Does Skechers U.S.A (NYSE:SKX) Have A Healthy Balance Sheet?
Oct 30
U.S. Footwear Industry Analysis
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies16
- 7D-2.9%
- 3M-11.8%
- 1Y9.6%
- YTD-11.8%
Over the last 7 days, the Footwear industry has dropped 2.9%, driven by a pullback from NIKE of 4.6%. Meanwhile, Deckers Outdoor actually outperformed within the industry, gaining 16% in the last week. This takes the industry's 12 month performance to a gain of 9.6%. As for the next few years, earnings are expected to grow by 14% per annum.
Industry Valuation and Performance
Has the U.S. Footwear Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 30 Oct 2023 | US$195.0b | US$75.8b | US$6.9b | 14.5x | 28.4x | 2.6x |
| Wed, 27 Sep 2023 | US$175.2b | US$73.7b | US$6.6b | 14.8x | 26.6x | 2.4x |
| Fri, 25 Aug 2023 | US$189.1b | US$73.7b | US$6.6b | 15.6x | 28.7x | 2.6x |
| Sun, 23 Jul 2023 | US$211.6b | US$73.5b | US$6.6b | 16.7x | 31.9x | 2.9x |
| Tue, 20 Jun 2023 | US$216.5b | US$72.9b | US$7.0b | 17x | 30.8x | 3x |
| Thu, 18 May 2023 | US$220.8b | US$72.8b | US$7.0b | 17.1x | 31.5x | 3x |
| Sat, 15 Apr 2023 | US$236.2b | US$72.4b | US$6.9b | 18x | 34.2x | 3.3x |
| Mon, 13 Mar 2023 | US$217.8b | US$70.7b | US$6.9b | 13.2x | 31.6x | 3.1x |
| Wed, 08 Feb 2023 | US$232.2b | US$70.4b | US$7.3b | 12.3x | 31.8x | 3.3x |
| Fri, 06 Jan 2023 | US$222.2b | US$70.0b | US$7.6b | 9.6x | 29.3x | 3.2x |
| Sun, 04 Dec 2022 | US$209.6b | US$68.1b | US$7.6b | 10.2x | 27.6x | 3.1x |
| Tue, 01 Nov 2022 | US$174.1b | US$67.4b | US$7.5b | 10x | 23.1x | 2.6x |
| Thu, 29 Sep 2022 | US$183.4b | US$66.5b | US$8.0b | 9.7x | 23x | 2.8x |
| Sat, 27 Aug 2022 | US$200.9b | US$66.5b | US$8.0b | 10.1x | 25.2x | 3x |
| Mon, 25 Jul 2022 | US$200.6b | US$65.5b | US$8.1b | 11.2x | 24.8x | 3.1x |
| Wed, 22 Jun 2022 | US$197.3b | US$65.6b | US$8.1b | 11.4x | 24.2x | 3x |
| Fri, 20 May 2022 | US$199.2b | US$65.4b | US$8.1b | 11.7x | 24.6x | 3x |
| Sun, 17 Apr 2022 | US$237.8b | US$62.0b | US$7.3b | 17.1x | 32.4x | 3.8x |
| Tue, 15 Mar 2022 | US$211.1b | US$61.5b | US$7.6b | 16.3x | 27.8x | 3.4x |
| Thu, 10 Feb 2022 | US$267.1b | US$63.2b | US$8.1b | 19.1x | 32.8x | 4.2x |
| Sat, 08 Jan 2022 | US$291.4b | US$62.7b | US$7.8b | 20x | 37.3x | 4.6x |
| Mon, 06 Dec 2021 | US$317.6b | US$62.6b | US$7.7b | 24x | 41.1x | 5.1x |
| Wed, 03 Nov 2021 | US$310.3b | US$62.1b | US$7.7b | 34.3x | 40.4x | 5x |
| Fri, 01 Oct 2021 | US$270.9b | US$61.2b | US$7.6b | 30.3x | 35.7x | 4.4x |
| Sun, 29 Aug 2021 | US$301.1b | US$59.0b | US$7.2b | 24.6x | 41.7x | 5.1x |
| Mon, 05 Jul 2021 | US$277.1b | US$58.7b | US$7.2b | 23.1x | 38.6x | 4.7x |
| Thu, 08 Apr 2021 | US$237.4b | US$50.8b | US$4.3b | 24.3x | 55.6x | 4.7x |
| Sun, 10 Jan 2021 | US$245.8b | US$50.1b | US$3.6b | 22.1x | 67.6x | 4.9x |
Price to Earnings Ratio
63.6x
Current Industry PE
- Investors are pessimistic on the American Footwear industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 28.4x which is lower than its 3-year average PE of 37.7x.
- The 3-year average PS ratio of 3.8x is higher than the industry's current PS ratio of 2.6x.
Past Earnings Growth
- The earnings for companies in the Footwear industry have grown 28% per year over the last three years.
- Revenues for these companies have grown 16% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does U.S. Footwear compare with similar industries?
| US Market | -2.42% | |
| Consumer Discretionary | -0.39% | |
| Luxury | -2.92% | |
| Footwear | -2.91% | |
| Textiles | 0.31% | |
| Apparel, Accessories and Luxury Goods | -2.93% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| DECK Deckers Outdoor | US$576.37 | 16.6% +US$2.1b | 64.7% | PE24.6x | |
| CROX Crocs | US$85.98 | 1.3% +US$69.7m | 21.5% | PE7.9x |
