Rational Investing

Apparel Footwear Accessories

	Total Market Capitalization of All Firms	$362,169 mm
	Average Market Capitalization	$21,304 mm
	Average Market to Model Ratio Weighted by Log of Market Cap	0.6
	Standard Deviation of MM Ratio	0.3
	Average Beta	1.1
	Average EV To Revenue	1.8
	Average EV To EBITDAM	12.1
	Average Price To Free Cash Flow	60.1

Ticker	Company Name	Market To Model	Market Cap ($ mm)	EV to Revenue	Price To FCF	EV/EBITDAM	% Growth	Beta	As Of
8227	Shimamura Co.,ltd	1.10	2,051	0.0	24.1	15.9	-1	0.6	Feb 20
2670	ABC MART INC	0.89	3,677	0.0	34.6	17.7	4	0.7	Nov 19
UHR.SW	The Swatch Group Ltd	0.89	9,772	1.2	12.2	13.1	4	0.8	Dec 19
RMS.PA	Hermes International	0.82	68,973	8.8	36.8	19.0	14	0.7	Dec 19
MONC.MI	MONCLER SPA	0.75	8,666	4.9	26.6	16.4	17	0.8	Dec 19
WWW	Wolverine World Wide Inc.	0.59	1,129	0.8	6.6	9.8	4	1.5	Dec 19
CRI	Carters Inc	0.58	2,964	1.0	11.6	10.7	3	1.1	Dec 19
KER.PA	Kering SA	0.57	61,755	3.5	14.2	10.2	19	1.1	Dec 19
MC.PA	Lvmh Moet Hennessy Louis Vuitt	0.50	177,364	3.2	23.2	13.0	13	1.0	Dec 19
SKX	Skechers Usa Inc.	0.46	3,406	0.6	8.8	5.6	20	1.2	Dec 19
DECK	Deckers Outdoor Corp	0.45	3,557	1.6	17.1	8.0	10	0.8	Dec 19
RL	Polo Ralph Lauren Corp	0.38	4,796	0.8	9.5	7.8	5	1.3	Dec 19
SHOO	Steven Madden Ltd.	0.38	1,758	1.0	14.8	11.6	3	1.2	Dec 19
NXT.L	Next Plc	0.35	5,699	1.6	753.6	30	5	1.3	Jan 20
PVH	Phillips-van Heusen Corp.	0.25	2,326	0.2	8.5	5.3	7	1.9	Oct 19
TPR	Tapestry	0.21	3,218	0.8	10.9	4.4	3	1.0	Dec 19
CROX	Crocs Inc.	0.13	1,057	0.8	7.8	7.2	21	1.8	Dec 19