Forensic Analysis · Retail / Consumer Discretionary · as of Jun 28, 2026
SHOE STATION GROUP INC (SHOE)
A forensic read on SHOE STATION GROUP INC built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
B · Sound & dependable
Forensic grade
Safe
Financial health
6.4
Altman Z-score
Clean
Earnings quality
5
Forensic signals
11.6
P / E (ttm)
5.5%
ROE
$434M
Market cap
4.35%
Dividend yield
SHOE STATION GROUP INC earns a B (Sound & dependable) forensic quality grade, and its Altman Z-score is 6.4, placing it in the Safe zone. 5 forensic signals were flagged in its latest SEC filings, led by inventory days.
What the filings flag
223dInventory days.Days inventory outstanding moved from 182 to 223 FY2025→FY2026 (against cost of goods sold; inventory +14% vs -7% in cost of sales). Inventory is outrunning what's being sold — a flag for softening demand or obsolescence risk ahead.
5%Return on invested capital.Return on invested capital is 5% and slipping from 14% — well below its ~9% cost of capital, so reinvested dollars may be destroying value, not building it.
-0.3%/yrShare-count dilution.Diluted share count changed -1% over the last 3 years to FY2026 (-0.3%/yr). Roughly flat — buybacks are about offsetting stock comp, not shrinking the count. Per-share value isn't being meaningfully helped or hurt by the count.
1% of revStock-based comp load.Stock-based compensation ran 1% of revenue and 28% of free cash flow in FY2026 — about $0.27 per diluted share. Meaningful — reported free cash flow flatters the economics, since SBC is a real cost paid in shares.
-10%Dividend — cut.The payout was CUT ~10% in FY2021 (from FY2020). It still returns some cash, but it is NOT the dependable, rising dividend an unbroken streak implies — weigh the cut when judging reliability.
Key fundamentals
Net Margin4.6%
Debt / Equity0.00x
Free Cash Flow$26.6M
Latest Revenue$1.14B
Return on Equity7.6%
Revenue Growth YoY-5.6%
Go deeper — free with an account
The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on SHOE STATION GROUP INC:
🔒The written investment read — what the numbers mean, in plain English
🔒Ask anything about SHOE's filings — AI Q&A across the 10-K, 10-Qs & 8-Ks
🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown