-3.71%
11.96%
20.35%
19.08%
18.46%
77.44%
98.73%

Company Description

Skechers U.S.A., Inc.designs, develops, markets, and distributes footwear for men, women, and children; and performance footwear for men and women worldwide.The company operates through three segments: Domestic Wholesale, International Wholesale, and Direct-to-Consumer.


It offers casual, casual athletic, sport athletic, trail, sandals, boots, and retro fashion footwear for men and women under the Skechers USA, Skechers Sport, Skechers Active, Modern Comfort, Skechers Street, Mark Nason, and BOBS brands; sneakers, casuals, boots, and sandals for boys and girls under the Skechers Mega-Craft, S-Lights, SKECH-AIR, Foamies, Twinkle Toes, Z-Strap, Skechers Stretch Fit, and Skechers Street brands; and technical footwear under the Skechers GOrun, Skechers GOwalk, Skechers GOtrain, Skechers GOtrail, and Skechers GO Golf brands.The company also provides men's and women's slip-resistant and safety-toe casuals, boots, hikers, and athletic shoes; and lifestyle apparel for men, women, and kids.As of December 31, 2021, it operated 4,306 company and third party owned Skechers stores.


The company sells its products through department and specialty stores, athletic and independent retailers, boutiques, and online retailers; and through its e-commerce sites, concept stores, and factory and warehouse outlet stores.It also licenses its Skechers brand.Skechers U.S.A., Inc.


was incorporated in 1992 and is headquartered in Manhattan Beach, California.

Market Data

Last Price 75.34
Change Percentage -3.71%
Open 75.91
Previous Close 78.24
Market Cap ( Millions) 11374
Volume 1607692
Year High 78.85
Year Low 55.67
M A 50 68.96
M A 200 66.66

Financial Ratios

FCF Yield 3.51%
Dividend Yield 0.00%
ROE 14.98%
Debt / Equity 48.04%
Net Debt / EBIDTA 72.60%
Price To Book 2.62
Price Earnings Ratio 18.23
Price To FCF 28.52
Price To sales 1.3
EV / EBITDA 11.89

News

Business Breakdown

Expected Mid-Term Growth

Segment nΒ°1 -> Wholesale

Expected Growth : 7.5 %

What the company do ?

Wholesale from Skechers U.S.A., Inc. refers to the bulk sale of Skechers footwear and apparel products to retailers, distributors, or other intermediaries for resale.

Why we expect these perspectives ?

Strong demand for comfort footwear, successful product launches, and increased distribution channels contributed to the 7.5% growth in wholesale from Skechers U.S.A., Inc. Additionally, effective marketing strategies, expansion into new markets, and a growing e-commerce platform also drove sales.

Segment nΒ°2 -> Direct-to-Consumer

Expected Growth : 8.5 %

What the company do ?

Direct-to-Consumer from Skechers U.S.A., Inc. refers to the company's sales strategy of selling its footwear and apparel directly to customers through its own retail stores, e-commerce platform, and mobile app.

Why we expect these perspectives ?

Skechers U.S.A., Inc.'s Direct-to-Consumer segment growth of 8.5% is driven by strong e-commerce sales, increased brand awareness, and effective marketing strategies. Additionally, the company's focus on digital transformation, omnichannel retailing, and strategic partnerships have contributed to this growth.

Skechers U.S.A., Inc. Products

Product Range What is it ?
Skechers Memory Foam Skechers Memory Foam shoes feature a unique foam that conforms to the shape of the foot, providing customized support and comfort.
Skechers Relaxed Fit Skechers Relaxed Fit shoes offer a roomier toe box and softer materials for a more comfortable fit.
Skechers Arch Fit Skechers Arch Fit shoes feature a contoured arch support and a comfortable, cushioned ride.
Skechers GOwalk Skechers GOwalk shoes are designed for walking, with a comfortable, breathable design and a soft, cushioned ride.
Skechers Work Skechers Work shoes are designed for occupational use, with slip-resistant outsoles and protective materials.
Skechers Kids Skechers Kids shoes are designed for children, with fun colors and styles, and comfortable, supportive designs.
Skechers Performance Skechers Performance shoes are designed for athletes and fitness enthusiasts, with advanced technology and high-performance materials.

Skechers U.S.A., Inc.'s Porter Forces

Skechers faces moderate threat from substitutes, as customers have alternative options for athletic and casual footwear from other brands.

Skechers has a large customer base, and individual customers have limited bargaining power, reducing the threat of customer bargaining power.

Skechers has a diversified supplier base, reducing dependence on individual suppliers, and thus minimizing the bargaining power of suppliers.

The athletic and casual footwear market has high barriers to entry, including significant capital requirements and established brand recognition, making it difficult for new entrants to compete with Skechers.

The athletic and casual footwear market is highly competitive, with established brands like Nike, Adidas, and Vans, resulting in intense rivalry and competition for market share.

Capital Structure

Value
Debt Weight 17.87%
Debt Cost 3.95%
Equity Weight 82.13%
Equity Cost 10.40%
WACC 9.25%
Leverage 21.76%

Historical Valuation

Price/Earnings Ratio

Margin Valuation

Peers Valuation

Competitors

Company Rational
DDS Dillard's, Inc. operates retail department stores in the southeastern, southwestern, and midwestern areas of the United States. Its stores offer merchandise, including fashion apparel for women, men, and children; and …
CROX Crocs, Inc., together with its subsidiaries, designs, develops, manufactures, markets, and distributes casual lifestyle footwear and accessories for men, women, and children. It offers various footwear products, including clogs, sandals, …
WEYS Weyco Group, Inc. designs and distributes footwear for men, women, and children. It operates through two segments, North American Wholesale Operations and North American Retail Operations. The company offers mid-priced …
HRB H&R Block, Inc., through its subsidiaries, provides assisted income tax return preparation and do-it-yourself (DIY) tax return preparation services and products to the general public primarily in the United States, …
SHOO Steven Madden, Ltd. designs, sources, markets, and sells fashion-forward branded and private label footwear, accessories, and apparel for women, men, and children in the United States and internationally. Its Wholesale …

Peers Metrics

DCF BETA

Parameters

Short Term Growth
Short term Time
Long-Term Growth
WACC
Target Price
75.34$
Current Price
75.34$
Potential
-0.00%

Expected Cash-Flows

Scoring Insights

Peers Group Analysis

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