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Under Armour Inc Class C UA

Morningstar Rating
$6.51 −0.12 (1.81%)
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Company Report

Under Armour Earnings: Plank Announces Restructuring and Bold Plans in Return; Shares Undervalued

No-moat Under Armour’s performance in its (March-ended) fiscal 2024 fourth quarter met expectations, but the focus was almost entirely on how Kevin Plank, reinstated as CEO in March, plans to fix the business. On the earnings call, Plank acknowledged years of missteps under prior executives and highlighted a renewed focus on core men’s performance apparel, faster product development, full-price selling, and North America operations. He also announced another restructuring plan that will include layoffs and other cost cuts. While it makes sense that Plank wants to double down on Under Armour’s strengths, and the sportswear market is large enough to support many producers, success is far from certain. Rising brands like On and Hoka have made the market more competitive than ever.

Price vs Fair Value

UA is trading at a 827% premium.
Price
$6.63
Fair Value
$96.30
Uncertainty
High
1-Star Price
$17.16
5-Star Price
$8.60
Economic Moat
Yrtl
Capital Allocation
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Bulls Say, Bears Say

Bulls

Under Armour has implemented a plan called Protect This House 3 that could make it more competitive. It has introduced a loyalty program, is upgrading its digital capabilities, and is introducing more stylish merchandise.

Bears

Inflation and slowing consumer spending on activewear have impeded Under Armour’s turnaround efforts.

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News

Trading Information

Previous Close Price
$6.63
Day Range
$6.496.74
52-Week Range
$5.868.99
Bid/Ask
$6.45 / $6.59
Market Cap
$2.83 Bil
Volume/Avg
5.7 Mil / 3.4 Mil

Key Statistics

Price/Earnings (Normalized)
10.35
Price/Sales
0.51
Dividend Yield (Trailing)
Dividend Yield (Forward)
Total Yield
2.61%

Company Profile

Under Armour develops, markets, and distributes athletic apparel, footwear, and accessories in North America, Asia-Pacific, Europe, and other regions. Consumers of its performance-based clothing and shoes include professional and amateur athletes, sponsored college and professional teams, and people with active lifestyles. The company sells merchandise through direct-to-consumer, including e-commerce and more than 400 combined factory house and brand house stores, and wholesale channels. Under Armour also operates a digital fitness app called MapMyFitness. The Baltimore-based company was founded in 1996.
Sector
Consumer Cyclical
Industry
Apparel Manufacturing
Stock Style Box
Small Core
Total Number of Employees
14,800

Competitors

Valuation

Metric
UA
HBI
ADDYY
Price/Earnings (Normalized)
10.3548.5142.60
Price/Book Value
1.325.038.72
Price/Sales
0.510.311.91
Price/Cash Flow
6.7761.9039.14
Price/Earnings
UA
HBI
ADDYY

Financial Strength

Metric
UA
HBI
ADDYY
Quick Ratio
1.180.510.53
Current Ratio
2.131.591.22
Interest Coverage
77.120.881.16
Quick Ratio
UA
HBI
ADDYY

Profitability

Metric
UA
HBI
ADDYY
Return on Assets (Normalized)
5.88%0.33%0.75%
Return on Equity (Normalized)
14.17%5.66%2.96%
Return on Invested Capital (Normalized)
8.23%4.80%2.15%
Return on Assets
UA
HBI
ADDYY
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PVH
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GIL
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VFC
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UAA
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