Loading...

Movado Group

NYSE:MOV
Snowflake Description

Excellent balance sheet with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MOV
NYSE
$771M
Market Cap
  1. Home
  2. US
  3. Consumer Durables
Company description

Movado Group, Inc. designs, develops, sources, markets, and distributes fine watches in the United States and internationally. The last earnings update was 106 days ago. More info.


Add to Portfolio Compare Print
MOV Share Price and Events
7 Day Returns
-3%
NYSE:MOV
1.8%
US Luxury
1.2%
US Market
1 Year Returns
4.2%
NYSE:MOV
17.5%
US Luxury
3%
US Market
MOV Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Movado Group (MOV) -3% -2.2% 11.1% 4.2% 13.1% -27.9%
US Luxury 1.8% 0.7% 23.8% 17.5% 21.8% 47.4%
US Market 1.2% 2.1% 14.6% 3% 39% 43.5%
1 Year Return vs Industry and Market
  • MOV underperformed the Luxury industry which returned 17.5% over the past year.
  • MOV outperformed the Market in United States of America which returned 3% over the past year.
Price Volatility
MOV
Industry
5yr Volatility vs Market
Related Companies

MOV Value

 Is Movado Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Movado Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Movado Group.

NYSE:MOV Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:MOV
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.69
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.691 (1 + (1- 21%) (6.43%))
0.817
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.82
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.817 * 5.96%)
7.6%

Discounted Cash Flow Calculation for NYSE:MOV using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Movado Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:MOV DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.6%)
2019 16.40 Analyst x1 15.24
2020 59.80 Analyst x1 51.65
2021 79.50 Analyst x1 63.82
2022 90.27 Est @ 13.55% 67.35
2023 99.58 Est @ 10.31% 69.05
2024 107.58 Est @ 8.03% 69.33
2025 114.51 Est @ 6.44% 68.58
2026 120.61 Est @ 5.33% 67.14
2027 126.09 Est @ 4.55% 65.24
2028 131.14 Est @ 4% 63.06
Present value of next 10 years cash flows $600.47
NYSE:MOV DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $131.14 × (1 + 2.73%) ÷ (7.6% – 2.73%)
$2,768.10
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $2,768.10 ÷ (1 + 7.6%)10
$1,331.02
NYSE:MOV Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $600.47 + $1,331.02
$1,931.48
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,931.48 / 23.10
$83.63
NYSE:MOV Discount to Share Price
Calculation Result
Value per share (USD) From above. $83.63
Current discount Discount to share price of $33.38
= -1 x ($33.38 - $83.63) / $83.63
60.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Movado Group is available for.
Intrinsic value
>50%
Share price is $33.38 vs Future cash flow value of $83.63
Current Discount Checks
For Movado Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Movado Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Movado Group's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Movado Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Movado Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:MOV PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-10-31) in USD $0.44
NYSE:MOV Share Price ** NYSE (2019-03-20) in USD $33.38
United States of America Luxury Industry PE Ratio Median Figure of 36 Publicly-Listed Luxury Companies 16.92x
United States of America Market PE Ratio Median Figure of 3,058 Publicly-Listed Companies 17.69x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Movado Group.

NYSE:MOV PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:MOV Share Price ÷ EPS (both in USD)

= 33.38 ÷ 0.44

75.29x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Movado Group is overvalued based on earnings compared to the US Luxury industry average.
  • Movado Group is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Movado Group's expected growth come at a high price?
Raw Data
NYSE:MOV PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 75.29x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
58.3%per year
United States of America Luxury Industry PEG Ratio Median Figure of 24 Publicly-Listed Luxury Companies 1.68x
United States of America Market PEG Ratio Median Figure of 2,103 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

NYSE:MOV PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 75.29x ÷ 58.3%

1.29x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Movado Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Movado Group's assets?
Raw Data
NYSE:MOV PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-10-31) in USD $20.82
NYSE:MOV Share Price * NYSE (2019-03-20) in USD $33.38
United States of America Luxury Industry PB Ratio Median Figure of 47 Publicly-Listed Luxury Companies 1.56x
United States of America Market PB Ratio Median Figure of 5,156 Publicly-Listed Companies 1.89x
NYSE:MOV PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:MOV Share Price ÷ Book Value per Share (both in USD)

= 33.38 ÷ 20.82

1.6x

* Primary Listing of Movado Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Movado Group is overvalued based on assets compared to the US Luxury industry average.
X
Value checks
We assess Movado Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
  5. Movado Group has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

MOV Future Performance

 How is Movado Group expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
58.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Movado Group expected to grow at an attractive rate?
  • Movado Group's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Movado Group's earnings growth is expected to exceed the United States of America market average.
  • Movado Group's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:MOV Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:MOV Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 58.3%
NYSE:MOV Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 7.7%
United States of America Luxury Industry Earnings Growth Rate Market Cap Weighted Average 14.6%
United States of America Luxury Industry Revenue Growth Rate Market Cap Weighted Average 6.6%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:MOV Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:MOV Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-01-31 758 90 78 1
2020-01-31 738 63 70 2
2019-01-31 674 28 2
NYSE:MOV Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-10-31 629 91 10
2018-07-31 611 69 1
2018-04-30 596 69 -3
2018-01-31 568 55 -15
2017-10-31 550 60 24
2017-07-31 539 62 27
2017-04-30 538 63 28
2017-01-31 553 58 35
2016-10-31 565 54 38
2016-07-31 571 58 39
2016-04-30 589 65 45
2016-01-31 595 75 45

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Movado Group's earnings are expected to grow significantly at over 20% yearly.
  • Movado Group's revenue is expected to grow by 7.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:MOV Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Movado Group Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:MOV Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-01-31 3.30 3.30 3.30 1.00
2020-01-31 2.97 2.97 2.97 1.00
2019-01-31 2.44 2.44 2.44 1.00
NYSE:MOV Past Financials Data
Date (Data in USD Millions) EPS *
2018-10-31 0.44
2018-07-31 0.03
2018-04-30 -0.13
2018-01-31 -0.66
2017-10-31 1.04
2017-07-31 1.16
2017-04-30 1.20
2017-01-31 1.52
2016-10-31 1.64
2016-07-31 1.69
2016-04-30 1.93
2016-01-31 1.92

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Movado Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Movado Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Movado Group has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

MOV Past Performance

  How has Movado Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Movado Group's growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Movado Group's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Movado Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Movado Group's 1-year earnings growth is negative, it can't be compared to the US Luxury industry average.
Earnings and Revenue History
Movado Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Movado Group Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:MOV Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-10-31 629.41 10.27 265.43
2018-07-31 611.15 0.71 255.06
2018-04-30 595.84 -2.95 251.99
2018-01-31 567.95 -15.23 242.59
2017-10-31 549.52 23.92 233.73
2017-07-31 538.65 26.77 232.22
2017-04-30 537.95 27.59 232.78
2017-01-31 552.75 35.06 239.04
2016-10-31 565.23 37.72 244.20
2016-07-31 571.04 39.03 243.36
2016-04-30 588.53 44.78 243.99
2016-01-31 594.92 45.09 243.42
2015-10-31 585.57 47.26 238.33
2015-07-31 588.50 47.93 238.21
2015-04-30 586.52 48.03 237.84
2015-01-31 586.98 51.78 238.50
2014-10-31 585.33 48.92 241.02
2014-07-31 586.46 49.73 241.70
2014-04-30 581.17 50.03 239.04
2014-01-31 570.26 50.88 234.72
2013-10-31 561.59 51.60 229.44
2013-07-31 532.11 63.06 227.68
2013-04-30 511.83 58.66 224.91
2013-01-31 505.48 57.08 225.54
2012-10-31 504.29 59.86 228.88
2012-07-31 486.71 41.79 225.35
2012-04-30 481.92 38.14 226.28

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Movado Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Movado Group used its assets less efficiently than the US Luxury industry average last year based on Return on Assets.
  • Movado Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Movado Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Movado Group has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

MOV Health

 How is Movado Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Movado Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Movado Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Movado Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Movado Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 9.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Movado Group Company Filings, last reported 4 months ago.

NYSE:MOV Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-10-31 481.01 49.59 142.99
2018-07-31 463.35 0.00 175.93
2018-04-30 460.95 0.00 177.37
2018-01-31 470.34 25.00 215.25
2017-10-31 487.44 30.00 155.93
2017-07-31 478.16 30.00 162.89
2017-04-30 464.52 30.00 234.03
2017-01-31 473.99 30.00 256.74
2016-10-31 470.10 38.00 200.19
2016-07-31 459.63 38.00 206.22
2016-04-30 459.42 35.00 204.35
2016-01-31 441.15 40.00 228.46
2015-10-31 452.91 40.00 181.48
2015-07-31 445.08 40.00 188.34
2015-04-30 460.65 25.00 186.16
2015-01-31 484.29 0.00 200.17
2014-10-31 476.81 0.00 158.28
2014-07-31 477.26 0.00 170.03
2014-04-30 475.57 0.00 172.58
2014-01-31 465.99 0.00 191.33
2013-10-31 462.67 0.00 163.15
2013-07-31 438.00 0.00 151.52
2013-04-30 426.87 0.00 141.48
2013-01-31 425.69 0.00 168.17
2012-10-31 431.40 0.00 164.81
2012-07-31 383.49 0.00 156.34
2012-04-30 393.69 0.00 158.75
  • Movado Group's level of debt (10.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 10.3% today).
  • Debt is well covered by operating cash flow (183.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 148.3x coverage).
X
Financial health checks
We assess Movado Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Movado Group has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

MOV Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.4%
Current annual income from Movado Group dividends. Estimated to be 2.4% next year.
If you bought $2,000 of Movado Group shares you are expected to receive $48 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Movado Group's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • Movado Group's dividend is below the markets top 25% of dividend payers in United States of America (3.64%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:MOV Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
United States of America Luxury Industry Average Dividend Yield Market Cap Weighted Average of 18 Stocks 1.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:MOV Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-01-31
2020-01-31 0.80 1.00
2019-01-31 0.80 1.00
NYSE:MOV Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-12-04 0.800 2.417
2018-05-30 0.800 1.820
2018-03-29 0.800 2.023
2017-08-29 0.520 1.744
2017-05-25 0.520 2.201
2017-03-20 0.520 2.219
2016-11-22 0.520 1.947
2016-08-25 0.520 2.318
2016-05-26 0.520 2.375
2016-03-31 0.520 1.949
2015-11-24 0.440 1.659
2015-08-27 0.440 1.681
2015-05-27 0.440 1.689
2015-03-31 0.440 1.494
2014-11-25 0.400 1.551
2014-08-26 0.400 1.182
2014-05-22 0.400 0.986
2014-03-28 0.400 0.982
2014-03-26 0.400 0.866
2013-11-26 0.320 0.775
2013-08-27 0.320 0.723
2013-05-29 0.200 0.555
2013-03-21 0.200 0.625
2012-11-28 0.200 0.582
2012-08-28 0.200 0.603
2012-05-31 0.200 0.794
2012-03-29 0.200 0.751
2011-12-01 0.120 0.611
2011-09-01 0.120 0.800
2011-06-02 0.120 0.801
2011-04-07 0.120 0.724
2010-12-02 0.000 0.000
2010-09-02 0.000 0.000
2010-05-27 0.000 0.000
2010-04-01 0.000 0.000
2009-12-09 0.000 0.000
2009-09-03 0.000 0.000
2009-04-09 0.000 0.000
2009-03-23 0.200 2.536

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Movado Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.6x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Movado Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Movado Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Movado Group has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

MOV Management

 What is the CEO of Movado Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Efraim Grinberg
COMPENSATION $3,507,077
AGE 60
TENURE AS CEO 17.8 years
CEO Bio

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’s initial public offering in 1993 and since that time has been responsible for building it into a global enterprise. He served as the President of Movado Group, Inc. from June 1990 to March 15, 2010; Chief Operating Officer from June 1990 to October 1995; Vice President of Marketing from February 1985 to July 1986; and also served as its Senior Vice President of Marketing. He has been a Director of Movado Group, Inc. since 1988. He maintains active affiliations with numerous arts organizations including Lincoln Center for the Performing Arts, Inc., where he serves on the Board of Directors. Mr. Grinberg is also on the Board of the American Watch Association, Jeweler's Security Alliance and the Jewelers Charity Fund for Children. He graduated from the Brown University in 1980.

CEO Compensation
  • Efraim's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Efraim's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Movado Group management team in years:

8.8
Average Tenure
60
Average Age
  • The average tenure for the Movado Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Efraim Grinberg

TITLE
Chairman & CEO
COMPENSATION
$4M
AGE
60
TENURE
17.8 yrs

Sallie DeMarsilis

TITLE
CFO & Principal Accounting Officer
COMPENSATION
$1M
AGE
53
TENURE
11 yrs

Frank Morelli

TITLE
Senior Vice President of Global Information Technology & Operations
COMPENSATION
$1M
AGE
67

Mitchell Sussis

TITLE
Senior VP
COMPENSATION
$713K
AGE
53
TENURE
3.3 yrs

Vivian D’Elia

TITLE
Senior Vice President of Human Resources
COMPENSATION
$519K
AGE
66
TENURE
22.2 yrs

Mary Leach

TITLE
Chief Marketing Officer

Alex Grinberg

TITLE
Senior VP of Consumer & Customer Centric Initiatives and Director
AGE
55
TENURE
8.3 yrs

Joe Faranda

TITLE
Senior Vice President of Consumer Insights & Strategic PLA
AGE
64
TENURE
8.8 yrs

Behzad Soltani

TITLE
Chief Digital Officer
TENURE
1 yrs

Jon Step

TITLE
President of Licensed Brands
Board of Directors Tenure

Average tenure and age of the Movado Group board of directors in years:

10.2
Average Tenure
64
Average Age
  • The average tenure for the Movado Group board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Alex Grinberg

TITLE
Senior VP of Consumer & Customer Centric Initiatives and Director
AGE
55
TENURE
7.9 yrs

Alan Howard

TITLE
Lead Director
COMPENSATION
$198K
AGE
58

Efraim Grinberg

TITLE
Chairman & CEO
COMPENSATION
$4M
AGE
60
TENURE
10.2 yrs

Nathan Leventhal

TITLE
Director
COMPENSATION
$173K
AGE
75
TENURE
15.3 yrs

Richard Isserman

TITLE
Director
COMPENSATION
$179K
AGE
83
TENURE
13.8 yrs

Rick Coté

TITLE
Director
COMPENSATION
$145K
AGE
63
TENURE
19.2 yrs

Margaret Adame

TITLE
Director
COMPENSATION
$161K
AGE
78
TENURE
25.5 yrs

Yossi Reznik

TITLE
Director
COMPENSATION
$161K
AGE
64
TENURE
7.9 yrs

Peter Bridgman

TITLE
Director
COMPENSATION
$161K
AGE
65
TENURE
5.1 yrs

Stephen Sadove

TITLE
Director
TENURE
0.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
24. Sep 18 Sell Richard Isserman Individual 20. Sep 18 20. Sep 18 -3,970 $40.64 $-161,346
04. Sep 18 Buy Stephen Sadove Individual 31. Aug 18 31. Aug 18 6,000 $42.81 $256,860
18. Jun 18 Sell Richard Coté Individual 15. Jun 18 15. Jun 18 -2,215 $48.40 $-107,206
14. Jun 18 Sell Richard Coté Individual 12. Jun 18 13. Jun 18 -24,733 $49.00 $-1,211,444
11. Jun 18 Sell Richard Coté Individual 07. Jun 18 08. Jun 18 -40,000 $52.94 $-2,096,400
07. Jun 18 Sell Richard Coté Individual 05. Jun 18 06. Jun 18 -40,000 $52.68 $-2,075,000
04. Jun 18 Sell Alan Howard Individual 01. Jun 18 01. Jun 18 -7,500 $49.12 $-368,376
03. May 18 Sell Richard Coté Individual 01. May 18 01. May 18 -13,077 $38.29 $-500,718
25. Apr 18 Sell Richard Coté Individual 24. Apr 18 24. Apr 18 -28,693 $38.39 $-1,101,624
19. Apr 18 Sell Richard Coté Individual 17. Apr 18 17. Apr 18 -45,000 $39.73 $-1,787,760
12. Apr 18 Sell Richard Coté Individual 10. Apr 18 10. Apr 18 -59,443 $38.72 $-2,299,265
10. Apr 18 Sell Richard Coté Individual 09. Apr 18 09. Apr 18 -31,135 $38.34 $-1,193,716
05. Apr 18 Sell Richard Coté Individual 03. Apr 18 03. Apr 18 -74,509 $37.55 $-2,771,024
04. Apr 18 Sell Alexander Grinberg Individual 02. Apr 18 02. Apr 18 -1,798 $37.70 $-67,785
29. Mar 18 Sell Richard Coté Individual 27. Mar 18 27. Mar 18 -1,600 $32.69 $-52,280
23. Mar 18 Sell Richard Coté Individual 21. Mar 18 21. Mar 18 -300 $32.00 $-9,600
X
Management checks
We assess Movado Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Movado Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

MOV News

Simply Wall St News

What Does Movado Group, Inc.'s (NYSE:MOV) P/E Ratio Tell You?

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … We'll show how you can use Movado Group, Inc.'s (NYSE:MOV) P/E ratio to inform your assessment of the investment opportunity. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Movado Group, Inc. (NYSE:MOV): A Fundamentally Attractive Investment

As an investor, I look for investments which does not compromise one fundamental factor for another. … By this I mean, I look at stocks holistically, from their financial health to their future outlook. … financial health as well as

Simply Wall St -

Is Movado Group, Inc.'s (NYSE:MOV) Balance Sheet Strong Enough To Weather A Storm?

(NYSE:MOV) is a small-cap stock with a market capitalization of US$739m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … So, understanding the company's financial health becomes

Simply Wall St -

How Much is Movado Group, Inc.'s (NYSE:MOV) CEO Getting Paid?

Efraim Grinberg has been the CEO of Movado Group, Inc. … First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Efraim Grinberg's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Have Insiders Been Selling Movado Group, Inc. (NYSE:MOV) Shares?

So shareholders might well want to know whether insiders have been buying or selling shares in Movado Group, Inc. … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … That means that an insider was selling shares at around the current price of US$33.17

Simply Wall St -

Why Movado Group, Inc.'s (NYSE:MOV) High P/E Ratio Isn't Necessarily A Bad Thing

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … Movado Group has a price to earnings ratio of 71.26, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

A Look At The Intrinsic Value Of Movado Group Inc (NYSE:MOV)

In this article I am going to calculate the intrinsic value of Movado Group Inc (NYSE:MOV). … by taking the expected future cash flows and discounting them to their present value. … discounted cash flows (DCF).

Simply Wall St -

Movado Group Inc (NYSE:MOV): Commentary On Fundamentals

I've been keeping an eye on Movado Group Inc (NYSE:MOV) because I'm attracted to its fundamentals. … Looking at the company as a whole, as a potential stock investment, I believe MOV has a lot to offer. … is a company with

Simply Wall St -

Should You Buy Movado Group Inc (NYSE:MOV) For Its Dividend?

Historically, Movado Group Inc (NYSE:MOV) has paid a dividend to shareholders. … Does Movado Group tick all the boxes of a great dividend stock? … Check out our latest analysis for Movado Group

Simply Wall St -

Is Movado Group Inc (NYSE:MOV) A Financially Sound Company?

Movado Group Inc (NYSE:MOV), which has zero-debt on its balance sheet, can maximize capital returns by increasing debt due to its lower cost of capital. … While MOV has no debt on its balance sheet, it doesn’t necessarily mean it exhibits financial strength. … Does MOV's growth rate justify its decision for financial flexibility over lower cost of capital.

Simply Wall St -

MOV Company Info

Description

Movado Group, Inc. designs, develops, sources, markets, and distributes fine watches in the United States and internationally. The company operates in two segments, Wholesale and Retail. The company offers its watches under the Coach, Concord, Ebel, Olivia Burton, Rebecca Minkoff and Uri Minkoff, Scuderia Ferrari, HUGO BOSS, Juicy Couture, Lacoste, Movado, and Tommy Hilfiger brand names. It also provides after-sales and shipping service. As of January 31, 2018, the company operated 40 retail outlet locations. Its customers include jewelry store chains, department stores, independent regional jewelers, licensors’ retail stores, and a network of independent distributors. The company was formerly known as North American Watch Corporation and changed its name to Movado Group, Inc. in 1996. Movado Group, Inc. was founded in 1961 and is based in Paramus, New Jersey.

Details
Name: Movado Group, Inc.
MOV
Exchange: NYSE
Founded: 1961
$770,939,940
23,095,864
Website: http://www.movadogroup.com
Address: Movado Group, Inc.
650 From Road,
Suite 375,
Paramus,
New Jersey, 07652,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE MOV Common Stock New York Stock Exchange US USD 30. Sep 1993
DB MV4 Common Stock Deutsche Boerse AG DE EUR 30. Sep 1993
Number of employees
Current staff
Staff numbers
1,000
Movado Group employees.
Industry
Apparel, Accessories and Luxury Goods
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/20 23:41
End of day share price update: 2019/03/20 00:00
Last estimates confirmation: 2019/02/15
Last earnings filing: 2018/12/04
Last earnings reported: 2018/10/31
Last annual earnings reported: 2018/01/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.