NasdaqGS:SHOO

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Excellent balance sheet with reasonable growth potential.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: SHOO has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

4.3%

SHOO

5.2%

US Luxury

0.5%

US Market


1 Year Return

-24.1%

SHOO

20.0%

US Luxury

18.7%

US Market

Return vs Industry: SHOO underperformed the US Luxury industry which returned 17.8% over the past year.

Return vs Market: SHOO underperformed the US Market which returned 20.1% over the past year.


Shareholder returns

SHOOIndustryMarket
7 Day4.3%5.2%0.5%
30 Day-2.6%8.5%4.9%
90 Day13.1%26.6%19.8%
1 Year-23.1%-24.1%21.4%20.0%21.2%18.7%
3 Year-13.1%-16.4%58.3%50.8%46.2%36.8%
5 Year-9.3%-12.6%43.3%33.9%85.3%65.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

38.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SHOO ($22.89) is trading below our estimate of fair value ($37.37)

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 (49.9x) compared to the US Luxury industry average (30.7x).

PE vs Market: SHOO is poor value based on its PE Ratio (49.9x) compared to the US market (19.2x).


Price to Earnings Growth Ratio

PEG Ratio: SHOO is poor value based on its PEG Ratio (1.6x)


Price to Book Ratio

PB vs Industry: SHOO is overvalued based on its PB Ratio (2.5x) compared to the US Luxury industry average (1.3x).


Next Steps

Future Growth

How is Steven Madden forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

31.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SHOO's forecast earnings growth (31.5% per year) is above the savings rate (2.2%).

Earnings vs Market: SHOO's earnings (31.5% per year) are forecast to grow faster than the US market (24.1% per year).

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

Revenue vs Market: SHOO's revenue (11.8% per year) is forecast to grow faster than the US market (9.5% per year).

High Growth Revenue: SHOO's revenue (11.8% 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 low in 3 years time (15.7%).


Next Steps

Past Performance

How has Steven Madden performed over the past 5 years?

-0.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SHOO has a large one-off loss of $38.7M impacting its June 30 2020 financial results.

Growing Profit Margin: SHOO's current net profit margins (2.5%) are lower than last year (7.9%).


Past Earnings Growth Analysis

Earnings Trend: SHOO's earnings have declined by 0.7% per year over the past 5 years.

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

Earnings vs Industry: SHOO had negative earnings growth (-74%) over the past year, making it difficult to compare to the Luxury industry average (-41.2%).


Return on Equity

High ROE: SHOO's Return on Equity (4.6%) is considered low.


Next Steps

Financial Health

How is Steven Madden's financial position?


Financial Position Analysis

Short Term Liabilities: SHOO's short term assets ($635.9M) exceed its short term liabilities ($237.9M).

Long Term Liabilities: SHOO's short term assets ($635.9M) exceed its long term liabilities ($127.4M).


Debt to Equity History and Analysis

Debt Level: SHOO's debt to equity ratio (5.6%) is considered satisfactory.

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

Debt Coverage: SHOO's debt is well covered by operating cash flow (543.5%).

Interest Coverage: SHOO earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

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

2.39%

Forecast Dividend Yield


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

Dividend Coverage: SHOO is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SHOO'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?

8.5yrs

Average management tenure


CEO

Ed Rosenfeld (44 yo)

12yrs

Tenure

US$7,335,172

Compensation

Mr. Edward R. Rosenfeld, also known as Ed, has been Chief Executive Officer of Steven Madden, Ltd. since August 8, 2008 and has been a Member of its Executive Management Team since joining in May 2005. Mr. ...


CEO Compensation Analysis

Compensation vs Market: Ed's total compensation ($USD7.34M) is above average for companies of similar size in the US market ($USD4.53M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Edward Rosenfeld
Chairman & CEO12yrsUS$7.34m1.17%
$ 22.1m
Amelia Varela
President & Director4.58yrsUS$874.94k0.20%
$ 3.8m
Arvind Dharia
CFO, Chief Accounting Officer & Secretary27.83yrsUS$918.01k0.10%
$ 2.0m
Awadhesh Sinha
Chief Operating Officer15.08yrsUS$948.32k0.094%
$ 1.8m
Karla Frieders
Chief Merchandising Officer4.92yrsUS$1.19m0.16%
$ 3.0m
Steven Madden
Founder and Creative & Design Chiefno dataUS$591.52k5.56%
$ 105.3m
Danielle McCoy
Director of Corporate Development & Investor Relationsno datano datano data
Lisa Keith
VP & General Counsel0.75yrno data0.0082%
$ 154.8k

8.5yrs

Average Tenure

48yo

Average Age

Experienced Management: SHOO's management team is seasoned and experienced (8.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Edward Rosenfeld
Chairman & CEO12yrsUS$7.34m1.17%
$ 22.1m
Amelia Varela
President & Director4.58yrsUS$874.94k0.20%
$ 3.8m
Mitchell Klipper
Independent Director2.33yrsUS$191.87k0.014%
$ 264.4k
Rose Lynch
Independent Director6.33yrsUS$197.71k0.015%
$ 289.7k
Peter Migliorini
Independent Lead Director15.5yrsUS$202.71k0.019%
$ 352.1k
Ravi Sachdev
Independent Director11.92yrsUS$191.87k0.080%
$ 1.5m
Thomas Schwartz
Independent Director16.25yrsUS$187.71k0.018%
$ 348.7k
Al Ferrara
Independent Director1.08yrsUS$36.62k0.0063%
$ 119.6k
Robert Smith
Independent Director6.33yrsUS$197.71k0.019%
$ 362.3k

6.3yrs

Average Tenure

62yo

Average Age

Experienced Board: SHOO's board of directors are considered experienced (6.3 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: SHOO 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.


Top Shareholders

Company Information

Steven Madden, Ltd.'s company bio, 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$1.895b
  • Shares outstanding: 83.15m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SHOONasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDDec 1993
SJMDB (Deutsche Boerse AG)YesCommon StockDEEURDec 1993

Biography

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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/14 12:48
End of Day Share Price2020/08/13 00:00
Earnings2020/06/30
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.