Published first at https://www.3minutebreakdowns.com
Crocs stock analysis. Ticker: $CROX
Crocs reported earnings last month and the stock tumbled 20%. Revenue guidance disappointed investors and shares are now down 38% from their all-time high.
At the latest price, Crox now has a market value of ...
Published first at https://www.3minutebreakdowns.com
Crocs stock analysis. Ticker: $CROX
Crocs reported earnings last month and the stock tumbled 20%. Revenue guidance disappointed investors and shares are now down 38% from their all-time high.
At the latest price, Crox now has a market value of 6.1 billion dollars. There’s 186 million of cash on the balance sheet and 1.4 billion of debt, so the enterprise value is 7.3 billion. Meanwhile, revenue over the last 12 months comes to 4.1 billion with 835 million of net income and 940 million of free cash flow. So Crocs stock is now valued at 7.3 times earnings and under 8 times free cash flow.
There’s one key reason why investors are worried about Crocs and it boils down to growth. Total revenue is up just 3% on a trailing twelve month basis and North American sales continue to slow down. But the biggest culprit is the company’s Hey Dude Brand which it bought back in 2021 for 2.5 billion dollars.
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