Superdry (LSE:SDRY) - Share price, News & Analysis

SDRY fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	4/6
Past Performance	0/6
Financial Health	5/6
Dividends	0/6

SDRY Stock Overview

Rewards

Trading at 67.6% below our estimate of its fair value

Earnings are forecast to grow 56.77% per year

Risk Analysis

Volatile share price over the past 3 months

Superdry Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Superdry
Historical stock prices
Current Share Price	UK£1.47
52 Week High	UK£4.68
52 Week Low	UK£1.33
Beta	2.67
1 Month Change	-8.83%
3 Month Change	-13.15%
1 Year Change	-64.97%
3 Year Change	-68.20%
5 Year Change	-90.19%
Change since IPO	-72.85%

Shareholder Returns

	SDRY	GB Specialty Retail	GB Market
7D	-3.8%	4.2%	2.3%
1Y	-65.0%	-25.6%	-8.6%

Return vs Industry: SDRY underperformed the UK Specialty Retail industry which returned -25.6% over the past year.

Return vs Market: SDRY underperformed the UK Market which returned -8.6% over the past year.

Price Volatility

Is SDRY's price volatile compared to industry and market?
SDRY volatility
SDRY Average Weekly Movement	9.4%
Specialty Retail Industry Average Movement	6.5%
Market Average Movement	5.5%
10% most volatile stocks in GB Market	10.8%
10% least volatile stocks in GB Market	2.8%

Stable Share Price: SDRY is more volatile than 75% of UK stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: SDRY's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of UK stocks.

About the Company

Founded	Employees	CEO	Website
1985	4,000	Julian Dunkerton	https://corporate.superdry.com

Superdry plc engages in the design, production, and sale of clothing and accessories primarily under the Superdry brand for men and women in the United Kingdom, the Republic of Ireland, Europe, and internationally. It operates through Retail and Wholesale segments. The company offers clothing, accessories, and footwear.

Superdry Fundamentals Summary

How do Superdry's earnings and revenue compare to its market cap?
SDRY fundamental statistics
Market Cap	UK£120.41m
Earnings (TTM)	-UK£18.20m
Revenue (TTM)	UK£550.60m

0.2x

P/S Ratio

-6.6x

P/E Ratio

Is SDRY overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
SDRY income statement (TTM)
Revenue	UK£550.60m
Cost of Revenue	UK£250.30m
Gross Profit	UK£300.30m
Other Expenses	UK£318.50m
Earnings	-UK£18.20m

Last Reported Earnings

Oct 23, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	-0.22
Gross Margin	54.54%
Net Profit Margin	-3.31%
Debt/Equity Ratio	52.2%

How did SDRY perform over the long term?

See historical performance and comparison

We’ve recently updated our valuation analysis.

Valuation

Is SDRY undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SDRY?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for SDRY. This is calculated by dividing SDRY's market cap by their current preferred multiple.
What is SDRY's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	UK£120.41m

SDRY key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	0.7x
Enterprise Value/EBITDA	-20.6x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does SDRY's PS Ratio compare to its peers?

SDRY PS Ratio vs Peers

The above table shows the PS ratio for SDRY vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PS	Estimated Growth	Market Cap
Peer Average	0.4x

Forward PS

Price-To-Sales vs Peers: SDRY is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (0.4x).

Price to Earnings Ratio vs Industry

How does SDRY's PE Ratio compare vs other companies in the U.K. Specialty Retail Industry?

Price-To-Sales vs Industry: SDRY is good value based on its Price-To-Sales Ratio (0.2x) compared to the UK Specialty Retail industry average (0.3x)

Price to Sales Ratio vs Fair Ratio

What is SDRY's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SDRY PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.2x
Fair PS Ratio	0.5x

Price-To-Sales vs Fair Ratio: SDRY is good value based on its Price-To-Sales Ratio (0.2x) compared to the estimated Fair Price-To-Sales Ratio (0.5x).

Share Price vs Fair Value

What is the Fair Price of SDRY when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SDRY (£1.47) is trading below our estimate of fair value (£4.52)

Significantly Below Fair Value: SDRY is trading below fair value by more than 20%.

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate SDRY's PEG Ratio to determine if it is good value.

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Future Growth

How is Superdry forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

56.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SDRY is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.9%).

Earnings vs Market: SDRY is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: SDRY is expected to become profitable in the next 3 years.

Revenue vs Market: SDRY's revenue (4.3% per year) is forecast to grow faster than the UK market (4.1% per year).

High Growth Revenue: SDRY's revenue (4.3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: SDRY's Return on Equity is forecast to be low in 3 years time (11.5%).

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Past Performance

How has Superdry performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-49.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SDRY is currently unprofitable.

Growing Profit Margin: SDRY is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: SDRY is unprofitable, and losses have increased over the past 5 years at a rate of 49.6% per year.

Accelerating Growth: Unable to compare SDRY's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: SDRY is unprofitable, making it difficult to compare its past year earnings growth to the Specialty Retail industry (46.2%).

Return on Equity

High ROE: SDRY has a negative Return on Equity (-19.78%), as it is currently unprofitable.

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Financial Health

How is Superdry's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: SDRY's short term assets (£320.8M) exceed its short term liabilities (£269.5M).

Long Term Liabilities: SDRY's short term assets (£320.8M) exceed its long term liabilities (£179.3M).

Debt to Equity History and Analysis

Debt Level: SDRY's net debt to equity ratio (4.2%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if SDRY's debt to equity ratio has reduced over the past 5 years.

Balance Sheet

Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable SDRY has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: SDRY is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 30% per year.

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Dividend

What is Superdry current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

2.01%

Forecast Dividend Yield

Dividend Yield vs Market

Notable Dividend: Unable to evaluate SDRY's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate SDRY's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if SDRY's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SDRY's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: SDRY is not paying a notable dividend for the UK market.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as SDRY has not reported any payouts.

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Management

How experienced are the management team and are they aligned to shareholders interests?

1.3yrs

Average management tenure

CEO

Julian Dunkerton (56 yo)

19.42yrs

Tenure

UK£594,448

Compensation

Mr. Julian Dunkerton co-founded Superdry Plc (formerly SuperGroup Plc) in 2003 and served as its Product and Brand Director since October 2014 until March 31, 2018. As a retail guru, he is respected across...

CEO Compensation Analysis

Compensation vs Market: Julian's total compensation ($USD730.61K) is above average for companies of similar size in the UK market ($USD335.04K).

Compensation vs Earnings: Julian's compensation has been consistent with company performance over the past year.

Leadership Team

Experienced Management: SDRY's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.

Board Members

Experienced Board: SDRY's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/06/26 00:00
End of Day Share Price	2022/06/24 00:00
Earnings	2021/10/23
Annual Earnings	2021/04/24