Skechers U.S.A
Market Cap
US$5.4b
Last Updated
2020/02/26 00:27 UTC
Data Sources
Company Financials +
Executive Summary
Skechers U.S.A., Inc. designs, develops, markets, and distributes footwear for men, women, and children; and performance footwear for men and women under the Skechers GO brand worldwide.
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with proven track record.
Similar Companies
Share Price & News
How has Skechers U.S.A's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SKX's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-13.9%
SKX
-6.5%
US Luxury
-4.2%
US Market
1 Year Return
-3.7%
SKX
4.0%
US Luxury
14.0%
US Market
Return vs Industry: SKX underperformed the US Luxury industry which returned 4% over the past year.
Return vs Market: SKX underperformed the US Market which returned 14% over the past year.
Shareholder returns
| SKX | Industry | Market | |
|---|---|---|---|
| 7 Day | -13.9% | -6.5% | -4.2% |
| 30 Day | -13.9% | -6.3% | -1.8% |
| 90 Day | -19.7% | -1.3% | 2.6% |
| 1 Year | -3.7%-3.7% | 6.1%4.0% | 16.3%14.0% |
| 3 Year | 27.5%27.5% | 57.8%50.7% | 43.2%34.0% |
| 5 Year | 43.8%43.8% | 40.3%30.9% | 65.9%47.6% |
Price Volatility Vs. Market
How volatile is Skechers U.S.A's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 days ago | Simply Wall St
Should You Be Excited About Skechers U.S.A., Inc.'s (NYSE:SKX) 17% Return On Equity?2 weeks ago | Simply Wall St
Skechers U.S.A., Inc. Just Reported Annual Earnings: Have Analysts Changed Their Mind On The Stock?2 weeks ago | Simply Wall St
Do Insiders Own Shares In Skechers U.S.A., Inc. (NYSE:SKX)?Valuation
Is Skechers U.S.A undervalued compared to its fair value and its price relative to the market?
14.52x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: SKX ($34.14) is trading above our estimate of fair value ($20.59)
Significantly Below Fair Value: SKX is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SKX is good value based on its PE Ratio (15.1x) compared to the Luxury industry average (16.2x).
PE vs Market: SKX is good value based on its PE Ratio (15.1x) compared to the US market (17.7x).
Price to Earnings Growth Ratio
PEG Ratio: SKX is poor value based on its PEG Ratio (1.5x)
Price to Book Ratio
PB vs Industry: SKX is overvalued based on its PB Ratio (2.3x) compared to the US Luxury industry average (1.1x).
Next Steps
Future Growth
How is Skechers U.S.A forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
9.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SKX's forecast earnings growth (9.9% per year) is above the savings rate (1.7%).
Earnings vs Market: SKX's earnings (9.9% per year) are forecast to grow slower than the US market (13.1% per year).
High Growth Earnings: SKX's earnings are forecast to grow, but not significantly.
Revenue vs Market: SKX's revenue (8.6% per year) is forecast to grow faster than the US market (7.6% per year).
High Growth Revenue: SKX's revenue (8.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SKX's Return on Equity is forecast to be low in 3 years time (13.9%).
Next Steps
Past Performance
How has Skechers U.S.A performed over the past 5 years?
9.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SKX has a high level of non-cash earnings.
Growing Profit Margin: SKX's current net profit margins (6.6%) are higher than last year (6.5%).
Past Earnings Growth Analysis
Earnings Trend: SKX's earnings have grown by 9.3% per year over the past 5 years.
Accelerating Growth: SKX's earnings growth over the past year (15.1%) exceeds its 5-year average (9.3% per year).
Earnings vs Industry: SKX earnings growth over the past year (15.1%) exceeded the Luxury industry 3.5%.
Return on Equity
High ROE: SKX's Return on Equity (16.8%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Skechers U.S.A's financial position?
Financial Position Analysis
Short Term Liabilities: SKX's short term assets ($2.8B) exceed its short term liabilities ($1.2B).
Long Term Liabilities: SKX's short term assets ($2.8B) exceed its long term liabilities ($1.1B).
Debt to Equity History and Analysis
Debt Level: SKX's debt to equity ratio (4.8%) is considered satisfactory.
Reducing Debt: SKX's debt to equity ratio has reduced from 10.4% to 4.8% over the past 5 years.
Debt Coverage: SKX's debt is well covered by operating cash flow (416.6%).
Interest Coverage: SKX earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: SKX has a high level of physical assets or inventory.
Debt Coverage by Assets: SKX's debt is covered by short term assets (assets are 23.3x debt).
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Dividend
What is Skechers U.S.A's current dividend yield, its reliability and sustainability?
0.43%
Forecast Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate SKX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate SKX's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if SKX's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SKX's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of SKX'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?
21.8yrs
Average management tenure
CEO
Robert Greenberg (79yo)
26.3yrs
Tenure
US$27,361,406
Compensation
Mr. Robert Greenberg has been the Chairman and Chief Executive Officer of Skechers USA Inc. since October 1993, which Mr. Greenberg founded in 1992. From 1979 to 1992, Mr. Greenberg served as the Chairman ...
CEO Compensation Analysis
Compensation vs Market: Robert's total compensation ($USD27.36M) is above average for companies of similar size in the US market ($USD6.39M).
Compensation vs Earnings: Robert's compensation has increased by more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 26.3yrs | US$27.36m | 3.54% $189.3m | |
| Co-Founder | 28.1yrs | US$21.68m | 1.09% $58.6m | |
| Chief Financial Officer | 2.3yrs | US$1.30m | 0.067% $3.6m | |
| Executive VP | 21.6yrs | US$16.55m | 0.44% $23.4m | |
| Executive VP of Product Development | 17.9yrs | US$2.38m | 0.063% $3.4m | |
| Executive VP of Business Affairs | 21.8yrs | US$2.01m | 0.048% $2.6m | |
| Senior VP of Active Electronic Media & Director | 19.4yrs | no data | 0.82% $44.0m |
21.8yrs
Average Tenure
57yo
Average Age
Experienced Management: SKX's management team is seasoned and experienced (21.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 26.3yrs | US$27.36m | 3.54% $189.3m | |
| Co-Founder | 28.1yrs | US$21.68m | 1.09% $58.6m | |
| Executive VP | 21.6yrs | US$16.55m | 0.44% $23.4m | |
| Senior VP of Active Electronic Media & Director | 19.4yrs | no data | 0.82% $44.0m | |
| Lead Independent Director | 2.8yrs | US$294.93k | 0.11% $5.9m | |
| Independent Director | 18.3yrs | US$239.93k | 0.018% $990.1k | |
| Independent Director | 9.4yrs | US$222.43k | 0.018% $990.1k | |
| Independent Director | 14.1yrs | US$377.43k | 0.026% $1.4m | |
| Independent Director | 0.8yrs | no data | 0.0022% $119.3k | |
| Independent Director | 9.4yrs | US$287.43k | 0.0089% $477.9k |
16.2yrs
Average Tenure
68yo
Average Age
Experienced Board: SKX's board of directors are seasoned and experienced ( 16.2 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: SKX 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
Skechers U.S.A., Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Skechers U.S.A., Inc.
- Ticker: SKX
- Exchange: NYSE
- Founded: 1992
- Industry: Footwear
- Sector: Consumer Durables
- Market Cap: US$5.352b
- Shares outstanding: 156.76m
- Website: https://www.skechers.com
Number of Employees
Location
- Skechers U.S.A., Inc.
- 228 Manhattan Beach Boulevard
- Manhattan Beach
- California
- 90266
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SKX | NYSE (New York Stock Exchange) | Yes | Class A Common Stock | US | USD | Jun 1999 |
| SKAA | DB (Deutsche Boerse AG) | Yes | Class A Common Stock | DE | EUR | Jun 1999 |
| 0L73 | LSE (London Stock Exchange) | Yes | Class A Common Stock | GB | USD | Jun 1999 |
Biography
Skechers U.S.A., Inc. designs, develops, markets, and distributes footwear for men, women, and children; and performance footwear for men and women under the Skechers GO brand worldwide. It operates through three segments: Domestic Wholesale Sales, International Wholesale Sales, and Retail Sales. The company offers casual boots, shoes, and sandals for men; shoes, oxfords and slip-ons, lug outsole and fashion boots, and casual sandals for women; dress casuals, seasonal sandals and boots, classic and wide fit, and relaxed fit casuals for men and women; and casual athletic line for men and women under the Skechers USA brand. It also provides lightweight sport athletic lifestyle products, classic athletic-inspired styles, and sport sandals and boots under the Skechers Sport brand name; casual and sport styles sneakers, and sandals under the Skechers Active and Skechers Sport Active brand; and sneakers under Skecher Street brand for millennials, Gen Y’s, and young women. In addition, the company offers classic espadrille, and vulcanized and sport footwear under the BOBS from Skechers name; dress, casual, and active styles, as well as boots and accessories for men under the Mark Nason name; technical footwear under the Skechers Performance brand for men and women, as well as under the YOU by Skechers name for women; and boots, shoes, high-tops, sneakers, and sandals for infants, toddlers, boys, and girls under the Skechers Kids name. Further, it provides men’s and women’s casuals, such as field boots, hikers, and athletic shoes under the Skechers Work name. The company sells its products through department and specialty stores, athletic and independent retailers, boutiques, and Internet retailers, as well as through its e-commerce Websites and own retail stores. As of October 30, 2019, it owned and operated approximately 3,300 company-owned and third-party-owned retail stores. Skechers U.S.A., Inc. was founded in 1992 and is headquartered in Manhattan Beach, California.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/26 00:27 |
| End of Day Share Price | 2020/02/25 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.