Carter's, Inc. (CRI) Aandelenanalyse

Bedrijfsoverzicht

Carter's, Inc. is a leading designer, source, and marketer of branded childrenswear, serving markets both within the United States and internationally. The company operates within the Consumer Cyclical sector, specifically the Apparel Retail industry, which implies its performance is directly correlated with discretionary consumer spending on clothing for infants and young children. This entity employs a workforce of 15,400 individuals and holds a total market capitalization of $1.31B. The company generated $2.90B in annual revenue, a figure that, combined with its substantial market cap, indicates a significant established position within the niche of premium children's apparel.

Financiële gezondheid

Carter's, Inc. reported a trailing twelve-month revenue of $2.90B, accompanied by a net income of $89.49M and an EBITDA of $199.24M. The substantial gap between the $2.90B revenue and the $89.49M net income reveals a cost structure where operating expenses, including cost of goods sold and administrative costs, consume a significant portion of gross receipts before reaching the bottom line. The company generated $51.15M in free cash flow, which signifies a capacity to fund operations, service debt, or invest in new product lines without relying solely on external financing. The gross margin stands at 45.4%, reflecting the pricing power and supply chain efficiency in manufacturing children's clothing, while the operating margin of 8.6% indicates the effectiveness of managing overhead costs relative to revenue. The profit margin of 3.2% demonstrates the final profitability after all expenses, including taxes and interest, have been deducted. On the balance sheet, Carter's holds $508.81M in cash against total debt of $1.21B, resulting in a debt-to-equity ratio of 131.03, which characterizes a highly leveraged financial structure rather than a conservative one. Despite the high leverage, the current ratio of 2.51 suggests that the company maintains strong short-term liquidity, as current assets are more than twice the value of current liabilities. Return on Equity is 10.3% and Return on Assets is 3.6%, metrics that reveal how effectively management utilizes shareholder equity and total assets to generate profits, with the lower ROA relative to ROE suggesting the impact of high debt levels on overall asset efficiency.

Waarderingsbeoordeling

The trailing twelve-month P/E ratio is 14.04, while the forward P/E is 10.00, a difference that implies the market expects earnings to grow significantly in the coming year relative to current levels. The price-to-book ratio is 1.40, indicating that the market values the company at 40% above its book value, which suggests a premium assigned to its brand equity and future growth prospects rather than just its tangible assets. Alternative valuation metrics include a price-to-sales ratio of 0.45 and an EV/EBITDA of 10.02, figures that suggest the stock is priced reasonably relative to its sales volume and enterprise value adjusted for earnings before interest and taxes. The stock has traded between a 52-week low of $23.38 and a high of $44.44, and based on the provided data range, the current valuation context sits within this historical volatility band. With a beta of 0.98, the stock exhibits price volatility that closely mirrors the broader market, indicating it is neither significantly more nor less sensitive to market-wide fluctuations than the average equity.

Growth & Income

The company experienced a revenue growth rate of 7.6% year-over-year, while earnings growth was 4.0% year-over-year. This divergence indicates that earnings are growing slower than revenue, which implies that the cost base or tax burden is increasing at a faster rate than top-line sales, potentially compressing profit margins. As a dividend payer, Carter's offers a dividend yield of 2.8% with a payout ratio of 61.3%, a level that appears sustainable given the company's positive free cash flow and consistent profitability. The payout ratio of 61.3% allows the company to return a substantial portion of earnings to shareholders while retaining nearly 40% for reinvestment or debt reduction. Overall, the growth and income profile presents a mix of steady top-line expansion and reliable income generation, albeit with earnings growth lagging behind revenue expansion.