Crocs Intrinsic Value Calculation – CROCS Reports Record Second Quarter Earnings for FY2023

August 10, 2023

🌥️Earnings Overview

CROCS ($NASDAQ:CROX): The company saw a 11.2% increase in total revenue compared to the same period the previous year, with a total of USD 1072.4 million. Furthermore, there was a 32.5% rise in net income year over year, reaching USD 212.4 million.

Share Price

On Thursday, CROCS reported record second quarter earnings for FY2023, with their stock opening at $110.4 and closing at $102.3, a plunge of 14.6% from the previous closing price of 119.8. This is the steepest drop in the company’s history, and it has resulted in some investors having major concerns over the future of the brand and its profitability. CROCS attributed this strong performance to the success of their popular products, particularly their clog and sandal lines. The company is optimistic that these results will continue into the following quarter, as they have plans to launch several new products and expand into new markets. They are also planning on partnering with different brands and retailers to further strengthen their presence in the global market.

This increase will provide them with a solid foundation to keep pushing forward and pursue their growth strategies. Overall, CROCS’s strong second quarter performance is a testament to their adaptability and ability to innovate in the face of adversity. With a resilient team and robust financials, the company is sure to make a comeback in the near future. Live Quote…

About the Company

  • CROCS_Reports_Record_Second_Quarter_Earnings_for_FY2023″>Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Crocs. More…

    Total Revenues Net Income Net Margin
    3.89k 669.04 17.1%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Crocs. More…

    Operations Investing Financing
    849.01 -105.71 -769.28
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Crocs. More…

    Total Assets Total Liabilities Book Value Per Share
    4.6k 3.41k 19.17
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Crocs are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    48.4% 102.1% 26.9%
    FCF Margin ROE ROA
    19.3% 60.5% 14.2%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis – Crocs Intrinsic Value Calculation

    At GoodWhale, we conducted an extensive analysis of the financials of CROCS. Our proprietary Valuation Line revealed that the intrinsic value of CROCS’s share is around $155.3. The current market price of CROCS share is $102.3, making it undervalued by 34.1%. This presents investors with an attractive opportunity to purchase CROCS stock at a discount. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • Peers

    Its competitors are Nike Inc, Skechers USA Inc, and Wolverine World Wide Inc.

    – Nike Inc ($NYSE:NKE)

    Nike is one of the largest sporting goods companies in the world. They design, develop, and manufacture footwear, apparel, and equipment for a variety of sports and fitness activities. Nike’s market cap as of 2022 is 138.47B. Their return on equity is 25.1%. Nike’s products are sold in over 190 countries worldwide.

    – Skechers USA Inc ($NYSE:SKX)

    Skechers USA Inc has a market cap of 5.44B as of 2022, a Return on Equity of 10.49%. The company is engaged in the design, development, marketing and sale of footwear for men, women and children.

    – Wolverine World Wide Inc ($NYSE:WWW)

    Wolverine World Wide Inc is a footwear company that designs, manufactures, and markets a range of shoes for men, women, and children. The company has a market cap of 1.3B as of 2022 and a Return on Equity of 18.81%. Wolverine World Wide is a publicly traded company on the New York Stock Exchange (NYSE) under the ticker symbol WWW. The company was founded in 1883 and is headquartered in Rockford, Michigan.


    Investors responded negatively to Crocs Inc.’s second quarter earnings results for 2023, announced on July 27, despite total revenues increasing 11.2% and net income increasing 32.5%. Overall, the stock price dropped on the same day. Analysts remain cautiously optimistic about the company’s prospects going forward, citing the strong revenue growth and improved profitability. However, investors will be closely watching the company’s ability to continue its growth trajectory in the coming quarters, as the lingering effects of the pandemic could still have an impact.

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