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.



From the website:

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

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