Skechers Usa Stock Beta

SKX Stock

USD 56.86 0.34 0.60%

Skechers USA fundamentals help investors to digest information that contributes to Skechers USA's financial success or failures. It also enables traders to predict the movement of Skechers Stock. The fundamental analysis module provides a way to measure Skechers USA's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Skechers USA stock.

Short Long Term Debt Total Total Assets

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Skechers USA Company Beta Analysis

Skechers USA's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.

Beta

Covariance

Variance

More About Beta | All Equity Analysis

Current Skechers USA Beta

1.34

Most of Skechers USA's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Skechers USA is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Skechers Beta Driver Correlations

Understanding the fundamental principles of building solid financial models for Skechers USA is extremely important. It helps to project a fair market value of Skechers Stock properly, considering its historical fundamentals such as Beta. Since Skechers USA's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Skechers USA's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Skechers USA's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Long Term Debt	Common Stock	Property Plant Equipment	Short Term Investments	Good Will	Net Tangible Assets	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Short Long Term Debt	Cash And Equivalents	Net Invested Capital	Net Working Capital	Long Term Investments	Capital Stock
Total Assets		0.98	0.82	0.99	0.75	0.99	0.98	0.98	0.9	0.78	0.52	0.6	0.92	0.82	0.94	0.88	0.53	0.57	0.92	-0.05	0.33	0.93	0.91	0.49	0.57
Total Stockholder Equity	0.98		0.73	1.0	0.73	0.99	0.93	0.98	0.88	0.72	0.41	0.61	0.94	0.76	0.9	0.88	0.42	0.66	0.89	-0.12	0.23	0.9	0.87	0.47	0.58
Net Debt	0.82	0.73		0.76	0.49	0.76	0.87	0.71	0.86	0.61	0.53	0.21	0.82	0.76	0.8	0.7	0.56	0.21	0.87	0.45	0.24	0.89	0.83	0.44	0.49
Retained Earnings	0.99	1.0	0.76		0.7	0.98	0.94	0.97	0.91	0.72	0.41	0.58	0.95	0.79	0.91	0.87	0.42	0.63	0.9	-0.09	0.22	0.91	0.88	0.47	0.6
Accounts Payable	0.75	0.73	0.49	0.7		0.79	0.74	0.8	0.42	0.73	0.48	0.86	0.55	0.62	0.73	0.87	0.44	0.48	0.56	-0.2	0.23	0.68	0.6	0.22	0.01
Net Receivables	0.99	0.99	0.76	0.98	0.79		0.96	0.99	0.86	0.79	0.45	0.65	0.9	0.82	0.94	0.89	0.46	0.58	0.87	-0.1	0.28	0.9	0.86	0.43	0.54
Total Liab	0.98	0.93	0.87	0.94	0.74	0.96		0.95	0.88	0.82	0.62	0.57	0.87	0.85	0.95	0.86	0.63	0.46	0.92	0.03	0.43	0.93	0.92	0.5	0.53
Total Current Assets	0.98	0.98	0.71	0.97	0.8	0.99	0.95		0.83	0.79	0.51	0.69	0.87	0.79	0.92	0.88	0.52	0.62	0.86	-0.19	0.37	0.87	0.87	0.45	0.53
Short Term Debt	0.9	0.88	0.86	0.91	0.42	0.86	0.88	0.83		0.61	0.36	0.27	0.92	0.77	0.83	0.73	0.4	0.44	0.89	0.15	0.21	0.89	0.88	0.51	0.66
Intangible Assets	0.78	0.72	0.61	0.72	0.73	0.79	0.82	0.79	0.61		0.54	0.55	0.57	0.92	0.92	0.71	0.54	0.15	0.63	-0.09	0.57	0.68	0.69	0.4	0.33
Long Term Debt	0.52	0.41	0.53	0.41	0.48	0.45	0.62	0.51	0.36	0.54		0.36	0.33	0.45	0.57	0.47	1.0	0.22	0.64	0.02	0.78	0.57	0.7	0.36	0.12
Common Stock	0.6	0.61	0.21	0.58	0.86	0.65	0.57	0.69	0.27	0.55	0.36		0.39	0.45	0.53	0.73	0.33	0.62	0.39	-0.63	0.24	0.47	0.43	0.2	-0.02
Property Plant Equipment	0.92	0.94	0.82	0.95	0.55	0.9	0.87	0.87	0.92	0.57	0.33	0.39		0.71	0.83	0.81	0.35	0.62	0.93	0.1	0.05	0.93	0.87	0.51	0.63
Short Term Investments	0.82	0.76	0.76	0.79	0.62	0.82	0.85	0.79	0.77	0.92	0.45	0.45	0.71		0.95	0.76	0.48	0.21	0.74	0.03	0.41	0.79	0.78	0.4	0.44
Good Will	0.94	0.9	0.8	0.91	0.73	0.94	0.95	0.92	0.83	0.92	0.57	0.53	0.83	0.95		0.84	0.59	0.38	0.87	0.01	0.44	0.89	0.89	0.48	0.5
Net Tangible Assets	0.88	0.88	0.7	0.87	0.87	0.89	0.86	0.88	0.73	0.71	0.47	0.73	0.81	0.76	0.84		0.46	0.64	0.79	-0.08	0.12	0.91	0.84	0.41	0.16
Long Term Debt Total	0.53	0.42	0.56	0.42	0.44	0.46	0.63	0.52	0.4	0.54	1.0	0.33	0.35	0.48	0.59	0.46		0.22	0.67	0.03	0.8	0.58	0.72	0.37	0.18
Capital Surpluse	0.57	0.66	0.21	0.63	0.48	0.58	0.46	0.62	0.44	0.15	0.22	0.62	0.62	0.21	0.38	0.64	0.22		0.56	-0.49	-0.04	0.55	0.54	0.42	0.24
Deferred Long Term Liab	0.92	0.89	0.87	0.9	0.56	0.87	0.92	0.86	0.89	0.63	0.64	0.39	0.93	0.74	0.87	0.79	0.67	0.56		0.12	0.36	0.95	0.97	0.55	0.6
Short Long Term Debt	-0.05	-0.12	0.45	-0.09	-0.2	-0.1	0.03	-0.19	0.15	-0.09	0.02	-0.63	0.1	0.03	0.01	-0.08	0.03	-0.49	0.12		-0.23	0.16	0.07	-0.13	0.0
Cash And Equivalents	0.33	0.23	0.24	0.22	0.23	0.28	0.43	0.37	0.21	0.57	0.78	0.24	0.05	0.41	0.44	0.12	0.8	-0.04	0.36	-0.23		0.21	0.41	0.31	0.3
Net Invested Capital	0.93	0.9	0.89	0.91	0.68	0.9	0.93	0.87	0.89	0.68	0.57	0.47	0.93	0.79	0.89	0.91	0.58	0.55	0.95	0.16	0.21		0.96	0.49	0.4
Net Working Capital	0.91	0.87	0.83	0.88	0.6	0.86	0.92	0.87	0.88	0.69	0.7	0.43	0.87	0.78	0.89	0.84	0.72	0.54	0.97	0.07	0.41	0.96		0.5	0.46
Long Term Investments	0.49	0.47	0.44	0.47	0.22	0.43	0.5	0.45	0.51	0.4	0.36	0.2	0.51	0.4	0.48	0.41	0.37	0.42	0.55	-0.13	0.31	0.49	0.5		0.35
Capital Stock	0.57	0.58	0.49	0.6	0.01	0.54	0.53	0.53	0.66	0.33	0.12	-0.02	0.63	0.44	0.5	0.16	0.18	0.24	0.6	0.0	0.3	0.4	0.46	0.35

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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.

Competition

Predict Skechers USA

In accordance with the recently published financial statements, Skechers USA has a Beta of 1.336. This is 59.05% higher than that of the Textiles, Apparel & Luxury Goods sector and 85.56% higher than that of the Consumer Discretionary industry. The beta for all United States stocks is notably lower than that of the firm.

Skechers Beta Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Skechers USA's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Skechers USA could also be used in its relative valuation, which is a method of valuing Skechers USA by comparing valuation metrics of similar companies.

Skechers USA is currently under evaluation in beta category among related companies.

Skechers USA Institutional Holders

Institutional Holdings refers to the ownership stake in Skechers USA that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Skechers USA's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Skechers USA's value.

		Shares
Geode Capital Management, Llc	2023-12-31	2.1 M
Arrowmark Colorado Holdings, Llc (arrowmark Partners)	2023-12-31	1.9 M
Bank Of New York Mellon Corp	2023-12-31	1.8 M
Bank Of America Corp	2023-12-31	1.8 M
Goldman Sachs Group Inc	2023-12-31	1.6 M
Point72 Asset Management, L.p.	2023-09-30	1.5 M
Pacer Advisors, Inc.	2023-12-31	1.5 M
Aqr Capital Management Llc	2023-12-31	1.3 M
Squarepoint Ops Llc	2023-12-31	1.3 M
Fmr Inc	2023-12-31	20 M
Blackrock Inc	2023-12-31	14.5 M

As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Skechers USA will likely underperform.

Skechers Fundamentals

	Return On Equity	0.16
	Return On Asset	0.0681
	Profit Margin	0.07 %
	Operating Margin	0.07 %
	Current Valuation	9.6 B
	Shares Outstanding	135.96 M
	Shares Owned By Insiders	0.85 %
	Shares Owned By Institutions	91.79 %
	Number Of Shares Shorted	2.5 M
	Price To Earning	42.36 X
	Price To Book	2.18 X
	Price To Sales	1.10 X
	Revenue	8 B
	Gross Profit	3.52 B
	EBITDA	966.71 M
	Net Income	545.8 M
	Cash And Equivalents	615.73 M
	Cash Per Share	3.93 X
	Total Debt	1.98 B
	Debt To Equity	0.43 %
	Current Ratio	2.27 X
	Book Value Per Share	26.27 X
	Cash Flow From Operations	1.23 B
	Short Ratio	1.79 X
	Earnings Per Share	3.49 X
	Price To Earnings To Growth	1.19 X
	Target Price	71.0
	Number Of Employees	9.2 K
	Beta	1.34
	Market Capitalization	8.96 B
	Total Asset	7.55 B
	Retained Earnings	3.8 B
	Working Capital	2.29 B
	Current Asset	1.55 B
	Current Liabilities	577.01 M
	Net Asset	7.55 B

About Skechers USA Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Skechers USA's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Skechers USA using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Skechers USA based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

Skechers USA Investors Sentiment

The influence of Skechers USA's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Skechers. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Skechers USA's public news can be used to forecast risks associated with an investment in Skechers. The trend in average sentiment can be used to explain how an investor holding Skechers can time the market purely based on public headlines and social activities around Skechers USA. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Skechers USA's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Skechers USA's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Skechers USA's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Skechers USA.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Skechers USA in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Skechers USA's short interest history, or implied volatility extrapolated from Skechers USA options trading.

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When determining whether Skechers USA offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Skechers USA's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Skechers Usa Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Skechers Usa Stock:

How To Invest In Skechers

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Is Skechers Stock a good investment?

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What is Skechers USA's Net Worth?

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Largest Textiles, Apparel & Luxury Goods Companies

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Largest Consumer Durables & Apparel Companies

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Check out Skechers USA Piotroski F Score and Skechers USA Altman Z Score analysis.

For more information on how to buy Skechers Stock please use our How to Invest in Skechers USA guide.

You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.

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When running Skechers USA's price analysis, check to measure Skechers USA's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Skechers USA is operating at the current time. Most of Skechers USA's value examination focuses on studying past and present price action to predict the probability of Skechers USA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Skechers USA's price. Additionally, you may evaluate how the addition of Skechers USA to your portfolios can decrease your overall portfolio volatility.

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Is Skechers USA's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Skechers USA. If investors know Skechers will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Skechers USA listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.163

Earnings Share

3.49

Revenue Per Share

51.771

Quarterly Revenue Growth

0.044

Return On Assets

0.0681

The market value of Skechers USA is measured differently than its book value, which is the value of Skechers that is recorded on the company's balance sheet. Investors also form their own opinion of Skechers USA's value that differs from its market value or its book value, called intrinsic value, which is Skechers USA's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Skechers USA's market value can be influenced by many factors that don't directly affect Skechers USA's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Skechers USA's value and its price as these two are different measures arrived at by different means. Investors typically determine if Skechers USA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Skechers USA's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Skechers Usa Stock Beta

Skechers USA Company Beta Analysis

Beta

Covariance

Variance

Current Skechers USA Beta

Skechers Beta Driver Correlations

Skechers Beta Peer Comparison

Skechers USA Institutional Holders

Skechers Fundamentals

About Skechers USA Fundamental Analysis

Skechers USA Investors Sentiment

Currently Active Assets on Macroaxis

Complementary Tools for Skechers Stock analysis

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