NYSE:WWW

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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.


Snowflake Analysis

Established dividend payer with adequate balance sheet.


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

7.0%

WWW

-0.5%

US Luxury

1.6%

US Market


1 Year Return

-17.2%

WWW

-2.4%

US Luxury

4.8%

US Market

Return vs Industry: WWW underperformed the US Luxury industry which returned -2.4% over the past year.

Return vs Market: WWW underperformed the US Market which returned 4.8% over the past year.


Shareholder returns

WWWIndustryMarket
7 Day7.0%-0.5%1.6%
30 Day-7.7%-2.0%2.3%
90 Day81.0%32.5%29.5%
1 Year-15.7%-17.2%-1.2%-2.4%7.1%4.8%
3 Year-13.0%-16.1%47.0%40.2%37.1%28.1%
5 Year-16.2%-21.0%31.3%22.6%67.2%48.6%

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

Valuation

Is Wolverine World Wide undervalued compared to its fair value and its price relative to the market?

16.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: WWW ($23.02) is trading below our estimate of fair value ($27.69)

Significantly Below Fair Value: WWW is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: WWW is poor value based on its PE Ratio (19.3x) compared to the Luxury industry average (17.7x).

PE vs Market: WWW is poor value based on its PE Ratio (19.3x) compared to the US market (16.5x).


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 (2.6x) compared to the US Luxury industry average (1.1x).


Next Steps

Future Growth

How is Wolverine World Wide forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

22.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: WWW's forecast earnings growth (22% per year) is above the savings rate (2.2%).

Earnings vs Market: WWW's earnings (22% per year) are forecast to grow slower than the US market (22.8% per year).

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

Revenue vs Market: WWW's revenue (7.9% per year) is forecast to grow slower than the US market (9.3% per year).

High Growth Revenue: WWW's revenue (7.9% 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 (19.5%).


Next Steps

Past Performance

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

5.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: WWW has high quality earnings.

Growing Profit Margin: WWW's current net profit margins (4.5%) are lower than last year (8.4%).


Past Earnings Growth Analysis

Earnings Trend: WWW's earnings have grown by 5.2% 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 (-46.9%) over the past year, making it difficult to compare to the Luxury industry average (-12.3%).


Return on Equity

High ROE: WWW's Return on Equity (13.7%) 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 ($1.3B) exceed its short term liabilities ($1.1B).

Long Term Liabilities: WWW's short term assets ($1.3B) exceed its long term liabilities ($898.1M).


Debt to Equity History and Analysis

Debt Level: WWW's debt to equity ratio (166.6%) is considered high.

Reducing Debt: WWW's debt to equity ratio has increased from 88.1% to 166.6% over the past 5 years.

Debt Coverage: WWW's debt is well covered by operating cash flow (22.7%).

Interest Coverage: WWW's interest payments on its debt are well covered by EBIT (4.4x coverage).


Balance Sheet


Next Steps

Dividend

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

1.74%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: WWW's dividend (1.74%) is higher than the bottom 25% of dividend payers in the US market (1.67%).

High Dividend: WWW's dividend (1.74%) is low compared to the top 25% of dividend payers in the US market (4.51%).


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 (33.5%), 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 (17.4% payout ratio).


Next Steps

Management

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

3.8yrs

Average management tenure


CEO

Blake Krueger (66yo)

13.25yrs

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 ($USD9.43M) is above average for companies of similar size in the US market ($USD4.72M).

Compensation vs Earnings: Blake's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Blake Krueger
Chairman of the Board13.25yrsUS$9.43m1.15% $21.6m
Michael Stornant
Senior VP5.08yrsUS$3.17m0.23% $4.2m
Michael Jeppesen
President of Global Operations Groupno dataUS$2.24m0.058% $1.1m
James Zwiers
Executive Vice President3.42yrsUS$2.87m0.36% $6.8m
Michael Harris
Vice President of Corporate Financeno datano datano data
Kyle Hanson
Senior VP2.08yrsno data0.021% $390.4k
Amy Klimek
Senior Vice President of Global Human Resources4.17yrsno data0.053% $984.6k
Onder Ors
Managing Director of Europe Middle East and Africa Operations9.5yrsno datano data
Christopher Hufnagel
Global Brand President of Merrell0.83yrno data0.079% $1.5m
Angelo Ng
Chief Merchant Officer0.75yrno datano data

3.8yrs

Average Tenure

53yo

Average Age

Experienced Management: WWW's management team is considered experienced (3.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Blake Krueger
Chairman of the Board13.25yrsUS$9.43m1.15% $21.6m
Michael Volkema
Independent Director14.58yrsUS$254.51kno data
William Gerber
Independent Director12.42yrsUS$254.51k0.019% $347.2k
Jeffrey Boromisa
Independent Director14yrsUS$249.51k0.067% $1.2m
David Kollat
Lead Independent Director13.5yrsUS$305.01kno data
Brenda Lauderback
Independent Director16.67yrsUS$237.01k0.023% $420.9k
Gina Boswell
Independent Director6.58yrsUS$234.01k0.010% $186.1k
Nicholas Long
Independent Director9yrsUS$257.33k0.0067% $125.2k
David McCreight
Independent Director1.17yrsUS$184.88k0.0047% $87.1k
Roxane Divol
Independent Director5.75yrsUS$237.01k0.010% $186.1k

11.5yrs

Average Tenure

64.5yo

Average Age

Experienced Board: WWW's board of directors are seasoned and experienced ( 11.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: WWW insiders have sold more shares than they have bought 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$1.869b
  • Shares outstanding: 81.19m
  • Website: https://www.wolverineworldwide.com

Number of Employees


Location

  • Wolverine World Wide, Inc.
  • 9341 Courtland Drive NE
  • Rockford
  • Michigan
  • 49351
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
WWWNYSE (New York Stock Exchange)YesCommon StockUSUSDJan 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/04 00:07
End of Day Share Price2020/07/02 00:00
Earnings2020/03/28
Annual Earnings2019/12/28


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.