Birkenstock Holding PLC (BIRK) vs Wolverine World Wide, Inc. (WWW)

Birkenstock Holding PLC and Wolverine World Wide, Inc. are both Footwear & Accessories companies. Birkenstock Holding PLC is the larger, with a market value of $5.7B against $1.6B — 3.6× the size. Wolverine World Wide, Inc. trades at the lower P/E: 14.8× against 15.7×. Birkenstock Holding PLC grew revenue faster over the last twelve months: 19.2% against 7.16%. Birkenstock Holding PLC has the higher net margin (14.7% vs 5.55%) and the lower return on invested capital (8.63% vs 12.4%). Across the 20 metrics below, Birkenstock Holding PLC leads on 11 and Wolverine World Wide, Inc. on 9.

Valuation

Metric BIRK WWW Footwear & Accessories median
P/E 15.75 14.78 15.26
P/S 2.31 0.80 1.16
P/B 1.87 3.34 2.59
Price to free cash flow 18.66 3.58 12.20
EV/EBITDA 9.52 10.14 8.91
EV/Sales 2.83 1.01 1.24
Earnings yield 6.35% 6.76% 6.11%
Free cash flow yield 5.36% 27.94% 4.85%

Profitability

Metric BIRK WWW Footwear & Accessories median
Gross margin 56.84% 47.12% 49.76%
Operating margin 24.25% 8.69% 8.44%
Net margin 14.74% 5.55% 5.64%
Free cash flow margin 12.39% 8.97% 8.18%
Return on equity 12.45% 26.03% 12.45%
Return on assets 6.40% 6.15% 6.15%
Return on invested capital 8.63% 12.38% 9.58%

Growth

Metric BIRK WWW Footwear & Accessories median
Revenue growth (TTM) 19.21% 7.16% 3.68%
EPS growth (last fiscal year) 85.59% 96.55% —
Revenue growth, 5-year CAGR — 0.91% 7.17%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric BIRK WWW Footwear & Accessories median
Debt to equity 0.67 1.17 0.46
Current ratio 3.78 1.55 1.96
Net debt to EBITDA 1.46 1.93 1.00

Dividend

Metric BIRK WWW Footwear & Accessories median
Dividend yield — 4.72% 2.20%
Payout ratio — 0.21 0.00

Size

Metric BIRK WWW Footwear & Accessories median
Market cap 5.72b 1.58b 614.40m

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