Express, Inc. EXPR - equity, debt and subsidiaries

Accuracy score :
97%

Express, Inc.  EXPR

Summary (from latest annual and quarterly report)

  • Total stockholders' equity: 633 million USD
  • Market Cap is 509 million USD ( the last price of the stock is 6.47 USD)
  • Express, Inc. is a specialty retailer company in apparel and related. The company operates in single segment which is Express brick-and-mortar retail stores and e-commerce operations
  •  Total stockholders' equity has increased from 618 million USD in 2016 to 633 million in 2017
  • Company has 207 million USD in cash on account (from latest quarterly report)
  • Total equity – cash on account = 633 million USD – 207 million USD = 426 million USD
  • The company has 239 million USD treasury stock
  • In 2017 company has 10 million USD short-term debt, long – term debt is zero (In 2016 total debt was zero)
  • Company's revenue decreased in 2017 (Fiscal year ends in January) to 2.19 billion USD from 2.35 billion in 2016
  • Net income in 2017 was 57 million USD, Net income in 2016 was 117 million USD

 

Opinion about the company

Fundamentally it is a very good company and in the future, we can expect its growth (Total debt is 10 million USD, the company has 207 million USD in cash on account, ROE is around 6%).

Express is a specialty apparel and accessories retailer offering both women's and men's merchandise. They have over 35 years of experience offering a distinct combination of style and quality at an attractive value, targeting women and men between 20 and 30 years old. They offer their customers an assortment of fashionable apparel and accessories to address fashion needs across multiple aspects of their lifestyles, including work, casual, jeanswear, and going-out occasions.

As of January 28, 2017, they operated 656 stores across the United States, in Canada, and in Puerto Rico, including 104 factory outlet stores. Their stores are located primarily in high-traffic shopping malls, lifestyle centers, outlet centers, and street locations, and average approximately 8,650 gross square feet. They also sell their products through their e-commerce website, www.express.com, and their mobile app, and have franchise agreements with franchisees who operate Express locations in Latin America. Their 2016 merchandise sales were comprised of approximately 63% women's merchandise and approximately 37% men's merchandise. Express currently employs approximately 17,000 employees.

  • All of their 656 stores are leased from third parties
  • Total store rent expense was 219.6 million USD in 2016
  • Express did not pay any dividends in 2016 or 2015
  • In 2016, E-commerce sales increased 5% to $413.4 million
  • Apparel segment represents 87% of total revenues
  • Accessories and other represents 13% of total revenues
  • In 2017, they plan to open approximately 39 factory outlet stores, 20 of which will be converted from existing retail locations

EXPR stand-alone subsidiaries:

  • Apparel segment is worth 700 million USD
  • Accessories segment is worth 100 million USD
  • E-commerce is worth 150 million USD

Total = 950 million USD

During 2016, the Company repurchased 3.2 million shares of its common stock for a total of $51.5 million including commissions. During 2015, the company repurchased 1.7 million shares of its common stock under the 2015 Repurchase Program for an aggregate amount equal to $28.6 million, including commissions

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