Steven Madden Intrinsic Value Calculator – Steven Madden Reports 16.8% Revenue Decrease and 28.7% Net Income Decrease for Q2 FY2023

🌥️Earnings Overview

For the quarter ending June 30 2023, STEVEN MADDEN ($NASDAQ:SHOO) reported total revenue of USD 445.3 million – a 16.8% decrease from the same period in FY2022 – and net income of USD 34.5 million – a 28.7% decrease compared to the prior year.

Analysis – Steven Madden Intrinsic Value Calculator

GoodWhale recently conducted an in-depth analysis of STEVEN MADDEN‘s financials. Upon completion of the analysis, our proprietary Valuation Line tool calculated the fair value of a STEVEN MADDEN share to be around $50.9. However, the current market price of STEVEN MADDEN stock is trading at $34.2. This means that STEVEN MADDEN is currently undervalued by 32.8%, providing an attractive opportunity for potential investors. More…

About the Company

Income Snapshot

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

Cash Flow Snapshot

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

Balance Sheet Snapshot

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

Key Ratios Snapshot

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

Peers

The competition in the footwear industry is fierce with many companies vying for market share. Steven Madden Ltd, a leading designer and marketer of fashion footwear for women, faces stiff competition from the likes of Puma SE, Deckers Outdoor Corp, and Tod’s SpA. While each company has its own unique marketing strategy, they all share one common goal: to be the top dog in the footwear industry.

– Puma SE ($OTCPK:PUMSY)

Puma SE is a German multinational corporation that designs and manufactures athletic and casual footwear, apparel, and accessories. As of 2022, Puma SE has a market cap of 6.97B and a Return on Equity of 17.11%. Founded in 1948, Puma SE is the third largest sportswear manufacturer in the world. The company’s products are sold in over 120 countries worldwide.

– Deckers Outdoor Corp ($NYSE:DECK)

Deckers Outdoor Corporation is an American footwear company based in Goleta, California. The company was founded in 1973 by Douglas Tompkins and owns several brands including UGG, Teva, and Sanuk. As of 2022, the company had a market capitalization of $9.2 billion and a return on equity of 23.76%. The company’s products are sold in over 170 countries and its brands are some of the most recognizable in the world.

– Tod’s SpA ($OTCPK:TODGF)

Tod’s SpA is an Italian luxury goods company specializing in leather shoes, handbags, luggage, and other accessories. The company was founded in 1920 by Filippo della Valle and is headquartered in Rome, Italy. As of 2022, Tod’s SpA had a market capitalization of 1.03 billion euros and a return on equity of 2.64%.

Summary

Investors should take note of the second quarter of FY2023 financials for STEVEN MADDEN. Total revenue decreased 16.8% year-over-year to USD 445.3 million, while reported net income was down 28.7% to USD 34.5 million. Despite this, the stock price moved up on the same day.

This could be due to investors seeing value in the company, or they are betting that STEVEN MADDEN has bottomed out and is poised for growth in the future. It is important for investors to review the financials and analyze the company’s growth trajectory before committing to investing in STEVEN MADDEN.