A Business at a Glance
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WOLVERINE WORLD WIDE INC /DE/
WWW
$1.6B
Mkt Cap
$18.79
+1.84%
WOLVERINE WORLD WIDE INC /DE/ (WWW) has a current P/E ratio of 17.3, compared to its historical median P/E of 14.4. The stock is currently considered Fair based on its historical valuation range.
WOLVERINE WORLD WIDE INC /DE/ (WWW) has a 5-year average return on invested capital (ROIC) of -0.6%. This is below average and may indicate limited pricing power.
WOLVERINE WORLD WIDE INC /DE/ (WWW) has a market capitalization of $2.2B. It is classified as a mid-cap stock.
Yes, WOLVERINE WORLD WIDE INC /DE/ (WWW) pays a dividend with a trailing twelve-month yield of 1.53%. The company also returns capital through share buybacks, with a buyback yield of 0.67%.
Based on historical P/E analysis, WOLVERINE WORLD WIDE INC /DE/ (WWW) appears fair. The current P/E of 17.3 is 20% above its historical median of 14.4. The estimated fair value CAGR (P/E method) is -8.5%.
WOLVERINE WORLD WIDE INC /DE/ (WWW) operates in the Footwear, (No Rubber) industry, within the Consumer Cyclical sector.
Wolverine World Wide, Inc. (the “Company”) is a leading designer, marketer and licensor of a broad range of quality casual footwear and apparel, performance outdoor and athletic footwear and apparel, kids' footwear, industrial work boots and apparel, and uniform shoes and boots. The Company’s products are marketed worldwide in approximately 170 countries and territories through owned operations in the United States ("U.S."), Canada, the United Kingdom ("U.K.") and certain countries in continental Europe and Asia Pacific. In other regions (Latin America, portions of Europe and Asia Pacific, the Middle East and Africa), the Company relies on a network of third-party distributors, licensees and joint ventures. Today, the Company sources and markets a broad range of footwear and apparel styles, including shoes, boots and sandals under many recognizable brand names, including Bates®, Cat®, Chaco®, Harley-Davidson®, Hush Puppies®, HYTEST®, Merrell®, Saucony®, Sweaty Betty® and Wolverine®.
| Metric | TTM | FY2026 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.9B | 1.9B | 1.8B | 2.2B | 2.7B | 1.8B |
| Net Income | 86M | 96M | 45M | -39M | -188M | -138M |
| EPS | $0.75 | $1.14 | $0.55 | $-0.49 | $-2.37 | $-1.70 |
| Free Cash Flow | 54M | 126M | 160M | 107M | -215M | 299M |
| ROIC | 14.8% | 16.7% | 11.3% | -4.0% | -16.3% | -10.8% |
| Gross Margin | 46.3% | 47.3% | 44.3% | 39.0% | 39.9% | 41.1% |
| Debt/Equity | 1.45 | 1.34 | 1.85 | 2.21 | 2.29 | 1.29 |
| Dividends/Share | $0.29 | $0.40 | $0.40 | $0.40 | $0.40 | $0.40 |
| Operating Income | 138M | 150M | 98M | -67M | -208M | -137M |
| Operating Margin | 7.4% | 8.0% | 5.6% | -3.0% | -7.8% | -7.7% |
| ROE | 22.8% | 23.5% | 15.3% | -12.9% | -42.7% | -24.5% |
| Shares Outstanding | 115M | 84M | 82M | 79M | 79M | 81M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 1.6B | 2.7B | 2.8B | 2.5B | 2.4B | 2.2B | 2.3B | 1.8B | 2.7B | 2.2B | 1.8B | 1.9B | 1.9B |
| Gross Margin | 38.3% | 39.6% | 39.3% | 38.5% | 38.9% | 41.1% | 40.6% | 41.1% | 39.9% | 39.0% | 44.3% | 47.3% | 46.3% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 482M | 830M | 815M | 754M | 706M | 654M | 669M | 639M | 906M | 856M | 690M | 730M | 713M |
| EBIT | 114M | 192M | 230M | 164M | 32M | 252M | 171M | -137M | -208M | -67M | 98M | 150M | 138M |
| Op. Margin | 6.9% | 7.1% | 8.3% | 6.6% | 1.3% | 11.2% | 7.5% | -7.7% | -7.8% | -3.0% | 5.6% | 8.0% | 7.4% |
| Net Income | 79M | 98M | 130M | 86M | 300K | 193M | 126M | -138M | -188M | -39M | 45M | 96M | 86M |
| Net Margin | 4.8% | 3.6% | 4.7% | 3.4% | 0.0% | 8.6% | 5.5% | -7.7% | -7.0% | -1.7% | 2.6% | 5.1% | 4.6% |
| Non-Recurring | 0 | 8.3M | 1.0M | 15M | 85M | -300K | 0 | 222M | 519M | 276M | 18M | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 6.8% | 7.2% | 9.1% | 6.6% | 2.4% | 16.5% | 13.1% | -10.8% | -16.3% | -4.0% | 11.3% | 16.7% | 14.8% |
| ROE | 12.9% | 13.3% | 13.9% | 9.0% | 0.0% | 19.9% | 14.4% | -24.5% | -42.7% | -12.9% | 15.3% | 23.5% | 22.8% |
| ROA | 4.6% | 3.7% | 5.2% | 3.5% | 0.0% | 8.4% | 5.4% | -6.4% | -8.1% | -1.7% | 2.4% | 5.6% | 5.0% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 92M | 202M | 315M | 296M | 203M | 98M | 223M | 309M | -179M | 122M | 180M | 140M | 76M |
| Free Cash Flow | 77M | 161M | 285M | 241M | 170M | 76M | 188M | 299M | -215M | 107M | 160M | 126M | 54M |
| Owner Earnings | 49M | 118M | 236M | 230M | 140M | 35M | 165M | 247M | -247M | 72M | 135M | 90M | 27M |
| CapEx | 15M | 42M | 30M | 55M | 32M | 22M | 34M | 10M | 37M | 15M | 20M | 15M | 22M |
| Maint. CapEx | 28M | 56M | 53M | 44M | 37M | 32M | 33M | 33M | 35M | 35M | 26M | 26M | 27M |
| Growth CapEx | 0 | 0 | 0 | 12M | 0 | 0 | 1.7M | 0 | 1.9M | 0 | 0 | 0 | 0 |
| D&A | 28M | 56M | 53M | 44M | 37M | 32M | 33M | 33M | 35M | 35M | 26M | 26M | 27M |
| CapEx/OCF | 16.3% | 20.6% | 9.5% | 21.5% | 16.0% | 22.3% | 15.5% | 3.3% | 20.3% | 12.0% | 11.2% | N/A | 28.7% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 24M | 24M | 24M | 24M | 23M | 29M | 34M | 34M | 33M | 33M | 33M | 33M | 33M |
| Dividend Yield | 0.7% | 0.6% | 1.1% | 1.4% | 1.1% | 1.1% | 1.4% | 1.4% | 2.3% | 3.6% | 3.0% | N/A | 1.5% |
| Share Buybacks | 2.4M | 0 | 0 | 53M | 52M | 175M | 319M | 21M | 81M | 0 | 0 | 15M | 15M |
| Buyback Yield | 0.9% | N/A | N/A | 4.9% | 2.1% | 6.5% | 12.2% | 1.0% | 5.1% | N/A | N/A | N/A | 0.7% |
| Stock-Based Comp | 15M | 28M | 25M | 23M | 25M | 31M | 25M | 29M | 33M | 15M | 19M | 24M | 23M |
| Debt Repayment | 26M | 875M | 250M | 394M | 38M | 538M | 7.5M | 184M | 10M | 118M | 39M | 33M | 33M |
| Balance Sheet | |||||||||||||
| Net Debt | 1.1B | 936M | 677M | 448M | 301M | 302M | 258M | 375M | 602M | 437M | 426M | 340M | 413M |
| Cash & Equiv. | 171M | 214M | 224M | 370M | 481M | 143M | 181M | 347M | 132M | 179M | 152M | 206M | 134M |
| Long-Term Debt | 1.2B | 1.1B | 854M | 780M | 745M | 438M | 426M | 713M | 723M | 606M | 568M | 547M | 546M |
| Debt/Equity | 1.95 | 1.37 | 0.96 | 0.85 | 0.82 | 0.45 | 0.57 | 1.29 | 2.29 | 2.21 | 1.85 | 1.34 | 1.45 |
| Interest Coverage | 7.8 | 3.7 | 5.1 | 4.7 | 1.0 | 10.3 | 5.7 | -3.1 | -4.4 | -1.1 | 2.3 | 4.6 | 4.6 |
| Equity | 642M | 838M | 934M | 967M | 950M | 986M | 767M | 561M | 321M | 279M | 313M | 408M | 377M |
| Total Assets | 2.6B | 2.6B | 2.5B | 2.4B | 2.4B | 2.2B | 2.5B | 2.1B | 2.5B | 2.1B | 1.7B | 1.7B | 1.7B |
| Total Liabilities | 2.0B | 475M | 1.6B | 1.5B | 1.4B | 1.2B | 1.7B | 1.6B | 2.2B | 1.8B | 1.4B | 1.3B | -500K |
| Intangibles | 154M | 127M | 112M | 84M | 77M | 72M | 78M | 73M | 67M | 35M | 32M | 29M | 30M |
| Retained Earnings | 633M | 743M | 852M | 1.0B | 992M | 1.2B | 1.3B | 1.1B | 907M | 835M | 855M | 917M | 894M |
| Working Capital | 756M | 789M | 702M | 698M | 712M | 395M | 180M | 498M | 155M | 156M | 163M | 208M | 183M |
| Current Assets | 1.1B | 1.1B | 1.0B | 1.0B | 1.1B | 868M | 967M | 904M | 1.3B | 1.0B | 696M | 729M | 717M |
| Current Liabilities | 319M | 329M | 341M | 334M | 362M | 473M | 787M | 406M | 1.1B | 869M | 533M | 521M | 534M |
| Per Share Data | |||||||||||||
| EPS | 0.41 | 0.50 | 1.30 | 0.89 | 0.00 | 2.05 | 1.44 | -1.70 | -2.37 | -0.49 | 0.55 | 1.14 | 0.75 |
| Owner EPS | 0.25 | 0.59 | 2.36 | 2.39 | 1.47 | 0.37 | 1.89 | 3.05 | -3.11 | 0.91 | 1.64 | 1.07 | 0.23 |
| Book Value | 3.29 | 4.23 | 9.32 | 10.05 | 9.95 | 10.49 | 8.77 | 6.93 | 4.04 | 3.55 | 3.81 | 4.86 | 3.27 |
| Cash Flow/Share | 0.47 | 1.02 | 3.14 | 3.08 | 2.12 | 1.04 | 2.55 | 3.82 | -2.25 | 1.55 | 2.19 | 1.67 | 0.98 |
| Dividends/Share | 0.12 | 0.12 | 0.24 | 0.24 | 0.24 | 0.32 | 0.40 | 0.40 | 0.40 | 0.40 | 0.40 | 0.40 | 0.29 |
| Shares Out. | 195.1M | 198.2M | 100.2M | 96.2M | 95.4M | 94.0M | 87.4M | 81.0M | 79.5M | 78.6M | 82.2M | 84.0M | 115.3M |
| Valuation | |||||||||||||
| P/E Ratio | 20.1 | 27.5 | 11.1 | 15.4 | N/A | 13.5 | 20.3 | N/A | 11.3 | N/A | 39.8 | N/A | 25.1 |
| P/FCF | 41.4 | 33.6 | 5.1 | 7.4 | 15.2 | 34.4 | 13.6 | 7.0 | N/A | 6.3 | 11.3 | N/A | 39.9 |
| EV/EBIT | 22.5 | 18.4 | 8.6 | 10.0 | 73.9 | 11.4 | 15.8 | N/A | 8.9 | N/A | 22.9 | N/A | 18.7 |
| Price/Book | 2.5 | 3.3 | 1.6 | 2.0 | 2.6 | 2.7 | 3.4 | 3.7 | 2.4 | 2.4 | 5.8 | N/A | 5.8 |
| Price/Sales | 1.0 | 0.8 | 0.8 | 0.7 | 0.9 | 1.2 | 1.1 | 1.4 | 0.6 | 0.4 | 0.6 | N/A | 1.2 |
| FCF Yield | 4.7% | 5.8% | 19.2% | 12.8% | 6.9% | 2.8% | 7.2% | 14.4% | -27.8% | 16.1% | 8.9% | N/A | 2.5% |
| Market Cap | 1.6B | 2.8B | 1.5B | 1.9B | 2.5B | 2.7B | 2.6B | 2.1B | 776M | 666M | 1.8B | N/A | 2.2B |
| Avg. Price | 16.47 | 21.44 | 22.01 | 17.12 | 22.18 | 28.65 | 26.82 | 30.71 | 18.08 | 11.39 | 13.31 | N/A | 18.79 |
| Year-End Price | 16.26 | 27.23 | 14.47 | 18.44 | 27.08 | 27.72 | 29.22 | 25.70 | 9.16 | 8.57 | 21.89 | N/A | 18.79 |
WOLVERINE WORLD WIDE INC /DE/ passes 2 of 9 quality checks, indicating weak fundamentals.
WOLVERINE WORLD WIDE INC /DE/ trades at 17.3x trailing earnings, compared to its 15-year median P/E of 14.4x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 19.9x vs a median of 9.3x. The company's 5-year average gross margin is 42.3%. Total shareholder yield (dividends + buybacks) is 2.2%. At current prices, the estimated annualized return to fair value is -5.2%.
WOLVERINE WORLD WIDE INC /DE/ (WWW) reported annual revenue of $1.9 billion in its most recent fiscal year, based on SEC EDGAR filings.
WOLVERINE WORLD WIDE INC /DE/ (WWW) has a net profit margin of 5.1%. This is a modest margin.
WOLVERINE WORLD WIDE INC /DE/ (WWW) generated $126 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
WOLVERINE WORLD WIDE INC /DE/ (WWW) has a debt-to-equity ratio of 1.34. This indicates moderate leverage.
WOLVERINE WORLD WIDE INC /DE/ (WWW) reported earnings per share (EPS) of $1.14 in its most recent fiscal year.
WOLVERINE WORLD WIDE INC /DE/ (WWW) has a return on equity (ROE) of 23.5%. This indicates the company generates strong returns for shareholders.
WOLVERINE WORLD WIDE INC /DE/ (WWW) has a 5-year average gross margin of 42.3%. This indicates decent pricing power.
The Ledger Terminal provides 15 years of financial data for WOLVERINE WORLD WIDE INC /DE/ (WWW), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
WOLVERINE WORLD WIDE INC /DE/ (WWW) has a book value per share of $4.86, based on its most recent annual SEC filing.