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SIG

Signet Jewelers NYSE:SIG Stock Report

Last Price

US$67.67

Market Cap

US$3.1b

7D

10.4%

1Y

6.9%

Updated

08 Aug, 2022

Data

Company Financials +
SIG fundamental analysis
Snowflake Score
Valuation6/6
Future Growth2/6
Past Performance5/6
Financial Health6/6
Dividends3/6

SIG Stock Overview

Signet Jewelers Limited operates as a diamond jewelry retailer.

Signet Jewelers Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Signet Jewelers
Historical stock prices
Current Share PriceUS$67.67
52 Week HighUS$111.92
52 Week LowUS$48.31
Beta2.31
1 Month Change21.53%
3 Month Change4.46%
1 Year Change6.90%
3 Year Change415.39%
5 Year Change20.20%
Change since IPO-19.60%

Recent News & Updates

Jul 22
Here's Why We Think Signet Jewelers (NYSE:SIG) Might Deserve Your Attention Today

Here's Why We Think Signet Jewelers (NYSE:SIG) Might Deserve Your Attention Today

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

Shareholder Returns

SIGUS Specialty RetailUS Market
7D10.4%4.4%1.1%
1Y6.9%-29.6%-13.0%

Return vs Industry: SIG exceeded the US Specialty Retail industry which returned -30.9% over the past year.

Return vs Market: SIG exceeded the US Market which returned -12.9% over the past year.

Price Volatility

Is SIG's price volatile compared to industry and market?
SIG volatility
SIG Average Weekly Movement9.7%
Specialty Retail Industry Average Movement8.8%
Market Average Movement7.9%
10% most volatile stocks in US Market17.1%
10% least volatile stocks in US Market3.2%

Stable Share Price: SIG is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: SIG's weekly volatility (10%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a30,856Gina Drososhttps://www.signetjewelers.com

Signet Jewelers Limited operates as a diamond jewelry retailer. It operates through three segments: North America, International, and Other. The North America segment operates jewelry stores in jewelry stores in malls, mall-based kiosks, and off-mall locations in the United States and Canada primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Jewelers, Zales Outlet, Diamonds Direct, James Allen, Banter by Piercing Pagoda, and Peoples Jewellers names, as well as operates online through JamesAllen.com and Rocksbox.

Signet Jewelers Fundamentals Summary

How do Signet Jewelers's earnings and revenue compare to its market cap?
SIG fundamental statistics
Market CapUS$3.15b
Earnings (TTM)US$513.50m
Revenue (TTM)US$7.98b

6.1x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SIG income statement (TTM)
RevenueUS$7.98b
Cost of RevenueUS$4.84b
Gross ProfitUS$3.14b
Other ExpensesUS$2.62b
EarningsUS$513.50m

Last Reported Earnings

Apr 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)11.04
Gross Margin39.33%
Net Profit Margin6.44%
Debt/Equity Ratio7.7%

How did SIG perform over the long term?

See historical performance and comparison

Dividends

1.2%

Current Dividend Yield

7%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

6/6

Valuation Score 6/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

SIG key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.5x
Enterprise Value/EBITDA4.4x
PEG Ratio1.8x

Price to Earnings Ratio vs Peers

How does SIG's PE Ratio compare to its peers?

SIG PE Ratio vs Peers
The above table shows the PE ratio for SIG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average18.1x
EYE National Vision Holdings
22.7x8.8%US$2.6b
LESL Leslie's
20.3x12.8%US$3.0b
ASO Academy Sports and Outdoors
5.9x3.5%US$3.8b
WOOF Petco Health and Wellness Company
23.4x14.3%US$4.2b
SIG Signet Jewelers
6.1x3.5%US$3.1b

Price-To-Earnings vs Peers: SIG is good value based on its Price-To-Earnings Ratio (6.1x) compared to the peer average (18.1x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: SIG is good value based on its Price-To-Earnings Ratio (6.1x) compared to the US Specialty Retail industry average (6.4x)


Price to Earnings Ratio vs Fair Ratio

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

SIG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.1x
Fair PE Ratio12.6x

Price-To-Earnings vs Fair Ratio: SIG is good value based on its Price-To-Earnings Ratio (6.1x) compared to the estimated Fair Price-To-Earnings Ratio (12.6x).


Share Price vs Fair Value

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

Below Fair Value: SIG ($67.67) is trading below our estimate of fair value ($159.52)

Significantly Below Fair Value: SIG is trading below fair value by more than 20%.


Analyst Price Targets

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

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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Future Growth

How is Signet Jewelers forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


3.5%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SIG's forecast earnings growth (3.5% per year) is above the savings rate (1.9%).

Earnings vs Market: SIG's earnings (3.5% per year) are forecast to grow slower than the US market (12.8% per year).

High Growth Earnings: SIG's earnings are forecast to grow, but not significantly.

Revenue vs Market: SIG's revenue is expected to decline over the next 3 years (-0.6% per year).

High Growth Revenue: SIG's revenue is forecast to decline over the next 3 years (-0.6% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SIG's Return on Equity is forecast to be high in 3 years time (35%)


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Past Performance

How has Signet Jewelers performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


17.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SIG has a large one-off loss of $206.1M impacting its April 30 2022 financial results.

Growing Profit Margin: SIG's current net profit margins (6.4%) are higher than last year (4.7%).


Past Earnings Growth Analysis

Earnings Trend: SIG's earnings have grown by 17.5% per year over the past 5 years.

Accelerating Growth: SIG's earnings growth over the past year (81.6%) exceeds its 5-year average (17.5% per year).

Earnings vs Industry: SIG earnings growth over the past year (81.6%) exceeded the Specialty Retail industry 30.3%.


Return on Equity

High ROE: SIG's Return on Equity (28.7%) is considered high.


Discover strong past performing companies

Financial Health

How is Signet Jewelers's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: SIG's short term assets ($3.5B) exceed its short term liabilities ($2.1B).

Long Term Liabilities: SIG's short term assets ($3.5B) exceed its long term liabilities ($2.2B).


Debt to Equity History and Analysis

Debt Level: SIG has more cash than its total debt.

Reducing Debt: SIG's debt to equity ratio has reduced from 19.5% to 7.7% over the past 5 years.

Debt Coverage: SIG's debt is well covered by operating cash flow (653.1%).

Interest Coverage: SIG's interest payments on its debt are well covered by EBIT (54.2x coverage).


Balance Sheet


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Dividend

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

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


1.18%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: SIG's dividend (1.18%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.52%).

High Dividend: SIG's dividend (1.18%) is low compared to the top 25% of dividend payers in the US market (4.1%).


Stability and Growth of Payments

Stable Dividend: SIG's dividend payments have been volatile in the past 10 years.

Growing Dividend: SIG's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (7.4%), SIG's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (4.5%), SIG's dividend payments are thoroughly covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

3.4yrs

Average management tenure


CEO

Gina Drosos (59 yo)

5yrs

Tenure

US$12,953,460

Compensation

Ms. Virginia C. Drosos, also known as Gina, serves as Independent Director of Foot Locker, Inc. since February 02, 2022. She has been the Chief Executive Officer of Signet Jewelers Limited (Formerly, Signe...


CEO Compensation Analysis

Compensation vs Market: Gina's total compensation ($USD12.95M) is above average for companies of similar size in the US market ($USD6.58M).

Compensation vs Earnings: Gina's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: SIG's management team is considered experienced (3.4 years average tenure).


Board Members

Experienced Board: SIG's board of directors are considered experienced (4.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: SIG 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

Signet Jewelers Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Signet Jewelers Limited
  • Ticker: SIG
  • Exchange: NYSE
  • Founded: NaN
  • Industry: Specialty Stores
  • Sector: Retail
  • Implied Market Cap: US$3.148b
  • Shares outstanding: 46.51m
  • Website: https://www.signetjewelers.com

Number of Employees


Location

  • Signet Jewelers Limited
  • Clarendon House
  • 2 Church Street
  • Hamilton
  • HM11
  • Bermuda

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/08 00:00
End of Day Share Price2022/08/08 00:00
Earnings2022/04/30
Annual Earnings2022/01/29


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.