Shoe Carnival, Inc. (SCVL) 株式分析

企業概要

Shoe Carnival, Inc. operates as a prominent family footwear retailer within the United States, specializing in the sale of dress, casual, sandals, boots, and athletic shoes for men, women, and children, alongside non-athletic footwear and accessories. The company functions within the Consumer Cyclical sector, specifically the Apparel Retail industry, which implies that its revenue generation is directly sensitive to broader economic fluctuations and consumer discretionary spending patterns. As of the latest reporting period, the enterprise possesses a market capitalization of 4.6149 億ドル (461.49M 米ドル), generates an annual revenue of 11.4 億ドル (1.14B 米ドル), and employs a workforce of 2,300 人 (2300 人). These financial figures indicate that Shoe Carnival, Inc. holds a significant but mid-tier position in the footwear retail landscape, reflecting a substantial operational scale that allows for diversified product offerings while maintaining a relatively lean employee base per dollar of revenue compared to larger department store chains.

財務健全性

The company reported a trailing twelve-month revenue of 11.4 億ドル (1.14B 米ドル) with a corresponding net income of 5227 万米ドル (52.27M 米ドル) and an EBITDA of 9831 万米ドル (98.31M 米ドル). The substantial gap between the total revenue and net income reveals a cost structure where operating expenses, including cost of goods sold, logistics, and overhead, absorb approximately 54.3% of total revenue before reaching the bottom line. While the EBITDA remains robust at 9831 万米ドル (98.31M 米ドル), the free cash flow stands at a modest 901 万米ドル (9.01M 米ドル), indicating that after accounting for capital expenditures and working capital changes, the company's immediate financial flexibility for debt reduction or aggressive expansion is currently constrained. The gross margin sits at 36.6%, suggesting a healthy pricing power or cost control in sourcing footwear, whereas the operating margin of 4.3% and profit margin of 4.6% indicate that significant operational leverage is required to convert sales into earnings. On the balance sheet, the company holds cash assets of 13073 万米ドル (130.73M 米ドル) against total debt of 37142 万米ドル (371.42M 米ドル), resulting in a debt-to-equity ratio of 53.86 which characterizes the capital structure as highly leveraged. Despite the high leverage, the current ratio of 3.76 demonstrates strong short-term liquidity, as current assets are more than three times current liabilities, ensuring the ability to meet obligations as they come due. Return on Equity is calculated at 7.8% and Return on Assets at 3.6%, metrics that reveal management's effectiveness in generating profits from shareholder equity and utilizing its asset base, respectively, though the ROA suggests capital efficiency could be optimized given the high debt load.

バリュエーション評価

The valuation of Shoe Carnival, Inc. is characterized by a trailing P/E ratio of 8.84 and a forward P/E of 9.11. The minimal difference between these two metrics, moving from 8.84 to 9.11, implies that the market expects earnings growth to be relatively flat or slightly positive in the coming year, rather than anticipating a sharp turnaround or aggressive expansion. The price-to-book ratio stands at 0.67, indicating that the stock trades at a significant discount to its book value, which often suggests the market perceives risk in the asset quality or expects future earnings to be lower than current book assets would imply. Alternative valuation metrics provide further context, with a price-to-sales ratio of 0.41 and an EV/EBITDA of 7.14, suggesting the company is valued conservatively relative to its sales volume and earnings power before interest, taxes, depreciation, and amortization. Regarding price volatility, the stock has traded between a 52-week high of 26.57 米ドル and a 52-week low of 15.04 米ドル. Without the specific current price listed in the provided facts, the relative trading position cannot be precisely calculated, but the wide range indicates significant price discovery over the past year. The beta value is 1.35, which means the stock's price volatility is 35% higher than the broader market, reflecting higher sensitivity to market swings typical for smaller-cap retail stocks.

Growth & Income

Growth metrics for Shoe Carnival, Inc. show a revenue growth of -3.4% year-over-year and an earnings growth of -37.9% year-over-year. The fact that earnings growth is declining at a much faster rate (-37.9%) than revenue (-3.4%) implies that cost pressures, margin compression, or one-time charges are disproportionately impacting profitability compared to top-line sales performance. As a dividend payer, the company offers a dividend yield of 3.7% with a payout ratio of 31.6%. This payout ratio indicates that the company retains the majority of its earnings for reinvestment or debt repayment, and given the negative earnings growth, the sustainability of this dividend depends on the ability to stabilize earnings in the near future. The overall growth and income profile presents a mixed picture of a mature retailer generating cash flow to support a meaningful dividend while currently experiencing headwinds in both revenue expansion and earnings per share growth.