NYSE:EXPR

Stock Analysis Report

Executive Summary

Express, Inc. operates as an apparel and accessories retailer.

Snowflake

Fundamentals

Adequate balance sheet and overvalued.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-1.0%

EXPR

-0.6%

US Specialty Retail

0.5%

US Market


1 Year Return

-54.5%

EXPR

6.7%

US Specialty Retail

12.8%

US Market

Return vs Industry: EXPR underperformed the US Specialty Retail industry which returned 6.7% over the past year.

Return vs Market: EXPR underperformed the US Market which returned 12.8% over the past year.


Shareholder returns

EXPRIndustryMarket
7 Day-1.0%-0.6%0.5%
30 Day40.8%3.1%4.3%
90 Day113.4%13.4%8.0%
1 Year-54.5%-54.5%8.5%6.7%15.3%12.8%
3 Year-71.8%-71.8%40.4%33.2%48.3%38.7%
5 Year-72.5%-72.5%53.7%40.6%62.6%44.5%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

0.48x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: EXPR ($3.97) is trading above our estimate of fair value ($3.19)

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


Price To Earnings Ratio

PE vs Industry: EXPR is unprofitable, so we can't compare its PE Ratio to the Specialty Retail industry average.

PE vs Market: EXPR is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: EXPR is good value based on its PB Ratio (0.5x) compared to the US Specialty Retail industry average (1.5x).


Next Steps

Future Growth

How is Express forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

103.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EXPR is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: EXPR is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: EXPR is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: EXPR's revenue is expected to decline over the next 3 years (-1% per year).

High Growth Revenue: EXPR's revenue is forecast to decline over the next 3 years (-1% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if EXPR's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Express performed over the past 5 years?

-36.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EXPR has high quality earnings.

Growing Profit Margin: EXPR's current net profit margins (-0.6%) are lower than last year (1.7%).


Past Earnings Growth Analysis

Earnings Trend: EXPR is unprofitable, and losses have increased over the past 5 years at a rate of -36.3% per year.

Accelerating Growth: Unable to compare EXPR's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: EXPR is unprofitable, making it difficult to compare its past year earnings growth to the Specialty Retail industry (5%).


Return on Equity

High ROE: EXPR has a negative Return on Equity (-2.28%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Express's financial position?


Financial Position Analysis

Short Term Liabilities: EXPR's short term assets ($472.7M) do not cover its short term liabilities ($477.3M)

Long Term Liabilities: EXPR's short term assets (472.7M) do not cover its long term liabilities (1.0B)


Debt to Equity History and Analysis

Debt Level: EXPR is debt free.

Reducing Debt: EXPR has no debt compared to 5 years ago when its debt to equity ratio was 40.3%.

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

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


Balance Sheet

Inventory Level: EXPR has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if EXPR's debt is covered by short term assets.


Next Steps

Dividend

What is Express's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage1.9%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate EXPR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate EXPR's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if EXPR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if EXPR's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of EXPR's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of Express's salary, the management and board of directors tenure and is there insider trading?

0.2yrs

Average management tenure


CEO

Tim Baxter (50yo)

0.4yrs

Tenure

0

Mr. Timothy G. Baxter, also known as Tim, has been Chief Executive Officer and Director at Express, Inc. since June 17, 2019. He had been the Chief Executive Officer of Delta Galil Premium Brands at Delta  ...


Management Age and Tenure

0.2yrs

Average Tenure

50yo

Average Age

Experienced Management: EXPR's management team is not considered experienced ( 0.2 years average tenure), which suggests a new team.


Board Age and Tenure

3.4yrs

Average Tenure

61yo

Average Age

Experienced Board: EXPR's board of directors are considered experienced (3.4 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

SellUS$2,196,49926 Dec 18
Contrarius Investment Management Limited
EntityCompany
Shares431,914
Max PriceUS$5.09
SellUS$1,288,65421 Dec 18
Contrarius Investment Management Limited
EntityCompany
Shares240,425
Max PriceUS$5.36

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • Matt Moellering (52yo)

    President & COO

    • Tenure: 0.2yrs
    • Compensation: US$2.18m
  • Tim Baxter (50yo)

    CEO & Director

    • Tenure: 0.4yrs
  • Perry Pericleous (46yo)

    CFO, Senior VP & Treasurer

    • Tenure: 4.3yrs
    • Compensation: US$1.14m
  • Alysa Spittle

    Director of Communications

    • Tenure: 0yrs
  • Melinda McAfee

    Senior VP

    • Tenure: 0yrs
  • Malissa Akay

    Executive VP & Chief Merchandising Officer

    • Tenure: 0.2yrs
  • Sara Tervo

    Executive VP & Chief Marketing Officer

    • Tenure: 0.2yrs
  • Dan Aldridge

    Vice President of investor Relations

    • Tenure: 0yrs

Board Members

  • Mike Devine (61yo)

    Independent Director

    • Tenure: 9.5yrs
    • Compensation: US$230.00k
  • Terry Davenport (61yo)

    Independent Director

    • Tenure: 3yrs
    • Compensation: US$210.00k
  • Mylle Mangum (70yo)

    Chairman & Lead Independent Director

    • Tenure: 3.4yrs
    • Compensation: US$360.00k
  • Mike Archbold (58yo)

    Independent Director

    • Tenure: 7.8yrs
    • Compensation: US$210.00k
  • Michael Weiss (77yo)

    Chairman Emeritus

    • Tenure: 3.4yrs
    • Compensation: US$24.88k
  • Peter Swinburn (66yo)

    Independent Director

    • Tenure: 7.8yrs
    • Compensation: US$230.00k
  • Tim Baxter (50yo)

    CEO & Director

    • Tenure: 0.4yrs
  • Karen Leever (55yo)

    Independent Director

    • Tenure: 3.3yrs
    • Compensation: US$210.00k
  • Winnie Park (48yo)

    Independent Director

    • Tenure: 1.4yrs
    • Compensation: US$184.95k

Company Information

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


Key Information

  • Name: Express, Inc.
  • Ticker: EXPR
  • Exchange: NYSE
  • Founded: 1980
  • Industry: Apparel Retail
  • Sector: Retail
  • Market Cap: US$267.050m
  • Shares outstanding: 67.27m
  • Website: https://www.express.com

Number of Employees


Location

  • Express, Inc.
  • 1 Express Drive
  • Columbus
  • Ohio
  • 43230
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
EXPRNYSE (New York Stock Exchange)YesCommon SharesUSUSDMay 2010
02ZDB (Deutsche Boerse AG)YesCommon SharesDEEURMay 2010
0IJULSE (London Stock Exchange)YesCommon SharesGBUSDMay 2010

Biography

Express, Inc. operates as an apparel and accessories retailer. It offers apparel and accessories for women and men for work, casual, jeanswear, and going-out occasions. The company sells its products throu ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/13 00:22
End of Day Share Price2019/11/12 00:00
Earnings2019/08/03
Annual Earnings2019/02/02


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.