Signet Jewelers Ltd Stock Research

Market Summary

USD72.46-0.50

Market Closed

-0.69%

SIG Alerts

2 major insider sales recently.

SIG Stock Price

SIG RSI Chart

SIG Valuation

Market Cap

3.3B

Price/Earnings (Trailing)

8.04

Price/Sales (Trailing)

0.42

EV/EBITDA

4.54

Price/Free Cashflow

7.48

SIG Price/Sales (Trailing)

SIG Profitability

EBT Margin

6.02%

Return on Equity

30.46%

Return on Assets

6.52%

Free Cashflow Yield

13.36%

SIG Fundamentals

SIG Revenue

Revenue (TTM)

8.0B

Revenue Y/Y

2.92%

Revenue Q/Q

-9.81%

SIG Earnings

Earnings (TTM)

413.7M

Earnings Y/Y

-59.5%

Earnings Q/Q

-74.21%

Price Action

52 Week Range

47.9983.42

(Low)(High)

Last 7 days

-4.0%

Last 30 days

-2.6%

Last 90 days

6.5%

Trailing 12 Months

-7.6%

SIG Financial Health

Current Ratio

1.56

SIG Investor Care

Dividend Yield

1.1%

Dividend/Share (TTM)

0.8

Buy Backs (1Y)

12.74%

Diluted EPS (TTM)

6.24

Peers (Alternatives to Signet Jewelers)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
TJX	86.6B	49.3B	-3.34%	26.41%	25.46	1.76	7.96%	27.42%
ROST	34.9B	18.5B	-10.06%	12.49%	24.4	1.89	1.97%	-10.16%
ULTA	26.2B	9.7B	-3.23%	29.85%	22.02	2.7	19.89%	37.22%
BBY	16.4B	47.9B	-10.65%	-22.21%	10.61	0.34	-8.42%	-41.38%
DKS	10.8B	12.1B	7.05%	30.29%	9.33	0.89	0.47%	-17.21%
MID-CAP
FL	3.5B	8.8B	-11.34%	29.35%	8.33	0.41	-0.59%	-53.34%
SIG	3.3B	8.0B	-2.62%	-7.62%	8.04	0.42	10.91%	-41.72%
GPS	3.3B	15.6B	-31.97%	-32.93%	-16.31	0.21	-6.32%	-178.91%
AEO	2.5B	5.0B	-12.40%	-25.21%	20.16	0.51	-0.42%	-70.18%
ODP	1.9B	8.5B	-6.31%	-1.07%	11.47	0.22	0.30%	179.81%
SMALL-CAP
BBW	334.4M	452.8M	2.57%	28.58%	6.48	0.74	20.67%	53.54%
SPWH	302.0M	1.4B	-13.22%	-31.48%	3.43	0.21	-2.31%	10.45%
ELA	176.1M	179.3M	-7.76%	48.96%	13.98	0.98	42.74%	41.08%
BGFV	162.8M	995.5M	-25.18%	-56.44%	6.23	0.16	-14.31%	-74.48%
BNED	81.5M	1.6B	-29.22%	-61.54%	-1.22	0.05	6.40%	39.64%

Financials for Signet Jewelers

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	0.6%	7,987	7,942	7,976	7,826	7,201
Gross Profit	-0.7%	3,093	3,116	3,169	3,124	2,841
S&GA Expenses	1.4%	2,258	2,227	2,252	2,231	2,059
EBITDA	-7.8%	661	717	759	-	-
EBITDA Margin	-8.3%	0.08*	0.09*	0.10*	-	-
Earnings Before Taxes	-11.0%	481	541	581	884	773
EBT Margin	-11.5%	0.06*	0.07*	0.07*	-	-
Interest Expenses	-3.0%	16.00	16.00	17.00	17.00	19.00
Net Income	-11.8%	414	469	548	770	710
Net Income Margin	-12.3%	0.05*	0.06*	0.07*	-	-
Free Cahsflow	-15.9%	445	528	822	-	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	2.9%	6,346	6,164	6,286	6,575	6,388
Current Assets	-6.1%	3,188	3,396	3,516	3,730	3,995
Cash Equivalents	-61.6%	327	852	928	1,418	1,517
Inventory	10.9%	2,429	2,191	2,216	2,060	2,148
Net PPE	4.4%	592	567	561	576	513
Goodwill	54.7%	752	486	486	485	245
Liabilities	4.6%	4,335	4,144	4,377	4,359	4,201
Current Liabilities	6.6%	2,048	1,920	2,140	2,071	1,972
. Short Term Borrowings	NaN%	-	-	-	0.00	-
LT Debt, Non Current	0.1%	147	147	147	147	147
Shareholder's Equity	-0.7%	1,358	1,368	1,257	1,564	1,535
Retained Earnings	0.6%	2,885	2,868	2,741	2,877	2,581
Additional Paid-In Capital	2.7%	252	246	237	231	272
Accumulated Depreciation	2.2%	1,313	1,285	1,266	1,249	1,275
Shares Outstanding	-0.6%	46.00	46.00	47.00	50.00	53.00

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	-9.7%	618	684	961	1,257	1,250
Share Based Compensation	1.2%	44.00	43.00	48.00	46.00	41.00
Cashflow From Investing	-61.7%	-1,088	-673	-640	-642	-103
Cashflow From Financing	3.0%	-696	-717	-678	-366	-971
Dividend Payments	-1.1%	37.00	37.00	28.00	19.00	10.00
Buy Backs	-3.5%	582	603	580	312	41.00

Risks for SIG

What is the probability of a big loss on SIG?

90%

Probability that Signet Jewelers stock will be more than 20% underwater in next one year

85.4%

Probability that Signet Jewelers stock will be more than 30% underwater in next one year.

70.8%

Probability that Signet Jewelers stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does SIG drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Signet Jewelers was unfortunately bought at previous high price.

Drawdowns

Returns for SIG

Cumulative Returns on SIG

3.3%

10-Year Cumulative Returns

-5.0%

7-Year Cumulative Returns

16.2%

5-Year Cumulative Returns

123.5%

3-Year Cumulative Returns

What are the long-term rolling returns for SIG?

FIve years rolling returns for Signet Jewelers.

Annualized Returns

Which funds bought or sold SIG recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	added	10.77	30,188,600	125,386,000	0.14%
2023-03-06	Rockefeller Capital Management L.P.	reduced	-26.78	-962,000	6,470,000	0.03%
2023-02-28	Voya Investment Management LLC	added	27.74	601,452	1,760,450	-%
2023-02-27	Parallax Volatility Advisers, L.P.	reduced	-97.91	-1,021,020	25,976	-%
2023-02-22	TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY	reduced	-9.88	65,000	971,000	0.01%
2023-02-21	NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	unchanged	-	644	5,644	-%
2023-02-21	MACQUARIE GROUP LTD	sold off	-100	-93,000	-	-%
2023-02-17	Linden Thomas Advisory Services, LLC	new	-	1,077,730	1,077,730	0.30%
2023-02-17	TRUIST FINANCIAL CORP	added	114	597,439	983,439	-%
2023-02-16	MAVERICK CAPITAL LTD	reduced	-18.93	-107,232	2,857,770	0.07%

Latest Funds Activity

Are funds buying SIG calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own SIG

No. of Funds

SIG Alerts

2 major insider sales recently.

Signet Jewelers News

Schedule 13G FIlings of Signet Jewelers

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Mar 13, 2023	green equity investors vi, l.p.	15.3%	8,175,718	SC 13D/A
Feb 14, 2023	select equity group, l.p.	21.4%	9,739,363	SC 13G/A
Feb 09, 2023	vanguard group inc	12.04%	5,469,935	SC 13G/A
Jan 23, 2023	blackrock inc.	18.5%	8,424,400	SC 13G/A
Oct 14, 2022	select equity group, l.p.	21.2%	9,785,818	SC 13G/A
May 27, 2022	select equity group, l.p.	20.3%	9,599,390	SC 13G/A
Feb 14, 2022	select equity group, l.p.	10.53%	5,541,332	SC 13G/A
Feb 14, 2022	d. e. shaw & co, l.p.	2.5%	1,316,789	SC 13G/A
Feb 10, 2022	vanguard group inc	11.69%	6,150,135	SC 13G/A
Feb 03, 2022	contrarius investment management ltd	0.2%	109,537	SC 13G/A

SIG Fair Value

Signet Jewelers fair value in different scenarios

The table shows the Fair Value estimates for Signet Jewelers for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	86.19 18.95%	101.78 40.46%	139.63 92.70%	195.40 169.67%	277.34 282.75%
Current Inflation	82.45 13.79%	96.90 33.73%	128.79 77.74%	176.88 144.11%	247.69 241.83%
Very High Inflation	77.56 7.04%	90.57 24.99%	115.44 59.32%	154.63 113.40%	212.51 193.28%

Historical Signet Jewelers Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Signet Jewelers

View All Filings

Date Filed	Form Type	Document
Mar 23, 2023	4	Insider Trading
Mar 23, 2023	4	Insider Trading
Mar 23, 2023	4	Insider Trading
Mar 23, 2023	4	Insider Trading
Mar 23, 2023	4	Insider Trading
Mar 23, 2023	4	Insider Trading
Mar 23, 2023	4	Insider Trading
Mar 23, 2023	4	Insider Trading
Mar 23, 2023	4	Insider Trading
Mar 23, 2023	4	Insider Trading

Latest Insider Trading transactions for SIG

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-22	FINN MARY ELIZABETH	sold (taxes)	-54,518	75.51	-722	chief people officer
2023-03-22	Drosos Virginia	sold (taxes)	-538,311	75.51	-7,129	chief executive officer
2023-03-22	Wooters Rebecca	sold (taxes)	-58,369	75.51	-773	chief digital officer
2023-03-22	Ptak Stash	gifted	-	-	-791	* see remarks
2023-03-22	Ptak Stash	sold (taxes)	-48,855	75.51	-647	* see remarks
2023-03-22	Lovejoy Stephen E.	sold (taxes)	-40,699	75.51	-539	chief supply chain officer
2023-03-22	Ciccolini Vincent	sold (taxes)	-18,953	75.51	-251	chief accounting officer
2023-03-22	Brace William	sold (taxes)	-49,081	75.51	-650	president - kay jewelers
2023-03-22	Melnick Howard A	sold (taxes)	-42,134	75.51	-558	chief information officer
2023-03-22	Singleton Jamie	sold (taxes)	-133,275	75.51	-1,765	* see remarks

About Signet Jewelers

Virginia C. Drosos

www.signetjewelers.com

30900

Signet Jewelers Limited operates as a diamond jewelry retailer. It operates through three segments: North America, International, and Other. The North America segment operates jewelry stores in jewelry stores in malls, mall-based kiosks, and off-mall locations in the United States and Canada primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Jewelers, Zales Outlet, Diamonds Direct, James Allen, Banter by Piercing Pagoda, and Peoples Jewellers names, as well as operates online through JamesAllen.com and Rocksbox. The International segment operates stores in shopping malls and off-mall locations primarily under the H.Samuel and Ernest Jones brands in the United Kingdom, Republic of Ireland, and Channel Islands. The Other segment is involved in the purchase and conversion of rough diamonds to polished stones, as well as the provision of diamond polishing services. As of January 29, 2022, it operated 2,854 stores and kiosks. Signet Jewelers Limited is based in Hamilton, Bermuda.

SIG Income Statement

2023-01-28

Consolidated Statements Of Operations - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Jan. 28, 2023	Jan. 29, 2022	Jan. 30, 2021
Income Statement [Abstract]
Sales	$ 7,842.1	$ 7,826.0	$ 5,226.9
Cost of sales	(4,790.0)	(4,702.0)	(3,493.0)
Restructuring charges - cost of sales	0.0	0.0	(1.4)
Gross margin	3,052.1	3,124.0	1,732.5
Selling, general and administrative expenses	(2,214.6)	(2,230.9)	(1,587.4)
Restructuring charges	0.0	3.3	(46.2)
Asset impairments, net	(22.7)	(1.5)	(159.0)
Other operating income (expense)	(209.9)	8.5	2.4
Operating income (loss)	604.9	903.4	(57.7)
Interest expense, net	(13.5)	(16.9)	(32.0)
Other non-operating expense, net	(140.2)	(2.1)	0.0
Income (loss) before income taxes	451.2	884.4	(89.7)
Income taxes	(74.5)	(114.5)	74.5
Net income (loss)	376.7	769.9	(15.2)
Dividends on redeemable convertible preferred shares	(34.5)	(34.5)	(33.5)
Net income (loss) attributable to common shareholders	$ 342.2	$ 735.4	$ (48.7)
Earnings (loss) per common share:
Basic (usd per share)	$ 7.34	$ 14.01	$ (0.94)
Diluted (usd per share)	$ 6.64	$ 12.22	$ (0.94)
Weighted average common shares outstanding:
Basic (in shares)	46.6	52.5	52.0
Diluted (in shares)	56.7	63.0	52.0

SIG Balance Sheet

2023-01-28

Consolidated Balance Sheets - USD ($) $ in Millions	Jan. 28, 2023	Jan. 29, 2022
Current assets:
Cash and cash equivalents	$ 1,166.8	$ 1,418.3
Accounts receivable	14.5	19.9
Other current assets	165.9	208.6
Income taxes	9.6	23.2
Inventories	2,150.3	2,060.4
Total current assets	3,507.1	3,730.4
Non-current assets:
Property, plant and equipment, net	586.5	575.9
Operating lease right-of-use assets	1,049.3	1,206.6
Goodwill	751.7	484.6
Intangible assets, net	407.4	314.2
Other assets	281.7	226.1
Deferred tax assets	36.7	37.3
Total assets	6,620.4	6,575.1
Current liabilities:
Accounts payable	879.0	899.8
Accrued expenses and other current liabilities	638.7	501.6
Deferred revenue	369.5	341.3
Operating lease liabilities	288.2	300.0
Income taxes	72.7	28.0
Total current liabilities	2,248.1	2,070.7
Non-current liabilities:
Long-term debt	147.4	147.1
Operating lease liabilities	894.7	1,005.1
Other liabilities	100.1	117.6
Deferred revenue	880.1	857.6
Deferred tax liabilities	117.6	160.9
Total liabilities	4,388.0	4,359.0
Commitments and contingencies
Redeemable Series A Convertible Preference Shares $0.01 par value: 500 shares authorized, 0.625 shares outstanding	653.8	652.1
Shareholders’ equity:
Common shares of $0.18 par value: authorized 500 shares, 44.9 shares outstanding (2022: 49.9 shares outstanding)	12.6	12.6
Additional paid-in capital	259.7	231.2
Other reserves	0.4	0.4
Treasury shares at cost: 25.1 shares (2022: 20.1 shares)	(1,574.7)	(1,206.7)
Retained earnings	3,144.8	2,877.4
Accumulated other comprehensive loss	(264.2)	(350.9)
Total shareholders’ equity	1,578.6	1,564.0
Total liabilities, redeemable convertible preferred shares and shareholders’ equity	$ 6,620.4	$ 6,575.1