NasdaqGS:CROX

Stock Analysis Report

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Executive Summary

Crocs, Inc., together with its subsidiaries, designs, develops, manufactures, markets, and distributes casual lifestyle footwear and accessories for men, women, and children worldwide. More Details


Snowflake Analysis

Proven track record with adequate balance sheet.


Similar Companies

Share Price & News

How has Crocs's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CROX is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: CROX's weekly volatility has decreased from 12% to 6% over the past year.


Market Performance


7 Day Return

4.7%

CROX

1.4%

US Luxury

0.9%

US Market


1 Year Return

71.2%

CROX

27.5%

US Luxury

22.1%

US Market

Return vs Industry: CROX exceeded the US Luxury industry which returned 27.9% over the past year.

Return vs Market: CROX exceeded the US Market which returned 22.2% over the past year.


Shareholder returns

CROXIndustryMarket
7 Day4.7%1.4%0.9%
30 Day13.8%13.5%10.2%
90 Day62.0%22.8%9.7%
1 Year71.2%71.2%28.7%27.5%24.8%22.1%
3 Year481.8%481.8%84.1%76.2%48.6%38.7%
5 Year447.8%447.8%85.0%73.0%99.6%77.6%

Long-Term Price Volatility Vs. Market

How volatile is Crocs's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Crocs undervalued compared to its fair value and its price relative to the market?

19.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CROX ($62.78) is trading below our estimate of fair value ($77.97)

Significantly Below Fair Value: CROX is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: CROX is poor value based on its PE Ratio (28.5x) compared to the US Luxury industry average (20x).

PE vs Market: CROX is poor value based on its PE Ratio (28.5x) compared to the US market (19.4x).


Price to Earnings Growth Ratio

PEG Ratio: CROX is poor value based on its PEG Ratio (1.9x)


Price to Book Ratio

PB vs Industry: CROX is overvalued based on its PB Ratio (18.6x) compared to the US Luxury industry average (1.5x).


Next Steps

Future Growth

How is Crocs forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

14.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CROX's forecast earnings growth (14.6% per year) is above the savings rate (2.2%).

Earnings vs Market: CROX's earnings (14.6% per year) are forecast to grow slower than the US market (21.9% per year).

High Growth Earnings: CROX's earnings are forecast to grow, but not significantly.

Revenue vs Market: CROX's revenue (8.4% per year) is forecast to grow slower than the US market (10.2% per year).

High Growth Revenue: CROX's revenue (8.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CROX's Return on Equity is forecast to be very high in 3 years time (42.5%).


Next Steps

Past Performance

How has Crocs performed over the past 5 years?

65.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CROX has high quality earnings.

Growing Profit Margin: CROX became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: CROX has become profitable over the past 5 years, growing earnings by 65.4% per year.

Accelerating Growth: CROX has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: CROX has become profitable in the last year, making it difficult to compare its past year earnings growth to the Luxury industry (-43.6%).


Return on Equity

High ROE: CROX's Return on Equity (65.5%) is considered outstanding.


Next Steps

Financial Health

How is Crocs's financial position?


Financial Position Analysis

Short Term Liabilities: CROX's short term assets ($472.3M) exceed its short term liabilities ($278.6M).

Long Term Liabilities: CROX's short term assets ($472.3M) exceed its long term liabilities ($295.4M).


Debt to Equity History and Analysis

Debt Level: CROX's debt to equity ratio (59.2%) is considered high.

Reducing Debt: CROX's debt to equity ratio has increased from 1.5% to 59.2% over the past 5 years.

Debt Coverage: CROX's debt is well covered by operating cash flow (129.9%).

Interest Coverage: CROX's interest payments on its debt are well covered by EBIT (22.3x coverage).


Balance Sheet


Next Steps

Dividend

What is Crocs's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate CROX'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 CROX's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CROX's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

3.5yrs

Average management tenure


CEO

Andrew Rees (53 yo)

3.5yrs

Tenure

US$6,217,747

Compensation

Mr. Andrew Rees has been the Chief Executive Officer of Crocs, Inc. since June 1, 2017 and served as its President since June 9, 2014 until September 10, 2020. Mr. Rees served as an Acting Principal Execut...


CEO Compensation Analysis

Compensation vs Market: Andrew's total compensation ($USD6.22M) is about average for companies of similar size in the US market ($USD5.14M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Andrew Rees
CEO & Director3.5yrsUS$6.22m1.81%
$ 76.6m
Anne Mehlman
Executive VP & CFO2.33yrsUS$1.99m0.15%
$ 6.2m
Daniel Hart
Executive VP & Chief Legal and Risk Officer10.92yrsUS$1.69m0.35%
$ 14.7m
Michelle Poole
President0.25yrno data0.051%
$ 2.2m
Elaine Boltz
Executive Vice President of Chief Operations & Transformations Officer0.75yrno datano data
Michael Feliton
Senior VP & Chief Information Officerno datano datano data
Marisa Jacobs
Global Head of Investor Relationsno datano datano data
Terence Reilly
Chief Marketing Officer & Senior VP5.25yrsno datano data
Shannon Sisler
Senior Vice President of Global Human Resourcesno datano datano data
David Thomson
Senior VP & General Manager of Asia5.58yrsno datano data
Corinne Lin
Vice President of Corporate Financeno datano datano data
Adam Michaels
Senior VP & Chief Digital Officerno datano datano data

3.5yrs

Average Tenure

52yo

Average Age

Experienced Management: CROX's management team is considered experienced (3.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Andrew Rees
CEO & Director3.5yrsUS$6.22m1.81%
$ 76.6m
Doreen Wright
Independent Director9.5yrsUS$254.99k0.0043%
$ 181.8k
Thomas Smach
Independent Chairman9.5yrsUS$350.60k0.13%
$ 5.5m
Douglas Treff
Independent Director4.5yrsUS$239.99k0.12%
$ 5.2m
Beth Kaplan
Independent Director0.92yrno data0.0056%
$ 235.6k
Ronald Frasch
Independent Director14.17yrsUS$222.49k0.18%
$ 7.6m
Ian Bickley
Independent Director5.67yrsUS$236.24k0.14%
$ 5.9m
Charisse Hughes
Director0.17yrno data0.0045%
$ 191.5k

5.1yrs

Average Tenure

62yo

Average Age

Experienced Board: CROX's board of directors are considered experienced (5.1 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: CROX insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Crocs, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Crocs, Inc.
  • Ticker: CROX
  • Exchange: NasdaqGS
  • Founded: 1999
  • Industry: Footwear
  • Sector: Consumer Durables
  • Market Cap: US$4.237b
  • Shares outstanding: 67.50m
  • Website: https://www.crocs.com

Number of Employees


Location

  • Crocs, Inc.
  • 7477 East Dry Creek Parkway
  • Niwot
  • Colorado
  • 80503
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CROXNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDFeb 2006
C7NDB (Deutsche Boerse AG)YesCommon StockDEEURFeb 2006

Biography

Crocs, Inc., together with its subsidiaries, designs, develops, manufactures, markets, and distributes casual lifestyle footwear and accessories for men, women, and children worldwide. It offers various fo...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/03 23:35
End of Day Share Price2020/12/03 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.