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WEYS

Weyco GroupNasdaqGS:WEYS Stock Report

Last Price

US$22.53

Market Cap

US$217.9m

7D

-9.0%

1Y

28.7%

Updated

26 Jan, 2022

Data

Company Financials
WEYS fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance1/6
Financial Health6/6
Dividends5/6

WEYS Stock Overview

Weyco Group, Inc., together with its subsidiaries, designs and distributes footwear for men, women, and children.

Price History & Performance

Summary of all time highs, changes and price drops for Weyco Group
Historical stock prices
Current Share PriceUS$22.53
52 Week HighUS$25.50
52 Week LowUS$16.91
Beta0.57
1 Month Change-0.97%
3 Month Change-0.57%
1 Year Change28.67%
3 Year Change-16.18%
5 Year Change-20.05%
Change since IPO267.01%

Recent News & Updates

Nov 25

The Bottom Fishing Club: Weyco

Weyco has suffered from pandemic store closures and stay-at-home trends in the U.S. during 2020-21. Dress shoe sales should rebound nicely into 2022-23, and the company is well positioned to profit from it. The nearly 4% dividend yield story is compelling. Technical momentum trends are extremely bullish in November.

Aug 21
Weyco Group (NASDAQ:WEYS) Has Announced A Dividend Of US$0.24

Weyco Group (NASDAQ:WEYS) Has Announced A Dividend Of US$0.24

The board of Weyco Group, Inc. ( NASDAQ:WEYS ) has announced that it will pay a dividend on the 30th of September, with...

Aug 10
Weyco Group's (NASDAQ:WEYS) Soft Earnings Are Actually Better Than They Appear

Weyco Group's (NASDAQ:WEYS) Soft Earnings Are Actually Better Than They Appear

Weyco Group, Inc.'s ( NASDAQ:WEYS ) recent soft profit numbers didn't appear to worry shareholders. However, we think...

Shareholder Returns

WEYSUS Retail DistributorsUS Market
7D-9.0%-4.1%-5.1%
1Y28.7%26.9%3.3%

Return vs Industry: WEYS underperformed the US Retail Distributors industry which returned 29.9% over the past year.

Return vs Market: WEYS exceeded the US Market which returned 4.2% over the past year.

Price Volatility

Is WEYS's price volatile compared to industry and market?
WEYS volatility
WEYS Average Weekly Movement3.7%
Retail Distributors Industry Average Movement7.1%
Market Average Movement6.7%
10% most volatile stocks in US Market15.4%
10% least volatile stocks in US Market2.4%

Stable Share Price: WEYS is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: WEYS's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1906485Thomas Florsheimhttps://www.weycogroup.com

Weyco Group, Inc., together with its subsidiaries, designs and distributes footwear for men, women, and children. It operates through two segments, North American Wholesale Operations and North American Retail Operations. The company offers mid-priced leather dress shoes and casual footwear of man-made materials or leather; and outdoor boots, shoes, and sandals under the Florsheim, Nunn Bush, Stacy Adams, BOGS, and Rafters brand names.

Weyco Group Fundamentals Summary


Earnings & Revenue

Key profitability statistics from the latest earnings report
WEYS income statement (TTM)
RevenueUS$228.23m
Cost of RevenueUS$134.46m
Gross ProfitUS$93.77m
ExpensesUS$78.45m
EarningsUS$15.32m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Mar 08, 2022

Earnings per share (EPS)1.58
Gross Margin41.09%
Net Profit Margin6.71%
Debt/Equity Ratio0%

How did WEYS perform over the long term?

See historical performance and comparison

Dividends

4.3%

Current Dividend Yield

61%

Payout Ratio

Valuation

Is Weyco Group 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: WEYS ($22.53) is trading below our estimate of fair value ($328.37)

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


Price To Earnings Ratio

PE vs Industry: WEYS is good value based on its PE Ratio (14.2x) compared to the US Retail Distributors industry average (15.3x).

PE vs Market: WEYS is good value based on its PE Ratio (14.2x) compared to the US market (16.5x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate WEYS's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: WEYS is good value based on its PB Ratio (1.1x) compared to the US Retail Distributors industry average (2.7x).


Future Growth

How is Weyco Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

8.1%

Forecasted Retail industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Weyco Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Weyco Group performed over the past 5 years?

-21.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: WEYS has a large one-off loss of $8.0M impacting its September 30 2021 financial results.

Growing Profit Margin: WEYS became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: WEYS's earnings have declined by 21.2% per year over the past 5 years.

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

Earnings vs Industry: WEYS has become profitable in the last year, making it difficult to compare its past year earnings growth to the Retail Distributors industry (72.9%).


Return on Equity

High ROE: WEYS's Return on Equity (8%) is considered low.


Financial Health

How is Weyco Group's financial position?


Financial Position Analysis

Short Term Liabilities: WEYS's short term assets ($136.2M) exceed its short term liabilities ($21.5M).

Long Term Liabilities: WEYS's short term assets ($136.2M) exceed its long term liabilities ($44.1M).


Debt to Equity History and Analysis

Debt Level: WEYS is debt free.

Reducing Debt: WEYS has no debt compared to 5 years ago when its debt to equity ratio was 11.3%.

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

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


Balance Sheet


Dividend

What is Weyco Group current dividend yield, its reliability and sustainability?

4.26%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: WEYS's dividend (4.26%) is higher than the bottom 25% of dividend payers in the US market (1.36%).

High Dividend: WEYS's dividend (4.26%) is in the top 25% of dividend payers in the US market (3.57%)


Stability and Growth of Payments

Stable Dividend: WEYS's dividends per share have been stable in the past 10 years.

Growing Dividend: WEYS's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (60.7%), WEYS's dividend payments are 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?

11.2yrs

Average management tenure


CEO

Thomas Florsheim (63 yo)

23yrs

Tenure

US$743,793

Compensation

Mr. Thomas W. Florsheim, Jr., has been the Chief Executive Officer at Weyco Group Inc. since 1999 and also its Chairman of the Board since 2002. Mr. Florsheim has been working with Weyco Group for more tha...


CEO Compensation Analysis

Compensation vs Market: Thomas's total compensation ($USD743.79K) is below average for companies of similar size in the US market ($USD1.14M).

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


Leadership Team

Experienced Management: WEYS's management team is seasoned and experienced (11.2 years average tenure).


Board Members

Experienced Board: WEYS's board of directors are seasoned and experienced ( 26 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: WEYS 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

Weyco Group, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Weyco Group, Inc.
  • Ticker: WEYS
  • Exchange: NasdaqGS
  • Founded: 1906
  • Industry: Distributors
  • Sector: Retail
  • Implied Market Cap: US$217.908m
  • Shares outstanding: 9.67m
  • Website: https://www.weycogroup.com

Number of Employees


Location

  • Weyco Group, Inc.
  • 333 West Estabrook Boulevard
  • PO Box 1188
  • Milwaukee
  • Wisconsin
  • 53201
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/26 00:55
End of Day Share Price2022/01/25 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.