Market Cap
US$2.9b
Last Updated
2020/01/18 23:56 UTC
Data Sources
Company Financials +
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.
Rewards
Risk Analysis
Snowflake Analysis
High growth potential 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's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-3.1%
CROX
2.7%
US Luxury
2.0%
US Market
1 Year Return
41.5%
CROX
22.3%
US Luxury
23.6%
US Market
Return vs Industry: CROX exceeded the US Luxury industry which returned 28% over the past year.
Return vs Market: CROX exceeded the US Market which returned 24.7% over the past year.
Shareholder returns
| CROX | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.1% | 2.7% | 2.0% |
| 30 Day | 5.9% | 1.7% | 3.9% |
| 90 Day | 26.8% | 9.3% | 12.0% |
| 1 Year | 41.5%41.5% | 24.8%22.3% | 26.2%23.6% |
| 3 Year | 480.7%480.7% | 75.4%67.6% | 53.2%43.3% |
| 5 Year | 286.1%286.1% | 59.5%48.9% | 75.7%56.3% |
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
1 week ago | Simply Wall St
How Should Investors React To Crocs, Inc.'s (NASDAQ:CROX) CEO Pay?1 month ago | Simply Wall St
When Should You Buy Crocs, Inc. (NASDAQ:CROX)?1 month ago | Simply Wall St
Estimating The Intrinsic Value Of Crocs, Inc. (NASDAQ:CROX)Valuation
Is Crocs undervalued compared to its fair value and its price relative to the market?
12.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CROX ($42.9) is trading below our estimate of fair value ($46.78)
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 unprofitable, so we can't compare its PE Ratio to the Luxury industry average.
PE vs Market: CROX is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate CROX's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CROX is overvalued based on its PB Ratio (25x) compared to the US Luxury industry average (1.3x).
Next Steps
Future Growth
How is Crocs forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
45.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CROX is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.7%).
Earnings vs Market: CROX is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: CROX's is expected to become profitable in the next 3 years.
Revenue vs Market: CROX's revenue (8.9% per year) is forecast to grow faster than the US market (7.5% per year).
High Growth Revenue: CROX's revenue (8.9% 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 high in 3 years time (38.6%)
Next Steps
Past Performance
How has Crocs performed over the past 5 years?
17.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CROX is currently unprofitable.
Growing Profit Margin: CROX is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: CROX is unprofitable, but has reduced losses over the past 5 years at a rate of 17.7% per year.
Accelerating Growth: Unable to compare CROX's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: CROX is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (15%).
Return on Equity
High ROE: CROX has a negative Return on Equity (75.47%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Crocs's financial position?
Financial Position Analysis
Short Term Liabilities: CROX's short term assets ($391.3M) exceed its short term liabilities ($233.5M).
Long Term Liabilities: CROX's short term assets ($391.3M) exceed its long term liabilities ($334.5M).
Debt to Equity History and Analysis
Debt Level: CROX's debt to equity ratio (157.4%) is considered high.
Reducing Debt: CROX's debt to equity ratio has increased from 1.7% to 157.4% over the past 5 years.
Balance Sheet
Inventory Level: CROX has a high level of physical assets or inventory.
Debt Coverage by Assets: CROX's debt is covered by short term assets (assets are 2.1x debt).
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 CROX has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: CROX is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 35.2% per year.
Next Steps
Dividend
What is Crocs's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate CROX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate CROX's dividend yield against the top 25% of dividend payers, as the company has not reported any 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
What is the CEO of Crocs's salary, the management and board of directors tenure and is there insider trading?
4.7yrs
Average management tenure
CEO
Andrew Rees (52yo)
2.6yrs
Tenure
US$9,100,814
Compensation
Mr. Andrew Rees has been the Chief Executive Officer of Crocs, Inc. since June 1, 2017 and its President since June 9, 2014. Mr. Rees served as an Acting Principal Executive Officer of Crocs, Inc. from Jun ...
CEO Compensation Analysis
Compensation vs Market: Andrew's total compensation ($USD9.10M) is above average for companies of similar size in the US market ($USD4.99M).
Compensation vs Earnings: Andrew's compensation has increased whilst the company is unprofitable.
Management Age and Tenure
4.7yrs
Average Tenure
56yo
Average Age
Experienced Management: CROX's management team is considered experienced (4.7 years average tenure).
Board Age and Tenure
5.4yrs
Average Tenure
61yo
Average Age
Experienced Board: CROX's board of directors are considered experienced (5.4 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Company |
| Shares | 6,864,545 |
| Max Price | US$35.54 |
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.9%.
Management Team
Michael Margolis (67yo)
Vice President of Sales & Marketing
- Tenure: 15yrs
- Compensation: US$1.24m
Marisa Jacobs
Global Head of Investor Relations
Terence Reilly
Chief Marketing Officer & Senior VP
- Tenure: 4.3yrs
Dan Hart (60yo)
Executive VP & Chief Legal and Risk Officer
- Tenure: 10yrs
- Compensation: US$1.73m
Andrew Rees (52yo)
President
- Tenure: 2.6yrs
- Compensation: US$9.10m
Michelle Poole
Senior Vice President of Global Product & Marketing
- Tenure: 5.3yrs
David Thomson
Senior VP & General Manager of Asia
- Tenure: 4.7yrs
Anne Mehlman (39yo)
Executive VP & CFO
- Tenure: 1.4yrs
- Compensation: US$877.09k
Shannon Sisler
Senior Vice President of Global Human Resources
Board Members
Doreen Wright (62yo)
Independent Director
- Tenure: 8.6yrs
- Compensation: US$254.99k
Tom Smach (58yo)
Independent Chairman
- Tenure: 8.6yrs
- Compensation: US$350.59k
Doug Treff (61yo)
Independent Director
- Tenure: 3.6yrs
- Compensation: US$245.00k
Beth Kaplan (61yo)
Director
Ron Frasch (70yo)
Independent Director
- Tenure: 13.3yrs
- Compensation: US$224.99k
Prakash Melwani (61yo)
Independent Director
- Tenure: 6yrs
- Compensation: US$215.00k
Ian Bickley (55yo)
Independent Director
- Tenure: 4.8yrs
- Compensation: US$210.00k
Bill Gray (67yo)
Independent Director
- Tenure: 1.6yrs
- Compensation: US$154.99k
Andrew Rees (52yo)
President
- Tenure: 2.6yrs
- Compensation: US$9.10m
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$2.853b
- Shares outstanding: 68.60m
- Website: https://www.crocs.com
Number of Employees
Location
- Crocs, Inc.
- 7477 East Dry Creek Parkway
- Niwot
- Colorado
- 80503
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CROX | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Feb 2006 |
| C7N | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Feb 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 footwear products, including clogs, sandals, flips and slides, shoes, and boots under the Crocs brand name. The company sells its products in approximately 85 countries through wholesalers and distributors, as well as through stores and e-commerce sites. As of December 31, 2018, it had 120 retail stores; 68 kiosks and store-in-stores; 195 outlet stores; and 13 company-operated e-commerce sites. The company was founded in 1999 and is headquartered in Niwot, Colorado.Â
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/01/18 23:56 |
| End of Day Share Price | 2020/01/17 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.