SHOE STATION GROUP INC (SHOE)

Retail-Shoe Stores

Latest Price

$15.20

TTM P/E

11.26

Normalized P/E

6.08

Div Yield

4.08%

Book Value

24.59

P/B Ratio

0.62

Valuation metrics

EPS: $1.90

Book value / share: $24.46

Formula: √(22.5 × EPS × BVPS)

Graham Number

$32.33

+113% upside

Norm. op. income: $80M (median of 6yr)

Tax rate: 25%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$25.89

+70% upside

Base FCF: $59M (median of recent 5yr)

Growth: 5%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$40.88

+169% upside

EPS: $1.90

Target P/E: 6×

Formula: EPS × P/E

P/E Fair Value

$11.40

25% downside