Steven Madden (NasdaqGS:SHOO) - Share price, News & Analysis

SHOO fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	4/6
Past Performance	5/6
Financial Health	6/6
Dividends	3/6

SHOO Stock Overview

Rewards

Trading at 71.7% below our estimate of its fair value

Earnings are forecast to grow 12.86% per year

Earnings grew by 1104.8% over the past year

Risk Analysis

Unstable dividend track record

Significant insider selling over the past 3 months

Steven Madden Competitors

NIKE

NYSE:NKE

US$170.0b

Deckers Outdoor

NYSE:DECK

US$7.0b

Skechers U.S.A

NYSE:SKX

US$5.6b

Crocs

NasdaqGS:CROX

US$3.3b

Price History & Performance

Summary of all time highs, changes and price drops for Steven Madden
Historical stock prices
Current Share Price	US$35.01
52 Week High	US$51.56
52 Week Low	US$33.56
Beta	1.11
1 Month Change	-16.76%
3 Month Change	-16.78%
1 Year Change	-10.58%
3 Year Change	14.00%
5 Year Change	36.40%
Change since IPO	3,386.66%

Recent News & Updates

May 20

Is Steven Madden, Ltd. (NASDAQ:SHOO) Potentially Undervalued?

Steven Madden, Ltd. ( NASDAQ:SHOO ), is not the largest company out there, but it received a lot of attention from a...

May 01

Here's Why We Think Steven Madden (NASDAQ:SHOO) Is Well Worth Watching

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...

Shareholder Returns

	SHOO	US Luxury	US Market
7D	-8.6%	-5.1%	-2.7%
1Y	-10.6%	-23.3%	-12.9%

Return vs Industry: SHOO exceeded the US Luxury industry which returned -25.6% over the past year.

Return vs Market: SHOO exceeded the US Market which returned -12.7% over the past year.

Price Volatility

Is SHOO's price volatile compared to industry and market?
SHOO volatility
SHOO Average Weekly Movement	6.0%
Luxury Industry Average Movement	7.5%
Market Average Movement	7.9%
10% most volatile stocks in US Market	16.9%
10% least volatile stocks in US Market	3.0%

Stable Share Price: SHOO is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: SHOO's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1990	2,950	Ed Rosenfeld	https://www.stevemadden.com

Steven Madden, Ltd. designs, sources, markets, and sells fashion-forward branded and private label footwear, accessories, and apparel for women, men, and children in the United States and internationally. Its Wholesale Footwear segment provides footwear under the Steve Madden, Steven by Steve Madden, Madden Girl, BB Dakota, Dolce Vita, DV Dolce Vita, Betsey Johnson, GREATS, Blondo, Anne Klein, Mad Love, Superga, Madden NYC, and COOL Planet brands, as well as private label footwear. The company’s Wholesale Accessories/Apparel segment offers handbags, apparel, small leather goods, belts, soft accessories, fashion scarves, wraps, gifting, and other accessories under the Steve Madden, BB Dakota, Anne Klein, Betsey Johnson, Cejon, Madden NYC, and Dolce Vita brands, as well as private label handbag and accessories to department stores, mass merchants, off-price retailers, online retailers, specialty stores, and independent stores.

Steven Madden Fundamentals Summary

How do Steven Madden's earnings and revenue compare to its market cap?
SHOO fundamental statistics
Market Cap	US$2.80b
Earnings (TTM)	US$243.99m
Revenue (TTM)	US$2.06b

11.5x

P/E Ratio

1.4x

P/S Ratio

Is SHOO overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
SHOO income statement (TTM)
Revenue	US$2.06b
Cost of Revenue	US$1.21b
Gross Profit	US$856.29m
Other Expenses	US$612.30m
Earnings	US$243.99m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	3.06
Gross Margin	41.47%
Net Profit Margin	11.82%
Debt/Equity Ratio	0%

How did SHOO perform over the long term?

See historical performance and comparison

Dividends

2.4%

Current Dividend Yield

21%

Payout Ratio

Does SHOO pay a reliable dividends?

See SHOO dividend history and benchmarks

When do you need to buy SHOO by to receive an upcoming dividend?
Steven Madden dividend dates
Ex Dividend Date	Jun 10 2022
Dividend Pay Date	Jun 24 2022
Days until Ex dividend	20 days
Days until Dividend pay date	34 days

Does SHOO pay a reliable dividends?

See SHOO dividend history and benchmarks

Valuation

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

Valuation Score

4/6

Valuation Score 4/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: SHOO ($35.01) is trading below our estimate of fair value ($123.52)

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 (11.5x) compared to the US Luxury industry average (10.9x).

PE vs Market: SHOO is good value based on its PE Ratio (11.5x) compared to the US market (15.5x).

Price to Earnings Growth Ratio

PEG Ratio: SHOO is good value based on its PEG Ratio (0.9x)

Price to Book Ratio

PB vs Industry: SHOO is overvalued based on its PB Ratio (3.3x) compared to the US Luxury industry average (1.7x).

Future Growth

How is Steven Madden forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

12.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SHOO's forecast earnings growth (12.9% per year) is above the savings rate (1.9%).

Earnings vs Market: SHOO's earnings (12.9% per year) are forecast to grow faster than the US market (12.5% per year).

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

Revenue vs Market: SHOO's revenue (9.8% per year) is forecast to grow faster than the US market (7.8% per year).

High Growth Revenue: SHOO's revenue (9.8% 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 high in 3 years time (26.5%)

Past Performance

How has Steven Madden performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-2.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SHOO has high quality earnings.

Growing Profit Margin: SHOO's current net profit margins (11.8%) are higher than last year (1.7%).

Past Earnings Growth Analysis

Earnings Trend: SHOO's earnings have declined by 2.9% per year over the past 5 years.

Accelerating Growth: SHOO's earnings growth over the past year (1104.8%) exceeds its 5-year average (-2.9% per year).

Earnings vs Industry: SHOO earnings growth over the past year (1104.8%) exceeded the Luxury industry 88.3%.

Return on Equity

High ROE: SHOO's Return on Equity (29%) is considered high.

Financial Health

How is Steven Madden's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: SHOO's short term assets ($868.1M) exceed its short term liabilities ($345.3M).

Long Term Liabilities: SHOO's short term assets ($868.1M) exceed its long term liabilities ($89.9M).

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?

Dividend Score

3/6

Dividend Score 3/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

2.40%

Current Dividend Yield

Upcoming Dividend Payment

Dividend Yield vs Market

Notable Dividend: SHOO's dividend (2.4%) is higher than the bottom 25% of dividend payers in the US market (1.57%).

High Dividend: SHOO's dividend (2.4%) is low compared to the top 25% of dividend payers in the US market (4.09%).

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.

Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (21.1%), SHOO's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (50.7%), SHOO's dividend payments are covered by cash flows.

Discover strong dividend paying companies

Management

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

6.7yrs

Average management tenure

CEO

Ed Rosenfeld (45 yo)

13.75yrs

Tenure

US$7,566,831

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 ($USD7.57M) is about average for companies of similar size in the US market ($USD6.90M).

Compensation vs Earnings: Ed's compensation has increased by more than 20% in the past year.

Leadership Team

Experienced Management: SHOO's management team is seasoned and experienced (6.7 years average tenure).

Board Members

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 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.

Data	Last Updated (UTC time)
Company Analysis	2022/05/21 00:00
End of Day Share Price	2022/05/20 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31