NYSE:UAA

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

Under Armour, Inc., together with its subsidiaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. More Details


Snowflake Analysis

Reasonable growth potential with imperfect balance sheet.


Similar Companies

Share Price & News

How has Under Armour's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: UAA's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

12.8%

UAA

1.1%

US Luxury

-0.4%

US Market


1 Year Return

-30.4%

UAA

22.9%

US Luxury

18.3%

US Market

Return vs Industry: UAA underperformed the US Luxury industry which returned 20% over the past year.

Return vs Market: UAA underperformed the US Market which returned 17.8% over the past year.


Shareholder returns

UAAIndustryMarket
7 Day12.8%1.1%-0.4%
30 Day33.2%6.8%8.0%
90 Day34.4%25.9%9.4%
1 Year-30.4%-30.4%24.2%22.9%21.0%18.3%
3 Year-8.6%-8.6%79.9%71.6%42.1%32.7%
5 Year-69.2%-69.2%63.6%52.8%85.6%64.7%

Price Volatility Vs. Market

How volatile is Under Armour's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Under Armour undervalued compared to its fair value and its price relative to the market?

10.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: UAA ($14.18) is trading below our estimate of fair value ($16.37)

Significantly Below Fair Value: UAA is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: UAA is unprofitable, so we can't compare its PE Ratio to the US Luxury industry average.

PE vs Market: UAA is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate UAA's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: UAA is overvalued based on its PB Ratio (4.5x) compared to the US Luxury industry average (1.7x).


Next Steps

Future Growth

How is Under Armour forecast to perform in the next 1 to 3 years based on estimates from 32 analysts?

74.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: UAA is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).

Earnings vs Market: UAA is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: UAA's is expected to become profitable in the next 3 years.

Revenue vs Market: UAA's revenue (10.3% per year) is forecast to grow faster than the US market (10% per year).

High Growth Revenue: UAA's revenue (10.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: UAA's Return on Equity is forecast to be low in 3 years time (2.3%).


Next Steps

Past Performance

How has Under Armour performed over the past 5 years?

-60.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: UAA is currently unprofitable.

Growing Profit Margin: UAA is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: UAA is unprofitable, and losses have increased over the past 5 years at a rate of 60.3% per year.

Accelerating Growth: Unable to compare UAA's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: UAA is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (-47.1%).


Return on Equity

High ROE: UAA has a negative Return on Equity (-48.16%), as it is currently unprofitable.


Next Steps

Financial Health

How is Under Armour's financial position?


Financial Position Analysis

Short Term Liabilities: UAA's short term assets ($3.1B) exceed its short term liabilities ($1.6B).

Long Term Liabilities: UAA's short term assets ($3.1B) exceed its long term liabilities ($2.0B).


Debt to Equity History and Analysis

Debt Level: UAA's debt to equity ratio (87%) is considered high.

Reducing Debt: UAA's debt to equity ratio has increased from 50.8% to 87% over the past 5 years.

Debt Coverage: UAA's debt is not well covered by operating cash flow (7%).

Interest Coverage: Insufficient data to determine if UAA's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is Under Armour current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate UAA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate UAA'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 UAA's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if UAA'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 UAA'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?

1.4yrs

Average management tenure


CEO

Patrik Frisk (57 yo)

0.75

Tenure

US$6,002,446

Compensation

Mr. Patrik Frisk has been Chief Executive Officer of Under Armour, Inc. since January 1, 2020 and its President since July 10, 2017. He served as the and Chief Operating Officer of Under Armour, Inc. since ...


CEO Compensation Analysis

Compensation vs Market: Patrik's total compensation ($USD6.00M) is about average for companies of similar size in the US market ($USD7.32M).

Compensation vs Earnings: Patrik's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Kevin Plank
Founder24.75yrsUS$5.95m15.06%
$ 936.5m
Patrik Frisk
CEO, President & Executive Director0.75yrUS$6.00m0.26%
$ 15.9m
David Bergman
Chief Financial Officerno dataUS$2.38m0.068%
$ 4.2m
Colin Browne
Chief Operating Officer0.67yrUS$3.28m0.059%
$ 3.6m
Tchernavia Rocker
Chief Administrative Officer0.25yrUS$2.70m0.018%
$ 1.1m
Aditya Maheshwari
Principal Accounting Officer0.58yrno data0.0029%
$ 181.0k
Lance Allega
Senior Vice President of Investor Relations & Corporate Development3.75yrsno datano data
John Stanton
Executive VP7.58yrsno data0.058%
$ 3.6m
Blake Simpson
Senior Vice President of Global Communicationsno datano datano data
Alessandro De Pestel
Chief Marketing Officer2.08yrsno data0.019%
$ 1.2m
Kevin Haley
Chief Strategy Officerno datano datano data
Diane Pelkey
Senior Vice President of Global Communicationsno datano datano data

1.4yrs

Average Tenure

51yo

Average Age

Experienced Management: UAA's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Kevin Plank
Founder24.75yrsUS$5.95m15.06%
$ 936.5m
Patrik Frisk
CEO, President & Executive Director0.75yrUS$6.00m0.26%
$ 15.9m
Douglas Coltharp
Independent Director15.83yrsUS$250.00k0.044%
$ 2.7m
Harvey Sanders
Independent Director15.92yrsUS$242.50k0.081%
$ 5.1m
Karen Katz
Independent Director6yrsUS$245.00k0.00088%
$ 54.7k
Jerri DeVard
Independent Director3.42yrsUS$235.00k0.00026%
$ 16.2k
George Bodenheimer
Independent Director6.17yrsUS$235.00k0.0013%
$ 82.1k
Mohamed El-Erian
Lead Independent Director0.42yrUS$245.00k0.0034%
$ 209.6k
Eric Olson
Independent Director8.25yrsUS$238.20kno data
Westley Moore
Independent Directorno datano datano data

6.2yrs

Average Tenure

61.5yo

Average Age

Experienced Board: UAA's board of directors are considered experienced (6.2 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Under Armour, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Under Armour, Inc.
  • Ticker: UAA
  • Exchange: NYSE
  • Founded: 1996
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: US$6.218b
  • Shares outstanding: 454.49m
  • Website: https://www.underarmour.com

Number of Employees


Location

  • Under Armour, Inc.
  • 1020 Hull Street
  • Baltimore
  • Maryland
  • 21230
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
UAANYSE (New York Stock Exchange)YesClass A Common StockUSUSDNov 2005
U9RDB (Deutsche Boerse AG)YesClass A Common StockDEEURNov 2005
U9RXTRA (XETRA Trading Platform)YesClass A Common StockDEEURNov 2005
UAA *BMV (Bolsa Mexicana de Valores)YesClass A Common StockMXMXNNov 2005
UAASWX (SIX Swiss Exchange)YesClass A Common StockCHCHFNov 2005
0R2ILSE (London Stock Exchange)YesClass A Common StockGBUSDNov 2005
UAAWBAG (Wiener Boerse AG)YesClass A Common StockATEURNov 2005
U9RETLX (Eurotlx)YesClass A Common StockITEURNov 2005
UANYSE (New York Stock Exchange)Class C Common StockUSUSDApr 2016
U9RADB (Deutsche Boerse AG)Class C Common StockDEEURApr 2016
U9RAXTRA (XETRA Trading Platform)Class C Common StockDEEURApr 2016
UAAC *BMV (Bolsa Mexicana de Valores)Class C Common StockMXMXNApr 2016
0LIKLSE (London Stock Exchange)Class C Common StockGBUSDApr 2016
UACWBAG (Wiener Boerse AG)Class C Common StockATEURApr 2016
U1AI34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH 1 REPR 1 COMBRBRLJan 2020

Biography

Under Armour, Inc., together with its subsidiaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, t ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/24 00:27
End of Day Share Price2020/10/23 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.