NasdaqGS:WEYS

Stock Analysis Report

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Executive Summary

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

Rewards

PE ratio (11.9x) is below the US market (16.4x)

Pays a reliable dividend of 4.4%

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

9.5%

WEYS

2.6%

US Retail Distributors

1.9%

US Market


1 Year Return

-19.0%

WEYS

-8.5%

US Retail Distributors

4.3%

US Market

Return vs Industry: WEYS underperformed the US Retail Distributors industry which returned -8.5% over the past year.

Return vs Market: WEYS underperformed the US Market which returned 4.3% over the past year.


Shareholder returns

WEYSIndustryMarket
7 Day9.5%2.6%1.9%
30 Day13.9%-1.5%2.7%
90 Day19.7%37.4%26.4%
1 Year-15.2%-19.0%-6.9%-8.5%6.5%4.3%
3 Year-12.2%-20.9%15.3%9.8%35.1%26.2%
5 Year-11.8%-25.4%32.8%22.5%67.0%48.4%

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

Valuation

Is Weyco Group undervalued compared to its fair value and its price relative to the market?

11.92x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: WEYS ($21.84) 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 (11.9x) compared to the Retail Distributors industry average (19.8x).

PE vs Market: WEYS is good value based on its PE Ratio (11.9x) compared to the US market (16.4x).


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?

14.9%

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

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?

4.40%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: WEYS's dividend (4.4%) is higher than the bottom 25% of dividend payers in the US market (1.67%).

High Dividend: WEYS's dividend (4.4%) is low compared to the top 25% of dividend payers in the US market (4.49%).


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 ($USD1.01M) is about average for companies of similar size in the US market ($USD1.34M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Thomas Florsheim
Chairman & CEO21.5yrsUS$1.01m11.25% $23.9m
John Florsheim
President24.5yrsUS$964.14k10.4% $22.1m
John Wittkowske
Senior VP25.5yrsUS$667.94k1.03% $2.2m
William Combs
Founderno datano datano data
Jeff Douglass
Vice President of Marketing3.17yrsno datano data
DeAnna Osteen
Vice President of Human Resources3.17yrsno datano data
Brian Flannery
VP & President of Stacy Adams Brand18.5yrsUS$693.68k0.22% $465.9k
Kevin Schiff
VP & President of Florsheim Brand9.67yrsUS$555.03k0.17% $359.6k
Michael Bernsteen
VP & President of Nunn Bush Brand8.33yrsno data0.050% $107.0k
Dustin Combs
VP and President of BOGS & Rafters Brands5.5yrsno data0.036% $77.0k

9.7yrs

Average Tenure

58yo

Average Age

Experienced Management: WEYS's management team is seasoned and experienced (9.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Thomas Florsheim
Chairman & CEO21.5yrsUS$1.01m11.25% $23.9m
John Florsheim
President24.5yrsUS$964.14k10.4% $22.1m
Frederick Stratton
Independent Director44.5yrsUS$63.20k1.6% $3.4m
Thomas Florsheim
Chairman Emeritus18.5yrsUS$77.60k11.58% $24.6m
Robert Feitler
Independent Director56.5yrsUS$63.20k2.54% $5.4m
Cory Nettles
Independent Director15.25yrsUS$63.20k0.075% $159.1k
Tina Chang
Independent Director13.5yrsUS$63.20k0.11% $225.0k

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$212.823m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
WEYSNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDJan 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/02 00:10
End of Day Share Price2020/07/01 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.