NasdaqGM:ESCA

Stock Analysis Report

Executive Summary

Escalade, Incorporated, together with its subsidiaries, manufactures and sells sporting goods in North America, Europe, and internationally.

Snowflake

Fundamentals

Excellent balance sheet average dividend payer.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

2.9%

ESCA

3.1%

US Leisure

1.0%

US Market


1 Year Return

-6.3%

ESCA

-4.7%

US Leisure

6.7%

US Market

Return vs Industry: ESCA underperformed the US Leisure industry which returned -4.7% over the past year.

Return vs Market: ESCA underperformed the US Market which returned 6.7% over the past year.


Share holder returns

ESCAIndustryMarket
7 Day2.9%3.1%1.0%
30 Day1.4%0.7%-1.8%
90 Day-4.1%3.5%-1.8%
1 Year-2.0%-6.3%-3.1%-4.7%9.1%6.7%
3 Year2.6%-8.7%-0.2%-5.3%46.1%36.6%
5 Year18.2%-1.3%17.9%4.9%66.9%48.6%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Escalade undervalued based on future cash flows and its price relative to the stock market?

17.37x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Undervalued: ESCA ($11.18) is trading above our estimate of fair value ($6.82)

Significantly Undervalued: ESCA is trading above our estimate of fair value.


Price Based on Earnings

PE vs Industry: ESCA is good value based on its PE Ratio (17.4x) compared to the Leisure industry average (17.4x).

PE vs Market: ESCA is good value based on its PE Ratio (17.4x) compared to the US market (17.5x).


Price Based on Expected Growth

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


Price Based on Value of Assets

PB vs Industry: ESCA is good value based on its PB Ratio (1.3x) compared to the US Leisure industry average (2.3x).


Next Steps

Future Growth

How is Escalade expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

15.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: ESCA's forecast earnings growth (15% per year) is above the savings rate (2.7%).

Earnings vs Market: ESCA's earnings (15% per year) are forecast to grow faster than the US market (14.5% per year).

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

Revenue vs Market: Insufficient data to determine if ESCA's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if ESCA's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Estimates


Future Return on Equity

High Future ROE: Insufficient data to determine if ESCA's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Escalade performed over the past 5 years?

9.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: ESCA's earnings have grown by 9.1% per year over the past 5 years.

Accelerating Growth: ESCA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ESCA had negative earnings growth (-60.9%) over the past year, making it difficult to compare to the Leisure industry average (17.2%).


Return on Equity

High ROE: ESCA's Return on Equity (7.3%) is considered low.


Return on Assets

ROA vs Industry: ESCA's Return on Assets is below or equal to the Leisure industry average last year.


Return on Capital Employed

ROCE Improving: ESCA has improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Escalade's financial position?


Financial Position Analysis

Short Term Liabilities: ESCA's short term assets ($92.5M) exceeds its short term liabilities ($15.7M)

Long Term Liabilities: ESCA's short term assets (92.5M) exceeds its long term liabilities (12.5M)


Debt to Equity History and Analysis

Debt Level: ESCA's debt to equity ratio (5.9%) is considered satisfactory

Reducing Debt: ESCA's debt to equity ratio has reduced from 17.4% to 5.9% over the past 5 years.

Debt Coverage: ESCA's debt is not well covered by operating cash flow (0.7%).

Interest Coverage: ESCA's interest payments on its debt are well covered by EBIT (48x coverage).


Balance Sheet

Inventory Level: ESCA has a high level of physical assets or inventory.

Debt Coverage by Assets: ESCA's debt is covered by short term assets (assets are 12.281610x debt).


Next Steps

Dividend

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

4.47%

Current Dividend Yield


Dividend Yield vs Market

company4.5%marketbottom25%1.5%markettop25%3.8%industryaverage2.2%forecastin3Yearsn/a

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: ESCA's dividend (4.47%) is higher than the bottom 25% of dividend payers in the US market (1.46%).

High Dividend: ESCA's dividend (4.47%) is in the top 25% of dividend payers in the US market (3.77%)

Stable Dividend: ESCA's dividend payments have been volatile in the past 10 years.

Growing Dividend: ESCA's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (77.7%), ESCA's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of Escalade's salary, the management and board of directors tenure and is there insider trading?

4.8yrs

Average management tenure


CEO

Dave Fetherman (61yo)

3.8yrs

Tenure

US$772,723

Compensation

Mr. David L. Fetherman, also known as Dave, serves as Chief Executive Officer, President and Executive Director of Escalade Incorporated since December 7, 2015. Mr. Fetherman served as the President of Esc ...


CEO Compensation Analysis

Compensation vs. Market: Dave's total compensation ($USD772.72K) is about average for companies of similar size in the US market ($USD1.17M).

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


Management Age and Tenure

4.8yrs

Average Tenure

49yo

Average Age

Experienced Management: ESCA's management team is considered experienced (4.8 years average tenure).


Board Age and Tenure

12.1yrs

Average Tenure

59.5yo

Average Age

Experienced Board: ESCA's board of directors are seasoned and experienced ( 12.1 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

SellUS$37,51013 Sep 19
PAW Family Partnership LP
EntityCompany
Shares3,410
Max PriceUS$11.00
SellUS$6,49009 Sep 19
PAW Family Partnership LP
EntityCompany
Shares590
Max PriceUS$11.00

Ownership Breakdown


Management Team

  • Dave Fetherman (61yo)

    President

    • Tenure: 3.8yrs
    • Compensation: US$772.72k
  • Patrick Griffin (49yo)

    VP of Corporate Development & Investor Relations and Director

    • Tenure: 10.5yrs
    • Compensation: US$373.14k
  • Stephen Wawrin (45yo)

    VP of Finance

    • Tenure: 4.8yrs
    • Compensation: US$442.27k

Board Members

  • Richard White (65yo)

    Independent Director

    • Tenure: 15.5yrs
    • Compensation: US$84.48k
  • Walt Glazer (60yo)

    Chairman of Board

    • Tenure: 1.4yrs
    • Compensation: US$126.48k
  • Richard Baalmann (59yo)

    Independent Director

    • Tenure: 13.8yrs
    • Compensation: US$94.48k
  • Ned Williams (58yo)

    Independent Director

    • Tenure: 15.8yrs
    • Compensation: US$96.48k
  • Dave Fetherman (61yo)

    President

    • Tenure: 3.8yrs
    • Compensation: US$772.72k
  • Patrick Griffin (49yo)

    VP of Corporate Development & Investor Relations and Director

    • Tenure: 10.5yrs
    • Compensation: US$373.14k

Company Information

Escalade, Incorporated's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Escalade, Incorporated
  • Ticker: ESCA
  • Exchange: NasdaqGM
  • Founded: 1922
  • Industry: Leisure Products
  • Sector: Consumer Durables
  • Market Cap: US$161.748m
  • Shares outstanding: 14.47m
  • Website: https://escaladeinc.com

Number of Employees


Location

  • Escalade, Incorporated
  • 817 Maxwell Avenue
  • Evansville
  • Indiana
  • 47711
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ESCANasdaqGM (Nasdaq Global Market)YesCommon StockUSUSDDec 1972
ED9DB (Deutsche Boerse AG)YesCommon StockDEEURDec 1972

Biography

Escalade, Incorporated, together with its subsidiaries, manufactures and sells sporting goods in North America, Europe, and internationally. The company manufactures, imports, and distributes various sport ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 01:03
End of Day Share Price2019/10/11 00:00
Earnings2019/07/13
Annual Earnings2018/12/29


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.

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