Fossil Group, Inc. (FOSL) vs Wolverine World Wide, Inc. (WWW)

Fossil Group, Inc. and Wolverine World Wide, Inc. are both Footwear & Accessories companies. Wolverine World Wide, Inc. is the larger, with a market value of $1.6B against $337.7M — 4.7× the size. Fossil Group, Inc. has negative trailing earnings, so its P/E is not meaningful; Wolverine World Wide, Inc. trades at 14.8×. Wolverine World Wide, Inc. grew revenue faster over the last twelve months: 7.16% against −9.10%. Wolverine World Wide, Inc. has the higher net margin (5.55% vs −7.09%) and the higher return on invested capital (12.4% vs −1.76%). Across the 19 metrics below, Wolverine World Wide, Inc. leads on 14 and Fossil Group, Inc. on 5.

Valuation

Metric FOSL WWW Footwear & Accessories median
P/E n/m 14.78 15.26
P/S 0.37 0.80 1.16
P/B 4.95 3.34 2.59
Price to free cash flow n/m 3.58 12.20
EV/EBITDA 83.71 10.14 8.91
EV/Sales 0.50 1.01 1.24
Earnings yield (20.67%) 6.76% 6.11%
Free cash flow yield (10.15%) 27.94% 4.85%

Profitability

Metric FOSL WWW Footwear & Accessories median
Gross margin 56.73% 47.12% 49.76%
Operating margin (0.57%) 8.69% 8.44%
Net margin (7.09%) 5.55% 5.64%
Free cash flow margin (3.77%) 8.97% 8.18%
Return on equity (67.21%) 26.03% 12.45%
Return on assets (10.29%) 6.15% 6.15%
Return on invested capital (1.76%) 12.38% 9.58%

Growth

Metric FOSL WWW Footwear & Accessories median
Revenue growth (TTM) (9.10%) 7.16% 3.68%
EPS growth (last fiscal year) 25.26% 96.55% —
Revenue growth, 5-year CAGR (9.04%) 0.91% 7.17%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric FOSL WWW Footwear & Accessories median
Debt to equity 2.74 1.17 0.46
Current ratio 1.76 1.55 1.96
Net debt to EBITDA (13.61) 1.93 1.00

Dividend

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

Size

Metric FOSL WWW Footwear & Accessories median
Market cap 337.68m 1.58b 614.40m

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