-5.25%
2.34%
47.63%
52.79%
171.77%
-14.23%
-28.03%

Company Description

Wolverine World Wide, Inc.designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories in the United States, Europe, the Middle East, Africa, the Asia Pacific, Canada and Latin America.The company operates through two segments, Wolverine Michigan Group and Wolverine Boston Group.


It offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; kids' footwear; industrial work boots and apparel; and uniform shoes and boots.The company sources, markets, and licenses a range of footwear styles, such as shoes, boots, and sandals under the Bates, Cat, Chaco, Harley-Davidson, Hush Puppies, Hytest, Keds, Merrell, Saucony, Sperry, Sweaty Betty, Wolverine, and Stride Rite brands.It also markets Merrell and Wolverine branded apparel and accessories, as well as licenses its brands for use on non-footwear products, including the Hush Puppies apparel, eyewear, watches, socks, handbags, and plush toys; Wolverine branded eyewear and gloves; and Keds, Saucony, and Sperry branded apparel.


In addition, the company markets pigskin leather under the Wolverine Warrior Leather, Weather Tight, and All Season Weather Leathers trademarks for use in the footwear industry.Further, it operates brick and mortar retail stores, and eCommerce sites.The company sells its products to department stores, national chains, catalog and specialty retailers, independent retailers, uniform outlets, and mass merchant and government customers through retail stores, as well as through third-party licensees and distributors, and joint ventures.


As of January 1, 2022, it operated 143 retail stores, as well as 65 consumer-direct eCommerce sites.Wolverine World Wide, Inc.was founded in 1883 and is based in Rockford, Michigan.

Market Data

Last Price 22.72
Change Percentage -5.25%
Open 23.5
Previous Close 23.98
Market Cap ( Millions) 1819
Volume 509439
Year High 24.64
Year Low 8.05
M A 50 22.88
M A 200 16.25

Financial Ratios

FCF Yield 11.23%
Dividend Yield 1.76%
ROE -25.23%
Debt / Equity 298.09%
Net Debt / EBIDTA -1140.63%
Price To Book 6.31
Price Earnings Ratio -26.65
Price To FCF 8.91
Price To sales 1.02
EV / EBITDA -40.28

News

Business Breakdown

Expected Mid-Term Growth

Segment n°1 -> Active Group

Expected Growth : 5.4 %

What the company do ?

The Active Group from Wolverine World Wide, Inc. is a portfolio of outdoor and athletic brands, including Merrell, Cat, and Hush Puppies, offering high-quality footwear and apparel for active lifestyles.

Why we expect these perspectives ?

The 5.4% growth of Active Group from Wolverine World Wide, Inc. is driven by increasing demand for outdoor and athletic footwear, successful product innovations, and strategic expansion into new markets. Additionally, the segment has benefited from effective marketing campaigns and a strong e-commerce platform, leading to higher sales and revenue growth.

Segment n°2 -> Work Group

Expected Growth : 4.65 %

What the company do ?

The Work Group from Wolverine World Wide, Inc. is a leading manufacturer of work boots and outdoor footwear, offering high-quality, durable products for various occupations and activities.

Why we expect these perspectives ?

Wolverine World Wide's Work Group segment growth of 4.65% is driven by increasing demand for work boots and apparel from the construction and manufacturing industries, as well as the company's strategic acquisitions and investments in e-commerce and digital marketing, which have expanded its customer base and improved brand visibility.

Segment n°3 -> Other

Expected Growth : 4.83 %

What the company do ?

Other from Wolverine World Wide, Inc. refers to the company's miscellaneous or non-core business segments, including licensing, retail, and other smaller operations.

Why we expect these perspectives ?

Wolverine World Wide, Inc.'s 'Other' segment growth of 4.83% is driven by increasing demand for outdoor apparel and gear, strategic acquisitions, and expansion into new markets. Additionally, the company's focus on e-commerce and digital marketing has contributed to the segment's growth.

Wolverine World Wide, Inc. Products

Product Range What is it ?
Merrell Footwear Merrell offers a wide range of outdoor footwear for hiking, trail running, and casual wear
Cat Footwear Cat Footwear provides rugged and durable work boots and shoes for construction, manufacturing, and outdoor industries
Hush Puppies Footwear Hush Puppies offers comfortable and stylish footwear for casual, dress, and outdoor occasions
Keds Footwear Keds provides classic, comfortable, and stylish sneakers for women, men, and kids
Sperry Footwear Sperry offers high-quality, stylish, and comfortable footwear for dress, casual, and outdoor occasions
Stride Rite Footwear Stride Rite provides comfortable and supportive footwear for kids, with a focus on healthy foot development
Saucony Running Shoes Saucony offers high-performance running shoes for runners of all levels
Chaco Footwear Chaco provides outdoor footwear for water sports, hiking, and outdoor adventures

Wolverine World Wide, Inc.'s Porter Forces

Wolverine World Wide, Inc. faces moderate threat from substitutes due to the presence of alternative footwear and apparel brands.

Wolverine World Wide, Inc. has a diverse customer base, which reduces the bargaining power of individual customers.

Wolverine World Wide, Inc. relies on a network of suppliers for raw materials, but has some bargaining power due to its large scale of operations.

The footwear and apparel industry has high barriers to entry, making it difficult for new entrants to compete with established players like Wolverine World Wide, Inc.

The footwear and apparel industry is highly competitive, with many established players competing for market share, leading to a high intensity of rivalry.

Capital Structure

Value
Debt Weight 79.61%
Debt Cost 12.63%
Equity Weight 20.39%
Equity Cost 12.63%
WACC 12.63%
Leverage 390.49%

Historical Valuation

Price/Earnings Ratio

Margin Valuation

Peers Valuation

Competitors

Company Rational
CAL Caleres, Inc. engages in the retail and wholesale of footwear in the United States, Canada, China, and Guam. It operates through Famous Footwear and Brand Portfolio segments. The company offers …
RCKY Rocky Brands, Inc. designs, manufactures, and markets footwear and apparel under the Rocky, Georgia Boot, Durango, Lehigh, Muck, XTRATUF, Servus, NEOS, Ranger, and licensed Michelin brand names in the United …
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 …
BDL Flanigan's Enterprises, Inc., together with its subsidiaries, operates a chain of full-service restaurants and package liquor stores in South Florida. It operates in two segments, Package Stores and Restaurants. The …
VRA Vera Bradley, Inc., together with its subsidiaries, designs, manufactures, and sells women's handbags, luggage and travel items, fashion and home accessories, and gifts. It operates through three segments: Vera Bradley …

Peers Metrics

DCF BETA

Parameters

Short Term Growth
Short term Time
Long-Term Growth
WACC
Target Price
22.72$
Current Price
22.72$
Potential
-0.00%

Expected Cash-Flows

Scoring Insights

Peers Group Analysis

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