Crocs is making strides again and is a good value investment
October 27, 2022
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Crocs Intrinsic Value – Crocs ($NASDAQ:CROX), Inc. is an American company that manufactures and distributes casual shoes. The company is headquartered in Niwot, Colorado. Crocs is making strides again and is a good value investment. The company has experienced a resurgence in popularity in recent years, thanks in part to celebrity endorsements from the likes of Justin Bieber and Post Malone.
Crocs is also expanding its product line beyond its signature foam clogs to include sandals, boots, and even Crocs-branded socks. With Crocs’ strong brand recognition and growing product offerings, the company is positioned for long-term success. The stock is currently trading at a discount to its peers, making it an attractive value play in the footwear space.
Stock Price
On Wednesday, CROCS stock opened at $78.0 and closed at $76.7, down by 3.5% from prior closing price of 79.5. The company has a strong brand and loyal customer base. It is well-positioned in the casual footwear market. Crocs‘ products are comfortable, versatile, and fashionable.
The company has a strong direct-to-consumer business. It is also expanding its reach through partnerships with major retailers.
VI Analysis – Crocs Intrinsic Value
Company fundamentals are important in determining a company’s long-term potential. The VI app makes it easy to analyze a company’s fundamentals and calculate its fair value. Based on the VI app, the fair value of Crocs shares is around $115.9. However, the stock is currently trading at $76.7, which represents a 34% discount.
VI Peers
Its competitors are Nike Inc, Skechers USA Inc, and Wolverine World Wide Inc.
– Nike Inc ($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 a publicly traded company with a history of strong financial performance. Crocs’ stock price has been on a steady upward trend in recent years, making it an attractive investment for many. The company’s products are popular among both adults and children, and Crocs has a strong presence in both the domestic and international markets. Crocs is a financially stable company with a strong balance sheet and a healthy cash flow.
Crocs’ products are unique and offer a high level of comfort and style. The company’s products are also very affordable, which makes them appealing to a wide range of consumers. Crocs is a great company to invest in for both long-term and short-term growth potential.
