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. More Details

Rewards

Trading at 38.8% below our estimate of its fair value

Earnings are forecast to grow 40.72% per year

Risk Analysis

No risks detected for SHOO from our risk checks.


Snowflake Analysis

Flawless balance sheet with high 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 is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: SHOO's weekly volatility has decreased from 10% to 5% over the past year.


Market Performance


7 Day Return

1.4%

SHOO

-3.6%

US Luxury

-4.6%

US Market


1 Year Return

13.1%

SHOO

43.7%

US Luxury

38.5%

US Market

Return vs Industry: SHOO underperformed the US Luxury industry which returned 40.3% over the past year.

Return vs Market: SHOO underperformed the US Market which returned 37.1% over the past year.


Shareholder returns

SHOOIndustryMarket
7 Day1.4%-3.6%-4.6%
30 Day10.0%4.4%0.6%
90 Day10.7%2.9%1.9%
1 Year13.7%13.1%45.0%43.7%41.5%38.5%
3 Year32.2%27.3%70.3%63.0%56.7%46.7%
5 Year61.6%55.6%82.0%70.2%123.5%98.6%

Long-Term 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?

44.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SHOO ($37.75) is trading below our estimate of fair value ($61.65)

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


Price To Earnings Ratio

PE vs Industry: SHOO is unprofitable, so we can't compare its PE Ratio to the US Luxury industry average.

PE vs Market: SHOO 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 SHOO's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SHOO is overvalued based on its PB Ratio (4.1x) compared to the US Luxury industry average (1.9x).


Next Steps

Future Growth

How is Steven Madden forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

88.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SHOO is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

Earnings vs Market: SHOO is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: SHOO's is expected to become profitable in the next 3 years.

Revenue vs Market: SHOO's revenue (14% per year) is forecast to grow faster than the US market (10.4% per year).

High Growth Revenue: SHOO's revenue (14% 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 (21.7%)


Next Steps

Past Performance

How has Steven Madden performed over the past 5 years?

-14.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SHOO is currently unprofitable.

Growing Profit Margin: SHOO is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SHOO is unprofitable, and losses have increased over the past 5 years at a rate of 9.2% per year.

Accelerating Growth: Unable to compare SHOO's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: SHOO is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (-38.2%).


Return on Equity

High ROE: SHOO has a negative Return on Equity (-3.24%), as it is currently unprofitable.


Next Steps

Financial Health

How is Steven Madden's financial position?


Financial Position Analysis

Short Term Liabilities: SHOO's short term assets ($647.8M) exceed its short term liabilities ($218.1M).

Long Term Liabilities: SHOO's short term assets ($647.8M) exceed its long term liabilities ($118.6M).


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


Next Steps

Dividend

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

1.62%

Current 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?

5.4yrs

Average management tenure


CEO

Ed Rosenfeld (44 yo)

12.5yrs

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. Mr. Rosenfeld served as Interim Chief Executive Officer of Steven Madden Ltd. since ...


CEO Compensation Analysis

Compensation vs Market: Ed's total compensation ($USD7.34M) is above average for companies of similar size in the US market ($USD4.94M).

Compensation vs Earnings: Ed's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Edward Rosenfeld
Chairman & CEO12.5yrsUS$7.34m1.13%
$ 34.8m
Amelia Varela
President & Director5.08yrsUS$874.94k0.20%
$ 6.0m
Awadhesh Sinha
Chief Operating Officer15.58yrsUS$948.32k0.094%
$ 2.9m
Arvind Dharia
0.083yrUS$918.01k0.10%
$ 3.1m
Karla Frieders
Chief Merchandising Officer5.42yrsUS$1.19m0.16%
$ 4.8m
Steven Madden
Founder and Creative & Design Chiefno dataUS$591.52k5.56%
$ 171.0m
Zine Mazouzi
Chief Financial Officer0.083yrno data0.052%
$ 1.6m
Danielle McCoy
Director of Corporate Development & Investor Relationsno datano datano data
Lisa Keith
VP & General Counsel1.25yrsno data0.018%
$ 567.8k

5.4yrs

Average Tenure

48yo

Average Age

Experienced Management: SHOO's management team is seasoned and experienced (5.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Edward Rosenfeld
Chairman & CEO12.5yrsUS$7.34m1.13%
$ 34.8m
Amelia Varela
President & Director5.08yrsUS$874.94k0.20%
$ 6.0m
Mitchell Klipper
Independent Director2.83yrsUS$191.87k0.014%
$ 429.3k
Rose Lynch
Independent Director6.83yrsUS$197.71k0.015%
$ 470.2k
Peter Migliorini
Independent Lead Director16yrsUS$202.71k0.019%
$ 571.4k
Ravi Sachdev
Independent Director12.42yrsUS$191.87k0.080%
$ 2.4m
Thomas Schwartz
Independent Director16.75yrsUS$187.71k0.018%
$ 565.9k
Al Ferrara
Independent Director1.58yrsUS$36.62k0.0063%
$ 193.9k
Robert Smith
Independent Director6.83yrsUS$197.71k0.019%
$ 588.1k
Maria Kumar
Independent Director0.083yrno datano data

6.8yrs

Average Tenure

62yo

Average Age

Experienced Board: SHOO's board of directors are considered experienced (6.8 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if 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$3.077b
  • Shares outstanding: 83.19m
  • 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 Analysis2021/02/27 01:17
End of Day Share Price2021/02/26 00:00
Earnings2020/12/31
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.