STEVEN MADDEN, LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 41.37 USD | -0.60% |
|
+4.50% | -1.50% |
| May. 02 | UBS Adjusts Price Target on Steven Madden to $46 From $51, Maintains Neutral Rating | MT |
| May. 01 | Steven Madden's Q1 Adjusted Earnings, Net Sales Increase | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,617 | 2,938 | 3,782 | 2,489 | 3,134 | 3,036 | - | - |
| Enterprise Value (EV) 1 | 3,312 | 2,690 | 3,563 | 2,214 | 3,134 | 2,897 | 2,846 | 2,786 |
| P/E ratio | 25.4 x | -154 x | 19.9 x | 11.5 x | 18.3 x | 15.9 x | 13.9 x | 12.2 x |
| Yield | 1.33% | 0.42% | 1.29% | 2.63% | 2% | 2.17% | 2.27% | 2.38% |
| Capitalization / Revenue | 2.05 x | 2.47 x | 2.04 x | 1.18 x | 1.58 x | 1.36 x | 1.29 x | 1.23 x |
| EV / Revenue | 1.87 x | 2.26 x | 1.92 x | 1.05 x | 1.58 x | 1.3 x | 1.21 x | 1.12 x |
| EV / EBITDA | 15 x | 32.7 x | 12.9 x | 7.3 x | 12.8 x | 11 x | 9.69 x | 8.42 x |
| EV / FCF | 15.4 x | 71.5 x | 23.3 x | 8.8 x | - | 15 x | 12.7 x | 11.8 x |
| FCF Yield | 6.5% | 1.4% | 4.29% | 11.4% | - | 6.65% | 7.86% | 8.47% |
| Price to Book | - | 3.76 x | 4.61 x | 2.95 x | 3.73 x | 3.33 x | 2.96 x | 2.74 x |
| Nbr of stocks (in thousands) | 84,097 | 83,192 | 81,393 | 77,883 | 74,608 | 73,378 | - | - |
| Reference price 2 | 43.01 | 35.32 | 46.47 | 31.96 | 42.00 | 41.37 | 41.37 | 41.37 |
| Announcement Date | 2/27/20 | 2/25/21 | 2/24/22 | 2/23/23 | 2/28/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,768 | 1,189 | 1,854 | 2,111 | 1,982 | 2,228 | 2,352 | 2,477 |
| EBITDA 1 | 220.8 | 82.38 | 277.1 | 303.1 | 244 | 264.1 | 293.6 | 330.9 |
| EBIT 1 | 199.4 | 65.02 | 261.9 | 282.6 | 228.5 | 245.2 | 274.9 | 309.1 |
| Operating Margin | 11.28% | 5.47% | 14.13% | 13.38% | 11.53% | 11.01% | 11.69% | 12.48% |
| Earnings before Tax (EBT) 1 | - | -29.98 | - | 282.3 | 220.6 | 247 | 269.3 | 299.8 |
| Net income 1 | 141.3 | -18.4 | - | 216.1 | 171.6 | 187 | 205.9 | 229.6 |
| Net margin | 7.99% | -1.55% | - | 10.23% | 8.66% | 8.39% | 8.75% | 9.27% |
| EPS 2 | 1.690 | -0.2300 | 2.340 | 2.770 | 2.300 | 2.594 | 2.972 | 3.403 |
| Free Cash Flow 1 | 215.5 | 37.64 | 152.9 | 251.5 | - | 192.7 | 223.7 | 235.9 |
| FCF margin | 12.19% | 3.17% | 8.25% | 11.91% | - | 8.65% | 9.51% | 9.53% |
| FCF Conversion (EBITDA) | 97.61% | 45.7% | 55.17% | 82.97% | - | 72.95% | 76.2% | 71.29% |
| FCF Conversion (Net income) | 152.48% | - | - | 116.42% | - | 103.05% | 108.65% | 102.77% |
| Dividend per Share 2 | 0.5700 | 0.1500 | 0.6000 | 0.8400 | 0.8400 | 0.8989 | 0.9374 | 0.9864 |
| Announcement Date | 2/27/20 | 2/25/21 | 2/24/22 | 2/23/23 | 2/28/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 575.1 | 559.7 | 532.7 | 553.1 | 468.2 | 463.8 | 442.8 | 552.7 | 519.7 | 552.4 | 518.3 | 611.7 | 545.1 | 590.4 | 546.6 |
| EBITDA 1 | 90.48 | 99.65 | 72.2 | 83.91 | 47.38 | 51.06 | 48.43 | 87.24 | 57.32 | 65.6 | 53.33 | 92.35 | 55.31 | 73.5 | 59.35 |
| EBIT 1 | 86.88 | 94.43 | 66.95 | 78.96 | 42.23 | 47.69 | 44.54 | 83.36 | 52.96 | 60.97 | 48.39 | 86.04 | 50.49 | 65.37 | 51.87 |
| Operating Margin | 15.11% | 16.87% | 12.57% | 14.27% | 9.02% | 10.28% | 10.06% | 15.08% | 10.19% | 11.04% | 9.34% | 14.07% | 9.26% | 11.07% | 9.49% |
| Earnings before Tax (EBT) 1 | 78.9 | 97.95 | 63.95 | 80.09 | 40.33 | 48.53 | 46 | 84.66 | 41.43 | 58.3 | 42.4 | 91.8 | 54.8 | 64.2 | 51.2 |
| Net income 1 | 65.99 | 74.51 | 48.46 | 61.3 | 31.79 | 36.73 | 34.53 | 64.41 | 35.88 | 43.93 | 32.5 | 71.1 | 41.1 | 49.4 | 39.4 |
| Net margin | 11.47% | 13.31% | 9.1% | 11.08% | 6.79% | 7.92% | 7.8% | 11.65% | 6.9% | 7.95% | 6.27% | 11.62% | 7.54% | 8.37% | 7.21% |
| EPS 2 | 0.8100 | 0.9400 | 0.6200 | 0.7900 | 0.4200 | 0.4800 | 0.4600 | 0.8700 | 0.4900 | 0.6000 | 0.5059 | 0.9104 | 0.5574 | 0.6800 | 0.5400 |
| Dividend per Share 2 | 0.1500 | 0.2100 | 0.2100 | 0.2100 | 0.2100 | 0.2100 | 0.2100 | 0.2100 | 0.2100 | - | 0.2281 | 0.2281 | 0.2281 | 0.2236 | 0.2236 |
| Announcement Date | 2/24/22 | 4/27/22 | 7/27/22 | 11/2/22 | 2/23/23 | 5/9/23 | 8/2/23 | 11/8/23 | 2/28/24 | 5/1/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 305 | 248 | 219 | 275 | - | 139 | 189 | 250 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 215 | 37.6 | 153 | 252 | - | 193 | 224 | 236 |
| ROE (net income / shareholders' equity) | - | 6.46% | 25.6% | 26.6% | - | 22.1% | 23.7% | 24.1% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share 2 | - | 9.400 | 10.10 | 10.80 | 11.30 | 12.40 | 14.00 | 15.10 |
| Cash Flow per Share 2 | - | - | - | 3.430 | - | 3.130 | 3.450 | 3.770 |
| Capex 1 | 18.3 | 6.56 | 6.61 | 16.4 | - | 21.7 | 19.9 | 21.4 |
| Capex / Sales | 1.04% | 0.55% | 0.36% | 0.77% | - | 0.97% | 0.85% | 0.86% |
| Announcement Date | 2/27/20 | 2/25/21 | 2/24/22 | 2/23/23 | 2/28/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B-
Sell
Buy
Mean consensus
HOLD
Number of Analysts
9
Last Close Price
41.37
USD
Average target price
44
USD
Spread / Average Target
+6.36%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -1.50% | 3.04B | |
| +60.69% | 1.53B | |
| -42.42% | 183M |
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