Grendene SA
BOVESPA:GRND3
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EV/IC
Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.
Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.
Valuation Scenarios
If EV/IC returns to its 3-Year Average (1.2), the stock would be worth R$6.08 (39% upside from current price).
| Scenario | EV/IC Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 0.9 | R$4.38 |
0%
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| 3-Year Average | 1.2 | R$6.08 |
+39%
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| 5-Year Average | 1.4 | R$7.03 |
+60%
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| Industry Average | 0.7 | R$3.59 |
-18%
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| Country Average | 0.8 | R$3.91 |
-11%
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Forward EV/IC
Today’s price vs future invested capital
Peer Comparison
| Market Cap | EV/IC | P/E | ||||
|---|---|---|---|---|---|---|
| BR |
|
Grendene SA
BOVESPA:GRND3
|
4B BRL | 0.9 | 6.1 | |
| US |
|
Nike Inc
NYSE:NKE
|
65.7B USD | 2.5 | 29.2 | |
| JP |
|
Asics Corp
TSE:7936
|
3.1T JPY | 7.5 | 31.2 | |
| US |
|
Deckers Outdoor Corp
NYSE:DECK
|
14.4B USD | 8.7 | 13.8 | |
| CH |
|
On Holding AG
NYSE:ONON
|
11.4B USD | 5.2 | 44 | |
| US |
|
Skechers USA Inc
NYSE:SKX
|
9.5B USD | 1.2 | 14.3 | |
| UK |
|
Birkenstock Holding PLC
NYSE:BIRK
|
7.1B USD | 1.5 | 16 | |
| CN |
|
Huali Industrial Group Co Ltd
SZSE:300979
|
44.5B CNY | 2.9 | 15.7 | |
| US |
|
Crocs Inc
NASDAQ:CROX
|
5.2B USD | 1.6 | -64.3 | |
| DE |
|
Puma SE
XETRA:PUM
|
3.8B EUR | 1 | -5.9 | |
| HK |
|
Yue Yuen Industrial (Holdings) Ltd
HKEX:551
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23.3B HKD | 0.5 | 7.8 |
Market Distribution
| Min | 0 |
| 30th Percentile | 0.6 |
| Median | 0.8 |
| 70th Percentile | 1 |
| Max | 36.6 |
Other Multiples
Grendene SA
Glance View
Grendene SA engages in the development, manufactures distribution, and sale of footwear. The company is headquartered in Sobral, Ceara and currently employs 17,192 full-time employees. The company went IPO on 2004-10-29. The firm's activities are divided into two business segments: Footwear and Furniture. The Footwear division develops, manufactures, distributes and sells shoes for various uses and for all social classes, in the male, female, child and mass market segments. Its brand names portfolio includes Rider, Ipanema, Zaxi, Grendha, Grendene Kids and Melissa, among others. The Furniture division focuses on the sale, import and export of furniture and supplements made from plastic. The firm sells its products through commercial representatives, distributors and direct export. The company operates a number of manufacturing plants in Brazil. The company controls Grendene Argentina SA, MHL Calcados Ltda and Grendene USA Inc, among others.
