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Wolverine World Wide

NYSE:WWW
Snowflake Description

Solid track record with adequate balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
WWW
NYSE
$2B
Market Cap
  1. Home
  2. US
  3. Consumer Durables
Company description

Wolverine World Wide, Inc. designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories. The last earnings update was 37 days ago. More info.


Add to Portfolio Compare Print
  • Wolverine World Wide has significant price volatility in the past 3 months.
WWW Share Price and Events
7 Day Returns
-2.2%
NYSE:WWW
1.1%
US Luxury
0.5%
US Market
1 Year Returns
-23.6%
NYSE:WWW
-0.2%
US Luxury
0.8%
US Market
WWW Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Wolverine World Wide (WWW) -2.2% -6.2% -21.5% -23.6% 37.6% 4.4%
US Luxury 1.1% -1.4% -1.7% -0.2% 30.4% 44.1%
US Market 0.5% 0.2% 1.1% 0.8% 37.4% 37.5%
1 Year Return vs Industry and Market
  • WWW underperformed the Luxury industry which returned -0.2% over the past year.
  • WWW underperformed the Market in United States of America which returned 0.8% over the past year.
Price Volatility
WWW
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Wolverine World Wide undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Wolverine World Wide to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Wolverine World Wide.

NYSE:WWW Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 12 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.8%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:WWW
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.79
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.785 (1 + (1- 21%) (38.29%))
1.015
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.02
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.015 * 5.96%)
8.78%

Discounted Cash Flow Calculation for NYSE:WWW using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Wolverine World Wide is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:WWW DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.78%)
2019 182.27 Analyst x3 167.55
2020 226.75 Analyst x5 191.62
2021 207.18 Analyst x1 160.94
2022 195.78 Est @ -5.5% 139.81
2023 189.85 Est @ -3.03% 124.63
2024 187.38 Est @ -1.3% 113.08
2025 187.20 Est @ -0.09% 103.85
2026 188.61 Est @ 0.75% 96.19
2027 191.15 Est @ 1.35% 89.61
2028 194.52 Est @ 1.76% 83.83
Present value of next 10 years cash flows $1,271.12
NYSE:WWW DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $194.52 × (1 + 2.73%) ÷ (8.78% – 2.73%)
$3,301.95
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $3,301.95 ÷ (1 + 8.78%)10
$1,422.99
NYSE:WWW Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,271.12 + $1,422.99
$2,694.11
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,694.11 / 88.75
$30.35
NYSE:WWW Discount to Share Price
Calculation Result
Value per share (USD) From above. $30.35
Current discount Discount to share price of $27.87
= -1 x ($27.87 - $30.35) / $30.35
8.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Wolverine World Wide is available for.
Intrinsic value
8%
Share price is $27.87 vs Future cash flow value of $30.35
Current Discount Checks
For Wolverine World Wide to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Wolverine World Wide's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Wolverine World Wide's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Wolverine World Wide's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Wolverine World Wide's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:WWW PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-30) in USD $2.03
NYSE:WWW Share Price ** NYSE (2019-06-14) in USD $27.87
United States of America Luxury Industry PE Ratio Median Figure of 36 Publicly-Listed Luxury Companies 16.98x
United States of America Market PE Ratio Median Figure of 3,091 Publicly-Listed Companies 17.68x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Wolverine World Wide.

NYSE:WWW PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:WWW Share Price ÷ EPS (both in USD)

= 27.87 ÷ 2.03

13.76x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Wolverine World Wide is good value based on earnings compared to the US Luxury industry average.
  • Wolverine World Wide is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Wolverine World Wide's expected growth come at a high price?
Raw Data
NYSE:WWW PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.76x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts
12.8%per year
United States of America Luxury Industry PEG Ratio Median Figure of 26 Publicly-Listed Luxury Companies 1.77x
United States of America Market PEG Ratio Median Figure of 2,125 Publicly-Listed Companies 1.52x

*Line of best fit is calculated by linear regression .

NYSE:WWW PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.76x ÷ 12.8%

1.08x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Wolverine World Wide is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Wolverine World Wide's assets?
Raw Data
NYSE:WWW PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-30) in USD $10.27
NYSE:WWW Share Price * NYSE (2019-06-14) in USD $27.87
United States of America Luxury Industry PB Ratio Median Figure of 47 Publicly-Listed Luxury Companies 1.45x
United States of America Market PB Ratio Median Figure of 5,244 Publicly-Listed Companies 1.79x
NYSE:WWW PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:WWW Share Price ÷ Book Value per Share (both in USD)

= 27.87 ÷ 10.27

2.71x

* Primary Listing of Wolverine World Wide.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Wolverine World Wide is overvalued based on assets compared to the US Luxury industry average.
X
Value checks
We assess Wolverine World Wide's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
  5. Wolverine World Wide has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Wolverine World Wide expected to perform in the next 1 to 3 years based on estimates from 12 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
12.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Wolverine World Wide expected to grow at an attractive rate?
  • Wolverine World Wide's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Wolverine World Wide's earnings growth is positive but not above the United States of America market average.
  • Wolverine World Wide's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:WWW Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:WWW Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts 12.8%
NYSE:WWW Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts 3.2%
United States of America Luxury Industry Earnings Growth Rate Market Cap Weighted Average 13.3%
United States of America Luxury Industry Revenue Growth Rate Market Cap Weighted Average 6.2%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:WWW Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:WWW Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 2,407 244 2
2020-12-31 2,398 261 228 12
2019-12-31 2,301 226 198 12
NYSE:WWW Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-30 2,229 26 187
2018-12-29 2,239 98 193
2018-09-29 2,238 119 99
2018-06-30 2,261 160 64
2018-03-31 2,293 172 30
2017-12-30 2,350 203 0
2017-09-30 2,501 203 57
2017-07-01 2,523 331 82
2017-04-01 2,508 344 85
2016-12-31 2,495 296 86
2016-09-10 2,516 249 99
2016-06-18 2,591 193 96

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Wolverine World Wide's earnings are expected to grow by 12.8% yearly, however this is not considered high growth (20% yearly).
  • Wolverine World Wide's revenue is expected to grow by 3.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:WWW Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below

All data from Wolverine World Wide Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:WWW Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31 2.50 2.57 2.43 2.00
2019-12-31 2.12 2.13 2.10 2.00
NYSE:WWW Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-30 2.03
2018-12-29 2.07
2018-09-29 1.06
2018-06-30 0.68
2018-03-31 0.32
2017-12-30 0.00
2017-09-30 0.61
2017-07-01 0.86
2017-04-01 0.89
2016-12-31 0.90
2016-09-10 1.03
2016-06-18 1.00

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Wolverine World Wide is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Wolverine World Wide's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Wolverine World Wide has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Wolverine World Wide's growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Wolverine World Wide's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Wolverine World Wide's 1-year earnings growth exceeds its 5-year average (532.7% vs -4%)
  • Wolverine World Wide's earnings growth has exceeded the US Luxury industry average in the past year (532.7% vs 53.9%).
Earnings and Revenue History
Wolverine World Wide's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Wolverine World Wide Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:WWW Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-30 2,228.50 186.50 660.00
2018-12-29 2,239.20 192.60 659.60
2018-09-29 2,238.20 98.50 672.10
2018-06-30 2,260.90 63.60 687.30
2018-03-31 2,292.80 29.80 697.10
2017-12-30 2,350.00 0.30 713.70
2017-09-30 2,501.00 57.20 753.10
2017-07-01 2,523.40 81.70 744.20
2017-04-01 2,508.30 84.90 754.10
2016-12-31 2,494.60 85.60 758.00
2016-09-10 2,516.20 98.50 765.60
2016-06-18 2,591.40 96.30 789.20
2016-03-26 2,637.80 97.70 801.30
2016-01-02 2,691.60 120.00 816.00
2015-09-12 2,749.30 119.30 832.00
2015-06-20 2,781.50 131.00 827.80
2015-03-28 2,764.90 133.10 823.50
2015-01-03 2,761.10 130.20 815.20
2014-09-06 2,693.00 118.10 813.80
2014-06-14 2,698.50 114.70 819.30
2014-03-22 2,672.80 105.20 824.50
2013-12-28 2,691.10 98.10 830.00
2013-09-07 2,602.50 96.20 791.50
2013-06-15 2,239.00 75.00 688.40
2013-03-23 1,963.90 77.70 582.80
2012-12-29 1,640.80 79.00 482.00
2012-09-08 1,395.07 104.95 394.01
2012-06-16 1,403.56 112.61 395.05

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Wolverine World Wide has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Wolverine World Wide used its assets more efficiently than the US Luxury industry average last year based on Return on Assets.
  • Wolverine World Wide has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Wolverine World Wide's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Wolverine World Wide has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Wolverine World Wide's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Wolverine World Wide's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Wolverine World Wide is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Wolverine World Wide's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Wolverine World Wide's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Wolverine World Wide Company Filings, last reported 2 months ago.

NYSE:WWW Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-30 917.30 947.20 80.60
2018-12-29 991.60 570.50 143.10
2018-09-29 1,062.30 662.50 228.10
2018-06-30 1,015.30 661.90 354.90
2018-03-31 957.30 672.30 257.10
2017-12-30 955.20 782.60 481.00
2017-09-30 1,010.10 796.70 342.70
2017-07-01 1,008.50 805.30 412.80
2017-04-01 995.50 813.10 304.10
2016-12-31 974.10 820.70 369.80
2016-09-10 1,040.70 1,052.40 530.90
2016-06-18 1,002.00 808.00 221.70
2016-03-26 981.10 870.30 158.20
2016-01-02 969.70 809.80 194.10
2015-09-12 1,026.60 825.60 196.40
2015-06-20 998.80 833.10 220.70
2015-03-28 971.40 857.30 121.30
2015-01-03 938.00 900.80 223.80
2014-09-06 966.20 1,096.60 231.50
2014-06-14 907.90 1,131.30 232.40
2014-03-22 871.60 1,174.30 166.80
2013-12-28 841.40 1,150.00 214.20
2013-09-07 768.00 1,142.10 147.80
2013-06-15 704.60 1,184.70 171.00
2013-03-23 673.50 1,258.30 82.00
2012-12-29 643.70 1,251.50 171.40
2012-09-08 667.70 27.00 144.35
2012-06-16 628.61 28.00 156.63
  • Wolverine World Wide's level of debt (84.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (133.6% vs 84.1% today).
  • Debt is not well covered by operating cash flow (3.4%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 9.8x coverage).
X
Financial health checks
We assess Wolverine World Wide's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Wolverine World Wide has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.44%
Current annual income from Wolverine World Wide dividends. Estimated to be 1.48% next year.
If you bought $2,000 of Wolverine World Wide shares you are expected to receive $29 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Wolverine World Wide's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.47%).
  • Wolverine World Wide's dividend is below the markets top 25% of dividend payers in United States of America (3.71%).
Upcoming dividend payment

Purchase Wolverine World Wide before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:WWW Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
United States of America Luxury Industry Average Dividend Yield Market Cap Weighted Average of 18 Stocks 1.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2011 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:WWW Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.40 1.00
2020-12-31 0.42 5.00
2019-12-31 0.40 5.00
NYSE:WWW Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-02 0.400 1.336
2019-02-12 0.400 1.108
2018-11-01 0.320 0.956
2018-08-01 0.320 0.863
2018-05-03 0.320 0.937
2018-02-08 0.320 1.080
2017-11-02 0.240 0.793
2017-08-02 0.240 0.874
2017-05-03 0.240 0.910
2017-02-08 0.240 0.977
2016-12-07 0.240 1.053
2016-07-14 0.240 1.042
2016-02-11 0.240 1.282
2015-12-09 0.240 1.445
2015-07-08 0.240 1.055
2015-04-21 0.240 0.803
2015-02-12 0.240 0.771
2014-12-10 0.240 0.833
2014-07-10 0.240 0.913
2014-04-22 0.240 0.909
2014-02-12 0.240 0.883
2013-12-11 0.240 0.791
2013-07-11 0.240 0.817
2013-04-18 0.240 0.934
2013-02-07 0.240 1.091
2012-12-13 0.240 1.163
2012-07-12 0.240 1.098
2012-04-19 0.240 1.197
2012-02-09 0.240 1.258
2011-12-19 0.240 1.302
2011-07-14 0.240 1.332
2011-05-03 0.240 1.224
2011-02-11 0.240 1.296
2010-12-09 0.220 1.359
2010-07-14 0.220 1.540
2010-04-22 0.220 1.553
2010-02-12 0.220 1.519
2009-12-10 0.220 1.650
2009-07-16 0.220 1.742

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Wolverine World Wide's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (6x coverage).
X
Income/ dividend checks
We assess Wolverine World Wide's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Wolverine World Wide afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Wolverine World Wide has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Wolverine World Wide's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Blake Krueger
COMPENSATION $8,869,982
AGE 64
TENURE AS CEO 12.2 years
CEO Bio

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 and President since April 19, 2007. Mr. Krueger serves as Chairman of the Board of Wolverine Worldwide at Stride Rite Children's Group, LLC. At Wolverine World Wide, Mr. Krueger is one of five Senior Executives responsible for establishing corporate strategies and providing top-level management of operations and has direct reporting responsibilities for Caterpillar Footwear and Wolverine Retail divisions. He serves as the President and Chief Executive Officer at Open Water Ventures, LLC. He served as the President for Heritage Brands Group of Wolverine World Wide, Inc., from August 2004 to April 19, 2007, Secretary since August 2004, Chief Operating Officer and President from October 24, 2005 to April 19, 2007 and Unit President since November 2003. He served as the President of Wolverine World Wide Inc.'s CAT Footwear Group from November 2003 to August 2004. Previously, Mr. Krueger served as an Executive Vice President since April 1996, General Counsel since 1993 and Secretary since 1993 of Wolverine World Wide, Inc., until November 2003 (international marketer of footwear and accessories) and served as the Head of CAT Footwear Business since November 17, 2003. Mr. Krueger served as General Counsel and Secretary of Wolverine World from 1993 to April 1996. He was a Partner of Warner Norcross & Judd LLP in the field of Corporate and Business Law, Mergers, Acquisitions and Securities from 1985 to 1996. Mr. Krueger has been the Chairman of the Board at Wolverine World Wide, Inc. since January 01, 2010. Mr. Krueger has been an Executive Director of Wolverine World Wide, Inc., since July 2006. Mr. Krueger serves as a Director of Business Leaders for Michigan. He served as a Director of Professionals Direct Inc., from 2003 to September 14, 2007. Mr. Krueger serves as a director of Bissell Homecare, Inc. Mr. Krueger served as a Director of the Grand Rapids Bar Association Foundation and was listed in the Best Lawyers of America while in private practice. He was a Member of the Wayne State Law Review at Wayne State University Law School since 1978. Mr. Krueger graduated from Michigan State University, Honors College in 1975 with a B.A. in Business Administration with High Honors (Magna Cum Laude) and Graduated Magna Cum Laude from Wayne State University Law School in 1978.

CEO Compensation
  • Blake's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Blake's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Wolverine World Wide management team in years:

3.7
Average Tenure
53
Average Age
  • The tenure for the Wolverine World Wide management team is about average.
Management Team

Blake Krueger

TITLE
Chairman of the Board
COMPENSATION
$9M
AGE
64
TENURE
12.2 yrs

Mike Stornant

TITLE
Senior VP
COMPENSATION
$3M
AGE
51
TENURE
4 yrs

Jim Zwiers

TITLE
Executive Vice President
COMPENSATION
$2M
AGE
50
TENURE
2.3 yrs

Mike Jeppesen

TITLE
President of Global Operations Group
COMPENSATION
$2M
AGE
58

Richie Woodworth

TITLE
President of Wolverine Boston Group
COMPENSATION
$2M
AGE
60
TENURE
3.3 yrs

Mike Harris

TITLE
Vice President of Corporate Finance

Kyle Hanson

TITLE
Senior VP
AGE
53
TENURE
1 yrs

Amy Klimek

TITLE
Senior Vice President of Global Human Resources
AGE
44
TENURE
3.1 yrs

Onder Ors

TITLE
Managing Director of Europe Middle East and Africa Operations
TENURE
8.4 yrs

Stephen Palmer

TITLE
President of the Cat Footwear European Operations
TENURE
15.6 yrs
Board of Directors Tenure

Average tenure and age of the Wolverine World Wide board of directors in years:

10.4
Average Tenure
62.5
Average Age
  • The average tenure for the Wolverine World Wide board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Blake Krueger

TITLE
Chairman of the Board
COMPENSATION
$9M
AGE
64
TENURE
9.4 yrs

Michael Volkema

TITLE
Independent Director
COMPENSATION
$242K
AGE
62
TENURE
13.5 yrs

William Gerber

TITLE
Independent Director
COMPENSATION
$247K
AGE
65
TENURE
11.3 yrs

Tom Long

TITLE
Independent Director
COMPENSATION
$232K
AGE
59
TENURE
7.9 yrs

David Kollat

TITLE
Lead Director
COMPENSATION
$295K
AGE
79
TENURE
12.4 yrs

Brenda Lauderback

TITLE
Independent Director
COMPENSATION
$227K
AGE
67
TENURE
15.6 yrs

Jeff Boromisa

TITLE
Independent Director
COMPENSATION
$227K
AGE
63
TENURE
12.9 yrs

Gina Boswell

TITLE
Independent Director
COMPENSATION
$224K
AGE
55
TENURE
5.5 yrs

Roxane Divol

TITLE
Independent Director
COMPENSATION
$227K
AGE
46
TENURE
4.7 yrs

David McCreight

TITLE
Director
AGE
55
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
04. Jun 19 Buy Jelco Investment Co Llc Company 31. May 19 31. May 19 10,000 $27.92 $279,200
26. Feb 19 Sell Michael Jeppesen Individual 22. Feb 19 22. Feb 19 -38,441 $35.72 $-1,373,113
26. Feb 19 Sell Amy Klimek Individual 22. Feb 19 22. Feb 19 -7,500 $35.60 $-267,000
14. Nov 18 Sell Amy Klimek Individual 09. Nov 18 09. Nov 18 -1,520 $33.19 $-50,449
05. Sep 18 Sell Richard Woodworth Individual 31. Aug 18 31. Aug 18 -19,376 $38.73 $-750,432
14. Aug 18 Sell William Gerber Individual 10. Aug 18 10. Aug 18 -1,000 $37.17 $-37,170
X
Management checks
We assess Wolverine World Wide's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Wolverine World Wide has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Evaluating Wolverine World Wide, Inc.’s (NYSE:WWW) Investments In Its Business

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Wolverine World Wide: 0.13 = US$237m ÷ (US$2.4b - US$592m) (Based on the trailing twelve months to March 2019.) Therefore, Wolverine World Wide has an ROCE of 13%. … Check out our latest analysis for Wolverine World Wide Is Wolverine World Wide's ROCE Good? … Do Wolverine World Wide's Current Liabilities Skew Its ROCE?

Simply Wall St -

Before You Buy Wolverine World Wide, Inc. (NYSE:WWW), Consider Its Volatility

Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … If the future looks like the past, we could therefore consider it likely that the stock price will experience share price volatility that is roughly similar to the overall market. … What this means for you: Wolverine World Wide has a beta value quite close to that of the overall market.

Simply Wall St -

Is Wolverine World Wide, Inc.'s (NYSE:WWW) CEO Being Overpaid?

View our latest analysis for Wolverine World Wide How Does Blake Krueger's Compensation Compare With Similar Sized Companies? … I think that the total shareholder return of 78%, over three years, would leave most Wolverine World Wide, Inc. … We compared total CEO remuneration at Wolverine World Wide, Inc.

Simply Wall St -

At US$37.04, Is Wolverine World Wide, Inc. (NYSE:WWW) Worth Looking At Closely?

received a lot of attention from a substantial price movement on the NYSE over the last few months, increasing to $39.58 at one point, and dropping to the lows of $33.81. … A question to answer is whether Wolverine World Wide's current trading price of $37.04 reflective of the actual value of the? … Let’s take a look at Wolverine World Wide’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

Can Wolverine World Wide, Inc.'s (NYSE:WWW) ROE Continue To Surpass The Industry Average?

By way of learning-by-doing, we'll look at ROE to gain a better understanding of Wolverine World Wide, Inc. … Over the last twelve months Wolverine World Wide has recorded a ROE of 20%. … That means that for every $1 worth of shareholders' equity, it generated $0.20 in profit.

Simply Wall St -

Is Wolverine World Wide, Inc. (NYSE:WWW) A Smart Choice For Dividend Investors?

Today we'll take a closer look at Wolverine World Wide, Inc. … At the right price, or with strong growth opportunities, Wolverine World Wide could have potential. … There are a few simple ways to reduce the risks of buying Wolverine World Wide for its dividend, and we'll go through these below.

Simply Wall St -

Wolverine World Wide (NYSE:WWW) Shareholders Have Enjoyed An Impressive 119% Share Price Gain

One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … Wolverine World Wide was able to grow its EPS at 19% per year over three years, sending the share price higher. … The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers)

Simply Wall St -

Are Insiders Selling Wolverine World Wide, Inc. (NYSE:WWW) Stock?

The Last 12 Months Of Insider Transactions At Wolverine World Wide. … That means that an insider was selling shares at below the current price (US$35.73). … Over the last year we saw more insider selling of Wolverine World Wide shares, than buying

Simply Wall St -

What You Must Know About Wolverine World Wide, Inc.'s (NYSE:WWW) Financial Strength

Small-caps and large-caps are wildly popular among investors; however, mid-cap stocks, such as Wolverine World Wide, Inc. … Let’s take a look at WWW’s debt concentration and assess their financial liquidity to get an idea of their ability to fund strategic acquisitions and grow through cyclical pressures. … View our latest analysis for Wolverine World Wide

Simply Wall St -

Should You Worry About Wolverine World Wide, Inc.’s (NYSE:WWW) ROCE?

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … What is Return On Capital Employed (ROCE)? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

Company Info

Description

Wolverine World Wide, Inc. designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories. The company operates through three segments: Wolverine Outdoor & Lifestyle Group, Wolverine Boston Group, and Wolverine Heritage 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 and markets a range of footwear styles, such as shoes, boots, and sandals under the Bates, Cat, Chaco, Harley-Davidson, Hush Puppies, HyTest, Keds, Merrell, Saucony, Sebago, Sperry, Wolverine, and Stride Rite brand names. It also markets apparel and accessories under the Merrell and Wolverine brands, as well as licenses its brands for use on non-footwear products, including the Hush Puppies apparel, eyewear, watches, socks, handbags, and plush toys; the Wolverine brand eyewear and gloves; and the Keds, Saucony, and Sperry brand 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. Wolverine World Wide, Inc. sells its products in the United States, Canada, the United Kingdom, and countries in continental Europe and the Asia Pacific 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 29, 2018, the company operated 80 retail stores, as well as 42 consumer direct e-commerce sites. Wolverine World Wide, Inc. was founded in 1883 and is based in Rockford, Michigan.

Details
Name: Wolverine World Wide, Inc.
WWW
Exchange: NYSE
Founded: 1883
$2,473,593,349
88,754,695
Website: http://www.wolverineworldwide.com
Address: Wolverine World Wide, Inc.
9341 Courtland Drive NE,
Rockford,
Michigan, 49351,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE WWW Common Stock New York Stock Exchange US USD 02. Jan 1968
Number of employees
Current staff
Staff numbers
3,700
Wolverine World Wide employees.
Industry
Footwear
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/15 23:47
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/06/14
Last earnings filing: 2019/05/09
Last earnings reported: 2019/03/30
Last annual earnings reported: 2018/12/29


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.