QualityDipStocks / Consumer Discretionary · Shoe Manufacturing
Wolverine World Wide WWW
Outside our quality screen, so we don’t track its dips. It’s 6% below its 52-week high.
Outside our quality screen, trading well below our fair value estimate, 8% over its Market Value.
- Fair value est.
- $33.94+59%
- Market Value
- $19.79price +8%
- Off 52-wk high
- −6%
- Risk vs market
- Above marketbeta 1.13
52-week range 84% of the way from its 52-week low to its high
Price $21.40Fair value est. $33.94Market Value $19.79
5 bullish · 5 bearish See why
Repriced or dip?
Near its high
The price is 6% below its 52-week high (Oct 31), but the business held up: revenue +7.2%, revenue growth rate +10.0 pts, earnings per share +24.4%.
Some numbers held up (revenue +7.2%, revenue growth rate +10.0 pts, earnings per share +24.4%), others slipped. The price is 6% below its 52-week high.
The price is 6% 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.
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 ($22.70, Oct 31) the price assumed about 1%/yr free-cash-flow growth; at the low ($14.65, Nov 20) about 9%; today about −5%. The last 3 years delivered −11%/yr (revenue).
Dashed line: what the last 3 years delivered, −11%/yr (revenue)
| High | Low | Now | |
|---|---|---|---|
| Price | $22.70Oct 31 | $14.65Nov 20 | $21.40 |
| Implied growth | +1% | +9% | −5% |
| P/E | 21.3× | 13.3× | 16.1× |
| P/FCF | 14.3× | 22.0× | 10.0× |
| EV/Sales | 1.3× | 0.9× | 1.1× |
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 3.0% ±2 points. Bear = 10.5% and 1.0%; bull = 8.5% and 5.0% (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, WWW’s free cash flow would need to shrink about 5% a year for five years; our estimate uses 3%.
Risk vs market
How risk vs market is measured
One year of daily returns (Oct 31 to Nov 2, 252 sessions). Beta = how much WWW 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 more than the market, and its own price swings are 4.2× the S&P 500’s.
- Beta vs S&P 500
- 1.13
- Volatility
- 54% vs 13% SPY
- Correlation SPY
- 0.27
- Correlation QQQ
- 0.15
How it ranks
Where WWW stands vs every one of the 2,467 stocks we cover that has the number. Longer bar = better.
Top quarter on 2 of 6 measures
- Discount to fair value estimate59% · price below our base caseTop 19%of 1,507
- Free cash flow yield10% · free cash flow vs market capTop 13%of 1,690
- Dividends + buybacks yield1.9% · cash paid out or used to retire shares, vs market capLowest 42%of 2,227
- Revenue growth, last 12 months+7.2% · vs the 12 months beforeLowest 40%of 2,184
- Operating margin8.7% · of sales kept as operating profitLowest 43%of 1,549
- Return on invested capital15% · profit per dollar of capitalTop 29%of 1,001
From SEC filings and our fair value estimate model. A ranking, not advice.
Valuation details
DCF $33.94 · MV $19.79 · FCF value $38.64
Assumes 3.0% growth for 5 years (revenue grew -11.3% a year FY22–FY26; floored at 3%), fading to 3%; 9.5% discount rate, 3% terminal growth. FCF base $2.14 a share (trailing 12 months to Jul 4, 2026), from the 10-Q filed Aug 13, 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 $33.94, 59% above the price.
ValuationFree-cash-flow yield of 10.0% (price / FCF 10.0×): $175M of free cash in the last 12 months.
GrowthDiluted EPS grew 107% to $1.14 in FY2026.
ProfitabilityOperating margin widened to 8.0% in FY2026 from −3.0% in FY2023 (SEC filings).
ProfitabilityGross margin widened to 47.3% in FY2026 from 39.0% in FY2023 (SEC filings).
Top bearish points 5 of 5
GrowthSales shrank 11% a year from FY2022 to FY2026.
Cash returnsShare count up 1.1% over 12 months, above the −1.4% median for the 377 Consumer Discretionary companies we cover.
Balance sheetDebt / equity of 1.3×, above the 0.8× median for the 303 Consumer Discretionary companies we cover.
ValuationPrice / book of 3.9×, above the 3.0× median for the 413 Consumer Discretionary companies we cover.
ValuationTrades 8.1% above its Market Value of $19.79, the average price paid since the Aug 13 filing.
All fundamentals
P/E 16.1 · FCF yield 10.0% · ROE 27%
Valuation
- P/E
- 16.1×Consumer Discretionary median 20.1×
- Price / FCF
- 10.0×
- FCF yield
- 10.0%
- EV / EBITDA
- 11.3×
- Price / sales
- 0.90×
- Price / book
- 3.89×
- Market cap
- $1.7Bprice × diluted shares
- Enterprise value
- $2.2B
Growth
- Revenue, 12 months
- $2.0B
- Sales growth, 12 months
- +7.2%vs the 12 months before
- Sales growth, 3 yrs
- −11.3%/yrfrom FY2022
- Diluted EPS, 12 months
- $1.28
- EPS growth, last FY
- +107.3%
- Net income, 12 months
- $108M
- Net income growth
- +27%12 months vs before
Profitability
- Gross margin
- 47.1%
- Operating margin
- 8.7%
- Net margin
- 5.5%
- FCF margin
- 9.0%
- Return on equity
- 27%
- Return on invested capital
- 15%
Balance sheet
- Cash & short-term inv.
- $158M
- Total debt
- $601M
- Net cash
- −$443M
- Debt / equity
- 1.34×
- Interest coverage
- n/ainterest expense not tagged in SEC data
Cash flow & returns
- Free cash flow, 12 months
- $175M
- FCF growth, 12 months
- +36%
- Dividend yield
- 1.92%$34M paid
- Payout ratio
- 31%
- Buybacks, 12 months
- n/anot reported in its SEC filings
- Share count, 1 year
- +1.1%diluted shares vs a year ago
- Stock-based comp
- $24M
Trailing 12 months to Jul 4, 2026; balance sheet at Jul 4, 2026. From Wolverine World Wide’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 $0.1B · Sales +7%
- Free cash flow, 12 months$0.1B
- Free-cash-flow yield10.0%
- Free-cash-flow margin7%
- Gross margin47%
- Operating margin10%
- Return on invested capital15%
- Return on equity28%
- Sales growth (latest quarter vs year-ago quarter)+7%
- Net debt / EBITDA3.0×
Chart & levels
Where the price is vs its key levels and trends.
Key levels
Every level vs today’s $21.40
- 52-wk lowlowest close, 1 year$14.65−31.5%
- Market Valueavg paid since Aug 13$19.79−7.5%
- PriceMon Nov 2 close$21.40you are here
- 52-wk highhighest close, 1 year$22.70+6.1%
- Fair value est.base case$33.94+58.6%
Momentum & 52-week range
RSI 64 · 5 days +5.5%
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 12
- DateThu Nov 12, before the open
- Consensus EPS$0.45
- Year-ago EPS$0.36
- QuarterSep/2026
From Nasdaq’s earnings calendar. A report resets Market Value.
WWW 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 Wolverine World Wide 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, 5:14 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.