Projected Income Statement: Target Corporation

Forecast Balance Sheet: Target Corporation

Fiscal Period: February 2020 2021 2022 2023 2024 2025 2026 2027
Net Debt 1 8,922 4,169 7,809 13,910 12,233 11,548 11,625 11,566
Change - -53.27% 87.31% 78.13% -12.06% -5.6% 0.67% -0.51%
Announcement Date 3/3/20 3/2/21 3/1/22 2/28/23 3/5/24 - - -
1USD in Million
Estimates

Cash Flow Forecast: Target Corporation

Fiscal Period: February 2020 2021 2022 2023 2024 2025 2026 2027
CAPEX 1 3,027 2,649 3,544 5,528 4,806 2,980 4,313 4,405
Change - -12.49% 33.79% 55.98% -13.06% -37.98% 44.7% 2.13%
Free Cash Flow (FCF) 1 4,090 7,876 5,081 -1,510 3,815 4,197 3,447 3,900
Change - 92.57% -35.49% -129.72% -352.65% 10.02% -17.89% 13.15%
Announcement Date 3/3/20 3/2/21 3/1/22 2/28/23 3/5/24 - - -
1USD in Million
Estimates

Forecast Financial Ratios: Target Corporation

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

Profitability

        
EBITDA Margin (%) 8.98% 9.63% 11.29% 6.04% 8.01% 7.85% 7.99% 8.1%
EBIT Margin (%) 5.96% 6.97% 8.8% 3.57% 5.31% 5.18% 5.31% 5.52%
EBT Margin (%) 5.36% 5.93% 8.4% 3.13% 4.93% 4.85% 5% 5.23%
Net margin (%) 4.2% 4.67% 6.55% 2.55% 3.85% 3.76% 3.85% 4%
FCF margin (%) 5.24% 8.42% 4.79% -1.38% 3.55% 3.95% 3.16% 3.45%
FCF / Net Income (%) 124.66% 180.31% 73.15% -54.32% 92.19% 104.9% 81.96% 86.27%

Profitability

        
ROA 7.81% 9.29% 12.72% 5.19% 7.61% 7.27% 7.51% 7.9%
ROE 28.37% 32.97% 49.03% 23.11% 33.56% 27.91% 26.78% 26.5%

Financial Health

        
Leverage (Debt/EBITDA) 1.27x 0.46x 0.65x 2.11x 1.42x 1.38x 1.33x 1.27x
Debt / Free cash flow 2.18x 0.53x 1.54x -9.21x 3.21x 2.75x 3.37x 2.97x

Capital Intensity

        
CAPEX / Current Assets (%) 3.88% 2.83% 3.34% 5.07% 4.47% 2.8% 3.95% 3.9%
CAPEX / EBITDA (%) 43.15% 29.41% 29.61% 83.81% 55.88% 35.69% 49.51% 48.18%
CAPEX / FCF (%) 74.01% 33.63% 69.75% -366.09% 125.98% 71.01% 125.13% 112.94%

Items per share

        
Cash flow per share 1 13.8 20.83 17.51 8.646 18.63 14.7 16.54 17.6
Change - 50.87% -15.94% -50.61% 115.44% -21.07% 12.49% 6.38%
Dividend per Share 1 2.62 2.7 3.38 4.14 4.38 4.462 4.626 4.828
Change - 3.05% 25.19% 22.49% 5.8% 1.88% 3.68% 4.36%
Book Value Per Share 1 22.95 28.57 27.22 24.4 29.09 31.59 34.29 37.26
Change - 24.49% -4.74% -10.36% 19.24% 8.57% 8.57% 8.66%
EPS 1 6.36 8.64 14.1 5.98 8.94 8.66 9.238 10.03
Change - 35.85% 63.19% -57.59% 49.5% -3.13% 6.67% 8.59%
Nbr of stocks (in thousands) 506,737 500,773 479,124 460,310 461,662 458,212 458,212 458,212
Announcement Date 3/3/20 3/2/21 3/1/22 2/28/23 3/5/24 - - -
1USD
Estimates
2025 *2026 *
P/E ratio 15.2x 14.2x
PBR 4.16x 3.83x
EV / Sales 0.67x 0.66x
Yield 3.4% 3.52%
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
AA
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
37
Last Close Price
131.28USD
Average target price
143.11USD
Spread / Average Target
+9.01%
Consensus

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. TGT Stock
  4. Financials Target Corporation