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Skechers U.S.A

NYSE:SKX
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SKX
NYSE
$4B
Market Cap
  1. Home
  2. US
  3. Consumer Durables
Company description

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. The last earnings update was 6 days ago. More info.


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  • Skechers U.S.A has significant price volatility in the past 3 months.
SKX Share Price and Events
7 Day Returns
-4.5%
NYSE:SKX
-4%
US Luxury
-3.9%
US Market
1 Year Returns
-7.1%
NYSE:SKX
10.3%
US Luxury
1.4%
US Market
SKX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Skechers U.S.A (SKX) -4.5% -19.9% -14.9% -7.1% -4.6% 100.2%
US Luxury -4% -5.5% -2.9% 10.3% 30.1% 42.9%
US Market -3.9% -3.6% 1.8% 1.4% 35.8% 40.8%
1 Year Return vs Industry and Market
  • SKX underperformed the Luxury industry which returned 10.3% over the past year.
  • SKX underperformed the Market in United States of America which returned 1.4% over the past year.
Price Volatility
SKX
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Skechers U.S.A 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 Skechers U.S.A 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 Skechers U.S.A.

NYSE:SKX Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 10 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8%
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:SKX
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))
= 0.69 (1 + (1- 21%) (26.16%))
0.888
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.89
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.888 * 5.96%)
8.02%

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

The calculations below outline how an intrinsic value for Skechers U.S.A 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:SKX DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.02%)
2019 90.07 Analyst x3 83.38
2020 223.50 Analyst x3 191.54
2021 230.00 Analyst x1 182.47
2022 129.00 Analyst x1 94.74
2023 345.00 Analyst x1 234.56
2024 375.29 Est @ 8.78% 236.20
2025 401.42 Est @ 6.96% 233.89
2026 424.28 Est @ 5.69% 228.85
2027 444.67 Est @ 4.8% 222.03
2028 463.26 Est @ 4.18% 214.14
Present value of next 10 years cash flows $1,921.78
NYSE:SKX DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $463.26 × (1 + 2.73%) ÷ (8.02% – 2.73%)
$8,992.32
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $8,992.32 ÷ (1 + 8.02%)10
$4,156.55
NYSE:SKX Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,921.78 + $4,156.55
$6,078.33
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $6,078.33 / 157.40
$38.62
NYSE:SKX Discount to Share Price
Calculation Result
Value per share (USD) From above. $38.62
Current discount Discount to share price of $28.09
= -1 x ($28.09 - $38.62) / $38.62
27.3%

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

Current Discount
Amount off the current price Skechers U.S.A is available for.
Intrinsic value
27%
Share price is $28.09 vs Future cash flow value of $38.62
Current Discount Checks
For Skechers U.S.A to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Skechers U.S.A's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Skechers U.S.A's share price is below the future cash flow value, but not 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 Skechers U.S.A's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Skechers U.S.A's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:SKX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $1.88
NYSE:SKX Share Price ** NYSE (2019-05-15) in USD $28.09
United States of America Luxury Industry PE Ratio Median Figure of 38 Publicly-Listed Luxury Companies 16.42x
United States of America Market PE Ratio Median Figure of 3,087 Publicly-Listed Companies 17.79x

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

** Primary Listing of Skechers U.S.A.

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

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

= 28.09 ÷ 1.88

14.91x

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

  • Skechers U.S.A is good value based on earnings compared to the US Luxury industry average.
  • Skechers U.S.A is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Skechers U.S.A's expected growth come at a high price?
Raw Data
NYSE:SKX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.91x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
9.5%per year
United States of America Luxury Industry PEG Ratio Median Figure of 28 Publicly-Listed Luxury Companies 1.54x
United States of America Market PEG Ratio Median Figure of 2,113 Publicly-Listed Companies 1.52x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 14.91x ÷ 9.5%

1.56x

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

  • Skechers U.S.A is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Skechers U.S.A's assets?
Raw Data
NYSE:SKX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $13.46
NYSE:SKX Share Price * NYSE (2019-05-15) in USD $28.09
United States of America Luxury Industry PB Ratio Median Figure of 47 Publicly-Listed Luxury Companies 1.48x
United States of America Market PB Ratio Median Figure of 5,195 Publicly-Listed Companies 1.83x
NYSE:SKX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 28.09 ÷ 13.46

2.09x

* Primary Listing of Skechers U.S.A.

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

  • Skechers U.S.A is overvalued based on assets compared to the US Luxury industry average.
X
Value checks
We assess Skechers U.S.A'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. Skechers U.S.A has a total score of 3/6, 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.

Future Performance

 How is Skechers U.S.A expected to perform in the next 1 to 3 years based on estimates from 10 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
9.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Skechers U.S.A expected to grow at an attractive rate?
  • Skechers U.S.A's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Skechers U.S.A's earnings growth is positive but not above the United States of America market average.
  • Skechers U.S.A's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:SKX Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:SKX Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 9.5%
NYSE:SKX Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 7.8%
United States of America Luxury Industry Earnings Growth Rate Market Cap Weighted Average 13.2%
United States of America Luxury Industry Revenue Growth Rate Market Cap Weighted Average 6.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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:SKX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:SKX Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 6,817 551 2
2022-12-31 6,336 341 2
2021-12-31 5,842 447 377 6
2020-12-31 5,397 385 355 10
2019-12-31 5,012 348 317 10
NYSE:SKX Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 4,689 502 292
2018-12-31 4,663 569 301
2018-09-30 4,554 397 187
2018-06-30 4,470 306 189
2018-03-31 4,359 247 203
2017-12-31 4,181 159 179
2017-09-30 3,973 294 253
2017-06-30 3,821 288 225
2017-03-31 3,673 309 240
2016-12-31 3,577 362 243
2016-09-30 3,535 316 266
2016-06-30 3,448 328 268

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Skechers U.S.A's earnings are expected to grow by 9.5% yearly, however this is not considered high growth (20% yearly).
  • Skechers U.S.A's revenue is expected to grow by 7.8% 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:SKX Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below

All data from Skechers U.S.A Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:SKX Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 2.55 2.70 2.30 3.00
2020-12-31 2.33 2.53 2.10 7.00
2019-12-31 2.07 2.24 1.98 7.00
NYSE:SKX Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 1.88
2018-12-31 1.93
2018-09-30 1.20
2018-06-30 1.21
2018-03-31 1.30
2017-12-31 1.15
2017-09-30 1.63
2017-06-30 1.45
2017-03-31 1.55
2016-12-31 1.58
2016-09-30 1.73
2016-06-30 1.74

*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.
  • Skechers U.S.A is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Skechers U.S.A'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.
Skechers U.S.A has a total score of 2/6, 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.

Past Performance

  How has Skechers U.S.A 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 Skechers U.S.A'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.
  • Skechers U.S.A's year on year earnings growth rate has been positive over the past 5 years.
  • Skechers U.S.A's 1-year earnings growth exceeds its 5-year average (44% vs 11.8%)
  • Skechers U.S.A's earnings growth has not exceeded the US Luxury industry average in the past year (44% vs 56.5%).
Earnings and Revenue History
Skechers U.S.A'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 Skechers U.S.A Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:SKX Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 4,689.01 292.15 1,796.44
2018-12-31 4,662.65 301.04 1,806.42
2018-09-30 4,553.89 187.01 1,774.32
2018-06-30 4,470.38 188.60 1,735.91
2018-03-31 4,359.39 202.85 1,656.20
2017-12-31 4,180.83 179.19 1,572.68
2017-09-30 3,973.21 252.50 1,500.88
2017-06-30 3,820.85 225.30 1,424.07
2017-03-31 3,672.82 239.88 1,338.04
2016-12-31 3,577.20 243.49 1,277.96
2016-09-30 3,534.53 266.28 1,224.10
2016-06-30 3,447.63 267.77 1,188.23
2016-03-31 3,370.61 273.44 1,134.92
2015-12-31 3,159.07 231.91 1,084.93
2015-09-30 3,004.37 224.39 1,032.66
2015-06-30 2,822.21 208.91 971.35
2015-03-31 2,607.01 163.93 922.91
2014-12-31 2,386.67 138.81 871.94
2014-09-30 2,268.39 131.06 831.62
2014-06-30 2,109.46 106.78 787.32
2014-03-31 1,950.24 79.07 749.02
2013-12-31 1,854.10 54.79 732.92
2013-09-30 1,798.69 44.58 708.73
2013-06-30 1,712.47 28.73 689.90
2013-03-31 1,668.41 19.86 685.23
2012-12-31 1,567.43 9.51 668.11
2012-09-30 1,455.58 -52.11 679.90
2012-06-30 1,437.99 -54.82 685.01

*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.
  • Skechers U.S.A has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Skechers U.S.A used its assets less efficiently than the US Luxury industry average last year based on Return on Assets.
  • Skechers U.S.A's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Skechers U.S.A'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.
Skechers U.S.A has a total score of 2/6, 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.

Health

 How is Skechers U.S.A'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 Skechers U.S.A's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Skechers U.S.A is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Skechers U.S.A's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Skechers U.S.A'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 2.1x 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 Skechers U.S.A Company Filings, last reported 1 month ago.

NYSE:SKX Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 2,235.52 1,156.83 783.89
2018-12-31 2,189.28 97.01 972.27
2018-09-30 2,167.26 87.04 890.05
2018-06-30 2,113.46 83.17 887.74
2018-03-31 2,083.33 84.65 700.07
2017-12-31 1,948.21 80.92 736.43
2017-09-30 1,999.70 83.82 802.93
2017-06-30 1,883.26 74.11 751.58
2017-03-31 1,802.51 76.87 607.81
2016-12-31 1,685.51 75.03 718.54
2016-09-30 1,674.80 74.50 665.29
2016-06-30 1,591.69 73.10 628.83
2016-03-31 1,498.82 82.98 443.83
2015-12-31 1,375.73 84.65 507.99
2015-09-30 1,325.49 102.47 510.68
2015-06-30 1,291.86 112.22 513.90
2015-03-31 1,196.53 113.51 396.71
2014-12-31 1,134.11 118.30 466.69
2014-09-30 1,106.45 119.62 440.79
2014-06-30 1,055.04 122.73 414.81
2014-03-31 1,013.27 125.63 329.45
2013-12-31 979.92 128.60 372.01
2013-09-30 965.08 131.58 332.81
2013-06-30 935.01 135.74 333.01
2013-03-31 929.16 140.34 264.66
2012-12-31 919.09 142.61 325.83
2012-09-30 916.30 138.20 307.95
2012-06-30 894.09 141.75 374.19
  • Skechers U.S.A's level of debt (51.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (12.4% vs 51.7% today).
  • Debt is well covered by operating cash flow (43.4%, greater than 20% of total debt).
  • Skechers U.S.A earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Skechers U.S.A'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. Skechers U.S.A has a total score of 4/6, 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.

Dividends

 What is Skechers U.S.A'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
0%
Current annual income from Skechers U.S.A dividends. Estimated to be 0.37% next year.
If you bought $2,000 of Skechers U.S.A shares you are expected to receive $0 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?
  • Unable to evaluate Skechers U.S.A's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Skechers U.S.A's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:SKX 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 10 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 1997 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 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

NYSE:SKX Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.40 1.00
2022-12-31 0.40 1.00
2021-12-31 0.12 3.00
2020-12-31 0.00 3.00
2019-12-31 0.00 3.00

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

  • Unable to perform a dividend volatility check as Skechers U.S.A has not reported any payouts.
  • Unable to verify if Skechers U.S.A's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Skechers U.S.A's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Skechers U.S.A has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Skechers U.S.A's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Skechers U.S.A'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 Skechers U.S.A afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Skechers U.S.A has a total score of 0/6, see the detailed checks below.


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

Management

 What is the CEO of Skechers U.S.A'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
Robert Greenberg
COMPENSATION $27,361,406
AGE 78
TENURE AS CEO 25.6 years
CEO Bio

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 of the Board, Chief Operating Officer and President of L.A. Gear Inc., which he founded in 1979. In 1982, he opened a Los Angeles women's apparel store on Melrose Avenue. He serves as a Director of Skechers USA Inc. He served as a Director of Magic Lantern Group Inc.

CEO Compensation
  • Robert's compensation has increased by more than 20% in the past year.
  • Robert'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 Skechers U.S.A management team in years:

21
Average Tenure
56
Average Age
  • The average tenure for the Skechers U.S.A management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Robert Greenberg

TITLE
Co-Founder
COMPENSATION
$27M
AGE
78
TENURE
25.6 yrs

Michael Greenberg

TITLE
Co-Founder
COMPENSATION
$22M
AGE
55
TENURE
27.3 yrs

John Vandemore

TITLE
Chief Financial Officer
COMPENSATION
$1M
AGE
44
TENURE
1.5 yrs

David Weinberg

TITLE
Executive VP
COMPENSATION
$17M
AGE
67
TENURE
13.3 yrs

Mark Nason

TITLE
Executive VP of Product Development
COMPENSATION
$2M
AGE
56
TENURE
17.2 yrs

Philip Paccione

TITLE
Executive VP of Business Affairs
COMPENSATION
$2M
AGE
56
TENURE
21 yrs

Jeff Greenberg

TITLE
Senior VP of Active Electronic Media & Director
AGE
50
TENURE
21.3 yrs
Board of Directors Tenure

Average tenure and age of the Skechers U.S.A board of directors in years:

17.5
Average Tenure
67
Average Age
  • The average tenure for the Skechers U.S.A board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Robert Greenberg

TITLE
Co-Founder
COMPENSATION
$27M
AGE
78
TENURE
25.6 yrs

Michael Greenberg

TITLE
Co-Founder
COMPENSATION
$22M
AGE
55
TENURE
27.3 yrs

David Weinberg

TITLE
Executive VP
COMPENSATION
$17M
AGE
67
TENURE
20.8 yrs

Jeff Greenberg

TITLE
Senior VP of Active Electronic Media & Director
AGE
50
TENURE
18.7 yrs

Richard Siskind

TITLE
Lead Independent Director
COMPENSATION
$295K
AGE
72
TENURE
2.1 yrs

Morton Erlich

TITLE
Independent Director
COMPENSATION
$377K
AGE
73
TENURE
13.3 yrs

Thomas Walsh

TITLE
Independent Director
COMPENSATION
$287K
AGE
76
TENURE
8.7 yrs

J. Kosinski

TITLE
Independent Director
COMPENSATION
$240K
AGE
52
TENURE
17.5 yrs

Rick Rappaport

TITLE
Independent Director
COMPENSATION
$222K
AGE
58
TENURE
8.7 yrs
Who owns this company?
Recent Insider Trading
  • Skechers U.S.A insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
06. May 19 Sell Robert Greenberg Individual 02. May 19 02. May 19 -25,210 $31.17 $-785,796
06. May 19 Sell David Weinberg Individual 02. May 19 02. May 19 -18,907 $31.17 $-589,331
06. May 19 Sell Michael Greenberg Individual 02. May 19 02. May 19 -22,689 $31.17 $-707,216
06. May 19 Sell Mark Nason Individual 03. May 19 03. May 19 -13,191 $32.00 $-422,112
02. May 19 Sell Philip Paccione Individual 02. May 19 02. May 19 -9,693 $31.17 $-302,131
17. Apr 19 Sell Jeffrey Greenberg Individual 16. Apr 19 16. Apr 19 -29,769 $35.00 $-1,041,915
08. Mar 19 Sell Michael Greenberg Individual 06. Mar 19 07. Mar 19 -71,178 $33.01 $-2,327,151
05. Mar 19 Sell Robert Greenberg Individual 04. Mar 19 04. Mar 19 -50,420 $34.09 $-1,718,818
04. Mar 19 Sell David Weinberg Individual 04. Mar 19 04. Mar 19 -32,943 $34.09 $-1,123,027
04. Mar 19 Sell Michael Greenberg Individual 04. Mar 19 04. Mar 19 -40,336 $34.09 $-1,375,054
07. Nov 18 Sell Michael Greenberg Individual 02. Nov 18 02. Nov 18 -75,630 $29.28 $-2,214,189
05. Sep 18 Sell Philip Paccione Individual 04. Sep 18 04. Sep 18 -650 $29.65 $-19,272
X
Management checks
We assess Skechers U.S.A'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. Skechers U.S.A 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.

News

Simply Wall St News

The Skechers U.S.A (NYSE:SKX) Share Price Has Gained 185%, So Why Not Pay It Some Attention?

(NYSE:SKX) share price has soared 185% in the last half decade. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … During five years of share price growth, Skechers U.S.A achieved compound earnings per share (EPS) growth of 40% per year.

Simply Wall St -

Skechers U.S.A., Inc. (NYSE:SKX): Secrets For Long Term Investors

High quality companies, such as Skechers U.S.A., Inc., are impacted by general market panic and sell-off, but the fundamentals of these companies stay the same. … Check out our latest analysis for Skechers U.S.A. … designs, develops, markets, and distributes footwear for men, women, and children; and performance footwear for men and women under the Skechers GO brand worldwide

Simply Wall St -

Here's What We Think About Skechers U.S.A., Inc.'s (NYSE:SKX) CEO Pay

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Robert Greenberg's Compensation Compare With Similar Sized Companies. … has a market capitalization of US$5.0b, and pays its CEO total annual compensation worth US$7.8m.

Simply Wall St -

Is Skechers U.S.A., Inc.'s (NYSE:SKX) ROE Of 17% Impressive?

Over the last twelve months Skechers U.S.A has recorded a ROE of 17%. … One way to conceptualize this, is that for each $1 of shareholders' equity it has, the company made $0.17 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Here's What Skechers U.S.A., Inc.'s (NYSE:SKX) ROCE Can Tell Us

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Understanding Return On Capital Employed (ROCE). … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

Calculating The Fair Value Of Skechers U.S.A., Inc. (NYSE:SKX)

by taking the expected future cash flows and discounting them to their present value. … Discounted Cash Flows (DCF) … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model.

Simply Wall St -

Why I Like Skechers U.S.A., Inc. (NYSE:SKX)

Help shape the future of investing tools and you could win a $250 gift card! … Looking at the company as a whole, as a potential stock investment, I believe SKX has a lot to offer. … is a company with great financial health as well as a

Simply Wall St -

Have Insiders Been Selling Skechers U.S.A., Inc. (NYSE:SKX) Shares?

(NYSE:SKX), you may well want to know whether insiders have been buying or selling. … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … So we know that an insider sold shares at around the present share price of US$25.27

Simply Wall St -

A Note On Skechers U.S.A., Inc.'s (NYSE:SKX) ROE and Debt To Equity

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … That means that for every $1 worth of shareholders' equity, it generated $0.12 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Is Skechers USA Inc's (NYSE:SKX) Liquidity Good Enough?

Small-caps and large-caps are wildly popular among investors; however, mid-cap stocks, such as Skechers USA Inc (NYSE:SKX) with a market-capitalization of US$4.3b, rarely draw their attention. … Don’t forget that this is a general and concentrated examination of Skechers U.S.A's financial health, so you should conduct further analysis. … See our latest analysis for Skechers U.S.A

Simply Wall St -

Company Info

Description

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 February 27, 2019, it owned and operated approximately 3,000 company-owned and third-party-owned retail stores. Skechers U.S.A., Inc. was founded in 1992 and is headquartered in Manhattan Beach, California.

Details
Name: Skechers U.S.A., Inc.
SKX
Exchange: NYSE
Founded: 1992
$4,421,382,994
157,400,605
Website: http://www.skechers.com
Address: Skechers U.S.A., Inc.
228 Manhattan Beach Boulevard,
Manhattan Beach,
California, 90266,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE SKX Class A Common Stock New York Stock Exchange US USD 09. Jun 1999
DB SKAA Class A Common Stock Deutsche Boerse AG DE EUR 09. Jun 1999
LSE 0L73 Class A Common Stock London Stock Exchange GB USD 09. Jun 1999
Number of employees
Current staff
Staff numbers
9,000
Skechers U.S.A employees.
Industry
Footwear
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/16 01:31
End of day share price update: 2019/05/15 00:00
Last estimates confirmation: 2019/05/13
Last earnings filing: 2019/05/10
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


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.