QualityDipStocks / Consumer Discretionary · Shoe Manufacturing
Steven Madden SHOO
Outside our quality screen, so we don’t track its dips. It’s 11% below its 52-week high.
Outside our quality screen, trading well below our fair value estimate.
- Fair value est.
- $58.63+35%
- Market Value
- $44.76price −3%
- Off 52-wk high
- −11%
- Risk vs market
- Highbeta 1.51
5 bullish · 5 bearish See why
Repriced or dip?
Dip: business intact
The price is 11% below its 52-week high (Aug 5), but the business held up: shares outstanding unchanged, operating margin 0.0 pts, free cash flow 0.0%.
Some numbers held up (shares outstanding unchanged, operating margin 0.0 pts, free cash flow 0.0%), others slipped. The price is 11% below its 52-week high.
The price is 11% below its 52-week high, and the business changed too.
Within 10% of its 52-week high, so there is no dip to judge yet.
The evidence 8 numbers, high vs now
- Revenue, last 12 months$2.7B → $2.7B (0.0%)about the same
- Earnings per share, 12 months$2.05 → $2.05 (0.0%)about the same
- Free cash flow, 12 months$224M → $224M (0.0%)held up
- Operating margin7.5% → 7.5% (0.0 pts)held up
- Shares outstanding0.0% (unchanged)held up
- Stock vs its sector (Consumer Discretionary)stock −11%, sector median −3% since Aug 5held up
- Price fall vs business numbersprice −11%, revenue/EPS/FCF median 0% (shown, not scored)
- Valuation multipleP/FCF 15.8× at the high → 14.0× now (shown, not scored)
No new report since the high (Aug 5, 2026): the business numbers are the same as then, so this read is capped at 65. Each measure is scored from −1 (business changed) to +1 (business intact) and weighted: revenue, earnings per share, free cash flow, operating margin, revenue growth rate, share count, net cash and the move vs its sector. 60 or more reads as a dip, 40 or less as a repricing. Analyst estimates are not in our data, so they are not used. How to read it
Data-based read, not advice.
Priced in
How much growth the market assumed at the 52-week high, the low and today (a reverse DCF).
At the high ($49.07, Aug 5) the price assumed about 3%/yr free-cash-flow growth; at the low ($31.37, Mar 13) about 6%; today about 1%. The last 3 years delivered −22%/yr (free cash flow).
Dashed line: what the last 3 years delivered, −22%/yr (free cash flow)
| High | Low | Now | |
|---|---|---|---|
| Price | $49.07Aug 5 | $31.37Mar 13 | $43.53 |
| Implied growth | +3% | +6% | +1% |
| P/E | 24.0× | 45.6× | 21.3× |
| P/FCF | 15.8× | 18.7× | 14.0× |
| EV/Sales | — | 0.9× | — |
What this means: the higher the implied growth, the more the price already counts on. If today's number sits well below what the business has delivered, the market expects less than its track record.
How it’s computed
Reverse DCF: the same 10-year free-cash-flow model as our fair value estimate (9.5% discount rate, growth for years 1–5 fading to 3% by year 10, 3% after), solved for the growth that makes it equal the market value at each price. For the high and the low we use only the filings that were public on that day, so nothing from a later report leaks back. Market value = that close × diluted shares. P/E = market value / 12-month net income; Price / FCF = market value / 12-month free cash flow; EV / Sales = (market value + debt − cash) / 12-month revenue. Hidden when the share count moved over 20% (split, merger), free cash flow is negative, or the company reports in another currency.
Valuation
What we estimate it's worth, and how it ranks on value vs every stock we cover.
Fair value estimate
How the range is computed
Ten-year free-cash-flow DCF. Same 10-year free-cash-flow model as the base: discount rate 9.5% ±1 point and growth 6.1% ±2 points. Bear = 10.5% and 4.1%; bull = 8.5% and 8.1% (both fade to 3%). A model estimate from public filings, not a forecast of where the price will go.
Price is below even the bear case.
What the price implies To be worth today’s price, SHOO’s free cash flow would need to grow about 1% a year for five years; our estimate uses 6%.
Risk vs market
How risk vs market is measured
One year of daily returns (Oct 31 to Nov 2, 252 sessions). Beta = how much SHOO moved for each 1% move in the S&P 500 (SPY); 1.0 moves with the market. Volatility is the yearly standard deviation of daily returns. Past behavior, not a forecast.
Swings much more than the market, and its own price swings are 3.3× the S&P 500’s.
- Beta vs S&P 500
- 1.51
- Volatility
- 42% vs 13% SPY
- Correlation SPY
- 0.46
- Correlation QQQ
- 0.40
How it ranks
Where SHOO stands vs every one of the 1,996 stocks we cover that has the number. Longer bar = better.
Top quarter on 1 of 5 measures
- Discount to fair value estimate35% · price below our base caseTop 27%of 1,314
- Free cash flow yield7.1% · free cash flow vs market capTop 23%of 1,391
- Dividends + buybacks yield2.4% · cash paid out or used to retire shares, vs market capLowest 46%of 1,836
- Revenue growth, last 12 months+18% · vs the 12 months beforeTop 29%of 1,814
- Operating margin7.5% · of sales kept as operating profitLowest 34%of 1,288
From SEC filings and our fair value estimate model. A ranking, not advice.
Valuation details
DCF $58.63 · MV $44.76 · FCF value $74.82
Assumes 6.1% growth for 5 years (revenue grew 6.1% a year FY22–FY25), fading to 3%; 9.5% discount rate, 3% terminal growth. FCF base $3.11 a share (trailing 12 months to Jun 30, 2026), from the 10-Q filed Jul 31, 2026.
Fundamentals
The business itself: sales, profits, cash and debt, from SEC filings.
Bull vs bear
Rule-based from the data on this page, strongest first. Not advice.
Top bullish points 5 of 5
ValuationOur DCF fair value estimate is $58.63, 35% above the price.
Cash returnsFree cash flow grew 90% over the last 12 months vs the 12 months before.
ValuationFree-cash-flow yield of 7.1% (price / FCF 14.0×): $224M of free cash in the last 12 months.
GrowthSales grew 18% to $2.7B over the last 12 months vs the 12 months before (SEC filings).
ProfitabilityReturn on equity of 17% over the last 12 months.
Top bearish points 5 of 5
GrowthDiluted EPS fell 73% to $0.63 in FY2025.
ProfitabilityOperating margin narrowed to 3.2% in FY2025 from 10.8% in FY2023 (SEC filings).
ProfitabilityReturn on equity fell 15 points in two fiscal years, to 6% in FY2025.
Cash returnsShare count up 1.8% over 12 months, above the −1.7% median for the 310 Consumer Discretionary companies we cover.
RiskReports earnings Nov 5 (consensus EPS $0.68): results can move the price sharply and reset Market Value.
All fundamentals
P/E 21.3 · FCF yield 7.1% · ROE 17%
Valuation
- P/E
- 21.3×Consumer Discretionary median 20.7×
- Price / FCF
- 14.0×
- FCF yield
- 7.1%
- EV / EBITDA
- n/aD&A or debt not tagged in SEC data
- Price / sales
- 1.15×
- Price / book
- 3.34×
- Market cap
- $3.1Bprice × diluted shares
- Enterprise value
- n/anot reported in its SEC filings
Growth
- Revenue, 12 months
- $2.7B
- Sales growth, 12 months
- +18.2%vs the 12 months before
- Sales growth, 3 yrs
- +6.1%/yrfrom FY2022
- Diluted EPS, 12 months
- $2.00
- EPS growth, last FY
- −73.2%
- Net income, 12 months
- $148M
- Net income growth
- +55%12 months vs before
Profitability
- Gross margin
- 46.1%
- Operating margin
- 7.5%
- Net margin
- 5.4%
- FCF margin
- 8.2%
- Return on equity
- 17%
- Return on invested capital
- n/aoperating income, debt, equity or cash not tagged
Balance sheet
- Cash & short-term inv.
- n/anot reported in its SEC filings
- Total debt
- $125M
- Net cash
- n/acash or debt not tagged in SEC data
- Debt / equity
- 0.13×
- Interest coverage
- n/ainterest expense not tagged in SEC data
Cash flow & returns
- Free cash flow, 12 months
- $224M
- FCF growth, 12 months
- +90%
- Dividend yield
- 1.95%$61M paid
- Payout ratio
- 41%
- Buybacks, 12 months
- $14M0.4% of market cap
- Share count, 1 year
- +1.8%diluted shares vs a year ago
- Stock-based comp
- $31M
Trailing 12 months to Jun 30, 2026; balance sheet at Jun 30, 2026. From Steven Madden’s SEC filings. Sparklines show up to six fiscal years. n/a means we don’t hold that number, with the reason. How each is computed.
The business
FCF $0.2B · Sales +19%
- Free cash flow, 12 months$0.2B
- Free-cash-flow yield7.1%
- Free-cash-flow margin8%
- Gross margin47%
- Operating margin7%
- Return on invested capital12%
- Return on equity16%
- Sales growth (latest quarter vs year-ago quarter)+19%
- Net debt / EBITDA1.0×
Chart & levels
Where the price is vs its key levels and trends.
Key levels
Every level vs today’s $43.53
- 52-wk lowlowest close, 1 year$31.37−27.9%
- PriceMon Nov 2 close$43.53you are here
- Market Valueavg paid since Jul 30$44.76+2.8%
- 52-wk highhighest close, 1 year$49.07+12.7%
- Fair value est.base case$58.63+34.7%
Momentum & 52-week range
RSI 46 · 5 days +1.8%
Signals
Reversal signal setups, the public ledger and the next earnings date.
Setup & signals
No setup armed
No setup armed, so there’s no trigger or stop to track yet. Reversal signal rules only run on companies that pass our quality screen.
Next report
Nov 5
- DateThu Nov 5, before the open
- Consensus EPS$0.68
- Year-ago EPS$0.43
- QuarterSep/2026
From Nasdaq’s earnings calendar. A report resets Market Value.
SHOO is outside our quality screen
One text when a published rule fires on one of the 332 quality companies we track: the ticker, the price, the stop and a link to the numbers. Nothing else.
Voices & buzz
Who is talking about it, and how it compares with peers.
Who’s talking about it
Notable investors, executives, analysts and public figures on Steven Madden in the last 48 hours. Headlines as published, each linked. Their words, not ours.
No notable mentions in the last 48 hours. Checked Nov 3, 1:01 PM ET.
Compare with peers
Closest in size in Shoe Manufacturing
Information only, not investment advice. Fair value estimates and talking points are rule-based model output from public data and can be wrong; stop levels are reference points, not orders. How every number is computed.