Company Valuation: Macy's, Inc.

Data adjusted to current consolidation scope
Fiscal Period: January 2022 2023 2024 2025 2026 2027 2028 2029
Capitalization 1 7,661 6,406 5,013 4,326 5,323 5,138 - -
Change - -16.38% -21.75% -13.71% 23.06% -3.47% - -
Enterprise Value (EV) 1 9,244 8,540 6,977 5,799 6,509 5,994 5,765 6,334
Change - -7.61% -18.31% -16.89% 12.25% -7.92% -3.82% 9.87%
P/E ratio 5.63x 5.64x 48.1x 7.53x 8.63x 9.18x 8.51x 8.08x
PBR 2.07x 1.57x 1.21x 0.95x 1.21x 1.05x 1.02x 1.24x
PEG - -0.71x -0.5x 0x 0.7x -1.08x 1.07x 1.54x
Capitalization / Revenue 0.31x 0.26x 0.22x 0.19x 0.24x 0.24x 0.24x 0.28x
EV / Revenue 0.38x 0.35x 0.3x 0.26x 0.3x 0.28x 0.27x 0.34x
EV / EBITDA 2.78x 3.23x 3.01x 2.93x 3.53x 3.37x 3.26x 3.75x
EV / EBIT 3.78x 4.77x 4.91x 5.29x 6.87x 6.96x 6.67x 7.79x
EV / FCF 3.92x 26.7x 10.4x 14.6x 9.43x 8.37x 7.43x -
FCF Yield 25.5% 3.75% 9.66% 6.83% 10.6% 11.9% 13.5% -
Dividend per Share 2 0.3 0.63 0.6616 0.69 - 0.738 0.7711 0.8083
Rate of return 1.17% 2.67% 3.62% 4.43% - 3.79% 3.96% 4.15%
EPS 2 4.55 4.19 0.38 2.07 2.32 2.122 2.29 2.41
Distribution rate 6.59% 15% 174% 33.3% - 34.8% 33.7% 33.5%
Net sales 1 24,460 24,442 23,092 22,293 21,764 21,592 21,317 18,550
EBITDA 1 3,320 2,648 2,317 1,977 1,842 1,780 1,771 1,689
EBIT 1 2,446 1,791 1,420 1,096 948 861 863.8 813
Net income 1 1,430 1,177 105 582 642 593.8 622 646
Net Debt 1 1,583 2,134 1,964 1,473 1,186 855.6 626.8 1,196
Reference price 2 25.60 23.63 18.29 15.58 20.02 19.48 19.48 19.48
Nbr of stocks (in thousands) 299,269 271,112 274,073 277,636 265,883 263,761 - -
Announcement Date 2/22/22 3/2/23 2/27/24 3/6/25 3/18/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
9.18x0.28x3.37x3.79% 5.14B
17.13x1.28x8.83x3.03% 16.18B
82.65x7.37x42.3x0.14% 15.97B
16.62x1.26x10.52x5.79% 8.8B
17.09x2.04x11.01x2.25% 6.88B
69.58x4.42x30.19x0.33% 6.13B
12.71x0.94x5.72x2.67% 5.06B
10.55x1.2x6.15x5.34% 4.45B
Average 29.44x 2.35x 14.76x 2.92% 8.58B
Weighted average by Cap. 35.66x 2.95x 18.16x 2.57%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  4. Valuation Macy's, Inc.