Foot Locker Valuation

Is FL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of FL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: FL ($23.13) is trading above our estimate of fair value ($20.55)

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


Key Valuation Metric

Which metric is best to use when looking at relative valuation for FL?

Key metric: As FL is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for FL. This is calculated by dividing FL's market cap by their current revenue.
What is FL's PS Ratio?
PS Ratio0.3x
SalesUS$8.15b
Market CapUS$2.13b

Price to Sales Ratio vs Peers

How does FL's PS Ratio compare to its peers?

The above table shows the PS ratio for FL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.3x
BKE Buckle
2x2.0%US$2.4b
VSCO Victoria's Secret
0.5x0.7%US$2.7b
RVLV Revolve Group
2.3x10.8%US$2.5b
AEO American Eagle Outfitters
0.6x2.8%US$3.3b
FL Foot Locker
0.3x2.3%US$2.1b

Price-To-Sales vs Peers: FL is good value based on its Price-To-Sales Ratio (0.3x) compared to the peer average (1.3x).


Price to Sales Ratio vs Industry

How does FL's PS Ratio compare vs other companies in the US Specialty Retail Industry?

42 CompaniesPrice / SalesEstimated GrowthMarket Cap
TA TravelCenters of America
0.1x-0.8%US$1.30b
ODP ODP
0.1x-2.1%US$802.05m
ARKO Arko
0.09x-1.7%US$790.72m
AAN Aaron's Company
0.1x2.4%US$306.82m
FL 0.3xIndustry Avg. 0.5xNo. of Companies42PS00.61.21.82.43+
42 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: FL is good value based on its Price-To-Sales Ratio (0.3x) compared to the US Specialty Retail industry average (0.5x).


Price to Sales Ratio vs Fair Ratio

What is FL's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

FL PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.3x
Fair PS Ratio0.4x

Price-To-Sales vs Fair Ratio: FL is good value based on its Price-To-Sales Ratio (0.3x) compared to the estimated Fair Price-To-Sales Ratio (0.4x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst FL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$23.13
US$27.76
+20.0%
19.4%US$38.00US$17.00n/a17
Nov ’25US$23.96
US$28.13
+17.4%
19.2%US$38.00US$17.00n/a16
Oct ’25US$25.12
US$28.50
+13.5%
19.4%US$38.00US$17.00n/a16
Sep ’25US$31.14
US$28.94
-7.1%
19.9%US$38.00US$17.00n/a16
Aug ’25US$28.45
US$25.80
-9.3%
18.6%US$35.00US$17.00n/a15
Jul ’25US$23.12
US$26.20
+13.3%
16.6%US$35.00US$17.00n/a15
Jun ’25US$27.73
US$25.93
-6.5%
17.0%US$35.00US$17.00n/a15
May ’25US$20.59
US$24.67
+19.8%
14.8%US$32.00US$17.00n/a15
Apr ’25US$27.52
US$25.06
-8.9%
15.4%US$32.00US$17.00n/a16
Mar ’25US$34.60
US$26.56
-23.2%
25.0%US$38.00US$12.00n/a16
Feb ’25US$29.90
US$25.69
-14.1%
22.8%US$35.00US$12.00n/a16
Jan ’25US$31.15
US$25.06
-19.6%
23.1%US$35.00US$12.00n/a18
Dec ’24US$29.71
US$24.56
-17.3%
22.2%US$35.00US$12.00n/a18
Nov ’24US$21.20
US$20.26
-4.4%
24.8%US$30.00US$11.00US$23.9619
Oct ’24US$17.35
US$20.42
+17.7%
24.4%US$30.00US$11.00US$25.1219
Sep ’24US$19.87
US$21.06
+6.0%
25.4%US$30.00US$11.00US$31.1418
Aug ’24US$26.15
US$33.11
+26.6%
23.4%US$50.00US$22.00US$28.4519
Jul ’24US$27.11
US$33.67
+24.2%
22.8%US$50.00US$22.00US$23.1218
Jun ’24US$24.79
US$34.26
+38.2%
22.4%US$50.00US$22.00US$27.7319
May ’24US$42.09
US$44.41
+5.5%
18.5%US$60.00US$30.00US$20.5917
Apr ’24US$39.69
US$44.65
+12.5%
18.2%US$60.00US$30.00US$27.5217
Mar ’24US$43.16
US$42.95
-0.5%
19.3%US$62.00US$32.00US$34.6019
Feb ’24US$45.24
US$41.72
-7.8%
18.7%US$62.00US$32.00US$29.9018
Jan ’24US$37.79
US$38.44
+1.7%
9.9%US$47.00US$31.00US$31.1518
Dec ’23US$39.17
US$38.44
-1.9%
9.9%US$47.00US$31.00US$29.7118
Nov ’23US$32.20
US$37.66
+17.0%
11.3%US$47.00US$27.00US$21.2018

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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