회사 개요
Shoe Carnival, Inc. operates as a family footwear retailer serving the United States market by offering a diverse selection of products including dress and casual shoes, sandals, boots, athletic shoes, and non-athletic footwear for men, women, and children alongside various accessories. The company functions within the Consumer Cyclical sector, specifically under the Apparel Retail industry, which implies its performance is closely tied to discretionary consumer spending patterns and seasonal shopping trends. With a market capitalization of $461.49M and an annual revenue of $1.14B, the entity maintains an operational scale supported by a workforce of 2,300 employees. These valuation and revenue figures indicate that the company occupies a mid-cap position in the footwear retail landscape, reflecting a business model that relies on volume sales of accessible footwear rather than massive market dominance or high-margin luxury positioning.
재무 건전성
The company reported a trailing twelve-month revenue of $1.14B and generated a net income of $52.27M, while EBITDA stood at $98.31M. The significant gap between the $1.14B revenue and the $52.27M net income reveals a cost structure where operating expenses, including cost of goods sold and general administrative costs, consume approximately 95.4% of total sales before interest and taxes. Free cash flow is reported at $9.01M, which suggests limited financial flexibility for capital expenditures or acquisitions relative to the size of the revenue stream. The company maintains a gross margin of 36.6%, an operating margin of 4.3%, and a profit margin of 4.6%, indicating that the business operates on thin profit levels where efficiency in supply chain management and store operations is critical to preserving earnings. On the balance sheet, the company holds $130.73M in cash against $371.42M in total debt, resulting in a debt-to-equity ratio of 53.86%, which characterizes a leveraged balance sheet where interest obligations represent a significant portion of available capital. Liquidity is supported by a current ratio of 3.76, indicating that the company possesses more than three times the current assets necessary to cover its short-term liabilities. Management effectiveness is reflected in a return on equity of 7.8% and a return on assets of 3.6%, metrics that suggest capital generation is moderate and asset utilization is standard for the retail sector.
밸류에이션 평가
Shoe Carnival, Inc. trades with a trailing P/E ratio of 8.84 and a forward P/E of 9.11, where the slight increase in the forward multiple implies that the market expects a modest improvement in earnings trajectory or a re-rating of profitability in the coming fiscal period. The price-to-book ratio stands at 0.67, indicating that the market values the company at a significant discount to its net asset book value, which often occurs in cyclical retail stocks facing margin compression. Alternative valuation metrics such as a price-to-sales ratio of 0.41 and an EV/EBITDA of 7.14 provide further context, suggesting the stock is priced conservatively relative to its sales generation and earnings power before interest and taxes. Regarding price momentum, the 52-week high is recorded at $26.57 and the low at $15.04, meaning the current share price sits within this historical range and reflects recent trading volatility. The stock exhibits a beta of 1.35, which indicates that the security is more volatile than the broader market and is expected to amplify market movements by approximately 35% during periods of heightened equity risk.
Growth & Income
Recent financial performance shows a revenue growth of -3.4% year-over-year and an earnings growth of -37.9% year-over-year, revealing that earnings are contracting at a significantly faster rate than revenue and suggesting that cost pressures or margin erosion are impacting the bottom line more severely than top-line sales. The company offers a dividend yield of 3.7% with a payout ratio of 31.6%, which indicates that the dividend is funded from a substantial portion of earnings and appears sustainable despite the recent decline in profitability. Given the negative earnings growth, maintaining a payout ratio below 50% provides a buffer for the company to retain cash reserves if future earnings do not recover immediately. Overall, the growth and income profile presents a scenario of value-oriented trading where income returns are prioritized over capital appreciation in the short term, with earnings contraction offsetting revenue stability to some degree.