Weyco Group
Market Cap
US$208.9m
Last Updated
2020/07/05 23:56 UTC
Data Sources
Company Financials
Executive Summary
Weyco Group, Inc., together with its subsidiaries, designs and distributes footwear for men, women, and children.
Rewards
Risk Analysis
WEYS passed our risk checks.
Snowflake Analysis
Flawless balance sheet average dividend payer.
Share Price & News
How has Weyco Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: WEYS has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-4.3%
WEYS
3.9%
US Retail Distributors
4.0%
US Market
1 Year Return
-19.6%
WEYS
-7.8%
US Retail Distributors
5.0%
US Market
Return vs Industry: WEYS underperformed the US Retail Distributors industry which returned -7.8% over the past year.
Return vs Market: WEYS underperformed the US Market which returned 4.9% over the past year.
Shareholder returns
| WEYS | Industry | Market | |
|---|---|---|---|
| 7 Day | -4.3% | 3.9% | 4.0% |
| 30 Day | 2.6% | -5.1% | -1.1% |
| 90 Day | 7.8% | 30.3% | 21.1% |
| 1 Year | -15.8%-19.6% | -6.1%-7.8% | 7.2%5.0% |
| 3 Year | -15.0%-23.5% | 18.8%13.2% | 36.0%27.1% |
| 5 Year | -15.2%-28.3% | 32.7%22.4% | 65.3%46.9% |
Price Volatility Vs. Market
How volatile is Weyco Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 days ago | Simply Wall St
How Is Weyco Group's (NASDAQ:WEYS) CEO Compensated?3 weeks ago | Simply Wall St
A Rising Share Price Has Us Looking Closely At Weyco Group, Inc.'s (NASDAQ:WEYS) P/E Ratio3 weeks ago | Simply Wall St
Weyco Group, Inc. (NASDAQ:WEYS): Should The Recent Earnings Drop Worry You?Valuation
Is Weyco Group undervalued compared to its fair value and its price relative to the market?
11.7x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: WEYS ($21.44) is trading above our estimate of fair value ($19.02)
Significantly Below Fair Value: WEYS is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: WEYS is good value based on its PE Ratio (11.7x) compared to the Retail Distributors industry average (20x).
PE vs Market: WEYS is good value based on its PE Ratio (11.7x) 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 (1x) compared to the US Retail Distributors industry average (1.9x).
Next Steps
Future Growth
How is Weyco Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
15.9%
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.
Next Steps
- Examine whether Weyco Group is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Explore growth companies in the Retail industry.
Past Performance
How has Weyco Group performed over the past 5 years?
3.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: WEYS has high quality earnings.
Growing Profit Margin: WEYS's current net profit margins (6.2%) are lower than last year (7.1%).
Past Earnings Growth Analysis
Earnings Trend: WEYS's earnings have grown by 3.1% per year over the past 5 years.
Accelerating Growth: WEYS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: WEYS had negative earnings growth (-15.8%) over the past year, making it difficult to compare to the Retail Distributors industry average (-15.6%).
Return on Equity
High ROE: WEYS's Return on Equity (8.8%) is considered low.
Next Steps
Financial Health
How is Weyco Group's financial position?
Financial Position Analysis
Short Term Liabilities: WEYS's short term assets ($135.0M) exceed its short term liabilities ($20.4M).
Long Term Liabilities: WEYS's short term assets ($135.0M) exceed its long term liabilities ($42.9M).
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 3.5%.
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
Next Steps
Dividend
What is Weyco Group current dividend yield, its reliability and sustainability?
4.48%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: WEYS's dividend (4.48%) is higher than the bottom 25% of dividend payers in the US market (1.67%).
High Dividend: WEYS's dividend (4.48%) is low compared to the top 25% of dividend payers in the US market (4.5%).
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 (52.4%), 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?
9.7yrs
Average management tenure
CEO
Thomas Florsheim (62yo)
21.5yrs
Tenure
US$1,014,071
Compensation
Mr. Thomas W. Florsheim, Jr., has been the Chief Executive Officer at Weyco Group Inc. since 1999 and also its Chairman of the Board since 2002. Mr. Florsheim has been working with Weyco Group for more tha ...
CEO Compensation Analysis
Compensation vs Market: Thomas's total compensation ($USD1.01M) is about average for companies of similar size in the US market ($USD1.35M).
Compensation vs Earnings: Thomas's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 21.5yrs | US$1.01m | 11.25% $23.5m | |
| President | 24.5yrs | US$964.14k | 10.4% $21.7m | |
| Senior VP | 25.5yrs | US$667.94k | 1.03% $2.1m | |
| Founder | no data | no data | no data | |
| Vice President of Marketing | 3.17yrs | no data | no data | |
| Vice President of Human Resources | 3.17yrs | no data | no data | |
| VP & President of Stacy Adams Brand | 18.5yrs | US$693.68k | 0.22% $457.4k | |
| VP & President of Florsheim Brand | 9.67yrs | US$555.03k | 0.17% $353.0k | |
| VP & President of Nunn Bush Brand | 8.33yrs | no data | 0.050% $105.0k | |
| VP and President of BOGS & Rafters Brands | 5.5yrs | no data | 0.036% $75.6k |
9.7yrs
Average Tenure
58yo
Average Age
Experienced Management: WEYS's management team is seasoned and experienced (9.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 21.5yrs | US$1.01m | 11.25% $23.5m | |
| President | 24.5yrs | US$964.14k | 10.4% $21.7m | |
| Independent Director | 44.5yrs | US$63.20k | 1.6% $3.3m | |
| Chairman Emeritus | 18.5yrs | US$77.60k | 11.58% $24.2m | |
| Independent Director | 56.5yrs | US$63.20k | 2.54% $5.3m | |
| Independent Director | 15.25yrs | US$63.20k | 0.075% $156.2k | |
| Independent Director | 13.5yrs | US$63.20k | 0.11% $220.9k |
18.5yrs
Average Tenure
62yo
Average Age
Experienced Board: WEYS's board of directors are seasoned and experienced ( 18.5 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 company bio, employee growth, exchange listings and data sources
Key Information
- Name: Weyco Group, Inc.
- Ticker: WEYS
- Exchange: NasdaqGS
- Founded: 1906
- Industry: Distributors
- Sector: Retail
- Market Cap: US$208.925m
- Shares outstanding: 9.74m
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| WEYS | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Jan 1968 |
Biography
Weyco Group, Inc., together with its subsidiaries, designs and distributes footwear for men, women, and children. It operates through two segments, North American Wholesale and North American Retail. 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. It is also involved in the wholesale of its products to 10,000 footwear, department, and specialty stores, as well as e-commerce retailers. As of December 31, 2019, the company had eight brick and mortar retail stores in the United States. In addition, it has licensing agreements with third parties, who sell its branded apparel, accessories, and specialty footwear. Weyco Group, Inc. serves in the United States, Canada, Europe, Australia, Asia, and South Africa. The company was formerly known as Weyenberg Shoe Manufacturing Company and changed its name to Weyco Group, Inc. in April 1990. Weyco Group, Inc. was incorporated in 1906 and is based in Milwaukee, Wisconsin.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/07/05 23:56 |
| End of Day Share Price | 2020/07/02 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2019/12/31 |
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.