Skechers U.S.A
Market Cap
US$5.3b
Last Updated
2020/10/29 00:18 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 brand worldwide. More Details
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet with reasonable growth potential.
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 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-3.2%
SKX
-4.7%
US Luxury
-4.6%
US Market
1 Year Return
-10.5%
SKX
18.0%
US Luxury
11.5%
US Market
Return vs Industry: SKX underperformed the US Luxury industry which returned 18% over the past year.
Return vs Market: SKX underperformed the US Market which returned 11.5% over the past year.
Shareholder returns
| SKX | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.2% | -4.7% | -4.6% |
| 30 Day | 16.8% | 0.5% | -0.9% |
| 90 Day | 14.2% | 19.8% | 2.2% |
| 1 Year | -10.5%-10.5% | 19.4%18.0% | 14.0%11.5% |
| 3 Year | 4.8%4.8% | 75.3%67.1% | 34.5%25.6% |
| 5 Year | 14.1%14.1% | 52.0%41.9% | 73.0%53.6% |
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
2 days ago | Simply Wall St
Is It Time To Consider Buying Skechers U.S.A., Inc. (NYSE:SKX)?2 weeks ago | Simply Wall St
Skechers U.S.A., Inc.'s (NYSE:SKX) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?1 month ago | Simply Wall St
The Returns At Skechers U.S.A (NYSE:SKX) Provide Us With Signs Of What's To ComeValuation
Is Skechers U.S.A undervalued compared to its fair value and its price relative to the market?
34.1%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SKX ($33.43) is trading below our estimate of fair value ($50.71)
Significantly Below Fair Value: SKX is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SKX is poor value based on its PE Ratio (35.8x) compared to the US Luxury industry average (26.6x).
PE vs Market: SKX is poor value based on its PE Ratio (35.8x) compared to the US market (18.1x).
Price to Earnings Growth Ratio
PEG Ratio: SKX is good value based on its PEG Ratio (0.7x)
Price to Book Ratio
PB vs Industry: SKX is overvalued based on its PB Ratio (2.3x) compared to the US Luxury industry average (1.6x).
Next Steps
Future Growth
How is Skechers U.S.A forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
51.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SKX's forecast earnings growth (51% per year) is above the savings rate (2.2%).
Earnings vs Market: SKX's earnings (51% per year) are forecast to grow faster than the US market (22% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: SKX's revenue (11.7% per year) is forecast to grow faster than the US market (10% per year).
High Growth Revenue: SKX's revenue (11.7% 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 (14.4%).
Next Steps
Past Performance
How has Skechers U.S.A performed over the past 5 years?
3.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SKX has high quality earnings.
Growing Profit Margin: SKX's current net profit margins (3.1%) are lower than last year (6.7%).
Past Earnings Growth Analysis
Earnings Trend: SKX's earnings have grown by 3.5% per year over the past 5 years.
Accelerating Growth: SKX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SKX had negative earnings growth (-55.4%) over the past year, making it difficult to compare to the Luxury industry average (-45.4%).
Return on Equity
High ROE: SKX's Return on Equity (7.8%) is considered low.
Next Steps
Financial Health
How is Skechers U.S.A's financial position?
Financial Position Analysis
Short Term Liabilities: SKX's short term assets ($3.1B) exceed its short term liabilities ($1.1B).
Long Term Liabilities: SKX's short term assets ($3.1B) exceed its long term liabilities ($1.9B).
Debt to Equity History and Analysis
Debt Level: SKX's debt to equity ratio (31.3%) is considered satisfactory.
Reducing Debt: SKX's debt to equity ratio has increased from 8.7% to 31.3% over the past 5 years.
Debt Coverage: SKX's debt is well covered by operating cash flow (46.9%).
Interest Coverage: SKX's interest payments on its debt are well covered by EBIT (134.3x coverage).
Balance Sheet
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Dividend
What is Skechers U.S.A current dividend yield, its reliability and sustainability?
0.52%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate SKX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate SKX'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 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?
22.4yrs
Average management tenure
CEO
Robert Greenberg (80 yo)
27yrs
Tenure
US$13,697,047
Compensation
Mr. Robert Greenberg has been the Chairman and Chief Executive Officer of Skechers USA Inc. since October 1993, which Mr. Greenberg founded in 1992. From 1979 to 1992, Mr. Greenberg served as the Chairman ...
CEO Compensation Analysis
Compensation vs Market: Robert's total compensation ($USD13.70M) is above average for companies of similar size in the US market ($USD7.34M).
Compensation vs Earnings: Robert's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 27yrs | US$13.70m | 3.2% $ 168.7m | |
| Co-Founder | 28.75yrs | US$10.50m | 0.85% $ 44.9m | |
| Chief Financial Officer | 2.92yrs | US$2.28m | 0.063% $ 3.3m | |
| Executive VP | 22.25yrs | US$7.32m | 0.24% $ 12.9m | |
| Senior VP of Active Electronic Media & Director | 20.08yrs | no data | 0.55% $ 29.0m | |
| Executive Vice President of Product Development | 18.58yrs | US$4.09m | 0.047% $ 2.5m | |
| Executive VP of Business Affairs | 22.42yrs | US$2.01m | 0.038% $ 2.0m |
22.4yrs
Average Tenure
58yo
Average Age
Experienced Management: SKX's management team is seasoned and experienced (22.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 27yrs | US$13.70m | 3.2% $ 168.7m | |
| Co-Founder | 28.75yrs | US$10.50m | 0.85% $ 44.9m | |
| Executive VP | 22.25yrs | US$7.32m | 0.24% $ 12.9m | |
| Senior VP of Active Electronic Media & Director | 20.08yrs | no data | 0.55% $ 29.0m | |
| Lead Independent Director | 3.5yrs | US$246.04k | 0.11% $ 5.9m | |
| Independent Director | 18.92yrs | US$191.04k | 0.021% $ 1.1m | |
| Independent Director | 10.08yrs | US$178.54k | 0.021% $ 1.1m | |
| Independent Director | 14.75yrs | US$318.54k | 0.028% $ 1.5m | |
| Independent Director | 1.42yrs | US$168.78k | 0.0044% $ 233.8k | |
| Independent Director | 10.08yrs | US$233.54k | 0.011% $ 584.8k |
16.8yrs
Average Tenure
64.5yo
Average Age
Experienced Board: SKX's board of directors are seasoned and experienced ( 16.8 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.
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$5.278b
- Shares outstanding: 157.87m
- 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 brand worldwide. It operates through t ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/29 00:18 |
| End of Day Share Price | 2020/10/28 00:00 |
| Earnings | 2020/06/30 |
| 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.