Boot Barn Holdings, Inc.
Boot Barn Holdings, Inc. Fundamental Analysis
Boot Barn Holdings, Inc. (BOOT) shows moderate financial fundamentals with a PE ratio of 27.58, profit margin of 10.10%, and ROE of 18.28%. The company generates $2.2B in annual revenue with strong year-over-year growth of 14.64%.
Key Strengths
Areas of Concern
The stock receives a Fundamental Health Score of 69.4/100 based on profitability, valuation, growth, and balance sheet metrics. The C+ grade reflects average fundamentals, with notable risks in certain areas.
Fundamental Health Score
We analyze BOOT's fundamental strength across five key dimensions:
Efficiency Score
WeakBOOT struggles to generate sufficient returns from assets.
Valuation Score
WeakBOOT trades at a premium to fair value.
Growth Score
ExcellentBOOT delivers strong and consistent growth momentum.
Financial Health Score
ExcellentBOOT maintains a strong and stable balance sheet.
Profitability Score
ModerateBOOT maintains healthy but balanced margins.
Key Financial Metrics
Is BOOT Expensive or Cheap?
P/E Ratio
BOOT trades at 27.58 times earnings. This indicates a fair valuation.
PEG Ratio
When adjusting for growth, BOOT's PEG of 5.23 indicates potential overvaluation.
Price to Book
The market values Boot Barn Holdings, Inc. at 4.71 times its book value. This suggests the stock is fully valued or overvalued on an asset basis.
EV/EBITDA
Enterprise value stands at 15.04 times EBITDA. This signals the market has high growth expectations.
How Well Does BOOT Make Money?
Net Profit Margin
For every $100 in sales, Boot Barn Holdings, Inc. keeps $10.10 as profit after all expenses.
Operating Margin
Core operations generate 13.45 in profit for every $100 in revenue, before interest and taxes.
ROE
Management delivers $18.28 in profit for every $100 of shareholder equity.
ROA
Boot Barn Holdings, Inc. generates $9.13 in profit for every $100 in assets, demonstrating efficient asset deployment.
Following the Money - Real Cash Generation
Operating Cash Flow
Boot Barn Holdings, Inc. produces operating cash flow of $266.25M, showing steady but balanced cash generation.
Free Cash Flow
Boot Barn Holdings, Inc. produces free cash flow of $89.51M, offering steady but limited capital for shareholder returns and expansion.
FCF Per Share
Each share generates $2.94 in free cash annually.
FCF Yield
BOOT converts 1.48% of its market value into free cash.
Financial Ratios Analysis
Valuation Ratios
P/E Ratio
Price to earnings ratio
27.58
vs 25 benchmark
PEG Ratio
Price/earnings to growth ratio
5.23
vs 25 benchmark
P/B Ratio
Price to book value ratio
4.71
vs 25 benchmark
P/S Ratio
Price to sales ratio
2.79
vs 25 benchmark
Financial Health
Debt/Equity
Total debt to shareholders' equity
0.55
vs 25 benchmark
Current Ratio
Current assets to current liabilities
2.40
vs 25 benchmark
Efficiency Ratios
ROE
Return on equity percentage
0.18
vs 25 benchmark
ROA
Return on assets percentage
0.09
vs 25 benchmark
ROCE
Return on capital employed
0.15
vs 25 benchmark
How BOOT Stacks Against Its Sector Peers
| Metric | BOOT Value | Sector Average | Performance |
|---|---|---|---|
| P/E Ratio | 27.58 | 25.25 | Neutral |
| ROE | 18.28% | 1170.00% | Weak |
| Net Margin | 10.10% | 742.00% | Weak |
| Debt/Equity | 0.55 | 0.77 | Strong (Low Leverage) |
| Current Ratio | 2.40 | 9.19 | Strong Liquidity |
| ROA | 9.13% | -6467.00% (disorted) | Weak |
BOOT outperforms its industry in 2 out of 6 key metrics, but lagging in ROE.
Historical Growth Performance
5-Year Growth Trajectory
This section reviews Boot Barn Holdings, Inc.'s 5-year compound annual growth rate (CAGR) and compares its performance against the typical investment style of its industry.
Revenue CAGR
111.64%
Industry Style: Cyclical, Growth, Discretionary
High GrowthEPS CAGR
253.37%
Industry Style: Cyclical, Growth, Discretionary
High GrowthFCF CAGR
445.71%
Industry Style: Cyclical, Growth, Discretionary
High Growth