Rational Investing

Apparel Footwear Accessories

	Total Market Capitalization of All Firms	$628,319 mm
	Average Market Capitalization	$23,271 mm
	Average Market to Model Ratio Weighted by Log of Market Cap	0.9
	Standard Deviation of MM Ratio	0.4
	Average Beta	1.1
	Average EV To Revenue	2.6
	Average EV To EBITDAM	21.3
	Average Price To Free Cash Flow	30.6

Ticker	Company Name	Market To Model	Market Cap ($ mm)	EV to Revenue	Price To FCF	EV/EBITDAM	% Growth	Beta	As Of
SKX	Skechers Usa Inc.	2.23	5,268	1.2	33.5	30	-8	1.2	Sep 20
RMS.PA	Hermes International	1.13	103,469	15.7	55.4	33.4	-4	0.7	Jun 20
MC.PA	Lvmh Moet Hennessy Louis Vuitt	1.12	292,467	6.1	32.8	24.1	-7	1.0	Jun 20
SHOO	Steven Madden Ltd.	1.12	2,701	1.7	16.9	13.0	-11	1.0	Sep 20
CROX	Crocs Inc.	1.06	4,232	3.6	30.3	22.9	0	1.7	Sep 20
MONC.MI	MONCLER SPA	1.06	12,730	9.2	41.2	45.7	-9	0.7	Jun 20
NXT.L	Next Plc	1.01	11,943	4.2	65.5	30	-23	1.3	Jul 20
0551.HK	Yue Yuen Industrial Holdings L	1.00	3,321	0.7	15.9	30	-13	0.9	Jun 20
9910.TW	Feng Tay Enterprises Co., Ltd.	1.00	5,666	0.2	99	46.8	-4	1.2	Sep 20
2670	ABC MART INC	0.88	4,471	0.0	30.6	15.1	-6	0.6	Aug 20
GCO	Genesco Inc.	0.88	519	0.4	31.4	30	-36	2.0	Apr 20
RL	Polo Ralph Lauren Corp	0.83	6,742	2.4	21.6	12.6	-45	1.3	Sep 20
PVH	Phillips-van Heusen Corp.	0.79	5,966	1.1	30.6	14.1	-20	2.2	Jul 20
KER.PA	Kering SA	0.74	91,606	6.7	30.3	19.5	-9	1.0	Jun 20
SCVL	Shoe Carnival Inc.	0.73	539	0.5	12.4	7.6	6	1.4	Oct 20
VFC	V.F. Corporation (VFC)	0.71	33,208	3.0	22.1	17.2	19	1.3	Sep 20
UHR.SW	The Swatch Group Ltd	0.69	13,004	2.3	99	30	-28	0.7	Jun 20
CRI	Carters Inc	0.67	4,023	1.3	13.7	11.9	-2	1.2	Sep 20
9904.TW	Pou Chen Corporation	0.65	3,231	0.4	18.3	30	-11	1.0	Sep 20
WWW	Wolverine World Wide Inc.	0.65	2,561	2.2	28.9	27.8	-31	1.7	Sep 20
VRA	Vera Bradley Inc	0.63	291	0.7	8.5	7.7	3	0.8	Apr 19
TPR	Tapestry	0.60	8,217	2.9	28.3	30.0	-27	1.3	Sep 20
8227	Shimamura Co.,ltd	0.53	3,804	0.0	21.0	11.5	22	0.8	Aug 20
DECK	Deckers Outdoor Corp	0.49	7,416	2.7	19.6	14.0	28	0.8	Sep 20
CAL	Caleres Inc	0.48	497	0.3	7.1	6.0	5	0.8	Oct 19
WEYS	Weyco Group Inc.	0.44	179	0.7	7.6	6.3	6	0.7	Mar 19
8016	Onward Holdings Co Ltd	0.38	247	0.3	4.2	8.6	3	1.0	Feb 20