Financials Macy's, Inc.

Equities

M

US55616P1049

Department Stores

Market Closed - Nyse 04:00:02 2024-04-19 pm EDT 5-day change 1st Jan Change
18.53 USD -2.68% Intraday chart for Macy's, Inc. -3.99% -7.90%

Valuation

Fiscal Period: February 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 5,086 4,580 7,503 6,631 5,106 5,099 - -
Enterprise Value (EV) 1 8,561 7,760 9,086 6,631 5,106 6,673 6,206 5,798
P/E ratio 9.09 x -1.16 x 5.51 x 5.84 x 49 x 6.87 x 6.48 x 4.88 x
Yield 9.17% 2.56% 1.2% - - 3.67% 3.76% 4.01%
Capitalization / Revenue 0.21 x 0.26 x 0.31 x 0.27 x 0.22 x 0.23 x 0.23 x 0.28 x
EV / Revenue 0.35 x 0.45 x 0.37 x 0.27 x 0.22 x 0.3 x 0.28 x 0.32 x
EV / EBITDA 3.66 x 66.3 x 2.74 x 2.5 x 2.2 x 3.35 x 3.15 x 3.09 x
EV / FCF 19 x 42.4 x 3.85 x - - 15.3 x 6.43 x 6.39 x
FCF Yield 5.27% 2.36% 26% - - 6.55% 15.6% 15.6%
Price to Book 0.8 x 1.79 x 2.02 x - - 1.07 x 0.99 x 0.99 x
Nbr of stocks (in thousands) 308,965 310,478 299,269 271,112 274,073 275,157 - -
Reference price 2 16.46 14.75 25.07 24.46 18.63 18.53 18.53 18.53
Announcement Date 2/25/20 2/23/21 2/22/22 3/2/23 2/27/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: February 2020 2021 2022 2023 2024 2025 2026 2027
Net sales 1 24,560 17,346 24,460 24,442 23,092 22,618 22,316 17,958
EBITDA 1 2,336 117 3,320 2,648 2,317 1,990 1,971 1,874
EBIT 1 1,324 -842 2,446 1,791 1,420 1,084 1,059 978.6
Operating Margin 5.39% -4.85% 10% 7.33% 6.15% 4.79% 4.74% 5.45%
Earnings before Tax (EBT) 1 728 -4,790 1,866 1,518 124 1,003 1,059 1,339
Net income 1 564 -3,944 1,430 1,177 105 754.2 793.5 1,011
Net margin 2.3% -22.74% 5.85% 4.82% 0.45% 3.33% 3.56% 5.63%
EPS 2 1.810 -12.68 4.550 4.190 0.3800 2.698 2.860 3.793
Free Cash Flow 1 451 183 2,358 - - 437.3 965.6 907
FCF margin 1.84% 1.05% 9.64% - - 1.93% 4.33% 5.05%
FCF Conversion (EBITDA) 19.31% 156.41% 71.02% - - 21.98% 49% 48.41%
FCF Conversion (Net income) 79.96% - 164.9% - - 57.99% 121.69% 89.68%
Dividend per Share 2 1.510 0.3775 0.3000 - - 0.6802 0.6969 0.7430
Announcement Date 2/25/20 2/23/21 2/22/22 3/2/23 2/27/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: February 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2 2025 Q3 2025 Q4 2026 Q1
Net sales 1 5,440 8,665 5,348 5,600 5,230 8,264 4,982 5,130 4,860 8,120 4,835 5,070 4,866 7,847 4,555
EBITDA 1 765 1,247 684 616 439 910 468 347 334 1,168 334 341.2 270.5 1,032 -
EBIT 1 540 1,041 478 401 207 691 250 128 108 936 92.84 112.4 42.07 837.5 64.8
Operating Margin 9.93% 12.01% 8.94% 7.16% 3.96% 8.36% 5.02% 2.5% 2.22% 11.53% 1.92% 2.22% 0.86% 10.67% 1.42%
Earnings before Tax (EBT) 1 294 982 392 364 125 637 211 -30 46 -103 76.32 87.39 12.24 805.8 -
Net income 1 239 742 286 275 108 508 155 -22 43 -71 57.94 66.37 8.83 612.7 -
Net margin 4.39% 8.56% 5.35% 4.91% 2.07% 6.15% 3.11% -0.43% 0.88% -0.87% 1.2% 1.31% 0.18% 7.81% -
EPS 2 0.7600 2.440 0.9800 0.9900 0.3900 1.830 0.5600 -0.0800 0.1500 -0.2600 0.2100 0.2400 0.0300 2.170 -
Dividend per Share 2 - 0.1500 0.1575 0.1575 0.1575 - - - - - 0.1701 0.1701 0.1701 0.1701 0.1752
Announcement Date 11/18/21 2/22/22 5/26/22 8/23/22 11/17/22 3/2/23 6/1/23 8/22/23 11/16/23 2/27/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: February 2020 2021 2022 2023 2024 2025 2026 2027
Net Debt 1 3,475 3,180 1,583 - - 1,575 1,107 699
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.488 x 27.18 x 0.4768 x - - 0.7913 x 0.5617 x 0.3732 x
Free Cash Flow 1 451 183 2,358 - - 437 966 907
ROE (net income / shareholders' equity) 14.1% -15.4% 54% - - 16% 14.2% 12.9%
ROA (Net income/ Total Assets) 4.49% -3.54% 9.45% - - 4.33% 4.82% 5.5%
Assets 1 12,564 111,444 15,130 - - 17,400 16,480 18,388
Book Value Per Share 2 20.60 8.220 12.40 - - 17.40 18.80 18.60
Cash Flow per Share 2 5.160 2.090 8.640 - - 6.020 6.700 7.590
Capex 1 1,157 466 354 - - 905 902 973
Capex / Sales 4.71% 2.69% 1.45% - - 4% 4.04% 5.42%
Announcement Date 2/25/20 2/23/21 2/22/22 3/2/23 2/27/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
16
Last Close Price
18.53 USD
Average target price
20.34 USD
Spread / Average Target
+9.77%
Consensus
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