SKX

A B C D E F G H

1 Live Preview of Old School Value >>

2 Figures in Millions except per share values

3 Skechers USA Inc. (SKX) 2010 2011 2012 2013 2014 2015 TTM
4 Revenue $ 1,205.4 $ 1,394.2 $ 1,440.7 $ 1,438.1 $ 2,011.4 $ 1,613.6 $ 1,455.6
5 EBT $ 112.6 $ 118.3 $ 60.7 $ 71.1 $ 196.6 $ (131.0) $ (91.7)
6 EBIT $ 121.9 $ 123.1 $ 65.3 $ 74.2 $ 199.6 $ (123.2) $ (79.6)
7 Interest Expense $ 9.2 $ 4.8 $ 4.6 $ 3.0 $ 3.0 $ 7.9 $ 12.1
8 Income Tax $ 41.7 $ 42.6 $ 7.3 $ 20.2 $ 60.2 $ (63.5) $ (40.5)
9 Net Income $ 71.0 $ 75.7 $ 55.4 $ 54.7 $ 136.1 $ (67.5) $ (52.1)
10 Total Assets $ 737.1 $ 828.0 $ 876.3 $ 995.6 $ 1,304.8 $ 1,281.9 $ 1,316.1
11 Shareholders Equity $ 449.1 $ 626.7 $ 668.7 $ 745.9 $ 908.2 $ 852.6 $ 872.8
12
13 Three-Step DuPont Model:
14 Net Profit Margin (Net Income ÷ Sales) 5.9% 5.4% 3.8% 3.8% 6.8% -4.2% -3.6%
15 Asset Turnover (Sales ÷ Total Assets) 1.64 1.68 1.64 1.44 1.54 1.26 1.11
16 Equity Multiplier (Total Assets ÷ Shareholders Equity) 1.64 1.32 1.31 1.33 1.44 1.50 1.51
17 Return on Equity 15.8% 12.1% 8.3% 7.3% 15.0% -7.9% -6.0%
18
19 Five-Step DuPont Model:
20 Tax Burden (Net Income ÷ EBT) 0.63 0.64 0.91 0.77 0.69 0.51 0.57
21 Interest Burden (EBT ÷ EBIT) 0.92 0.96 0.93 0.96 0.98 1.06 1.15
22 Operating Income Margin (EBIT ÷ Sales) 10.1% 8.8% 4.5% 5.2% 9.9% -7.6% -5.5%
23 Asset Turnover (Sales ÷ Total Assets) 1.64 1.68 1.64 1.44 1.54 1.26 1.11
24 Equity Multiplier (Total Assets ÷ Shareholders Equity) 1.64 1.32 1.31 1.33 1.44 1.50 1.51
25 Return on Equity 15.8% 12.1% 8.3% 7.3% 15.0% -7.9% -6.0%
26
27 8.0% 1.80
15.0% 1.80
28
1.60
29 6.0% 1.60
30 1.40 10.0% 1.40
31 4.0%
1.20 1.20
32
2.0% 5.0%
33 1.00 1.00
34
0.0% 0.80 0.80
35 0.0%
2010 2011 2012 2013 2014 2015 TTM
36 0.60 2010 2011 2012 2013 2014 2015 TTM0.60
37 -2.0%
0.40 -5.0% 0.40
38
39 -4.0% 0.20
0.20
40
-6.0% 0.00 -10.0% 0.00
41 Net Profit Margin (Net Income ÷ Sales)
Operating Income Margin (EBIT ÷ Sales)
42 Asset Turnover (Sales ÷ Total Assets)
Tax Burden (Net Income ÷ EBT)
43 Equity Multiplier (Total Assets ÷ Shareholders Equity)
Interest Burden (EBT ÷ EBIT)
44
Asset Turnover (Sales ÷ Total Assets)
45
Equity Multiplier (Total Assets ÷ Shareholders Equity)
46 Source: Old School Value Stock Valuation Spreadsheets

file:///conversion/tmp/activity_task_scratch/713928706.xls
 SHOO

A B C D E F G H

1 Live Preview of Old School Value >>

2 Figures in Millions except per share values

3 Steve Madden (SHOO) 2010 2011 2012 2013 2014 2015 TTM
4 Revenue $ 475.2 $ 431.1 $ 457.0 $ 503.6 $ 635.4 $ 987.3 $ 1,195.4
5 EBT $ 80.9 $ 56.1 $ 46.3 $ 80.8 $ 125.9 $ 158.8 $ 172.2
6 EBIT $ 81.0 $ 56.2 $ 46.5 $ 80.9 $ 125.9 $ 158.8 $ 172.3
7 Interest Expense $ 0.1 $ 0.1 $ 0.2 $ 0.1 $ 0.0 $ 0.1 $ 0.1
8 Income Tax $ 34.7 $ 20.4 $ 18.3 $ 30.7 $ 50.1 $ 61.6 $ 61.8
9 Net Income $ 46.3 $ 35.7 $ 28.0 $ 50.1 $ 75.7 $ 97.3 $ 110.4
10 Total Assets $ 251.4 $ 266.5 $ 284.7 $ 326.9 $ 447.7 $ 639.8 $ 795.3
11 Shareholders Equity $ 211.9 $ 215.3 $ 206.2 $ 267.8 $ 357.3 $ 474.9 $ 586.5
12
13 Three-Step DuPont Model:
14 Net Profit Margin (Net Income ÷ Sales) 9.7% 8.3% 6.1% 10.0% 11.9% 9.9% 9.2%
15 Asset Turnover (Sales ÷ Total Assets) 1.89 1.62 1.61 1.54 1.42 1.54 1.50
16 Equity Multiplier (Total Assets ÷ Shareholders Equity) 1.19 1.24 1.38 1.22 1.25 1.35 1.36
17 Return on Equity 21.8% 16.6% 13.6% 18.7% 21.2% 20.5% 18.8%
18
19 Five-Step DuPont Model:
20 Tax Burden (Net Income ÷ EBT) 0.57 0.64 0.60 0.62 0.60 0.61 0.64
21 Interest Burden (EBT ÷ EBIT) 1.00 1.00 1.00 1.00 1.00 1.00 1.00
22 Operating Income Margin (EBIT ÷ Sales) 17.1% 13.0% 10.2% 16.1% 19.8% 16.1% 14.4%
23 Asset Turnover (Sales ÷ Total Assets) 1.89 1.62 1.61 1.54 1.42 1.54 1.50
24 Equity Multiplier (Total Assets ÷ Shareholders Equity) 1.19 1.24 1.38 1.22 1.25 1.35 1.36
25 Return on Equity 21.8% 16.6% 13.6% 18.7% 21.2% 20.5% 18.8%
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46 Source: Old School Value Stock Valuation Spreadsheets

file:///conversion/tmp/activity_task_scratch/713928706.xls