NasdaqGS:SCVL

Stock Analysis Report

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Executive Summary

Shoe Carnival, Inc., together with its subsidiaries, operates as a family footwear retailer in the United States. More Details


Snowflake Analysis

Flawless balance sheet with moderate growth potential.


Similar Companies

Share Price & News

How has Shoe Carnival's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SCVL's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-5.2%

SCVL

-0.9%

US Specialty Retail

-2.4%

US Market


1 Year Return

-2.5%

SCVL

24.8%

US Specialty Retail

18.2%

US Market

Return vs Industry: SCVL underperformed the US Specialty Retail industry which returned 27.2% over the past year.

Return vs Market: SCVL underperformed the US Market which returned 19.5% over the past year.


Shareholder returns

SCVLIndustryMarket
7 Day-5.2%-0.9%-2.4%
30 Day-11.5%6.8%4.2%
90 Day11.8%15.4%6.3%
1 Year-1.2%-2.5%26.1%24.8%20.9%18.2%
3 Year58.4%53.1%86.9%78.6%41.2%31.8%
5 Year57.1%48.4%70.9%57.7%84.8%63.9%

Price Volatility Vs. Market

How volatile is Shoe Carnival's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Shoe Carnival undervalued compared to its fair value and its price relative to the market?

42.45x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SCVL ($33.23) is trading above our estimate of fair value ($29.42)

Significantly Below Fair Value: SCVL is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: SCVL is poor value based on its PE Ratio (42.4x) compared to the US Specialty Retail industry average (22.7x).

PE vs Market: SCVL is poor value based on its PE Ratio (42.4x) compared to the US market (19x).


Price to Earnings Growth Ratio

PEG Ratio: SCVL is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: SCVL is good value based on its PB Ratio (1.6x) compared to the US Specialty Retail industry average (1.9x).


Next Steps

Future Growth

How is Shoe Carnival forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

85.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SCVL's forecast earnings growth (85% per year) is above the savings rate (2.2%).

Earnings vs Market: SCVL's earnings (85% per year) are forecast to grow faster than the US market (22.1% per year).

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

Revenue vs Market: SCVL's revenue (8.5% per year) is forecast to grow slower than the US market (10% per year).

High Growth Revenue: SCVL's revenue (8.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SCVL's Return on Equity is forecast to be low in 3 years time (10%).


Next Steps

Past Performance

How has Shoe Carnival performed over the past 5 years?

2.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SCVL has a large one-off loss of $3.7M impacting its August 1 2020 financial results.

Growing Profit Margin: SCVL's current net profit margins (1.1%) are lower than last year (3.8%).


Past Earnings Growth Analysis

Earnings Trend: SCVL's earnings have grown by 2.7% per year over the past 5 years.

Accelerating Growth: SCVL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: SCVL had negative earnings growth (-71.6%) over the past year, making it difficult to compare to the Specialty Retail industry average (2.2%).


Return on Equity

High ROE: SCVL's Return on Equity (3.8%) is considered low.


Next Steps

Financial Health

How is Shoe Carnival's financial position?


Financial Position Analysis

Short Term Liabilities: SCVL's short term assets ($396.0M) exceed its short term liabilities ($195.9M).

Long Term Liabilities: SCVL's short term assets ($396.0M) exceed its long term liabilities ($204.7M).


Debt to Equity History and Analysis

Debt Level: SCVL is debt free.

Reducing Debt: SCVL had no debt 5 years ago.

Debt Coverage: SCVL has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: SCVL has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Shoe Carnival current dividend yield, its reliability and sustainability?

1.08%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SCVL's dividend (1.08%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.62%).

High Dividend: SCVL's dividend (1.08%) is low compared to the top 25% of dividend payers in the US market (4.66%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, SCVL has been paying a dividend for less than 10 years.

Growing Dividend: SCVL's dividend payments have increased, but the company has only paid a dividend for 8 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (44.1%), SCVL's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

4.6yrs

Average management tenure


CEO

Cliff Sifford (66 yo)

8yrs

Tenure

US$2,424,468

Compensation

Mr. Clifton E. Sifford serves as the Vice Chairman of Shoe Carnival Inc. since September 19, 2019 and has been the its Chief Executive Officer since October 27, 2012. He had served as President of Shoe Car ...


CEO Compensation Analysis

Compensation vs Market: Cliff's total compensation ($USD2.42M) is about average for companies of similar size in the US market ($USD1.91M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Clifton Sifford
Vice Chairman & CEO8yrsUS$2.42m1.12%
$ 5.3m
Mark Worden
President & Chief Customer Officer1.08yrsUS$1.32m0.060%
$ 281.9k
W. Jackson
Senior EVP24.08yrsUS$1.56m0.72%
$ 3.4m
Timothy Baker
Executive VP & Chief Retail Operations Officer19.33yrsUS$1.41m0.44%
$ 2.1m
Carl Scibetta
Executive VP & Chief Merchandising Officer4.58yrsUS$1.39m0.35%
$ 1.6m
J. Weaver
Executive Chairman of the Board32.58yrsUS$300.00k35.46%
$ 166.1m
Terry Clements
Chief Information Officer & Senior VPno datano datano data
David Groff
Vice President of Administration & Business Developmentno datano datano data
Deborah Hannah
Vice President of Marketingno datano datano data
Sean Georges
Senior VP of Human Resourcesno datano datano data
Marc Chilton
Senior Vice President of Store Administration & Development1.5yrsno datano data
Patrick Edwards
VP, Controller & Assistant Secretary1.75yrsno datano data

4.6yrs

Average Tenure

62yo

Average Age

Experienced Management: SCVL's management team is considered experienced (4.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Clifton Sifford
Vice Chairman & CEO8yrsUS$2.42m1.12%
$ 5.3m
J. Weaver
Executive Chairman of the Board32.58yrsUS$300.00k35.46%
$ 166.1m
Kent Kleeberger
Lead Independent Directorno dataUS$172.90k0.10%
$ 489.9k
Joseph Wood
Independent Director17.75yrsUS$132.90k0.13%
$ 594.4k
James Aschleman
Independent Director8.58yrsUS$152.90k0.11%
$ 498.4k
Charles Tomm
Independent Director3.08yrsUS$137.90k0.087%
$ 406.8k
Andrea Guthrie
Independent Director5.08yrsUS$140.40k0.089%
$ 418.4k

6.8yrs

Average Tenure

72yo

Average Age

Experienced Board: SCVL's board of directors are considered experienced (6.8 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: SCVL 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

Shoe Carnival, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Shoe Carnival, Inc.
  • Ticker: SCVL
  • Exchange: NasdaqGS
  • Founded: 1978
  • Industry: Apparel Retail
  • Sector: Retail
  • Market Cap: US$468.582m
  • Shares outstanding: 14.10m
  • Website: https://www.shoecarnival.com

Number of Employees


Location

  • Shoe Carnival, Inc.
  • 7500 East Columbia Street
  • Evansville
  • Indiana
  • 47715
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SCVLNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDMar 1993

Biography

Shoe Carnival, Inc., together with its subsidiaries, operates as a family footwear retailer in the United States. The company offers various dress, casual, and athletic footwear products for men, women, an ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/20 00:00
End of Day Share Price2020/10/19 00:00
Earnings2020/08/01
Annual Earnings2020/02/01


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.