Best Buy operates as a retailer of technology products - television and home theaters,digital cameras and camcorders, DVD and Blu-ray players, car stereo, navigation and satellite radio and related accessories, and services - Geek squad handles computer repair, other tech services, installations, etc. in the United States and internationally. The company was founded in 1966 and is based in Richfield, Minnesota.
BBY Price Forecast Based on DCF Valuation
DCF Fair Value Target:
Below please find a table outlining a discounted cash flow forecast for BBY, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that Best Buy Co Inc ranked in the 78th percentile in terms of potential gain offered. Specifically, our DCF analysis implies the stock is trading below its fair value by an estimated 554.17%. The most interesting components of our discounted cash flow analysis for Best Buy Co Inc ended up being:
BBY's estimated cost of debt, based largely on its market capitalization and its interest coverage ratio, is 2%; for context, that number is higher than 31.85% of tickers in our DCF set.
Relative to other stocks in its sector (Consumer Cyclical), Best Buy Co Inc has a reliance on debt greater than only 14% of them.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Consumer Cyclical that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as BBY, try NCMI, AN, LZB, GIL, and SALM.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Apple today announced a new Fitness+ service which is set to launch later this year. Fitness+ is a fitness experience that was designed with the Apple Watch in mind, and it pairs fitness videos watched on the iPad , iPhone , or Apple TV with Apple Watch fitness measuring metrics. Fitness+, accessible in the Fitness app on iPhone, iPad, and Apple TV, provides studio-style workouts across several workout categories including Cycling, Treadmill, Rowing, HIIT, Strength, Yoga, Dance, Core, and Mindful Cooldown. Users will be able to choose workout type, trainer, duration, and music, plus Apple will offer up custom recommendations. All Apple Customers are eligible for a free one-month trial of Fitness+ when it launches, but those who purchase an Apple Watch Series 3 or later from Apple ...
As spotted by an eagle-eyed Reddit user , Best Buy has listed a screen protector for an unreleased "iPhone SE Plus 2020" on its website. The screen protector is also listed as compatible with the iPhone 6 Plus, iPhone 7 Plus, and iPhone 8 Plus. The screen protector comes from the Insignia brand, which is owned by Best Buy itself. While there actually have been rumors of an iPhone SE Plus launching in the second half of 2021 , it is unlikely that Best Buy would be privy to any information about this new device, especially this far in advance. The listing could be an SEO attempt or simply a mistake. Reputable analyst Ming-Chi Kuo has previously said that the iPhone SE Plus will feature Touch ID built into the side power button, as is rumored for the redesigned iPad Air expected today . He...