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UnderArmourFinancialData.xlsSheet: reportbuilder
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Under Armour Inc (NYS: UAA)
General Company Information
Principal Office
Website
1020 Hull Street Baltimore, MD 21230 USA
www.underarmour.com
Phone
Primary NAICS
410 454-6428
448110 : Men's Clothing Stores
Auditor
Closing Stock Price
PricewaterhouseCoopers LLP
22.86 (as of 03/01/2019)
Number of Employees
Incorporated
7,000 (Approximate Full-Time as of 12/31/2018)
1996 , MD, United States
Country
Mergent Dividend Achiever
United States
No
Exchange and Ticker
Number of Shareholders
NYS : UAA
1,628 (class A common), 6 (class B convertible common) (as of 01/31/2019)
Primary SIC
Annual Meeting
5136 : Men's and boys' clothing
In May
Business Summary
Under Armour develops, markets and distributes apparel, footwear and accessories for use in athletics, fitness, training, outdoor activities and as part of an active lifestyle. Co.'s apparel is offered in three gear lines, HEATGEAR®, COLDGEAR® and
ALLSEASONGEAR®. Within each gear line Co.'s apparel comes in three primary fit types: compression (tight fit), fitted (athletic fit) and loose (relaxed). Co.'s footwear offerings include running, basketball, cleated, slides and performance training, and
outdoor footwear. Co.'s accessories includes athletic performance gloves, bags and headwear. Co.'s Connected Fitness provides digital fitness subscriptions, along with digital advertising.
Company Details
Financial Highlights
Financial Highlights as of 12/31/2018 in USD
Income Statement
(In Thousands)
Total Revenue
5193185.0
EBITDA
139180.0
Operating Income
-25017.0
Net Income
-46302.0
Revenue per Share
23.5
EPS from Continuing Operations
-0.2
EPS - Net Income - Diluted
-0.2
Share Outstanding
448582.0
Weighted Average Shares Outstanding - Basic
221001.0
Weighted Average Shares Outstanding - Diluted
221001.0
Earnings per Share - Basic
-0.2
Balance Sheet
(In Thousands)
Total Assets
4245022.0
Current Assets
2593628.0
Total Liabilities
2228151.0
Long Term Debt
703834.0
Stockholders' Equity
2016871.0
Total Assets per Share
9.46
Current Liabilities
1315977.0
Net Assets per Share
4.5
Cash Flow Statement
(In Thousands)
Cash from Operations
628230.0
Cash from Investing
-202904.0
Cash from Financing
-189868.0
Capital Expenditures
170385.0
Cash Flow per Share
2.84
Cash & Cash Equivalents, Beginning of Year
318135.0
Cash & Cash Equivalents, End of Year
566060.0
Stock Price and Valuation (Data as of 03/01/2019)
Market Cap(mil)
4293.0
Share Outstanding(000's)
187789.0
Earning Per Share(TTM)
-0.2
Last Closing Price
22.86
Previous Trading Day Range
22.58 - 23.41
52 Week Range
15.73 - 24.31
7 Day Average Closing Price
22.19
30 Day Average Closing Price
21.39
200 Day Average Closing Price
20.55
Beta
0.81
High Price Last 3 Mos.
24.07
Low Price Last 3 Mos.
16.75
Avg Daily Volume Last 3 Mos.
6022434.0
Management Effectiveness
Revenue per Employee
346212.0
Net Income per Employee
-3087.0
ROA % (Net)
-1.12
ROE % (Net)
-2.29
ROI % (Operating)
-0.88
Profitability Ratios
Gross Margin
45.07
Operating Margin
-0.48
EBITDA Margin %
2.68
Calculated Tax Rate %
EBT<0
Profit Margin (TTM)
-0.89
Valuation Ratios
Price/Book (TTM)
3.93
Price/Cash Flow(TTM)
6.22
Asset Management
Total Asset Turnover
1.26
Receivables Turnover
8.23
Inventory Turnover
2.62
Property Plant & Equip Turnover
6.06
Cash & Equivalents Turnover
11.94
Debt Management
Long Term Debt/Equity
0.35
Long Term Debt as % of Invested Capital
25.63
Total Debt/Equity
0.36
Accounts Payable Turnover
9.26
Accrued Expenses Turnover
16.3
Liquidity Indicators
Quick Ratio
0.91
Current Ratio
1.97
Net Current Assets as % of Total Assets
30.1
Free Cash Flow per Share
2.12
Revenue to Assets
1.22
Consensus Estimates
2019Ae
2019Q1e
2019Q2e
Earnings Per Share
0.33
-0.01
-0.03
Revenue
5376.41
1183.7
1203.98
EBITDA
417.64
53.25
38.1
Long Term Debt
Dec. 31, 2018, $736,250,000 (including current portion of $25,000,000) comprised of:
-- 01 -- $136,250,000 term loan, bearing interest at a rate per annum equal to at Co.'s option either at an alternate base rate, or a rate based on the rates applicable for deposits in the interbank market for U.S. Dollars or the applicable currency in
which the loans are made (adjusted LIBOR), plus in each case an applicable margin, whereby, the applicable margin for loans will be adjusted by reference to a grid (the Pricing Grid) based on the consolidated leverage ratio and ranges between 1.00% to
1.25% for adjusted LIBOR loans and 0.00% to 0.25% for alternate base rate loans (weighted average interest rate was 3.2% during the year ended Dec. 31, 2018), due Jan. 2021.
-- 02 -- $600,000,000 3.250% senior unsecured notes, due June 15, 2026.
Line of Credit: Co. is party to a credit agreement that provides revolving commitments for up to $1,250,000,000 of borrowings maturing in Jan. 2021. As of Dec. 31, 2018, there were no amounts outstanding under the revolving credit facility.
Borrowings under the credit agreement bear interest at a rate per annum equal to, at Co.'s option, either (a) an alternate base rate, or (b) a rate based on the rates applicable for deposits in the interbank market for U.S. Dollars or the applicable
currency in which the loans are made (adjusted LIBOR), plus in each case an applicable margin. The applicable margin for loans will be adjusted by reference to a grid (the Pricing Grid) based on the consolidated leverage ratio and ranges between 1.00% to
1.25% for adjusted LIBOR loans and 0.00% to 0.25% for alternate base rate loans. The weighted average interest rate under the revolving credit facility borrowings was 3.0% during the year ended Dec. 31, 2018.
The borrowings under the revolving credit facility have maturities of less than one year. Up to $50,000,000 of the facility may be used for the issuance of letters of credit. There were $4,600,000 of letters of credit outstanding as of Dec. 31, 2018.
The credit agreement contains negative covenants that, subject to significant exceptions, limit the ability of Co. and its subsidiaries to, among other things, incur additional indebtedness, make restricted payments, pledge their assets as security, make
investments, loans, advances, guarantees and acquisitions, undergo fundamental changes and enter into transactions with affiliates. Co. is also required to maintain a ratio of consolidated EBITDA, as defined in the credit agreement, to consolidated
interest expense of not less than 3.50 to 1.00 and is not permitted to allow the ratio of consolidated total indebtedness to consolidated EBITDA to be greater than 3.25 to 1.00 (consolidated leverage ratio). As of Dec. 31, 2018, Co. was in compliance
with these ratios. In addition, the credit agreement contains events of default that are customary for a facility of this nature, and includes a cross default provision whereby an event of default under other material indebtedness, as defined in the
credit agreement, will be considered an event of default under the credit agreement.
Capital Structure
Abbreviation
Description
Structure Type
Exchange
Ticker
Market Cap
Cl A
Cl A
Common
NYS
UAA
4.29285654E9
Cl B Conv Com
Cl B Conv Com
Common
NL
Cl C
Cl C
Common
NYS
UA
4.62317115E9
Business Segments
Business Analysis
Revenues
Operating Income
Report Date
12/31/2016
12/31/2016
Currency
USD
USD
Scale
Thousands
Thousands
North America
4005314.0
408424.0
Europe, the Middle East & Africa
330584.0
11420.0
Asia-Pacific
268607.0
68338.0
Latin America
141793.0
-33891.0
Connected Fitness
80447.0
-36820.0
Totall
-
417471.0
Total
4826745.0
-
Geographic Analysis
Identifiable assets
Report Date
12/31/2017
Currency
USD
Scale
Thousands
North America
14077.0
Report Date
12/31/2017
Currency
USD
Scale
Thousands
ther identifiable assets
108220.0
Earnings Estimates
Broker Summary
Number of Analysts
31.0
Number of Buy Recommendations
4.0
Number of Hold Recommendations
8.0
Number of Sell Recommendations
0.0
Ratios and Statistics
EPS Long-Term Growth
38.76
Forward P/E
65.31
PEG
1.68
Average Target Price $20.98
Price Target Raised in the Past 4 Wks - 6 (DOWN) 2 (UP) 6
Price Target Lowered in the Past 4 Wks - 2
Consensus Estimates Summary
2016A
2017A
2018A
Q12019E
Q22019E
Q32019E
Q42019E
2019E
2020E
2021E
Earnings Per Share
0.45
0.19
0.27
-0.01
-0.03
0.28
0.09
0.33
0.48
0.67
Revenue
4828.19
4976.55
5193.19
1183.7
1203.98
1514.62
1471.2
5376.41
5706.61
6158.55
EBITDA
565.09
330.72
360.77
53.25
38.1
217.5
108.4
417.64
516.15
649.2
Pricing Information
Market Cap(mil)
4,293
Closing Price
As of 03/02/2019 : 22.86
Dividend Yield
N/A
Company Financials
Income Statement
Exchange rate used is that of the Year End reported date
There is no Prelims Annual financial information available for this company at present.
Balance Sheet
Exchange rate used is that of the Year End reported date
There is no Prelims Annual financial information available for this company at present.
Cash Flows
Exchange rate used is that of the Year End reported date
There is no Prelims Annual financial information available for this company at present.
Ratios
Exchange rate used is that of the Year End reported date
Profitability Ratios
12/31/2018
12/31/2017
12/31/2016
ROA % (Net)
-1.12
-1.26
7.87
ROE % (Net)
-2.29
-2.38
13.86
ROI % (Operating)
-0.88
0.96
16.06
EBITDA Margin %
2.68
3.79
11.3
Calculated Tax Rate %
EBT<0
EBT<0
33.82
Revenue per Employee
346212.0
314972.0
511931.0
Liquidity Ratios
12/31/2018
12/31/2017
12/31/2016
Quick Ratio
0.91
0.86
1.26
Current Ratio
1.97
2.2
2.87
Net Current Assets % TA
30.1
31.88
35.1
Debt Management
12/31/2018
12/31/2017
12/31/2016
LT Debt to Equity
0.35
0.38
0.39
Total Debt to Equity
0.36
0.45
0.4
Interest Coverage
-
0.81
15.79
Asset Management
12/31/2018
12/31/2017
12/31/2016
Total Asset Turnover
1.26
1.3
1.48
Receivables Turnover
8.23
8.08
9.11
Inventory Turnover
2.62
2.64
3.04
Accounts Payable Turnover
9.26
10.25
15.77
Accrued Expenses Turnover
16.3
19.69
23.96
Property Plant & Equip Turnover
6.06
5.89
7.17
Cash & Equivalents Turnover
11.94
17.68
25.31
Per Share
12/31/2018
12/31/2017
12/31/2016
Cash Flow per Share
2.84
1.07
1.39
Book Value per Share
4.5
4.57
4.63
