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Movado Group, Inc.

Rank #85Value

MOVAA · OTC · Consumer Cyclical

Movado Group, Inc. (MOVAA) — Rank #85 by gross profitability (GP/assets 0.49) · ROE 5.3% · Piotroski F-Score N/A.

As-of 2026-09-28 · CIK 0000072573 · all metrics point-in-time as of the filing date.

About

Movado Group, Inc. designs, sources, markets, and distributes watches worldwide.

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It operates in two segments, Watch and Accessory Brands, and Company Stores. The company offers its watches under the Movado, Concord, Ebel, Olivia Burton, and MVMT brands, as well as licensed brands comprising Coach, Tommy Hilfiger, HUGO BOSS, Lacoste, Calvin Klein, and KATE SPADE NEW YORK. It also designs, sources, markets, and distributes jewelry and other accessories; and provides after-sales and shipping services. The company's customers include jewelry store chains, department stores, independent regional jewelers, network of independent distributors, online marketplaces, licensors' retail stores, and third-party e-commerce retailers. It sells directly to consumers through its e-commerce platforms. The company was formerly known as North American Watch Corporation and changed its name to Movado Group, Inc. in 1996. Movado Group, Inc.

was founded in 1881 and is headquartered in Paramus, New Jersey.

Industry
Luxury Goods
Sector
Consumer Cyclical
State
NY
Filer Category
Accelerated filer
Fiscal Year End
January 31

Company Snapshot

P/E and dividend yield are the primary valuation lenses for mature businesses.

Market Cap

—

P/E (annual)

—

P/S (annual)

—

P/B

—

P/OCF (annual)

—

Shareholder Yield

—

Employees

991

Industry

Luxury Goods

Exchange

OTC

Signal Flags

3 green
Revenue growth acceleratingGrowth rate increasing year over year
Operating leverage expandingOperating income growing faster than revenue
Sequential beat (rev + EPS)Both revenue and EPS exceeded prior quarter — 2-quarter streak

Quality Profile

Profitability

1/1 pass
GP / assets
0.49
Return on equity
5.3%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
0.47
Current ratio
4.26×
Net cash
$211.61M

Cash Flow

3/3 pass
Positive FCF
PASS
Cash-backed earnings
PASS
Accruals healthy
PASS
SBC / revenue
0.8%

Growth

2/2 pass
Revenue growth
2.7%
Piotroski F-Score
N/A
Share dilution
0.0%

Terry Smith quality gate

Passes 3/5 Terry Smith thresholds

Dividend yield and payout ratio are the primary reads at this stage (trailing P/E — see valuation above).

Profitability

Gross profitability (GP / assets)

0.49

Primary signal (Novy-Marx).

80th pctl of 41 SIC 38 peers

Return on equity

5.3%

Gross margin

54.2%

40th pctl of 41 SIC 38 peers

Revenue growth (YoY)

2.7%

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2023202420252026
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

-3.4%

Revenue CAGR (5Y)

5.8%

Earnings CAGR (3Y)

-33.5%

FCF CAGR (3Y)

4.2%

Anti-fragile safety

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

0.47

74th pctl of 40 SIC 38 peers (best = lowest)

Current ratio

4.26×

85th pctl of 40 SIC 38 peers

Quick ratio

2.47×

Net cash

$211.61M

Cash & equivalents minus total debt.

Recession resistance

Revenue through recessions

Worst single-year YoY revenue decline, 17 years of history

Strong
2008-2009 (GFC)
N/AN/A
2020 (COVID)
3.1%Grew through it
Worst year on record(any fiscal year, not recession-limited)
-33.0%Significant decline

Cash-flow health

Free cash flow

$53.41M

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF / net income

1.01

Cash-backing of earnings.

FCF/NI divergence

Unfavorable divergence (yellow flag).

PASS

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

0.8%

Stock-based comp intensity.

Dividend safety

Composite score

2.0 / 5

Fair
Payout ratio
116.9%0/5 Weak
FCF coverage
1.72×3/5 Good
Dividend growth streak
0 yr0/5 Weak
Balance-sheet health
D/E 0.47 · IC 58.83×5/5 Strong

Piotroski F-Score

F-Score

N/A

Only 8/9 components determinable.

Lifecycle Phase History

20212026
Decline
Hypergrowth
Value
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