CAL · sample dossier
Caleres Inc
46/100
OutdatedGenerated Aug 29, 2026 · 10:00 AM UTC · 69 days ago
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EquityCaleres Inc
Decision context
Recommendation
Balanced between solid Value (75/100) and constrained Momentum (13/100).
A mixed picture — no strong reason to buy or sell right now.
AlphaDog Fair Value
Executive thesis & key metrics
Executive Investment Thesis
Caleres Inc is a footwear retailer and brand operator with a market cap of $419.20M, trading at a Price/Book of 0.68 and an EV/EBITDA of 11.49. Top-line revenue expansion of 8.5% YoY and 100.0% YoY EPS growth support operational traction, though net margin remains compressed at 0.0%. Financial leverage presents significant vulnerability with a Debt/Equity ratio of 1.53 alongside negative free cash flow of -$0.09 per share.
Key Metrics to Watch
What changed recently
No material changes found in the last 30 days.
Why this rating
Score 46 · Hold
Data through
OutdatedApr 30, 2026
Composite 46/100 — no single factor above 75 dominates.
Re-evaluate if
- Net margin falls below 0.0% (was 0.0%)
- Debt/Equity rises above 1.53
Trim / reconsider if
- ROA falls below 1.1% (was 1.8%)
- Revenue growth YoY drops below 0.0% from 8.5%
Think of these dollars as a map of our value estimate for Hold — helpful context, not a reason to override the view.
A Calmer Look · Devil's Advocate
The prevailing consensus assigns a neutral 'Hold' with a 46/100 score, assuming the low 0.68 P/B valuation and stable 44.0% gross margin provide downside protection, but this overlooks severe balance sheet decay.
May be overlooked
The 0.68 P/B multiple is treated as an asset floor without accounting for potential asset impairment on inventory or intangibles given an ROA of only 1.8%.
Consensus emphasizes 8.5% YoY revenue growth while ignoring that net margin remains pinned at 0.0%, indicating zero operating leverage.
The grey-zone Altman Z-score of 2.07 is omitted in standard scoring red flags despite high leverage (Debt/Equity of 1.53) and negative FCF per share of $-0.09.
Expectations look stretched
Treating $530k in insider purchases as a definitive turnaround indicator while the business generates negative free cash flow of $-0.09 per share.
Assuming the 44.0% gross margin reflects durable pricing power when net income yields zero percent conversion.
Overweighting reported 100% YoY EPS growth that followed a deeply depressed prior baseline, including a $-0.70 loss quarter.
Debt/Equity rises above 1.53
Debt/Equity rises above 1.53
Monitor These Triggers
3 Checkpoints · Next PrintNet Margin (current baseline: 0.0%) to confirm conversion of 8.5% revenue growth into GAAP profitability.
Market context
Snapshot returns at report publication
1 month
-2.5%
3 months
-14.5%
6 months
+4.0%
1 year
-1640.0%
At a Glance
A smaller company is in a pullback.
Top Holders
Go deeper
For learning and research only — not investment advice. AlphaDog doesn’t hold stocks and isn’t your financial advisor.
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