Steven Madden, Ltd. (SHOO) vs Vera Bradley, Inc. (VRA)

Steven Madden, Ltd. and Vera Bradley, Inc. are both Footwear & Accessories companies. Steven Madden, Ltd. is the larger, with a market value of $3.3B against $116.8M — 28.2× the size. Vera Bradley, Inc. has negative trailing earnings, so its P/E is not meaningful; Steven Madden, Ltd. trades at 22.3×. Steven Madden, Ltd. grew revenue faster over the last twelve months: 18.2% against −1.74%. Steven Madden, Ltd. has the higher net margin (5.23% vs −3.66%) and the higher return on invested capital (12.8% vs −6.33%). Across the 20 metrics below, Vera Bradley, Inc. leads on 11 and Steven Madden, Ltd. on 9.

Valuation

Metric SHOO VRA Footwear & Accessories median
P/E 22.31 n/m 15.26
P/S 1.17 0.42 1.16
P/B 3.30 0.87 2.59
Price to free cash flow 14.45 3.92 12.20
EV/EBITDA 12.92 6.37 8.91
EV/Sales 1.19 0.40 1.24
Earnings yield 4.48% (8.74%) 6.11%
Free cash flow yield 6.92% 25.50% 4.85%

Profitability

Metric SHOO VRA Footwear & Accessories median
Gross margin 46.13% 50.43% 49.76%
Operating margin 7.50% (3.62%) 8.44%
Net margin 5.23% (3.66%) 5.64%
Free cash flow margin 8.18% 10.69% 8.18%
Return on equity 15.61% (7.36%) 12.45%
Return on assets 7.68% (3.97%) 6.15%
Return on invested capital 12.82% (6.33%) 9.58%

Growth

Metric SHOO VRA Footwear & Accessories median
Revenue growth (TTM) 18.15% (1.74%) 3.68%
EPS growth (last fiscal year) (73.19%) 20.47% —
Revenue growth, 5-year CAGR 16.09% (10.45%) 7.17%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric SHOO VRA Footwear & Accessories median
Debt to equity 0.13 0.00 0.46
Current ratio 1.91 2.44 1.96
Net debt to EBITDA 1.00 4.72 1.00

Dividend

Metric SHOO VRA Footwear & Accessories median
Dividend yield 2.12% — 2.20%
Payout ratio 0.39 0.00 0.00

Size

Metric SHOO VRA Footwear & Accessories median
Market cap 3.29b 116.76m 614.40m

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