| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | — | — | — | — | — |
| Sell | — | — | 1 | — | — | — | — | — | — | — | — | — |
| total | individual payouts | |
|---|---|---|
| 2026 | 1.15 |
—
—
—
|
| 2025 | 1.40 |
—
—
—
—
|
| 2024 | 1.40 |
—
—
—
—
|
| 2023 | 1.05 |
—
—
—
—
|
| 2022 | 1.40 |
—
—
—
—
|
| 2021 | 0.95 |
—
—
—
—
—
|
| 2020 | ‡‡‡ |
|
| 2019 | 0.80 |
—
—
—
—
|
| 2018 | 0.80 |
—
—
—
—
|
| 2017 | 0.52 |
—
—
—
—
|
| 2016 | 0.52 |
—
—
—
—
|
| 2024 | 2025 | 2026 | Q'26 | |
|---|---|---|---|---|
| Cash | 262.06 | 208.50 | 230.54 | 211.61 |
| Receivables | 97.38 | 102.92 | 106.16 | 99.50 |
| Inventory | 153.89 | 156.74 | 158.33 | 196.46 |
| Other | 17.96 | 21.79 | 22.21 | 19.60 |
| 531.29 | 489.94 | 517.24 | 527.18 |
| 2024 | 2025 | 2026 | Q'26 | |
|---|---|---|---|---|
| Payables | 32.78 | 34.31 | 21.14 | 35.59 |
| ST’ Debt | — | — | — | — |
| Other | — | — | — | — |
| 111.40 | 112.96 | 113.05 | 123.70 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Earnings | ‡‡‡‡‡ | ‡‡‡ | ‡‡‡‡‡ |
| Book Value | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Apr | Jul | Oct | Jan | Year | |
|---|---|---|---|---|---|
| ’26 | 142.40 | 169.75 | — | — |
—
|
| ’26 | 131.77 | 161.83 | 186.13 | 191.58 |
671.31
|
| ’25 | 134.38 | 157.00 | 180.52 | 181.48 |
653.38
|
| ’24 | 144.91 | 160.39 | 187.69 | 171.41 |
664.39
|
| ’23 | 163.42 | 182.80 | 211.40 | 186.58 |
744.21
|
| ’22 | 134.80 | 173.87 | 217.75 | 205.98 |
732.39
|
| ’21 | 69.67 | 88.54 | 169.86 | 178.33 |
506.40
|
| Apr | Jul | Oct | Jan | Year | |
|---|---|---|---|---|---|
| ’26 | 6.96 | (0.42) | — | — |
—
|
| ’26 | (7.21) | (3.80) | 12.28 | 56.66 |
57.92
|
| ’25 | (18.07) | (17.84) | (4.72) | 39.12 |
(1.50)
|
| ’24 | (21.50) | 30.72 | (1.86) | 69.41 |
76.78
|
| ’23 | (20.75) | (4.64) | 1.74 | 77.99 |
54.34
|
| ’22 | (15.37) | 38.05 | 16.02 | 92.12 |
130.81
|
| ’21 | (25.58) | 14.21 | 4.67 | 75.12 |
68.41
|
| Apr | Jul | Oct | Jan | Year | |
|---|---|---|---|---|---|
| ’26 | 5.77 | (1.64) | — | — |
—
|
| ’26 | (8.76) | (5.12) | 11.58 | 55.58 |
53.27
|
| ’25 | (19.75) | (20.16) | (7.18) | 37.50 |
(9.58)
|
| ’24 | (23.78) | 28.33 | (3.92) | 67.78 |
68.41
|
| ’23 | (22.15) | (6.28) | (0.09) | 75.58 |
47.05
|
| ’22 | (15.82) | 36.58 | 14.11 | 90.00 |
124.87
|
| ’21 | (26.55) | 14.55 | 4.07 | 74.48 |
66.55
|
| Apr | Jul | Oct | Jan | Year | |
|---|---|---|---|---|---|
| ’26 | 0.30 | 0.53 | — | — |
—
|
| ’26 | 0.06 | 0.13 | 0.42 | 0.55 |
1.17
|
| ’25 | 0.13 | 0.16 | 0.22 | 0.36 |
0.81
|
| ’24 | 0.40 | 0.36 | 0.77 | 0.53 |
2.06
|
| ’23 | 0.79 | 1.05 | 1.28 | 1.00 |
4.12
|
| ’22 | 0.40 | 0.82 | 1.33 | 1.33 |
3.87
|
| ’21 | (6.48) | (0.28) | 0.63 | 1.29 |
(4.80)
|
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | 27.72 | 23.94 | 17.86 | 12.85 | 20.61 | — | — | — |
Low Price
|
| ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | 43.95 | 37.28 | 30.44 | 22.25 | 40.50 | — | — | — |
High Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 268 | 1,457 | 1,548 | 1,456 | 1,386 | — | — | — |
Employees
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.73 | 0.51 | 0.43 | 0.45 | 0.48 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 732.39 | 744.21 | 664.39 | 653.38 | 671.31 | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Revenue
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 57.22% | 57.66% | 54.81% | 54.05% | 54.16% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 117.33 | 117.14 | 53.97 | 26.65 | 34.36 | — | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 16.02% | 15.74% | 8.12% | 4.08% | 5.12% | ‡‡‡ | ‡‡‡ | — |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 92.56 | 92.88 | 42.18 | 19.21 | 26.87 | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 12.46 | 10.81 | 9.64 | 9.31 | 9.42 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 31.58 | 33.07 | 29.90 | 29.34 | 30.18 | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Revenue/Sh
|
| ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | 3.87 | 4.12 | 2.06 | 0.81 | 1.17 | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5.64 | 2.41 | 3.46 | (0.07) | 2.60 | — | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.26) | (0.32) | (0.38) | (0.36) | (0.21) | ‡‡‡ | ‡‡‡ | — |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5.38 | 2.09 | 3.08 | (0.43) | 2.40 | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 20.47 | 22.69 | 22.86 | 21.72 | 22.94 | — | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 23.19 | 22.50 | 22.22 | 22.27 | 22.24 | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Shares
|
| ‡‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡ | 9.55 | 8.58 | 13.39 | 21.98 | 20.44 | ‡‡‡‡ | ‡‡‡‡ | — |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.17 | 1.07 | 0.92 | 0.65 | 0.79 | ‡‡‡ | ‡‡‡ | — |
PS Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.81 | 1.56 | 1.21 | 0.88 | 1.03 | ‡‡‡ | ‡‡‡ | — |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.90 | 0.85 | 0.67 | 0.47 | 0.58 | ‡‡‡‡ | ‡‡‡‡ | — |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5.28 | 13.45 | 6.48 | (32.37) | 7.31 | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 130.81 | 54.34 | 76.78 | (1.50) | 57.92 | ‡‡‡ | ‡‡‡ | — |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (5.95) | (7.29) | (8.37) | (8.07) | (4.65) | — | — | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 124.87 | 47.05 | 68.41 | (9.58) | 53.27 | — | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 402.42 | 424.77 | 419.90 | 376.98 | 404.19 | — | — | — |
Working Cap'
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 76.47 | 88.59 | — | — | — | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (200.66) | (162.99) | (262.06) | (208.50) | (230.54) | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 474.78 | 510.54 | 508.05 | 483.58 | 510.26 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 12.37% | 11.67% | 5.35% | 2.47% | 3.61% | — | — | — |
ROA
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 26.79% | 20.79% | 12.32% | 4.55% | 6.66% | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 20.31% | 18.35% | 8.12% | 3.70% | 5.34% | — | — | — |
ROE
|
Movado Group (MOV) has demonstrated resilience through luxury watch industry turbulence, including COVID disruptions and smartwatch competition, with revenue achieving a 25% CAGR to $744 million in 2023 before a 11% dip to $664 million in 2024. Gross margins remain robust at 54-57%, underscoring pricing power, while profitability swung wildly—from a $142 million EBT loss in 2021 to 16% margins and 20% ROE in 2023—before softening in 2024. The standout feature is its fortress-like balance sheet: $262 million net cash position, minimal debt under $90 million, and steady operating cash flow, providing a margin of safety rare in consumer discretionary.
Shares trade at compelling valuations—P/E at 8.6x historically, EV/Sales at 0.67x, and PB below 1x—lagging 2023 profitability peaks amid market skepticism on demand normalization. Insider activity is subdued with no major sells, and analysts forecast a modest 2025 revenue dip followed by 6% CAGR growth, EPS rebounding 131% by 2028, and 23-29% upside to targets.
For risk-averse investors, MOV offers steady brand loyalty and cash-rich stability, but watch for economic slowdowns crimping discretionary spending and tech rivals eroding traditional sales. The setup hints at rerating potential if execution holds, meriting a closer look at full fundamentals.
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