Designer Brands
Market Cap
US$1.1b
Last Updated
2020/02/21 01:18 UTC
Data Sources
Company Financials +
Executive Summary
Designer Brands Inc. designs, producers, and retails footwear and accessories for women, men, and kids primarily in North America.
Rewards
Risk Analysis
Snowflake Analysis
Adequate balance sheet and fair value.
Similar Companies
Share Price & News
How has Designer Brands's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: DBI has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
4.0%
DBI
1.7%
US Specialty Retail
0.06%
US Market
1 Year Return
-44.0%
DBI
18.8%
US Specialty Retail
19.3%
US Market
Return vs Industry: DBI underperformed the US Specialty Retail industry which returned 18% over the past year.
Return vs Market: DBI underperformed the US Market which returned 20.3% over the past year.
Shareholder returns
| DBI | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.0% | 1.7% | 0.06% |
| 30 Day | -3.3% | 2.3% | 1.7% |
| 90 Day | -3.5% | 6.7% | 9.0% |
| 1 Year | -40.8%-44.0% | 20.6%18.8% | 21.8%19.3% |
| 3 Year | -15.7%-26.4% | 47.0%40.0% | 49.5%39.9% |
| 5 Year | -48.8%-57.9% | 49.9%37.8% | 73.1%54.1% |
Price Volatility Vs. Market
How volatile is Designer Brands's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 day ago | Simply Wall St
The Designer Brands (NYSE:DBI) Share Price Is Down 62% So Some Shareholders Are Wishing They Sold1 week ago | Simply Wall St
Does Designer Brands's (NYSE:DBI) Statutory Profit Adequately Reflect Its Underlying Profit?3 weeks ago | Simply Wall St
Is Designer Brands Inc.'s (NYSE:DBI) CEO Paid Enough Relative To Peers?Valuation
Is Designer Brands 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: DBI ($15.47) is trading below our estimate of fair value ($54.22)
Significantly Below Fair Value: DBI is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: DBI is poor value based on its PE Ratio (20.7x) compared to the Specialty Retail industry average (16.7x).
PE vs Market: DBI is poor value based on its PE Ratio (20.7x) compared to the US market (18.3x).
Price to Earnings Growth Ratio
PEG Ratio: DBI is good value based on its PEG Ratio (0.8x)
Price to Book Ratio
PB vs Industry: DBI is overvalued based on its PB Ratio (1.5x) compared to the US Specialty Retail industry average (1.5x).
Next Steps
Future Growth
How is Designer Brands forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
25.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: DBI's forecast earnings growth (26.2% per year) is above the savings rate (1.7%).
Earnings vs Market: DBI's earnings (26.2% per year) are forecast to grow faster than the US market (14.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: DBI's revenue (1.9% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: DBI's revenue (1.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: DBI's Return on Equity is forecast to be low in 3 years time (14.7%).
Next Steps
Past Performance
How has Designer Brands performed over the past 5 years?
-33.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DBI has a large one-off loss of $82.5M impacting its November 2 2019 financial results.
Growing Profit Margin: DBI's current net profit margins (1.6%) are higher than last year (1.2%).
Past Earnings Growth Analysis
Earnings Trend: DBI's earnings have declined by -33.9% per year over the past 5 years.
Accelerating Growth: DBI's earnings growth over the past year (53%) exceeds its 5-year average (-33.9% per year).
Earnings vs Industry: DBI earnings growth over the past year (53%) exceeded the Specialty Retail industry 6.4%.
Return on Equity
High ROE: DBI's Return on Equity (7.6%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Designer Brands's financial position?
Financial Position Analysis
Short Term Liabilities: DBI's short term assets ($926.9M) exceed its short term liabilities ($641.8M).
Long Term Liabilities: DBI's short term assets ($926.9M) do not cover its long term liabilities ($1.2B).
Debt to Equity History and Analysis
Debt Level: DBI's debt to equity ratio (31.6%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if DBI's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: DBI's debt is well covered by operating cash flow (62.2%).
Interest Coverage: DBI's interest payments on its debt are well covered by EBIT (22.6x coverage).
Balance Sheet
Inventory Level: DBI has a high level of physical assets or inventory.
Debt Coverage by Assets: DBI's debt is covered by short term assets (assets are 3.9x debt).
Next Steps
Dividend
What is Designer Brands's current dividend yield, its reliability and sustainability?
6.30%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: DBI's dividend (6.46%) is higher than the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: DBI's dividend (6.46%) is in the top 25% of dividend payers in the US market (3.73%)
Stability and Growth of Payments
Stable Dividend: DBI has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: DBI's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (134.1%), DBI's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: DBI's dividends in 3 years are forecast to be well covered by earnings (47.9% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.3yrs
Average management tenure
CEO
Roger Rawlins (52yo)
4.1yrs
Tenure
US$8,273,914
Compensation
Mr. Roger L. Rawlins serves as Chief Executive Officer of Designer Brands since January 2016. Mr. Rawlins serves as Director at DSW Inc. (also known as Value City Department Stores Inc; Value City Departme ...
CEO Compensation Analysis
Compensation vs Market: Roger's total compensation ($USD8.27M) is above average for companies of similar size in the US market ($USD2.50M).
Compensation vs Earnings: Roger's compensation has increased by more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 14.9yrs | US$3.99m | 12.58% $143.3m | |
| CEO & Director | 4.1yrs | US$8.27m | 0.15% $1.7m | |
| Vice Chairman & President | 1yrs | US$6.95m | 0.22% $2.5m | |
| Executive VP & CFO | 3.3yrs | US$1.31m | 0.021% $234.2k | |
| Executive Vice President & President of DSW | 11.8yrs | US$3.33m | 0.099% $1.1m | |
| Executive VP & Chief Information Officer | 1.8yrs | no data | 0.0064% $72.8k | |
| Executive VP & Chief Administration Officer | 1.1yrs | no data | 0.015% $173.6k | |
| Senior Director of Investor Relations | 0yrs | no data | no data | |
| Director of Corporate Communications | 0yrs | no data | no data | |
| Executive Vice President | 4.1yrs | no data | 0.023% $259.8k |
3.3yrs
Average Tenure
52yo
Average Age
Experienced Management: DBI's management team is considered experienced (3.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 14.9yrs | US$3.99m | 12.58% $143.3m | |
| CEO & Director | 4.1yrs | US$8.27m | 0.15% $1.7m | |
| Independent Director | 11.9yrs | US$245.00k | 0.022% $247.1k | |
| Independent Director | 11.9yrs | US$290.00k | 0.036% $413.6k | |
| Independent Director | 3.4yrs | US$245.00k | 0.015% $172.5k | |
| Independent Director | 15.1yrs | US$269.21k | 0.055% $622.0k | |
| Independent Director | 14.7yrs | US$305.00k | 0.0026% $29.8k | |
| Independent Director | 14.7yrs | US$255.00k | 0.0070% $80.3k | |
| Independent Director | 2.5yrs | US$275.00k | no data | |
| Inside Director | 7.2yrs | US$230.00k | 0.13% $1.5m |
11.9yrs
Average Tenure
63yo
Average Age
Experienced Board: DBI's board of directors are seasoned and experienced ( 11.9 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: DBI 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
Designer Brands Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Designer Brands Inc.
- Ticker: DBI
- Exchange: NYSE
- Founded:
- Industry: Apparel Retail
- Sector: Retail
- Market Cap: US$1.139b
- Shares outstanding: 71.75m
- Website: https://www.designerbrands.com
Number of Employees
Location
- Designer Brands Inc.
- 810 DSW Drive
- Columbus
- Ohio
- 43219
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| DBI | NYSE (New York Stock Exchange) | Yes | Class A Common Shares | US | USD | May 2011 |
| D9W | DB (Deutsche Boerse AG) | Yes | Class A Common Shares | DE | EUR | May 2011 |
| 0A1D | LSE (London Stock Exchange) | Yes | Class A Common Shares | GB | EUR | May 2011 |
Biography
Designer Brands Inc. designs, producers, and retails footwear and accessories for women, men, and kids primarily in North America. It operates through three segments: The U.S. Retail, the Canada Retail, and the Brand Portfolio. The company also provides handbags, hosiery, jewelry, and other accessories. The company offers its products under the Vince Camuto, Louise et Cie, Sole Society, CC Corso Como, Enzo Angiolini, Jessica Simpson, Lucky, and other brands. It operates vincecamuto.com and solesociety.com e-commerce sites. As of March 19, 2019, it operated a portfolio of retail concepts in approximately 1,000 locations under the DSW Designer Shoe Warehouse, The Shoe Company, and Shoe Warehouse banners. Designer Brands Inc. is based in Columbus, Ohio.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/21 01:18 |
| End of Day Share Price | 2020/02/20 00:00 |
| Earnings | 2019/11/02 |
| Annual Earnings | 2019/02/02 |
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.