NYSE:MOV

Stock Analysis Report

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Market Cap

US$705.8m

Last Updated

2021/08/04 23:02 UTC

Data Sources

Company Financials +

Executive Summary

Movado Group, Inc. designs, sources, markets, and distributes watches worldwide. More Details


Snowflake Analysis

Flawless balance sheet second-rate dividend payer.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: MOV is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: MOV's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

2.9%

MOV

4.3%

US Luxury

0.9%

US Market


1 Year Return

190.4%

MOV

72.6%

US Luxury

34.7%

US Market

Return vs Industry: MOV exceeded the US Luxury industry which returned 72.6% over the past year.

Return vs Market: MOV exceeded the US Market which returned 34.7% over the past year.


Shareholder returns

MOVIndustryMarket
7 Day2.9%4.3%0.9%
30 Day-2.5%5.9%0.2%
90 Day-2.4%16.1%4.7%
1 Year195.8%190.4%74.0%72.6%36.8%34.7%
3 Year-35.8%-39.7%77.4%70.0%62.5%52.4%
5 Year48.5%34.2%139.9%124.4%123.1%98.4%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Movado Group undervalued compared to its fair value and its price relative to the market?

14.7x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MOV ($30.23) is trading above our estimate of fair value ($12.7)

Significantly Below Fair Value: MOV is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: MOV is good value based on its PE Ratio (14.7x) compared to the US Luxury industry average (24x).

PE vs Market: MOV is good value based on its PE Ratio (14.7x) compared to the US market (18x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: MOV's PB Ratio (1.7x) is in line with the US Luxury industry average.


Future Growth

How is Movado Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

13.8%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if MOV's forecast earnings growth is above the savings rate (2%).

Earnings vs Market: Insufficient data to determine if MOV's earnings are forecast to grow faster than the US market

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

Revenue vs Market: MOV's revenue (13.8% per year) is forecast to grow faster than the US market (9.2% per year).

High Growth Revenue: MOV's revenue (13.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Past Performance

How has Movado Group performed over the past 5 years?

-41.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MOV has high quality earnings.

Growing Profit Margin: MOV became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: MOV's earnings have declined by 41.2% per year over the past 5 years.

Accelerating Growth: MOV has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: MOV has become profitable in the last year, making it difficult to compare its past year earnings growth to the Luxury industry (56.9%).


Return on Equity

High ROE: MOV's Return on Equity (11.3%) is considered low.


Financial Health

How is Movado Group's financial position?


Financial Position Analysis

Short Term Liabilities: MOV's short term assets ($483.5M) exceed its short term liabilities ($114.6M).

Long Term Liabilities: MOV's short term assets ($483.5M) exceed its long term liabilities ($148.4M).


Debt to Equity History and Analysis

Debt Level: MOV's debt to equity ratio (2.3%) is considered satisfactory.

Reducing Debt: MOV's debt to equity ratio has reduced from 7.6% to 2.3% over the past 5 years.

Debt Coverage: MOV's debt is well covered by operating cash flow (786.2%).

Interest Coverage: MOV's interest payments on its debt are well covered by EBIT (30.8x coverage).


Balance Sheet


Dividend

What is Movado Group current dividend yield, its reliability and sustainability?

2.65%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MOV's dividend (2.65%) is higher than the bottom 25% of dividend payers in the US market (1.3%).

High Dividend: MOV's dividend (2.65%) is low compared to the top 25% of dividend payers in the US market (3.54%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (14.6%), MOV's dividend payments are thoroughly 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

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

11.2yrs

Average management tenure


CEO

Efraim Grinberg (63 yo)

20.25yrs

Tenure

US$3,563,463

Compensation

Mr. Efraim Grinberg has been the Chief Executive Officer and Chairman of Movado Group, Inc. since May 15, 2001 and January 31, 2009 respectively. Mr. Grinberg joined Movado in June 1980. He oversaw Movado’...


CEO Compensation Analysis

Compensation vs Market: Efraim's total compensation ($USD3.56M) is above average for companies of similar size in the US market ($USD2.42M).

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


Leadership Team

Experienced Management: MOV's management team is seasoned and experienced (11.8 years average tenure).


Board Members

Experienced Board: MOV's board of directors are seasoned and experienced ( 10.3 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: MOV 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

Movado Group, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Movado Group, Inc.
  • Ticker: MOV
  • Exchange: NYSE
  • Founded: 1961
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: US$705.831m
  • Shares outstanding: 23.38m
  • Website: https://www.movadogroup.com

Number of Employees


Location

  • Movado Group, Inc.
  • 650 From Road
  • Suite 375
  • Paramus
  • New Jersey
  • 07652-3556
  • United States

Listings


Biography

Movado Group, Inc. designs, sources, markets, and distributes watches worldwide. It operates in two segments, Watch and Accessory Brands, and Company Stores. The company offers its watches under the Movado...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/08/04 23:02
End of Day Share Price2021/08/04 00:00
Earnings2021/04/30
Annual Earnings2021/01/31


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.