Projected Income Statement: Macy's, Inc.

Forecast Balance Sheet: Macy's, Inc.

Fiscal Period: February 2020 2021 2022 2023 2024 2025 2026 2027
Net Debt 1 3,475 3,180 1,583 2,134 1,964 1,628 1,244 1,002
Change - -8.49% -50.22% 34.81% -7.97% -17.11% -23.59% -19.45%
Announcement Date 2/25/20 2/23/21 2/22/22 3/2/23 2/27/24 - - -
1USD in Million
Estimates

Cash Flow Forecast: Macy's, Inc.

Fiscal Period: February 2020 2021 2022 2023 2024 2025 2026 2027
CAPEX 1 1,157 466 354 1,295 631 881.7 850 830.5
Change - -59.72% -24.03% 265.82% -51.27% 39.73% -3.59% -2.29%
Free Cash Flow (FCF) 1 451 183 2,358 320 674 198.5 740 708
Change - -59.42% 1,188.52% -86.43% 110.62% -70.55% 272.8% -4.32%
Announcement Date 2/25/20 2/23/21 2/22/22 3/2/23 2/27/24 - - -
1USD in Million
Estimates

Forecast Financial Ratios: Macy's, Inc.

Fiscal Period: February 2020 2021 2022 2023 2024 2025 2026 2027

Profitability

        
EBITDA Margin (%) 9.51% 0.67% 13.57% 10.83% 10.03% 8.47% 8.52% 9.03%
EBIT Margin (%) 5.39% -4.85% 10% 7.33% 6.15% 4.49% 4.36% 4.36%
EBT Margin (%) 2.96% -27.61% 7.63% 6.21% 0.54% 3.92% 4.13% 5.6%
Net margin (%) 2.3% -22.74% 5.85% 4.82% 0.45% 2.96% 3.12% 4.23%
FCF margin (%) 1.84% 1.05% 9.64% 1.31% 2.92% 0.89% 3.43% 3.49%
FCF / Net Income (%) 79.96% -4.64% 164.9% 27.19% 641.9% 30.1% 110.12% 82.52%

Profitability

        
ROA 4.49% -3.54% 9.45% 6.83% 5.88% 4.08% 4.26% 4.63%
ROE 14.14% -15.41% 54.03% 30.56% 23.68% 15.53% 13.19% 13.23%

Financial Health

        
Leverage (Debt/EBITDA) 1.49x 27.18x 0.48x 0.81x 0.85x 0.86x 0.68x 0.55x
Debt / Free cash flow 7.71x 17.38x 0.67x 6.67x 2.91x 8.2x 1.68x 1.42x

Capital Intensity

        
CAPEX / Current Assets (%) 4.71% 2.69% 1.45% 5.3% 2.73% 3.95% 3.94% 4.1%
CAPEX / EBITDA (%) 49.53% 398.29% 10.66% 48.9% 27.23% 46.71% 46.26% 45.33%
CAPEX / FCF (%) 256.54% 254.64% 15.01% 404.69% 93.62% 444.16% 114.86% 117.3%

Items per share

        
Cash flow per share 1 5.164 2.086 8.637 5.745 4.691 - - -
Change - -59.6% 314.01% -33.48% -18.35% - - -
Dividend per Share 1 1.51 0.3775 0.3 0.63 0.6616 0.6912 0.7162 0.7505
Change - -75% -20.53% 110% 5.02% 4.47% 3.63% 4.78%
Book Value Per Share 1 20.64 8.22 12.38 15.04 15.09 16.36 17.63 17.99
Change - -60.17% 50.65% 21.48% 0.29% 8.46% 7.73% 2.05%
EPS 1 1.81 -12.68 4.55 4.19 0.38 2.34 2.41 3.17
Change - -800.55% -135.88% -7.91% -90.93% 515.79% 2.99% 31.54%
Nbr of stocks (in thousands) 308,965 310,478 299,269 271,112 274,073 277,636 277,636 277,636
Announcement Date 2/25/20 2/23/21 2/22/22 3/2/23 2/27/24 - - -
1USD
Estimates
2025 *2026 *
P/E ratio 6.43x 6.24x
PBR 0.92x 0.85x
EV / Sales 0.26x 0.25x
Yield 4.6% 4.76%
More valuation ratios * Estimated data

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Trading Rating
Investor Rating
ESG MSCI
AAA
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
14
Last Close Price
15.04USD
Average target price
17.00USD
Spread / Average Target
+13.03%
Consensus

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. M Stock
  4. Financials Macy's, Inc.