Crocs (Nasdaq: CROX) has left many investors scared after blowing up in their face a few years ago, but these goofy shoes have impressive growth ahead and a healthy balance sheet in tow. 

The company trades at a significant discount to its peer group, yet it achieves a more impressive return on invested capital and has an unencumbered balance sheet. Many investors may be missing the growth here, but that's because it's all happening in China. What's even more impressive is that Crocs is able to achieve this growth with gross margins that would make many luxury apparel companies swoon. 

See more in the following video.

Austin Smith owns shares of Crocs. The Motley Fool owns shares of Nike and Under Armour. Motley Fool newsletter services recommend Nike and Under Armour. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.