Skechers U.s.a Stock Fair Value – SKECHERS U.S.A Gains Momentum and Outpaces Nike in Q3 Growth Despite Inflation
November 7, 2023
☀️Trending News
SKECHERS ($NYSE:SKX): This impressive growth has been attributed to the increased momentum of the company and its ability to thrive despite the economic downturn. Since then, the company has grown to become the second largest footwear brand in the United States today. The company designs, develops, manufactures, and markets lifestyle apparel, sports, and casual footwear for men, women, and children around the world. Their innovative designs and quality products have made them a leader in the lifestyle footwear industry. The company has invested heavily in product innovation and marketing campaigns to keep up with rapidly changing trends.
Additionally, their commitment to customer service and providing a wide range of styles and sizes has helped to build a loyal customer base. This momentum is expected to continue as the company continues to invest in product innovation and marketing campaigns while expanding into new territories around the world.
Share Price
On Thursday, SKECHERS U.S.A stock opened at $46.6 and closed at $47.2, up by 1.4% from its previous closing price of 46.5. As more consumers look to SKECHERS for its comfortable and fashion-forward designs, the company has been able to defy the odds and leverage its competitive advantage to produce consistently strong results. In addition, SKECHERS’ focus on expanding its online presence has enabled it to continue growing despite the challenges posed by the global pandemic. The company’s strong performance is evidence of its successful strategic and operational approach and demonstrates that SKECHERS is well-positioned to capitalize on its momentum going forward, even in the face of inflationary pressures. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Skechers U.s.a. More…
| Total Revenues | Net Income | Net Margin |
| 7.92k | 534.13 | 6.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Skechers U.s.a. More…
| Operations | Investing | Financing |
| 658.88 | -287.49 | -118.06 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Skechers U.s.a. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 7.24k | 2.94k | 25.54 |
Key Ratios Snapshot
Some of the financial key ratios for Skechers U.s.a are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 19.8% | 63.3% | 9.4% |
| FCF Margin | ROE | ROA |
| 4.0% | 11.9% | 6.4% |
Analysis – Skechers U.s.a Stock Fair Value
GoodWhale has conducted an analysis of SKECHERS U.S.A.’s financials, and has determined that the intrinsic value of their share is around $52.0. This amount was determined using our proprietary Valuation Line. By comparison, SKECHERS U.S.A. stock is currently trading at $47.2 – this indicates that the stock is being undervalued by a margin of 9.3%. More…
Peers
In the world of sneakers and athletic footwear, there is stiff competition between brands. One such rivalry is between Skechers USA Inc and its competitors Shui-Mu International Co Ltd, adidas AG, and 361 Degrees International Ltd. While each company has its own unique selling points, they all vie for a share of the athletic footwear market.
– Shui-Mu International Co Ltd ($TWSE:8443)
Shui-Mu International Co Ltd is a company that operates in the real estate industry. The company has a market cap of 718.1M as of 2022 and a return on equity of -11.44%. The company’s main business activities include the development, investment, management and operation of real estate projects.
– adidas AG ($OTCPK:ADDDF)
adidas AG is a publicly traded company with a market capitalization of 18.54 billion as of 2022. The company has a return on equity of 16.07%. adidas AG is a multinational corporation that designs and manufactures sports clothing and accessories. The company is headquartered in Herzogenaurach, Germany.
– 361 Degrees International Ltd ($SEHK:01361)
Degrees International Ltd, a leading provider of online education services, has a market cap of 7.07B as of 2022. The company’s return on equity is 9.66%. Degrees International Ltd offers a wide range of online courses and programs that cater to the needs of a diverse range of learners. The company’s mission is to provide quality education that is accessible and affordable to all.
Summary
The company has outpaced competitor Nike in terms of growth, seeing double digit sales increases. Investors have also been turning to Skechers due to its ability to withstand the current inflationary environment. This is attributed to its wide product portfolio and strong demand from consumers.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
