Wolverine World Wide Inc

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WWW : NYSE : Consumer Goods
$26.95 up 0.34 | 1.3%
Today's Range: 26.71 - 27.13
Avg. Daily Volume: 859900.0
06/28/17 - 12:59 PM ET

Financial Analysis


WOLVERINE WORLD WIDE's gross profit margin for the first quarter of its fiscal year 2017 is essentially unchanged when compared to the same period a year ago. Even though sales increased, the net income has decreased. WOLVERINE WORLD WIDE is extremely liquid. Currently, the Quick Ratio is 2.11 which clearly shows the ability to cover any short-term cash needs. The company's liquidity has increased from the same period last year, indicating improving cash flow.

At the same time, stockholders' equity ("net worth") has remained virtually unchanged only increasing by 1.34% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is very unlikely to face financial difficulties in the near future.

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Income Statement Q1 FY17 Q1 FY16
Net Sales ($mil)591.3577.6
EBITDA ($mil)66.458.4
EBIT ($mil)57.248.6
Net Income ($mil)16.717.4


Balance Sheet Q1 FY17 Q1 FY16
Cash & Equiv. ($mil)304.1158.2
Total Assets ($mil)2387.82424.6
Total Debt ($mil)813.1870.3
Equity ($mil)987.5974.4


Profitability Q1 FY17 Q1 FY16
Gross Profit Margin42.0341.98
EBITDA Margin11.2210.11
Operating Margin9.678.41
Sales Turnover1.051.09
Return on Assets3.644.12
Return on Equity8.8110.27
Debt Q1 FY17 Q1 FY16
Current Ratio3.533.1
Debt/Capital0.450.47
Interest Expense8.98.5
Interest Coverage6.435.72


Share Data Q1 FY17 Q1 FY16
Shares outstanding (mil)96.9199.68
Div / share0.060.06
EPS0.170.18
Book value / share10.199.78
Institutional Own % n/a n/a
Avg Daily Volume815058.0913293.0

Valuation


BUY. WOLVERINE WORLD WIDE's P/E ratio indicates a premium compared to an average of 28.77 for the Textiles, Apparel & Luxury Goods industry and a premium compared to the S&P 500 average of 25.75. To use another comparison, its price-to-book ratio of 2.55 indicates a discount versus the S&P 500 average of 3.09 and a significant discount versus the industry average of 5.17. The price-to-sales ratio is well below both the S&P 500 average and the industry average, indicating a discount.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
WWW 29.56 Peers 28.77   WWW 7.38 Peers 16.68

Average. An average P/E ratio can signify an industry neutral price for a stock and an average growth expectation.

WWW is trading at a valuation on par with its peers.

 

Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.

WWW is trading at a significant discount to its peers.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
WWW 14.29 Peers 19.61   WWW 0.40 Peers 2.02

Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations.

WWW is trading at a discount to its peers.

 

Discount. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.

WWW trades at a significant discount to its peers.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
WWW 2.55 Peers 5.17   WWW -10.21 Peers 12.44

Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.

WWW is trading at a significant discount to its peers.

 

Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

However, WWW is expected to significantly trail its peers on the basis of its earnings growth rate.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
WWW 1.00 Peers 2.07   WWW -4.91 Peers 17.80

Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.

WWW is trading at a significant discount to its industry on this measurement.

 

Lower. A sales growth rate that trails the industry implies that a company is losing market share.

WWW significantly trails its peers on the basis of sales growth

 

 

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