SHOO

Steven MaddenNasdaqGS:SHOO Stock Report

Market Cap

US$3.3b

7D

0.3%

1Y

96.4%

Updated

18 Sep, 2021

Data

Company Financials +
SHOO fundamental analysis
Snowflake Score
Valuation2/6
Future Growth4/6
Past Performance3/6
Financial Health6/6
Dividends3/6

SHOO Overview

Steven Madden, Ltd. designs, sources, markets, and sells fashion-forward branded and private label footwear for women, men, and children in the United States and internationally.

Steven Madden Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Steven Madden
Historical stock prices
Current Share PriceUS$39.68
52 Week HighUS$18.47
52 Week LowUS$45.87
Beta1.32
1 Month Change0.076%
3 Month Change-5.57%
1 Year Change96.44%
3 Year Change5.25%
5 Year Change69.77%
Change since IPO3,851.74%

Recent News & Updates

Aug 30
What Does Steven Madden, Ltd.'s (NASDAQ:SHOO) Share Price Indicate?

What Does Steven Madden, Ltd.'s (NASDAQ:SHOO) Share Price Indicate?

While Steven Madden, Ltd. ( NASDAQ:SHOO ) might not be the most widely known stock at the moment, it saw significant...

Aug 04
Steven Madden's (NASDAQ:SHOO) Robust Earnings Are Supported By Other Strong Factors

Steven Madden's (NASDAQ:SHOO) Robust Earnings Are Supported By Other Strong Factors

Steven Madden, Ltd. ( NASDAQ:SHOO ) just reported healthy earnings but the stock price didn't move much. We think that...

Jul 31
Results: Steven Madden, Ltd. Beat Earnings Expectations And Analysts Now Have New Forecasts

Results: Steven Madden, Ltd. Beat Earnings Expectations And Analysts Now Have New Forecasts

Steven Madden, Ltd. ( NASDAQ:SHOO ) investors will be delighted, with the company turning in some strong numbers with...

Shareholder Returns

SHOOUS LuxuryUS Market
7D0.3%-2.7%-0.6%
1Y96.4%42.8%33.8%

Return vs Industry: SHOO exceeded the US Luxury industry which returned 42.8% over the past year.

Return vs Market: SHOO exceeded the US Market which returned 33.8% over the past year.

Price Volatility

Is SHOO's price volatile compared to industry and market?
SHOO volatility
SHOO Beta1.32
Industry Beta1.14
Market Beta1

Stable Share Price: SHOO is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: SHOO's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19902,450Ed Rosenfeldhttps://www.stevemadden.com

Steven Madden, Ltd. designs, sources, markets, and sells fashion-forward branded and private label footwear for women, men, and children in the United States and internationally. Its Wholesale Footwear segment provides footwear under the Steve Madden Women's, Madden Girl, Steve Madden Men's, Madden, Steven, Steve Madden Kids, Betsey Johnson, Report, Mad Love, Blondo, GREATS, and Anne Klein brands, as well as private label footwear. The company’s Wholesale Accessories segment offers Steve Madden, Steven by Steve Madden, Madden Girl, Betsey Johnson, Big Buddha, Anne Klein, Luv Betsey, BB Dakota, BB Dakota x Steve Madden, and Cupcakes & Cashmere brands; private label fashion handbags and accessories to department stores, mass merchants, value priced retailers, online retailers, and specialty stores; and cold weather accessories, fashion scarves, wraps, and other trend accessories primarily under the Steve Madden, BB Dakota, Cejon, Betsey Johnson, and Big Buddha brand names, as well as private labels to department stores and specialty stores.

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SHOO ($39.68) is trading below our estimate of fair value ($80.53)

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


Price To Earnings Ratio

PE vs Industry: SHOO is poor value based on its PE Ratio (44.1x) compared to the US Luxury industry average (17.6x).

PE vs Market: SHOO is poor value based on its PE Ratio (44.1x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: SHOO is poor value based on its PEG Ratio (2x)


Price to Book Ratio

PB vs Industry: SHOO is overvalued based on its PB Ratio (4.2x) compared to the US Luxury industry average (1.9x).


Future Growth

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

22.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SHOO's forecast earnings growth (22.6% per year) is above the savings rate (2%).

Earnings vs Market: SHOO's earnings (22.6% per year) are forecast to grow faster than the US market (14.9% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: SHOO's revenue (8.3% per year) is forecast to grow slower than the US market (9.8% per year).

High Growth Revenue: SHOO's revenue (8.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SHOO's Return on Equity is forecast to be high in 3 years time (24.2%)


Past Performance

How has Steven Madden performed over the past 5 years?

-19.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SHOO has a large one-off loss of $62.6M impacting its June 30 2021 financial results.

Growing Profit Margin: SHOO's current net profit margins (5.1%) are higher than last year (2.5%).


Past Earnings Growth Analysis

Earnings Trend: SHOO's earnings have declined by 19.8% per year over the past 5 years.

Accelerating Growth: SHOO's earnings growth over the past year (103.7%) exceeds its 5-year average (-19.8% per year).

Earnings vs Industry: SHOO earnings growth over the past year (103.7%) exceeded the Luxury industry 79.5%.


Return on Equity

High ROE: SHOO's Return on Equity (9.8%) is considered low.


Financial Health

How is Steven Madden's financial position?


Financial Position Analysis

Short Term Liabilities: SHOO's short term assets ($743.8M) exceed its short term liabilities ($279.2M).

Long Term Liabilities: SHOO's short term assets ($743.8M) exceed its long term liabilities ($111.5M).


Debt to Equity History and Analysis

Debt Level: SHOO is debt free.

Reducing Debt: SHOO had no debt 5 years ago.

Debt Coverage: SHOO has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: SHOO has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Steven Madden current dividend yield, its reliability and sustainability?

1.51%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SHOO's dividend (1.51%) is higher than the bottom 25% of dividend payers in the US market (1.33%).

High Dividend: SHOO's dividend (1.51%) is low compared to the top 25% of dividend payers in the US market (3.6%).


Stability and Growth of Payments

Stable Dividend: SHOO has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: SHOO's dividend payments have increased, but the company has only paid a dividend for 4 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (32.1%), SHOO's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SHOO's dividends in 3 years are forecast to be well covered by earnings (22.2% payout ratio).


Next Steps

Management

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

6.0yrs

Average management tenure


CEO

Ed Rosenfeld (45 yo)

13.08yrs

Tenure

US$2,872,859

Compensation

Mr. Edward R. Rosenfeld, also known as Ed, has been Chief Executive Officer of Steven Madden, Ltd. since August 8, 2008. Mr. Rosenfeld served as Interim Chief Executive Officer of Steven Madden Ltd.since...


CEO Compensation Analysis

Compensation vs Market: Ed's total compensation ($USD2.87M) is below average for companies of similar size in the US market ($USD5.27M).

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


Leadership Team

Experienced Management: SHOO's management team is seasoned and experienced (6 years average tenure).


Board Members

Experienced Board: SHOO's board of directors are considered experienced (7.4 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: SHOO 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

Steven Madden, Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Steven Madden, Ltd.
  • Ticker: SHOO
  • Exchange: NasdaqGS
  • Founded: 1990
  • Industry: Footwear
  • Sector: Consumer Durables
  • Market Cap: US$3.252b
  • Shares outstanding: 81.95m
  • Website: https://www.stevemadden.com

Number of Employees


Location

  • Steven Madden, Ltd.
  • 52-16 Barnett Avenue
  • Long Island City
  • New York
  • 11104
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/18 22:02
End of Day Share Price2021/09/17 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.