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WWW

Wolverine World Wide NYSE:WWW Stock Report

Last Price

US$22.92

Market Cap

US$1.9b

7D

2.0%

1Y

-36.0%

Updated

06 Aug, 2022

Data

Company Financials +
WWW fundamental analysis
Snowflake Score
Valuation2/6
Future Growth4/6
Past Performance1/6
Financial Health2/6
Dividends4/6

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

Summary of all time highs, changes and price drops for Wolverine World Wide
Historical stock prices
Current Share PriceUS$22.92
52 Week HighUS$38.07
52 Week LowUS$16.65
Beta1.68
1 Month Change10.41%
3 Month Change22.63%
1 Year Change-36.00%
3 Year Change-10.96%
5 Year Change-13.96%
Change since IPO2,894.39%

Recent News & Updates

Aug 03

Wolverine World Wide declares $0.10 dividend

Wolverine World Wide (NYSE:WWW) declares $0.10/share quarterly dividend, in line with previous. Forward yield 1.75% Payable Nov. 1; for shareholders of record Oct. 3; ex-div Sept. 30. See WWW Dividend Scorecard, Yield Chart, & Dividend Growth.

Jul 11
Does Wolverine World Wide (NYSE:WWW) Have A Healthy Balance Sheet?

Does Wolverine World Wide (NYSE:WWW) Have A Healthy Balance Sheet?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Jun 20
Is Now The Time To Look At Buying Wolverine World Wide, Inc. (NYSE:WWW)?

Is Now The Time To Look At Buying Wolverine World Wide, Inc. (NYSE:WWW)?

While Wolverine World Wide, Inc. ( NYSE:WWW ) might not be the most widely known stock at the moment, it saw a decent...

Shareholder Returns

WWWUS LuxuryUS Market
7D2.0%0.5%1.0%
1Y-36.0%-32.7%-12.9%

Return vs Industry: WWW underperformed the US Luxury industry which returned -32.7% over the past year.

Return vs Market: WWW underperformed the US Market which returned -12.8% over the past year.

Price Volatility

Is WWW's price volatile compared to industry and market?
WWW volatility
WWW Average Weekly Movement7.4%
Luxury Industry Average Movement7.3%
Market Average Movement7.9%
10% most volatile stocks in US Market17.1%
10% least volatile stocks in US Market3.2%

Stable Share Price: WWW is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: WWW's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18834,400Brendan Hoffmanhttps://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

How do Wolverine World Wide's earnings and revenue compare to its market cap?
WWW fundamental statistics
Market CapUS$1.85b
Earnings (TTM)US$39.20m
Revenue (TTM)US$2.52b

47.2x

P/E Ratio

0.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
WWW income statement (TTM)
RevenueUS$2.52b
Cost of RevenueUS$1.45b
Gross ProfitUS$1.07b
Other ExpensesUS$1.03b
EarningsUS$39.20m

Last Reported Earnings

Apr 02, 2022

Next Earnings Date

Aug 10, 2022

Earnings per share (EPS)0.49
Gross Margin42.43%
Net Profit Margin1.56%
Debt/Equity Ratio177.9%

How did WWW perform over the long term?

See historical performance and comparison

Dividends

1.7%

Current Dividend Yield

84%

Payout Ratio

Does WWW pay a reliable dividends?

See WWW dividend history and benchmarks
When do you need to buy WWW by to receive an upcoming dividend?
Wolverine World Wide dividend dates
Ex Dividend DateSep 30 2022
Dividend Pay DateNov 01 2022
Days until Ex dividend53 days
Days until Dividend pay date85 days

Does WWW pay a reliable dividends?

See WWW dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

Is WWW undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for WWW?

Other financial metrics that can be useful for relative valuation.

WWW key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.2x
Enterprise Value/EBITDA20.4x
PEG Ratio1.2x

Price to Earnings Ratio vs Peers

How does WWW's PE Ratio compare to its peers?

WWW PE Ratio vs Peers
The above table shows the PE ratio for WWW vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average11.5x
SHOO Steven Madden
10.1x6.9%US$2.6b
SKX Skechers U.S.A
8.5x11.5%US$6.1b
CROX Crocs
8.4x13.9%US$4.5b
DECK Deckers Outdoor
18.9x15.1%US$8.5b
WWW Wolverine World Wide
47.2x39.2%US$1.9b

Price-To-Earnings vs Peers: WWW is expensive based on its Price-To-Earnings Ratio (47.2x) compared to the peer average (11.5x).


Price to Earnings Ratio vs Industry

How does WWW's PE Ratio compare vs other companies in the US Luxury Industry?

Price-To-Earnings vs Industry: WWW is expensive based on its Price-To-Earnings Ratio (47.2x) compared to the US Luxury industry average (10x)


Price to Earnings Ratio vs Fair Ratio

What is WWW's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

WWW PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio47.2x
Fair PE Ratio21x

Price-To-Earnings vs Fair Ratio: WWW is expensive based on its Price-To-Earnings Ratio (47.2x) compared to the estimated Fair Price-To-Earnings Ratio (21x).


Share Price vs Fair Value

What is the Fair Price of WWW when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: WWW ($22.92) is trading below our estimate of fair value ($169.7)

Significantly Below Fair Value: WWW is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is less than 20% higher than the current share price.


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Future Growth

How is Wolverine World Wide forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


39.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: WWW's forecast earnings growth (39.2% per year) is above the savings rate (1.9%).

Earnings vs Market: WWW's earnings (39.2% per year) are forecast to grow faster than the US market (12.8% per year).

High Growth Earnings: WWW's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: WWW's revenue (4.6% per year) is forecast to grow slower than the US market (7.9% per year).

High Growth Revenue: WWW's revenue (4.6% 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 (26.1%)


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Past Performance

How has Wolverine World Wide performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-27.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: WWW has a large one-off loss of $34.3M impacting its April 2 2022 financial results.

Growing Profit Margin: WWW became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: WWW's earnings have declined by 27.9% per year over the past 5 years.

Accelerating Growth: WWW has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: WWW has become profitable in the last year, making it difficult to compare its past year earnings growth to the Luxury industry (54.4%).


Return on Equity

High ROE: WWW's Return on Equity (6%) is considered low.


Discover strong past performing companies

Financial Health

How is Wolverine World Wide's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: WWW's short term assets ($1.1B) exceed its short term liabilities ($967.4M).

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 net debt to equity ratio (153.6%) is considered high.

Reducing Debt: WWW's debt to equity ratio has increased from 81.6% to 177.9% over the past 5 years.

Debt Coverage: WWW's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: WWW's interest payments on its debt are well covered by EBIT (3x coverage).


Balance Sheet


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Dividend

What is Wolverine World Wide current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


1.74%

Current Dividend Yield

Upcoming Dividend Payment

TodayAug 07 2022Ex Dividend DateSep 30 2022Dividend Pay DateNov 01 202232 days from Ex DividendBuy in the next 53 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: WWW's dividend (1.74%) is higher than the bottom 25% of dividend payers in the US market (1.52%).

High Dividend: WWW's dividend (1.74%) is low compared to the top 25% of dividend payers in the US market (4.09%).


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.


Earnings Payout to Shareholders

Earnings Coverage: At its current payout ratio (83.8%), WWW's payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: WWW is paying a dividend but the company has no free cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

1.6yrs

Average management tenure


CEO

Brendan Hoffman (53 yo)

1.92yrs

Tenure

US$7,194,539

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 ($USD7.19M) is above average for companies of similar size in the US market ($USD5.42M).

Compensation vs Earnings: Insufficient data to compare Brendan's compensation with company performance.


Leadership Team

Experienced Management: WWW's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.


Board Members

Experienced Board: WWW's board of directors are seasoned and experienced ( 12.8 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.


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$1.850b
  • Shares outstanding: 80.73m
  • 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/06 00:00
End of Day Share Price2022/08/05 00:00
Earnings2022/04/02
Annual Earnings2022/01/01


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.