Financials Wolverine World Wide, Inc.

Equities

WWW

US9780971035

Footwear

Market Closed - Nyse 21:00:02 03/05/2024 BST 5-day change 1st Jan Change
10.75 USD -1.29% Intraday chart for Wolverine World Wide, Inc. -1.38% +20.92%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,729 2,516 2,422 860.8 707 859 - -
Enterprise Value (EV) 1 2,987 2,891 3,227 1,887 1,449 1,471 1,416 1,363
P/E ratio 23.4 x -18 x 36.3 x -4.61 x -17.4 x 14.5 x 9.59 x 7.78 x
Yield 1.19% 1.31% 1.36% 3.66% - 4.07% 4.47% 5.59%
Capitalization / Revenue 1.2 x 1.4 x 1 x 0.32 x 0.32 x 0.5 x 0.47 x 0.46 x
EV / Revenue 1.31 x 1.61 x 1.34 x 0.7 x 0.65 x 0.86 x 0.78 x 0.73 x
EV / EBITDA 10.1 x 17.3 x 11.1 x 8.89 x 12.8 x 9.7 x 7.69 x 7.06 x
EV / FCF 15.9 x 9.67 x 46.6 x -8.76 x 13.5 x 16.3 x 11.6 x 9.74 x
FCF Yield 6.3% 10.3% 2.14% -11.4% 7.4% 6.12% 8.63% 10.3%
Price to Book 3.57 x 4.49 x 3.89 x 2.69 x - 2.38 x 2.16 x 2.09 x
Nbr of stocks (in thousands) 80,876 82,072 82,369 78,755 79,532 79,911 - -
Reference price 2 33.74 30.65 29.40 10.93 8.890 10.75 10.75 10.75
Announcement Date 25/02/20 25/02/21 23/02/22 22/02/23 21/02/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,274 1,791 2,415 2,685 2,243 1,714 1,815 1,880
EBITDA 1 295.3 166.7 290.1 212.2 112.9 151.6 184 193
EBIT 1 262.6 133.9 256.9 177.6 77.8 118.6 150.1 173.8
Operating Margin 11.55% 7.48% 10.64% 6.62% 3.47% 6.92% 8.27% 9.25%
Earnings before Tax (EBT) - -184.1 80.3 -252.9 -134.2 - 115.3 -
Net income 1 128.5 -137.7 68.6 -188.3 -39.6 61.7 83.45 99.33
Net margin 5.65% -7.69% 2.84% -7.01% -1.77% 3.6% 4.6% 5.28%
EPS 2 1.440 -1.700 0.8100 -2.370 -0.5100 0.7412 1.121 1.382
Free Cash Flow 1 188.2 298.8 69.2 -215.4 107.2 89.96 122.2 139.9
FCF margin 8.28% 16.68% 2.87% -8.02% 4.78% 5.25% 6.73% 7.44%
FCF Conversion (EBITDA) 63.73% 179.24% 23.85% - 94.95% 59.35% 66.39% 72.52%
FCF Conversion (Net income) 146.46% - 100.87% - - 145.8% 146.42% 140.89%
Dividend per Share 2 0.4000 0.4000 0.4000 0.4000 - 0.4377 0.4804 0.6008
Announcement Date 25/02/20 25/02/21 23/02/22 22/02/23 21/02/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 636.7 635.6 614.8 713.6 691.4 665 599.4 589.1 527.7 526.7 361.6 422.3 444.8 485.3 407
EBITDA 1 83.2 59.2 58.5 87 70.5 -3.7 38 42.2 31.7 -9.3 21.4 35.72 51.62 44.6 46.65
EBIT 1 74.5 49.1 50 78.7 62.1 -13.1 29.5 33.6 22.5 -18.1 12.44 34.09 44.14 27.91 24.04
Operating Margin 11.7% 7.72% 8.13% 11.03% 8.98% -1.97% 4.92% 5.7% 4.26% -3.44% 3.44% 8.07% 9.92% 5.75% 5.91%
Earnings before Tax (EBT) -0.7 -18.7 12 157.2 - - - - - -202.3 - 16.4 32.7 30.2 -
Net income 1 - -14.6 9.7 122.1 38.2 -361.6 19 23.5 8.4 -90.6 -3.457 20.33 30.89 13.94 7.199
Net margin - -2.3% 1.58% 17.11% 5.53% -54.38% 3.17% 3.99% 1.59% -17.2% -0.96% 4.81% 6.94% 2.87% 1.77%
EPS 2 - -0.1800 0.1200 1.530 0.4800 -4.590 0.2300 0.3000 0.1100 -1.150 -0.0363 0.2546 0.3522 0.1741 -
Dividend per Share 2 0.1000 0.1000 0.1000 0.1000 0.1000 0.1000 0.1000 - - - 0.1141 0.1141 0.1141 0.1141 -
Announcement Date 10/11/21 23/02/22 11/05/22 10/08/22 09/11/22 22/02/23 10/05/23 10/08/23 09/11/23 21/02/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 258 375 805 1,027 742 612 557 504
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 0.873 x 2.25 x 2.775 x 4.837 x 6.57 x 4.036 x 3.026 x 2.611 x
Free Cash Flow 1 188 299 69.2 -215 107 90 122 140
ROE (net income / shareholders' equity) 22% 11.3% 29.2% 23.7% 1.24% 18.3% 23.3% 26.9%
ROA (Net income/ Total Assets) 8.27% 3.26% 7.37% 4.43% 0.17% 3.1% 5.4% 6.8%
Assets 1 1,554 -4,220 930.7 -4,255 -22,719 1,990 1,545 1,461
Book Value Per Share 2 9.450 6.830 7.560 4.070 - 4.510 4.990 5.160
Cash Flow per Share 2 2.550 3.820 1.040 -2.240 1.530 1.490 1.250 2.110
Capex 1 34.4 10.3 17.6 36.5 14.6 39.8 30.8 35
Capex / Sales 1.51% 0.58% 0.73% 1.36% 0.65% 2.32% 1.7% 1.86%
Announcement Date 25/02/20 25/02/21 23/02/22 22/02/23 21/02/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
9
Last Close Price
10.75 USD
Average target price
9.833 USD
Spread / Average Target
-8.53%
Consensus
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  4. Financials Wolverine World Wide, Inc.