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Skechers USA Inc (SKX) Files 10-K for the Fiscal Year Ended on December 31, 2018

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Skechers USA Inc (SKX) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. Skechers USA Inc manufactures footwear for children, men and women under Skechers GO brand name offering two distinct footwear categories: a lifestyle division and performance footwear. Its products include branded apparel, bags, eyewear, toys, and more. Skechers USA Inc has a market cap of $5.44 billion; its shares were traded at around $34.40 with a P/E ratio of 17.78 and P/S ratio of 1.18. Skechers USA Inc had annual average EBITDA growth of 47.80% over the past five years.


For the last quarter Skechers USA Inc reported a revenue of $1.1 billion, compared with the revenue of $976.9 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $4.7 billion, an increase of 11.5% from last year. For the last five years Skechers USA Inc had an average revenue growth rate of 20.1% a year.

The reported diluted earnings per share was $1.92 for the year, an increase of 68.4% from previous year. Over the last five years Skechers USA Inc had an EPS growth rate of 29.7% a year. The Skechers USA Inc had an operating margin of 9.39%, compared with the operating margin of 9.16% a year before. The 10-year historical median operating margin of Skechers USA Inc is 6.91%. The profitability rank of the company is 8 (out of 10).

At the end of the fiscal year, Skechers USA Inc has the cash and cash equivalents of $872.2 million, compared with $736.4 million in the previous year. The long term debt was $88.1 million, compared with $71.1 million in the previous year. The interest coverage to the debt is at a comfortable level of 102.3. Skechers USA Inc has a financial strength rank of 8 (out of 10).

At the current stock price of $34.40, Skechers USA Inc is traded at 31.9% premium to its historical median P/S valuation band of $26.09. The P/S ratio of the stock is 1.18, while the historical median P/S ratio is 0.90. The stock lost 17.82% during the past 12 months.

For the complete 20-year historical financial data of SKX, click here.

This article first appeared on GuruFocus.