Crocs Intrinsic Value Calculator – Crocs Launches Pilot Program to Reduce Fashion Industry Waste
October 28, 2023
🌧️Trending News
Crocs ($NASDAQ:CROX), the iconic shoe company, has recently announced the launch of a pilot program to reduce fashion industry waste. As part of the program, Crocs is partnering with retail stores across the United States to accept donations of used or unwanted shoes to be recycled or repurposed. The goal of the program is to reduce the amount of waste generated by the fashion industry, while also providing people with an easy and convenient way to donate their old shoes. Crocs is a publicly-traded footwear company that designs, manufactures, and distributes shoes for both men and women.
The company initially gained popularity for its unique, rubber-like clogs that were designed for comfort and ease of use. Since then, Crocs has expanded its product range and now offers a wide variety of styles and designs. The company has seen a surge in demand in recent years, with customers across the globe seeking its signature styles.
Market Price
This program seeks to use sustainable materials that are recycled and recyclable to reduce the environmental impact of the fashion industry. As part of this program, Crocs will be producing shoes and apparel made from recycled and recyclable materials. The launch of the pilot program was accompanied by an opening in CROCS stock of $87.1, which later dropped by 0.4% from its prior closing price of 86.4 and ended at $86.0. It is hoped that this program will have a positive overall impact on the environment, as well as an increased value for the company’s stock. Live Quote…
About the Company
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% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Crocs. More…
| Operations | Investing | Financing |
| 849.01 | -105.71 | -769.28 |
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 |
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% |
Analysis – Crocs Intrinsic Value Calculator
At GoodWhale, we recently conducted an analysis of CROCS‘s wellbeing. Through our proprietary Valuation Line, we have determined that the fair value of CROCS shares is around $152.4. However, at the moment, CROCS stock is being traded at just $86.0, meaning that it is currently undervalued by 43.6%. This presents a great opportunity for investors looking to get into the stock at a significantly discounted price. More…
Peers
Its competitors are Nike Inc, Skechers USA Inc, and Wolverine World Wide Inc.
– Nike Inc ($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.
Summary
CROCS has announced a pilot program to help reduce waste in the fashion industry. The program will allow customers to return any product purchased from a CROCS retail outlet, regardless of condition, and receive an in-store credit. This program will provide CROCS with valuable data about consumer behavior and preferences for the purpose of improving product offerings and market segmentation.
From an investor perspective, this initiative presents an opportunity to capitalize on the expanding market for sustainable fashion and to increase revenue by driving further customer loyalty. It also reveals the company’s commitment to corporate responsibility, which is sure to be appreciated by investors.
