1x |
| Thu, 01 Dec 2022 | US$327.7b | US$155.2b | US$13.5b | 10.7x | 24.3x | 2.1x |
| Sat, 29 Oct 2022 | US$282.0b | US$154.8b | US$14.8b | 9.7x | 19x | 1.8x |
| Mon, 26 Sep 2022 | US$281.8b | US$153.9b | US$15.9b | 9.5x | 17.7x | 1.8x |
| Wed, 24 Aug 2022 | US$322.3b | US$153.6b | US$15.7b | 10.7x | 20.5x | 2.1x |
| Fri, 22 Jul 2022 | US$323.9b | US$152.4b | US$16.1b | 10.4x | 20.1x | 2.1x |
| Sun, 19 Jun 2022 | US$305.3b | US$152.4b | US$16.2b | 9.7x | 18.8x | 2x |
| Tue, 17 May 2022 | US$325.9b | US$150.6b | US$15.7b | 11.2x | 20.8x | 2.2x |
| Thu, 14 Apr 2022 | US$372.3b | US$146.8b | US$15.1b | 11.7x | 24.7x | 2.5x |
| Sat, 12 Mar 2022 | US$349.7b | US$144.9b | US$14.8b | 13.1x | 23.7x | 2.4x |
| Mon, 07 Feb 2022 | US$418.2b | US$145.5b | US$15.1b | 15.7x | 27.7x | 2.9x |
| Wed, 05 Jan 2022 | US$478.1b | US$144.0b | US$14.0b | 17.9x | 34.1x | 3.3x |
| Fri, 03 Dec 2021 | US$484.3b | US$142.0b | US$13.8b | 18.6x | 35.1x | 3.4x |
| Sun, 31 Oct 2021 | US$485.1b | US$139.6b | US$13.1b | 19.7x | 37x | 3.5x |
| Tue, 28 Sep 2021 | US$447.7b | US$137.8b | US$12.5b | 18.7x | 35.7x | 3.2x |
| Thu, 26 Aug 2021 | US$471.0b | US$136.8b | US$11.8b | 15.2x | 39.8x | 3.4x |
| Fri, 02 Jul 2021 | US$445.1b | US$133.2b | US$10.6b | 17.2x | 42.1x | 3.3x |
Price to Earnings Ratio
42.1x
Current Industry PE
- Investors are relatively neutral on the American Luxury industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 28.8x.
- The 3-year average PS ratio of 2.4x is higher than the industry's current PS ratio of 2.0x.
Past Earnings Growth
- The earnings for companies in the Luxury industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 8.1% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the U.S. Consumer Discretionary industry?
| US Market | 1.18% | |
| Consumer Discretionary | -0.33% | |
| Luxury | -1.78% | |
| Footwear | -0.88% | |
| Apparel, Accessories and Luxury Goods | -3.43% | |
| Textiles | -4.94% | |
Industry PE
- Investors are most optimistic about the Apparel, Accessories and Luxury Goods industry which is trading above its 3-year average PE ratio of 25.9x.
- Analysts are expecting annual earnings growth of 18.6%, which is higher than its past year's earnings growth of 2.4% per year.
Forecasted Growth
- Analysts are most optimistic on the Textiles industry, expecting annual earnings growth of 107% over the next 5 years.
- This is better than its past earnings decline of 35% per year.
- In contrast, the Footwear industry is expected to see its earnings grow by 12% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| CROX Crocs | US$158.65 | 6.9% +US$621.6m | 37.8% | PE12.1x | |
| SKX Skechers U.S.A | US$73.75 | 3.8% +US$411.8m | 40.3% | PE19x | |
| RL Ralph Lauren | US$186.30 | 2.4% +US$270.0m | 53.4% | PE18x | |
| BIRK Birkenstock Holding | US$59.95 | 2.3% +US$255.4m | n/a | PE105.6x | |
| ONON On Holding | US$42.90 | 1.7% +US$223.1m | 41.7% | PE96.5x |
