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WWW

Wolverine World WideNYSE:WWW Stock Report

Market Cap

US$2.6b

7D

-4.8%

1Y

5.4%

Updated

28 Nov, 2021

Data

Company Financials +
WWW fundamental analysis
Snowflake Score
Valuation2/6
Future Growth5/6
Past Performance0/6
Financial Health2/6
Dividends3/6

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

Deckers Outdoor

NYSE:DECK

US$11.4b

Crocs

NasdaqGS:CROX

US$9.9b

Skechers U.S.A

NYSE:SKX

US$7.2b

Steven Madden

NasdaqGS:SHOO

US$3.9b

Price History & Performance

Summary of all time highs, changes and price drops for Wolverine World Wide
Historical stock prices
Current Share PriceUS$31.76
52 Week HighUS$44.74
52 Week LowUS$28.45
Beta1.85
1 Month Change-4.25%
3 Month Change-13.39%
1 Year Change5.38%
3 Year Change-8.21%
5 Year Change41.53%
Change since IPO4,049.29%

Recent News & Updates

Nov 07
Wolverine World Wide (NYSE:WWW) Will Pay A Dividend Of US$0.10

Wolverine World Wide (NYSE:WWW) Will Pay A Dividend Of US$0.10

Wolverine World Wide, Inc. ( NYSE:WWW ) will pay a dividend of US$0.10 on the 1st of February. Based on this payment...

Oct 22
Is Wolverine World Wide (NYSE:WWW) A Risky Investment?

Is Wolverine World Wide (NYSE:WWW) A Risky Investment?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Shareholder Returns

WWWUS LuxuryUS Market
7D-4.8%-4.1%-2.7%
1Y5.4%26.3%21.3%

Return vs Industry: WWW underperformed the US Luxury industry which returned 26.3% over the past year.

Return vs Market: WWW underperformed the US Market which returned 21.3% over the past year.

Price Volatility

Is WWW's price volatile compared to industry and market?
WWW volatility
WWW Average Weekly Movement5.7%
Luxury Industry Average Movement6.4%
Market Average Movement6.0%
10% most volatile stocks in US Market15.0%
10% least volatile stocks in US Market2.3%

Stable Share Price: WWW is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: WWW's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18833,400Blake Kruegerhttps://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$2.62b
Earnings (TTM)-US$88.90m
Revenue (TTM)US$2.29b

1.1x

P/S Ratio

-29.4x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
WWW income statement (TTM)
RevenueUS$2.29b
Cost of RevenueUS$1.32b
Gross ProfitUS$972.10m
ExpensesUS$1.06b
Earnings-US$88.90m

Last Reported Earnings

Oct 02, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-1.08
Gross Margin42.47%
Net Profit Margin-3.88%
Debt/Equity Ratio159.6%

How did WWW perform over the long term?

See historical performance and comparison

Dividends

1.3%

Current Dividend Yield

-37%

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 DateDec 31 2021
Dividend Pay DateFeb 01 2022
Days until Ex dividend32 days
Days until Dividend pay date64 days

Does WWW pay a reliable dividends?

See WWW dividend history and benchmarks

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 ($31.76) is trading below our estimate of fair value ($93.79)

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 (4.2x) compared to the US Luxury industry average (2.2x).


Future Growth

How is Wolverine World Wide forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

50.0%

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 (10.7% per year) is forecast to grow faster than the US market (10.1% per year).

High Growth Revenue: WWW's revenue (10.7% 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 (29.2%)


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 (69.4%).


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?

1.26%

Current Dividend Yield


Upcoming Dividend Payment

TodayNov 28 2021Ex Dividend DateDec 31 2021Dividend Pay DateFeb 01 202232 days from Ex DividendBuy in the next 32 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: WWW's dividend (1.26%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.32%).

High Dividend: WWW's dividend (1.26%) is low compared to the top 25% of dividend payers in the US market (3.58%).


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 (10.9% payout ratio).


Next Steps

Management

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

3.4yrs

Average management tenure


CEO

Blake Krueger (67 yo)

14.58yrs

Tenure

US$9,519,491

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 ($USD9.52M) is above average for companies of similar size in the US market ($USD5.20M).

Compensation vs Earnings: Blake's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: WWW's management team is considered experienced (3.4 years average tenure).


Board Members

Experienced Board: WWW's board of directors are seasoned and experienced ( 11.1 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
  • Market Cap: US$2.616b
  • 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/28 23:27
End of Day Share Price2021/11/26 00:00
Earnings2021/10/02
Annual Earnings2021/01/02


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.