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Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.
As of today (2024-04-20), Skechers USA's Intrinsic Value: Projected FCF is $36.79. The stock price of Skechers USA is $56.41. Therefore, Skechers USA's Price-to-Intrinsic-Value-Projected-FCF of today is 1.5.
The historical rank and industry rank for Skechers USA's Intrinsic Value: Projected FCF or its related term are showing as below:
During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Skechers USA was 3.51. The lowest was 0.91. And the median was 1.68.
The historical data trend for Skechers USA's Intrinsic Value: Projected FCF can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Footwear & Accessories subindustry, Skechers USA's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Skechers USA's Price-to-Projected-FCF distribution charts can be found below:
* The bar in red indicates where Skechers USA's Price-to-Projected-FCF falls into.
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.
The details of how we calculate the intrinsic value of stocks are described in detail here.
This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.
Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)
In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):
Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)
Add all the Free Cash Flow together and divide 6 will get Skechers USA's Free Cash Flow(6 year avg) = $204.27.
Skechers USA's Intrinsic Value: Projected FCF for today is calculated as
Intrinsic Value: Projected FCF | = | (Growth Multiple | * | Free Cash Flow (6 year avg) | + | Total Stockholders Equity (Dec23) | * | 0.8) | / | Shares Outstanding (Diluted Average) |
= | (12.267806016876 | * | 204.27008 | + | 4019.342 | * | 0.8) | / | 155.536 | |
= | 36.79 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Skechers USA (NYSE:SKX) Intrinsic Value: Projected FCF Explanation
The growth multiple is capped between 8.35 and 17.74.
Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.
Skechers USA's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as
Price-to-Intrinsic-Value-Projected-FCF | = | Share Price | / | Intrinsic Value: Projected FCF |
= | 56.41 | / | 36.785177171148 | |
= | 1.53 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Thank you for viewing the detailed overview of Skechers USA's Intrinsic Value: Projected FCF provided by GuruFocus.com. Please click on the following links to see related term pages.
Robert Greenberg | director, 10 percent owner, officer: Chief Executive Officer | SKECHERS USA INC, 228 MANHATTAN BEACH BLVD, MANHATTAN BEACH CA 90266 |
Michael Greenberg | director, officer: President | SKECHERS USA INC, 228 MANHATTAN BEACH BLVD, MANHATTAN BEACH CA 90266 |
Phillip Paccione | officer: General Counsel & Secretary | |
Katherine J. Blair | director | 228 MANHATTAN BEACH BOULEVARD, MANHATTAN BEACH CA 90266 |
Richard Siskind | director | C/O R SISKIND & CO, 1385 BROADWAY, NEW YORK NY 10018 |
Mark A Nason | officer: Executive VP | |
David Weinberg | director, officer: Chief Operating Officer | |
Yolanda Macias | director | 228 MANHATTAN BEACH BLVD., MANHATTAN BEACH CA 90266 |
Zulema Garcia | director | 228 MANHATTAN BEACH BLVD., MANHATTAN BEACH CA 90266 |
Jeffrey Greenberg | director | |
Thomas Walsh | director | 12548 W. FETLOCK TRAIL, PEORIA AZ 85383 |
Richard Rappaport | director | 1900 AVENUE OF THE STARS, SUITE 301, LOS ANGELES CA 90067 |
John M Vandemore | officer: Chief Financial Officer | 6355 S. BUFFALO DRIVE, LAS VEGAS NV 89521 |
Morton D Erlich | director | 228 MANHATTAN BEACH BLVD., MANHATTAN BEACH CA 90266 |
Geyer Kosinski | director |
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