PVH Corp. (PVH) vs Under Armour, Inc. (UAA)

PVH Corp. and Under Armour, Inc. are both Apparel Manufacturing companies. PVH Corp. is the larger, with a market value of $3.5B against $1.9B — 1.8× the size. PVH Corp. grew revenue faster over the last twelve months: 1.64% against −3.61%. PVH Corp. has the higher net margin (−1.89% vs −9.99%) and the higher return on invested capital (3.74% vs −4.61%). Across the 18 metrics below, PVH Corp. leads on 14 and Under Armour, Inc. on 4.

Valuation

Metric PVH UAA Apparel Manufacturing median
P/E n/m n/m 17.21
P/S 0.39 0.38 0.44
P/B 0.73 1.32 1.58
Price to free cash flow 4.65 n/m 9.18
EV/EBITDA 4.52 n/m 8.64
EV/Sales 0.54 0.54 0.54
Earnings yield (4.87%) (26.05%) 0.00%
Free cash flow yield 21.49% (4.30%) 9.25%

Profitability

Metric PVH UAA Apparel Manufacturing median
Gross margin 58.78% 46.78% 48.31%
Operating margin 4.07% (2.43%) 2.46%
Net margin (1.89%) (9.99%) (0.46%)
Free cash flow margin 8.44% (1.65%) 5.26%
Return on equity (3.50%) (29.82%) 4.29%
Return on assets (1.47%) (10.99%) 0.00%
Return on invested capital 3.74% (4.61%) 0.00%

Growth

Metric PVH UAA Apparel Manufacturing median
Revenue growth (TTM) 1.64% (3.61%) 0.02%
EPS growth (last fiscal year) (95.08%) (146.81%) —
Revenue growth, 5-year CAGR 4.64% (2.66%) 6.76%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric PVH UAA Apparel Manufacturing median
Debt to equity 0.47 0.41 0.23
Current ratio 1.65 1.81 1.81
Net debt to EBITDA 1.10 (5.45) (0.43)

Dividend

Metric PVH UAA Apparel Manufacturing median
Dividend yield 0.10% — 2.76%
Payout ratio 0.05 0.00 0.07

Size

Metric PVH UAA Apparel Manufacturing median
Market cap 3.49b 1.91b 402.31m

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