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Boot Barn Holdings, Inc.

BOOT

Retail-Shoe Stores

Mkt Cap

$2.99B

PE

18.23

Debt

-

Cash

$107.2M

EV

-

FCF

$109.5M

Market Cap

$2.99B

P/E Ratio

18.23

Debt

-

Cash

$107.2M

EV

-

FCF

$109.5M
Charts data: {"Earnings":[{"time":"2015-03-27","value":12283000},{"time":"2016-03-25","value":9868000},{"time":"2017-03-31","value":14197000},{"time":"2018-03-30","value":28879000},{"time":"2019-03-29","value":39022000},{"time":"2020-03-27","value":47949000},{"time":"2021-03-26","value":59386000},{"time":"2022-03-25","value":192450000},{"time":"2023-03-31","value":170553000}],"Sales":[{"time":"2015-03-27","value":402684000},{"time":"2016-03-25","value":569020000},{"time":"2017-03-31","value":629816000},{"time":"2018-03-30","value":677949000},{"time":"2019-03-29","value":776854000},{"time":"2020-03-27","value":845575000},{"time":"2021-03-26","value":893491000},{"time":"2022-03-25","value":1488256000},{"time":"2023-03-31","value":1657615000}],"Net Margins":[{"time":"2015-03-27","value":0.030502826037289786},{"time":"2016-03-25","value":0.01734209693859618},{"time":"2017-03-31","value":0.02254150418534937},{"time":"2018-03-30","value":0.042597599524448006},{"time":"2019-03-29","value":0.05023080269909146},{"time":"2020-03-27","value":0.05670579191674305},{"time":"2021-03-26","value":0.06646513507131017},{"time":"2022-03-25","value":0.12931243011954932},{"time":"2023-03-31","value":0.1028905988423126}],"Assets":[{"time":"2015-03-27","value":326704000},{"time":"2016-03-25","value":539326000},{"time":"2017-03-31","value":565581000},{"time":"2018-03-30","value":587941000},{"time":"2019-03-29","value":636075000},{"time":"2020-03-27","value":924711000},{"time":"2021-03-26","value":933581000},{"time":"2022-03-25","value":1199855000},{"time":"2023-03-31","value":1517381000}],"Stockholders Equity":[{"time":"2015-03-27","value":142422000},{"time":"2016-03-25","value":161490000},{"time":"2017-03-31","value":179909000},{"time":"2018-03-30","value":214606000},{"time":"2019-03-29","value":264164000},{"time":"2020-03-27","value":321693000},{"time":"2021-03-26","value":394891000},{"time":"2022-03-25","value":599676000},{"time":"2023-03-31","value":776450000}],"ROE":[{"time":"2015-03-27","value":0.08624369830503714},{"time":"2016-03-25","value":0.061105950832868905},{"time":"2017-03-31","value":0.07891211668121105},{"time":"2018-03-30","value":0.13456753306058544},{"time":"2019-03-29","value":0.14771884132584304},{"time":"2020-03-27","value":0.14905204651639917},{"time":"2021-03-26","value":0.15038580266453275},{"time":"2022-03-25","value":0.32092329858123386},{"time":"2023-03-31","value":0.21965741515873527}],"ROA":[{"time":"2015-03-27","value":0.10846515500269358},{"time":"2016-03-25","value":0.05605885864949956},{"time":"2017-03-31","value":0.06686575397688395},{"time":"2018-03-30","value":0.07867286003187395},{"time":"2019-03-29","value":0.10112329520889832},{"time":"2020-03-27","value":0.0796659713142809},{"time":"2021-03-26","value":0.09246760591742977},{"time":"2022-03-25","value":0.21530768301169725},{"time":"2023-03-31","value":0.15275464764617455}]}

Boot Barn Holdings, Inc., a lifestyle retail chain, operates specialty retail stores in the United States. The company's specialty retail stores offer western and work-related footwear, apparel, and accessories for men, women, and kids. It offers boots, shirts, jackets, hats, belts and belt buckles, handbags, western-style jewelry, rugged footwear, outerwear, overalls, denim, and flame-resistant and high-visibility clothing. The company also provides gifts and home merchandise. The company also sells its products through e-commerce websites, including bootbarn.com; sheplers.com; and countryoutfitter.com. The company was formerly known as WW Top Investment Corporation and changed its name to Boot Barn Holdings, Inc. in June 2014. Boot Barn Holdings, Inc. was founded in 1978 and is based in Irvine, California.

Sector

  • DBI Logo

    DBI

  • FL Logo

    FL

Growth

%

%

Discount

%

%

Multiple

g\r+10%+11%+12%+13%+14%
0%109887
+1%1110988
+2%13111098
+3%141311109
+4%1714121110
Years012345678910TV
FCF$109.5M$142.4M$181.1M$225.4M$274.3M$326.1M$378.6M$429.1M$474.4M$511.3M$536.8M$5.368B
DCF$123.8M$137M$148.2M$156.8M$162.1M$163.7M$161.3M$155.1M$145.3M$132.7M$1.327B
Value$2.813B

In the chart Earnings are multiplied by this value.

Earnings Growth 48%
Earnings Stability 92%


Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years03-201503-201603-201703-201803-201903-202003-202103-202203-2023TTM
Net Margin3.1%1.7%2.3%4.3%5%5.7%6.6%13%10%9.6%
ROA11%5.6%6.7%7.9%10%8%9.2%22%15%13%
ROE8.6%6.1%7.9%13%15%15%15%32%22%18%

What is the average Net Margin?

The average Net Margin over the past 5 years is +7.47%.

What is the trend of Net Margin?

The trend of Net Margin over the past 5 years is +1.57%.

What is the average Return on Assets (ROA)?

The average ROA over the past 5 years is +12%.

What is the trend of Return on Assets (ROA)?

The trend of ROA over the past 5 years is +2.07%.

What is the average Return on Equity (ROE)?

The average ROE over the past 5 years is +18.71%.

What is the trend of Return on Equity (ROE)?

The trend of ROE over the past 5 years is +2.7%.


Safety & Stabiliy

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years03-201503-201603-201703-201803-201903-202003-202103-202203-2023TTM
Debt FCF--77.6610.48-------
Debt Equity0.651.541.10-------
MIN
Graham Stability---100%100%100%100%100%100%100%

What is the Debt/FCF?

The Debt/FCF trailing twelve month is -.

What is the trend of Debt/FCF?

The trend of Debt/FCF over the past 5 years is -.

What is the Graham’s Stability?

Graham’s Stability measure stands at 1.00.


Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years03-201603-201803-202003-2022Trend
Revenue17%20%25%11%0.69%
Net Income50%43%53%-11%8.4%
Stockholders Equity25%29%34%29%3.9%
FCF-----28%

What is the 5 year Revenue CAGR?

The Revenue CAGR over the past 5 years is +19.58%.

What is the trend of Revenue growth?

The trend of Revenue growth rate over the past 5 years is +0.69%.

What is the 5 year Earnings CAGR?

The Earnings CAGR over the past 5 years is +42.64%.

What is the trend of Earnings growth?

The trend of Earnings growth rate over the past 5 years is +8.43%.

What is the 5 year Equity CAGR?

The Equity CAGR over the past 5 years is +29.33%.

What is the trend of Equity growth?

The trend of Equity growth rate over the past 5 years is +3.86%.

What is the 5 year FCF CAGR?

The FCF CAGR over the past 5 years is -.

What is the trend of FCF growth?

The trend of FCF growth rate over the past 5 years is -28.07%.