NYSE:SSI

Stock Analysis Report

Executive Summary

Stage Stores, Inc. operates specialty department stores primarily in small towns and rural communities in the United States.

Risk Analysis

Earnings have declined by -64.7% per year over past 5 years

Has less than 1 year of cash runway

Currently unprofitable and not forecast to become profitable over the next 3 years

Highly volatile share price over past 3 months

+ 2 more risks


Snowflake Analysis

Imperfect balance sheet and overvalued.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-60.2%

SSI

0.2%

US Specialty Retail

1.7%

US Market


1 Year Return

230.7%

SSI

20.7%

US Specialty Retail

23.2%

US Market

Return vs Industry: SSI exceeded the US Specialty Retail industry which returned 23.7% over the past year.

Return vs Market: SSI exceeded the US Market which returned 24.7% over the past year.


Shareholder returns

SSIIndustryMarket
7 Day-60.2%0.2%1.7%
30 Day-50.0%0.6%4.2%
90 Day36.0%7.1%11.9%
1 Year230.7%230.7%22.7%20.7%25.8%23.2%
3 Year10.3%-12.6%45.9%38.5%52.8%42.9%
5 Year-80.3%-86.6%48.5%36.0%75.2%55.8%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

0.51x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate SSI's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate SSI's fair value to establish if it is undervalued.


Price To Earnings Ratio

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

PE vs Market: SSI 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 SSI's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SSI is good value based on its PB Ratio (0.6x) compared to the US Specialty Retail industry average (1.5x).


Next Steps

Future Growth

How is Stage Stores forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

12.5%

Forecasted Retail industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Stage Stores has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Stage Stores performed over the past 5 years?

-64.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SSI is currently unprofitable.

Growing Profit Margin: SSI is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SSI is unprofitable, and losses have increased over the past 5 years at a rate of -64.7% per year.

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

Earnings vs Industry: SSI is unprofitable, making it difficult to compare its past year earnings growth to the Specialty Retail industry (4.5%).


Return on Equity

High ROE: SSI has a negative Return on Equity (-58.16%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Stage Stores's financial position?


Financial Position Analysis

Short Term Liabilities: SSI's short term assets ($651.5M) exceed its short term liabilities ($343.8M).

Long Term Liabilities: SSI's short term assets ($651.5M) do not cover its long term liabilities ($666.4M).


Debt to Equity History and Analysis

Debt Level: SSI's debt to equity ratio (223.3%) is considered high.

Reducing Debt: SSI's debt to equity ratio has increased from 29.1% to 223.3% over the past 5 years.


Balance Sheet

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

Debt Coverage by Assets: SSI's debt is covered by short term assets (assets are 1.8x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: SSI has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: SSI has less than a year of cash runway if free cash flow continues to reduce at historical rates of -86.9% each year


Next Steps

Dividend

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


Dividend Yield vs Market

company0%marketbottom25%1.4%markettop25%3.6%industryaverage1.8%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

High Dividend: Unable to evaluate SSI'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 SSI's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: SSI is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SSI'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 Stage Stores's salary, the management and board of directors tenure and is there insider trading?

5.8yrs

Average management tenure


CEO

Michael Glazer (70yo)

7.8yrs

Tenure

US$3,005,197

Compensation

Mr. Michael L. Glazer has been the Chief Executive Officer and President of Stage Stores Inc. since April 19, 2012. Mr. Glazer served as the Interim President and Interim Chief Executive Officer of Stage S ...


CEO Compensation Analysis

Compensation vs Market: Michael's total compensation ($USD3.01M) is above average for companies of similar size in the US market ($USD519.76K).

Compensation vs Earnings: Michael's compensation has increased whilst the company is unprofitable.


Management Age and Tenure

5.8yrs

Average Tenure

48yo

Average Age

Experienced Management: SSI's management team is seasoned and experienced (5.8 years average tenure).


Board Age and Tenure

9.5yrs

Average Tenure

66yo

Average Age

Experienced Board: SSI's board of directors are considered experienced (9.5 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

BuyUS$30,81002 Oct 19
Russell Lundy
EntityIndividual
Role
Senior Key Executive
Chief Stores Officer & Executive VP
Shares20,000
Max PriceUS$1.54
BuyUS$37,60001 Oct 19
Russell Lundy
EntityIndividual
Role
Senior Key Executive
Chief Stores Officer & Executive VP
Shares20,000
Max PriceUS$1.88
BuyUS$227,41223 Sep 19
Thorsten Weber
EntityIndividual
Role
Senior Key Executive
Executive VP & Chief Merchandising Officer
Shares229,500
Max PriceUS$0.99
SellUS$9,55409 Apr 19
Russell Lundy
EntityIndividual
Role
Senior Key Executive
Chief Stores Officer & Executive VP
Shares9,000
Max PriceUS$1.06

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.3%.


Management Team

  • Michael Glazer (70yo)

    CEO, President & Director

    • Tenure: 7.8yrs
    • Compensation: US$3.01m
  • Russ Lundy (56yo)

    Chief Stores Officer & Executive VP

    • Tenure: 16.2yrs
  • Bob Bernard (64yo)

    President of South Hill Division and Chief Operating Officer of South Hill Division

    • Tenure: 10yrs
  • Thorsten Weber (48yo)

    Executive VP & Chief Merchandising Officer

    • Tenure: 6.5yrs
    • Compensation: US$1.25m
  • Amy Gray (48yo)

    Chief Human Resources Officer & Executive VP

    • Tenure: 5.8yrs
  • Steven Williams (54yo)

    Chief Information Officer & Executive VP

    • Tenure: 2.6yrs
  • Jason Curtis (43yo)

    Executive VP

    • Tenure: 1.4yrs
  • Alysha Tawney

    Manager of Strategy & Investor Relations

    • Jennifer Costa (47yo)

      Senior VP

      • Tenure: 1.1yrs
    • Gina Lampman (39yo)

      Chief Accounting Officer

      • Tenure: 0.6yrs

    Board Members

    • Earl Hesterberg (65yo)

      Independent Director

      • Tenure: 9.5yrs
      • Compensation: US$192.43k
    • Michael Glazer (70yo)

      CEO, President & Director

      • Tenure: 7.8yrs
      • Compensation: US$3.01m
    • Elaine Crowley (60yo)

      Independent Director

      • Tenure: 5.6yrs
      • Compensation: US$207.43k
    • Lisa Kranc (66yo)

      Independent Director

      • Tenure: 7.3yrs
      • Compensation: US$192.43k
    • William Montgoris (73yo)

      Independent Chairman of the Board

      • Tenure: 9.6yrs
      • Compensation: US$306.43k
    • Alan Barocas (70yo)

      Independent Director

      • Tenure: 13yrs
      • Compensation: US$187.43k
    • Diane Ellis (61yo)

      Independent Director

      • Tenure: 7.3yrs
      • Compensation: US$187.43k

    Company Information

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


    Key Information

    • Name: Stage Stores, Inc.
    • Ticker: SSI
    • Exchange: NYSE
    • Founded: 1988
    • Industry: Apparel Retail
    • Sector: Retail
    • Market Cap: US$84.132m
    • Shares outstanding: 28.91m
    • Website: https://corporate.stage.com

    Number of Employees


    Location

    • Stage Stores, Inc.
    • 2425 West Loop South
    • Houston
    • Texas
    • 77027
    • United States

    Listings

    TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
    SSINYSE (New York Stock Exchange)YesCommon StockUSUSDNov 2001
    SZ6DB (Deutsche Boerse AG)YesCommon StockDEEURNov 2001

    Biography

    Stage Stores, Inc. operates specialty department stores primarily in small towns and rural communities in the United States. The company sells moderately priced and brand name apparel, accessories, cosmetics, footwear, and home goods through its department stores, off-price stores, and e-commerce Website, as well as through private label credit card and loyalty programs. As of September 17, 2019, it operated 625 BEALLS, GOODY'S, PALAIS ROYAL, PEEBLES, and STAGE specialty department stores; and 158 GORDMANS off-price stores. The company was founded in 1988 and is headquartered in Houston, Texas. 


    Company Analysis and Financial Data Status

    All financial data provided by Standard & Poor's Capital IQ.
    DataLast Updated (UTC time)
    Company Analysis2020/01/17 01:37
    End of Day Share Price2020/01/16 00:00
    Earnings2019/11/02
    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.