NYSE:SKX

Stock Analysis Report

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.

Snowflake

Fundamentals

Flawless balance sheet with proven track record.

Risks

  • Skechers U.S.A has significant price volatility in the past 3 months.

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


Market Performance


7 Day Return

-8.6%

NYSE:SKX

-4.4%

US Luxury

-1.0%

US Market


1 Year Return

3.4%

NYSE:SKX

-11.4%

US Luxury

-0.4%

US Market

SKX outperformed the Luxury industry which returned -11.4% over the past year.

SKX outperformed the Market in United States of America which returned -0.4% over the past year.


Share holder returns

SKXIndustryMarket
7 Day-8.6%-4.4%-1.0%
30 Day-11.0%-11.4%-3.3%
90 Day9.8%-10.0%0.8%
1 Year3.4%3.4%-9.5%-11.4%1.9%-0.4%
3 Year23.9%23.9%16.3%11.2%39.4%30.4%
5 Year58.4%58.4%34.1%25.6%54.2%37.1%

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

Valuation

Is Skechers U.S.A undervalued based on future cash flows and its price relative to the stock market?

25%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

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 Based on Earnings

Skechers U.S.A is overvalued 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

Skechers U.S.A is poor value based on expected growth next year.


Price Based on Value of Assets

Skechers U.S.A is overvalued based on assets compared to the US Luxury industry average.


Next Steps

Future Growth

How is Skechers U.S.A expected to perform in the next 1 to 3 years based on estimates from 11 analysts?

5.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Skechers U.S.A's revenue is expected to grow by 7.7% yearly, however this is not considered high growth (20% yearly).

Skechers U.S.A's earnings are expected to grow by 5.9% yearly, however this is not considered high growth (20% yearly).

Skechers U.S.A's revenue growth is expected to exceed the United States of America market average.

Skechers U.S.A's earnings growth is positive but not above the United States of America market average.

Skechers U.S.A's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Skechers U.S.A is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Skechers U.S.A performed over the past 5 years?

10.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

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 (70.8% vs 10.4%)

Skechers U.S.A's earnings growth has exceeded the US Luxury industry average in the past year (70.8% vs 55.2%).


Return on Equity

Skechers U.S.A has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Skechers U.S.A used its assets more efficiently than the US Luxury industry average last year based on Return on Assets.


Return on Capital Employed

Skechers U.S.A's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Skechers U.S.A's financial position?


Financial Position Analysis

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.


Debt to Equity History and Analysis

Skechers U.S.A's level of debt (4.9%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (7.7% vs 4.9% today).

Debt is well covered by operating cash flow (489.1%, greater than 20% of total debt).

Skechers U.S.A earns more interest than it pays, coverage of interest payments is not a concern.


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 21.9x debt.


Next Steps

Dividend

What is Skechers U.S.A's current dividend yield, its reliability and sustainability?

0.35%

Expected Dividend Yield


Dividend Yield and Payments Analysis

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.

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

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.


Next Steps

Management

What is the CEO of Skechers U.S.A's salary, the management and board of directors tenure and is there insider trading?

21.3yrs

Average management tenure


CEO

Robert Greenberg (79yo)

25.8yrs

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

Robert's remuneration is higher than average for companies of similar size in United States of America.

Robert's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

21.3yrs

Average Tenure

57yo

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.


Board Age and Tenure

15.7yrs

Average Tenure

68yo

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.


Insider Trading

Skechers U.S.A individual insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$59,66025 Jul 19
Thomas Walsh
EntityIndividual
Role
Member of the Board of Directors
Shares1,500
Max PriceUS$39.77
SellUS$93,87021 Jun 19
Richard Rappaport
EntityIndividual
Role
Member of the Board of Directors
Shares3,000
Max PriceUS$31.29
SellUS$707,21606 May 19
Michael Greenberg
EntityIndividual
Role
Co-Founder
Member of the Board of Directors
Shares22,689
Max PriceUS$31.17
SellUS$785,79606 May 19
Robert Greenberg
EntityIndividual
Role
Co-Founder
Chairman of the Board
Shares25,210
Max PriceUS$31.17
SellUS$589,33106 May 19
David Weinberg
EntityIndividual
Role
Executive VP
Member of the Board of Directors
Shares18,907
Max PriceUS$31.17
SellUS$422,11206 May 19
Mark Nason
EntityIndividual
Role
Executive VP of Product Development
Shares13,191
Max PriceUS$32.00
SellUS$302,13102 May 19
Philip Paccione
EntityIndividual
Role
Executive VP of Business Affairs
Shares9,693
Max PriceUS$31.17
SellUS$1,041,91517 Apr 19
Jeffrey Greenberg
EntityIndividual
Role
Senior VP of Active Electronic Media & Director
Member of the Board of Directors
Shares29,769
Max PriceUS$35.00
SellUS$2,327,15108 Mar 19
Michael Greenberg
EntityIndividual
Role
Co-Founder
Member of the Board of Directors
Shares71,178
Max PriceUS$33.01
SellUS$1,718,81805 Mar 19
Robert Greenberg
EntityIndividual
Role
Co-Founder
Chairman of the Board
Shares50,420
Max PriceUS$34.09
SellUS$1,123,02704 Mar 19
David Weinberg
EntityIndividual
Role
Executive VP
Member of the Board of Directors
Shares32,943
Max PriceUS$34.09
SellUS$1,375,05404 Mar 19
Michael Greenberg
EntityIndividual
Role
Co-Founder
Member of the Board of Directors
Shares40,336
Max PriceUS$34.09
SellUS$2,214,18907 Nov 18
Michael Greenberg
EntityIndividual
Role
Co-Founder
Member of the Board of Directors
Shares75,630
Max PriceUS$29.28
SellUS$19,27205 Sep 18
Philip Paccione
EntityIndividual
Role
Executive VP of Business Affairs
Shares650
Max PriceUS$29.65

Ownership Breakdown


Management Team

  • Robert Greenberg (79yo)

    Co-Founder

    • Tenure: 25.8yrs
    • Compensation: $27.36m
  • Michael Greenberg (56yo)

    Co-Founder

    • Tenure: 27.6yrs
    • Compensation: $21.68m
  • David Weinberg (68yo)

    Executive VP

    • Tenure: 13.6yrs
    • Compensation: $16.55m
  • Philip Paccione (57yo)

    Executive VP of Business Affairs

    • Tenure: 21.3yrs
    • Compensation: $2.01m
  • Jeff Greenberg (51yo)

    Senior VP of Active Electronic Media & Director

    • Tenure: 21.6yrs
  • Mark Nason (57yo)

    Executive VP of Product Development

    • Tenure: 17.4yrs
    • Compensation: $2.38m
  • John Vandemore (45yo)

    Chief Financial Officer

    • Tenure: 1.8yrs
    • Compensation: $1.30m

Board Members

  • Michael Greenberg (56yo)

    Co-Founder

    • Tenure: 27.6yrs
    • Compensation: $21.68m
  • David Weinberg (68yo)

    Executive VP

    • Tenure: 21.1yrs
    • Compensation: $16.55m
  • Morton Erlich (74yo)

    Independent Director

    • Tenure: 13.6yrs
    • Compensation: $377.43k
  • Jeff Greenberg (51yo)

    Senior VP of Active Electronic Media & Director

    • Tenure: 18.9yrs
  • Richard Siskind (73yo)

    Lead Independent Director

    • Tenure: 2.3yrs
    • Compensation: $294.93k
  • J. Kosinski (53yo)

    Independent Director

    • Tenure: 17.8yrs
    • Compensation: $239.93k
  • Rick Rappaport (59yo)

    Independent Director

    • Tenure: 8.9yrs
    • Compensation: $222.43k
  • Thomas Walsh (77yo)

    Independent Director

    • Tenure: 8.9yrs
    • Compensation: $287.43k
  • Robert Greenberg (79yo)

    Co-Founder

    • Tenure: 25.8yrs
    • Compensation: $27.36m
  • Katherine Blair

    Independent Director

    • Tenure: 0.3yrs

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$4.863b
  • Shares outstanding: 156.77m
  • Website: Click here

Number of Employees


Location

  • Skechers U.S.A., Inc.
  • 228 Manhattan Beach Boulevard
  • Manhattan Beach
  • California
  • 90266
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SKXNYSE (New York Stock Exchange)YesClass A Common StockUSUSDJun 1999
SKAADB (Deutsche Boerse AG)YesClass A Common StockDEEURJun 1999
0L73LSE (London Stock Exchange)YesClass A Common StockGBUSDJun 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 throug ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/17 23:48
End of Day Share Price2019/08/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.