Crocs Set to Become Most Valuable Footwear Brand by 2024
December 29, 2023
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However, the brand is now set to become the most valuable footwear brand by 2024, with great potential for growth. This is due to the company’s increasing market share, as well as its innovation strategy. For example, the company has launched new product lines such as the Crocs ($NASDAQ:CROX) LiteRide Collection and is expanding its retail presence in the US and globally.
Additionally, the company’s stock price has increased significantly over the past few years, indicating a strong investor interest in the brand and its potential. Despite its short history, Crocs has made a huge impact in the footwear industry. Its iconic foam clogs are now a staple in many people’s wardrobes, and its innovative designs have kept the brand relevant in a competitive market. Furthermore, Crocs has been able to maintain an impressive level of customer satisfaction, making it one of the most trusted brands in the market. All these factors point to a very bright future for Crocs. The company’s stock price is likely to continue its upward trend in the years leading up to 2024, and its market share is expected to increase.
Price History
On Thursday, CROCS stock opened at $94.4 and closed at $95.3, representing a 0.8% increase from the previous day’s closing price of 94.5. With its revolutionary and unique style, CROCS is changing the way people look at fashion and footwear. The brand has seen tremendous growth in recent years, making it a leader in the industry. Crocs_Set_to_Become_Most_Valuable_Footwear_Brand_by_2024″>Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Crocs. More…
| Total Revenues | Net Income | Net Margin |
| 3.95k | 676.72 | 17.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Crocs. More…
| Operations | Investing | Financing |
| 937.18 | -101.07 | -855.85 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Crocs. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.58k | 3.38k | 19.74 |
Key Ratios Snapshot
Some of the financial key ratios for Crocs are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 47.2% | 87.9% | 26.7% |
| FCF Margin | ROE | ROA |
| 21.2% | 55.1% | 14.4% |
Analysis
GoodWhale recently conducted an analysis of CROCS’ fundamentals and found the company classified as a ‘gorilla’, a type of company that has achieved stable and high revenue or earnings growth due to its strong competitive advantage. Using Star Chart, we found that CROCS is strong in growth, profitability, and weak in asset, dividend. This type of company is likely to be attractive to investors looking for high returns. Additionally, CROCS has a high health score of 8/10, suggesting it is capable of sustaining future operations in times of crisis due to its strong cashflows and debt. This makes it an attractive investment opportunity for those seeking long-term, stable returns. Crocs_Set_to_Become_Most_Valuable_Footwear_Brand_by_2024″>More…
Peers
Its competitors are Nike Inc, Skechers USA Inc, and Wolverine World Wide Inc.
– Nike Inc ($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 is an attractive investment opportunity for investors entering 2024. The company has seen a strong increase in stock prices over the past few years and is expected to continue its growth trend in the coming year. The company has developed a loyal customer base due to its quality products, competitive pricing, and unique design.
In addition, CROCS has recently expanded into new markets and acquired additional brands, which has provided a further boost to its growth prospects. With a strong financial position, excellent brand recognition, and robust product portfolio, CROCS is well-positioned for the coming years as it continues to capture market share. Investors should consider CROCS’ long-term prospects and take advantage of the company’s low valuation and strong fundamentals.
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