NYSE:MOV

Stock Analysis Report

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Executive Summary

Movado Group, Inc. designs, develops, sources, markets, and distributes watches in the United States and internationally. More Details


Snowflake Analysis

Adequate balance sheet and overvalued.


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 +/- 9% a week.

Volatility Over Time: MOV's weekly volatility (9%) has been stable over the past year.


Market Performance


7 Day Return

-6.0%

MOV

-0.1%

US Luxury

0.7%

US Market


1 Year Return

-11.2%

MOV

27.9%

US Luxury

22.2%

US Market

Return vs Industry: MOV underperformed the US Luxury industry which returned 30.2% over the past year.

Return vs Market: MOV underperformed the US Market which returned 22.7% over the past year.


Shareholder returns

MOVIndustryMarket
7 Day-6.0%-0.1%0.7%
30 Day53.0%14.3%11.8%
90 Day49.2%19.8%8.6%
1 Year-10.3%-11.2%29.2%27.9%25.0%22.2%
3 Year-41.3%-44.3%84.2%76.1%49.4%39.5%
5 Year-27.2%-33.8%82.1%70.4%100.2%78.1%

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?

1.01x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate MOV's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate MOV's fair value to establish if it is undervalued.


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: MOV is good value based on its PB Ratio (1x) compared to the US Luxury industry average (1.5x).


Next Steps

Future Growth

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

11.8%

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 (2.2%).

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 (11.8% per year) is forecast to grow faster than the US market (10.2% per year).

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


Next Steps

Past Performance

How has Movado Group performed over the past 5 years?

-44.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MOV is currently unprofitable.

Growing Profit Margin: MOV is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MOV is unprofitable, and losses have increased over the past 5 years at a rate of 44.9% per year.

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

Earnings vs Industry: MOV is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (-43.6%).


Return on Equity

High ROE: MOV has a negative Return on Equity (-35.14%), as it is currently unprofitable.


Next Steps

Financial Health

How is Movado Group's financial position?


Financial Position Analysis

Short Term Liabilities: MOV's short term assets ($471.6M) exceed its short term liabilities ($133.4M).

Long Term Liabilities: MOV's short term assets ($471.6M) exceed its long term liabilities ($175.0M).


Debt to Equity History and Analysis

Debt Level: MOV's debt to equity ratio (9.5%) is considered satisfactory.

Reducing Debt: MOV's debt to equity ratio has increased from 8.8% to 9.5% over the past 5 years.

Debt Coverage: MOV's debt is well covered by operating cash flow (187.7%).

Interest Coverage: MOV is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

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

11.2yrs

Average management tenure


CEO

Efraim Grinberg (62 yo)

19.58yrs

Tenure

US$3,722,187

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 ($USD3.72M) is above average for companies of similar size in the US market ($USD1.79M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Efraim Grinberg
Chairman & CEO19.58yrsUS$3.72m11.44%
$ 45.0m
Sallie DeMarsilis
Executive VP12.75yrsUS$1.12m0.14%
$ 548.7k
Mitchell Sussis
Senior VP5.08yrsUS$610.21k0.037%
$ 147.1k
Vivian D'Elia
Senior Vice President of Human Resources23.42yrsUS$535.95k0.083%
$ 326.1k
Francis Morelli
Senior Vice President of Global Information Technology & Operationsno dataUS$876.34k0.17%
$ 649.9k
Behzad Soltani
Executive VP0.50yrno data0.046%
$ 181.7k
Mary Leach
Chief Marketing Officerno datano datano data
Alexander Grinberg
Senior VP of Customer & Consumer Centric Initiatives and Director9.67yrsno data1.56%
$ 6.1m
Joseph Faranda
Senior Vice President of Consumer Insights & Strategic PLA10.5yrsno datano data
Jon Step
President of Licensed Brandsno datano datano data
Loek Oprinsen
Commercial Director & President of EBEL Brand11.83yrsno datano data

11.2yrs

Average Tenure

62yo

Average Age

Experienced Management: MOV's management team is seasoned and experienced (11.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Efraim Grinberg
Chairman & CEO19.58yrsUS$3.72m11.44%
$ 45.0m
Alexander Grinberg
Senior VP of Customer & Consumer Centric Initiatives and Director9.67yrsno data1.56%
$ 6.1m
Peter Bridgman
Independent Director6.83yrsUS$176.23k0.089%
$ 352.0k
Ann Kirschner
Independent Director1.5yrsUS$106.57k0.058%
$ 230.4k
Alan Howard
Lead Independent Director9.58yrsUS$262.50k0.18%
$ 720.4k
Richard Isserman
Independent Director15.5yrsUS$192.50k0.068%
$ 269.3k
Stephen Sadove
Independent Director2.33yrsUS$175.27kno data

9.6yrs

Average Tenure

67yo

Average Age

Experienced Board: MOV's board of directors are considered experienced (9.6 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.


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$393.830m
  • Shares outstanding: 23.19m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MOVNYSE (New York Stock Exchange)YesCommon StockUSUSDSep 1993
MV4DB (Deutsche Boerse AG)YesCommon StockDEEURSep 1993

Biography

Movado Group, Inc. designs, develops, sources, markets, and distributes watches in the United States and internationally. It operates in two segments, Watch and Accessory Brands; and Company Stores. The co...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/02 23:27
End of Day Share Price2020/12/02 00:00
Earnings2020/10/31
Annual Earnings2020/01/31


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.