Penserra Capital Management LLC Sells Shares of Crocs, at Defense World
July 14, 2023
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Penserra Capital Management LLC recently announced that it has sold shares in Crocs ($NASDAQ:CROX), Inc., a global footwear company, to Defense World. Crocs, Inc. is best known for its iconic clog, which is designed to provide comfort and style for all ages and occasions. The company’s products are made from proprietary Croslite™ material, a revolutionary technology that gives each pair of shoes the soft, comfortable, lightweight and non-marking qualities that Crocs fans know and love.
With a wide variety of styles, colors, and sizes, Crocs has become a leader in the footwear industry with a strong portfolio of brands and products. In addition to its signature clogs, Crocs also offers a variety of sandals, flip-flops, boots, ballet flats, sneakers, and more.
Share Price
Starting the day at an opening price of $127.7, the stock closed at $126.0, representing a slight 0.3% decline from its prior closing price of $126.4. Crocs_at_Defense_World”>Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Crocs. More…
| Total Revenues | Net Income | Net Margin |
| 3.78k | 616.94 | 16.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Crocs. More…
| Operations | Investing | Financing |
| 681.84 | -107.21 | -622.13 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Crocs. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.6k | 3.63k | 15.62 |
Key Ratios Snapshot
Some of the financial key ratios for Crocs are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 45.9% | 102.3% | 25.7% |
| FCF Margin | ROE | ROA |
| 15.6% | 67.9% | 13.2% |
Analysis
GoodWhale has conducted an analysis of CROCS’s wellbeing and found it to be a high risk investment. We have based our Risk Rating on financial and business aspects and detected 3 risk warnings in the balance sheet, cashflow statement and financial journal. To find out more, become a registered user to access our detailed report. We have taken into account a range of factors including cash flow, debt, capital structure, profitability, management stability, and competitive environment. Our analysis shows that CROCS is a high risk investment and may not be suitable for all investors. We urge all potential investors to become a registered user on our platform to gain access to our comprehensive analysis and detailed risk warnings. By gaining a better understanding of the risks involved in investing in CROCS, investors can make an informed decision on whether or not to invest in this company. Crocs_at_Defense_World”>More…
Peers
Its competitors are Nike Inc, Skechers USA Inc, and Wolverine World Wide Inc.
– Nike Inc ($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
Analyzing the company from a fundamental perspective, it is evident that Crocs has strong business fundamentals and an impressive financial position. Over the past year, the company experienced an impressive increase in revenue and profitability. The company has an impressive inventory turnover rate and a healthy balance sheet, with no long-term debt.
Additionally, its cash conversion cycle is low and accounts receivable are in good shape. In terms of valuation, the company is trading at a discount compared to its peers, which may make it a good option for investors looking for value. Overall, Crocs appears to be a sound investment choice.
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