Crocs Inc (CROX) is undervalued and Wolverine World Wide Inc (WWW) is slightly undervalued.
Against our estimates of intrinsic value, CROX trades at the wider discount: a margin of safety of +59%, against +18% for WWW.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 10.5% (average of 3 methods) values the shares at $304.23; the price of $124.58 is 59% below that value, and 73% of that value comes from beyond year five.
Leak Score 100/100 on 3 of 12 signals
Discounting its cash flows at 12.5% (average of 3 methods) values the shares at $24.27; the price of $19.87 is 18% below that value, and 65% of that value comes from beyond year five.
Leak Score 46/100 on 9 of 12 signals
| Metric | CROX | WWW |
|---|---|---|
| Verdict | Undervalued | Slightly undervalued |
| Price | $124.58 | $19.87 |
| Intrinsic value | $304.23 | $24.27 |
| Margin of safety | +59% | +18% |
| Leak Score | 100/100 (3/12) | 46/100 (9/12) |
| Market cap | $6.0B | $1.6B |
| Revenue growth, 5 years | 23.9% | 0.9% |
| Operating margin | 20.8% | 8.7% |
| Net margin | 14.6% | 5.4% |
| Return on equity | 42.3% | 26.6% |
| Debt to equity | 1.22 | 1.66 |
| P/E | 10.8x | 15.4x |
| Forward P/E | 8.3x | 10.7x |
| P/B | 4.3x | 3.6x |
| Dividend yield | — | 2.0% |