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Signet Jewelers

NYSE:SIG
Snowflake Description

Average dividend payer with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SIG
NYSE
$959M
Market Cap
  1. Home
  2. US
  3. Retail
Company description

Signet Jewelers Limited engages in the retail sale of diamond jewelry, watches, and other products. The last earnings update was 42 days ago. More info.


Add to Portfolio Compare Print
  • Signet Jewelers has significant price volatility in the past 3 months.
SIG Share Price and Events
7 Day Returns
4.3%
NYSE:SIG
2.3%
US Specialty Retail
0.6%
US Market
1 Year Returns
-69.7%
NYSE:SIG
5.7%
US Specialty Retail
4.1%
US Market
SIG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Signet Jewelers (SIG) 4.3% 1.9% -19.1% -69.7% -79% -82.8%
US Specialty Retail 2.3% 5% -2.9% 5.7% 28% 55.5%
US Market 0.6% 3.8% 2.8% 4.1% 37.3% 42.5%
1 Year Return vs Industry and Market
  • SIG underperformed the Specialty Retail industry which returned 5.7% over the past year.
  • SIG underperformed the Market in United States of America which returned 4.1% over the past year.
Price Volatility
SIG
Industry
5yr Volatility vs Market

SIG Value

 Is Signet Jewelers undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Signet Jewelers to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Signet Jewelers.

NYSE:SIG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 8 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 14.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:SIG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Specialty Retail Unlevered Beta Simply Wall St/ S&P Global 0.84
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.837 (1 + (1- 21%) (274.42%))
2.106
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (2 * 5.96%)
14.65%

Discounted Cash Flow Calculation for NYSE:SIG using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Signet Jewelers is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:SIG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 14.65%)
2020 273.00 Analyst x3 238.12
2021 186.57 Analyst x3 141.93
2022 139.07 Est @ -25.46% 92.28
2023 115.43 Est @ -17% 66.81
2024 102.64 Est @ -11.08% 51.81
2025 95.52 Est @ -6.94% 42.06
2026 91.66 Est @ -4.04% 35.20
2027 89.82 Est @ -2.01% 30.09
2028 89.29 Est @ -0.59% 26.09
2029 89.66 Est @ 0.41% 22.85
Present value of next 10 years cash flows $747.23
NYSE:SIG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $89.66 × (1 + 2.73%) ÷ (14.65% – 2.73%)
$772.70
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $772.70 ÷ (1 + 14.65%)10
$196.91
NYSE:SIG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $747.23 + $196.91
$944.14
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $944.14 / 52.19
$18.09
NYSE:SIG Discount to Share Price
Calculation Result
Value per share (USD) From above. $18.09
Current discount Discount to share price of $18.37
= -1 x ($18.37 - $18.09) / $18.09
-1.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Signet Jewelers is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Signet Jewelers's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Signet Jewelers's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:SIG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-05-04) in USD $-3.86
NYSE:SIG Share Price ** NYSE (2019-07-17) in USD $18.37
United States of America Specialty Retail Industry PE Ratio Median Figure of 62 Publicly-Listed Specialty Retail Companies 15.62x
United States of America Market PE Ratio Median Figure of 3,082 Publicly-Listed Companies 17.98x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Signet Jewelers.

NYSE:SIG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:SIG Share Price ÷ EPS (both in USD)

= 18.37 ÷ -3.86

-4.75x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Signet Jewelers is loss making, we can't compare its value to the US Specialty Retail industry average.
  • Signet Jewelers is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Signet Jewelers's expected growth come at a high price?
Raw Data
NYSE:SIG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -4.75x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
66.3%per year
United States of America Specialty Retail Industry PEG Ratio Median Figure of 55 Publicly-Listed Specialty Retail Companies 1.66x
United States of America Market PEG Ratio Median Figure of 2,122 Publicly-Listed Companies 1.59x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Signet Jewelers, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Signet Jewelers's assets?
Raw Data
NYSE:SIG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-05-04) in USD $22.25
NYSE:SIG Share Price * NYSE (2019-07-17) in USD $18.37
United States of America Specialty Retail Industry PB Ratio Median Figure of 99 Publicly-Listed Specialty Retail Companies 1.34x
United States of America Market PB Ratio Median Figure of 5,241 Publicly-Listed Companies 1.81x
NYSE:SIG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:SIG Share Price ÷ Book Value per Share (both in USD)

= 18.37 ÷ 22.25

0.83x

* Primary Listing of Signet Jewelers.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Signet Jewelers is good value based on assets compared to the US Specialty Retail industry average.
X
Value checks
We assess Signet Jewelers's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Specialty Retail industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Specialty Retail industry average (and greater than 0)? (1 check)
  5. Signet Jewelers has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

SIG Future Performance

 How is Signet Jewelers expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
66.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Signet Jewelers expected to grow at an attractive rate?
  • Signet Jewelers's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Signet Jewelers's earnings growth is expected to exceed the United States of America market average.
  • Signet Jewelers's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:SIG Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:SIG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 66.3%
NYSE:SIG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts -1.6%
United States of America Specialty Retail Industry Earnings Growth Rate Market Cap Weighted Average 10.2%
United States of America Specialty Retail Industry Revenue Growth Rate Market Cap Weighted Average 5.5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.1%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:SIG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:SIG Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-01-31 5,864 168 1
2021-01-31 5,946 333 163 8
2020-01-31 6,013 384 156 8
NYSE:SIG Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-05-04 6,221 775 -204
2019-02-02 6,270 698 -690
2018-11-03 6,644 772 -231
2018-08-04 6,609 1,983 -205
2018-05-05 6,588 1,912 -89
2018-02-03 6,511 1,941 486
2017-10-28 6,302 1,800 431
2017-07-29 6,332 779 458
2017-04-29 6,373 621 455
2017-01-28 6,691 678 531
2016-10-29 6,805 716 515
2016-07-30 6,835 542 516

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Signet Jewelers's earnings are expected to grow significantly at over 20% yearly.
  • Signet Jewelers's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:SIG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below

All data from Signet Jewelers Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:SIG Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-01-31 3.50 3.50 3.50 1.00
2021-01-31 2.87 3.30 2.48 3.00
2020-01-31 2.06 2.06 2.06 1.00
NYSE:SIG Past Financials Data
Date (Data in USD Millions) EPS *
2019-05-04 -3.86
2019-02-02 -12.62
2018-11-03 -4.07
2018-08-04 -3.48
2018-05-05 -1.46
2018-02-03 7.72
2017-10-28 6.61
2017-07-29 6.69
2017-04-29 6.33
2017-01-28 7.13
2016-10-29 6.69
2016-07-30 6.57

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Signet Jewelers will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Signet Jewelers's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Signet Jewelers has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

SIG Past Performance

  How has Signet Jewelers performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Signet Jewelers's growth in the last year to its industry (Specialty Retail).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Signet Jewelers does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Signet Jewelers's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Signet Jewelers's 1-year growth to the US Specialty Retail industry average as it is not currently profitable.
Earnings and Revenue History
Signet Jewelers's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Signet Jewelers Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:SIG Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-05-04 6,221.00 -203.70 1,977.60
2019-02-02 6,269.90 -690.30 1,985.10
2018-11-03 6,643.60 -231.10 1,960.10
2018-08-04 6,608.80 -205.10 1,925.70
2018-05-05 6,588.30 -88.70 1,890.10
2018-02-03 6,511.10 486.40 1,860.20
2017-10-28 6,302.40 431.20 1,825.50
2017-07-29 6,331.70 458.10 1,835.80
2017-04-29 6,372.50 454.80 1,842.20
2017-01-28 6,690.90 531.30 1,851.80
2016-10-29 6,805.00 515.40 1,932.40
2016-07-30 6,835.20 515.60 1,931.10
2016-04-30 6,866.70 495.90 1,924.60
2016-01-30 6,802.80 467.90 1,908.70
2015-10-31 6,840.50 424.00 1,866.50
2015-08-01 6,802.00 407.70 1,858.60
2015-05-02 6,556.00 403.50 1,797.80
2015-01-31 5,954.20 381.30 1,712.90
2014-11-01 5,210.30 328.50 1,445.40
2014-08-02 4,803.80 363.40 1,301.50
2014-05-03 4,458.10 372.80 1,203.60
2014-02-01 4,395.60 368.00 1,196.70
2013-11-02 4,318.20 364.60 1,178.80
2013-08-03 4,263.00 365.90 1,168.00
2013-05-04 4,236.70 369.20 1,157.80
2013-02-02 4,143.10 359.90 1,138.30
2012-10-27 3,949.30 344.70 1,076.20
2012-07-28 3,943.60 335.90 1,073.20

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Signet Jewelers has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Signet Jewelers has efficiently used its assets last year compared to the US Specialty Retail industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Signet Jewelers improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Signet Jewelers's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Specialty Retail industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Signet Jewelers has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

SIG Health

 How is Signet Jewelers's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Signet Jewelers's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Signet Jewelers is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Signet Jewelers's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Signet Jewelers's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 4.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Signet Jewelers Company Filings, last reported 2 months ago.

NYSE:SIG Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-05-04 1,777.10 682.70 195.10
2019-02-02 1,816.90 728.40 195.40
2018-11-03 1,963.80 983.00 130.70
2018-08-04 2,014.50 782.50 134.10
2018-05-05 2,506.60 752.00 153.90
2018-02-03 3,113.40 732.20 225.10
2017-10-28 2,752.10 988.60 113.40
2017-07-29 2,789.30 1,644.70 119.10
2017-04-29 3,155.70 1,443.10 99.70
2017-01-28 3,102.10 1,409.00 98.70
2016-10-29 2,842.90 1,615.30 82.70
2016-07-30 2,879.90 1,572.90 118.70
2016-04-30 3,098.20 1,424.80 113.00
2016-01-30 3,060.70 1,378.70 137.70
2015-10-31 2,845.00 1,590.30 77.20
2015-08-01 2,872.20 1,431.00 159.80
2015-05-02 2,891.90 1,400.70 122.60
2015-01-31 2,810.40 1,460.10 193.60
2014-11-01 2,642.30 1,591.60 87.60
2014-08-02 2,683.90 1,408.50 215.00
2014-05-03 2,643.80 8.80 249.10
2014-02-01 2,563.10 19.30 247.60
2013-11-02 2,386.20 46.00 87.80
2013-08-03 2,372.60 1.70 212.90
2013-05-04 2,344.50 5.70 263.70
2013-02-02 2,329.90 0.00 301.00
2012-10-27 2,150.10 0.00 166.00
2012-07-28 2,111.00 0.00 237.50
  • Signet Jewelers's level of debt (38.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (1.5% vs 38.4% today).
  • Debt is well covered by operating cash flow (113.5%, greater than 20% of total debt).
  • Signet Jewelers is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Signet Jewelers's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Signet Jewelers has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

SIG Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
8.06%
Current annual income from Signet Jewelers dividends. Estimated to be 8.21% next year.
If you bought $2,000 of Signet Jewelers shares you are expected to receive $161 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Signet Jewelers's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
  • Signet Jewelers's dividend is above the markets top 25% of dividend payers in United States of America (3.72%).
Upcoming dividend payment

Purchase Signet Jewelers before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:SIG Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
United States of America Specialty Retail Industry Average Dividend Yield Market Cap Weighted Average of 40 Stocks 2.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2017 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:SIG Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-01-31 1.59 2.00
2021-01-31 1.51 5.00
2020-01-31 1.48 5.00
NYSE:SIG Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-06-06 1.480 8.242
2019-01-17 1.480 6.142
2018-12-07 1.480 4.508
2018-12-06 1.480 3.724
2018-06-06 1.480 2.527
2018-04-02 1.480 3.758
2018-03-14 1.480 3.853
2017-12-01 1.240 2.369
2017-11-21 1.240 2.376
2017-08-29 1.240 1.877
2017-08-24 1.240 1.995
2017-03-09 1.240 2.029
2017-01-11 1.040 1.399
2016-11-29 1.040 1.118
2016-11-22 1.040 1.126
2016-08-31 1.040 1.283
2016-08-25 1.040 1.281
2016-02-29 1.040 1.058
2016-01-07 0.880 0.794
2015-12-04 0.880 0.723
2015-11-24 0.880 0.669
2015-06-16 0.880 0.662
2015-06-03 0.880 0.672
2015-05-28 0.880 0.674
2015-03-26 0.880 0.647
2015-01-08 0.720 0.588
2014-08-26 0.720 0.601
2014-06-16 0.720 0.669
2014-03-27 0.720 0.698
2014-01-09 0.600 0.698
2013-09-04 0.600 0.807
2013-06-18 0.600 0.850
2013-03-28 0.600 0.877
2013-01-08 0.480 0.779
2012-09-07 0.480 0.927
2012-06-19 0.480 1.073
2012-03-22 0.480 1.042
2012-01-10 0.400 0.850
2011-11-22 0.400 0.908
2011-08-25 0.400 1.020
2010-05-27 0.000 0.000
2010-03-30 0.000 0.000
2010-03-26 0.000 0.000
2010-03-25 0.000 0.000
2009-11-24 0.000 0.000
2009-03-25 0.000 0.000
2008-09-03 0.384 3.890

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Signet Jewelers's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.9x coverage).
X
Income/ dividend checks
We assess Signet Jewelers's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Signet Jewelers afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Signet Jewelers has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

SIG Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Gina Drosos
COMPENSATION $8,896,303
AGE 56
TENURE AS CEO 1.9 years
CEO Bio

Ms. Virginia C. Drosos, also known as Gina, has been the Chief Executive Officer of Signet Jewelers Limited (Formerly, Signet Group PLC) since August 1, 2017. Ms. Drosos served as the President of Assurex Health, Inc., a subsidiary of Myriad Genetics, Inc. since August 31, 2016 until August 30, 2017. She served as the President of AssureRx Health, Inc. (formerly, Assurex Health) from August 2013 to August 2016 and has been its Chief Executive Officer since July 2014 to August 2016. She served as Group President of Global Beauty, Skin, Cosmetics and Personal Care of Procter & Gamble Company since August 2011. She served as Group President of Global Female Beauty and Grooming at The Procter & Gamble Company since 2010 and served as its President of Global Personal Beauty since 2007. She has held positions of increasing responsibility at Procter & Gamble. She has more than 25 years of global business leadership, innovation, operations and consumer marketing experience. During her 25-year career at P&G, Ms. Drosos held positions of increasing responsibility, and as Group President, led a business unit with $6 billion in sales. Before joining Assurex Health, Ms. Drosos worked at The Procter & Gamble Company (P&G) from June 1987 to September 2012 where she held the position of Group President for Global Beauty Care. She also led strategy, innovation, investment planning and operations for all geographic regions and for over 20 brands, 22 manufacturing sites and more than 6,000 employees. During her tenure, she successfully globalized the business with expansions into international markets including over 100 brand/country combinations. Ms. Drosos has been a Director of Signet Jewelers Limited since July 25, 2012. Ms. Drosos has been an Independent Director of American Financial Group Inc. since February 21, 2013. Ms. Drosos serves as a Director of AssureRx Health, Inc. Ms. Drosos is also on the Board of Directors of Cosmetic Executive Women ("CEW") and serves as Chair of the Foundation board where she helped develop a strategy to substantially increase CEW's Cancer and Careers program reach and funding. Ms. Drosos recognized as one of Fortune's 50 Most Powerful Women in Business in 2010 and 2011. Ms. Drosos holds Bachelor of Business Administration from The Terry School, University of Georgia in 1985 and Master of Business Administration from Wharton School, University of Pennsylvania in 1987.

CEO Compensation
  • Gina's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Gina's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Signet Jewelers management team in years:

1.8
Average Tenure
56
Average Age
  • The average tenure for the Signet Jewelers management team is less than 2 years, this suggests a new team.
Management Team

Gina Drosos

TITLE
CEO & Director
COMPENSATION
$9M
AGE
56
TENURE
1.9 yrs

Lynn Dennison

TITLE
Chief Legal & Transformation Officer and Corporate Secretary
COMPENSATION
$2M
AGE
54
TENURE
4.6 yrs

Liz Finn

TITLE
Chief People Officer
COMPENSATION
$1M
AGE
58
TENURE
1.2 yrs

Joan Hilson

TITLE
Chief Financial Officer
TENURE
0.3 yrs

Howard Melnick

TITLE
Chief Information Officer
AGE
57
TENURE
2.5 yrs

Randi Abada

TITLE
Senior Vice President of Corporate Finance Strategy & Investor Relations

Carol Schumacher

TITLE
Chief Communications Officer
TENURE
1.4 yrs

William Brace

TITLE
Chief Marketing Officer & Executive VP of Jared

Oded Edelman

TITLE
President of JamesAllen.com & Chief Digital Innovation Advisor
COMPENSATION
$3M
AGE
52
TENURE
1.8 yrs

Suzanne Shane

TITLE
Senior Vice President of In-House Credit Operations & Customer Care
Board of Directors Tenure

Average tenure and age of the Signet Jewelers board of directors in years:

2.4
Average Tenure
59
Average Age
  • The average tenure for the Signet Jewelers board of directors is less than 3 years, this suggests a new board.
Board of Directors

Howard Stitzer

TITLE
Non-Executive Chairman
COMPENSATION
$501K
AGE
67
TENURE
7.1 yrs

Gina Drosos

TITLE
CEO & Director
COMPENSATION
$9M
AGE
56

Eugenia Ulasewicz

TITLE
Independent Non-Executive Director
COMPENSATION
$266K
AGE
65
TENURE
5.8 yrs

Helen McCluskey

TITLE
Independent Director
COMPENSATION
$266K
AGE
64
TENURE
5.9 yrs

Sharon McCollam

TITLE
Independent Director
COMPENSATION
$295K
AGE
56
TENURE
1.3 yrs

Nancy Reardon

TITLE
Independent Director
COMPENSATION
$290K
AGE
66
TENURE
1.3 yrs

Jon Sokoloff

TITLE
Independent Director
COMPENSATION
$246K
AGE
62
TENURE
2.8 yrs

Brian Tilzer

TITLE
Independent Director
COMPENSATION
$246K
AGE
48
TENURE
2.4 yrs

R. Graf

TITLE
Independent Director
COMPENSATION
$246K
AGE
55
TENURE
2 yrs

Zack Hicks

TITLE
Independent Director
COMPENSATION
$116K
AGE
55
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Signet Jewelers's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Signet Jewelers has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

SIG News

Simply Wall St News

Estimating The Intrinsic Value Of Signet Jewelers Limited (NYSE:SIG)

Today, we will estimate the stock's intrinsic value by taking the foreast future cash flows of the company and discounting them back to today's value. … A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we need to discount the sum of these future cash flows to arrive at a present value estimate: 10-year free cash flow (FCF) forecast 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Levered FCF ($, Millions) $273.0m $186.6m $139.1m $115.4m $102.6m $95.5m $91.7m $89.8m $89.3m $89.7m Growth Rate Estimate Source Analyst x3 Analyst x3 Est @ -25.46% Est @ -17% Est @ -11.08% Est @ -6.94% Est @ -4.04% Est @ -2.01% Est @ -0.59% Est @ 0.41% Present Value ($, Millions) Discounted @ 14.65% $238.1 $141.9 $92.3 $66.8 $51.8 $42.1 $35.2 $30.1 $26.1 $22.8 ("Est" = FCF growth rate estimated by Simply Wall St) Present Value of 10-year Cash Flow (PVCF)= $747.2m After calculating the present value of future cash flows in the intial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. … Terminal Value (TV) = FCF2029 × (1 + g) ÷ (r – g) = US$90m × (1 + 2.7%) ÷ (14.7% – 2.7%) = US$773m Present Value of Terminal Value (PVTV) = TV / (1 + r)10 = $US$773m ÷ ( 1 + 14.7%)10 = $196.91m The total value is the sum of cash flows for the next ten years plus the discounted terminal value, which results in the Total Equity Value, which in this case is $944.14m.

Simply Wall St -

Read This Before Selling Signet Jewelers Limited (NYSE:SIG) Shares

So before you buy or sell Signet Jewelers Limited (NYSE:SIG), you may well want to know whether insiders have been buying or selling. … Signet Jewelers Insider Transactions Over The Last Year. … Over the last year, we can see that the biggest insider purchase was by CEO & Director Virginia Drosos for US$350k worth of shares, at about US$39.24 per share.

Simply Wall St -

Is Signet Jewelers Limited's (NYSE:SIG) Balance Sheet A Threat To Its Future?

Signet Jewelers Limited (NYSE:SIG) is a small-cap stock with a market capitalization of US$1.8b. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … So, understanding the company's financial health becomes

Simply Wall St -

Are Insiders Buying Signet Jewelers Limited (NYSE:SIG) Stock?

So before you buy or sell Signet Jewelers Limited (NYSE:SIG), you may well want to know whether insiders have been buying or selling. … Signet Jewelers Insider Transactions Over The Last Year. … In the last twelve months there was more buying than selling by Signet Jewelers insiders

Simply Wall St -

How Signet Jewelers Limited (NYSE:SIG) Could Add Value To Your Portfolio

I've been keeping an eye on Signet Jewelers Limited (NYSE:SIG) because I'm attracted to its fundamentals. … Looking at the company as a whole, as a potential stock investment, I believe SIG has a lot to offer. … For those interested in understanding where the figures come from and want to see the analysis,

Simply Wall St -

What Does Signet Jewelers Limited's (NYSE:SIG) Share Price Indicate?

Signet Jewelers Limited (NYSE:SIG), a specialty retail company based in Bermuda,. … received a lot of attention from a substantial price increase on the NYSE over the last few months. … With many analysts covering the mid-cap stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price?

Simply Wall St -

Is Signet Jewelers Limited (NYSE:SIG) A Financially Strong Company?

Small-cap and large-cap companies receive a lot of attention from investors, but mid-cap stocks like Signet Jewelers Limited (NYSE:SIG), with a market cap of US$3.65b, are often out of the spotlight. … Despite this, the two other categories have lagged behind the risk-adjusted returns of commonly ignored mid-cap stocks. … SIG’s financial liquidity and debt position will be analysed in this article, to get an idea of whether the company can fund opportunities for strategic growth and maintain strength through economic downturns.

Simply Wall St -

Is There An Opportunity With Signet Jewelers Limited's (NYSE:SIG) 44.23% Undervaluation?

In this article I am going to calculate the intrinsic value of Signet Jewelers Limited (NYSE:SIG). … by taking the expected future cash flows and discounting them to today's value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model

Simply Wall St -

With An ROE Of 16.68%, Has Signet Jewelers Limited's (NYSE:SIG) Management Done Well?

For now, let’s just look at the cost of equity number for Signet Jewelers, which is 9.81%. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity NYSE:SIG Last Perf Jun 5th 18 The first component is profit margin, which measures how much of sales is retained after the company pays for all its expenses. … This means Signet Jewelers has not taken on leverage, and its above-average ROE is driven by its ability to grow its profit without a huge debt burden.

Simply Wall St -

Signet Jewelers Limited's (NYSE:SIG) Earnings Dropped -7.57%, Did Its Industry Show Weakness Too?

For Signet Jewelers, its latest earnings (trailing twelve month) is US$486.40M, which, in comparison to the previous year's level, has plunged by -7.57%. … Let's take a look at if it is merely due to an industry uplift, or if Signet Jewelers has experienced some company-specific growth. … I recommend you continue to research Signet Jewelers to get a better picture of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for SIG’s future growth?

Simply Wall St -

SIG Company Info

Description

Signet Jewelers Limited engages in the retail sale of diamond jewelry, watches, and other products. As of February 02, 2019, it operated 3,334 stores and kiosks. The company operates through three segments: North America, International, and Other. The North America segment operates stores in malls and off-mall locations primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Jewelers, Zales Outlet, Piercing Pagoda, Peoples Jewellers, Gordon’s Jewelers, and Mappins Jewellers regional banners; and JamesAllen.com, an online jewelry retailer Website. This segment operated 2,729 locations in the United States and 128 locations in Canada. The International segment operates stores in shopping malls and off-mall locations, principally under the H.Samuel and Ernest Jones brands. This segment operated 477 stores in the United Kingdom, the Republic of Ireland, and the Channel Islands. The Other segment is involved in the purchase and conversion of rough diamonds to polished stones, as well as provision of diamond polishing services. Signet Jewelers Limited was founded in 1950 and is based in Hamilton, Bermuda.

Details
Name: Signet Jewelers Limited
SIG
Exchange: NYSE
Founded: 1950
$958,750,819
52,191,117
Website: http://www.signetjewelers.com
Address: Signet Jewelers Limited
Clarendon House,
2 Church Street,
Hamilton,
HM11,
Bermuda
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE SIG Common Shares New York Stock Exchange US USD 13. Jul 1988
DB SZ2 Common Shares Deutsche Boerse AG DE EUR 13. Jul 1988
Number of employees
Current staff
Staff numbers
22,989
Signet Jewelers employees.
Industry
Specialty Stores
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/18 00:29
End of day share price update: 2019/07/17 00:00
Last estimates confirmation: 2019/06/14
Last earnings filing: 2019/06/06
Last earnings reported: 2019/05/04
Last annual earnings reported: 2019/02/02


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.