Rocky Brands, Inc. (RCKY) vs Vera Bradley, Inc. (VRA)

Rocky Brands, Inc. and Vera Bradley, Inc. are both Footwear & Accessories companies. Rocky Brands, Inc. is the larger, with a market value of $334.7M against $116.8M — 2.9× the size. Vera Bradley, Inc. has negative trailing earnings, so its P/E is not meaningful; Rocky Brands, Inc. trades at 11.7×. Rocky Brands, Inc. grew revenue faster over the last twelve months: 9.24% against −1.74%. Rocky Brands, Inc. has the higher net margin (5.72% vs −3.66%) and the higher return on invested capital (7.28% vs −6.33%). Across the 21 metrics below, Rocky Brands, Inc. leads on 12 and Vera Bradley, Inc. on 9.

Valuation

Metric RCKY VRA Footwear & Accessories median
P/E 11.71 n/m 15.26
P/S 0.67 0.42 1.16
P/B 1.28 0.87 2.59
Price to free cash flow 20.60 3.92 12.20
EV/EBITDA 8.29 6.37 8.91
EV/Sales 0.91 0.40 1.24
Earnings yield 8.54% (8.74%) 6.11%
Free cash flow yield 4.85% 25.50% 4.85%

Profitability

Metric RCKY VRA Footwear & Accessories median
Gross margin 42.22% 50.43% 49.76%
Operating margin 8.84% (3.62%) 8.44%
Net margin 5.72% (3.66%) 5.64%
Free cash flow margin 3.25% 10.69% 8.18%
Return on equity 11.48% (7.36%) 12.45%
Return on assets 6.01% (3.97%) 6.15%
Return on invested capital 7.28% (6.33%) 9.58%

Growth

Metric RCKY VRA Footwear & Accessories median
Revenue growth (TTM) 9.24% (1.74%) 3.68%
EPS growth (last fiscal year) 94.74% 20.47% —
Revenue growth, 5-year CAGR 11.69% (10.45%) 7.17%
Net income growth, 5-year CAGR 1.22% 0.00% 0.00%

Health

Metric RCKY VRA Footwear & Accessories median
Debt to equity 0.46 0.00 0.46
Current ratio 2.97 2.44 1.96
Net debt to EBITDA 2.51 4.72 1.00

Dividend

Metric RCKY VRA Footwear & Accessories median
Dividend yield 2.27% — 2.20%
Payout ratio 0.50 0.00 0.00

Size

Metric RCKY VRA Footwear & Accessories median
Market cap 334.66m 116.76m 614.40m

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