$Steven Madden (SHOO.US)$In the past 5 years, revenue declin...
$Steven Madden (SHOO.US)$In the past 5 years, revenue declined sharply by 33% in 2020, and increased in the remaining 4 years. The average growth rate was 6.5%, and operating profit fell sharply by 73% in 2020, then immediately resumed growth. The average growth rate was 10.6%. Net profit lost slightly in 2020, and the average growth rate for 5 years was 12.8%.
Gross margin has been growing steadily and slowly over the past 5 years, from 37.25% to 41.18%. The increase in operating expenses is relatively restrained, and there is a small amount of interest income. Losses in 2020 were mainly depreciated in capital assets of 81 million dollars; in fact, they should be spread evenly over these 5 years.
The balance ratio has increased from 24% to 32.9% over the past 5 years, and the ratio and growth rate of accounts receivable and inventory are relatively normal.
Treasury stocks reached 1.22 billion, significantly exceeding net assets of $840 million, which is considered a hidden asset.
Over the past five years, net operating volume has greatly exceeded net investment, and shareholders' surplus is high.
Currently, the price-earnings ratio is 13. If the depreciation of 80 billion capital assets is spread evenly over 5 years and reduced from net profit, the profit impact will not be significant. It falls from 217 million to 200 million, corresponding to a price-earnings ratio of 14 million. The valuation is not very high compared to growth, so you can choose (⭐️⭐️)
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