| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 5/6 |
| Past Performance | 0/6 |
| Financial Health | 2/6 |
| Dividends | 4/6 |
WWW Stock Overview
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.
Wolverine World Wide Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$25.33 |
| 52 Week High | US$44.74 |
| 52 Week Low | US$24.90 |
| Beta | 1.82 |
| 1 Month Change | -12.08% |
| 3 Month Change | -23.15% |
| 1 Year Change | -17.20% |
| 3 Year Change | -25.94% |
| 5 Year Change | 6.34% |
| Change since IPO | 3,209.24% |
Recent News & Updates
Investors Met With Slowing Returns on Capital At Wolverine World Wide (NYSE:WWW)
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Wolverine World Wide (NYSE:WWW) Is Due To Pay A Dividend Of US$0.10
The board of Wolverine World Wide, Inc. ( NYSE:WWW ) has announced that it will pay a dividend on the 1st of February...
Wolverine World Wide: Valuation Improving After The Drop
Wolverine World Wide reported strong results in Q3, with revenue of $636.7 million, translating to 29% growth year-over-year and 11% growth vs. 2019 levels. It's worth noting that sales performance would have been better if not for headwinds, with Vietnam factory closures and global logistics delays being an estimated $60 million headwind. However, despite the challenging year for many apparel names/footwear names, Wolverine is expected to post a new all-time high in annual EPS in FY2022, helped by its Sweaty Betty acquisition. At a current share price of $31.00, the valuation has improved considerably, and WWW is a name worth keeping a close eye on if we see further weakness.
Shareholder Returns
| WWW | US Luxury | US Market | |
|---|---|---|---|
| 7D | -3.8% | -4.6% | -6.1% |
| 1Y | -17.2% | 0.2% | 4.2% |
Return vs Industry: WWW underperformed the US Luxury industry which returned 0.2% over the past year.
Return vs Market: WWW underperformed the US Market which returned 4.2% over the past year.
Price Volatility
| WWW volatility | |
|---|---|
| WWW Average Weekly Movement | 5.4% |
| Luxury Industry Average Movement | 6.2% |
| Market Average Movement | 6.7% |
| 10% most volatile stocks in US Market | 15.5% |
| 10% least volatile stocks in US Market | 2.4% |
Stable Share Price: WWW is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: WWW's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1883 | 3,400 | Brendan Hoffman | https://www.wolverineworldwide.com |
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. The company operates through two segments, Wolverine Michigan Group and Wolverine Boston Group. It offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; kids' footwear; industrial work boots and apparel; and uniform shoes and boots.
Wolverine World Wide Fundamentals Summary
| WWW fundamental statistics | |
|---|---|
| Market Cap | US$2.09b |
| Earnings (TTM) | -US$88.90m |
| Revenue (TTM) | US$2.29b |
0.9x
P/S Ratio-23.5x
P/E RatioIs WWW overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| WWW income statement (TTM) | |
|---|---|
| Revenue | US$2.29b |
| Cost of Revenue | US$1.32b |
| Gross Profit | US$972.10m |
| Expenses | US$1.06b |
| Earnings | -US$88.90m |
Last Reported Earnings
Oct 02, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | -1.08 |
| Gross Margin | 42.47% |
| Net Profit Margin | -3.88% |
| Debt/Equity Ratio | 159.6% |
How did WWW perform over the long term?
See historical performance and comparisonDividends
1.6%
Current Dividend Yield-37%
Payout RatioValuation
Is Wolverine World Wide undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: WWW ($25.33) is trading below our estimate of fair value ($85.31)
Significantly Below Fair Value: WWW is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: WWW is unprofitable, so we can't compare its PE Ratio to the US Luxury industry average.
PE vs Market: WWW 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 WWW's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: WWW is overvalued based on its PB Ratio (3.3x) compared to the US Luxury industry average (1.7x).
Future Growth
How is Wolverine World Wide forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
48.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: WWW is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).
Earnings vs Market: WWW is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: WWW's is expected to become profitable in the next 3 years.
Revenue vs Market: WWW's revenue (10.1% per year) is forecast to grow faster than the US market (9.1% per year).
High Growth Revenue: WWW's revenue (10.1% 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 high in 3 years time (26.5%)
Past Performance
How has Wolverine World Wide performed over the past 5 years?
-30.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: WWW is currently unprofitable.
Growing Profit Margin: WWW is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: WWW is unprofitable, and losses have increased over the past 5 years at a rate of 30.4% per year.
Accelerating Growth: Unable to compare WWW's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: WWW is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (57.1%).
Return on Equity
High ROE: WWW has a negative Return on Equity (-13.9%), as it is currently unprofitable.
Financial Health
How is Wolverine World Wide's financial position?
Financial Position Analysis
Short Term Liabilities: WWW's short term assets ($1.0B) exceed its short term liabilities ($852.1M).
Long Term Liabilities: WWW's short term assets ($1.0B) do not cover its long term liabilities ($1.2B).
Debt to Equity History and Analysis
Debt Level: WWW's net debt to equity ratio (131%) is considered high.
Reducing Debt: WWW's debt to equity ratio has increased from 97.8% to 159.6% over the past 5 years.
Debt Coverage: WWW's debt is not well covered by operating cash flow (18.6%).
Interest Coverage: WWW's interest payments on its debt are well covered by EBIT (4.3x coverage).
Balance Sheet
Dividend
What is Wolverine World Wide current dividend yield, its reliability and sustainability?
1.58%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: WWW's dividend (1.58%) is higher than the bottom 25% of dividend payers in the US market (1.37%).
High Dividend: WWW's dividend (1.58%) is low compared to the top 25% of dividend payers in the US market (3.6%).
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: WWW is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: WWW's dividends in 3 years are forecast to be thoroughly covered by earnings (12.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.5yrs
Average management tenure
CEO
Brendan Hoffman (52 yo)
1.33yrs
Tenure
US$5,504,049
Compensation
Mr. Brendan L. Hoffman has been President and Director of Wolverine World Wide, Inc. since September 8, 2020 and its Chief Executive Officer since January 2, 2022. Mr. Hoffman serves as a Member of the Boa...
CEO Compensation Analysis
Compensation vs Market: Brendan's total compensation ($USD5.50M) is above average for companies of similar size in the US market ($USD3.74M).
Compensation vs Earnings: Insufficient data to compare Brendan's compensation with company performance.
Leadership Team
Experienced Management: WWW's management team is considered experienced (2.5 years average tenure).
Board Members
Experienced Board: WWW's board of directors are seasoned and experienced ( 12.2 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 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
- Implied Market Cap: US$2.086b
- Shares outstanding: 82.37m
- Website: https://www.wolverineworldwide.com
Number of Employees
Location
- Wolverine World Wide, Inc.
- 9341 Courtland Drive N.E.
- Rockford
- Michigan
- 49351
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/23 23:29 |
| End of Day Share Price | 2022/01/21 00:00 |
| Earnings | 2021/10/02 |
| Annual Earnings | 2021/01/02 |
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.