Financials Wolverine World Wide, Inc.

Equities

WWW

US9780971035

Footwear

Market Closed - Nyse Other stock markets 04:00:02 2025-01-24 pm EST			5-day change	1st Jan Change
23.09 ^USD	+2.62%		+1.32%	+4.01%

Dec. 11	Stifel Upgrades Wolverine World Wide to Buy From Hold, Raises Price Target to $29 From $21	MT
Nov. 26	Wolverine Worldwide's Work Group Appoints Mike Maloney as Chief Product Officer	CI

Projected Income Statement: Wolverine World Wide, Inc.

income-statement-evolution-chart WOLVERINE-WORLD-WIDE-INC

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	2,274	1,791	2,415	2,685	2,243	1,742	1,856	1,952
Change	-	-21.23%	34.83%	11.18%	-16.46%	-22.32%	6.52%	5.17%
EBITDA ¹	295.3	166.7	290.1	212.2	112.9	154.4	198.2	233.4
Change	-	-43.55%	74.03%	-26.85%	-46.8%	36.78%	28.36%	17.74%
EBIT ¹	262.6	133.9	256.9	177.6	77.8	127.9	173	206.1
Change	-	-49.01%	91.86%	-30.87%	-56.19%	64.34%	35.3%	19.12%
Interest Paid ¹	-30	-43.6	-37.4	-47.3	-63.5	-41.46	-29.92	-27.52
Earnings before Tax (EBT) ¹	-	-184.1	80.3	-252.9	-134.2	91	148.2	181.2
Change	-	-	-	-	-46.94%	-	62.91%	22.26%
Net income ¹	128.5	-137.7	68.6	-188.3	-39.6	62.15	116.9	144
Change	-	-	-	-	-78.97%	-	88.16%	23.11%
Announcement Date	2/25/20	2/25/21	2/23/22	2/22/23	2/21/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	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	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3
Net sales ¹	607.4	439.3	349.1	493.1	509.6	510.7	631.9	636.7	635.6	614.8	713.6	691.4	665	599.4	589.1	527.7	526.7	394.9	425.2	440.2	486.1	428.6	454.9	466.7	508.3	443.5	476.2	485.3
Change	-	-27.68%	-20.53%	41.25%	3.35%	0.22%	23.73%	0.76%	-0.17%	-3.27%	16.07%	-3.11%	-3.82%	-9.86%	-1.72%	-10.42%	-0.19%	-25.02%	7.67%	3.53%	10.43%	-11.82%	6.13%	2.58%	8.93%	-12.75%	7.36%	1.91%
EBITDA ¹	70.7	38.1	25.3	60.7	42.5	59.1	86.8	83.2	59.2	58.5	87	70.5	-3.7	38	42.2	31.7	-9.3	26.5	33	41.3	52.58	31.91	40.54	45.8	60.19	38.32	48.33	52.01
Change	-	-46.11%	-33.6%	139.92%	-29.98%	39.06%	46.87%	-4.15%	-28.85%	-1.18%	48.72%	-18.97%	-	-	11.05%	-24.88%	-	-	24.53%	25.15%	27.3%	-39.31%	27.05%	12.98%	31.41%	-36.34%	26.14%	7.62%
EBIT ¹	61.3	30.3	17.7	52.3	33.5	51.9	79.6	74.5	49.1	50	78.7	62.1	-13.1	29.5	33.6	22.5	-18.1	19.4	26.8	35.2	47.64	32.1	40.99	44.03	57.96	35.32	45.08	48.71
Change	-	-50.57%	-41.58%	195.48%	-35.95%	54.93%	53.37%	-6.41%	-34.09%	1.83%	57.4%	-21.09%	-	-	13.9%	-33.04%	-	-	38.14%	31.34%	35.35%	-32.62%	27.69%	7.39%	31.65%	-39.07%	27.65%	8.05%
Charge d'intérêts ¹	-8.2	-7.8	-10.5	-12.8	-12.5	-9.6	-9.7	-9.6	-8.5	-8.7	-10.1	-12.5	-16	-15.8	-16.1	-15.5	-16.1	-12	-11.9	-9.6	-7.4	-7.3	-7.1	-6.9	-6.55	-4.5	-4.1	-3.7
Earnings before Tax (EBT)	-	9.7	-1.5	30.4	-222.7	45.7	54	-0.7	-18.7	12	157.2	-	-	-	-	-	-202.3	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	18.16%	-	2,571.43%	-	1,210%	-100%	-	-	-	-	-	-100%	-	-	-	-	-	-	-	-	-	-
Net income ¹	-0.9	13	-1.6	22.4	-170.9	38.5	44.7	-	-14.6	9.7	122.1	38.2	-361.6	19	23.5	8.4	-90.6	-14.5	14.2	22.8	32.93	19.51	24.05	31.38	41.3	26.83	31.76	37.78
Change	-	-	-	-	-	-	16.1%	-100%	-	-	1,158.76%	-68.71%	-	-	23.68%	-64.26%	-	-84%	-	60.56%	44.42%	-40.75%	23.26%	30.47%	31.61%	-35.03%	18.36%	18.96%
Announcement Date	2/25/20	4/22/20	8/5/20	11/5/20	2/25/21	5/12/21	7/29/21	11/10/21	2/23/22	5/11/22	8/10/22	11/9/22	2/22/23	5/10/23	8/10/23	11/9/23	2/21/24	5/8/24	8/7/24	11/7/24	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Wolverine World Wide, Inc.

balance-sheet-analysis-chart WOLVERINE-WORLD-WIDE-INC

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	258	375	805	1,027	742	598	508	393
Change	-	45.35%	114.67%	27.58%	-27.75%	-19.39%	-15.05%	-22.64%
Announcement Date	2/25/20	2/25/21	2/23/22	2/22/23	2/21/24	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Wolverine World Wide, Inc.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	34.4	10.3	17.6	36.5	14.6	30.36	32.53	31.04
Change	-	-70.06%	70.87%	107.39%	-60%	107.97%	7.13%	-4.57%
Free Cash Flow (FCF) ¹	188.2	298.8	69.2	-215.4	107.2	98.53	111.1	145.9
Change	-	58.77%	-76.84%	-411.27%	-149.77%	-8.08%	12.79%	31.26%
Announcement Date	2/25/20	2/25/21	2/23/22	2/22/23	2/21/24	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Wolverine World Wide, Inc.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	12.99%	9.31%	12.01%	7.9%	5.03%	8.86%	10.68%	11.96%
EBIT Margin (%)	11.55%	7.48%	10.64%	6.62%	3.47%	7.34%	9.32%	10.56%
EBT Margin (%)	-	-10.28%	3.33%	-9.42%	-5.98%	5.22%	7.99%	9.29%
Net margin (%)	5.65%	-7.69%	2.84%	-7.01%	-1.77%	3.57%	6.3%	7.38%
FCF margin (%)	8.28%	16.68%	2.87%	-8.02%	4.78%	5.66%	5.99%	7.47%
FCF / Net Income (%)	146.46%	-216.99%	100.87%	114.39%	-270.71%	158.54%	95.04%	101.33%
Profitability
ROA	8.27%	3.26%	7.37%	4.43%	0.17%	4%	6.8%	8.3%
ROE	22%	11.34%	29.24%	23.65%	1.24%	23.53%	31.71%	32.09%
Financial Health
Leverage (Debt/EBITDA)	0.87x	2.25x	2.78x	4.84x	6.57x	3.87x	2.56x	1.68x
Debt / Free cash flow	1.37x	1.26x	11.63x	-4.77x	6.92x	6.07x	4.57x	2.69x
Capital Intensity
CAPEX / Current Assets (%)	1.51%	0.58%	0.73%	1.36%	0.65%	1.74%	1.75%	1.59%
CAPEX / EBITDA (%)	11.65%	6.18%	6.07%	17.2%	12.93%	19.66%	16.41%	13.3%
CAPEX / FCF (%)	18.28%	3.45%	25.43%	-16.95%	13.62%	30.81%	29.27%	21.28%
Items per share
Cash flow per share ¹	2.553	3.816	1.042	-2.245	1.534	1.623	1.797	2.32
Change	-	49.49%	-72.69%	-315.42%	-168.34%	5.82%	10.68%	29.13%
Dividend per Share ¹	0.4	0.4	0.4	0.4	0.4	0.4035	0.4103	0.4175
Change	-	0%	0%	0%	0%	0.87%	1.7%	1.75%
Book Value Per Share ¹	9.448	6.83	7.558	4.069	3.509	4.088	5.103	6.46
Change	-	-27.71%	10.66%	-46.16%	-13.77%	16.5%	24.83%	26.61%
EPS ¹	1.44	-1.7	0.81	-2.37	-0.51	0.7782	1.479	1.866
Change	-	-218.06%	-147.65%	-392.59%	-78.48%	-252.6%	90.08%	26.13%
Nbr of stocks (in thousands)	80,876	82,072	82,369	78,755	79,532	80,067	80,067	80,067
Announcement Date	2/25/20	2/25/21	2/23/22	2/22/23	2/21/24	-	-	-