Wolverine World Wide
Market Cap
US$1.0b
Last Updated
2020/04/04 02:33 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.
Rewards
Risk Analysis
Snowflake Analysis
Undervalued established 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's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-17.1%
WWW
-7.0%
US Luxury
-2.0%
US Market
1 Year Return
-65.1%
WWW
-26.9%
US Luxury
-15.1%
US Market
Return vs Industry: WWW underperformed the US Luxury industry which returned -26.7% over the past year.
Return vs Market: WWW underperformed the US Market which returned -14.9% over the past year.
Shareholder returns
| WWW | Industry | Market | |
|---|---|---|---|
| 7 Day | -17.1% | -7.0% | -2.0% |
| 30 Day | -48.2% | -23.9% | -19.7% |
| 90 Day | -62.8% | -34.3% | -23.2% |
| 1 Year | -64.6%-65.1% | -25.5%-26.9% | -13.4%-15.1% |
| 3 Year | -45.7%-47.5% | 17.5%12.0% | 10.9%3.7% |
| 5 Year | -59.0%-61.2% | 1.0%-6.0% | 28.4%14.4% |
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
4 days ago | Simply Wall St
A Sliding Share Price Has Us Looking At Wolverine World Wide, Inc.'s (NYSE:WWW) P/E Ratio1 week ago | Simply Wall St
How Does Wolverine World Wide, Inc. (NYSE:WWW) Fare As A Dividend Stock?2 weeks ago | Simply Wall St
How Does Wolverine World Wide's (NYSE:WWW) P/E Compare To Its Industry, After The Share Price Drop?Valuation
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 ($13.47) is trading below our estimate of fair value ($34.54)
Significantly Below Fair Value: WWW is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: WWW is good value based on its PE Ratio (9.1x) compared to the Luxury industry average (9.9x).
PE vs Market: WWW is good value based on its PE Ratio (9.1x) compared to the US market (12.5x).
Price to Earnings Growth Ratio
PEG Ratio: WWW is good value based on its PEG Ratio (0.5x)
Price to Book Ratio
PB vs Industry: WWW is overvalued based on its PB Ratio (1.4x) compared to the US Luxury industry average (0.6x).
Next Steps
Future Growth
How is Wolverine World Wide forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
19.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: WWW's forecast earnings growth (19.5% per year) is above the savings rate (1.7%).
Earnings vs Market: WWW's earnings (19.5% per year) are forecast to grow faster than the US market (12.2% per year).
High Growth Earnings: WWW's earnings are forecast to grow, but not significantly.
Revenue vs Market: WWW's revenue (2.1% per year) is forecast to grow slower than the US market (7.1% per year).
High Growth Revenue: WWW's revenue (2.1% 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 low in 3 years time (18.4%).
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 (5.5%) are lower than last year (8.6%).
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 (-34.3%) over the past year, making it difficult to compare to the Luxury industry average (3.2%).
Return on Equity
High ROE: WWW's Return on Equity (16.6%) 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 ($967.1M) exceed its short term liabilities ($787.4M).
Long Term Liabilities: WWW's short term assets ($967.1M) exceed its long term liabilities ($914.2M).
Debt to Equity History and Analysis
Debt Level: WWW's debt to equity ratio (102.6%) is considered high.
Reducing Debt: WWW's debt to equity ratio has increased from 96.8% to 102.6% over the past 5 years.
Debt Coverage: WWW's debt is well covered by operating cash flow (27.9%).
Interest Coverage: WWW's interest payments on its debt are well covered by EBIT (5.7x coverage).
Balance Sheet
Inventory Level: WWW has a high level of physical assets or inventory.
Debt Coverage by Assets: WWW's debt is covered by short term assets (assets are 1.2x debt).
Next Steps
Dividend
What is Wolverine World Wide's current dividend yield, its reliability and sustainability?
3.14%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: WWW's dividend (2.97%) is higher than the bottom 25% of dividend payers in the US market (2.04%).
High Dividend: WWW's dividend (2.97%) is low compared to the top 25% of dividend payers in the US market (5.7%).
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 reasonably low payout ratio (27%), WWW's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: WWW's dividends in 3 years are forecast to be well covered by earnings (17.7% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.5yrs
Average management tenure
CEO
Blake Krueger (65yo)
13s
Tenure
US$9,427,274
Compensation
Mr. Blake W. Krueger has been the Chief Executive Officer and President of Wolverine World Wide, Inc. at Stride Rite Children's Group, LLC since January 01, 2010 and has been its Chief Executive Officer an ...
CEO Compensation Analysis
Compensation vs Market: Blake's total compensation ($USD9.43M) is above average for companies of similar size in the US market ($USD3.25M).
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 | 13yrs | US$9.43m | 0.062% $636.0k | |
| Senior VP | 4.83yrs | US$3.17m | no data | |
| President of Global Operations Group | no data | US$2.24m | no data | |
| Executive Vice President | 3.17yrs | US$2.87m | 0.22% $2.2m | |
| President of Wolverine Michigan Group | 3.17yrs | US$1.62m | no data | |
| Vice President of Corporate Finance | no data | no data | no data | |
| Senior VP | 1.83yrs | no data | 0.017% $176.4k | |
| Senior Vice President of Global Human Resources | 3.92yrs | no data | 0.051% $525.1k | |
| Managing Director of Europe Middle East and Africa Operations | 9.25yrs | no data | no data | |
| Global Brand President of Merrell | 0.58yr | no data | no data |
3.5yrs
Average Tenure
51.5yo
Average Age
Experienced Management: WWW's management team is considered experienced (3.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board | 13yrs | US$9.43m | 0.062% $636.0k | |
| Independent Director | 14.33yrs | US$254.51k | no data | |
| Independent Director | 12.17yrs | US$254.51k | no data | |
| Independent Director | 13.75yrs | US$249.51k | 0.067% $688.8k | |
| Lead Director | 13.25yrs | US$305.01k | no data | |
| Independent Director | 16.42yrs | US$237.01k | no data | |
| Independent Director | 6.33yrs | US$234.01k | no data | |
| Independent Director | 8.75yrs | US$257.33k | no data | |
| Independent Director | 0.92yr | US$184.88k | no data | |
| Independent Director | 5.5yrs | US$237.01k | no data |
11.2yrs
Average Tenure
63.5yo
Average Age
Experienced Board: WWW's board of directors are seasoned and experienced ( 11.2 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 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$1.031b
- Shares outstanding: 81.07m
- 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 |
| WW4 | BRSE (Berne Stock Exchange) | Yes | Common Stock | CH | CHF | 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, 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. The company sources, markets, and licenses a range of footwear styles, such as shoes, boots, and sandals under the Bates, Cat, Chaco, Harley-Davidson, Hush Puppies, Hytest, Keds, Merrell, Saucony, Sperry, Wolverine, and Stride Rite brand names. It also markets Merrell and Wolverine branded apparel and accessories, as well as licenses its brands for use on non-footwear products, including the Hush Puppies apparel, eyewear, watches, socks, handbags, and plush toys; Wolverine branded eyewear and gloves; and Keds, Saucony, and Sperry branded apparel. In addition, the company markets pigskin leather under the Wolverine Warrior Leather, Weather Tight, and All Season Weather Leathers trademarks for use in the footwear industry. Further, it operates brick and mortar retail stores, and e-commerce sites. The company sells its products to department stores, national chains, catalog and specialty retailers, independent retailers, uniform outlets, and mass merchant and government customers through retail stores, as well as through third-party licensees and distributors. As of December 28, 2019, it operated 96 retail stores, as well as 41 consumer direct e-commerce sites. Wolverine World Wide, Inc. was founded in 1883 and is based in Rockford, Michigan.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/04 02:33 |
| End of Day Share Price | 2020/04/03 00:00 |
| Earnings | 2019/12/28 |
| 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.