Movado Group Inc. (MOVAA) intrinsic value & 10-year financials
Movado Group Inc. (MOVAA) has a Graham intrinsic value of $2.95 per share. Over the last 10 fiscal years revenue grew 2.2% a year to $671.3M, with an average return on invested capital of 10.1%.
- Graham intrinsic value
- $2.95
- Revenue (FY2026)
- $671.3M
- Revenue growth (10-yr CAGR)
- 2.2%
- ROIC (10-yr avg)
- 10.1%
- Free cash flow (FY2026)
- $53.4M
MOVAA 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2026 | $671.3M | $26.6M | $1.17 | $53.4M | 4.4% | 6.8% |
| FY2025 | $653.4M | $18.4M | $0.81 | -$9.5M | 3.1% | 4.2% |
| FY2024 | $672.6M | $46.7M | $2.06 | $68.6M | 8.1% | 13.1% |
| FY2023 | $751.9M | $94.5M | $4.12 | $47.3M | 16.0% | 32.6% |
| FY2022 | $732.4M | $91.6M | $3.87 | $125.2M | 16.0% | 35.0% |
| FY2021 | $506.4M | -$111.5M | -$4.80 | $65.4M | -28.1% | -32.1% |
| FY2020 | $701.0M | $42.7M | $1.83 | $19.4M | 6.1% | 8.7% |
| FY2019 | $679.6M | $61.6M | $2.61 | $75.5M | 9.2% | 20.2% |
| FY2018 | $568.0M | -$15.2M | -$0.66 | $48.9M | 7.6% | 4.6% |
| FY2017 | $552.8M | $35.1M | $1.51 | $52.2M | 9.8% | 7.8% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
MOVADO GROUP INC has demonstrated mature, steady growth, with revenue compounding at 2.2% annually over the past decade.
MOVADO GROUP INC returns on capital have been average, hovering around 10.1% ROIC over the decade.
MOVADO GROUP INC has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, MOVADO GROUP INC is modeled at -2.8% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $2.95 per share.