Foot Locker
Market Cap
US$5.0b
Last Updated
2021/01/16 00:55 UTC
Data Sources
Company Financials +
Executive Summary
Foot Locker, Inc., through its subsidiaries, operates as an athletic footwear and apparel retailer. More Details
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet and good value.
Similar Companies
Share Price & News
How has Foot Locker's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FL is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: FL's weekly volatility (7%) has been stable over the past year.
Market Performance
7 Day Return
9.0%
FL
2.0%
US Specialty Retail
-0.9%
US Market
1 Year Return
20.8%
FL
33.9%
US Specialty Retail
19.6%
US Market
Return vs Industry: FL underperformed the US Specialty Retail industry which returned 34.7% over the past year.
Return vs Market: FL matched the US Market which returned 21% over the past year.
Shareholder returns
| FL | Industry | Market | |
|---|---|---|---|
| 7 Day | 9.0% | 2.0% | -0.9% |
| 30 Day | 17.3% | 7.8% | 3.0% |
| 90 Day | 25.6% | 13.1% | 11.5% |
| 1 Year | 23.9%20.8% | 35.2%33.9% | 22.3%19.6% |
| 3 Year | 3.9%-4.7% | 74.5%67.1% | 45.3%35.7% |
| 5 Year | -16.4%-26.6% | 115.7%99.6% | 124.8%99.9% |
Long-Term Price Volatility Vs. Market
How volatile is Foot Locker's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
Foot Locker (NYSE:FL) Share Prices Have Dropped 38% In The Last Five Years2 months ago | Simply Wall St
Returns On Capital At Foot Locker (NYSE:FL) Paint An Interesting Picture4 months ago | Simply Wall St
Is Now An Opportune Moment To Examine Foot Locker, Inc. (NYSE:FL)?Valuation
Is Foot Locker undervalued compared to its fair value and its price relative to the market?
14.7%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FL ($47.85) is trading below our estimate of fair value ($56.11)
Significantly Below Fair Value: FL is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: FL is good value based on its PE Ratio (15x) compared to the US Specialty Retail industry average (19.5x).
PE vs Market: FL is good value based on its PE Ratio (15x) compared to the US market (21.3x).
Price to Earnings Growth Ratio
PEG Ratio: FL is poor value based on its PEG Ratio (1.4x)
Price to Book Ratio
PB vs Industry: FL is good value based on its PB Ratio (1.9x) compared to the US Specialty Retail industry average (2.9x).
Next Steps
Future Growth
How is Foot Locker forecast to perform in the next 1 to 3 years based on estimates from 19 analysts?
10.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FL's forecast earnings growth (10.6% per year) is above the savings rate (2%).
Earnings vs Market: FL's earnings (10.6% per year) are forecast to grow slower than the US market (21.6% per year).
High Growth Earnings: FL's earnings are forecast to grow, but not significantly.
Revenue vs Market: FL's revenue (3.1% per year) is forecast to grow slower than the US market (10.2% per year).
High Growth Revenue: FL's revenue (3.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FL's Return on Equity is forecast to be low in 3 years time (18.6%).
Next Steps
Past Performance
How has Foot Locker performed over the past 5 years?
-11.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FL has a large one-off gain of $186.0M impacting its October 31 2020 financial results.
Growing Profit Margin: FL's current net profit margins (4.4%) are lower than last year (6.4%).
Past Earnings Growth Analysis
Earnings Trend: FL's earnings have declined by 11.8% per year over the past 5 years.
Accelerating Growth: FL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FL had negative earnings growth (-35.2%) over the past year, making it difficult to compare to the Specialty Retail industry average (15.3%).
Return on Equity
High ROE: FL's Return on Equity (12.6%) is considered low.
Next Steps
Financial Health
How is Foot Locker's financial position?
Financial Position Analysis
Short Term Liabilities: FL's short term assets ($2.8B) exceed its short term liabilities ($1.5B).
Long Term Liabilities: FL's short term assets ($2.8B) do not cover its long term liabilities ($2.8B).
Debt to Equity History and Analysis
Debt Level: FL's debt to equity ratio (4.5%) is considered satisfactory.
Reducing Debt: FL had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: FL's debt is well covered by operating cash flow (809.2%).
Interest Coverage: FL's interest payments on its debt are well covered by EBIT (109.7x coverage).
Balance Sheet
Next Steps
Dividend
What is Foot Locker current dividend yield, its reliability and sustainability?
1.25%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FL's dividend (1.25%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.38%).
High Dividend: FL's dividend (1.25%) is low compared to the top 25% of dividend payers in the US market (3.84%).
Stability and Growth of Payments
Stable Dividend: FL's dividend payments have been volatile in the past 10 years.
Growing Dividend: FL's dividend payments have not increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (29.1%), FL's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FL's dividends in 3 years are forecast to be well covered by earnings (31.1% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.3yrs
Average management tenure
CEO
Dick Johnson (62 yo)
6.08yrs
Tenure
US$9,222,205
Compensation
Mr. Richard A. Johnson, also known as Dick, has been the Chief Executive Officer at Foot Locker, Inc. since December 1, 2014 and served as it's President since December 1, 2014 until August 2020. Mr. Johns...
CEO Compensation Analysis
Compensation vs Market: Dick's total compensation ($USD9.22M) is above average for companies of similar size in the US market ($USD6.20M).
Compensation vs Earnings: Dick's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 6.08yrs | US$9.22m | 0.25% $ 12.4m | |
| Executive VP & CFO | 9.5yrs | US$2.53m | 0.12% $ 6.1m | |
| Senior VP & Chief Accounting Officer | 11.67yrs | no data | 0.052% $ 2.6m | |
| Vice President of Corporate Finance & Investor Relations | no data | no data | no data | |
| Senior VP & Chief Information Officer | 0.083yr | no data | no data | |
| Senior VP | 6.58yrs | no data | 0.028% $ 1.4m | |
| Senior Director of PR & Communications | no data | no data | no data | |
| Vice President of Corporate Communications | no data | no data | no data | |
| Senior VP & Chief Human Resources Officer | 2.33yrs | no data | no data | |
| Senior VP & GM of Champs Sports - North America | no data | no data | no data | |
| Executive VP | 4.58yrs | no data | 0.0091% $ 453.3k | |
| Executive VP & CEO of EMEA | 1.92yrs | no data | 0.0021% $ 105.7k |
5.3yrs
Average Tenure
53yo
Average Age
Experienced Management: FL's management team is seasoned and experienced (5.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 6.08yrs | US$9.22m | 0.25% $ 12.4m | |
| Independent Director | 15.92yrs | US$279.95k | 0.070% $ 3.5m | |
| Independent Director | 14.67yrs | US$263.44k | 0.018% $ 884.6k | |
| Lead Independent Director | 4.67yrs | US$398.11k | 0.045% $ 2.3m | |
| Independent Director | 6.92yrs | US$255.88k | 0.015% $ 742.0k | |
| Independent Director | 9.92yrs | US$273.44k | 0.039% $ 1.9m | |
| Independent Director | 8yrs | US$238.44k | 0.019% $ 968.4k | |
| Independent Director | 4.08yrs | US$248.44k | 0.010% $ 518.1k | |
| Independent Director | 0.92yr | no data | 0.0023% $ 112.7k | |
| Independent Director | 4.08yrs | US$261.44k | 0.011% $ 553.0k | |
| Independent Director | 0.92yr | no data | 0.0023% $ 112.7k |
4.7yrs
Average Tenure
64yo
Average Age
Experienced Board: FL's board of directors are considered experienced (4.7 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold 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
Foot Locker, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Foot Locker, Inc.
- Ticker: FL
- Exchange: NYSE
- Founded: 1879
- Industry: Apparel Retail
- Sector: Retail
- Market Cap: US$4.987b
- Shares outstanding: 104.21m
- Website: https://www.footlocker-inc.com
Number of Employees
Location
- Foot Locker, Inc.
- 330 West 34th Street
- New York
- New York
- 10001
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| FL | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Jan 1968 |
| WOO | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jan 1968 |
| 0IQK | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Jan 1968 |
| FOOT | WBAG (Wiener Boerse AG) | Yes | Common Stock | AT | EUR | Jan 1968 |
| FL * | BMV (Bolsa Mexicana de Valores) | Yes | Common Stock | MX | MXN | Jan 1968 |
Biography
Foot Locker, Inc., through its subsidiaries, operates as an athletic footwear and apparel retailer. The company retails athletic footwear, apparel, accessories, and equipment under Foot Locker, Lady Foot L...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/16 00:55 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/10/31 |
| Annual Earnings | 2020/02/01 |
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.