Does Skechers U.S.A (NYSE:SKX) Have A Healthy Balance Sheet?
Oct 30
U.S. Luxury Industry Analysis
UpdatedOct 31, 2023
DataAggregated Company Financials
Companies81
- 7D-0.5%
- 3M-7.2%
- 1Y10.5%
- YTD-6.5%
Over the last 7 days, the Luxury industry has remained flat, although notably Deckers Outdoor gained 18%. The past year has been better, since the industry has gained 10% in that time. Looking forward, earnings are forecast to grow by 15% annually.
Industry Valuation and Performance
Has the U.S. Luxury Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 31 Oct 2023 | US$308.4b | US$158.9b | US$10.7b | 13.9x | 28.9x | 1.9x |
| Thu, 28 Sep 2023 | US$279.5b | US$156.8b | US$10.6b | 13.1x | 26.5x | 1.8x |
| Sat, 26 Aug 2023 | US$298.2b | US$156.2b | US$10.4b | 14.3x | 28.6x | 1.9x |
| Mon, 24 Jul 2023 | US$324.1b | US$156.7b | US$10.7b | 13.5x | 30.2x | 2.1x |
| Wed, 21 Jun 2023 | US$320.4b | US$155.6b | US$11.2b | 12.1x | 28.6x | 2.1x |
| Fri, 19 May 2023 | US$334.3b | US$155.4b | US$11.5b | 11.6x | 29.1x | 2.2x |
| Sun, 16 Apr 2023 | US$351.3b | US$160.7b | US$10.9b | 12.7x | 32.3x | 2.2x |
| Tue, 14 Mar 2023 | US$320.2b | US$157.9b | US$11.6b | 11x | 27.7x | 2x |
| Thu, 09 Feb 2023 | US$341.8b | US$158.1b | US$12.1b | 11.1x | 28.1x | 2.2x |
| Sat, 07 Jan 2023 | US$345.4b | US$158.1b | US$13.0b | 10x | 26.6x | 2.2x |
| Mon, 05 Dec 2022 | US$333.8b | US$155.2b | US$13.0b | 10.8x | 25.7x | 2.2x |
| Wed, 02 Nov 2022 | US$283.0b | US$154.8b | US$14.8b | 9.7x | 19.1x | 1.8x |
| Fri, 30 Sep 2022 | US$277.6b | US$153.9b | US$15.9b | 9.1x | 17.5x | 1.8x |
| Sun, 28 Aug 2022 | US$315.6b | US$153.5b | US$15.9b | 10.6x | 19.8x | 2.1x |
| Tue, 26 Jul 2022 | US$318.5b | US$152.5b | US$16.1b | 10.7x | 19.7x | 2.1x |
| Thu, 23 Jun 2022 | US$301.1b | US$152.4b | US$16.2b | 10.1x | 18.6x | 2x |
| Sat, 21 May 2022 | US$309.9b | US$151.1b | US$15.7b | 10.7x | 19.7x | 2.1x |
| Mon, 18 Apr 2022 | US$381.2b | US$146.8b | US$15.1b | 11.6x | 25.3x | 2.6x |
| Wed, 16 Mar 2022 | US$342.8b | US$144.9b | US$14.8b | 13.4x | 23.2x | 2.4x |
| Fri, 11 Feb 2022 | US$422.4b | US$145.8b | US$15.4b | 15.6x | 27.4x | 2.9x |
| Sun, 09 Jan 2022 | US$451.1b | US$144.0b | US$14.0b | 18.2x | 32.1x | 3.1x |
| Tue, 07 Dec 2021 | US$490.1b | US$142.0b | US$13.8b | 18.1x | 35.5x | 3.5x |
| Thu, 04 Nov 2021 | US$505.6b | US$140.3b | US$13.4b | 19.9x | 37.8x | 3.6x |
| Sat, 02 Oct 2021 | US$435.8b | US$137.8b | US$12.5b | 18.7x | 34.8x | 3.2x |
| Mon, 30 Aug 2021 | US$474.7b | US$136.8b | US$11.8b | 15.4x | 40.1x | 3.5x |
| Tue, 06 Jul 2021 | US$445.1b | US$133.2b | US$10.6b | 17.2x | 42.1x | 3.3x |
| Fri, 09 Apr 2021 | US$389.4b | US$117.1b | US$3.4b | 16.7x | 113.8x | 3.3x |
| Thu, 31 Dec 2020 | US$389.7b | US$116.2b | US$1.3b | 12.7x | 306.2x | 3.4x |
Price to Earnings Ratio
270.2x
Current Industry PE
- Investors are pessimistic on the American Luxury 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 28.9x which is lower than its 3-year average PE of 75.8x.
- The 3-year average PS ratio of 2.6x is higher than the industry's current PS ratio of 1.9x.
Past Earnings Growth
- The earnings for companies in the Luxury industry have grown 107% per year over the last three years.
- Revenues for these companies have grown 11% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the U.S. Consumer Discretionary industry?
| US Market | -1.24% | |
| Consumer Discretionary | -0.26% | |
| Luxury | -0.48% | |
| Textiles | 1.39% | |
| Footwear | 0.41% | |
| Apparel, Accessories and Luxury Goods | -2.13% | |
Industry PE
- Investors are most optimistic about the Footwear industry even though it's trading below its 3-year average PE ratio of 37.0x.
- Analysts are expecting annual earnings growth of 13.8%, which is higher than its past year's earnings growth of 2.9% per year.
Forecasted Growth
- Analysts are most optimistic on the Textiles industry, expecting annual earnings growth of 124% over the next 5 years.
- This is better than its past earnings decline of 47% per year.
- In contrast, the Footwear industry is expected to see its earnings grow by 14% per year over the next few years.
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$584.56 | 18.2% +US$2.4b | 67.1% | PE24.9x | |
| CROX Crocs | US$87.48 | 3.1% +US$162.1m | 23.6% | PE8.1x | |
| TPR Tapestry | US$28.06 | 0.6% +US$36.7m | -11.4% | PE6.9x | |
| PVH PVH | US$74.17 | 0.8% +US$36.3m | 44.5% | PE24.6x | |
| GIII G-III Apparel Group | US$25.26 | 2.9% +US$32.5m | 29.5% | PS0.4x |
