Thomas Lott
Long/short equity, deep value, special situations, hedge fund manager

Crocs Looks Extremely Cheap

Crocs, Inc.

Crocs Inc (NASDAQ:CROX) today is a solid value stock, trading under 9x trailing earnings, generating impressive 25% ROEs, and growing revenue in the high single digits. With a net cash balance sheet of $3 per share, the stock trades at an 11% FCF yield on TTM figures, and well over 12% on 2013 FCF (that is including growth capex too).

Net of cash, CROX's 7.6x forward P/E ratio is half the level of its peers, who trade today on average at 15x 2013 expected earnings. That is despite better margins and higher ROEs at CROX.

Overview:

Background:

From the website:

"Celebrating its 10th anniversary in 2012, Crocs, Inc. is a world leader in innovative ...

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