Financials Skechers U.S.A., Inc.

Equities

SKX

US8305661055

Footwear

Market Closed - Nyse 04:00:02 2024-04-26 pm EDT 5-day change 1st Jan Change
65.41 USD +11.20% Intraday chart for Skechers U.S.A., Inc. +15.95% +4.92%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 6,770 5,648 6,764 6,506 9,599 10,213 - -
Enterprise Value (EV) 1 6,067 5,012 6,210 6,230 8,711 9,249 8,687 8,406
P/E ratio 19.2 x 56.2 x 9.18 x 17.6 x 17.9 x 16 x 13.6 x 10.2 x
Yield - - - - - - 0.1% 0.27%
Capitalization / Revenue 1.3 x 1.23 x 1.08 x 0.87 x 1.2 x 1.15 x 1.05 x 0.95 x
EV / Revenue 1.16 x 1.09 x 0.99 x 0.84 x 1.09 x 1.05 x 0.89 x 0.78 x
EV / EBITDA 9.63 x 17 x 8.42 x 8.9 x 9.01 x 8.23 x 7.06 x 5.48 x
EV / FCF 31.9 x 233 x -63.7 x -51.6 x 9.6 x 17.8 x 15.6 x 11.9 x
FCF Yield 3.14% 0.43% -1.57% -1.94% 10.4% 5.61% 6.4% 8.38%
Price to Book 2.86 x 2.24 x 2.09 x 1.34 x 2.42 x 2.2 x 1.79 x 1.56 x
Nbr of stocks (in thousands) 156,758 157,155 155,841 155,101 153,981 156,137 - -
Reference price 2 43.19 35.94 43.40 41.95 62.34 65.41 65.41 65.41
Announcement Date 2/6/20 2/4/21 2/3/22 2/2/23 2/1/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 5,220 4,597 6,285 7,445 8,000 8,846 9,773 10,790
EBITDA 1 630 294.7 737.8 700.4 966.7 1,124 1,231 1,535
EBIT 1 518.4 151.9 598.2 546.7 784.8 920.5 1,061 1,304
Operating Margin 9.93% 3.3% 9.52% 7.34% 9.81% 10.41% 10.85% 12.08%
Earnings before Tax (EBT) 1 516 154.7 569.8 522.3 800.9 952 1,087 1,288
Net income 1 346.6 98.56 741.5 373 545.8 629.1 738.6 1,044
Net margin 6.64% 2.14% 11.8% 5.01% 6.82% 7.11% 7.56% 9.68%
EPS 2 2.250 0.6400 4.730 2.380 3.490 4.087 4.795 6.400
Free Cash Flow 1 190.4 21.54 -97.52 -120.7 907.4 519 555.6 704
FCF margin 3.65% 0.47% -1.55% -1.62% 11.34% 5.87% 5.69% 6.52%
FCF Conversion (EBITDA) 30.23% 7.31% - - 93.87% 46.18% 45.15% 45.86%
FCF Conversion (Net income) 54.95% 21.85% - - 166.26% 82.49% 75.22% 67.4%
Dividend per Share 2 - - - - - - 0.0625 0.1750
Announcement Date 2/6/20 2/4/21 2/3/22 2/2/23 2/1/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 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
Net sales 1 1,551 1,648 1,820 1,868 1,878 1,879 2,002 2,013 2,025 1,961 2,252 2,224 2,233 2,188 2,458
EBITDA 1 180.3 132 212.4 189.7 168.6 129.7 265 261.7 259.3 180.7 293.5 254.3 291.9 217 335
EBIT 1 146.2 93.06 175.9 154.2 130 86.64 223.6 217.7 213.2 130.3 298.8 208.6 245.3 166.7 314
Operating Margin 9.43% 5.65% 9.67% 8.25% 6.92% 4.61% 11.17% 10.82% 10.53% 6.64% 13.27% 9.38% 10.98% 7.62% 12.77%
Earnings before Tax (EBT) 1 138.2 84.7 170.2 134.9 114.8 102.4 233.5 220.5 206.1 140.7 296.7 211.2 250.7 191.3 291.6
Net income 1 103.1 402.4 121.2 90.4 85.89 75.52 160.4 152.8 145.4 87.18 206.6 140.1 175.9 102.7 203.3
Net margin 6.65% 24.42% 6.66% 4.84% 4.57% 4.02% 8.01% 7.59% 7.18% 4.45% 9.18% 6.3% 7.88% 4.69% 8.27%
EPS 2 0.6600 2.560 0.7700 0.5800 0.5500 0.4800 1.020 0.9800 0.9300 0.5600 1.330 0.9006 1.130 0.7005 1.403
Dividend per Share 2 - - - - - - - - - - 0.0167 0.0167 0.0167 0.0167 0.0300
Announcement Date 10/28/21 2/3/22 4/26/22 7/26/22 10/25/22 2/2/23 4/27/23 7/27/23 10/26/23 2/1/24 4/25/24 - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 704 636 553 276 889 964 1,526 1,807
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 190 21.5 -97.5 -121 907 519 556 704
ROE (net income / shareholders' equity) 15.9% 4.11% 14.1% 10.9% 14.4% 13.9% 14.1% 14.9%
ROA (Net income/ Total Assets) 8.53% 1.84% 6.6% 5.57% 7.56% 7.6% 8.31% 8.9%
Assets 1 4,061 5,353 11,235 6,692 7,220 8,278 8,884 11,736
Book Value Per Share 2 15.10 16.00 20.80 31.40 25.70 29.80 36.50 41.90
Cash Flow per Share 2 2.770 2.140 1.350 1.520 7.970 5.020 6.200 9.530
Capex 1 236 310 310 359 324 370 372 389
Capex / Sales 4.52% 6.74% 4.93% 4.82% 4.05% 4.18% 3.81% 3.61%
Announcement Date 2/6/20 2/4/21 2/3/22 2/2/23 2/1/24 - - -
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
C
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
16
Last Close Price
65.41 USD
Average target price
71.79 USD
Spread / Average Target
+9.75%
Consensus
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  4. Financials Skechers U.S.A., Inc.