Is the Sports Direct International share price cheap?

Sports Direct (LON:SPD) is Mike Ashley's sprawling retail empire that operates a portfolio of sports, fitness, fashion and lifestyle fascias, and brands.

Right now the Sports Direct share price displays favourable value traits, as evidenced by its Value Rank of 78. Let's explore this in more detail.

Breaking down Sports Direct International's Value Rank

We can see by using Sports Direct International’s StockReport that the group has a:

• Rolling price to book value of 0.94,
• Trailing twelve month price to earnings ratio of 27.6
• Trailing twelve month price to free cashflow of 8.49
• Trailing twelve-month price to sales ratio of 0.36

This combination of financial traits suggests that Sports Direct International stock might be good value at current levels, although further research is required if this is to be confirmed.

What does this mean for potential investors?

Some of the best quality stocks in the market have defensible models that can deliver high levels of shareholder returns over the long term. But there are no guarantees and it's important to do your own research. Indeed, we've identified some areas of concern with Frasers that you can find out about here.