Wolverine World Wide
Market Cap
US$2.1b
Last Updated
2020/09/26 05:46 UTC
Data Sources
Company Financials +
Executive Summary
Wolverine World Wide, Inc. designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories in the United States, Europe, the Middle East, Africa, the Asia Pacific, Canada and Latin America. More Details
Rewards
Risk Analysis
Snowflake Analysis
Reasonable growth potential average dividend payer.
Similar Companies
Share Price & News
How has Wolverine World Wide's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: WWW has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
0.3%
WWW
5.0%
US Luxury
-0.8%
US Market
1 Year Return
-8.2%
WWW
15.0%
US Luxury
13.8%
US Market
Return vs Industry: WWW underperformed the US Luxury industry which returned 15.2% over the past year.
Return vs Market: WWW underperformed the US Market which returned 12% over the past year.
Shareholder returns
| WWW | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.3% | 5.0% | -0.8% |
| 30 Day | 3.1% | 5.6% | -5.0% |
| 90 Day | 20.9% | 25.4% | 10.1% |
| 1 Year | -6.6%-8.2% | 16.3%15.0% | 16.4%13.8% |
| 3 Year | -6.6%-9.8% | 77.6%69.4% | 36.9%27.8% |
| 5 Year | 25.5%18.6% | 52.0%42.1% | 85.0%64.2% |
Price Volatility Vs. Market
How volatile is Wolverine World Wide's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 day ago | Simply Wall St
Wolverine World Wide, Inc. (NYSE:WWW) Stock Goes Ex-Dividend In Just Four Days3 days ago | Simply Wall St
Should You Use Wolverine World Wide's (NYSE:WWW) Statutory Earnings To Analyse It?2 weeks ago | Simply Wall St
Does Wolverine World Wide's (NYSE:WWW) Returns On Capital Reflect Well On The Business?Valuation
Is Wolverine World Wide undervalued compared to its fair value and its price relative to the market?
25.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: WWW ($26.01) is trading below our estimate of fair value ($35.1)
Significantly Below Fair Value: WWW is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: WWW is poor value based on its PE Ratio (36.6x) compared to the US Luxury industry average (33x).
PE vs Market: WWW is poor value based on its PE Ratio (36.6x) compared to the US market (17.5x).
Price to Earnings Growth Ratio
PEG Ratio: WWW is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: WWW is overvalued based on its PB Ratio (2.9x) compared to the US Luxury industry average (1.3x).
Next Steps
Future Growth
How is Wolverine World Wide forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
39.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: WWW's forecast earnings growth (39.5% per year) is above the savings rate (2.2%).
Earnings vs Market: WWW's earnings (39.5% per year) are forecast to grow faster than the US market (22.9% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: WWW's revenue (10.8% per year) is forecast to grow faster than the US market (9.9% per year).
High Growth Revenue: WWW's revenue (10.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: WWW's Return on Equity is forecast to be low in 3 years time (19.2%).
Next Steps
Past Performance
How has Wolverine World Wide performed over the past 5 years?
4.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: WWW has high quality earnings.
Growing Profit Margin: WWW's current net profit margins (2.9%) are lower than last year (7.7%).
Past Earnings Growth Analysis
Earnings Trend: WWW's earnings have grown by 4.4% per year over the past 5 years.
Accelerating Growth: WWW's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: WWW had negative earnings growth (-66.4%) over the past year, making it difficult to compare to the Luxury industry average (-54.2%).
Return on Equity
High ROE: WWW's Return on Equity (8%) is considered low.
Next Steps
Financial Health
How is Wolverine World Wide's financial position?
Financial Position Analysis
Short Term Liabilities: WWW's short term assets ($1.1B) exceed its short term liabilities ($676.4M).
Long Term Liabilities: WWW's short term assets ($1.1B) do not cover its long term liabilities ($1.2B).
Debt to Equity History and Analysis
Debt Level: WWW's debt to equity ratio (139.2%) is considered high.
Reducing Debt: WWW's debt to equity ratio has increased from 83.1% to 139.2% over the past 5 years.
Debt Coverage: WWW's debt is well covered by operating cash flow (25.2%).
Interest Coverage: WWW's interest payments on its debt are not well covered by EBIT (2.5x coverage).
Balance Sheet
Next Steps
Dividend
What is Wolverine World Wide current dividend yield, its reliability and sustainability?
1.54%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: WWW's dividend (1.54%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.75%).
High Dividend: WWW's dividend (1.54%) is low compared to the top 25% of dividend payers in the US market (4.99%).
Stability and Growth of Payments
Stable Dividend: WWW's dividends per share have been stable in the past 10 years.
Growing Dividend: WWW's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (56.3%), WWW's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: WWW's dividends in 3 years are forecast to be well covered by earnings (17.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.3yrs
Average management tenure
CEO
Blake Krueger (66 yo)
13.42yrs
Tenure
US$9,427,274
Compensation
Mr. Blake W. Krueger has been the Chief Executive Officer of Wolverine World Wide, Inc. since April 19, 2007 and has been its Chairman since January 01, 2010. Mr. Krueger served as President of Wolverine W ...
CEO Compensation Analysis
Compensation vs Market: Blake's total compensation ($USD9.43M) is above average for companies of similar size in the US market ($USD4.59M).
Compensation vs Earnings: Blake's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board & CEO | 13.42yrs | US$9.43m | 1.14% $ 24.4m | |
| Senior VP | 5.25yrs | US$3.17m | 0.23% $ 4.8m | |
| President of Global Operations Group | no data | US$2.24m | 0.056% $ 1.2m | |
| Executive Vice President | 3.58yrs | US$2.87m | 0.36% $ 7.7m | |
| President & Director | no data | no data | no data | |
| Vice President of Corporate Finance | no data | no data | no data | |
| Senior VP | 2.25yrs | no data | 0.017% $ 369.5k | |
| Senior Vice President of Global Human Resources | 4.33yrs | no data | 0.051% $ 1.1m | |
| Managing Director of Europe Middle East and Africa Operations | 9.67yrs | no data | no data | |
| Global Brand President of Merrell | 1yr | no data | 0.078% $ 1.7m | |
| Chief Merchant Officer | 0.92yr | no data | no data | |
| President of the Cat Footwear European Operations | 16.83yrs | no data | no data |
4.3yrs
Average Tenure
52.5yo
Average Age
Experienced Management: WWW's management team is considered experienced (4.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board & CEO | 13.42yrs | US$9.43m | 1.14% $ 24.4m | |
| President & Director | no data | no data | no data | |
| Independent Director | 14.75yrs | US$254.51k | 0% $ 0 | |
| Independent Director | 12.58yrs | US$254.51k | 0.018% $ 392.3k | |
| Independent Director | 14.17yrs | US$249.51k | 0.066% $ 1.4m | |
| Lead Independent Director | 13.67yrs | US$305.01k | 0% $ 0 | |
| Independent Director | 16.83yrs | US$237.01k | 0.022% $ 475.5k | |
| Independent Director | 6.75yrs | US$234.01k | 0.0099% $ 210.2k | |
| Independent Director | 9.17yrs | US$257.33k | 0.0066% $ 141.4k | |
| Independent Director | 1.33yrs | US$184.88k | 0.0046% $ 98.4k | |
| Independent Director | 5.92yrs | US$237.01k | 0.0099% $ 210.2k |
11.6yrs
Average Tenure
64yo
Average Age
Experienced Board: WWW's board of directors are seasoned and experienced ( 11.6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: WWW 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
Wolverine World Wide, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Wolverine World Wide, Inc.
- Ticker: WWW
- Exchange: NYSE
- Founded: 1883
- Industry: Footwear
- Sector: Consumer Durables
- Market Cap: US$2.130b
- Shares outstanding: 81.88m
- Website: https://www.wolverineworldwide.com
Number of Employees
Location
- Wolverine World Wide, Inc.
- 9341 Courtland Drive NE
- Rockford
- Michigan
- 49351
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| WWW | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Jan 1968 |
Biography
Wolverine World Wide, Inc. designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories in the United States, Europe, the Middle East, Africa, the Asia Pacific, Can ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/09/26 05:46 |
| End of Day Share Price | 2020/09/25 00:00 |
| Earnings | 2020/06/27 |
| Annual Earnings | 2019/12/28 |
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.